DVC RESALES
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Old 06-01-2013, 10:10 AM   #2791
brelyt
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Wanted to add our purchase to this thread. OKW 230 points, February use year, $65 pp, 230 banked points from 2012, all 2013 forward, buyer pays closing and MF. Sent to Disney on 5/30. Let the wait begin.
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Old 06-01-2013, 11:07 AM   #2792
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Originally Posted by dbs1228 View Post

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 guess you have missed the point of breaking and adding rules from my post.
Nabas did gave one example to your reply. The rules are on original deed that explains erratic ROFR, which we try to understand many times but do not come to a logical explanation. Disney is still bound by the original rules, they do have better breaking ability but lakes breaking ability so would not take one which they can not use right away as Nabas explains.
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Old 06-01-2013, 11:16 AM   #2793
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Originally Posted by Nabas View Post
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.
Lot of these must be true, and explains very erratic ROFR. Disney lakes adding ability they have to have same unit and use year to do that, so they will not break to the point they have left over.

For example, three people in waiting list looking to add 25, 50 and 25 points for dec use year, if a 100 point contract with dec use year comes in they will take it even for higher price. But a 110 point contract on low price will pass because they can not use left over 10 point.
In the same scenario even if they had a need of 200 point and other in ROFR process was 90 point with low price both CAN pass if they are from different unit, same unit contract Disney will be lotto winner, both will be taken. Even breakup easy to take.
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Old 06-01-2013, 01:04 PM   #2794
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ROFR pie chart

Hope everyone is enjoying their weekend, maybe somebody can help me out here?

I'm trying to find that pie chart that exists that showed which UY Disney was more likely to exercise ROFR for ie. the most popular UY's out there. Can anyone recall where this info/chart was?!

Thanks
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Old 06-01-2013, 01:07 PM   #2795
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Hope everyone is enjoying their weekend, maybe somebody can help me out here?

I'm trying to find that pie chart that exists that showed which UY Disney was more likely to exercise ROFR for ie. the most popular UY's out there. Can anyone recall where this info/chart was?!

Thanks
DVC Point Distribution by UY

http://dvcnews.com/index.php/dvc-pro...ts-by-use-year
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Old 06-01-2013, 02:09 PM   #2796
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Updated list on page 162.
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Old 06-01-2013, 09:22 PM   #2797
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Awesome, what broker are you using.
Both contracts are through Fidelity. Found out the OKW contract passed ROFR 10 days after broker was notified by Disney. In that time I had called and emailed multiple times and repeatedly heard that "we should hear back soon." They ultimately waived the admin fee on both the OKW and BLT contracts. More to the story, but for another thread. With their distressed sellers they have some deals if you keep your eye out, but comes with risks. I previously "lost" two 50 pt OKW contracts, details are on page 162, as the seller backed out after the deal passed Disney's ROFR. Seller was "upside down" on it and couldn't bring cash to close. I guess I didn't learn...
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Old 06-02-2013, 08:48 PM   #2798
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Well, it's day 27 of ROFR for us. Really hoping to hear back tomorrow or Tuesday.

I know there were a few people who submitted at the same time we did, so pixie dust to everyone that we all pass!!!

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Old 06-02-2013, 09:36 PM   #2799
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Originally Posted by rusafee1183 View Post
Well, it's day 27 of ROFR for us. Really hoping to hear back tomorrow or Tuesday.

I know there were a few people who submitted at the same time we did, so pixie dust to everyone that we all pass!!!

Sent from my iPhone using DISBoards
Good luck to you as well....I am on day 28

Last edited by drpepr; 06-02-2013 at 10:37 PM.
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Old 06-02-2013, 10:16 PM   #2800
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Originally Posted by rusafee1183 View Post
Well, it's day 27 of ROFR for us. Really hoping to hear back tomorrow or Tuesday.

I know there were a few people who submitted at the same time we did, so pixie dust to everyone that we all pass!!!

Sent from my iPhone using DISBoards
Good luck! We are on day 28 today. Hoping to hear this week!
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Old 06-03-2013, 04:36 AM   #2801
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Good luck! We are on day 28 today. Hoping to hear this week!
Day 28 for us to.....
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Old 06-03-2013, 06:11 AM   #2802
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Day 28 for us to.....
Day 27 for us good luck to everyone else that is waiting

makes me wonder why some that had there contract sumitted after ours have aready got good news in 2-3 weeks?

Hoping for good news today or tomorrow,
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Old 06-03-2013, 06:27 AM   #2803
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Day 27 for us good luck to everyone else that is waiting
Same to you
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Old 06-03-2013, 06:58 AM   #2804
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Day 28 for us to.....
Good luck!
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Old 06-03-2013, 07:00 AM   #2805
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Good luck to all those waiting! Hopefully over the next 3 days there will be a lot of good news!
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