Monthly ROFR Data - UPDATED 05/07/2013

Discussion in 'Purchasing DVC' started by wdrl, Aug 9, 2010.

  1. AllieV

    AllieV DIS Veteran

    Joined:
    Jul 30, 2007
    Messages:
    890
    Well I guess that was bound to happen. I'm curious to see how OKW stands with May buybacks. 13 in April is high compared to all the other locations. Plus I saw 2 ROFRd VB contracts this month, which increases that number by 50% since 2010, lol, why would disney want all those?
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. wdrl

    wdrl DIS Veteran

    Joined:
    May 15, 2009
    Messages:
    2,855
    Through May 23, 2012, DVD has reacquired 16 OKW deeds containing 3,278 points so far this month. At this rate, more OKW deeds will be reacquired than in any other month since June 2010, when I started tracking this information.

    I can only speculate why so many OKW deeds are being reacquired at this time by DVD. The obvious answer is that DVD can reacquire points cheaply (under $50/point) and sell them at a price ($100/point) that lets it make a nice profit.

    The demand for OKW direct sales is unspectacular but steady. DVD has already sold 3,470 OKW points in May, which puts them on a pace to sell about 4,500 OKW points for the month. So what DVD reacquires today seems to be turned around and sold again within a few weeks.

    I think that the internet and, by extension, the disboards, help DVD reacquire more OKW points. Let me explain: Someone on the internet reports they bought OKW for $52, so the next person wants to buy for $50. Next, someone wants to buy OKW for $48. Even though there was documented proof in late 2011 that DVD was ROFRing OKW deeds under $50/point, people continue to try to buy OKW under $45. Thus, DVD gets a steady stream of low priced resale transactions that it can snap up.

    I also wonder if OKW's age also plays a factor in OKW's high ROFR numbers. Perhaps OKW sellers have been owners for 15-20 years and bought their points for under $60/point. Thus, these owners are quite willing to sell for under $50 a point because they have more than recovered their initial purchase.
     
  4. carlbarry

    carlbarry DIS Veteran

    Joined:
    Oct 28, 2007
    Messages:
    1,456
    Someone posted on another thread that they just returned from WDW, and while there purchased OKW from DVC.
     
  5. AllieV

    AllieV DIS Veteran

    Joined:
    Jul 30, 2007
    Messages:
    890
    Wow, 16 in May alone? Let's hope OKW keeps them distracted from other resorts for another month :goodvibes
     
  6. wdrl

    wdrl DIS Veteran

    Joined:
    May 15, 2009
    Messages:
    2,855
    May 2012 had the largest number of deeds and points reacquired by Disney Vacation Development via the Warranty Deed/ROFR process since I began tracking this data in June 2010. Twenty-nine deeds containing 6,198 points were reacquired by DVD in May, which easy bested the previous highs of 21 deeds and 4,600 points in October 2010.

    As has been the case since August 2011, more deeds and points were reacquired for Old Key West than any other DVC resort for which data is tracked. In May 2012, 20 OKW deeds and 4.043 points were reacquired. Boardwalk Villas was a surprising second with 4 deeds and 1,385 points. BWV's point total was somewhat skewed by the fact the DVD reacquired a BWV deed that had 735 points.

    Unfortunately, I can no longer determine the price at which DVD reacquired these deeds. This information is no longer displayed by the recording agencies on their public websites.

    [​IMG]
     
  7. DenLo

    DenLo DIS Veteran

    Joined:
    Jun 3, 2009
    Messages:
    5,288
    To me it's obvious that all those people that bid less than $50 per point on an OKW contract have an excellent chance of being ROFRd. If you look at Donald is #1's ROFR thread, http://www.disboards.com/showpost.php?p=44973264&postcount=2552 you'll see that her thread documents that those bids are mainly ROFRd.
     
  8. wdrl

    wdrl DIS Veteran

    Joined:
    May 15, 2009
    Messages:
    2,855
    In June 2012, Disney Vacation Development continued its recent practice of reacquiring Old Key West deeds. For the month, 12 OKW deeds containing 2,724 points were required by DVD. Since August 2011, when it resumed exercising ROFR on OKW deeds, DVD has reacquired 90 OKW containing 18,732 points. Although that may sound like a lot of points, it represents less than one-quarter of one percent of OKW's 7,678,935 total points.

    There is some speculation that DVD is specifically ROFRing OKW deeds that expire in 2042. The thinking is that DVD reacquires points that were not extended by the original owners and then resells them with the extended 2057 expiration date. However, so far the data doesn't seem to support that line of thinking. Of the 12 OKW deeds that were ROFRed in June, 6 deeds containing 1,524 points expired in 2042. These six had quitclaim deeds filed by the original owners giving DVD ownership of their deeded interest from 2042 to 2057. For the other 6 OKW deeds containing 1,200 points I could not find any corresponding quitclaim deed; thus, it appears that the owners extended their deeds to 2057 .

    More information about ROFR activity is available on Donald is #1's thread. Click here to jump to her latest summary page.

    [​IMG]
     
  9. El Perro

    El Perro Earning My Ears

    Joined:
    Oct 14, 2010
    Messages:
    35
    Making the seller pay MF seems to be an even bigger trigger to Disney on a quick glance. Some below $50 per point have cleared ROFR.

