ROFR Thread Jan to March 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Simba06]

Simba06---$130-$10613-75-CCV@WL-Sep-21/22, 113/23, 75/24- sent 3/16, passed 3/23 So excited! I am glad I am buying during this time. I can’t imagine waiting the usual 4-6 weeks for that!!

 

[JenniLuvsDisneyWorld]

JenLuvsDisneyWorld---$100-$4650-40-AKV-Jun-0/22, 20/23, 40/24- sent 3/23

So excited! I hope RoFR continues to move quickly! The suspense is killing me even though it seems almost guaranteed to pass!

 

[GrumpyInPhilly]

I got an email this morning from a bottom feeder timeshare resale company telling me I could buy a mostly stripped SSR contract for $85/pt. That’s the offer price from the seller.

Based on fully loaded SSR contracts selling for $80, I'd offer no more than $70.

 

[GrumpyInPhilly]

I made 11+ offers and was rejected on all but two, the deals are out there but very few and far between and will require lots of offers and lots of patience.

0 for 5 here but time I have.

 

[CrystalClear82]

CrystalClear82---$100-$3475-25-AUL-Feb-8/22, 25/23, 25/24, 25/25- sent 3/16, passed 3/23
CrystalClear82---$89-$3114-25-OKW-Mar-0/22, 50/23, 25/24, 25/25- sent ?

 

[gobears157]

Update:

Gobears157---$87-$23438-230-AUL-Apr-0/22, 230/23, 230/24, 230/25- sent 3/2, passed 3/15

Still waiting for First American Title to actually start the closing process (they finally replied and told me they've just created a file, and mentioned estimated closing will be 6/1, which is more than the 45-60 days they also mentioned as an expectation). Not impressed with FirstAm thus far...

 

[Epcot Forever Forever]

Based on fully loaded SSR contracts selling for $80, I'd offer no more than $70.

I’m not doing business with that shady organization but I bet they’d take $75.

 

[eMoneyBug]

LittleBitGoofy---$120-$26363-200-BCV-Oct-400/22, 200/23, 200/24- sent 3/16- passed 3/23

PASSED! Our first contract and points. Very excited and really appreciate all the info and support we've found here. This group is a knowledge gold mine!

MOST BEAUTIFUL Beach Club I've seen

 

[sndral]

Now that I have passed…. How long does it take from the time you close to the time points are in your account?

My closing will probably be next week. Just wanted to get started on booking a trip

Hop on over to this thread & read the last couple of pages to get a sense of how long MA is currently taking to get the contract set up w/ a new membership or showing in an existing membership & then how long after they load the points.
https://www.disboards.com/threads/closing-time.3836891/page-159

 

[LittleBitGoofy]

MOST BEAUTIFUL Beach Club I've seen

Thank you! This is our first contract and it was our first attempt at an offer which I admit was aggressive but sellers accepted in two hours and a week later here we are. I thought, "Wow, this is easy!" but the more I read I think we got really lucky with our Sellers, the timing, and this overall ROFR current environment. Lots of blessings!

Next step, I want to try and sell off the bonus 200 pts from 2021 we can't bank/use before Sept 30th and then reduce our basis effectively down closer to 105/pt. It might work! Then we're planning two awesome trips for October and April. Very excited!

 

[Cleeevus]

Update:

Gobears157---$87-$23438-230-AUL-Apr-0/22, 230/23, 230/24, 230/25- sent 3/2, passed 3/15

Still waiting for First American Title to actually start the closing process (they finally replied and told me they've just created a file, and mentioned estimated closing will be 6/1, which is more than the 45-60 days they also mentioned as an expectation). Not impressed with FirstAm thus far...

I have an AUL deal closing with them this week. They did not send the email with the closing docs until the actual week of closing, and told me it would be a 1-2 week delay to use Docusign electronic signature (for the non notarized stuff) due to staff shortages! I’ve closed a few deals with them and this is by far the worst one yet.

 

[GoBills]

Update
GoBills---$115-$34276-270-AKV-Dec-270/22, 270/23, 270/24- sent 3/16, passed 3/23

Happy to be through this step, and can’t wait to close and book my first trip as an owner

 

[Jenglish13]

Farmermax13—-$136pp-$51000-375-BLT-Dec 223/22, 375/23, 375/24- sent 3/23

Went under contract on 3/13 passed ROFR on 3/22

Feel like I over paid now

For context, I bought 270 points almost a year ago for $152 per point and was over the moon when it passed rofr. Disney was consistently buying BLT back at the time in the high $160s and even into the $180s I think. I don't think you overpaid at all. Look at how much you saved vs direct or vs rack rate for these rooms or even vs renting at $20 per point.

