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

[Hopfather28]

The resale price has surprised many, myself included. Some of us never thought it would sell at the rates it is. I even said I wouldn't even buy it for $50/point because of its restrictions. I then fell in love with the resort, bought direct, and last summer, paid $152/point for my restricted resale at RIV!!!

IMO, people are willing to buy restricted points because the resort sells itself. Now, I would venture that many buying it resale have every intention of buying points at other resorts that can be used for variety...or, like me, already own plenty of points that can be used everywhere.

Since DVD can change the resale restrictions at any time, I think if they were that concerned about the impact on direct sales, they would have adjusted. Having said that, they now have VGF competing directly with it at the same time, in a post pandemic world, and in the same economic climate. If there are any concerns about this long term strategy, the next few months of direct sales will give them concrete data to use...but, honestly, I don't see them ever aggressively taking back those contracts as the whole purpose of the move is to guide people to direct.

I had dinner at Topolino's last summer and I have to say I was actually not impressed by the resort. It seemed like a wonderful hotel, don't get me wrong, but as I walked around I was underwhelmed by the shops, landscaping, theming, pool, etc. All of this to say that I think every person has their own taste and since that's the case some people are willing to spend the money on resale knowing they can only ever stay there and that's completely fine.

 

[Sandisw]

I had dinner at Topolino's last summer and I have to say I was actually not impressed by the resort. It seemed like a wonderful hotel, don't get me wrong, but as I walked around I was underwhelmed by the shops, landscaping, theming, pool, etc. All of this to say that I think every person has their own taste and since that's the case some people are willing to spend the money on resale knowing they can only ever stay there and that's completely fine.

Absolutely...I feel the same way at AKV...it does nothing for me and won't stay there. I was more trying to indicate that it is selling more than many of us thought it would because the resort itself is outweighing the resale restrictions for buyers who enjoy it!

 

[Klinger13]

I'll be honest - it's wonderful knowing that we passed ROFR, however, now I'm on day 4 of waiting for my closing docs. I know it can take a bit but several people have posted that they got their docs the same day or the next day with other brokers/title companies.... I'd say passing ROFR is definitely the most painful but the continued waiting afterwards isn't great....

I concur, the wait SUCKS!! I passed ROFR 3/29 (SSR) and I didn’t get my closing docs until 4/13. I returned mine on 4/15, seller still hasn’t returned theirs.

 

[Mrsjoneslilac]

I'll be honest - it's wonderful knowing that we passed ROFR, however, now I'm on day 4 of waiting for my closing docs. I know it can take a bit but several people have posted that they got their docs the same day or the next day with other brokers/title companies.... I'd say passing ROFR is definitely the most painful but the continued waiting afterwards isn't great....

Wow. So much waiting! I got my closing docs about an hour after being notified about passing ROFR. We’re finally getting it notarized tonight after 3 days of having them. We work days, so we are using a mobile notary. Hopefully you’ll get yours soon! I can’t wait to book our first DVC trip!!

 

[HIRyeDVC]

I then fell in love with the resort, bought direct….

IMO, people are willing to buy restricted points because the resort sells itself.

This is probably the #1 reason why the resale value remains high for RR. I too think it’s a beautiful resort. I just can’t stomach the points chart, when you have BWV and BCV that are better located and are so much cheaper in points. But i hope to stay there in the near future.

 

[HIRyeDVC]

Once the resort sells out, though, they will.

If and when RR sells out, it will be interesting. Not just the resale prices, but the ownership picture. As more direct owners sell, the number of RR resale owners will grow and they will only be able to book at RR. The competition for those standard view rooms amongst owners will become even more fierce.

 

[Cyberc1978]

Adding on a small contract

Cyberc1978---$135-$5900-40-SSR-Jun-0/21, 60/22, 40/23-Sellers pays ‘22 dues- sent 4/29

 

[dlam32]

The resale price has surprised many, myself included. Some of us never thought it would sell at the rates it is. I even said I wouldn't even buy it for $50/point because of its restrictions. I then fell in love with the resort, bought direct, and last summer, paid $152/point for my restricted resale at RIV!!!

IMO, people are willing to buy restricted points because the resort sells itself. Now, I would venture that many buying it resale have every intention of buying points at other resorts that can be used for variety...or, like me, already own plenty of points that can be used everywhere.

Since DVD can change the resale restrictions at any time, I think if they were that concerned about the impact on direct sales, they would have adjusted. Having said that, they now have VGF competing directly with it at the same time, in a post pandemic world, and in the same economic climate. If there are any concerns about this long term strategy, the next few months of direct sales will give them concrete data to use...but, honestly, I don't see them ever aggressively taking back those contracts as the whole purpose of the move is to guide people to direct.

