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Old 02-27-2014, 09:13 AM   #31
panny2727
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anyone know if Disney RoFR's more at a particular time of the month???beginning to load up quota early or end. I saw Disney bought a lot in April of last year on another site but the RoFR's were really low for the summer months
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Old 02-27-2014, 09:45 AM   #32
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anyone know if Disney RoFR's more at a particular time of the month???beginning to load up quota early or end. I saw Disney bought a lot in April of last year on another site but the RoFR's were really low for the summer months
If Disney has new available, that's all they want to sell, more money in it. They will start buying older resorts if there are buyers waiting for them and/or if they don't have not enough new resorts available. DVD is a machine that has to be fed. There is a large sales force that has to be kept busy, we might see an increase in ROFR since the Poly is a couple of years away. My guess is that DVD will convert rooms there to expedite sales availability and to sell pre-completion contracts.

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Old 02-27-2014, 11:04 AM   #33
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If Disney has new available, that's all they want to sell, more money in it. They will start buying older resorts if there are buyers waiting for them and/or if they don't have not enough new resorts available. DVD is a machine that has to be fed. There is a large sales force that has to be kept busy, we might see an increase in ROFR since the Poly is a couple of years away. My guess is that DVD will convert rooms there to expedite sales availability and to sell pre-completion contracts.

Bill
so there is low ROFR going on now because they are too busy selling vgf?? plus it seems no one is selling there VGF anyway...either hanging on or there is no resale market established yet... just the Disney market

If I buy soon , I may pay higher for say SSR. but if the GFV sells out than the sales force will start going ROFR crazy??? I am buying long term, so I will be patient and expect SSR can't really go up any higher unless they decide to do a huge makeover and make it more attractive than it already is.
I have read that SSR may go down over the next year from some here...I understand this is speculation...my worry is with the ROFR activity increase like it did last April.
Another question would be, does ROFR spike every April? or was that just a random time where the Machine was slow??

I understand more clearly now that if people are asking DVC directly for older timeshares than they will snatch up a ROFR and resell it as there own new contract

My only logical thought to more ROFR's in April is there are more DVC sales of older buildings because its cheaper for someone not doing a lot of research at the DVC store than say buying into VGF...And there are probably a lot of vacation week spur of the moments sales that they get during this time of the year???

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Old 02-27-2014, 11:29 AM   #34
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so there is low ROFR going on now because they are too busy selling vgf?? plus it seems no one is selling there VGF anyway...either hanging on or there is no resale market established yet... just the Disney market

If I buy soon , I may pay higher for say SSR. but if the GFV sells out than the sales force will start going ROFR crazy??? I am buying long term, so I will be patient and expect SSR can't really go up any higher unless they decide to do a huge makeover and make it more attractive than it already is.
I have read that SSR may go down over the next year from some here...I understand this is speculation...my worry is with the ROFR activity increase like it did last April.
Another question would be, does ROFR spike every April? or was that just a random time where the Machine was slow??
Again it's about the money. If Disney has SSR buyers waiting, they will ROFR SSR or any other resort should they decide that they need the inventory to keep sales going. They also get inventory from foreclosures and defaults.

So in DVD's world, it's sell new resorts first, then foreclosures and defaults and if you have to, ROFR.

In case you didn't know, DVD is under new management and who knows what the new guy has orders to do or how he will do it.

I think April was just a fluke unless DVD has some internal reason that we don't know about.

For Disney it's not about the magic or the idea of buying or selling a piece of the mouse or Walt, it's about going to work every day, making a profit, hitting bench marks to get their bonus and putting food on their tables. Buyers who understand this are far better equipped to make the business decision to buy a pre-paid hotel room through DVD or resale.

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Old 02-27-2014, 11:40 AM   #35
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Again it's about the money. If Disney has SSR buyers waiting, they will ROFR SSR or any other resort should they decide that they need the inventory to keep sales going. They also get inventory from foreclosures and defaults.

So in DVD's world, it's sell new resorts first, then foreclosures and defaults and if you have to, ROFR.

In case you didn't know, DVD is under new management and who knows what the new guy has orders to do or how he will do it.

I think April was just a fluke unless DVD has some internal reason that we don't know about.

For Disney it's not about the magic or the idea of buying or selling a piece of the mouse or Walt, it's about going to work every day, making a profit, hitting bench marks to get their bonus and putting food on their tables. Buyers who understand this are far better equipped to make the business decision to buy a pre-paid hotel room through DVD or resale.

