ROFR Thread Oct to Dec 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Paul Stupin]

Thank you - you as well. You were going for SSR as well I think? Our first was taken in August as well. We're living the same dream! haha

I do totally empathize with layoffs and what's going on...but at the end of the day these contracts are like: Name, Points, Use Year, Sale Price....it's not like we're waiting for a home inspection or other contingencies...these should be able to be processed quickly.

Just curious. If your first contract was taken in ROFR, and you’re waiting now on a second, is the price of your second still within the range that Disney might take again? Unless it’s a huge point contract, it seems to me that the savings just isn’t worth the extra time and anxiety.

 

[Paul Stupin]

The resale process being protracted & more complicated than buying from Disney direct is a potentially a very large factor for some buyers... not sure it’s in Disney’s interests to make ROFR, getting a membership number and then to have points placed in an account any speedier for the resales.

I agree. And with the recent layoffs, I fear the process will get even longer.

 

[kerrylacherry]

The resale process being protracted & more complicated than buying from Disney direct is a potentially a very large factor for some buyers... not sure it’s in Disney’s interests to make ROFR, getting a membership number and then to have points placed in an account any speedier for the resales.

Absolutely, I know I have lamented how much easier it would have been if I had bought direct... but then my bank account reminds me of the reason why I didn't - it's a vicious cycle of impatience and fiscal responsibility!

 

[My3kids1989]

I’m waiting to hear back on negotiations of a 200 pt contract and one of the brokers is horrible at responding. They must not work weekends or something. Meanwhile another one I’ve already receieved a counter on so I need to make a decision. I just want some finality to it. The one contract is less points and of course I want the one with more! Haha mostly because I’m tired of waiting and I don’t want to search for another contract and pay more closing fees etc. That does make sense right? They are just SSR SAPs.

 

[jbreen2010]

Just curious. If your first contract was taken in ROFR, and you’re waiting now on a second, is the price of your second still within the range that Disney might take again? Unless it’s a huge point contract, it seems to me that the savings just isn’t worth the extra time and anxiety.

Yes, I put the first offer in back on like July 2nd maybe - and it was for $94pp...which was well within the range of what was passing back in June/July. August 3rd it got taken by DVC via ROFR (I was one of the first to be taken when they started re-buying). Offers like these were passed through all summer.

Resubmitted another one on Aug 11th for $98pp, which seems within the range of some passes over the last month or so.

Going for 240 points, so probably saving about $14k or so by going resale vs direct. I also was not super interested with some of the perks in going direct.

I've seen passes right around our offer price go through over the past few weeks, so i'm not outside of a reasonable range...but when it's taking so long to hear back, its hard to predict reasonable range by the time your contract is reviewed.

 

[Gerbilsting]

I agree. And with the recent layoffs, I fear the process will get even longer.

Does anyone know how long they contractually have to answer the ROFR? If it got really bad, what happens if they go beyond that date?

 

[ScubaCat]

Does anyone know how long they contractually have to answer the ROFR? If it got really bad, what happens if they go beyond that date?

They have until the closing date on the contract.

 

[Lorana]

Does anyone know how long they contractually have to answer the ROFR? If it got really bad, what happens if they go beyond that date?

They have until the closing date on the contract.

They have a minimum of 30 days to reply to ROFR before a contract can closed, but legally they have up until the contract says it will closed. Essentially, if Disney has not replied by the closing date, they have waived their ROFR and closing can progress. In reality, none of the brokers and title companies want to proceed without an actual reply from Disney, which is why almost every broker sets the closing date anywhere from 60 to 120 days, to give plenty of time to receive the ROFR waiver and complete estoppel before closing.

 

[sugliac]

They have a minimum of 30 days to reply to ROFR before a contract can closed, but legally they have up until the contract says it will closed. Essentially, if Disney has not replied by the closing date, they have waived their ROFR and closing can progress. In reality, none of the brokers and title companies want to proceed without an actual reply from Disney, which is why almost every broker sets the closing date anywhere from 60 to 120 days, to give plenty of time to receive the ROFR waiver and complete estoppel before closing.

