right of first refusal

[steverog]

I am seriously considering buying 200 bcv points at 60 each. I'm a little unsure but I believe the use year is December and the for 03 are used. Does anyone have any input on the process for Disney's right of first refusal. We think it's a great deal and would hate to miss out. Thanks Steve

 

[rsschneck]

I don't think that 60 per point would pass through Disney. People are still wanting to buy @ BCV and there are probably a few folks on a wait list with Disney to buy there.

Maybe 70 per point would be a go!

I am surprised you could get a resale @ BCV for 60 per point. I am sure the original purchasers paid more than 60 per point when they purchased.

Good luck and let us know how everything goes!

 

[tinkgrl]

Hi,

Just wanted to wish you luck & send Pixie Dust!!

Allison an associate
Offically DVC 7/23/03

 

[stacy6552]

I agree. Disnery is going to scoop it up in a heart beat. The BCV just sold out and its a hot property that they will sell for $84. BUt you can try, you may get lucky, just be prepaired for the worst.

 

[Dean]

It is unlikely to go through at that price. There are however times when DVC has a conflict of interest and will let certain contracts go through at any price. I'm not totally certain what those are. If you want that contract, better get the price up to at least $70 pp if not a little more.

 

[lehrsj]

My thinking is this:

If a contract with a December use year that has all of the 2003 points where you pay the dues starting Jan 2004 is worth $70 a point ...

then the same contract with no 2003 points where you still pay all of the dues starting January 2004 is worth $60 a point because it would cost you about $10 a point (renting) to replace those 2003 points that were already used up.

So if I were willing to pay $70 a point with all of the 2003 points available I would be willing to pay $60 if there were no 2003 points. So that is why I don't think $60 a point is a really low price.

But... maybe there are reasons why contracts without current year points are more attractive to DVc. Perhaps they can obtain points ( purchase from whatever Disney company owns the points ) that owners have used for cruises and disney hotels and then add them back to the contract before reselling the points.

This is just speculation on my part. But sometimes it looks like Disney exersises ROFR on contracts without current year points and sometime next year's points for a price that seem higher than what the contract would be worth to me.

 

[Dean]

Originally posted by lehrsj
My thinking is this:

If a contract with a December use year that has all of the 2003 points where you pay the dues starting Jan 2004 is worth $70 a point ...

then the same contract with no 2003 points where you still pay all of the dues starting January 2004 is worth $60 a point because it would cost you about $10 a point (renting) to replace those 2003 points that were already used up.

So if I were willing to pay $70 a point with all of the 2003 points available I would be willing to pay $60 if there were no 2003 points. So that is why I don't think $60 a point is a really low price.

Don't forget the dues on those points you don't get or on those you do, for that matter. The price swing should be closer to $6 pp than $10 pp if the agreement is structured appropriately. It must be compare to the retail price in addition to other resales. The principle that many resales with a lot of extra points are worth more than those without is a well founded one but not always accurate. It's also about how the contract fits your needs. If you find the right contract with the number of points and use year you want at the home resort you are looking for, that can be the determining factor over sheer price per point. One must also take the dues and closing costs into affect and compare the final price and situation. No two resales are exacatly alike to no way to come up with a hard rule.