So, is ROFR-mania over?

[DIZNYFAN]

Going through Disney next time just waiting for a Use Year we like.

 

[Mike]

I just read on another thread that DVC exercised ROFR on a VB contract at $62/pt.

 

[RuthnPaul]

Originally posted by DIZNYFAN
Just so you know when I talked to my guide she told me that they now have a good number of VWL points and are concentrating more on BWV and BCV so hopefully that helps your contract out some.

Thanks for the information, DiznyFan! We will pay MF on all the 2004 points plus closing costs so hopefully that will give us that "leg up" in making it through ROFR!

 

[Beca]

Originally posted by DIZNYFAN
Just so you know when I talked to my guide she told me that they now have a good number of VWL points and are concentrating more on BWV and BCV so hopefully that helps your contract out some.

All I can say on that is that by looking at TTS website...DVC better REAL used to buying back "stripped" contracts...that is ALL I have seen on those two properties in a while!!!

Oh, did you guys see that someone "snagged" that sweet VWL contract? 300 pts, and almost 50 currently avail, and 150 banked, with 300 more in Dec! The ONLY thing that stood between me and that contract was $22,000 (just a minor detail)!! I hope someone on the dis got it!!!



Beca

 

[LisaSt]

Our guide told us they have lots of OKW points on hand so any OKW resales should be good for making it through unless DVC finds the price per point to their liking then you may have trouble. As for the stripped down contracts the sellers may have a hard time selling those to even someone looking for a resale let alone Disney.

 

[poohnpiglet3]

You're right - there were a couple of really good contracts up right now - I think one was a BCV contract -- or maybe VWL. I can't remember. Snagged FAST!

I'm sorry, DZNYFAN, that you didn't pass - I'm shocked that you didn't!

Sherri

 

[CarolAnnC]

This thread has been pruned to remove the political discussion posts. Please keep to the DVC related topics here. Thank you.

 

[wildernessgirl]

This Thread is about DVC and ROFR? We are on the wait list for BW uy June.

 

[Mike]

By the way, I think the answer to the original question that started this thread is no. You can add GeofM24's VWL to the list of ROFR'd contracts. I wouldn't classify it as mania but there is certainly increased ROFR activity that has folks waiting to hear concerned. I don't think this could be argued.

I think even Kerry and Bush would agree with this

 

[bobbiwoz]

The resale market looks good if you own and want to sell! We're holding and happy!

Bobbi

 

[DIZNYFAN]

Just read on another thread that a stripped contract was taken by ROFR so it seems Disney is even willing to take back stripped down ones.

 

[kaw1106]

Disney snatched our contract on BWV @ 70 a point. Feb. use year 200 points available now.

We are trying again on a stripped contract for 72 a point, april use year.

If that doesn't go through...maybe we will go through Disney. What are the points on BWV now. 85 or 89? I have read both in the posts.

 

[DIZNYFAN]

89 for all sold out properties from Disney now

 

[jel0511]

Originally posted by kaw1106
Disney snatched our contract on BWV @ 70 a point. Feb. use year 200 points available now.

We are trying again on a stripped contract for 72 a point, april use year.

If that doesn't go through...maybe we will go through Disney. What are the points on BWV now. 85 or 89? I have read both in the posts.

Disney is selling all the sold out resorts at 89 per point. I just got a BWV add-on Feb use year from DVC, it came through yesterday after getting on the list last Wednesday.

 

[kaw1106]

So, if I bought a contract on BWV from Disney with the use year Feb. Would I not have points until Feb.??? Would I have to borrow?
I am just trying to weigh the differences between resale or disney.

When we bought our BCV points, Disney gave us the choice to use the previous years points or sell them back, but the resort was not sold out at the time.

 

[jel0511]

Originally posted by kaw1106
So, if I bought a contract on BWV from Disney with the use year Feb. Would I not have points until Feb.??? Would I have to borrow?
I am just trying to weigh the differences between resale or disney.

When we bought our BCV points, Disney gave us the choice to use the previous years points or sell them back, but the resort was not sold out at the time.

I got a full allotment of 2004 points, as well as 2005's.

 

[kaw1106]

Thanks Lori,

Can you help me weigh the pros and cons to Disney vs. Resale.

 

[jel0511]

Well, once the points are available through Disney, the points are yours, no ROFR to deal with. You still might have to wait a while, I was lucky and only waited less then a week. Disney is running $89 per point, where as a resale including closing costs to pass ROFR probably should be around $77 per point. There is a significant savings going resale, but the process to obtain points is lengthly and can be as long as 2 months from intial offer to the points being in your account. If you're also particular on the use year you'd get in the resale market, that could lengthen the process. We actually had decided to buy a resale, but that was before the change by DVC. We had signed contracts and paid a deposit. We decided as an insurance policy to place our name on the list (figuring it wouldn't come through too quickly) in case ROFR was exercised. Well we got the call that the waitlist came through yesterday. Our resale contract was a different use year than we had, and we really felt it wasn't going to pass based on the reports of ROFR from other DIS members. So, with us still being in the 10 day cancellation period on the resale, we pulled out. Basically, because the points were there for our using immediately, and it was the same use year. It really is a personal decision and you could still troll the resale market while waiting for Disney to come through. Wherever you find the most compatible resale, go with it. It really is a personal preference, and if you do want to save a bit of money, the resale market is the way to go, but it seems to be more of an uncertainity with a more active ROFR market. I just didn't want to continue submitting contracts and getting rejected, this way, I'm done and can now plan my next vacation!!!

 

[kaw1106]

I saw on another post about new ROFR "new rules" ? WHat are those new rules?

 

[jel0511]

Originally posted by kaw1106
I saw on another post about new ROFR "new rules" ? WHat are those new rules?

There is a feeling here on the DIS that with DVC raising the price for add-on for sold out resorts to $89 per point, and with the addition of a formalized waitlist, that they will be exercising ROFR more often. Based on contracts that have been bought back, that seems to be true. These were contracts that only a few weeks ago would have flown through, but now they are getting eaten up by DVC. Whereas a contract at $72 per point would have passed ROFR with flying colors, now there is doubt to it passing.