Bill

thanks for the info Bill, I have been researching for a few months, just closed on a HELOC and have it available to make a purchase. I am fine with getting say 300 points at $73 per point but if I can get it at $65, than why not...$55 even better.....If its say $60 a point than I will seriously consider 350-400 points per year... What I have found is the more research....The better...
I know I want SSR's 40 years of contract at a lower buy in price and lower maintenance dues... I would possibly go into something with similar dues and length if the prices shot down for some reason. Not going to impulse buy this spring I think but I may go for a double loaded contract for 200 points if the price is right and it doesn't get ROFR'd

All this Snow and Cold in Southern New England may force me into the latter decision....Hence the next big storm coming here in a few days.

any thought on this offer at this time if the buyer accepted $63 per point at SSR for 400 points?? with no current points and UY of September. so 400 points coming on 9/14. so they are available now if I want.. I see 81 of 82 made it through ROFR for January at average of 71.75 but the one ROFR was $74 per point

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Old 02-27-2014, 11:59 AM   #36
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thanks for the info Bill, I have been researching for a few months, just closed on a HELOC and have it available to make a purchase. I am fine with getting say 300 points at $73 per point but if I can get it at $65, than why not...$55 even better.....If its say $60 a point than I will seriously consider 350-400 points per year... What I have found is the more research....The better...
I know I want SSR's 40 years of contract at a lower buy in price and lower maintenance dues... I would possibly go into something with similar dues and length if the prices shot down for some reason. Not going to impulse buy this spring I think but I may go for a double loaded contract for 200 points if the price is right and it doesn't get ROFR'd

All this Snow and Cold in Southern New England may force me into the latter decision....Hence the next big storm coming here in a few days.
My advice to you is to buy where you love to stay unless you 2000% don't care where you sleep. We have purchased several home resorts that have turned out not to be our favorites. After a few years when the honeymoon phase is over, you will probably be spending more time outside of the parks and more time at your resort(s).

Choose the correct UY for free added insurance and buy smaller contracts for added flexibility later should you want to sell part of your holdings.

Buying isn't a final transaction but selling has a price. If we did it over again, I would buy SSR knowing that I probably would sell it after staying at all of the resorts to see how they fit. Split stays for a couple of years can be fun and you can really get a sense of the resort(s) rooms, amenities, and area.

Reading until your eyes turn red is one way to learn but experiencing the resort first hand is the best teacher.

Bill
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Old 02-27-2014, 12:04 PM   #37
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just closed on a HELOC and have it available to make a purchase. I am fine with getting say 300 points at $73 per point but if I can get it at $65, than why not...$55 even better.....If its say $60 a point than I will seriously consider 350-400 points per year... What I have found is the more research....
Not trying to judge but perhaps you should look at a smaller contract and pay cash rather than leveraging your home.

If you're comfortable with say $65, then make offers at $65 regardless of listing price. You'll get lots of rejections, but you might get a buyer willing to take that. There are a lot of SSR contracts out there.

And you won't see much VGF for a few years because the most likely to see are those who financed through Disney. And only after a few months into the financing, they are better off defaulting on it since they will likely owe money when they go through resale.
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Old 02-27-2014, 12:07 PM   #38
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My advice to you is to buy where you love to stay unless you 2000% don't care where you sleep. We have purchased several home resorts that have turned out not to be our favorites. After a few years when the honeymoon phase is over, you will probably be spending more time outside of the parks and more time at your resort(s).

Choose the correct UY for free added insurance and buy smaller contracts for added flexibility later should you want to sell part of your holdings.

Buying isn't a final transaction but selling has a price. If we did it over again, I would buy SSR knowing that I probably would sell it after staying at all of the resorts to see how they fit. Split stays for a couple of years can be fun and you can really get a sense of the resort(s) rooms, amenities, and area.

Reading until your eyes turn red is one way to learn but experiencing the resort first hand is the best teacher.

Bill
I like the variety option.... don't need to be in the same resort so that's why I am choosing SSR. IF you buy 400 points must you sell them at 400 or can you split it up?? assuming I can't by your previous post
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Old 02-27-2014, 12:09 PM   #39
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Not trying to judge but perhaps you should look at a smaller contract and pay cash rather than leveraging your home.

If you're comfortable with say $65, then make offers at $65 regardless of listing price. You'll get lots of rejections, but you might get a buyer willing to take that. There are a lot of SSR contracts out there.

And you won't see much VGF for a few years because the most likely to see are those who financed through Disney. And only after a few months into the financing, they are better off defaulting on it since they will likely owe money when they go through resale.
unfortunately don't have the cash for that but we can afford a monthly payment of say $350 for 8 years without killing our vacation habits
don't talk me out of it. lol... I am the stay at home dad till September this year than I can part time work and pay it off extremely fast cause my income will be bonus income or fulltime as super bonus money, but daycare costs etc will climb...

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Old 02-27-2014, 12:28 PM   #40
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Not trying to judge but perhaps you should look at a smaller contract and pay cash rather than leveraging your home.