Thanks for that. Such a great explanation and I have always wondered why the timeline has been like this. This is my first resale contract, and I can certainly say the direct was... 80000x easier haha.

 

[mastersenton]

Yes, I put the first offer in back on like July 2nd maybe - and it was for $94pp...which was well within the range of what was passing back in June/July. August 3rd it got taken by DVC via ROFR (I was one of the first to be taken when they started re-buying). Offers like these were passed through all summer.

Resubmitted another one on Aug 11th for $98pp, which seems within the range of some passes over the last month or so.

Going for 240 points, so probably saving about $14k or so by going resale vs direct. I also was not super interested with some of the perks in going direct.

I've seen passes right around our offer price go through over the past few weeks, so i'm not outside of a reasonable range...but when it's taking so long to hear back, its hard to predict reasonable range by the time your contract is reviewed.

If it was Saratoga my offer was for $100pp and it was taken. I personally hated the waiting game and decided to buy direct...

 

[kennyoconnor7]

Good morning. We are in the process of purchasing a small contract for the Poly. We're waiting on the ROFR decision.

kennyoconnor7---$160-$8529-50-PVB-Dec-0/19, 100/20, 50/21- sent 10/1

 

[berti13]

berti13---$96-$16100-160-SSR-Feb-0/19, 0/20, 320/21, 160/22-seller paying 20 MFs- sent 9/8, taken 10/13

 

[The Jackal]

berti13---$96-$16100-160-SSR-Feb-0/19, 0/20, 320/21, 160/22-seller paying 20 MFs- sent 9/8, taken 10/13

Sorry to hear this but this contract is very enticing to DVC. With 0/19 and 0/20 with seller paying 20 MF’s. Even more with 20 banked into 21. Don’t be discouraged, DVC can’t buy them all. Good luck on the next one.

 

[berti13]

Sorry to hear this but this contract is very enticing to DVC. With 0/19 and 0/20 with seller paying 20 MF’s. Even more with 20 banked into 21. Don’t be discouraged, DVC can’t buy them all. Good luck on the next one.

I agree But, now I'm thinking about giving in and going direct for my first 100 pts. With a family of 5 who would get gold APs every other year 100 SSR SAPs would see a payback pretty quickly. Our kids are 12, 8 and 1 so we have lots of disney years left.

 

[Sandisw]

I agree But, now I'm thinking about giving in and going direct for my first 100 pts. With a family of 5 who would get gold APs every other year 100 SSR SAPs would see a payback pretty quickly. Our kids are 12, 8 and 1 so we have lots of disney years left.

Sorry you lost out. With SSR at $165 and it appearing under $100 right now isn’t cutting it with ROFR, for $6500, you are getting some good benefit with your family of 5!

Plus, since you can put in on a CC, some rewards will take that down some as well.

 

[lolcatparty]

First time buyer here and long time stalker. Excited to finally jump in.

lolcatparty---$100-$10684-100-AKV-Dec-0/19, 166/20, 100/21-Seller Pays 2020 MF- sent 10/13

 

[Friendinme]

Friendinme---$115-$25274-200-AKV-Oct-110/19, 200/20, 200/21, 200/22-Seller paying MF 20- sent 10/13

Our first offer. Wondering if I offered to high compared to other posts here?

 

[Friendinme]

First time buyer here and long time stalker. Excited to finally jump in.

lolcatparty---$100-$10684-100-AKV-Dec-0/19, 166/20, 100/21-Seller Pays 2020 MF- sent 10/13

Us too! Sending you some pixie dust!

 

[Lorana]

Friendinme---$115-$25274-200-AKV-Oct-110/19, 200/20, 200/21, 200/22-Seller paying MF 20- sent 10/13

Our first offer. Wondering if I offered to high compared to other posts here?

Are those 2019 points banked into 2020? Because if not, you'll have lost them. If so, that's not a bad price for being loaded and with seller paying MF.

 

[Friendinme]

Are those 2019 points banked into 2020? Because if not, you'll have lost them. If so, that's not a bad price for being loaded and with seller paying MF.

Sorry forgot to include the 110 points from 19 are banked. Thanks!