I don't get it! Where are all the resales GONE??

[rusafee1183]

The only way this would make sense is if either at the resale price was too low for Disney to make a reasonable profit or if they were expecting something with a better price to come along.

Another criteria could be how easy is it to purchase the contract, foreign sellers might not be as attractive to buy from because of the delay and a longer delay means the person on the wait list could change their mind.

Another criteria could be that they prefer to take contracts that have been financed through them, then they know for sure the sale won't collapse and they not get their money. Or perhaps they don't want to buy them to increase the chance of people defaulting and they get to foreclose on those contracts.


All comes back to is no one knows exactly what their criteria is, but I'm fairly confident it has to do with money.

If they really wanted to mess with people and felt fairly confident they could sell any points they picked up quickly they could try and drive resale prices up (in order to make direct appear more attractive) by taking the occasional higher priced contract.

Doug,

Your second last paragraph is the probably the driving factor.

One thing that I've casually noticed (no hard data from tracking), is that the most likely to be taken by ROFR is a loaded contract or one that is almost at the beginning of its next UY with the full amount of points (or maybe just short a few). For example, a contract with a June UY that has no 2012 points but all of its 2013 points is a prime candidate for ROFR. An August UY with no current points but all 2013 points (next UY at this time), might be a decent candidate as by the time they make a decision (30 days), then close (another 10-30), the beginning of the UY is almost here and they can repackage it and sell it in less than 30 days. A March UY that has no current points would not be considered since the points are not available until 2014. DVD has no idea on what the demand will be 10 months from now so why take a chance and tie up the money. Contracts DVD can flip quickly will be the most susceptable.

The final thought would also be that they might just be playing with us. If they would ROFR too quickly, then the mystique of the direct purchase would be blown. If it were too easy to puchase direct on the "classic" resorts, then DVD couldn't push the latest and greatest as easily. As Mel Brooks said in "History of the World, Part 1", the secret is "Merchandising".

John

These are both interesting points....

So, I have to ask. I just put in an offer for VWL. 125 points, Dec use year, all 2013 points and going forward. $79 pp, buyer pays closing and buyer/seller split MF's. The waitlist for VWL is crazy long though.

How does it look?

I know that whatever you would say would be pure speculation, but at this time I can't even begin to guess. I looked at the ROFR thread, and it looks like the only one that has been ROFR'd for VWL was back in Feb. Since then, I think 9 have passed... all with different UY, point amounts, ranging from $60 - mid $70's. Ours was the highest $pp offer.... so I was feeling OK about it. But since nothing has been ROFR'd (at least not documented) since Feb - maybe they are "due"

It's only day 3 since it went to ROFR.

 

[ELMC]

These are both interesting points....

So, I have to ask. I just put in an offer for VWL. 125 points, Dec use year, all 2013 points and going forward. $79 pp, buyer pays closing and buyer/seller split MF's. The waitlist for VWL is crazy long though.

How does it look?

I know that whatever you would say would be pure speculation, but at this time I can't even begin to guess. I looked at the ROFR thread, and it looks like the only one that has been ROFR'd for VWL was back in Feb. Since then, I think 9 have passed... all with different UY, point amounts, ranging from $60 - mid $70's. Ours was the highest $pp offer.... so I was feeling OK about it. But since nothing has been ROFR'd (at least not documented) since Feb - maybe they are "due"

It's only day 3 since it went to ROFR.

Although I am not convinced that price is the only reason for ROFR, I will admit that it could be likely that there is a connection. The VWL contract you speak of that was taken by Disney was for $48 pp and had close to two years worth of banked points. That being said, if you're this stressed on day three, I don't want to think about what you'll be like on day 29.

 

[Countryrunner262]

Just curious if anyone knows. Is SSR a resort that usually passes through, or have you noticed them being ROFR'd. I think direct the wait list is only a week or two. We have a 150 point UY June all points from '12 to current, we are waiting to hear on. We are only on day 4, so we have awhile, we were just curious.

 

[DougEMG]

These are both interesting points....

So, I have to ask. I just put in an offer for VWL. 125 points, Dec use year, all 2013 points and going forward. $79 pp, buyer pays closing and buyer/seller split MF's. The waitlist for VWL is crazy long though.

How does it look?

I know that whatever you would say would be pure speculation, but at this time I can't even begin to guess. I looked at the ROFR thread, and it looks like the only one that has been ROFR'd for VWL was back in Feb. Since then, I think 9 have passed... all with different UY, point amounts, ranging from $60 - mid $70's. Ours was the highest $pp offer.... so I was feeling OK about it. But since nothing has been ROFR'd (at least not documented) since Feb - maybe they are "due"

It's only day 3 since it went to ROFR.

