RoFR back??

[TheDailyMoo]

Of COURSE they start now that I have my first contract in ROFR! After all the time going back and forth I finally decided to jump on it and now they may decline?? UGH

I'm really hoping this is more like how everyone speeds on the highway but the cops have to pull a few cars over once in a while to make sure everyone remembers.

 

[john7994]

Of COURSE they start now that I have my first contract in ROFR! After all the time going back and forth I finally decided to jump on it and now they may decline?? UGH

Was literally looking at contracts today thinking I could offer a little lower for one that I liked.

 

[pkrieger2287]

Thanks for clarifying.

My apologies for suggesting that your reports was fake news, but I still can't wrap my head around WHY Disney, decided to start again NOW.

Any insights as to why?

Also, since we've gone down this rabbit hole, here's this screenshot from one of the contracts ROFR'd ...

As for reasoning, I think we have to look at the long-term value of DVC and the fact that its sustained value is part of what makes it an attractive purchase or investment.

They fixed the direct benefit levers (moonlight, events, annual passes, etc.) - This wasn't enough.

I believe they need to reduce the direct benefit level to spark more sales.

They are still struggling, and I believe, as others have noted, it is partially due to their lack of involvement in ROFR and maintaining the resale value... You can just get too great of a deal on the resale market, and that makes it real easy to ignore any direct benefits or incentives they are currently throwing out there.

 

[TheDailyMoo]

.

 

[TheDailyMoo]

Also, since we've gone down this rabbit hole, here's this screenshot from one of the contracts ROFR'd ...

As for reasoning, I think we have to look at the long-term value of DVC and the fact that its sustained value is part of what makes it an attractive purchase or investment.

They fixed the direct benefit levers (moonlight, events, annual passes, etc.) - This wasn't enough.

I believe they need to reduce the direct benefit level to spark more sales.

They are still struggling, and I believe, as others have noted, it is partially due to their lack of involvement in ROFR and maintaining the resale value... You can just get too great of a deal on the resale market, and that makes it real easy to ignore any direct benefits or incentives they are currently throwing out there.

Make it 100 points direct for Bluecard and I'll happily take that right now

 

[Sandisw]

Also, since we've gone down this rabbit hole, here's this screenshot from one of the contracts ROFR'd ...

As for reasoning, I think we have to look at the long-term value of DVC and the fact that its sustained value is part of what makes it an attractive purchase or investment.

They fixed the direct benefit levers (moonlight, events, annual passes, etc.) - This wasn't enough.

I believe they need to reduce the direct benefit level to spark more sales.

They are still struggling, and I believe, as others have noted, it is partially due to their lack of involvement in ROFR and maintaining the resale value... You can just get too great of a deal on the resale market, and that makes it real easy to ignore any direct benefits or incentives they are currently throwing out there.

Do you know if the VGF was a contract deeded to BPK or the original building?

 

[disneylandtour]

I have a contract in the ROFR process right now, well below the $100 AkV price point. So disappointing. My contract would've gone in a week later than the ones listed here.

If this is true, I wonder if Disney is going to protect even OKW and SSR, resorts where they don't have much hope of reselling contracts at elevated values?

 

[AstroBlasters]

While I want to believe its that straight forward, I'm not totally convinced.

At least in the past Disney didn't ROFR active sale resorts, and the margin they get on the VGF contract is very small, but I understand that $20 is $20.

I'm looking forward to see how the weeks to come will pan out.

While I want to believe its that straight forward, I'm not totally convinced.

At least in the past Disney didn't ROFR active sale resorts, and the margin they get on the VGF contract is very small, but I understand that $20 is $20.

I'm looking forward to see how the weeks to come will pan out.

Occam's razor

 

[pkrieger2287]

Do you know if the VGF was a contract deeded to BPK or the original building?

Original Villas.

 

[pkrieger2287]

Make it 100 points direct for Bluecard and I'll happily take that right now

Are you listening DVC? - I think this would be the next smart move. Stabilize the value of the product (ROFR) and then decrease the minimum buy-in slightly to drive sales.

 

[john7994]

Also, since we've gone down this rabbit hole, here's this screenshot from one of the contracts ROFR'd ...

As for reasoning, I think we have to look at the long-term value of DVC and the fact that its sustained value is part of what makes it an attractive purchase or investment.

