ROFR Thread April to June 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[LittleBitGoofy]

What’s the exact promo and savings for VGF? Thanks!

We've got a separate thread going on it over here:
https://www.disboards.com/threads/current-magical-beginnings-promotion-with-direct.3917550/

 

[PBandJFamwich]

Well, the dues are higher than most resorts unless you purchase a subsidized contract. No difference in taxes or anything like that as it's all rolled up in the dues.

Some people have reported closing taking longer with Aulani and I think I remember seeing something about having to notarize your documents because of Hawaii's rules (but I'm not 100% positive about that).

Just some food for thought, we used SAP to stay at Aulani and found availability to not be an issue currently. You may not get the exact room you want or dates, but there is availability. So in my opinion, I would buy there only if you truly want the 11 month booking window and exact room type/view.

Agree with this. We bought it as SAP because it was a subsidized contract making it even lower maintenance fees than VGF for the time being and only 2 years shorter of a contract. Personally we have no desire to stay at VGF and loved staying at Aulani.

It was also a bonus as I didn’t really want to be paying property tax in Florida due not agreeing with de Santis and VDH and VGC weren’t a wise economic decision for us. The cabins at FW might tempt us next year though.

 

[HIRyeDVC]

https://www.dvcresalemarket.com/blog/dvc-right-of-first-refusal-report-rofr-april-23/

The monster is still asleep, and listings are down by almost 50%. It is a buying frenzy or owners are removing their listings or both!

 

[lilsonicfan]

I think when I first started looking in mid to late March, there were approximately 2300 listings; now there are 1800+. I’m sure the sleeping ROFR has led to a significant uptick in resales (while also driving prices downward) leaving behind some of the older listings.

I’ve also noticed the site sponsor listing several stripped contracts at the same time, so possibly contracts the company owns and that they’ve decided to recoup some costs on by renting out current year points.

 

[christophles]

This is true. My closing docs were received two weeks ago and I got my portion done and funds sent within a few days. Seller still hasn’t returned closing docs. I know they have to get notary but good grief.

I'm almost at a month since closing docs received and still haven't closed yet. You can't get too excited about a great deal until it closes because one of the sellers can refuse to sign and if that's the case, then you don't get that great deal. There were four people listed on my contract as the sellers, two signed right away and the other two haven't yet from my understanding. Hopefully I close soon though as I have points expiring at the end of July.

 

[Disneytrippin']

I'm seeing less deals come through this thread then feb/March. also no sellers I've tried to negotiate down will budge now

That is exactly what I have been seeing right now. I found an OKW I tried to negotiate using what I have seen pass. They had a high asking price but, I still offered what I was seeing. They came down a lot but still was 30 to 40 points more than previously passed. I did so more researching and the price they negotiated was exactly what tiny contracts are going for now so I accepted it.

 

[HyperspaceMountainPilot]

As someone who’s only been looking for resale contracts since March, it’s wild to see what ROFR was yanking back 4 months ago. I’m still not confident that prices won’t trend lower at some resorts…but it is making me reconsider buying on Crescent Lake if I can find a contract around 100/pt. If the people expecting prices to trend back up are right, I may have missed my chance—but I suspect there will be plenty of points to rent from brokers.

 

[erinchristine318]

erinchristine318---$110-$12431-100-AKV-Sep-0/22, 175/23, 100/24- sent 4/14

We submitted offers on probably 8 different contracts before we were finally find one that worked the best for both us and the seller. Not the cheapest deal I've seen here, but we're super happy with the banked 2022 points. This will be our 3rd contract since August (the other two are at the Poly). I think we're done for awhile lol.

erinchristine318---$110-$12431-100-AKV-Sep-0/22, 175/23, 100/24- sent 4/14- passed 5/3

 

[HyperspaceMountainPilot]

I think the rental sites lowering their prices reflects a larger trend of the saturated rental market. DVD is pumping out new resorts at a historic pace. More prospective renters are now becoming owners looking to rent out points themselves. I’m not sure how Ling the rental market and rack rates can sustain when so many people are becoming DVC members.

That could be a factor but I don’t think it would matter much unless you have a lot of people buying who don’t intend to use them themselves (sales of points to owners who intend to use them all wouldn’t impact rental markets)—but if brokers have purchased a ton of points (or investors are buying at at/below $100/point to rent each year), then you would see what we are seeing in the rental market.

I personally think the brokers are really trying to push false optimism/FOMO because they have a lot of sellers who don’t want to budge below summer/fall 2022 prices…but the recorded deed prices haven’t indicated that the market is on much of an upswing. Potentially smaller contracts are? Having said that, VGC is *definitely* on an upwards price trend at any size.

 

[scgustin]

scgustin---$80-$20853-250-OKW-Dec-0/21, 261/22, 250/23, 250/24-Seller pay 22/23 due- sent 4/4, passed 5/2

261 points from 2022, 250 coming in Dec. Seller pays all dues on points for 2022 and 2023.

