ROFR Thread Oct to Dec 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[LadybugsMum]

I’ve bought one cheaper before. Before they did not buy back poly. Now seems like they are.

I wonder if it's because there aren't really any foreclosures happening right now and they're low on PVB points.

 

[RanDIZ]

Is there any rhyme or reason on how they keep stock of resort points? Do they wait for demand to come in or keep a minimum supply available for instant sales? Also, would they even buy resorts not sold out, i.e. RIV, CCV? Maybe if the price was right.

 

[Sandisw]

Is there any rhyme or reason on how they keep stock of resort points? Do they wait for demand to come in or keep a minimum supply available for instant sales? Also, would they even buy resorts not sold out, i.e. RIV, CCV? Maybe if the price was right.

What I have been told over the years, is that ROFR is meant to be vague and that when and how they decide things is different all the time,

The reasons and goals change. They really don’t want things set in such a way that people know if I pay X, Y or Z at A, B, or C, it will pass.

Honestly, in the 11 years I have been. DVC member, it really seems that the number of ROFR recently is above average for such a short timeframe.

So, I think in some cases, they see what the need is and decide. Other times, I think it’s random.

If I had to guess why they are taking a lot of SSR is to increase stock to sell direct at a cheaper price than RIV during the current state of affairs. I am not sure that would have been the plan prior to Covid,

I do notice they let a few get through under $100 though so again, it makes no sense...unless it is on purpose so they can grab more points as buyers take more risks?

There is a reason many will say it’s a monkey and a dart board! Lol

 

[Ginamarie]

I’ve bought one cheaper before. Before they did not buy back poly. Now seems like they are.

Yeah I haven’t seen anything Poly going for under like $125/point lately, and even that is on the low side. I’m watching closely to see if things have changed on what their buying going into the new year.

 

[Flynn's Gal]

We’re already struck with addonitis even though we have only been DVC owners for 2 months now.

I remembered that this threads formatting tool gets the passes and takens into an other site that charts out pricing by resort. Does anyone have a link to that site? It mentions it in the first post on this thread but I can’t find the site.

thank you!

Is this the site? https://www.dvcstats.com/#/resale-costs

 

[CLE2WDW]

ValW---$155-$8372-50-BLT-Aug-0/19, 50/20, 50/21-seller pays MF '20- sent 12/12, taken 12/23
ValW---$155-$8372-50-BLT-Aug-0/19, 50/20, 50/21-seller pays MF '20- sent 12/12, taken 12/23

Sad these were taken, but now on the hunt for something else.

Wow I’m personally shocked to see these were taken. It’s hard for me to believe people are lining up to buy BLT direct from Disney for $235 a point. Sorry for your bad luck.

 

[ValW]

Wow I’m personally shocked to see these were taken. It’s hard for me to believe people are lining up to buy BLT direct from Disney for $235 a point. Sorry for your bad luck.

Thanks. I was very surprised. I never thought these would get taken. Goes to show you just never know.

 

[RanDIZ]

Thanks. I was very surprised. I never thought these would get taken. Goes to show you just never know.

I thought the same thing. Are people really buying BLT direct in droves, so much that contracts are being taken?

 

[I Run Long]

The closing documents for our AKV resale purchase arrived today - Yay! Is it ok to wait to send the funds until after the seller signs their closing documents? I don't imagine much is going to happen until the New Year anyway.

 

[RanDIZ]

Our initial deposit was due 7 days after signing the contract. Then once it passed ROFR, we sent final money about 2 wks later.

 

[Sandisw]

I thought the same thing. Are people really buying BLT direct in droves, so much that contracts are being taken?

The other thing to remember is that owners who had expiring points were given an extension. But, the points used for those extensions, since points were banked already, were ones owned by DVD/DVCM.

That could have been a lot of points and some of this is to replace them so they not only have points to sell, but to use for booking rooms for whatever reasons they may want.

 

[jbreen2010]

Is this the site? https://www.dvcstats.com/#/resale-costs

YES!! Thank you so much!!!

 

[RanDIZ]

The other thing to remember is that owners who had expiring points were given an extension. But, the points used for those extensions, since points were banked already, were ones owned by DVD/DVCM.

That could have been a lot of points and some of this is to replace them so they not only have points to sell, but to use for booking rooms for whatever reasons they may want.

Good point. Completely makes sense.

 

[Kickstart]

The other thing to remember is that owners who had expiring points were given an extension. But, the points used for those extensions, since points were banked already, were ones owned by DVD/DVCM.

That could have been a lot of points and some of this is to replace them so they not only have points to sell, but to use for booking rooms for whatever reasons they may want.

Oh, wow....

So DVC is buying up contracts to offset the points extensions they granted?
That seems so expensive... especially for two small contracts... but maybe since 20' maintenance fees were covered by the buyer?

Does DVC have to disclose the total number of points they've granted extensions on and how they're "covering" those extensions?

 

[Sandisw]

Oh, wow....

So DVC is buying up contracts to offset the points extensions they granted?
That seems so expensive... especially for two small contracts... but maybe since 20' maintenance fees were covered by the buyer?

Does DVC have to disclose the total number of points they've granted extensions on and how they're "covering" those extensions?

My speculation is that could very well be part of all the ROFR.

And no, DVC does not have to share what they did with their own points. They made the decision to extend points for those impacted by the closure..which they didn’t have to do...along with a few other amendments.._all within their ability.

 

[gskywalker]

I thought the same thing. Are people really buying BLT direct in droves, so much that contracts are being taken?

It seems with the 3 they took from me, 3 they took from bruttok and all the rest.... That there are a lot of people looking to spend a ridiculous amount direct from Disney. I haven't stayed there yet. I just like the idea after fireworks not having to take Disney Transat with my daughter's wheel chair. I will be ok with AK for $40-$50 less a point if I get my AKV contract through ROFR

 

[RanDIZ]

It seems with the 3 they took from me, 3 they took from bruttok and all the rest.... That there are a lot of people looking to spend a ridiculous amount direct from Disney. I haven't stayed there yet. I just like the idea after fireworks not having to take Disney Transat with my daughter's wheel chair. I will be ok with AK for $40-$50 less a point if I get my AKV contract through ROFR

Yea it would‘ve been nice to be that close to MK. Good luck with AKV. I own there and love every bit of it.

 

[Lorana]

The closing documents for our AKV resale purchase arrived today - Yay! Is it ok to wait to send the funds until after the seller signs their closing documents? I don't imagine much is going to happen until the New Year anyway.

It is, and in fact I recommend doing that in case it takes the seller a long time to return documents. This way at least you can continue to earn interest on your money. Just as the broker to notify you when the seller returns their documents and you’ll wire the money then.

 

[ScubaCat]

Actually, this was already priced really low, somewhere in the low $130s if I recall...so this was my first and only offer. I'm not sure it has a chance as the only one close to it this quarter was taken, but I am looking to basically swap our BWV for BCV if possible with minimal financial outlay (cue @ScubaCat saying "I Told You So" in 3....2....1....) .

You know the old saying, right? "Some people like to look at the big pool; others like to swim in it." A wise person once said that.

Regarding the contract, BCV doesn't get bought back too much but there don't seem to be as many contracts either so maybe that's the reason. I suspect that'll pass, though. (Hope I don't have to eat my words on that..)

 

[pinkxray]

If there is an addendum to your contract (our listing had 2019 points listed but that was a mistake) does that start the process all over? Instead of ours being sent to ROFR 12/15 am I having to wait for another email that it has been sent again?