ROFR Thread April to June 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[HIRyeDVC]

That’s me the complainer.
It’s still bothering me that I didn’t buy HHI six months ago.
Lol.

We are all buyers. We don’t have a choice BUT to complain. Oh I wish I had bought Grand Cal 10 years ago when it was selling for $100 pp direct!

 

[benedib99]

benedib99---$235-$49118-200-VGC-Aug-0/20, 400/21, 200/22- sent 4/30

 

[Blittell]

Looking at an Aulani contract, 300 points, next points coming 9/22. Listed for 129, offered 115, counter at 122. I know prices are higher right now.....just seems high to me... big sigh

We just bought a loaded subsidized Aulani for $110/point last month (which was asking price)...so if it were me, and there was no immediate need for the points, I think I’d keep looking. We saw all the crazy-high prices, made an offer or two, and then decided to just wait until a more reasonable one became available.

 

[HIRyeDVC]

benedib99---$235-$49118-200-VGC-Aug-0/20, 400/21, 200/22- sent 4/30

That’s a nice loaded contract. Good luck to you of ROFR! I’m still waiting for my VGCs from March 26th

 

[KAT4DISNEY]

I'm not saying to offer a monumentally higher price. I'm saying to look at the highest price taken by ROFR recently, and then possibly offer a few dollars more. It certainly wouldn't guarantee that you wouldn't get taken, but it would substantially increase the odds you'd pass. Almost every new resale falls within this range anyway, even after a reasonable negotiation. Its the outlying lower priced contracts that are easy targets. You're right, Disney doesn't buy every contract, and its possible you can sneak through, but they've been buying, and will continue to buy a whole lot of them, and for some its just not worth the stress.
I've read so many posts by folks who find an almost too good to be true deal, it gets taken, and many subsequently say they wish they had paid just a little more to help it pass. And it still would have been an amazing deal, but they'd actually have it.

That's a thought that has been going on for years and years. And if everyone follows that suit then ROFR goes higher and contracts start getting taken and so on. It certainly depends on your reason for resale but paying more than might be necessary, in general, isn't usually why people are purchasing that way. Sellers and brokers would both like this course of action though. Regarding those who say they wish they had paid a few dollars more the thing is that you just never know what that threshold was for the contract. Yes, a few dollars more might have gotten it but it may not have depending on what DVC was looking for. So, it doesn't change my view to negotiate as best you can and see what happens.

 

[HIRyeDVC]

That’s me the complainer.
It’s still bothering me that I didn’t buy HHI six months ago.
Lol.

Great job on that post by the way. You’ve garnered the attention of the most senior executives of the DVC resale market company! Well done!

 

[KAT4DISNEY]

I saw a thread on FB complaint about a 50 point HHI contract listed for $135pp. EVERYTHING is insanely high right now

And that's the same price as direct.

 

[rawisericho]

And that's the same price as direct.

Yep. It's the GME vs. Hedgefund idea, if you're a buyer. If you don't buy at the insane prices, then they'll normalize. But if you start getting antsy/falling for sales tactics then they'll just continue to rise.

 

[HIRyeDVC]

And that's the same price as direct.

I think I misquoted the post. It was selling for $118pp. Still crazy high for HHI

 

[Ginamarie]

Great job on that post by the way. You’ve garnered the attention of the most senior executives of the DVC resale market company! Well done!

I don’t want to be mean but at some point enough is enough. I realize the seller set that price, but as a former broker (and current real estate attorney), I wouldn’t feel comfortable listing something I knew was too high.
I’m dealing with it now with clients- they feel so desperate that they want to do things like waive house inspections or mortgage contingencies, and then I have to be the one to talk them down because at least your real estate attorney has your 100% interests at heart. DVC purchasers have no one to really look out for them- so if they’re making a foolish purchase they have to hope they realize it within that 10 day waiting period. (As I saw a couple of people do recently on this thread!)

 

[HIRyeDVC]

I don’t want to be mean but at some point enough is enough. I realize the seller set that price, but as a former broker (and current real estate attorney), I wouldn’t feel comfortable listing something I knew was too high.
I’m dealing with it now with clients- they feel so desperate that they want to do things like waive house inspections or mortgage contingencies, and then I have to be the one to talk them down because at least your real estate attorney has your 100% interests at heart. DVC purchasers have no one to really look out for them- so if they’re making a foolish purchase they have to hope they realize it within that 10 day waiting period. (As I saw a couple of people do recently on this thread!)

Your view as a former broker is a very valuable one. It should be dvcresalemarket’s job (in this instance) to set the standard and provide guidance. But at the end of the day, the brokerage company makes more money if it sells at a higher price so I partly don’t blame them. I just feel that they’re just shooting themselves in the foot because before long, the discount between resale and direct will be non existent and there will no longer be a viable resale market.

