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

[gisele2]

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.

I am looking for prices reflecting a 9,75$ and bellow price per point over the term of the contract including the MF.

 

[Paul Stupin]

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.

Hard to imagine that the 2042 resorts will hold their value after 10 years, since after 20 the value of the contracts will approach zero. In ten or twenty years, though, I can see the value of the 2060 and later expiration date resorts maintaining or even increasing.

 

[Lorana]

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...

My sales rep still has the Out of Office auto-reply. I don't suppose your sales rep knows if there will be any direct inventives offered?

 

[glamdring269]

Hard to imagine that the 2042 resorts will hold their value after 10 years, since after 20 the value of the contracts will approach zero. In ten or twenty years, though, I can see the value of the 2060 and later expiration date resorts maintaining or even increasing.

This is why we just sold our 2042 contract. Figured we would be going late 2021 at earliest, though most likely late 2022. We go every other year. Not a lot of wiggle room left for us to bail after 2 more trips but certainly a lot of short term risk. Seems the same line of thought should be used when purchasing though circumstances might differ by age and other factors.

 

[Paul Stupin]

This is why we just sold our 2042 contract. Figured we would be going late 2021 at earliest, though most likely late 2022. We go every other year. Not a lot of wiggle room left for us to bail after 2 more trips but certainly a lot of short term risk. Seems the same line of thought should be used when purchasing though circumstances might differ by age and other factors.

Alot of folks often say that they don’t mind the early expiration date because by that time they’ll be...( insert age here of what they regard as old). The thinking being “I will have gone to Disney for decades, that’s a long time, 2042 is far away, and at that point I might be too old to enjoy the parks, and I’m ok with that.” But if it were a later expiration date resort, they could just sell their contract and potentially recoup a large (if not all) portion of their initial investment. But by that point the 2042 contracts will have lost 100% of their value. Of course everyone has a different way of looking at it, and I love both Boardwalk and Beach Club, but we wound up buying at CCV instead.

 

[CastAStone]

Alot of folks often say that they don’t mind the early expiration date because by that time they’ll be...( insert age here of what they regard as old). The thinking being “I will have gone to Disney for decades, that’s a long time, 2042 is far away, and at that point I might be too old to enjoy the parks, and I’m ok with that.” But if it were a later expiration date resort, they could just sell their contract and potentially recoup a large (if not all) portion of their initial investment. But by that point the 2042 contracts will have lost 100% of their value. Of course everyone has a different way of looking at it, and I love both Boardwalk and Beach Club, but we wound up buying at CCV instead.

If you’re too old or too dead to spend the proceeds, why would you care?

I think the drop off in 2042 resort value will be slow, simply because when you look at it with say five years left on the contract, the breakeven value of those points will be incredibly clear, and will still be reasonably high. At that point it’s not about net present values of fee increases or opportunity costs, The effects of those are negligible, even compounded, over just five years. Its just simple math. If hypothetically BWV expired in 2026 and thus had 5 years left on it today, i’d look at it and say those 100 points are worth a room that would cost me $3890 in cash, minus $736 in MFs. (3890-736) x 5 = $15,770, or $157 per point, in other words, far more than the resort is going for today.

I wouldn’t be surprised to see these “trial DVC“ contracts be quite popular on the resale market at that point.

 

[Paul Stupin]

If you’re too old or too dead to spend the proceeds, why would you care?

I think the drop off in 2042 resort value will be slow, simply because when you look at it with say five years left on the contract, the breakeven value of those points will be incredibly clear, and will still be reasonably high. At that point it’s not about net present values of fee increases or opportunity costs, The effects of those are negligible, even compounded, over just five years. Its just simple math. If hypothetically BWV expired in 2026 and thus had 5 years left on it today, i’d look at it and say those 100 points are worth a room that would cost me $3890 in cash, minus $736 in MFs. (3890-736) x 5 = $15,770, or $157 per point, in other words, far more than the resort is going for today.

