ROFR Thread April to June 2018 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[TexasChick123]

So jealous of everyone that passed ROFR so quickly. Coming up on two weeks tomorrow. Chances of it passing after that seem to go down.

I’m at 3 weeks today.

 

[Bambi19]

I’m at 3 weeks today.

I keep looking specifically for your post! It does seem like it's taking forever!

 

[bwvBound]

I’m at 3 weeks today.

Ditto above from @Bambi19, I keep checking back specifically for your post. Hoping the best for your contract.

 

[MTOB88]

Ditto above from @Bambi19, I keep checking back specifically for your post. Hoping the best for your contract.

Add me to the group as well.

 

[Jerry5788]

Add me to the group as well.

Same ha

 

[Drewferin]

Does Dinsey work 6 or 7 days a week doing ROFR? Since I'm new to this process I was surprised that we had people post the passes this weekend.

 

[TexasChick123]

I did speak with my broker who told me that it is with the ROFR review committee and has been since 4/2. Apparently, it takes 4-8 days after submission by the broker for it to actually be with the ROFR committee. It took a full week for mine to make it into this committee. When this happened last year with "sitting in committee for weeks", those contracts were taken. I'm not trying to be so pessimistic, but the outlook isn't good. Hopefully, they hurry up with their decision, and I hear back this week.

 

[Jerry5788]

I did speak with my broker who told me that it is with the ROFR review committee and has been since 4/2. Apparently, it takes 4-8 days after submission by the broker for it to actually be with the ROFR committee. It took a full week for mine to make it into this committee. When this happened last year with "sitting in committee for weeks", those contracts were taken. I'm not trying to be so pessimistic, but the outlook isn't good. Hopefully, they hurry up with their decision, and I hear back this week.

Annoying when they take so long when you could be looking at other contracts

 

[Lola_Stark42]

That’s interesting. Makes me wonder how some of the contracts that were waived in 1-2 weeks made it through so fast.

 

[JV63]

Annoying when they take so long when you could be looking at other contracts

Yup, our last one took the full 30 days just to be taken and we were watching some others that we were interested in but they ended up getting sold a few days before we got the decision that ours was taken. Timing is everything.

Just worked out a deal for a new one today so we'll see when this one goes down how it goes. Hope to have it sent down to Disney by end of week. I'll post the string when it gets sent but it's no points until '19, Oct UY and can't close until August. We even paid up a little more than we wanted to see if that will help. Which is all fine with us so I'm hoping that's not too attractive to Disney.

 

[PlaneCrazy]

I did speak with my broker who told me that it is with the ROFR review committee and has been since 4/2. Apparently, it takes 4-8 days after submission by the broker for it to actually be with the ROFR committee. It took a full week for mine to make it into this committee. When this happened last year with "sitting in committee for weeks", those contracts were taken. I'm not trying to be so pessimistic, but the outlook isn't good. Hopefully, they hurry up with their decision, and I hear back this week.

I wonder if the ROFR committee is also aware of the number of direct points people are on waiting lists for and if that is taken into consideration when they are making a decision?

 

[Erika Ambourn]

Erika Ambourn---$92-$18022-185-SSR-Mar-0/17, 160/18, 185/19, 185/20- sent 3/28

Patiently waiting to hear from ROFR. Been checking email several times an hour

 

[Gryhndmom]

I wonder if the ROFR committee is also aware of the number of direct points people are on waiting lists for and if that is taken into consideration when they are making a decision?

I have wondered this too. A couple years ago we were on the waiting list for BLT and got a call they had points almost exactly the time we were bidding on a resale contract. (We told the sales guy at dvc we weren’t interested anymore). Could be a coincidence we got a call as we were bidding....

 

[Calculator]

Erika Ambourn---$92-$18022-185-SSR-Mar-0/17, 160/18, 185/19, 185/20- sent 3/28

Patiently waiting to hear from ROFR. Been checking email several times an hour

My SSR contract was sent 31/3 and I'm refreshing my email a couple of times a day.

The last one (AKV) that disney took off me at ROFR stage was taken dead on 3 weeks and it seems to be heading that way again.

 

[TexasChick123]

My SSR contract was sent 31/3 and I'm refreshing my email a couple of times a day.

The last one (AKV) that disney took off me at ROFR stage was taken dead on 3 weeks and it seems to be heading that way again.

Erika Ambourn---$92-$18022-185-SSR-Mar-0/17, 160/18, 185/19, 185/20- sent 3/28

Patiently waiting to hear from ROFR. Been checking email several times an hour

Interesting that all of us are SSR contracts that are still waiting. That can't be good...

 

[BethuneBoys]

Best of luck on joining the BLT family!

Wow! I passed! Wasn’t expecting to hear back so quickly...

BethuneBoys---$125-$30700-240-BLT-Feb-0/17, 0/18, 240/19, 240/20- sent 4/4, passed 4/16

 

[DisneynBison]

So take this for what its worth which is about nothing from some schmuck on the internet that maybe is looking at the deed records completely wrong. Now I understand there are many many variables I broke more down that I won't go into here (transfers with same name on both buyer and seller).

I looked back at a few 10 day periods, 1 about a year ago, 1 in Nov, 1 in Dec and then a few 10 day periods here in Mar and Apr

One thing jumped out that made me go hmmmmm

That is the percentage of the deeds sold by Disney Vacation Club for AKL (the number of contracts total by all entities was fairly consitent).

period year ago Disney sold 17% of the contracts sold
Nov period Disney sold 5% of the contracts sold
Dec period Disney sold 7% of the contracts sold
mid march Disney sold 17% of the contracts sold
end march Disney sold 10% of the contracts sold
April 10 day Disney sold 49% of the contracts sold (and the total number sold was right at the average)

 

[TexasChick123]

That’s interesting. Makes me wonder how some of the contracts that were waived in 1-2 weeks made it through so fast.

I would guess because they go to committee within 4 days, and they are waived immediately. I strongly believe that there are 3 piles the contracts fall into:

1) Hard Pass (doesn't have the right price, UY, resort, unit number, etc. for what they are targeting)
2) Maybe/needs further review
3) Kiss it goodbye, and thank you for negotiating this deal for us!

Category 1's hear back quickly. Category 2's take a little bit longer. Categories 3 take the longest because it involves another level of scrutiny any time money is involved. Just my tinfoil hat theory.

 

[Lola_Stark42]

Makes as much sense as any other guesses to the process. Like I’ve said, it feels like the trend recently is the longer it takes, the higher chance that Disney will take it.
Gonna go back to shaking my fist at my email.

 

[Gryhndmom]

Wow! I passed! Wasn’t expecting to hear back so quickly...

BethuneBoys---$125-$30700-240-BLT-Feb-0/17, 0/18, 240/19, 240/20- sent 4/4, passed 4/16

Congrats! You will love BLT!