ROFR are offices open

[SnowWhite]

Originally Posted by rjenkins5

Thank you everybody. Offer has been submitted. Fingers crossed

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Good Luck... hope you don't have to wait too long to be signing the final papers

[JasonErpelding]

Originally Posted by YorkshireT

It will be very interesting when it’s haemorrhaging billions to see if Disney buy back any contracts.

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I don't see Disney being very active buying properties back. They have so much inventory to sell at Riveria. I think ROFR will be at a minimum.

Jason Erpelding
Lic. Real Estate Broker
Buy and Sell DVC, Inc.®

[YorkshireT]

Originally Posted by JasonErpelding

I don't see Disney being very active buying properties back. They have so much inventory to sell at Riveria. I think ROFR will be at a minimum.

Jason Erpelding
Lic. Real Estate Broker
Buy and Sell DVC, Inc.®

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That was my thoughts Jason. I know in the recession they hardly bought anything for a while. They haven’t got the money now unless they know there is a buyer waiting. Of course the dilemma comes if prices get too low due to no ROFR buybacks and then makes RIV look too expensive, but most direct first time buyers don’t even know about resale.

[JasonErpelding]

Originally Posted by YorkshireT

That was my thoughts Jason. I know in the recession they hardly bought anything for a while. They haven’t got the money now unless they know there is a buyer waiting. Of course the dilemma comes if prices get too low due to no ROFR buybacks and then makes RIV look too expensive, but most direct first time buyers don’t even know about resale.

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Exactly. Most first time buyers don't even know resales exist. Also a lot of members who have been members a long time don't know resales exist.

Jason Erpelding
Lic. Real Estate Broker
Buy and Sell DVC, Inc.®

[Helenr]

My contract passed rofr in 11 days

[rjenkins5]

Originally Posted by Helenr

My contract passed rofr in 11 days

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That's what we hope. Nice and quick, it's like buying a house just waiting for something to happen

[bighal]

Disney and DVC are run as two separate companies so just because Disney is saving cash doesn't mean DVC is doing the same. If DVC wants to keep resale values high then they will take up ROFR if its a low offer.

[JasonErpelding]

Originally Posted by bighal

Disney and DVC are run as two separate companies so just because Disney is saving cash doesn't mean DVC is doing the same. If DVC wants to keep resale values high then they will take up ROFR if its a low offer.

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In my opinion the goal of ROFR is not to keep resale values high. In my opinion the goal of ROFR is simply another avenue for DVC to make money. I don’t think they are sitting around saying “some of these people are getting Boardwalk properties for $105 per point so we better buy them back.” If Disney has a huge list of people wanting to buy Boardwalk from them for $200 per point and it makes sense for them to buy something back at a certain price to make money then they do that.

For example, when was the last time someone bought Vero Beach directly from Disney for $120 per point? I am sure someone has that information out there. l am thinking it is not very often. I think right now if a buyer got a Vero Beach seller to accept $25 per point it would make it through ROFR. Of course, I don’t think a buyer could get a seller to accept that price.

Jason Erpelding
Lic. Real Estate Broker
Buy and Sell DVC, Inc.®

[YorkshireT]

Originally Posted by JasonErpelding

In my opinion the goal of ROFR is not to keep resale values high. In my opinion the goal of ROFR is simply another avenue for DVC to make money. I don’t think they are sitting around saying “some of these people are getting Boardwalk properties for $105 per point so we better buy them back.” If Disney has a huge list of people wanting to buy Boardwalk from them for $200 per point and it makes sense for them to buy something back at a certain price to make money then they do that.

For example, when was the last time someone bought Vero Beach directly from Disney for $120 per point? I am sure someone has that information out there. l am thinking it is not very often. I think right now if a buyer got a Vero Beach seller to accept $25 per point it would make it through ROFR. Of course, I don’t think a buyer could get a seller to accept that price.

Jason Erpelding
Lic. Real Estate Broker
Buy and Sell DVC, Inc.®

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If you see that Vero at $25, let me know.

[rjenkins5]

Originally Posted by Helenr

I have a contract submitted last week

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Hi Helen, has your contract passed now. Trying to get an idea on timelines.