ROFR Thread Oct to Dec 2019 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[emchen]

<snip>My continued wondering is who in the world would want to pay a 40% premium for VGC direct.

I know it wasn't a question, but...
Answer: people who don't know about the resale market.


I was gonna add, "rich people" too, but they probably care about the 2-years-plus wait associated with the waitlist. I mean, 40% off and no wait time with a resale contract?...best deal ever!

 

[Clarabelle1987]

Clarabelle1987---$130-$27465-206-PVB Fixed Week 52-Jun-58/18, 34/19, 174/20- sent 10/24

Anxiously waiting out ROFR on our first contract!

We passed!

Clarabelle1987---$130-$27465-206-PVB Fixed Week 52-Jun-58/18, 34/19, 174/20- sent 10/24, passed 11/13

 

[Brianstl]

I know this is only a small subset of the DVC resale market, but it really feels like the number of buyers has really dried up.

 

[ScubaCat]

I know this is only a small subset of the DVC resale market, but it really feels like the number of buyers has really dried up.

Obviously there could always be broader economic trends affecting things, but really this is the usual pattern. People who were on the fence decide to sell around dues time to try and avoid having to cough up the maintenance fees. And, people spend more around holidays and are thus less likely to be willing to cough up a big chunk for a timeshare until the holidays are over and they know where they stand.

It makes sense, and thus leads to greater available inventory (more listings). If the trend holds up, you'll see a bigger volume in Jan-Feb and available contracts will drop back down.

 

[Skicks35]

Passed!

I know it's a relatively larger contract (with no points until 2022) and the smaller ones are still on the high side, but looks like the VGF bubble might be coming back down as I saw another one very similar (with points in 2020 and 2021) being offered at $167 (I was already wrapped up in this contract before noticing, and an offer was already accepted anyway)

Skicks35---$169-$34550-200-VGF-Apr-0/18, 0/19, 0/20, 0/21-no MF until '22- sent 10/26, passed 11/12

 

[Wiltony]

Passed, wahoo!

wiltony---$150-$16320-100-BLT-Oct-100/18, 100/19, 100/20, 100/21- sent 10/30, passed 11/13

 

[KristinM]

We passed! 11/13/19

New Contract. we will see!

KristinM---$90-$16745-180-SSR-Apr-0/18, 5/19, 3/20, 180/21-slr pays 19/20 MF- sent 10/29

 

[poofyo101]

still waiting....from 10/28. I guess the addendum did affect the wait time.

 

[Wiltony]

I know it wasn't a question, but...
Answer: people who don't know about the resale market.


I was gonna add, "rich people" too, but they probably care about the 2-years-plus wait associated with the waitlist. I mean, 40% off and no wait time with a resale contract?...best deal ever!

Not VGC, but I bought direct BLT for a few contracts because 1) I wanted smaller contracts and have an unusual UY so there was just literally nothing out there for resale, and 2) I was concerned about the L14 restriction. I can imagine some people just want no restrictions or hoops with their points, so that 40% premium might be worth it to some (though not to me!)

Finally, since DVC can now change the UY on direct points, they're cranking through the waiting list a lot faster than they used to.

 

[motherof5]

Update! PASSED! Woohoo!

Minnie32---$100-$16700-160-AKV-Oct-0/18, 160/19, 160/20, 160/21-Seller Pays '19 MF- sent 10/25, passed 11/12

Congrats. Great contract!

 

[elliemaple]

PASSED!
elliemaple---$144-$23685-160-BLT-Feb-0/18, 0/19, 160/20, 160/21- sent 10/29, passed 11/13

 

[Kelly T.]

UPDATE!

Kelly T.---$102-$28200-250-AKV-Dec-0/18, 0/19, 250/20, 250/21- sent 10/26, passed 11/13

 

[sethschroeder]

I know this is only a small subset of the DVC resale market, but it really feels like the number of buyers has really dried up.

Answer my question, are prices not higher for lots of these resorts? I mean if you are a resale buyer it means you have been looking at some sites likely. Meaning you will see these better old prices and expect them to possibly come down especially if you are hearing about a potential recession in the future.

I never was really tracking all the resorts but that seemed to be the case for AKV and BWV. More contracts with inflated price. As a first time buyer not looking to really play games and negotiate it down $10/point or more.

 

[Brianstl]

Answer my question, are prices not higher for lots of these resorts? I mean if you are a resale buyer it means you have been looking at some sites likely. Meaning you will see these better old prices and expect them to possibly come down especially if you are hearing about a potential recession in the future.

I never was really tracking all the resorts but that seemed to be the case for AKV and BWV. More contracts with inflated price. As a first time buyer not looking to really play games and negotiate it down $10/point or more.

The prices are still really high right now. Those prices don't match the demand for the resale product and they don't match Disney's buyback activity, with the exception of VGC. VGC is special case in being really limited in number and the only Disneyland DVC.

 

[montreid]

montreid---$165-$29700-175-VGC-Sep-0/18, 175/19, 175/20, 175/21- sent 11/14

Let's see ---

 

[emchen]

montreid---$165-$29700-175-VGC-Sep-0/18, 175/19, 175/20, 175/21- sent 11/14

Let's see ---

Might as well give it a shot! If u don’t then zero percent chance.

 

[poofyo101]

montreid---$165-$29700-175-VGC-Sep-0/18, 175/19, 175/20, 175/21- sent 11/14

Let's see ---

fingers crossed.

 

[Bearval]

Bearval---$105-$11150-100-AKV-Jun-0/19, 108/20, 100/21- sent 10/29

What are the chances this passes?

Passed 11/15/2019

Bearval---$105-$11150-100-AKV-Jun-0/19, 108/20, 100/21- sent 10/29

What are the chances this passes?

Passed 11/15/2019

 

[Phijammamama]

Phijammamama---$95-$9955-100-SSR-Feb-0/18, 0/19, 0/20, 100/21- sent 11/14

 

[mmmikey]

Phijammamama---$95-$9955-100-SSR-Feb-0/18, 0/19, 0/20, 100/21- sent 11/14

Wow.. that seems like a great price for a small contract. GL!