Anyone made it through (or not made it through) ROFR recently? - Section V

[ELMC]

Originally Posted by t0r0

Wow, ROFR on a 2057 contract...there goes the idea that the reason for the high # of OKW not passing was because Disney wants just the 2042's so they can turn around and resell with the extended contract date...

And we were ROFR'd on a $58 OKW 2042 contract, so I don't think there is a 'safety zone'; the guides must be giving folks OKW as the 3rd option if they shun on the price for BLT or AKV direct and people are taking it.

Great price on the AKV! Good luck!

I don't think that one 2057 ROFR is a large enough sample size to debunk an entire theory.

[Brian Noble]

there goes the idea that the reason for the high # of OKW not passing was because Disney wants just the 2042's so they can turn around and resell with the extended contract date...

And we were ROFR'd on a $58 OKW 2042 contract, so I don't think there is a 'safety zone'; the guides must be giving folks OKW as the 3rd option if they shun on the price for BLT or AKV direct and people are taking it.

I think it is a combination of these two. OKW is presumably being offered as the "recovery" option for a close-but-not-quite sale at a higher price-point resort, and that would explain the focused activity. If so, it may well have been chosen because many of the outstanding contracts are 2042, but if the deeds they need to keep "stocked" are sometimes 2054s, they'll take that too.

But, make no mistake, the large number of outstanding 2042 contracts represents a real problem for DVC. I'm sure they don't want to suddenly own a large fraction of an old resort that they must keep operating under the current terms for another dozen years.

[wdrl]

Originally Posted by ELMC

I don't think that one 2057 ROFR is a large enough sample size to debunk an entire theory.

There have been several extended 2057 OKW deeds that DVD has reacquired via the ROFR process. In December 2012, it appears that 8 deeds out of 27 OKW deeds that were ROFRed were extended by the original owners.

I use the word "appears" on purpose. DVD almost never files a record with Orange County Comptroller when an owner chooses to extend their points to 2057. Thus, when I follow the paper trail, the absence of a Quitclaim deed indicates that the owner extended their points to 2057. Of course, the lack of a Quitclaim deed might be due to a recordation error, name changes, etc. However, I have tracked enough deeds to feel confident that there are a number of ROFRed OKW deeds that have been extended to 2057.

[ELMC]

Originally Posted by wdrl

There have been several extended 2057 OKW deeds that DVD has reacquired via the ROFR process. In December 2012, it appears that 8 deeds out of 27 OKW deeds that were ROFRed were extended by the original owners.

I use the word "appears" on purpose. DVD almost never files a record with Orange County Comptroller when an owner chooses to extend their points to 2057. Thus, when I follow the paper trail, the absence of a Quitclaim deed indicates that the owner extended their points to 2057. Of course, the lack of a Quitclaim deed might be due to a recordation error, name changes, etc. However, I have tracked enough deeds to feel confident that there are a number of ROFRed OKW deeds that have been extended to 2057.

Maybe I was being a little flip. My point was that DVD wants OKW contracts for many reasons, none of which they have explicitly made public. My point was that the fact that they ROFR an extended contract does not necessarily negate the possibility that they are ROFRing 2042 contracts to deal with the extension problem.

[gavvy]

Hi
Had my offer accepted at BWV 210 points $57 per point no 2013 points all 2014 seller pays 2013 dues. Submitted for ROFR 1/10

[luv2sleep]

How do they decide? Seems pretty random.

[ELMC]

Originally Posted by luv2sleep

How do they decide? Seems pretty random.

It does seem random because DVD's ROFR policy has not been made public. So all we have is a theory formulated by compiling assumptions and inferences made from the data that is available. The general consensus is that the contributing factors have to deal with price (if it's too low) and whether or not DVD has buyers waiting for a particular UY at a particular resort. There has also been discussion about DVD's predicament with the split end dates at OKW which has something to do with the higher than average ROFR rates for that resort. Every once and awhile a lower priced contract will pass and a higher priced contract will get ROFR'd. It's hard to say if that is an anomaly or the exception that proves the rule.

[lville23]

When making an offer I think you have to factor in who is paying the fees when looking at the per point price. I notice on the first page of this thread that most the ROFR'd contracts for OKW detail that the seller is paying MF. Thus, with seller paying MFs the actual price per point is $5.34 less. So the $57 or $58 per point offer is actually only $51.66 or $52.66. Along with UY and que to buy direct it might explain why some lower per point contracts make it through and others are ROFR'd. Sitting here awaiting Disney's ROFR decision on a loaded 230 pt OKW contract and appreciate all the learnings I have had from this site and the data being shared!

[Jasonkat]

Just found out from Sharon at Fidelity that ROFR was waived on our contract.

VWL 200 pts
August UY
All 2011, 2012, 2013, 2014, etc points
$55 per point
Buyer pays closing and MFs

[GOOFY D]

Originally Posted by Jasonkat

Just found out from Sharon at Fidelity that ROFR was waived on our contract.

VWL 200 pts
August UY
All 2011, 2012, 2013, 2014, etc points
$55 per point
Buyer pays closing and MFs

Congrats!

[DannysMom]

Originally Posted by Jasonkat

Just found out from Sharon at Fidelity that ROFR was waived on our contract.

VWL 200 pts
August UY
All 2011, 2012, 2013, 2014, etc points
$55 per point
Buyer pays closing and MFs

Nice deal! Congrats!

Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!

[Breyean]

Here we go again.

Just had an offer accepted for 125 VGC points, June UY at $90 with buyer paying 2013 fees and closing. 79 banked 2012 points. All points going forward.

Having been ROFR'd twice in the past on VGC contracts I have to hope the third time's the charm.

[312BillB]

Originally Posted by 312BillB

My offer was sent for ROFR today on a 200 pt SSR contract @ $50 per point, full 2012 points available and beyond, Dec use year. Buyer pays closing and 2013 MF's.

Found out today that we passed ROFR! Excited to plan a 2013 trip, but may be a bit difficult with a current 2 month old. Probably be a low key trip just enjoying a couple of the resorts and maybe 1 day at the parks. Although, like most on here, my wife and I are the real kids when we go to disney

[luv2sleep]

Originally Posted by Breyean

Here we go again.

Just had an offer accepted for 125 VGC points, June UY at $90 with buyer paying 2013 fees and closing. 79 banked 2012 points. All points going forward.

Having been ROFR'd twice in the past on VGC contracts I have to hope the third time's the charm.

I'd like to buy about 130 points in a June UY at VGC. I'm pretty sure ill buy direct but still wonder about resale. How common is it for them to exercise their rights on VGC resales? Is it common? Or was your experience more unlucky than most?

[jenna9906]

Just received an email that Disney waived ROFR. 160 points at BCV for $70/point, Feb UY. We pay 2013's MF and closing. All 2012 points forward.