They fixed the direct benefit levers (moonlight, events, annual passes, etc.) - This wasn't enough.

I believe they need to reduce the direct benefit level to spark more sales.

They are still struggling, and I believe, as others have noted, it is partially due to their lack of involvement in ROFR and maintaining the resale value... You can just get too great of a deal on the resale market, and that makes it real easy to ignore any direct benefits or incentives they are currently throwing out there.

Kudos in the direct engagement and adding value to the conversation on the boards btw - more of this please in the new era! Very refreshing and makes this more of a worthwhile destination for information.

 

[Robbie Cottam]

maybe the fall incentives are not as amazing as they are currently and DVC needs to drive the resale market high to support an un subsides direct market?

 

[Robbie Cottam]

I have a contract in the ROFR process right now, well below the $100 AkV price point. So disappointing. My contract would've gone in a week later than the ones listed here.

If this is true, I wonder if Disney is going to protect even OKW and SSR, resorts where they don't have much hope of reselling contracts at elevated values?

They wouldn't have to do much to protect it...

Randomly take a contract or two here and there and buyers will have to offer more

 

[Jgc014]

Of COURSE they start now that I have my first contract in ROFR! After all the time going back and forth I finally decided to jump on it and now they may decline?? UGH

I'm really hoping this is more like how everyone speeds on the highway but the cops have to pull a few cars over once in a while to make sure everyone remembers.

If I had to guess, I think it will be this, and I think that is the smart way for them to proceed. They don’t need to buy a ton, but if they see a good value, purchase every once in a while. Disney can pick up a few good deals without flooding their inventory, and some people may think twice about offering way low, which may boost resale prices a bit.

All that said, I don’t think the contracts they bought were particularly good values based on what we’ve seen recently, so that’s an interesting choice…

 

[TheDailyMoo]

As someone who has hemmed and hawed for a few years now (and plenty of messages here doing the same) it was the low barrier to entry of the resale market that drove me to buy. And it MAY still go through but this has me and my wife already talking about just grabbing the direct incentives. So perhaps it really is what they need to push direct sales. But that 150 points for blue card is really a tough pill to swallow when resale was SO cheap.

 

[Robbie Cottam]

As someone who has hemmed and hawed for a few years now (and plenty of messages here doing the same) it was the low barrier to entry of the resale market that drove me to buy. And it MAY still go through but this has me and my wife already talking about just grabbing the direct incentives. So perhaps it really is what they need to push direct sales. But that 150 points for blue card is really a tough pill to swallow when resale was SO cheap.

150 points for the "blue Card" is a simple barrier to entry...... Disney wants you to buy from them....
If you want to play with the mouses toy, you play by the mouses rules....

 

[AstroBlasters]

Also, since we've gone down this rabbit hole, here's this screenshot from one of the contracts ROFR'd ...

As for reasoning, I think we have to look at the long-term value of DVC and the fact that its sustained value is part of what makes it an attractive purchase or investment.

They fixed the direct benefit levers (moonlight, events, annual passes, etc.) - This wasn't enough.

I believe they need to reduce the direct benefit level to spark more sales.

They are still struggling, and I believe, as others have noted, it is partially due to their lack of involvement in ROFR and maintaining the resale value... You can just get too great of a deal on the resale market, and that makes it real easy to ignore any direct benefits or incentives they are currently throwing out there.

I also hypothesize that it is because those are the 2 resorts they recently had success selling incentivized direct points that do not have resale restrictions.

So, DVC now has data to show what the market clearing price is for direct vs resale when there was thought to be no active ROFR.

That tells them exactly how much value in dollar terms more educated buyers (resale buyers) put on an easier sales process, direct points, and membership magic.

Let’s see what they learn from the current round of sweetened SSR incentives…..

 

[JackosinDIS]

Big news! And very good to hear directly from @pkrieger2287

I think we will see a lot of ROFRs in the coming weeks…

 

[TheDailyMoo]

@pkrieger2287 well if you were running out of show ideas Disney went and gave you a good one! lol

Thank you for being so active and please keep us in the loop as this story develops! You and Amy are great!

 

[disneylandtour]

@pkrieger2287 thanks for the post. Just curious--did some lowish point contracts get passed by ROFR? Or are you seeing most/all lowish point contracts be bought out like in the old days?