I've Been ROFR'd!!

[JWG]

While I'm sorry you didn't get your contract, I'm ok with this. More aggressive ROFR will help elevate resale prices and the value of our DVC.

Watching prices drop has been frustrating, especially at the new BLT.

 

[TisBit]

As PP mentioned, with BLT about to sell out, DVC will rely on AKV primarily and SSR secondary as their sales bulk....but people who are not interested in those resorts, will possibly look to some of the other properties.

I am not surprised of the increased ROFR's...OKW has the 15 year extension and VGC is still a hot property. Both of these are good resorts to have in their back pocket for the time between BLT and GFV's.....prospective buyers off the street will not want to wait for another monorail resort that hasn't been announced (and I most probably won't even know the rumors).

I would be surprised if there was an announcement for GFV's unless they are converting rooms and are ready to sell points quickly. Having an announced resort under construction on the monorail would stall sales at AKV's and SSR.

 

[nunzia]

Well, the same Disney people who warned me that more aggressive ROFR activity was coming also strongly hinted there was going to be a big announcement regarding DVC around the last quarter of the year. At this point, it sure looks like you're right and the "secret" GF project will be announced.

Although they both knew I was interested in DLR, not WDW, so I was sort of hoping since they brought it up, it had something to do with a new or expanded DVC option in DLR.

Maybe the announcement will be the rumored DVC tower at DLH?
Still..VGC for $74!! amazing steal if that had gone through! The few resales I see tend to be in the high '90s for the most part.

 

[paults]

OK so now when The contract gets ROFR and somebody now buys these pts from Dvc are they still considered resale pts and can only be used for RCI and DVC or can DVD now in their infinite wisdom make them new again since you are buying from Disney now. whew that's

 

[DebbieB]

OK so now when The contract gets ROFR and somebody now buys these pts from Dvc are they still considered resale pts and can only be used for RCI and DVC or can DVD now in their infinite wisdom make them new again since you are buying from Disney now. whew that's

They become new again, they get thrown into the pool of points DVD owns.

 

[TisBit]

OK so now when The contract gets ROFR and somebody now buys these pts from Dvc are they still considered resale pts and can only be used for RCI and DVC or can DVD now in their infinite wisdom make them new again since you are buying from Disney now. whew that's

It is considered a direct sale contract and not a "re-sale" for the purpose of the rule change. They defined resale as buying from another member and not from DVD directly.

 

[Breyean]

So this is TOO funny.

In my original post I joked about how now watch my guide call me with points, since I'm on the Disney waiting list for points at VCG.

Last night, guess who called?

If you guessed my guide, you are a winner!

He said he's going to have my points for me in a week, maybe two out the outside. I just started laughing; he must have thought I was nuts or just really happy to hear from him.

He also said he's been calling a lot of his customers who have been on waitlists for a while because their points have become available, including one for OKW, which happens to be the other resort I know for a fact where they ROFR's at least two contracts yesterday.

Some coincidence. On the waitlist for VGC for almost 4 months. Get ROFR'd on a resale there. Same night get a call from my guide happy to tell me he has my points within a week or two.

 

[Kidanifan08]

So this is TOO funny.

In my original post I joked about how now watch my guide call me with points, since I'm on the Disney waiting list for points at VCG.

Last night, guess who called?

If you guessed my guide, you are a winner!

He said he's going to have my points for me in a week, maybe two out the outside. I just started laughing; he must have thought I was nuts or just really happy to hear from him.

He also said he's been calling a lot of his customers who have been on waitlists for a while because their points have become available, including one for OKW, which happens to be the other resort I know for a fact where they ROFR's at least two contracts yesterday.

Some coincidence. On the waitlist for VGC for almost 4 months. Get ROFR'd on a resale there. Same night get a call from my guide happy to tell me he has my points within a week or two.

That's hilarious! Congratulations on getting what you wanted!

 

[DVCconvert]

That's hilarious! Congratulations on getting what you wanted!

And paying more for it!

 

[AllieV]

No, we are not members...we wanted to start off with something small, but if that is the case then maybe a little larger contract won't hurt

I'm confused. You said you're not a member but want to buy in at a 50-pt contract. I thought Disney only sold to new members in 160-pt or higher contracts. Yet they let you waitlist?

 

[disney_bob]

I thought Disney only sold to new members in 160-pt or higher contracts.

This isn't true. We're new members and they're letting us buy two 75-pt contracts. They even said we could go lower (though of course thats not recommended).

 

[csharpwv]

This is very true. We realized this recently when we went to check availability at VGC and there was absolutely nothing, and not even during any holidays/special events. And since we live in AZ and would like to do DLR trips on an somewhat spontaneous basis, this will not work, even with a direct buy from Disney at VGC. We're on the waiting list for points there, but now we're rethinking that as well.

So we used some of our "real" Disney points to book a room at DLH.

