OKW and ROFR - Page 2 - The DIS Discussion Forums

myxdvz · 12-10-2012, 02:44 AM

I finally made an offer on a contract I saw. It's 150 pts at OKW.

Hoping that it goes thru!!!

mom_rules · 12-18-2012, 10:30 AM

Might seem like a dumb question but I'm new at this.

Lets say someone wanted to buy points for OKW direct from Disney. The perfect contract comes up on resale for less $ than buying direct.

Does Disney go-hey I have a home for that contract- direct, exercise their ROFR and then sell that contract to whom ever is next on their waiting list?

myxdvz · 12-18-2012, 12:22 PM

I'm not really sure if there's any logical rhyme and/or reason for what passes/fails ROFR.

I'm just hoping I do!

WILDERNESS FAN 55 · 12-18-2012, 12:39 PM

Quote:

Originally Posted by mom_rules

Might seem like a dumb question but I'm new at this.

Lets say someone wanted to buy points for OKW direct from Disney. The perfect contract comes up on resale for less $ than buying direct.

Does Disney go-hey I have a home for that contract- direct, exercise their ROFR and then sell that contract to whom ever is next on their waiting list?

As good of a theory as any I've heard !!

Missyrose · 12-18-2012, 01:19 PM

Quote:

Originally Posted by mom_rules

Might seem like a dumb question but I'm new at this.

Lets say someone wanted to buy points for OKW direct from Disney. The perfect contract comes up on resale for less $ than buying direct.

Does Disney go-hey I have a home for that contract- direct, exercise their ROFR and then sell that contract to whom ever is next on their waiting list?

Pretty much. The sales data shows that OKW continues to be Disney's best selling resort. So if there are people waiting for direct contracts that have specific UYs requested, Disney is likely to fill those orders either through contracts that are turned in/foreclosed upon or via ROFR. They prefer the former because it costs them next to nothing for the points, but ROFR will work in a pinch.

The other wrinkle is the issue of the extended OKW contracts. The extension was such a bust with members, but some did pay for the added years. So Disney is buying up contracts that end in 2042 and selling them as contracts that end in 2057 so there will be enough owners to keep the resort running past 2042.

GoofyJ · 12-22-2012, 08:01 PM

Disney just pulled our OKW Aug 150 point contract.

Well time to start over

DougEMG · 12-22-2012, 08:14 PM

Quote:

Originally Posted by GoofyJ

Disney just pulled our OKW Aug 150 point contract.

Well time to start over

Sorry to hear that, it does take a bit of luck to get an OKW contract through ROFR these days.

myxdvz · 12-22-2012, 09:22 PM

Quote:

Originally Posted by GoofyJ

Disney just pulled our OKW Aug 150 point contract.

Well time to start over

Mine is about the same except UY. Still waiting... I'm on pins and needles here!!!!

mditkof · 12-23-2012, 01:09 PM

Quote:

Originally Posted by ELMC

I would like to point out again that, in the absence of any definitive reasons as to why contracts get ROFR'd, paying extra per point as insurance to pass ROFR is not money well spent. If it makes you feel better then that's great, but just know that you are more than likely paying $5 more a point to feel better, and not to give your contract any greater chance of passing.

After getting 2 OKW contracts through ROFR, and then losing a third one all at $56 per point, I thought long and hard about increasing the price to get it done. After talking with 2 brokers concerning what they are seeing, I decided to go at $58 per point for this round. This is real close to what the brokers' recent experience at passing. Although anything is possible, I like to play the odds.

Marty

WILDERNESS FAN 55 · 12-23-2012, 01:30 PM

Quote:

Originally Posted by mditkof

After getting 2 OKW contracts through ROFR, and then losing a third one all at $56 per point, I thought long and hard about increasing the price to get it done. After talking with 2 brokers concerning what they are seeing, I decided to go at $58 per point for this round. This is real close to what the brokers' recent experience at passing. Although anything is possible, I like to play the odds.

Marty

I believe that is good strategy . Dispite others saying different It's worth it to pay a little more for what is believed to be a better chance of landing the contract.Even if it's just in your own head .If you get it it will be $$ well spent

myxdvz · 01-08-2013, 10:33 AM

My contract enters its 3rd week at ROFR.

I am losing hope!!!!

lawrenceFletcher · 01-09-2013, 10:53 AM

I stayed at OKW in spring. I tried to find the right contract. 6 months ago I passed ROFR at $55 for 160 points at AKL and stayed there at Christmas. I felt they would have accepted at $50 but I did not think it would pass ROFR. I would have been just as happy with OKW but now I have what I consider to be a better expiration date. Look at other resorts - you might me just as happy with a good deal elsewhere.

ELMC · 01-09-2013, 11:44 AM

Quote:

Originally Posted by myxdvz

My contract enters its 3rd week at ROFR.

I am losing hope!!!!