    This appears to be more of a risk management strategy of not allowing these contracts to fall in the hands of people who aren't even willing to pay them immediately. It's not exactly fair because I'm sure that many who are asking the seller to pay MF are simply trying to get the best price, but I understand the reasoning.
     
  10. belias21

    belias21 DIS Dad's Club Member #717

    Joined:
    Sep 28, 2011
    Messages:
    271
    Eagerly awaiting the July numbers... :hourglass

    Curious to see if the trends continue. I've got an OKW contract in the monkey's hands right now and I'm nervous (100pts @ $54/pt).
     
  11. disneydiva58

    disneydiva58 Dis Addicted Diva and DVC Member

    Joined:
    Jan 31, 2003
    Messages:
    219
    I also have an OKW contract in the monkeys hands!
    190pts@$53/pt
    Fingers crossed for all of us that are waiting!!!!!
     
  12. belias21

    belias21 DIS Dad's Club Member #717

    Joined:
    Sep 28, 2011
    Messages:
    271
    Is there any confirmation (or quasi-confirmed speculation) that loaded contracts get ROFR'd more than stripped ones?

    Going through the ROFR lists that Donald is #1 and mac_tlc post, it certainly seems like the ones that get snagged (particularly OKW) are generally quote loaded. If this is the case, why do you think? I would guess that Disney can then turn around and sell them as add-ons and include "one-time" (ie - banked or prior yr) points as a promotion.
     
  13. wdrl

    wdrl DIS Veteran

    Joined:
    May 15, 2009
    Messages:
    2,855
    I suppose there is some advantage to DVD if it can ROFR a fully loaded contracted with last year's points. However, DVD never (at least I have never seen it) offers banked points on a new master contract or add-on. If I add on through DVD with a February UY, DVD will give me points as of February 2012. They never seem to offer February 2011 points to someone buying after the start of the new UY.

    BTW - I know I'm late updating the ROFR thread for July. My wife and I have been here at WDW since July 29, and I've put my ROFR and point tracking endeavors on the back burner. I guess I could work on it tonight, but I think I'd rather go to Hollywood Studios for tonight's EMH. Please accept my apologies.
     
  14. DannysMom

    DannysMom DIS Veteran

    Joined:
    Jun 1, 2007
    Messages:
    2,026
    Enjoy your vacation and the EMHs! (Wish I was there too!) The numbers will still be around when you get home. We'll try to be patient. :hourglass
     
  15. DougEMG

    DougEMG DIS Veteran

    Joined:
    Aug 14, 2008
    Messages:
    1,836
    This year I got a SSR contract with 3 years of points on it and I paid no MF.
     
  16. belias21

    belias21 DIS Dad's Club Member #717

    Joined:
    Sep 28, 2011
    Messages:
    271
    Hope you're enjoying your time at WDW! Only slightly jealous!
     
  17. wdrl

    wdrl DIS Veteran

    Joined:
    May 15, 2009
    Messages:
    2,855
    In the last 12 months, almost two-thirds of the 32,512 points reacquired by DVD via the ROFR/warranty deed process have been for Old Key West. In July 2012, 2,615 OKW points were reacquired from 11 deeds. By coincidence or design, the 11 deeds all had corresponding Quitclaim deeds, indicating that the deeds expired in 2042.

    Beach Club Villas' 2,420 points was a distant second to OKV in the number of points reacquired in the past year. Saratoga Springs Resort, with 2,000 points reacquired, was in third place.


    [​IMG]
     
  18. icypsycho

    icypsycho Earning My Ears

    Joined:
    Aug 14, 2012
    Messages:
    10
    I'm the absolute worst at this, but looking to buy points at SSR because I figure I get the greatest number of years for my money.

    Does anyone know if it is a better idea to buy one contract with all the points I need or 2 contracts with the same use year at the same home resort?

    Also, how far should one deviate from the asking price per point where ROFR is concerned?

    At SSR, I'm looking at contracts between 100 and 200 points, and thinking about presenting an offer between 52 and 57 per point. Any suggestions?
     
  19. corpcomp

    corpcomp The 100 Yard Dash and Mr. D

    Joined:
    Apr 1, 2006
    Messages:
    1,153
    Give it a shot but likely the lower number may be pushing it. Re the size, always easier to sell smaller contracts than larger contracts so frankly, go for the smaller ones with the same use year. If you have to sell they will go faster. The 25-50 pointers go quite fast. I would never buy over 100 again in one contract.
     
  20. silmarg

    silmarg SIL

    Joined:
    Sep 23, 2006
    Messages:
    1,951
    I shared your senitments re: value for money and own at SSR via resale.

    Smaller contracts tend to command a higher price. And two closings will cost more than one.

    There is a great thread on these boards that will give you a sense as to what is passing - and not passing ROFR. http://www.disboards.com/showthread.php?t=2661661&page=226

    I think you should offer what u want to pay. Disney does not know the asking price, they know the agreed upon price.

    I think mid-$50s is an attractive price (heck its got me thinking that I should buy more points).
     
  21. icypsycho

    icypsycho Earning My Ears

    Joined:
    Aug 14, 2012
    Messages:
    10
    Thanks friends, I just presented an offer at 53 per point. I expect some negotiation, but not much movement from there. Just wondering though, in the event I decide not to use banked points for a year, does anyone think the rental price per point will change from $10 per point? I imagine owners will want more given the continual increases in fees (seems like about 2.5% - 3% per year).
     

Share This Page