ROFR Thread April to June 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[ambrosatb]

ambrosatb---$122-$20320-160-AKV-Oct-0/20, 138/21, 320/22, 160/23- sent 5/19, passed 6/14

 

[Azndjdude]

ambrosatb---$122-$20320-160-AKV-Oct-0/20, 138/21, 320/22, 160/23- sent 5/19, passed 6/14

Wow is the ROFR moster simmering down?

 

[pianomanzano]

Wow is the ROFR moster simmering down?

Maybe putting it out there for bait to get more low offers it can swallow up!

 

[DonMacGregor]

I believe the issue is that there's one person who handles the buybacks and they were out with covid for a week or two.

Not arguing (doesn't matter to me either way), but I have to be really skeptical of that (and I definitely have read that people have been told this or led to believe it). There has to be zero chance a single person handles every ROFR buy back for Disney. That number has to be in the hundreds every month, just based on the number of buy backs posted by the forum sponsor alone. Plus, Sandi's took nine weeks to process. I could see someone falling behind and taking a couple or more weeks to catch up, but 9?

 

[Azndjdude]

Maybe putting it out there for bait to get more low offers it can swallow up!

That could be a reasonable reason.

 

[Stargazer65]

Not arguing (doesn't matter to me either way), but I have to be really skeptical of that (and I definitely have read that people have been told this or led to believe it). There has to be zero chance a single person handles every ROFR buy back for Disney. That number has to be in the hundreds every month, just based on the number of buy backs posted by the forum sponsor alone. Plus, Sandi's took nine weeks to process. I could see someone falling behind and taking a couple or more weeks to catch up, but 9?

They're buying so much, maybe they had to get a loan.

 

[LadybugsMum]

Not arguing (doesn't matter to me either way), but I have to be really skeptical of that (and I definitely have read that people have been told this or led to believe it). There has to be zero chance a single person handles every ROFR buy back for Disney. That number has to be in the hundreds every month, just based on the number of buy backs posted by the forum sponsor alone. Plus, Sandi's took nine weeks to process. I could see someone falling behind and taking a couple or more weeks to catch up, but 9?

More likely that hers fell through the cracks, but they have been buying up a lot of contracts so they could easily get backlogged.

 

[DonMacGregor]

More likely that hers fell through the cracks, but they have been buying up a lot of contracts so they could easily get backlogged.

176 last month reported by the forum sponsor alone.

 

[Sandisw]

Gentle reminder. Please do not mention you will be or even considering selling and any detail as like resort, etc. . Only general questions and thoughts can be shared. Even if you are listed with a broker already , we ask you not share that either as we do not allow For Sale and while that may not be the intent it can be viewed that way.

 

[Sandisw]

Not arguing (doesn't matter to me either way), but I have to be really skeptical of that (and I definitely have read that people have been told this or led to believe it). There has to be zero chance a single person handles every ROFR buy back for Disney. That number has to be in the hundreds every month, just based on the number of buy backs posted by the forum sponsor alone. Plus, Sandi's took nine weeks to process. I could see someone falling behind and taking a couple or more weeks to catch up, but 9?

From what was shared, the person was out for an extended time..like weeks..so nothing was processed..and why it took long. It was not taking that long s month prior to the reported family emergency.

Every document has a closing date so they process based on that as well. My date was May 21st. No rush to get closing to me because I if that.

And to be fair, the ROFR letter said that they don’t send documents any earlier than 7 to 10 days prior. So really, it was technically only 6 days behind the official timeline I was given in April.

So while I would have loved it earlier, it’s not like I expected it before May 11th at the earliest.

 

[cruella4me64]

cruella4me64---$152-$40234-250-BCV-Jun-0/21, 167/22, 250/23, 250/24- sent 5/19, passed 6/14

Thank you again to all the posters for your informative views!

 

[TonyCnLV]

TonyCnLV---$190-$5133-25-VGF-Mar-0/21, 0/22, 25/23, 25/24-Seller pays MF- sent 5/17, passed 6/14

 

[DonMacGregor]

From what was shared, the person was out for an extended time..like weeks..so nothing was processed..and why it took long. It was not taking that long s month prior to the reported family emergency.

Every document has a closing date so they process based on that as well. My date was May 21st. No rush to get closing to me because I if that.