I wouldn’t be surprised to see these “trial DVC“ contracts be quite popular on the resale market at that point.

But I don’t think I would be either too old or too dead! No matter your age it’s nice to be able to recoup value. Good point about the math, but remember that contracts then will still be for sale at the later expiration date resorts, which at that time will represent an exponentially greater value. In any event, none of this is a pressing concern for any of us today, and 2042 is still a long time away!

 

[MinnieSueB]

Right there with you! I submitted 4/29. Seeing 4/29 and 4/30 pass last week, this just has to be our week.

Wow! Crazy! We were submitted 4/24 & finally passed 5/28. You guys HAVE got to be soon!

 

[RhodyKP]

If you’re too old or too dead to spend the proceeds, why would you care?

I agree, if you’re anything more than mostly dead it doesn’t matter.

 

[lovin'fl]

Edit to add CC: I am seller on these 2 to same buyer. Sent to ROFR today. The buyer paying dues on 34 points while the other 15 are banked from 2019. And buyer is paying CC. I added those on total below (they are paying 1 CC of $685 so I just added it to the 50 pointer). So totals represent the buyers' costs and not what we, sellers, get because we have to pay commissions and $150 fee each contract. lovin'fl---$80-$2227-25-HH-Aug-0/19, 25/20, 25/21-I am seller- sent 6/16 lovin'fl---$80-$4767-50-HH-Aug-0/19, 24/20, 25/21-I am seller- sent 6/16

 

[blizzard]

blizzard---$82-$13358-150-AUL-Aug-0/18, 0/19, 16/20, 150/21- sent 6/16 Been a member at OKW since 1997, and this is my first add-on. Looking for something different as we edge toward retirement!

 

[ChipNdale8887]

I agree, if you’re anything more than mostly dead it doesn’t matter.

It is nice to hand down the contract or a check though if you have kids or family. Heck even a check to help out your retirement.

 

[Tiffany H]

What does everyone think:
Will Disney continue with Wednesday ROFR this week or change and do some on various days?

 

[MICKIMINI]

MICKIMINI---$99-$11173-100-BRV@WL-Jun-0/19, 100/20, 100/21, 100/22- sent 6/16/2020

Sixth try, or something close to it! Nice little add on to keep our OKW contracts company!

 

[heynowirv]

MICKIMINI---$99-$11173-100-BRV@WL-Jun-0/19, 100/20, 100/21, 100/22- sent 6/16/2020

Sixth try, or something close to it! Nice little add on to keep our OKW contracts company!

That's a nice one, good luck

 

[becauseimnew]

MICKIMINI---$99-$11173-100-BRV@WL-Jun-0/19, 100/20, 100/21, 100/22- sent 6/16/2020

Sixth try, or something close to it! Nice little add on to keep our OKW contracts company!

Wow! I was looking at that contract. Congratulations.

 

[heynowirv]

Wow! I was looking at that contract. Congratulations.

 

[heynowirv]

MICKIMINI---$99-$11173-100-BRV@WL-Jun-0/19, 100/20, 100/21, 100/22- sent 6/16/2020

Sixth try, or something close to it! Nice little add on to keep our OKW contracts company!

We too are adding to our OKW with a 150 point BWV

 

[Madmavis]

What does everyone think:
Will Disney continue with Wednesday ROFR this week or change and do some on various days?

Thanks for the info. I was going to ask what day of the week it was that they were passing contracts.

 

[lovin'fl]

I am seller on these 2 to same buyer. Sent to ROFR today. The buyer paying dues on 34 points while the other 15 are banked from 2019. lovin'fl---$80-$2227-25-HH-Aug-0/19, 25/20, 25/21-I am seller- sent 6/16 lovin'fl---$80-$4218-50-HH-Aug-0/19, 24/20, 25/21-I am seller- sent 6/16

Sold our 3rd HHI contract today. 50 points Aug UY $85pp but no reimbursement for the 20 2020 points. Will post when it goes to ROFR. Done selling. Down to 325 points. Had bought 750.