ROFR Thread Oct to Dec 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[DKZB]

But DVD amended the POS and the ground lease without getting approval from the owners first.

So, the question will be do they have to pay anything other than dues for the 15 years? Obviously an owner won’t be allowed to use without paying those, but can they legally suspend the account for not paying a fee for the extension?

I think that is going to be a tough one for DVD since the change to the POS, without the quitclaim signed, from the way I understand it is that those owners now have use until 2057.

It’s why nothing like that will happen again because it’s too messy.

that’s for sure. I would’ve loved to be a fly one the wall in the board room as this epic disaster was taking shape!

I imagine the future will be filled with contracts expiring, buildings being renovated or sold off and the ones that remain will have new leases being sold for another 50 years. A lot more money for Disney this way!

 

[Bearval]

But DVD amended the POS and the ground lease without getting approval from the owners first.

So, the question will be do they have to pay anything other than dues for the 15 years? Obviously an owner won’t be allowed to use without paying those, but can they legally suspend the account for not paying a fee for the extension?

I think that is going to be a tough one for DVD since the change to the POS, without the quitclaim signed, from the way I understand it is that those owners now have use until 2057.

It’s why nothing like that will happen again because it’s too messy.

Yes it is a mess. It will be interesting to see how many contracts are out there that still haven't signed the quit claims. It would be interesting to see if DVD stops allowing gratutis transfers unless they sign the quit claims.

 

[Bearval]

But DVD amended the POS and the ground lease without getting approval from the owners first.

So, the question will be do they have to pay anything other than dues for the 15 years? Obviously an owner won’t be allowed to use without paying those, but can they legally suspend the account for not paying a fee for the extension?

I think that is going to be a tough one for DVD since the change to the POS, without the quitclaim signed, from the way I understand it is that those owners now have use until 2057.

It’s why nothing like that will happen again because it’s too messy.

I can see the courts siding with DVD iand stating that the owners didn't accept the offer so they are not entitled to the extension. I would also not be surprised if they make DVD do some sort of settlement which is what I think DVD will try to avoid. If they don't have to do a gratuitous transfer I can see them refusing to do them when there is less than 10 years left so that any divorces or deaths of the owners will require a quit claim to transfer the titles.

 

[Sandisw]

I can see the courts siding with DVD iand stating that the owners didn't accept the offer so they are not entitled to the extension. I would also not be surprised if they make DVD do some sort of settlement which is what I think DVD will try to avoid. If they don't have to do a gratuitous transfer I can see them refusing to do them when there is less than 10 years left so that any divorces or deaths of the owners will require a quit claim to transfer the titles.

Possibly but the POS states any material change to the contract needs to involve owners and have approval or vote..something to that effect.

So, the extension IMO is a huge material change that was done without consent.

That is why it will be interesting to see if the courts do decide in DVDs favor. But it is also why nothing like this would happen for other 2042 resorts.

 

[KVacc]

Gottier11---$155-$15500-100-CCV-Jun-0/21, 100/22, 100/23-sent 12/3

Good luck, we just went in similar, I tried to message you about it but it won’t let me message you.

 

[DisDad-]

Lorana---$143-$15624-100-AKV-Sep-200/21, 100/22, 100/23- sent 12/26

I was going to make our next AKV purchase direct because we want more unrestricted points, and I confess I'm second guessing myself here on this one given the higher price per point, but it IS nicely loaded...

i did the same thing on my BCV offer in the post before yours on this thread. In the end the extra $$ pp is immaterial for the potential duration of ownership it if it’s what you want.

 

[DisDad-]

I think a lot of people are and have been waiting for that price drop for BCV, myself included. The problem is, the resort is way too popular, even with the diminishing years left on the contract. I don't think the price drop will keep up with the rate of inflation so my thought is it will probably stay at the current price, probably all the way until maybe 5 years left. But by then, I can't see many people willing to sell or buy. I personally go back and forth on BCV. On the one hand, 20 years is way too short but on the other hand, 20 years is still a long time to enjoy a phenomenal resort. I'll probably go back and forth forever. sigh.

We purchased a fully loaded BCV contract a few months ago with 20 full years worth of points left and when I did the math the discount was 62% versus rack rate for the hotel side.
And that’s including the down payment, MFs, and hotel costs increasing at 4% per year for the remaining 20 years. We’ll be in our mid 60s when it expires. But The Beach Club is our favorite resort and Disney will never give a 60%+ discount on a room there so it was worth it for us.
We also own 300 VGF and will re-purchase BCV when it goes back on sale in 2042 or the Yacht Club when it’s eventually DVC’d sometime in the next 5-10 years (that’s my theory).
So that’s our plan.
If the BCV is your resort of choice, you should do it.

 

[Firework]

Firework---$165-$9080-50-PVB-Sep-0/20, 0/21, 89/22, 50/23- sent 12/27

I’ve been waiting for this small Sept Poly to pop up.