With a long waitlist and if anyone wants the DEC UY then things don't look good. On the other hand, there are no current points available and I beleive Disney would have to provide a direct purchaser with the 2012 UY points since that would be the current UY for the contract.

So cross your fingers and don't worry about it since you can't do anything about it now anyway.

Good luck

 

[DougEMG]

Just curious if anyone knows. Is SSR a resort that usually passes through, or have you noticed them being ROFR'd. I think direct the wait list is only a week or two. We have a 150 point UY June all points from '12 to current, we are waiting to hear on. We are only on day 4, so we have awhile, we were just curious.

The first page in this thread shows what has been ROFR for SSR and this page http://disboards.com/showthread.php?t=2529191&page=19 shows what has been registered by Disney (ie ROFR).

Previously ROFR for SSR never happened, now it does occasionally, most of the time it is passing.

 

[Countryrunner262]

The first page in this thread shows what has been ROFR for SSR and this page http://disboards.com/showthread.php?t=2529191&page=19 shows what has been registered by Disney (ie ROFR).

Previously ROFR for SSR never happened, now it does occasionally, most of the time it is passing.

Thanks for the information!

 

[wdrl]

This is sheer speculation on my part, but I can see a couple other variables that may impact DVD's decision to exercise ROFR.

First, DVD is required to retain 2% of the total points at each resort. Except for AKV and BLT, I don't know what percentage DVD owns at each resort. If DVD's holdings are approaching 2%, then it may need to reacquire points just to stay above that percentage.

Second, it would not surprise me if DVD has set a budget for its ROFR team and the team has to stay within that budget. This might be a bad example, but DVD might give the ROFR team $50,000 to reacquire OKW deeds. The team buys up to $50,000 worth of points, but it won't get any more money until the newly purchased deeds have been resold. If the ROFR team's money is all tied up in deeds awaiting closings, it doesn't have any money to buy another deed. So a resale that DVD might normally ROFR could slip through because the ROFR team is temporarily short of funds. This could also explain why DVD sometimes ROFRs deeds early and sometimes much later in the 30-day ROFR period.

 

[NoleFan]

This is sheer speculation on my part, but I can see a couple other variables that may impact DVD's decision to exercise ROFR.

First, DVD is required to retain 2% of the total points at each resort. Except for AKV and BLT, I don't know what percentage DVD owns at each resort. If DVD's holdings are approaching 2%, then it may need to reacquire points just to stay above that percentage.

Second, it would not surprise me if DVD has set a budget for its ROFR team and the team has to stay within that budget. This might be a bad example, but DVD might give the ROFR team $50,000 to reacquire OKW deeds. The team buys up to $50,000 worth of points, but it won't get any more money until the newly purchased deeds have been resold. If the ROFR team's money is all tied up in deeds awaiting closings, it doesn't have any money to buy another deed. So a resale that DVD might normally ROFR could slip through because the ROFR team is temporarily short of funds. This could also explain why DVD sometimes ROFRs deeds early and sometimes much later in the 30-day ROFR period.

I believe there is a lot of truth to what you are saying. Last time DVC acquired tons of property via ROFR was around April 2 (first Monday or Tuesday after Easter). Timing also happend to be the beginnging of 2nd qaurter from a financial accounting stand point. Coincidence????

 

[CarolMN]

I believe there is a lot of truth to what you are saying. Last time DVC acquired tons of property via ROFR was around April 2 (first Monday or Tuesday after Easter). Timing also happend to be the beginnging of 2nd qaurter from a financial accounting stand point. Coincidence????

Maybe. But I think the recent round of ROFR activity timing had a lot more to do with the March web cast promotion and the fact that the points they had in inventory for the older resorts went much faster than they anticipated.

 

[ELMC]

Maybe. But I think the recent round of ROFR activity timing had a lot more to do with the March web cast promotion and the fact that the points they had in inventory for the older resorts went much faster than they anticipated.

This is an interesting point that has me thinking. Maybe DVD does not ROFR to fill the wait list, but instead tries to sell the inventory of sold out resorts that they currently have, and then exercise ROFR to replenish their inventory. Just one of many possible explanations. I think I'm going to apply for a job at Member Administration and get to the bottom of this.

 

[NoleFan]

Maybe. But I think the recent round of ROFR activity timing had a lot more to do with the March web cast promotion and the fact that the points they had in inventory for the older resorts went much faster than they anticipated.

