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

[ILoveMyDVC]

I sure will. I've been a member since 1994 at OKW with 350 points. I put thought into it and think I can manage it based on my plans for travel. But maybe I am being over confident.
Last night while Ambiening, I accidentally bought 5 more Owner's Lockers . Thankfully, that was easily fixed.
I hope you are right about ROFR.

 

[PearlyJoy]

I appreciate that but I missed a 200.1 at $116 by 12 minutes tonight I am so sick and saddened by it that I just want to fling myself off a cliff - okay I'm being overly dramatic.

I feel you. Its so hard when this happens

 

[limace]

I feel like there’s a bit of panic in this community-I dunno. Maybe we all need to just consider taking a few breaths and wait a bit. Disney isn’t going anywhere. DVC isn’t going anywhere. Don’t get pushed beyond what you can afford or settle for something you don’t really want because it feels like this is your only chance. There will always be another deal. Waiting to go or renting points in the interim or having fewer points for a bit won’t kill any of.

In. Out. Breathe......

 

[PearlyJoy]

I feel like there’s a bit of panic in this community-I dunno. Maybe we all need to just consider taking a few breaths and wait a bit. Disney isn’t going anywhere. DVC isn’t going anywhere. Don’t get pushed beyond what you can afford or settle for something you don’t really want because it feels like this is your only chance. There will always be another deal. Waiting to go or renting points in the interim or having fewer points for a bit won’t kill any of.

In. Out. Breathe......

Amen !! So true. What I am seeing is when we offer and the sellers stay firm on price for contracts with 160+ points. I thought this was the case for small contracts. We do need to all stop the panic

 

[Paul Stupin]

I feel like there’s a bit of panic in this community-I dunno. Maybe we all need to just consider taking a few breaths and wait a bit. Disney isn’t going anywhere. DVC isn’t going anywhere. Don’t get pushed beyond what you can afford or settle for something you don’t really want because it feels like this is your only chance. There will always be another deal. Waiting to go or renting points in the interim or having fewer points for a bit won’t kill any of.

In. Out. Breathe......

The thing is, it’s a seller’s market right now. On one hand, I’ve bought quite a few points this past year and it’s nice to see that their value has gone up. No doubt ROFR is at least partially responsible. Funny, I haven’t read any of the usual talk here recently about offering low, being a tough guy and refusing to budge on price, and ultimately getting the sellers to cave. I don’t think that strategy is effective right now. Unless, of course, you find an unwitting seller who will accept a below market price, but then the contract might very well get taken!

On the other hand, there are almost no March UY contracts on the market for the resorts on which I’d like to add on. Availability is almost zero, and has been for weeks. I also won’t buy any other UY because of the added inconvenience, which to me sounds like a monumental pain. Buying direct isn’t looking so bad right now.

 

[ILoveMyDVC]

So one resale company goes to the minute for the bid - we both bid asking price. No Best and final - just you missed it by 12 minutes.

The other resale company leaves the bid up all night (at least) without getting back to anyone collecting as many bids as possible despite having at least one offer at asking price.

How is this legal? Where are the rules so it's at least fair? In one case, the agent knew how much I wanted the deal amd she didn't call me letting me miss it by the 12 minutes. Why is that one a "one and done" by the clock. While others just stay up? If a bid comes in higher, willothers that at least bid asking price get a chance to up their bid? These aren't auctions for goshsakes. It is out of control. Isn't there a governing body?

 

[Paul Stupin]

So one resale company goes to the minute for the bid - we both bid asking price. No Best and final - just you missed it by 12 minutes.

The other resale company leaves the bid up all night (at least) without getting back to anyone collecting as many bids as possible despite having at least one offer at asking price.

How is this legal? Where are the rules so it's at least fair? In one case, the agent knew how much I wanted the deal amd she didn't call me letting me miss it by the 12 minutes. Why is that one a "one and done" by the clock. While others just stay up? If a bid comes in higher, willothers that at least bid asking price get a chance to up their bid? These aren't auctions for goshsakes. It is out of control. Isn't there a governing body?