And to be fair, the ROFR letter said that they don’t send documents any earlier than 7 to 10 days prior. So really, it was technically only 6 days behind the official timeline I was given in April.

So while I would have loved it earlier, it’s not like I expected it before May 11th at the earliest.

Totally understand. I'm just not buying that a single, solitary individual is responsible for EVERY ROFR contract bought back by Disney. I certainly could see a diminished staff facing some slow-down, but even under "normal" circumstances, you'd be relying on that one person to process paperwork for 3 or 4 sales every single day and possibly as many as 6 or 7 per day last month.

Any time a company with a $170B market cap tells you "there's only one person responsible for that process" red flags go up. It's a ploy insurance companies are notorious for doing all of the time. It's always on the end benefitting the customer as well, never the company. I'd bet you dollars to donuts that you'd never hear that ROFR has been completely suspended because "Bob is out this week with appendicitis".

Regardless, it's a good thing you weren't in any hurry for your particular contract payout, and that it worked out just fine for you.

 

[DonMacGregor]

TonyCnLV---$190-$5133-25-VGF-Mar-0/21, 0/22, 25/23, 25/24-Seller pays MF- sent 5/17, passed 6/14

cruella4me64---$152-$40234-250-BCV-Jun-0/21, 167/22, 250/23, 250/24- sent 5/19, passed 6/14

Thank you again to all the posters for your informative views!

Looks like Bob must be out sick! Congrats to you both!

(Just kidding about Bob, I hope he's doing well.)

 

[CaptainAmerica]

Random question... is this correct...?

My contract number per the DVC website doesn't match the DVC number on my deed. Does the contract number change when sold?

 

[Sandisw]

Totally understand. I'm just not buying that a single, solitary individual is responsible for EVERY ROFR contract bought back by Disney. I certainly could see a diminished staff facing some slow-down, but even under "normal" circumstances, you'd be relying on that one person to process paperwork for 3 or 4 sales every single day and possibly as many as 6 or 7 per day last month.

Any time a company with a $170B market cap tells you "there's only one person responsible for that process" red flags go up. It's a ploy insurance companies are notorious for doing all of the time. It's always on the end benefitting the customer as well, never the company. I'd bet you dollars to donuts that you'd never hear that ROFR has been completely suspended because "Bob is out this week with appendicitis".

Regardless, it's a good thing you weren't in any hurry for your particular contract payout, and that it worked out just fine for you.

I could see it as they may be in no rush to get it closed. Processing the documents probably doesn't actually take that long so having to do 6 to 7 a day isn't that much. But, I did want to at least share that the timeline, while long, was not that far out that what we were told when they bought back the contract. We had just hoped to see it close earlier as we had heard that most of the time it does, and both our broker and MA confirmed they usually try to get it done faster than that.

 

[Sandisw]

Random question... is this correct...?

My contract number per the DVC website doesn't match the DVC number on my deed. Does the contract number change when sold?

Yes, it can. If you are adding it to the same UY for other contracts you have. That is how they stay labeled .001, .002. For example, my RIV resale contract now ends in .007 and my VGF direct ends in .008 as those are the 7th and 8th contract I have had in my December UY...the first part is all the same. I have sold all the other contracts that I previously bought that had the .001 - .006 endings.

 

[CaptainAmerica]

Yes, it can. If you are adding it to the same UY for other contracts you have. That is how they stay labeled .001, .002. For example, my RIV resale contract now ends in .007 and my VGF direct ends in .008 as those are the 7th and 8th contract I have had in my December UY...the first part is all the same. I have sold all the other contracts that I previously bought that had the .001 - .006 endings.

My base number is completely different, not just the digits after the period.

 

[Sandisw]

My base number is completely different, not just the digits after the period.

My Aug UY is the same...the base number on the website is the same for both contracts...bought several years apart. So, my contracts...I have bought and sold a lot...have always been changed to my contract base number, regardless of what it was with the other owner since I am a different owner.

 

[DVCBeachBum]

Random question... is this correct...?

My contract number per the DVC website doesn't match the DVC number on my deed. Does the contract number change when sold?

I heard this yesterday in the DVC Fan podcast. DVC does issue a totally new contract number when it is sold. Its toward the end if you want to listen to the explanation