ROFR Thread April to June 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[ILoveMyDVC]

My over the moon happy contract

ILoveMyDVC---$118-$65857-520-OKW(E)-Aug-0/19, 520/20, 1040/21, 520/22- sent 4/20

I already have a trip booked in July with current OKW points. Does anyone know if this closes in time, can I switch to using the just-about-to expire points on this contract instead by calling MS?
I'd hate to lose 520 points...they expire July 31st. It will be so close.

 

[Sandisw]

Www.DVCsales.com

Due to a perfect storm of circumstances getting my closing documents (emailed version went into spam folder, paper version was delivered to my neighbor's house who was out of town on vacation, title company sent me the seller's documents and sent the seller the buyer's documents), the process to close is going to take a lot longer than planned. The impact is we are going to reach the 7 month booking window ahead of my planned trip and availability is going to likely evaporate before I can use the points. I'm considering asking the seller to make a reservation in my name before continuing towards closing. Has anyone ever done this? Do reservations transfer membership accounts when the contract closes, or does DVC cancel any existing reservations upon sale?

Can not close with a reservation.

 

[Nie0214]

I’m looking for an OCT BLT contract around 100 points.... just saying
I hear you about OCT UY but now we’re all in

We’re under contract for selling already, it’s just in ROFR.

 

[princesscinderella]

WHen is the typical high/low inventory and can we use the typicals anyway post COVID?

I haven’t monitored the resale too closely over the years but since the beginning of the year when we decided to purchase a BLT contract the inventory has drastically declined. So much so for my FEB UY there’s only 37 contracts for all of the DVC resorts on the market from the top selling sites.

 

[VdoesDisney]

We’re under contract for selling already, it’s just in ROFR.

Ah got it, good luck!!

 

[Amyeliza]

I’m looking for an OCT BLT contract around 100 points.... just saying
I hear you about OCT UY but now we’re all in

I decided to make my life more complex with a December and June UY.

 

[nangosix]

Due to a perfect storm of circumstances getting my closing documents (emailed version went into spam folder, paper version was delivered to my neighbor's house who was out of town on vacation, title company sent me the seller's documents and sent the seller the buyer's documents), the process to close is going to take a lot longer than planned. The impact is we are going to reach the 7 month booking window ahead of my planned trip and availability is going to likely evaporate before I can use the points. I'm considering asking the seller to make a reservation in my name before continuing towards closing. Has anyone ever done this? Do reservations transfer membership accounts when the contract closes, or does DVC cancel any existing reservations upon sale?

You can’t close with an existing reservation.

 

[ILoveMyDVC]

On the Happy side of the street __With so few contracts available for sale right now - ROFR should go quickly.

 

[Paul Stupin]

I haven’t monitored the resale too closely over the years but since the beginning of the year when we decided to purchase a BLT contract the inventory has drastically declined. So much so for my FEB UY there’s only 37 contracts for all of the DVC resorts on the market from the top selling sites.

I’d bet there are even less for my March UY. I think we’ve all been somewhat spoiled by the sheer availability of contracts this last year, and the lower prices that came with that. Personally, I think we might have to recalibrate what we’re willing to pay going forward.

 

[princesscinderella]

I’d bet there are even less for my March UY. I think we’ve all been somewhat spoiled by the sheer availability of contracts this last year, and the lower prices that came with that. Personally, I think we might have to recalibrate what we’re willing to pay going forward.

You are correct March only has 20 contracts across all resorts.

 

[HIRyeDVC]

I’d bet there are even less for my March UY. I think we’ve all been somewhat spoiled by the sheer availability of contracts this last year, and the lower prices that came with that. Personally, I think we might have to recalibrate what we’re willing to pay going forward.

I agree! I wish I got to choose another use year other than March when I bought direct. Almost impossible to find March UY resale contracts for any resort

 

[DisneyMom_3]

When a contract passes/fails ROFR does the buyer get notified by an email from the broker or the title agency?

I’ve had two taken and one pass. My broker called and gave me the bad news on my first contract that was taken. I received an email and the broker called later on my second one. When my contract passed, the title agency emailed me first, but the broker emailed me a little later in the day also.
All 3 contracts were with different brokers and 2 different title companies though.

 

[Paul Stupin]

I agree! I wish I got to choose another use year other than March when I bought direct. Almost impossible to find March UY resale contracts for any resort

For us, March is a good UY, but it is indeed monumentally scarce! I snapped up two Aulani contracts this past week, and in spite of the price being almost 20% higher than what I paid last year, I’m glad I did. Who knows when any more will pop up?
Looking on the bright side, at least our points are now worth more! And even though there are less buyers for March, I think the scarcity of March UY points enhances their value.

 

[MegMoves]

Please pull me off the ledge, did I overpay on this ?

