Comparable DVC Sales & ROFR'S ???

[BoardwalkSuzy]

Does anyone know where to find a detailed listing of comparable comps sold and ROFR'd by date and by DVC resort?

Last week, I went into contract to buy 350 BWV points through one of the experienced DVC brokers offering several points over asking price. The resale listings were in range of $72-$85, with Disney reselling BWV for $115 I just found out today. The Disney DVC Sales rep I talked to today told me flat out that my contract with reseller to purchase their shares will definately be ROFR'd by Disney. I thought my offer was good, being 2 points over asking.

So I went back yesterday digging for comps on bulletin boards & forums - all could find:
2010: Disney ROFR'd on $78 on 150 points this last January and another 150 points at $79. They have passed all contracts with offers $80 and over that I could find. Wow, these timeshares hold their value pretty well midlife if that's the case.

So why all the lower priced resale listings? So I learned that it seems to work like this in the DVC Resale World: sellers need to sell, they list their points at the very low end of all the listings to grab attention, buyer comes along, makes full price offer or even better, and then Disney scoops up. I also learned yesterday from a sales agent, that Disney actually is currently buying back about 50% of all offers made - so buyers only have 50/50 chance! This came as a surprise to me when I thought my offer was a done deal being over the asking price, and thought that Disney only occasionally steps in to exercise option - no, they exercise their option all the time! WOW!

Before buyers waste time, how hard is it to maintain a list of comparables and provide the comps and the basic DVC ownership disclosures to potential ready and willing outside buyers who are ready with cash to buy resale?

 

[bobbiwoz]

Have you checked this thread on the disboards?

http://www.disboards.com/showthread.php?p=35665255#post35665255

 

[Chic]

Here are two excellent links to view current resale information regarding which contracts pass and which are ROFR'd. There are listings for all the DVC resorts on each of these links: http://www.disboards.com/showthread.php?t=1960185 Be sure to scroll down to view.
You can also view this link:
http://activerain.com/blogsview/592923/**********-com-DVC-Resales

 

[corpcomp]

I doubt any DVC rep can reliably say that any particular contract will be ROFR'd. I'm sure they have to factor in the price, use year and number of points.

DVC will not lower their resales because they claim they don't make as much money on them. If they ROFR at $85 and resell at $106 (BCV) they are only making $21 a point. They make much more than that on new construction according to my DVC guide.

Of course to me, $21 a point (which is a profit of about 25%) for a quick turnaround sounds like a lot in this economy.

 

[BoardwalkSuzy]

Thank you Bobbiwoz and Chic for links to the comps.

Aware there are other factors such as the borrowed and banked points, the inventory of availablity for each resort that perhaps Disney may want to have to offer from their sales office, etc. The agent working on my transaction (won't mention company here), said that their particular office is seeing 8% of Disney exercised ROFR, whereas another major timeshare reseller is seeing 50% reported yesterday.

My offer is pending Disney approval for 350 points, 350 banked from 2009, Dec use year, buyer pays closing costs and 2010 maintenance. My contract at $74 is on the low end I discovered from looking at comps on the links you provided. Agent thinks there is still a decent chance because recent dip in market and suggests waiting to see.

 

[Chic]

I would say you have a real good chance of getting your offer passed by Disney. A 350 point contract is very large and difficult to resale. It's the smaller contracts which get swallowed up quickly. Please leave all of us a reply on this thread letting us know if you passed. You should also leave a message on the first link I sent you so it can be posted for others to view. I hope everything works out.