DVC RESALES
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Old 05-30-2013, 10:50 PM   #2776
Nabas
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Originally Posted by fmer55 View Post
So when you are not busy, you call Fidelity and ask them which contracts listed have balances and which don't?
Sure, when I call about a property I'm interested in, curiosity gets the better of me and so I usually ask "So what's the story on that high priced DVC?" Sometimes, I can't help it. "'Enquiring' minds want to know!"

Most of the time, it's driven by a loan balance. Other times it's "that's what they paid so that's want they want."
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Old 05-30-2013, 11:53 PM   #2777
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So many tricks to this resale buying thing, so glad I have found this knowledge
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Old 05-31-2013, 05:19 AM   #2778
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So when you are not busy, you call Fidelity and ask them which contracts listed have balances and which don't?
Only when I want to make an offer.
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Old 05-31-2013, 02:11 PM   #2779
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OKW contract passed

Here is the line on my latest OKW contract:

lville23 --- 120 OKW (Dec), $55, 13 2012 pts (banked), 120 2013 pts, 120 2014 pts, split 2013 mf, buyer pays closing (sub 4/10, passed 5/6)

There is a whole backstory as to why I am just now posting & still waiting to close, which is for another thread. Also, I am awaiting ROFR decision on the following contract:

lville23 --- 105 BLT (Dec), $87, 66 2012 pts (banked), 105 2013 pts, 105 2014 pts, buyer pays 2013 MF & Closing (sub 5/23, awaiting ROFR)
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Old 05-31-2013, 02:19 PM   #2780
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Originally Posted by lville23 View Post
Here is the line on my latest OKW contract:

lville23 --- 120 OKW (Dec), $55, 13 2012 pts (banked), 120 2013 pts, 120 2014 pts, split 2013 mf, buyer pays closing (sub 4/10, passed 5/6)

There is a whole backstory as to why I am just now posting & still waiting to close, which is for another thread. Also, I am awaiting ROFR decision on the following contract:

lville23 --- 105 BLT (Dec), $87, 66 2012 pts (banked), 105 2013 pts, 105 2014 pts, buyer pays 2013 MF & Closing (sub 5/23, awaiting ROFR)
Awesome, what broker are you using.
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Old 05-31-2013, 03:16 PM   #2781
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Updated list on page 162.
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Old 05-31-2013, 03:22 PM   #2782
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Originally Posted by lville23 View Post
Here is the line on my latest OKW contract:

lville23 --- 120 OKW (Dec), $55, 13 2012 pts (banked), 120 2013 pts, 120 2014 pts, split 2013 mf, buyer pays closing (sub 4/10, passed 5/6)
This looks like a nice contract
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Old 05-31-2013, 03:41 PM   #2783
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lville23 --- 105 BLT (Dec), $87, 66 2012 pts (banked), 105 2013 pts, 105 2014 pts, buyer pays 2013 MF & Closing (sub 5/23, awaiting ROFR)
Wow! Awesome deal. Thanks for posting. Makes me feel better when I'm offering 90 on non-loaded contracts and the broker keeps saying "That's much lower than what BLT is selling".
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Old 05-31-2013, 06:43 PM   #2784
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Wow! Awesome deal. Thanks for posting. Makes me feel better when I'm offering 90 on non-loaded contracts and the broker keeps saying "That's much lower than what BLT is selling".
LOL I get that too, even though I see sweet deals going through here. So I guess we just ignore the brokers and ask for what we want
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Old 05-31-2013, 07:32 PM   #2785
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We are just beginning ROFR on a 160pt BLT contract 90pp with all 2013 pts and going forward. Buyer pays MF and closing. We have been working with Fidelity and they thought that seemed reasonable.
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Old 05-31-2013, 08:33 PM   #2786
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Quote:
Originally Posted by lville23 View Post
Here is the line on my latest OKW contract:

lville23 --- 120 OKW (Dec), $55, 13 2012 pts (banked), 120 2013 pts, 120 2014 pts, split 2013 mf, buyer pays closing (sub 4/10, passed 5/6)

