So larger point contracts are just as susceptible as the smaller ones to be taken back! But an unpopular use year may help you pass! Thanks for info...trying to learn all the ends and outs here
My opinion is that way too much attention is paid to passing ROFR. It's something that we like to talk about because it's fun and there's not much else to do while you're waiting for the process to take its course. But I think in a way we are doing a disservice to new members to these boards by placing so much emphasis on it. New resale buyers come on here and read all the chatter and I think that all the discussion tends to create a little panic and worry. The thing to keep in mind is that in the majority of contracts, passing ROFR is a matter of when and not if.
I've said it before and I'll say it again, we have no real understanding of DVD's ROFR policy. The best we have is some educated guesses based on interpreting a very small amount of data. My opinion is that when shopping for contracts, you should look for a contract that works for you and offer a price that works for you. Choosing use years based on popularity or offering more per point as insurance to pass ROFR are not really worth it, in my opinion. I have purchased (or attempted to purchase) 6 contracts. The first I feel like I paid too much for. Two were ridiculously good deals and they got ROFR'd. But the other three were equally as good deals and they passed.
If DVD has a buyer waiting for a specific resort with a specific use year, odds are good that they'll take your contract. But these cases are rare and there's nothing you can do about it, so I wouldn't worry.
But larger contracts are harder to sell and tend to bring less per point than smaller ones. If they fit your needs they can be the best value.So larger point contracts are just as susceptible as the smaller ones to be taken back! But an unpopular use year may help you pass! Thanks for info...trying to learn all the ends and outs here
My opinion is that way too much attention is paid to passing ROFR. It's something that we like to talk about because it's fun and there's not much else to do while you're waiting for the process to take its course. But I think in a way we are doing a disservice to new members to these boards by placing so much emphasis on it. New resale buyers come on here and read all the chatter and I think that all the discussion tends to create a little panic and worry. The thing to keep in mind is that in the majority of contracts, passing ROFR is a matter of when and not if.
I've said it before and I'll say it again, we have no real understanding of DVD's ROFR policy. The best we have is some educated guesses based on interpreting a very small amount of data. My opinion is that when shopping for contracts, you should look for a contract that works for you and offer a price that works for you. Choosing use years based on popularity or offering more per point as insurance to pass ROFR are not really worth it, in my opinion. I have purchased (or attempted to purchase) 6 contracts. The first I feel like I paid too much for. Two were ridiculously good deals and they got ROFR'd. But the other three were equally as good deals and they passed.
If DVD has a buyer waiting for a specific resort with a specific use year, odds are good that they'll take your contract. But these cases are rare and there's nothing you can do about it, so I wouldn't worry.
Some have touted smaller contracts to give more options for resale, multiple home resorts and as a legacy and while in theory that is a good idea, there is a cost to such a choice. Two 150 pt contracts compared to a single 300 pt contract will generally be in the range of $2-3K more plus any difference between home resorts if they are different. IMO, it only makes sense to do this if one really needs multiple home resorts, one wants to phase in points by buying some now and some later or possibly for a more in demand contact combined with a contract used as a points cow. IMO, the cost just to get future resale or legacy options is not a reasonable one for these options alone.
I would suggest pushing the envelope and offering less then taking your chances on ROFR for most situations.When I put in my recent offers for my OKW contracts I went with advice for what was passing ROFR...It was even suggested on some contracts to offer more per point and get them to pay maint. fees etc. Yesterday I found a OKW contract on one site that is only asking 45 a point for 300 points. When I saw how low per point the first thing I thought was it would never pass ROFR so why try.. LOl But it's in my nature to dig deeper so I contacted the site which seems reputable but the individual didn't seem familiar with DVC! I'm still waiting for him to gather info. He didn't know how important use year was and much about banking borrowing points. Now I'm wandering if the risk/ rewards are worth dealing with with this individual? Doug that deal you found for SSR is awesome..I hope one day I can land a deal like that
If you had a contract now you'd have maybe a 2 month window to both book and travel. You should be able to use the points but the question is fitting it into your schedule. You should also have enough time to make a RCI deposit or try to rent the points.
That is true, i got it for a good price because it was hard to sell a big contract and when it comes time for me to sell i will have a hard time selling it. But that is not the primary concern, having enough points at this time is... One thing i will never do again...three use years...all at the same home resort. Famous last words... How Hard Can It Be.... It is working for us because we go twice a year but it is a lot of work keeping everything straight.
