ROFR Thread April to June 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Matty B13]

Is anyone hoping, partially at least, that Disney starts to buy back again for the sake of DVC value? Does anyone think there is a chance Disney will stop buying back contracts? With the recent resale restrictions and lost revenue, I wonder if changes are in the future.

I really think that DVC, espcially direct purchases are way overvalued, especially if you take the high maintenance fees into consideration. The breakeven with the contracts is over 10 years out now, and most owners don't keep the contracts that long. This is a great money maker for Disney and DVC, but not a savings for most owners.

 

[CastAStone]

I really think that DVC, espcially direct purchases are way overvalued, especially if you take the high maintenance fees into consideration. The breakeven with the contracts is over 10 years out now, and most owners don't keep the contracts that long. This is a great money maker for Disney and DVC, but not a savings for most owners.

The break even is much shorter than if it holds its resale value and you sell it after 10 years. A big if but I don’t think anyone who bought direct in 2010 is selling in 2020 thinking they didnt get their moneys worth.

 

[pangyal]

Updated!

Some highly interesting prices sent to ROFR this week! OMG, that $100 BLT...

Good luck, everyone!!!

 

[ChipNdale8887]

Updated!

Some highly interesting prices sent to ROFR this week! OMG, that $100 BLT...

Good luck, everyone!!!

Wow missed that one. How many points was it?

 

[stfxkid]

Is anyone hoping, partially at least, that Disney starts to buy back again for the sake of DVC value? Does anyone think there is a chance Disney will stop buying back contracts? With the recent resale restrictions and lost revenue, I wonder if changes are in the future.

Sure but after my contract passes ROFR

 

[Lclark5678]

Wow missed that one. How many points was it?

250, I think.

 

[ChipNdale8887]

250, I think.

Dang lol hope it passes ROFR. That could be the first one taken if they open back up in July lol

 

[RhodyKP]

How long is the process of closing AFTER the ROFR passes? I'm 5 days into an accepted offer on AUL and am planning on going to AUL for Easter Break. It seems like I will likely be within the 7 month window. I wonder if any rooms will still be available?

Check out the Closing Time thread. People post the various dates along the way in the closing process:
https://www.disboards.com/threads/closing-time.3392820/page-301#post-62003403

 

[RhodyKP]

I really think that DVC, espcially direct purchases are way overvalued, especially if you take the high maintenance fees into consideration. The breakeven with the contracts is over 10 years out now, and most owners don't keep the contracts that long. This is a great money maker for Disney and DVC, but not a savings for most owners.

Agreed. I'm not saying there aren't cost savings involved, but I do think it holds a great deal of psychological value for some time (including yours truly).

 

[Matty B13]

Agreed. I'm not saying there aren't cost savings involved, but I do think it holds a great deal of psychological value for some time (including yours truly).

Yes, the psychological value is a big part of it.

I just feel that the price has been hyper-inflated the past couple of years, but so has many other things in the economy as well.

 

[gisele2]

Dang lol hope it passes ROFR. That could be the first one taken if they open back up in July lol

Hope not!!!!!

 

[RyanWellhoefer]

My wife and I are only on Day 5. A long way to go in the wait for us. Was wondering if anyone has any additional information on taxes and purchasing of DVC. There appear to be no youtube videos regarding deed purchases, tax implications. As these are huge investments if you pay cash, I would imagine there are some tax ramifications to report on and I would like as much info on that as possible. Thanks in advance.

 

[MagicalAloha]

I just got an update from my broker letting me know that I hadn't missed any emails, but that ROFR was taking longer than usual due to the pandemic on Disney's end. They let me know that they expect that I should get a response from Disney around 6/25, due to the fact that they've received ROFR from contracts submitted on 5/1 and mine was submitted 5/11. I thought that was rather nice of the broker to keep me updated this way.

Hope not!!!!!

Wow!

 

[RachStu]

Wow, Gisele2! That is a seriously fantastic price. You must be over the moon. Good luck with ROFR. If a price like that was ever going to get through now is the right time. That’s the sort of price I think these points are actually worth.

 

[ScubaCat]

My wife and I are only on Day 5. A long way to go in the wait for us. Was wondering if anyone has any additional information on taxes and purchasing of DVC. There appear to be no youtube videos regarding deed purchases, tax implications. As these are huge investments if you pay cash, I would imagine there are some tax ramifications to report on and I would like as much info on that as possible. Thanks in advance.

You can deduct the property tax portion of your annual maintenance fees. It's not much, but may as well take it. It doesn't work for me anymore thanks to the SALT cap, either.

 

[Figment's Girl]

I am curious to know when DVC employees are back in the office.

 

[E2ME2]

Wow, Gisele2! That is a seriously fantastic price. You must be over the moon. Good luck with ROFR. If a price like that was ever going to get through now is the right time. That’s the sort of price I think these points are actually worth.

If this one passes ROFR, there will be an explosion over on the "lowball offer " thread!

 

[MagicalAloha]

If this one passes ROFR, there will be an explosion over on the "lowball offer " thread!

It already has begun...

 

[RachStu]

If this one passes ROFR, there will be an explosion over on the "lowball offer " thread!

Yes, that should get the low price vs fair price debate going

 

[MagicalAloha]

I am curious to know when DVC employees are back in the office.

I think they are, I emailed my Sales Rep and he replied vs last month when I emailed my SR I receieved a generic email stating they were out of the office...