Monthly ROFR Data - UPDATED 05/07/2013 - Page 4 - The DIS Discussion Forums

margitmouse · 09-08-2010, 10:18 PM

Quote:

Originally Posted by corpcomp

But again, the real question is: why are they buying back so much BCV versus all others?

I'm finding this all very interesting too.... I was interested in a small 30 pt BCV add-on, through Disney, and my guide discouraged me from doing it. I took that at face value, but wonder....
maybe it makes sense since it was so small, but I just hate thinking I might have to second guess through machiavelian intrigue at DVC, I get too much of that at work!!!

princessbride6205 · 09-09-2010, 09:42 AM

Wow, I love this data! In part because it is really interesting info, but also because I'm a bit of a numbers geek. Thanks for your work on this!

bom_noite · 09-14-2010, 07:05 AM

Quote:

Originally Posted by JimMIA

Wow, 335 foreclosures (or equivalent) in two months is a LOT.

Especially when you realize that DVC sold most of their financing deals in the secondary market until it dried up a year or two ago. They really should not be holding that many mortgages...at least theoretically unless they had some recourse agreements.

1) This is purely magical data! You sir are a True DVC Geek - and absolutely no disrespect is intended. Rather, I only have admiration for your research and diligence - this is the stuff I love to do!

2) Jim - I scanned the entire post a few times and could not see where your 335 Foreclosures was previously mentioned. I am not saying you are wrong - I am certain you are correct. But, am curious where that number came from?

3) The fact that DVC is not RFOR'ing makes all the sense in the world when you consider they probably have excess inventory through foreclosures. Obviously the economy is driving that - but - every time you sign up a new member or finance an add-on you increase your odd's Loans / Dues will not be paid.

So, this trend may last a bit longer. But, I am very uneducated when it comes to these types of things - so - who knows?

wdrl · 09-14-2010, 08:30 AM

Quote:

Originally Posted by bom_noite

2) Jim - I scanned the entire post a few times and could not see where your 335 Foreclosures was previously mentioned. I am not saying you are wrong - I am certain you are correct. But, am curious where that number came from?

The confusion is caused by some poor editing on my part. When I started this thread, I included in Post #1 some information about foreclosures. JimMIA quoted part of that original post. Then, when I updated the chart to include August data, I edited part of the original text and zapped out much of the information about the number of foreclosures. Sorry for the confusion!!

jimsanfilippo · 09-15-2010, 08:37 AM

My offer to buy 200 BWV points (16 this year, 200 more 08/11) just cleared ROFR at $50/pt yesterday.

kverdon · 10-01-2010, 01:28 PM

Hmm, our offer for BCV (DEC) 100 points at 80/point with 100 banked 09 points got ROFR'd 9/28.

Kevin and Mona

ClarabelleCow · 10-01-2010, 01:44 PM

Quote:

Originally Posted by jimsanfilippo

My offer to buy 200 BWV points (16 this year, 200 more 08/11) just cleared ROFR at $50/pt yesterday.

Thats kind of a scary price for BWV. So much for Disney keeping the pricing up. Wonder if it slipped through the cracks or a sign of the times.

corpcomp · 10-01-2010, 02:38 PM

Quote:

Originally Posted by ClarabelleCow

Thats kind of a scary price for BWV. So much for Disney keeping the pricing up. Wonder if it slipped through the cracks or a sign of the times.

Remember BWV does have that scary clown

jimsanfilippo · 10-01-2010, 07:32 PM

Quote:

Originally Posted by kverdon

Hmm, our offer for BCV (DEC) 100 points at 80/point with 100 banked 09 points got ROFR'd 9/28.

Kevin and Mona

Yep, BCV is the one they are definitely concentrating their ROFRs on!

jimsanfilippo · 10-01-2010, 07:37 PM

Quote:

Originally Posted by ClarabelleCow

Thats kind of a scary price for BWV. So much for Disney keeping the pricing up. Wonder if it slipped through the cracks or a sign of the times.

I don't think there were any cracks that it slipped through. Looking at this thread was AWESOME information and I knew BCV was the one Disney was concentrating on and that BWV had no ROFRs in the past 3 months.

After I closed on this sale a DISBoard admin said he knows of a BWV sale at $33/pt in August. He didn't give any details beyond that, however.

Sandisw · 10-02-2010, 08:32 AM

Quote:

Originally Posted by jimsanfilippo

I don't think there were any cracks that it slipped through. Looking at this thread was AWESOME information and I knew BCV was the one Disney was concentrating on and that BWV had no ROFRs in the past 3 months.

After I closed on this sale a DISBoard admin said he knows of a BWV sale at $33/pt in August. He didn't give any details beyond that, however.

Yes, it was posted as a transaction between people who knew each other but still, it was a great deal as is yours!!!

krikiter · 10-04-2010, 09:54 AM

Quote:

Originally Posted by corpcomp

Thanks - again heavily buying back BCV. Something is going on there.

I'm guessing that DVC has an inventory "floor" that they try to maintain at each resort for add-ons. After all, if you've got a current member "on the hook" who's willing to pay $100 - $115 pp to add-on, you'd want to close the deal before they consider going resale. Putting them on a waitlist risks lost revenue.

