I think it's a good time to sell BWV!
Sell them to meeee!
Will prices return to normal after a few months?
With all this ROFR activity and prices on the rise should a buyer just wait it out ... Will prices return to normal after a few months?
Agree. I see the current ROFR activity as more of a return to normal.The question is what is "normal". For most of DVC's history, they have been fairly active in exercising their ROFR and at best you got a small discount off retail. It's only been since 2008 and the financial crisis that these "low prices" have been around.
If DVC truly makes sense for you, then I wouldn't wait. After prices increase again and GF starts selling, there may be another jump. My definition of DVC making sense is buying to use only at DVC resort (no DCL, etc) for someone that goes routinely (at least about EOY) and that values on property enough to pay for it now. I like to see either a 20% savings over what one normally spends or a 20% increased value as a minimum.With all this ROFR activity and prices on the rise should a buyer just wait it out ... Will prices return to normal after a few months?
Agree.
[*]The DIS' ROFR thread...especially paying close attention to CURRENT price points clearing ROFR. It doesn't matter what someone paid six months ago. What matters is what will clear ROFR tomorrow.
[*]The knowledge, experience, and attention to detail that some brokers (certainly NOT all) bring to the table. Lazy, inattentive, unresponsive, and stupid will kill you in this environment.
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I agree with what you are saying BUT right now there is not enough current data to know what will pass! When my contract was sent BWV 55.00PP there were recent contracts that passed at 50.00 - 60.00PP and none taken that I know of that was 6 weeks ago.
People are offering more then asking and still getting ROFR'd BWV getting taken at 69.00PP and its not a loaded contract. The only data that seems kind of consistent is the completely stripped contracts going through.
I did call TSS to ask our broker what would be a good price for a 350 point BWV contract fully loaded and its listed at 60.00PP - he rambled off 5 contracts that were taken that day as high as 69.00PP maybe what I should have asked was what is passing through???
I just do not think right now there is enough data to make that decision. I really like this contract but if I have to pay 70.00 - 75.00PP I would not be buying 350 points - I will adjust with the market if the contract gets taken.
I am glad we are not going to disney until 2014 and have enough points if we borrow to get us through!
The point from my post from above is that DVD maybe making changes and what passed ROFR yesterday might not today or tomorrow. We don't really know where they set their threshold, how it's set or how often they change it. They can have a meeting tomorrow morning and be told to buy everything in sight.
Bill
The point from my post from above is that DVD maybe making changes and what passed ROFR yesterday might not today or tomorrow. We don't really know where they set their threshold, how it's set or how often they change it. They can have a meeting tomorrow morning and be told to buy everything in sight.
Bill
I think it's a good time to sell BWV!
Funny..I told DH the same thing....too bad I love my BWV points and am not parting with them!!
I would suggest that they may have already had that meeting, or one very similar.
Bottom line, this is not a time to buy. I've had six contracts sent to ROFR in the past two months. Four have been taken and I'm still waiting to hear back on the other two (they'll likely be taken as well). Point is, I haven't done anything to try to replace those four...I'm not tying up my money or putting in the time or effort just to pad DVD's inventory.
I disagree on that statement. It is a buyers market, not a sellers market. The prices on the resale market except for BLT, VGC and Aulani are at least half the price of a DVC direct purchase. Sure some contracts are ROFRd, but that is less than than you would think. Only OKW has had a higher percentage (28.6%) of ROFRs and the rest are less than than 10% with BCV and BWV had no ROFRs in January or February if 2013. See wdrl's thread, Percent of Resales Passing ROFR thread.
This thead talks about the recent activity and ROFR's are taking place left and right!
I hope that other thread has March's stats soon!