What does Disney look for in dtermining ROFR?

[disneyvacalover]

I just had an offer accepted on a resale. Now I have to wait for ROFR. What does Disney take into consideration when making this decision? What are the fees that Brokers get for resales? Is this a piece of the consideration?

 

[chalee94]

I just had an offer accepted on a resale. Now I have to wait for ROFR. What does Disney take into consideration when making this decision?

here are some ideas.

ROFR is mostly a way for disney to discourage fire sale pricing on resales (and to take advantage of those fire-sale prices that wind up being offered.)

What are the fees that Brokers get for resales? Is this a piece of the consideration?

brokers typically get 10-12% of the sale price from the seller.

ROFR has nothing to do with the seller. and since the commission is a fee paid by the seller and not the buyer, it has no impact at all on ROFR. closing costs might factor into a ROFR decision as a component of total cost paid by the buyer.

 

[wdrl]

I just had an offer accepted on a resale. Now I have to wait for ROFR. What does Disney take into consideration when making this decision? What are the fees that Brokers get for resales? Is this a piece of the consideration?

There are a lot of DVC members that wish they knew what Disney takes into consideration when dealing with ROFR. There are several threads on the disboards that have tracked resale prices, all with the hopes of trying to figure out what will, or will not, pass ROFR. Common sense would tell you that price per point is the dominant factor. Other factors could be whether the buyer has to pay closing costs and/or maintenance fees (remember that if Disney ROFRs a contract, it assumes the same terms that the buyer agreed with the seller), and whether the contract is loaded of stripped of points. Disney might also want points in a specific UY but not in another, or it may want only a small number of points, or a large number of points. Since all of these variables can change from time to time, Disney could ROFR a contract in August and then waive the same contract today.

I also believe that the gap between the acquisition cost of the resale contract and the price Disney can sell the points affects the ROFR decision. For example, in August 2009 Disney was selling 100-point AKV add-ons for $93/point. Currently, a 100-point add-on is $102/point. With that $9/point difference, Disney might be more willing to ROFR a contract today than they would have back in August.

You can do us all a favor by posting your offer to Donald is #1's thread on ROFR prices (see http://www.disboards.com/showthread.php?t=1960185). Then, when you pass ROFR, or not, we can all learn from your experience.

Good luck! BTW - It took us 29 days before we heard that Disney waived ROFR on our AKV resale offer.

 

[DebbieB]

Another factor is if DVC has anyone on the waitlist for a certain resort and use year. For example, if they have someone waiting for BWV April use year, they might ROFR on a resale if the price is right. If there is no one waiting, they may let it go.