Yea!!! Disney waived ROFR...we will own 420 BWV points soon!

[CindyTx]

I was already convinced that Disney was going to exercise ROFR...but they didn't!!!

Yea! We will soon own 420 Boardwalk points!

I am so excited!



See you on the boardwalk someday!

 

[thelionqueen]

Congratulations!! Jealous too

 

[Plutofan]

Congratulations

 

[bobbiwoz]

Congratulations BWV neighbor!!

Bobbi

 

[dallastxcpa]

Congrats! Wow, I bet you won't be able to sleep tonight. I know I would be running all the scenarios through my mind on how to spend those points.

 

[twinx4]

What is ROFR...I've seen that on several posts.

Thank you

 

[Beca]

Congrats!! Did you submit ROFR for BCV on the same day? I'm wishing you lots of pixie dust on that one, too. Now that you are actually a "member", your chances of getting BCV are better.



Beca

 

[chip1]

Twinx4,
ROFR is "Right of First Refusal"

 

[m4travel]

Anytime points are sold between private parties, the agreement/contract setting forth the terms of the transaction the parties have agreed upon goes to Disney. They have the right to purchase the points from the seller on the same conditions (price) as those agreed upon by the parties or passing on it and letting the deal go through.

The process of being offered the points is called "Right of First Refusal" and if Disney decides not to buy the points, you will hear that the sale "passed." If you search for ROFR on the board, you will find several threads that catalog contracts that were taken by Disney in ROFR, contracts that passed, and contracts that are waiting in ROFR for a decision.

While ROFR is not unheard of in timeshare contracts, Disney is one of the few resorts that enforces it. It both gives them a source of points to resell in sold-out resorts and helps maintain the price point for DVC.

 

[sleepydog25]

What is ROFR...I've seen that on several posts.

As chip1 said, it is right of first refusal. That may not answer your question, though. ROFR is the process one must go through with Disney when buying a resale DVC contract. Once you agree on a price with the current owner, the contract must pass Disney's muster, and if they think the selling price is too low, then Disney will buy the contract. It's a source of much consternation for those involved in the process.

 

[Punkswife]

Congrats and Welcome Home. IMHO it is the best resort. We love it there!!!

 

[paults]

what price did you get by with ?

 

[keys2kingdom]

You might want to post your info over on the ROFR thread in the Planning forum.

 

[goldilocks_63]

Welcome Home....

Are you adding on at BCV? LOL

Goldi

 

[CindyTx]

what price did you get by with ?

$80/pt.

I really thought I was going to get booted from Disney at this price. YEA!

Did I do Ok?

I think 415 points of the 420 will be available in a couple months.

Thanks,

Cindy

 

[Credit Man]

Congratulations and Welcome Home, neighbor!!!

 

[NMW]

Congratulations!!

 

[T.E. Yeary]

Congratulations & Welcome Home!


HAPPY "MAGICAL" VACATIONING,
Tom & Staff


PS. Keep in close touch with your agent for those questions that come up between now & closing. That is their job to walk you through the ENTIRE process.

 

[sajetto]

Congrats and Welcome Home!

 

[pb4ugo]

Welcome home!

And many years of magical vacationing!