There is a whole backstory as to why I am just now posting & still waiting to close, which is for another thread. Also, I am awaiting ROFR decision on the following contract:

lville23 --- 105 BLT (Dec), $87, 66 2012 pts (banked), 105 2013 pts, 105 2014 pts, buyer pays 2013 MF & Closing (sub 5/23, awaiting ROFR)
Now this really baffles me I think there is still a wait list for OKW yet this passes (yea good for you!!!!) yet the BCV at 77.00PP stripped gets taken???? Go figure
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Old 05-31-2013, 08:43 PM   #2787
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Now this really baffles me I think there is still a wait list for OKW yet this passes (yea good for you!!!!) yet the BCV at 77.00PP stripped gets taken???? Go figure
I'm convinced Use Year matters.
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Old 06-01-2013, 08:53 AM   #2788
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Now this really baffles me I think there is still a wait list for OKW yet this passes (yea good for you!!!!) yet the BCV at 77.00PP stripped gets taken???? Go figure
There is two possible reasons, use year in waiting list is not this one. Second if points needed for wait list matches they will take it at any price. Another thing I learned on breaking are combining resale contract by Disney, they can break easily in two or three contract as needed, but they can not combine until unless points are same use year and coming from same unit. So all these play a role deciding ROFR.
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Old 06-01-2013, 09:18 AM   #2789
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There is two possible reasons, use year in waiting list is not this one. Second if points needed for wait list matches they will take it at any price. Another thing I learned on breaking are combining resale contract by Disney, they can break easily in two or three contract as needed, but they can not combine until unless points are same use year and coming from same unit. So all these play a role deciding ROFR.
I do not believe they will take a contract at any price if someone is on the wait list since they have not been doing that - many have passed at less then 77.00PP with UY that people on another thread are and have been waiting for since early March. I guess we will never know other then they have a list of criteria to go by to make their decision - some which make no sense.
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Old 06-01-2013, 10:36 AM   #2790
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I do not believe they will take a contract at any price if someone is on the wait list since they have not been doing that - many have passed at less then 77.00PP with UY that people on another thread are and have been waiting for since early March. I guess we will never know other then they have a list of criteria to go by to make their decision - some which make no sense.
I wonder if it has something to do with getting points to match exactly.

Let's say there are 3 on the Waiting List (WL) at a specific resort for a specific UY at 25, 30, and 100 points, a total of 155 points. (Direct sales at sold-out resorts average only about 100 points per transaction. It seems a lot are simply looking to add-on.) Now a 200-point resale comes onto the market. Is Disney going to exercise ROFR if the price is moderate-to-high? After all, they could be stuck carrying those excess 45 points for a while, which hurts Return on Investment (ROI).

The WL has expanded greatly in the last few months but this seems to be a recent event. What happens when the current demand, which seems to have been triggered by price increases, is satisfied? After all, Disney actually offered free theme park tickets for BWV purchases only a few months ago. IMHO, this indicates they felt they were sitting on excessive BWV inventory. They don't want to get into that situation again.

DVD doesn't have an infinite budget to spend on resales. In any given month, they should be ROFR'ing in order to maximize ROI. Even if they have WLs at multiple resorts, these WLs seem to be recent events. When they budgeted for 2013, did they anticipate WLs to expand to the extent that they have? Again, these long WLs are, I believe, a relatively new phenomenon so my guess is they did not. I wouldn't be surprised if their "ROFR money" is limited.

Compared to the number of points sold at new resorts, Disney doesn't sell a lot of points at sold-out resorts. For DVD, they represent only a fraction of the business. Their focus remains on resorts that are not sold-out, which provide the greatest margins and greatest number of points to sell. In the long run, Disney is better off hoping anyone on the WL gives up and buys at VGF or AKV, which have much greater margins.

All this suggests to me that there definitely is a logical reasoning for the way Disney ROFRs, it's just that we aren't privy to enough information to be able to predict which deeds Disney is going to ROFR.
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