I definitely think the increase in ROFR activity is a lot due to web cast promo & price increases. However, I believe they must have a given budget for ROFR & contracts bought back must fall within certain financial parameters, profit margins, & such. Perhaps, that's why so much many were ROFR's during the beginning of April instead of taking some at the end of March?

 

[rusafee1183]

That being said, if you're this stressed on day three, I don't want to think about what you'll be like on day 29.

Well, fortunately for me - I leave for a cruise on Saturday and will hopefully be too preoccupied to think about it! At least until day 16 Then I'll be a hot mess for another 2 weeks.

With a long waitlist and if anyone wants the DEC UY then things don't look good. On the other hand, there are no current points available and I beleive Disney would have to provide a direct purchaser with the 2012 UY points since that would be the current UY for the contract.

So cross your fingers and don't worry about it since you can't do anything about it now anyway.

Good luck

This is how I was feeling.... But, you're right! I did the best I could, and there's nothing I can do now! I'll do my best to wait it out and not worry about it.

I don't know how you guys do this over and over!!!

I became attached to this contract as soon as the seller said yes!

 

[ELMC]

I don't know how you guys do this over and over!!!

I became attached to this contract as soon as the seller said yes!

We don't get attached...that's how we do it.

 

[DougEMG]

We don't get attached...that's how we do it.

That's what I was going to say

It's also easier if it isn't your first purchase since one then already has points to play with.

 

[theguda]

That's what I was going to say

It's also easier if it isn't your first purchase since one then already has points to play with.

Those last two comments made me laugh. You guys are so anti-emotional about DVC...just like me.

 

[Missyrose]

Well, fortunately for me - I leave for a cruise on Saturday and will hopefully be too preoccupied to think about it! At least until day 16 Then I'll be a hot mess for another 2 weeks.




This is how I was feeling.... But, you're right! I did the best I could, and there's nothing I can do now! I'll do my best to wait it out and not worry about it.

I don't know how you guys do this over and over!!!

I became attached to this contract as soon as the seller said yes!

We don't get attached...that's how we do it.

That's what I was going to say

It's also easier if it isn't your first purchase since one then already has points to play with.

They're both totally right about not getting too attached to contracts. With DVC purchases, you've got to take the long view. You're going to have the points for decades, so whether it takes two months or eight months to find the right contract, you're still going to have plenty of time to enjoy the points.

And the guys are right, it is much easier to chill during the process when you've already have a contract and you're not missing out on booking anything. Just take a deep breath and step away from the Purchase DVC board for a few weeks. The ROFR panic snowballs and and makes everyone way more antsy than they need to be. Try the trip report board. And dream about future trips.

 

[dbs1228]

I definitely think the increase in ROFR activity is a lot due to web cast promo & price increases. However, I believe they must have a given budget for ROFR & contracts bought back must fall within certain financial parameters, profit margins, & such. Perhaps, that's why so much many were ROFR's during the beginning of April instead of taking some at the end of March?

A lot of contracts were taken in March actually the majority were mid March to the beginning of April but not recorded until April. Not only web cast but announcement of direct price increase came about end of Feb and went into effect March 19 - by that time they were TAKING A BUNCH of contracts.

 

[myxdvz]

That's what I was going to say

It's also easier if it isn't your first purchase since one then already has points to play with.

I don't know. I have points to play with (not a lot), but I was still stressed out! But then again, I'm an "immediate gratification" kinda gal, so I really didn't like the process. It's the "not knowing" that gets me. My OKW contract was I think in the last week of the 30 days when I heard it got ROFRd. It was hard to hear, specially when it's SUCH a good deal


It's a lot better if you take the make and offer and forget about it approach.

I'm kinda waiting for my Wyndham points to transfer, so I am also in wait mode but at least I KNOW I'll get it whenever they finally get done with it.

 

[NoleFan]

A lot of contracts were taken in March actually the majority were mid March to the beginning of April but not recorded until April. Not only web cast but announcement of direct price increase came about end of Feb and went into effect March 19 - by that time they were TAKING A BUNCH of contracts.

I know a lot have been taken in recent months. However,so many more were taken on the first or second day of April- It seemed like nothing passed according to the boards.

 

[rusafee1183]

I don't know. I have points to play with (not a lot), but I was still stressed out! But then again, I'm an "immediate gratification" kinda gal, so I really didn't like the process. It's the "not knowing" that gets me. My OKW contract was I think in the last week of the 30 days when I heard it got ROFRd. It was hard to hear, specially when it's SUCH a good deal

This is my problem... more than anything it's the not knowing that is killing me. If I knew it was a 'YES', but it took months to get the points I think I would be fine. It's the waiting and hoping, just to probably be told no that is killing me.