 

[KAT4DISNEY]

I don’t want to be mean but at some point enough is enough. I realize the seller set that price, but as a former broker (and current real estate attorney), I wouldn’t feel comfortable listing something I knew was too high.
I’m dealing with it now with clients- they feel so desperate that they want to do things like waive house inspections or mortgage contingencies, and then I have to be the one to talk them down because at least your real estate attorney has your 100% interests at heart. DVC purchasers have no one to really look out for them- so if they’re making a foolish purchase they have to hope they realize it within that 10 day waiting period. (As I saw a couple of people do recently on this thread!)

I was speaking with a real estate agent recently who is just incredulous (and cringing) at the offers being made and inspections being waived. Such a crazy market!

 

[Ginamarie]

Your view as a former broker is a very valuable one. It should be dvcresalemarket’s job (in this instance) to set the standard and provide guidance. But at the end of the day, the brokerage company makes more money if it sells at a higher price so I partly don’t blame them. I just feel that they’re just shooting themselves in the foot because before long, the discount between resale and direct will be non existent and there will no longer be a viable resale market.

I think the prices won’t stay this high. As soon as inventory climbs a bit, it won’t be sustainable. We need some time for people to spend off their stimulus money and start spending on regular vacations again, some time for purchasers to get overwhelmed with dues payments, some time for international owners to get tired of paying dues for a product they can’t use.. we may be waiting until the fall to see real movement but I do think it will happen.

 

[Paul Stupin]

That's a thought that has been going on for years and years. And if everyone follows that suit then ROFR goes higher and contracts start getting taken and so on. It certainly depends on your reason for resale but paying more than might be necessary, in general, isn't usually why people are purchasing that way. Sellers and brokers would both like this course of action though. Regarding those who say they wish they had paid a few dollars more the thing is that you just never know what that threshold was for the contract. Yes, a few dollars more might have gotten it but it may not have depending on what DVC was looking for. So, it doesn't change my view to negotiate as best you can and see what happens.

Totally understand, and I try to negotiate the best deal as well. That’s common sense, and how the the process works the vast majority of the time. I’m talking about the outlying contracts some buyers dig up that are substantially lower than the average, say 10, 15, even 20 points. Though you can never know exactly the current strategy guiding ROFR, its a pretty safe bet that Disney will take a closer look at these. Personally, I‘d think twice about going down this road to avoid the stress, which can stretch on for weeks (as we all know!), as well as the possibility of losing out on other more realistically priced contracts, especially when availability is so limited.

 

[Paul Stupin]

I think the prices won’t stay this high. As soon as inventory climbs a bit, it won’t be sustainable. We need some time for people to spend off their stimulus money and start spending on regular vacations again, some time for purchasers to get overwhelmed with dues payments, some time for international owners to get tired of paying dues for a product they can’t use.. we may be waiting until the fall to see real movement but I do think it will happen.

I think prices might plateau, but I don’t think we’ll see a sudden return to the prices from last year. I think that’s wishful thinking.

 

[KAT4DISNEY]

Totally understand, and I try to negotiate the best deal as well. That’s common sense, and how the the process works the vast majority of the time. I’m talking about the outlying contracts some buyers dig up that are substantially lower than the average, say 10, 15, even 20 points. Though you can never know exactly the current strategy guiding ROFR, its a pretty safe bet that Disney will take a closer look at these. Personally, I‘d think twice about going down this road to avoid the stress, which can stretch on for weeks (as we all know!), as well as the possibility of losing out on other more realistically priced contracts, especially when availability is so limited.

And that gets down to a persons underlying reason for resale and tolerance of it. Those digging for and seeking out the low prices are probably going to know what they are going for and feel the reward of a low price outweighs the risk of ROFR. Sometimes you can get caught on a buying binge of DVC but you won't know that until it starts and even those don't go on forever and the resort of choice will shift. My main point is you never will figure out what DVC is going to do with ROFR even if you think you have or can. Even my recommendation to negotiate as you best you can might mean you're paying more per point for a particular contract that just works if you feel comfortable with that but to think that offering more than asking is the direction is not something I'd recommend. It artificially inflates things even more than ROFR already does.

 

[HIRyeDVC]

I think Disney needs to build an entire new theme park and resorts somewhere in the middle of the country, like Texas. The demand for all things Disney is crazy! I need to buy more Disney stocks!

 

[PearlyJoy]

DVC is not like actually wanting to buy a home. If buyers stop being desperate, the sellers would stop listing at such high price. IMHO

 

[DisneyMom_3]

I think Disney needs to build an entire new theme park and resorts somewhere in the middle of the country, like Texas. The demand for all things Disney is crazy! I need to buy more Disney stocks!

I wish! I live in Texas and would love to go even more! It will probably never happen though.

 

[Ginamarie]

I think prices might plateau, but I don’t think we’ll see a sudden return to the prices from last year. I think that’s wishful thinking.

Agreed- we aren’t going back to covid pricing but there’s very little room for some of these to go any higher- they have to drop some, especially with the 2042 contracts getting shorter and shorter.