You say it’s not an auction, but that seems to be exactly what you want, if everyone who offered asking price gets a chance to up their bid. That seems to be a recipe for even more craziness! And don’t sellers have the right to sell to whoever they want to?
I don’t think any of us are used to demand far exceeding supply. It might become the new normal.

 

[Lee Matthews]

I’m preying more AKL lodge ones come up this week. I’m going to drop from wanting 225 points stripped to 160 but want 2021 points included. Should get it passed ROFR then but my urgency is that I want to go next August for the 50th so the pressure is now on for me

 

[Ruttangel]

I’m preying more AKL lodge ones come up this week. I’m going to drop from wanting 225 points to 160 but want 2021 points included. Should get it passed ROFR then but my urgency is that I want to go next August for the 50th so the pressure is now on for me

I saw this one, which is loaded.
Downside is that it is way over priced and Oct UY not ideal for travelling in Aug
https://www.dvcresalemarket.com/listings/animal-kingdom-lodge/aka2035/

 

[Lee Matthews]

I saw this one, which is loaded.
Downside is that it is way over priced and Oct UY not ideal for travelling in Aug
https://www.dvcresalemarket.com/listings/animal-kingdom-lodge/aka2035/

yeah I did see that one. Think it’s one family selling like all 4 of their contracts. For me it was that the 2019 points would be a write off and October wasn’t the best date. The high $ pp really pushes up the closing costs that Monera want too

Same with a 220 point one. Decent price. Has a ton of 2021 points I could use but the $131 pp throws my closing costs

 

[Lee Matthews]

I swear to God, if this doesn't pass ROFR I am just going to give up and stay at Universal.

I'm going to have to do a load of overtime soon at work with the Closing costs being higher than I wanted but when we plan to trip in August 2022, this is the perfect contract for us as we get 3-4weeks to use those 2020 points. I doubt I will even seek a top up for a while.

Seller wanted $131 per point

Lee Matthews---$120-$28,991-220-AKL-Sep-106/20, 220/21, 220/22, SELLER PAYS 20-MF - sent 12/04

 

[ILoveMyDVC]

You say it’s not an auction, but that seems to be exactly what you want, if everyone who offered asking price gets a chance to up their bid. That seems to be a recipe for even more craziness! And don’t sellers have the right to sell to whoever they want to?
I don’t think any of us are used to demand far exceeding supply. It might become the new normal.

I want clear cut rules.

 

[Paul Stupin]

I want clear cut rules.

Sounds like the buyer of the contract you wanted might have asked the agent what amount it would take to take the contract off the market without entertaining other offers. It doesn’t sound fair and I‘m sure it was frustrating. You can always refrain from using that broker again. If they keep it up sooner or later it will catch up with them.

 

[pkrieger2287]

https://twitter.com/x/status/1379833875673800704

 

[pkrieger2287]

https://twitter.com/x/status/1380925417272573957

 

[Belle53]

Belle53---$104-$17411.50-150-SSR-Oct-120/20, 150/21, 150/22-International seller- sent 4/9

 

[Sandisw]

I want clear cut rules.

It doesn’t sound like there is too much that guides it and that individual brokers can run it the way they want. From what I have been able to find, the process has to be clear to the seller, since they are the one signing the contract.

As I said, I did direct a broker not to bring me bids under a certain number but told them I wanted all offers as they came in as long as they were above it.

I know right now, we seem to be hearing more and more about auction style bidding. It sounds frustrating for sure

 

[RunMagicalMiles]

What a great deal!

Belle53---$104-$16345-150-SSR-Oct-120/20, 150/21, 150/22-International seller- sent 4/9

 

[RunMagicalMiles]

RunMagical Miles--$110-$16500–150-OKW- Feb - 80/20, 150/21, 150/22-- sent 4/9

 

[Paul Stupin]

I feel like there’s a bit of panic in this community-I dunno. Maybe we all need to just consider taking a few breaths and wait a bit. Disney isn’t going anywhere. DVC isn’t going anywhere. Don’t get pushed beyond what you can afford or settle for something you don’t really want because it feels like this is your only chance. There will always be another deal. Waiting to go or renting points in the interim or having fewer points for a bit won’t kill any of.

In. Out. Breathe......

Or...prices will continue to go up and if you wait you’ll wind up paying even more.