 

[Paul Stupin]

Narrator: We interrupt this thread for a moment of reflection.

Just as the run-up led to a lot of irrational exuberance on "prices will never fall and I can always rent so I will always make money!", the current market environment is creating a lot of froth as well. Everyone sees the newest low-water-mark, and suddenly assumes that every single seller is going to have to take that price, or even something lower. The ROFR thread has always had an element of one-upsmanship (or maybe downsmanship) but you can feel it gaining more momentum nearly every day.

It's easy to get caught up in the frenzy and decide you need to get an agreement no higher than the very best price reported, and even that is only "okay". And if you can't get that, there is no deal.

Don't get me wrong, that's totally fine! If that's what you want to do, there is no reason not to. But if the most important goal is to buy more points at a particular resort in a particular UY (or set of resorts/UYs) it might be worth a few extra dollars to get agreement and get it over with, because your time is worth money too.

Before any one accuses me of being a shill: No I don't work for a broker, and no I am not (nor will I be) selling DVC points. I have nothing to gain by any particular sales price. This is just how I tend to do things.

The last time we moved, we priced the house we were selling a little lower than the agent thought he could get, because moving was more important than getting the last thousand dollars. We offered a bit above asking for the house we were buying, because it had just come on the market and we expected there to be competition.

There was competition, but we go the house we wanted, and we sold the one we had quickly. That removed a lot of anxiety and that was worth the money we "lost".

All good points. Also, everyone is just assuming ROFR will not be a factor. Big mistake! It could return any time.
Also, for me, putting out 10-20 offers sounds kind of exhausting, but that’s just me.

 

[sleepymouse]

Update:

Gobears157---$87-$23438-230-AUL-Apr-0/22, 230/23, 230/24, 230/25- sent 3/2, passed 3/15

Still waiting for First American Title to actually start the closing process (they finally replied and told me they've just created a file, and mentioned estimated closing will be 6/1, which is more than the 45-60 days they also mentioned as an expectation). Not impressed with FirstAm thus far...

I am also purchasing AUL. I passed ROFR on 2/21 and finally got documents on 3/6. I am still waiting for my sale to close. The seller's notary made a mistake last week so that needs to be corrected. Who knows how long that will be. According to the contract I signed when offer was made, this must close by 4/6. If nothing else, I expect it to be done within 2 weeks. Ugh. At least my 11-month booking window won't open until May.

 

[pianomanzano]

All good points. Also, everyone is just assuming ROFR will not be a factor. Big mistake! It could return any time.
Also, for me, putting out 10-20 offers sounds kind of exhausting, but that’s just me.

I think it'll be long awhile before the ROFR monster returns. They're sitting on 230k points of AKL and SSR from all their ROFRs last year. Plus they have 3 resorts to sell out, another new one coming online, and a push to cut costs from corporate. Especially with dismal direct sales, my money is on them not buying contracts for awhile.

 

[RichDVC]

Hi all. Newbie from the UK and just had my first contract go to Disney for ROFR.

RichDVC---$135-$17710-120-PVB-Jun-0/22, 188/23, 19/24- sent 3/23

Think I did OK?

Bit of a pain they borrowed 101 from 2024 into 2023, but assume I can bank the 87 coming in 2023 into 2024?

 

[AnnaKristoff2013]

Yes. I just add to the section that has comments. And if they don’t then I tell the broker when I call or text to let them know that’s part of my offer. Just that after 24 hours my offer is withdrawn.

This way I can move on since I won’t offer on more than one at a time.

Thanks, I think I’m going to adopt this strategy.

 

[AnnaKristoff2013]

Now that I have passed…. How long does it take from the time you close to the time points are in your account?

My closing will probably be next week. Just wanted to get started on booking a trip

The spread seems to be 1 to 3 weeks right now. I had two contracts close literally a day apart, and one showed up on my membership 1 week later while the other showed up on my membership 3 weeks later.

 

[AnnaKristoff2013]

Based on fully loaded SSR contracts selling for $80, I'd offer no more than $70.

The $80 is still an outlier, not the mean. I wouldn’t buy a stripped contract for other reasons, but $85 pp isn’t objectively unreasonable given the prices we’ve been seeing.