If you're comfortable with say $65, then make offers at $65 regardless of listing price. You'll get lots of rejections, but you might get a buyer willing to take that. There are a lot of SSR contracts out there.

And you won't see much VGF for a few years because the most likely to see are those who financed through Disney. And only after a few months into the financing, they are better off defaulting on it since they will likely owe money when they go through resale.
Not everyone may be in this position, but I would argue if you have the cash to pay for DVC, you might be better putting that cash towards your mortgage or investing it, and then borrowing it via a 5 year HEL at 2.49%. That HEL will be tax deductible and you can likely get a better return on your own.
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Old 02-27-2014, 12:34 PM   #41
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Not everyone may be in this position, but I would argue if you have the cash to pay for DVC, you might be better putting that cash towards your mortgage or investing it, and then borrowing it via a 5 year HEL at 2.49%. That HEL will be tax deductible and you can likely get a better return on your own.
good points chuck %3.24 at 8 years is like 355 a month, 7 years at $399...IF I MAKE 4 ONE TIME PAYMENTS EVERY YEAR OF $3000 DOLLARS IT WILL TAKE ME 57 PAYMENTS TO PAY OFF 30K. at 355 a month for those 57 months...

I'm not dumb enough to foreclose. I would rather pay it off and rent than, go and foreclose on the timeshare and still owe on my house. If I couldn't afford it.. I would sell it. Its not that we are broke... but I am not depletting our savings for a timeshare. a Heloc is flexible so I can pay it in 6 years or 30 years, which ever I choose.. yes more interest but vacations are sure to double or triple in the next 20 years from todays rates...dues go up... I get that ... its the price to pay for deluxe over the value and moderate resorts

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Old 02-27-2014, 12:56 PM   #42
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good points chuck %3.24 at 8 years is like 355 a month, 7 years at $399...IF I MAKE 4 ONE TIME PAYMENTS EVERY YEAR OF $3000 DOLLARS IT WILL TAKE ME 57 PAYMENTS TO PAY OFF 30K. at 355 a month for those 57 months...
If you can do it in 60 months, I highly recommend Penfed. Anyone can join.

https://www.penfed.org/Home-Equity-Loan/?WT.ac=1230

They have fixed HEL for 2.49% up to 60 months.
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Old 02-27-2014, 12:58 PM   #43
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I like the variety option.... don't need to be in the same resort so that's why I am choosing SSR. IF you buy 400 points must you sell them at 400 or can you split it up?? assuming I can't by your previous post
What you buy is what you sell, you can't split up a contract.

I know that you don't need to be in the same resort but what happens in a few years when you decide that BWV feels like home, you find yourself wanting to stay there more than other resorts and you can't always get the reservation you want, when you want. You are spending a ton of money to own a contract and even more to vacation at WDW. Not being able to get your favorite resort may be a bummer.

Some people buy a car just to get them to work, for others the model of the car makes a difference and they enjoy their car enough to spend a little more to get what they want.

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Old 02-27-2014, 01:07 PM   #44
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I like the variety option.... don't need to be in the same resort so that's why I am choosing SSR. IF you buy 400 points must you sell them at 400 or can you split it up?? assuming I can't by your previous post
With that many points, rather that trying to absolutely minimize costs, I would choose to spread it over 2 or 3 different home resorts. You might get 100 BLT and 100 BWV (If those are your top 2), and then 200 SSR. This way you can use the 200 SSR points for the <7 month reservations, and you can use the other ones to book something 11 months out for those times when you want to make sure you get what you want.
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Old 02-27-2014, 01:11 PM   #45
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What you buy is what you sell, you can't split up a contract.

I know that you don't need to be in the same resort but what happens in a few years when you decide that BWV feels like home, you find yourself wanting to stay there more than other resorts and you can't always get the reservation you want, when you want. You are spending a ton of money to own a contract and even more to vacation at WDW. Not being able to get your favorite resort may be a bummer.

Some people buy a car just to get them to work, for others the model of the car makes a difference and they enjoy their car enough to spend a little more to get what they want.

Bill
thanks I may go the route of 2 160-200 pointers over the next couple years...
we liked AKV....stayed at a couple of the moderates and they were homey enough for me...I probably would go for the lodge but I live in a log cabin already... I think everything else is out of my budget for my vacationing needs IE buying at BLT or VGF or poly for that.. The mid deluxe pricing is attractive to me...trying to buy in the 60-80 pp range for 2054 and above dated resorts, ie AKV..SSR but might go for a real attractive lodge price.. My goal we be to try and get other family members to join us but realize that its a personal family decision and would just hope they would want to join us during a couple weeks of cold winter months
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