ROFR Thread April to June 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[2022-DVC-SSR]

Wow great price congratulations!! Wish I’d seen this!! Hoping to hear back about my BWV contract sent on 5/12 soon (international seller) and the AKL contract sent 5/14 which I am fully expecting to be taken!! Think I need to find an international seller for this other contract too to get it through!

Thanks and good luck to you! I only submitted the offer b/c of the great information learned from reading this board!

 

[Sandisw]

If it were that easy, Aulani would have sold out years ago. Take-what-we're-selling-and-use-it-as-SAP isn't compelling.

I'm sure some people decide to buy DVC and just take whatever is being actively sold at that time, but I think a huge amount of the marketing pitch is about buying that particular resort. It's not "buy DVC! (and your home resort is Riviera)," it's "buy Riviera! (which gives you access to all of DVC)."

Except AUL is not at WDW so you can’t book a trip there until 7 month. It’s different getting people to purchase VGF and RIV since they can book their trip where they want to be.

Both those resorts can sell themselves for new buyers who want DVC…while at the same time, if a buyer truly wants something else, and it’s that important, they can choose any of the others,

As I said, at some point, you may see DVD offer sales on sold out resorts, but just can’t see it happening while they have so many new points to sell now, and the near future.

 

[Mexacajun]

They seem to be the most efficient title company in these boards.... that was definitely not my experience with my title company....

Two contract I had cleared ROFR almost two weeks ago. One was with mason and I got documents from them in a couple of days and did my part and got them notarized and sent back in a day. And the other I haven’t received anything and inquired this week and they told it would be ready until next week. Really frustrating.

 

[hglenn]

Two contract I had cleared ROFR almost two weeks ago. One was with mason and I got documents from them in a couple of days and did my part and got them notarized and sent back in a day. And the other I haven’t received anything and inquired this week and they told it would be ready until next week. Really frustrating.

Yes, that is super frustrating! One company seems to set the bar super high and then there's everyone else....

 

[mcdieselsauce]

Mcdieselsauce---$138-$17250-125-RIV-Oct-44/21, 232/22, 125/23, 125/24- sent 4/29 - Passed 5/25

 

[UbieTinkinMon]

UbieTinkingMon---$138-$32990-220-AKV-Sep-0/21, 222/22, 220/23- sent 6/2

5th time is the charm?

 

[Spinster Travel]

Seriously thought there would be a slew of ROFR results today....such a downer

 

[lkpat1983]

So, just bought PVB (closing soon) and did a cash stay at BoardWalk and fell in love!!! I think add-on-itis is biting me.

 

[I am Moana of Motunui]

Seriously thought there would be a slew of ROFR results today....such a downer

You read my mind .... I was hoping for the same!

 

[Spinster Travel]

You read my mind .... I was hoping for the same!

I'm waiting on a contract from 5/11 - certainly didn't expect an answer today, but was hoping for others to hear so I could guage my changes LOL

 

[Brian Noble]

I have to think they're accumulating points through ROFR faster than they can offload them (undiscounted) to Direct buyers. [...] I think they're buying the points to inflate resale prices and make Direct more appealing in comparison.

That's an awfully expensive way to deploy capital in a business that, in general, does not require such a strategy to sell timeshares. Wyndham et. al. sell points at inflated prices all the time, and those are essentially free in resale.

I mean, I suppose that a DVC customer is just so much more sophisticated than those rubes buying Wyndham, and the DVC customer needs to be convinced not to buy resale, but HL Menken begs to differ.

Finally. I wonder if you are ascribing motive to DVD's behavior when that motive just so happens to give you something you really want---deep discounts at a sold out resort.

 

[Princess Ploppy]

Seriously thought there would be a slew of ROFR results today....such a downer

Same here. Really though I might have been in with a chance of hearing back on my 5/12 contract but no such luck.

Dining reservation day for me tomorrow though for our August trip so that’ll distract me from the lack of news!

 

[Parkhopperplanner]

So, I'm sure it's nothing...but I got open escrow documents today (are these the closing documents? I wish there was a little bit more information from my agent) and the documents said "We are still waiting for Disney for the Right of First Refusal. Your sales agent will notify you on Disney's decision."...except I got an email from the concierge (not my sales agent) on 5/28 that said I had passed ROFR. Has anyone else had a similar experience?

 

[Chia1974]

Can we use non OKW resale points like AKV VGF at OKW till 2042 or 2057?

 

[Sandisw]

Can we use non OKW resale points at OKW till 2042 or 2057?

It depends on whether you are buying an extended contract or not.

If it’s not extended, then it’s 2042. If you are buying from the original OKW owner, they are required to sign a quit claim deed before selling agreeing that the contract goes ti DVD in 2042.

 

[Chia1974]

It depends on whether you are buying an extended contract or not.

If it’s not extended, then it’s 2042. If you are buying from the original OKW owner, they are required to sign a quit claim deed before selling agreeing that the contract goes ti DVD in 2042.

What I meant was using for example resale AKV or VGF etc.

 

[Sandisw]

What I meant was using for example resale AKV or VGF etc.

I read it as buy and not use. OKW officially expires in 2057 so Unless they remove from BVTC, it would be available for use until 2057.

 

[CaptainAmerica]

That's an awfully expensive way to deploy capital in a business that, in general, does not require such a strategy to sell timeshares. Wyndham et. al. sell points at inflated prices all the time, and those are essentially free in resale.

I mean, I suppose that a DVC customer is just so much more sophisticated than those rubes buying Wyndham, and the DVC customer needs to be convinced not to buy resale, but HL Menken begs to differ.

Finally. I wonder if you are ascribing motive to DVD's behavior when that motive just so happens to give you something you really want---deep discounts at a sold out resort.

What is your theory supporting the $48 discount on Bay Lake Tower we saw in February?

 

[badeacon]

Mcdieselsauce---$138-$17250-125-RIV-Oct-44/21, 232/22, 125/23, 125/24- sent 4/29 - Passed 5/25

Congratulations!! Great price.

 

[Brian Noble]

What is your theory supporting the $48 discount on Bay Lake Tower we saw in February?

So far, a one-off, and it still didn't bring the price down below the resorts in active sales at the corresponding point levels. More importantly, it doesn't appear to have been fueled by unusual ROFR activity. It looks to me like a trial balloon more than a change in philosophy---maybe a trial for pricing GFV-2. The fire sale lasted almost exactly a month, and ended just as GFV-2 pricing was announced.

Like I said, I could be wrong, and DVC could be doing something very different from what every other timeshare developer, anywhere, does. Namely they could be buying back things at a price higher than it costs to build new construction to sell it at a price equal or below that new construction. The Mouse has probably done stranger things, but none come to mind at the moment.