It's really amazing how, after several years to see demand for DVC at DLR that they still have not addressed this.

We have a Disneyland trip planned for late this summer and we were lucky enough, a 7 months, to get 3 nights at the Disneyland Hotel, 3 Nights in a 1BR Villa at the Grand Californian, and then get 2 nights at Paradise Pier. I was worried that we wouldn't get anything at all at the GC, but luckily we got 3 nights! I would rather have had all 8 nights - but, I'll take what we can get!

I think it is high time that Disney started buying back low ball resales. With the difference in primary and secondary market points, it only makes sense that Disney would want to have a more exhaustive supply/stock of points for sale. Disney is going to profit from the sale of those points regardless - unless they go for the same price - which on the secondary market is quite rare as it is self defeating to sell your points for the same price someone could buy them direct.

But the overall value of DVC has been eroding due to the number of low ball offers that have been accepted. What is it going to hurt DVC to have those points, and even do a promotion with current members to buy points for a different resort when they are adding on. Say you are adding on 200 points at BLT - Disney could offer you an additional 100 points at Boardwalk for $75 per point. That way they don't spend anything on incentives, and the member walks away with 300 points - and owning at two resorts. It is a win - win in my opinion!

 

[Breyean]

And paying more for it!

I know. It's like the mob doing money laundering. Disney does point laundering.

But we might go for the direct points.
First, we would buy direct about 1/2 of what the ROFR'd contract had, thus saving us MFs over the years.
Second, at DLR, even with points at VGC, if you don't book way ahead you have a pretty low chance of getting one of the 48 rooms. And with a resale, we wouldn't have the option of staying at DLH or Paradise Pier using those points.
Third, since we live with easy driving distance to DLR, we like to be able to go once in a while on the spur of the moment, so that hotel option is appealing. We are, in fact, doing that very thing in a couple of months, using some of our other direct Disney points from other resorts to get a room at DLH.

So that option, even being more expensive, might work out. We can use the VCG points to stay there when we plan the trips in advance, and still use them for a hotel if we go on shorter notice.

 

[Brian Noble]

I know. It's like the mob doing money laundering. Disney does point laundering.

We often refer to TWDC as "The Evil Empire" in my household.

 

[chalee94]

I'm confused. You said you're not a member but want to buy in at a 50-pt contract. I thought Disney only sold to new members in 160-pt or higher contracts. Yet they let you waitlist?

i think you've got breyean confused with disfanatic...

 

[DisFanatic]

I'm confused. You said you're not a member but want to buy in at a 50-pt contract. I thought Disney only sold to new members in 160-pt or higher contracts. Yet they let you waitlist?

We were ROFR'd for a resale... never on a waitlist...

 

[Breyean]

i think you've got breyean confused with disfanatic...

Probably right. I've been a member since 1993 and have a couple of contracts with Disney.

I think it was disfanatic who also heard about ROFR'd yesterday - for a small OKW contract, which would have been their first.

 

[RobOnDisney]

We often refer to TWDC as "The Evil Empire" in my household.

I have to wonder what their overhead is on processing and re-marketing ROFR. Got to think that buying points back and selling them for $30+ more than you bought them is a steal for Disney. They're double dipping.

As far as possible D23 announcement-- curious if by some outside chance the DC project gets mentioned. They have the land over there at National Harbor just waiting to be developed.

And I would be surprised if they start selling GF this fall-- though it did only take 9-12 months to get AKV conversions done. Though all filings we've seen to far are for new buildings, not modifications for existing space.

 

[nunzia]

I know. It's like the mob doing money laundering. Disney does point laundering.

But we might go for the direct points.
First, we would buy direct about 1/2 of what the ROFR'd contract had, thus saving us MFs over the years.
Second, at DLR, even with points at VGC, if you don't book way ahead you have a pretty low chance of getting one of the 48 rooms. And with a resale, we wouldn't have the option of staying at DLH or Paradise Pier using those points.
Third, since we live with easy driving distance to DLR, we like to be able to go once in a while on the spur of the moment, so that hotel option is appealing. We are, in fact, doing that very thing in a couple of months, using some of our other direct Disney points from other resorts to get a room at DLH.

So that option, even being more expensive, might work out. We can use the VCG points to stay there when we plan the trips in advance, and still use them for a hotel if we go on shorter notice.

Can you book at DLH or PP on really short notice..like inside the rule of 4 window? Does that apply to the DLR hotels? I know they don't charge the $95 booking fee (yet) but how would the rule of 4 thing work?

 

[the donut]

Can you book at DLH or PP on really short notice..like inside the rule of 4 window? Does that apply to the DLR hotels? I know they don't charge the $95 booking fee (yet) but how would the rule of 4 thing work?

The rule of 4 does not apply for the DLR hotels. On my last stay at the DLH, I booked the day before we went. After the DLH refurb, the hotel is just amazing.