BCV's small size means tight supply and it's convenient location (especially during this time of year with F&W) mean high demand. I wouldn't be surprised if it's one of the more popular add-on locations.

Once the BCV on-hand inventory get to where it needs to be (or demand slacks), I'm guessing will see the ROFRs drop off, or shift to a different resort.

I'm just hoping it won't be VWL next, or at least until my contract gets through.

wdrl · 10-08-2010, 01:03 PM

The chart below reflects updated data through September 30, 2010, on deeds reacquired by Disney, mainly via the ROFR process:

Disney continues to spend most of its ROFR efforts on reacquiring BCV points. In September 2010, the 3,635 BCV points were reacquired by Disney at prices ranging from $55.00 to $83.50 per point. The average price for the BCV points was $71.67/point.

The BWV deed that was reacquired at a cost of $67.00/point.

Disney also reacquired a BLT deed. However, I suspect this deed was not reacquired by Disney through the "normal" ROFR process. According to the sale/consideration information recorded with the Orange County Comptroller, the BLT deed was reacquired at $120.00 a point, which is the full, non-discounted price for BLT. In addition, Disney reacquired this deed only a few weeks after it had been sold to the original buyer. Thus, it appears to me that Disney may have been taking back this deed for reason unrelated to it right of first refusal.

krikiter · 10-12-2010, 08:14 AM

I appreciate your efforts on maintaining this. I tried to get at the data myself through the comptroller's website, but couldn't get through the "noise" of OKW extensions, etc. This is really good info you're putting together.

How long does it take you to do this every month, anyway?

n2mm · 10-12-2010, 09:38 AM

Quote:

Originally Posted by jimsanfilippo

My offer to buy 200 BWV points (16 this year, 200 more 08/11) just cleared ROFR at $50/pt yesterday.

That's great! Did you make an offer? I've been watching the resale stuff and not sure where to start and what type of offer I would like to make. I think your price is unique and not the norm.

09-09-2010, 09:42 AM	#47
princessbride6205 DIS Veteran Join Date: May 2006 Location: Minneapolis, MN Posts: 1,890	Wow, I love this data! In part because it is really interesting info, but also because I'm a bit of a numbers geek. Thanks for your work on this! __________________ Nicole DH DD(5) *If there's a trip, there's a race!* 2010 Princess Half * 2011 Wine & Dine Half * 2012 Wine & Dine Half * 2013 WDW Marathon Next up: 2013 Dumbo Double Dare with Coast to Coast!

09-15-2010, 08:37 AM	#50
jimsanfilippo Mouseketeer Join Date: Mar 2009 Location: Milwaukee, WI Posts: 164	200 BWV Points for $50 My offer to buy 200 BWV points (16 this year, 200 more 08/11) just cleared ROFR at $50/pt yesterday. __________________ 2012 Orbit One Villas (Horrible! Never again!) 2012 (Disneyland) HoJo Plaza Hotel Anaheim 2012 Saratoga Springs Resort & Spa 2012 Bay Lake Towers 2011 (Disneyland) Grand Californian Villas 2011 Windsor Hills Resort 2010 The Palms Hotels & Villas 2010 (Disneyland) Peacock Suites 2009 Animal Kingdom Villas 2009 Liki Tiki Village 2008 Magical Memories Villas 2006 Coronado Springs/Comfort Suites Maingate East 2006 Comfort Suites Maingate East 2005 Wilderness Lodge 2004 Universal Area Hotel 2003 Wilderness Lodge 1997 Wilderness Lodge/Niki Bird 1991 Small, cheap motel 1990 Small, cheap motel 1981 Orlando Area Campground

10-08-2010, 01:03 PM	#58
wdrl DIS Veteran Join Date: May 2009 Location: BLT & AKV Posts: 1,908	Updated Monthly Data for September 2010 The chart below reflects updated data through September 30, 2010, on deeds reacquired by Disney, mainly via the ROFR process: Disney continues to spend most of its ROFR efforts on reacquiring BCV points. In September 2010, the 3,635 BCV points were reacquired by Disney at prices ranging from $55.00 to $83.50 per point. The average price for the BCV points was $71.67/point. The BWV deed that was reacquired at a cost of $67.00/point. Disney also reacquired a BLT deed. However, I suspect this deed was not reacquired by Disney through the "normal" ROFR process. According to the sale/consideration information recorded with the Orange County Comptroller, the BLT deed was reacquired at $120.00 a point, which is the full, non-discounted price for BLT. In addition, Disney reacquired this deed only a few weeks after it had been sold to the original buyer. Thus, it appears to me that Disney may have been taking back this deed for reason unrelated to it right of first refusal. __________________

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10-01-2010, 01:28 PM	#51
kverdon Earning My Ears Join Date: Jul 2006 Posts: 33	Hmm, our offer for BCV (DEC) 100 points at 80/point with 100 banked 09 points got ROFR'd 9/28. Kevin and Mona

10-12-2010, 08:14 AM	#59
krikiter Earning My Ears Join Date: Jan 2010 Posts: 48	I appreciate your efforts on maintaining this. I tried to get at the data myself through the comptroller's website, but couldn't get through the "noise" of OKW extensions, etc. This is really good info you're putting together. How long does it take you to do this every month, anyway?