Just the opposite. Recent history suggests that if Disney is going to ROFR a contract they do so quickly, usually in the second week but sometimes even sooner. The old axiom "no news is good news" certainly applies here. Good luck!

myxdvz · 01-09-2013, 04:25 PM

Quote:

Originally Posted by ELMC

Just the opposite. Recent history suggests that if Disney is going to ROFR a contract they do so quickly, usually in the second week but sometimes even sooner. The old axiom "no news is good news" certainly applies here. Good luck!

Thanks! I also saw from the ROFR thread that its taking them 25-28 days lately. Maybe it was the holidays!

So, I'm STILL hoping!!!!

myxdvz · 01-10-2013, 01:06 PM

Quote:

Originally Posted by myxdvz

Thanks! I also saw from the ROFR thread that its taking them 25-28 days lately. Maybe it was the holidays!

So, I'm STILL hoping!!!!

Hope has ended

I heard today - they're exercising their ROFR.

It's for 150 OKW at $50/pt Oct 2012 UY, 2012 pts and beyond available.

*sigh* Time to start over!

12-10-2012, 02:44 AM	#16
myxdvz DVC - BLT Join Date: Aug 2010 Location: Chicago, IL Posts: 501	I finally made an offer on a contract I saw. It's 150 pts at OKW. Hoping that it goes thru!!! __________________ Kids: W(1), X (8), Y(6), Z(4) Dec 2006 - X DLR / May 2010 - XY WDW, ASMo / March 2011 - XYZ DVC/DCL (AKV, Dream, OKW, Hilton) / Jan 2012 - XYZ DLR, PPH, VGC / June 2013 - WXYZ WDW, BCV/BWV / Nov 2013 - WXYZ WDW/BLT/AKV, DCL/Magic / April 2014 WDW/BLT

12-18-2012, 10:30 AM	#17
mom_rules LOVES the Yachtsmen! HATES snakes!!! Join Date: Aug 2002 Location: Great White North Posts: 5,344	Might seem like a dumb question but I'm new at this. Lets say someone wanted to buy points for OKW direct from Disney. The perfect contract comes up on resale for less $ than buying direct. Does Disney go-hey I have a home for that contract- direct, exercise their ROFR and then sell that contract to whom ever is next on their waiting list? __________________ Beach Club/Pop Oct 2007 Hyatt/Magic May 2007 Transatlantic Beach Club/Wonder/Yacht Club Dec 05 Beach Club concierge/Wonder Mar '05 Boardwalk Inn Concierge Oct 2004 Carribean Beach Resort Oct 2004 Yacht Club Concierge April 2004 All Star Music April 2004 Grand Californian Concierge-Disneyland September 2003 Beach Club May 2003 Beach Club May 2001 Coronado Springs May 1999 Carribean May 1996 Offsite October 1987 [SIGPIC][/SIGPIC]

12-18-2012, 12:22 PM	#18
myxdvz DVC - BLT Join Date: Aug 2010 Location: Chicago, IL Posts: 501	I'm not really sure if there's any logical rhyme and/or reason for what passes/fails ROFR. I'm just hoping I do! __________________ Kids: W(1), X (8), Y(6), Z(4) Dec 2006 - X DLR / May 2010 - XY WDW, ASMo / March 2011 - XYZ DVC/DCL (AKV, Dream, OKW, Hilton) / Jan 2012 - XYZ DLR, PPH, VGC / June 2013 - WXYZ WDW, BCV/BWV / Nov 2013 - WXYZ WDW/BLT/AKV, DCL/Magic / April 2014 WDW/BLT

12-22-2012, 08:01 PM	#21
GoofyJ Earning My Ears Join Date: Mar 2011 Location: Elk Grove Village, Il Posts: 39	OKW $50 pulled by Disney Disney just pulled our OKW Aug 150 point contract. Well time to start over

01-08-2013, 10:33 AM	#26
myxdvz DVC - BLT Join Date: Aug 2010 Location: Chicago, IL Posts: 501	My contract enters its 3rd week at ROFR. I am losing hope!!!! __________________ Kids: W(1), X (8), Y(6), Z(4) Dec 2006 - X DLR / May 2010 - XY WDW, ASMo / March 2011 - XYZ DVC/DCL (AKV, Dream, OKW, Hilton) / Jan 2012 - XYZ DLR, PPH, VGC / June 2013 - WXYZ WDW, BCV/BWV / Nov 2013 - WXYZ WDW/BLT/AKV, DCL/Magic / April 2014 WDW/BLT

01-09-2013, 10:53 AM	#27
lawrenceFletcher No longer renting points Join Date: Aug 2012 Location: 'north coast' Posts: 28	Akl I stayed at OKW in spring. I tried to find the right contract. 6 months ago I passed ROFR at $55 for 160 points at AKL and stayed there at Christmas. I felt they would have accepted at $50 but I did not think it would pass ROFR. I would have been just as happy with OKW but now I have what I consider to be a better expiration date. Look at other resorts - you might me just as happy with a good deal elsewhere. __________________ I just wanted to say-when I was a kid I saw you recite Hamlet while jumping your motorbike through a flaming hoop it made me feel like I could do anything. Thank you

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