Except that brokers see what is taken in ROFR, and they advise sellers and buyers to bid at prices likely to pass ROFR. Likewise, folks here will see what is passing and what is being taken, and change their bids according. I had a CCV offer for $154 taken in ROFR in December, so I did offer more on the next contract I bid on.
Brokers are sales people and it is in their best interest to get you to pay more same as car sales people and real-estate agents who tell you other people are looking to buy this house or car.
Sure, but just because that is true doesn't mean it's not true that ROFR is affect resale prices. Both statements can be true.
Just 1 year ago the average AKV contract sold was $115, it's now over $135, this wasn't a broker causing this it was ROFR going up
That wasn't from ROFR that was just supply and demand from more people wanting to buy resale.
What you just said makes absolutely no sense. If there are 10 contacts for sale and 12 buyers prices go up . If you have only 5 buyers then prices go down. You got it backwards
Actually, it was caused by Disney taking contracts in ROFR. If you look at the ROFR reports from the site sponsor, you'll see that in late 2020, Disney was only taking contracts priced at $92/point. By August 2021, that had risen to $132/point. Brokers, sellers, and buyers were absolutely affected by this.
What would be interesting is to see average resale prices and see when they increased relative to ROFR increases. If ROFR is causing resale prices to increase you would see ROFR increase starting a few months before resale prices increase.
your previous post wasn't clear, it sounded like you said more resale being
Too much on the market in last few months, listings up for 2-3 months but ROFR still high. By your logic prices should have come down but they didn't
- I usually go for a week in May, Oct and Dec…every time they adjust the points charts - Oct goes up a bit, Dec goes up a bunch and May points go down…but not enough to offset the other 2 weeks. And since we don’t stay in Studios - we end up burning thru a lot of points!
Your not the only one. Watched resales for over a year when I finally paid the $255/pt. for a 60 pt. direct contract. Just couldn’t find any contracts small enough and less than $190-$200/pt. resale. Just bit the bullet. This was a month before VGF2 was announced. But did get previous years points which I rented out. So it’s all good. In the end we want what we want!ROFR or not - $265 for BCV and $230 for BWV is RIDICULOUS! But alas - because I need small point contract on both - I’ll probably pay it
ROFR or not - $265 for BCV and $230 for BWV is RIDICULOUS! But alas - because I need small point contract on both - I’ll probably pay it
The incentives could have been their last ditch attempt to dump their remaking rofr points. What will be telling is if dvc do any more buy backs
Only makes sense for BCV if you already own there and want to add on a smallish amount (say 50-100ish points) to extend some trips or for bigger rooms at BCV. I would imagine there is still a buyer for those, but few and far between.