You're way lower than my $140 pp offer. (I was REALLY hoping that my full price offer would get DVD to not claim ROFR.). Still waiting. Good luck to both of us!

 

[VdoesDisney]

Now that my contract passed I really need some advice regarding my 2020 points, we have 139 points and our banking window closes 5/31, it is VERY unlikely we will have points loaded by then. So here is the question:
- If I have the sellers bank the points now into the 2021 UY will that affect our transfer or closing?
- if they bank them and we decide to go on a trip this September (which we would love to do if there is availability) can I use up to 50% of my 2021 points borrowed into 2020? (I don’t know if there is a weird rule where you can’t borrow after banking)
- Any chance Disney will make an exception on the banking window if we end up with points showing up in early June?

What would you guys do?

 

[KAT4DISNEY]

Now that my contract passed I really need some advice regarding my 2020 points, we have 139 points and our banking window closes 5/31, it is VERY unlikely we will have points loaded by then. So here is the question:
- If I have the sellers bank the points now into the 2021 UY will that affect our transfer or closing?
- if they bank them and we decide to go on a trip this September (which we would love to do if there is availability) can I use up to 50% of my 2021 points borrowed into 2020? (I don’t know if there is a weird rule where you can’t borrow after banking)
- Any chance Disney will make an exception on the banking window if we end up with points showing up in early June?

What would you guys do?

You need to contact your broker about this.

 

[HIRyeDVC]

Now that my contract passed I really need some advice regarding my 2020 points, we have 139 points and our banking window closes 5/31, it is VERY unlikely we will have points loaded by then. So here is the question:
- If I have the sellers bank the points now into the 2021 UY will that affect our transfer or closing?
- if they bank them and we decide to go on a trip this September (which we would love to do if there is availability) can I use up to 50% of my 2021 points borrowed into 2020? (I don’t know if there is a weird rule where you can’t borrow after banking)
- Any chance Disney will make an exception on the banking window if we end up with points showing up in early June?

What would you guys do?

You should ask your broker about banking the points and its implications to closing. I would take that vacation in September and if you don't, just rent the points out.

 

[Jmazzuca243]

Now that my contract passed I really need some advice regarding my 2020 points, we have 139 points and our banking window closes 5/31, it is VERY unlikely we will have points loaded by then. So here is the question:
- If I have the sellers bank the points now into the 2021 UY will that affect our transfer or closing?
- if they bank them and we decide to go on a trip this September (which we would love to do if there is availability) can I use up to 50% of my 2021 points borrowed into 2020? (I don’t know if there is a weird rule where you can’t borrow after banking)
- Any chance Disney will make an exception on the banking window if we end up with points showing up in early June?

What would you guys do?

You will probably have points in 45 days (2-3 weeks for estoppel, 2 weeks till closing, 2 weeks account created). The problem is if things take any longer you will miss your banking opportunity. I recommend asking your broker to talk with the owners about banking the points. You will probably sign an addendum (since the points did shift), and they can take care of the rest.

Disney wont make any exceptions to the banking window even if you get points 1 day late.

 

[HIRyeDVC]

For us, March is a good UY, but it is indeed monumentally scarce! I snapped up two Aulani contracts this past week, and in spite of the price being almost 20% higher than what I paid last year, I’m glad I did. Who knows when any more will pop up?
Looking on the bright side, at least our points are now worth more! And even though there are less buyers for March, I think the scarcity of March UY points enhances their value.

I hear ya. I saw a March BLT contract and just jumped on it as fast as I could. It was like finding a golden easter egg! Did you by chance buy the Aulani subsidized dues contract that was selling for $150pp?

 

[Paul Stupin]

Now that my contract passed I really need some advice regarding my 2020 points, we have 139 points and our banking window closes 5/31, it is VERY unlikely we will have points loaded by then. So here is the question:
- If I have the sellers bank the points now into the 2021 UY will that affect our transfer or closing?
- if they bank them and we decide to go on a trip this September (which we would love to do if there is availability) can I use up to 50% of my 2021 points borrowed into 2020? (I don’t know if there is a weird rule where you can’t borrow after banking)
- Any chance Disney will make an exception on the banking window if we end up with points showing up in early June?

What would you guys do?

1. Several times this past year, I’ve requested the sellers to bank points after ROFR and prior to closing, and never had any problems. Did not affect closing in any way. Your broker can make the request to the seller.

2. There is a rule. You cannot borrow banked points.

3. Though it’s not exactly the same situation, Disney did make an exception for a contract I bought. The contract was a loaded March UY CCV, with the closing in December of 2020, a month past the October 31 banking deadline. Prior to closing, in early December, at my request the sellers asked Disney to bank all 120 2020 points. I figured it couldn’t hurt to try, and Disney agreed to the request! Maybe they are no longer quite as flexible with the rules as they were last year, though. So it is possible that Disney will make an exception, but I wouldn’t count on it.