 

[Lorana]

Firework---$165-$9080-50-PVB-Sep-0/20, 0/21, 89/22, 50/23- sent 12/27

I’ve been waiting for this small Sept Poly to pop up.

Ooooooh! Nice one. I’m envious of that price per point! Where did you find it?

 

[HIRyeDVC]

We purchased a fully loaded BCV contract a few months ago with 20 full years worth of points left and when I did the math the discount was 62% versus rack rate for the hotel side.
And that’s including the down payment, MFs, and hotel costs increasing at 4% per year for the remaining 20 years. We’ll be in our mid 60s when it expires. But The Beach Club is our favorite resort and Disney will never give a 60%+ discount on a room there so it was worth it for us.
We also own 300 VGF and will re-purchase BCV when it goes back on sale in 2042 or the Yacht Club when it’s eventually DVC’d sometime in the next 5-10 years (that’s my theory).
So that’s our plan.
If the BCV is your resort of choice, you should do it.

I’m envious of your ability to pull the trigger and congratulations on your contract. I too will me in my mid 60’s by the time it expires and my kids are still very young so we would be using it during our prime years. I just can’t get over it psychologically, the short time remaining on the contract. I’m also waiting to see what the end product will be when DLT goes on sale. A part of me thinks I’ll regret not buying BCV when they start selling DLT for $300 pp with an insane points chart. Ugghh.

 

[Kona Kouple]

Hi everyone,

Are there typically ROFR delays this time of year due to Christmas and New Years? If so, any idea how many additional days contracts are stuck in ROFR?

Thanks!

 

[MICKIMINI]

Okay, so who here bought the 25 point Sept UY AKV for $130 PP? It got listed yesterday and by the time I saw it - like an hour later...it was gone! It certainly has a high risk of ROFR, but it was worth a try.

I sure hope someone here got it as it was pretty loaded LOL!

 

[Paul Stupin]

Gottier11---$155-$15500-100-CCV-Jun-0/21, 100/22, 100/23-sent 12/3

Good luck! I think I’d be a bit concerned about ROFR.

 

[gregskellington]

Hi everyone,

Are there typically ROFR delays this time of year due to Christmas and New Years? If so, any idea how many additional days contracts are stuck in ROFR?

Thanks!

Doesn't seem to be any consistency. Allegedly they were closed for part of December, but I received my response during that time. I was in ROFR for over 50 days while others were taking two weeks.

 

[Gottier11]

Good luck! I think I’d be a bit concerned about ROFR.

Definitely concerned! It was full asking price with Fidelity and our first stab at DVC so we figured we would give it a try and see what happens! We are hopeful and trying to be patient! Would be great to find out soon. Today is day 24.

 

[Lorana]

Okay, so who here bought the 25 point Sept UY AKV for $130 PP? It got listed yesterday and by the time I saw it - like an hour later...it was gone! It certainly has a high risk of ROFR, but it was worth a try.

I sure hope someone here got it as it was pretty loaded LOL!

Not me, but awwww man, I wish it was me! Where was it??

 

[MICKIMINI]

Not me, but awwww man, I wish it was me! Where was it??

fidelityresales.com

 

[shand32783]

Not me, but awwww man, I wish it was me! Where was it??

What makes the smaller contracts so inviting to some? Is it just b/c it may be for an add-on? I look at it and go, man, i need like 150 on top of that.

 

[E2ME2]

What makes the smaller contracts so inviting to some? Is it just b/c it may be for an add-on? I look at it and go, man, i need like 150 on top of that.

shand:
After 2 medium size contracts at SSR, and several years use, we learned a couple places where having the 11 Mo. was needed. ie: Beach Club in January,
and Animal Kingdom-Value rooms. We added on 30 Points at BCV, and use them every 2 or 3 years. Additionally, small contracts usually bring higher resale price, and sell quicker. Of course, we NEVER have enough points, and I would consider adding on another "small-ish" contract at BCV if one presents itself.

 

[shand32783]

shand:
After 2 medium size contracts at SSR, and several years use, we learned a couple places where having the 11 Mo. was needed. ie: Beach Club in January,
and Animal Kingdom-Value rooms. We added on 30 Points at BCV, and use them every 2 or 3 years. Additionally, small contracts usually bring higher resale price, and sell quicker. Of course, we NEVER have enough points, and I would consider adding on another "small-ish" contract at BCV if one presents itself.

I'm only a few years into this so don't know all the tips/tricks yet. We bought SSR at $90 so I am feeling good about that. Been saving for another contract and getting trigger finger again. I heard of other sites out there so starting to find some others but the look a little raggy compared to a couple of the main ones. Just was wondering what the main attraction was on the smaller ones. I like that ideal of possibly banking and borrowing to stay at another resort every couple/few years. This site has been helpful and I love lurking on it from time to time.