 

[RachStu]

scgustin---$80-$22175-250-OKW-Dec-0/21, 261/22, 250/23, 250/24-Seller pay 22/23 due- sent 4/4, passed 5/2

261 points from 2022, 250 coming in Dec. Seller pays all dues on points for 2022 and 2023.

I’ve had brokers get really shirty with me for suggesting the seller pays the dues and that was when there were no Dec 2022 points, just Dec 2023 points. Did you get any pushback when you made your offer?

 

[scgustin]

I’ve had brokers get really shirty with me for suggesting the seller pays the dues and that was when there were no Dec 2022 points, just Dec 2023 points. Did you get any pushback when you made your offer?

Yeah - "seller pays all dues" stipulation is why I purchased this contract and was included in the original listing.

I purchased through Fidelity - and because "seller pays dues" was on original listing, once we finally settled on a price, that stipulation was already part of the deal.

 

[Lucky Wall-E]

I think the rental sites lowering their prices reflects a larger trend of the saturated rental market. DVD is pumping out new resorts at a historic pace. More prospective renters are now becoming owners looking to rent out points themselves. I’m not sure how Ling the rental market and rack rates can sustain when so many people are becoming DVC members.

I still think the number of people who are willing to buy DVC is still a small percentage based on those who go to Disney every year. I personally think the economy has more of an effect on the rental sites than how many own DVC. If people are not visiting Disney buying their rooms direct even with discounts then they are also not renting points from the rental sites.

However, I think your argument of a saturated rental market has some merit and is now visible in the slowing economy. The impact on owners who want to rent but are unable to unless they accept a lower price because there are too many reservations/points available. We didn't notice a decrease of prices when people had money to spend to go to Disney. As more owners become aware of the ability to rent, they will decide to rent out points making it harder to make any profit or just break even when renting out points during a slow economy.

 

[The_MT]

I hope my ROFR amigos will allow me to post this for fun…

NVDISFaimily---$TooMuch-$WayTooMuch-TooMany-VDH-Dec-BahNone/22, AFew/23, AFew/24- WhyDidIDoThis? - sent 5/2, passed 5/2 (at least direct is quick)

Happy VDH day. I’m glad to see the ROFR monster is still asleep.

Hi Neighbor! I bought 150 points this morning, finally got my blue card!!

 

[Lucky Wall-E]

I have a question about a contract I saw listed (which was bought within the hour it was listed).

The contract had 400 pp with a June UY
It did not list what points were in 2022
1133 for 2023
400 for 2024

I am not sure if the listing agent listed the points correctly unless I am missing some sort of banking exception that I don't know about. I am not sure how this was possible. I know 800 could have been in 2023 from points from 2022 being banked but 333 should have been stuck in 2022, probably banked from 2021 and expiring in June. Is there some reason they would not have been stuck that I am not aware of?

Could the 333 been transferred points?

Does anyone have any ideas or thoughts?

 

[Sandisw]

A reminder...if you use another site for gathering information, you must post a link to that site. If the site is in our board's filter, you can not then share data from that site or use screenshots....

Using key words or phrases about a site that can help someone find it...just like using a name only...is a way to bypass the board's filter and of course, is not allowed.

 

[Epcot Forever Forever]

scgustin---$80-$20853-250-OKW-Dec-0/21, 261/22, 250/23, 250/24-Seller pay 22/23 due- sent 4/4, passed 5/2

261 points from 2022, 250 coming in Dec. Seller pays all dues on points for 2022 and 2023.

I always had a sneaking suspicion that you stalked these boards.

Congratulations on the contract!

 

[disney-inspired]

I'm almost at a month since closing docs received and still haven't closed yet. You can't get too excited about a great deal until it closes because one of the sellers can refuse to sign and if that's the case, then you don't get that great deal. There were four people listed on my contract as the sellers, two signed right away and the other two haven't yet from my understanding. Hopefully I close soon though as I have points expiring at the end of July.

I feel your pain. I passed ROFR on first contract on 4/4 and still haven't received closing docs.

It's now day 27 waiting to pass ROFR for my second contract.

 

[winnieforme]

Totally!! And I understand where the sellers are coming from, I would do the same if I were in their shoes.
You literally have to stalk the sites if you want to even have a chance to put an offer in! It has also happened to me that I put an offer on a contract that has been listed for 5+ months, but the seller wouldn't budge at all.
It's all timing and opportunities!

oh yeah, i have put in offers on 10+ months, and still "no deal" from the seller. hopefully soon we will be in the right place at the right time to find our deal!

 

[scgustin]

I always had a sneaking suspicion that you stalked these boards.

Congratulations on the contract!

Stalking since Jan 25, 2006