Totally agree that Riviera blew us away with it's awesomeness. We had no intentions to buy there because of all the negatives and because we already owned at other resorts. And then we had breakfast at Topolinos with those views and took a tour of the villas. Of course one thing leads to another and now we own direct and resale there! I really hope that Disney addresses the Riv specific restrictions, particularly if they are going to strand it as the only resort on WDW with them.

 

[RamblinWreck]

If and when RR sells out, it will be interesting. Not just the resale prices, but the ownership picture. As more direct owners sell, the number of RR resale owners will grow and they will only be able to book at RR. The competition for those standard view rooms amongst owners will become even more fierce.

Absolutely! If you’re a resale owner, you can’t really afford to not book at the 11 month window. There is no fall back option beyond booking a room category that you didn’t want.

 

[purplenancy27]

I just noticed a broker has listing that has
"Seller pays closing"
Isnt that a flag at ROFR?

 

[hglenn]

Absolutely! If you’re a resale owner, you can’t really afford to not book at the 11 month window. There is no fall back option beyond booking a room category that you didn’t want.

Very great point. So in thinking of buying resale, probably want to buy more points for the room category flexibility....

 

[dlam32]

If and when RR sells out, it will be interesting. Not just the resale prices, but the ownership picture. As more direct owners sell, the number of RR resale owners will grow and they will only be able to book at RR. The competition for those standard view rooms amongst owners will become even more fierc

Absolutely! If you’re a resale owner, you can’t really afford to not book at the 11 month window. There is no fall back option beyond booking a room category that you didn’t want.

Completely agree. Direct owners will have recourse to book elsewhere but the resale only owners are gonna be like hunger games if they only want tower studios or standard view rooms. The preferred view points are such a huge step up. They are readily available because they are so undesirable. The incidental perks were not enough of a difference to keep people from buying resale. Now it seems like Disney is really going out of their way to make owners, RIV at least, feel the pain of buying resale vs direct.

 

[harmon54]

Spoke to broker today, and they took it. 44 days!!! So now we start all over, this time I'm looking at international sellers only.

Wow I would have thought that was a fair price. Guess now is the time to sell if you are an international seller. Good luck finding one!

 

[Huskerpaul]

Totally agree that Riviera blew us away with it's awesomeness. We had no intentions to buy there because of all the negatives and because we already owned at other resorts. And then we had breakfast at Topolinos with those views and took a tour of the villas. Of course one thing leads to another and now we own direct and resale there! I really hope that Disney addresses the Riv specific restrictions, particularly if they are going to strand it as the only resort on WDW with them.

I think the real test for continued resale restrictions will be the Disneyland Tower, which I have no doubt will be a new association. If they don't add resale restrictions to new tower sales I think we will know they decided it did more harm than good to direct sales at Riviera.

 

[HIRyeDVC]

I think the real test for continued resale restrictions will be the Disneyland Tower, which I have no doubt will be a new association. If they don't add resale restrictions to new tower sales I think we will know they decided it did more harm than good to direct sales at Riviera.

I think most believe that the resale restrictions won’t have much impact to DLT sales. Availability is so scarce in the west coast, even without the restrictions, most would self impose restrictions and use their DLT points exclusively at DLT anyways. I think the real litmus test will be the new Poly Tower.

 

[HIRyeDVC]

Completely agree. Direct owners will have recourse to book elsewhere but the resale only owners are gonna be like hunger games if they only want tower studios or standard view rooms. The preferred view points are such a huge step up. They are readily available because they are so undesirable. The incidental perks were not enough of a difference to keep people from buying resale. Now it seems like Disney is really going out of their way to make owners, RIV at least, feel the pain of buying resale vs direct.

They should really look at rebalancing the RR points chart. I mean, most people rather have the Epcot/parking lot view over the lake view overlooking CBR anyways. The point chart for the PV rooms are ridiculous!

 

[TroJo]

I think most believe that the resale restrictions won’t have much impact to DLT sales. Availability is so scarce in the west coast, even without the restrictions, most would self impose restrictions and use their DLT points exclusively at DLT anyways. I think the real litmus test will be the new Poly Tower.

Agreed - as for myself (and probably most people) I won’t care about restrictions for VDH. Probably won’t care about point charts or point price either. Just take my money.

 

[HIRyeDVC]

Agreed - as for myself (and probably most people) I won’t care about restrictions for VDH. Probably won’t care about point charts or point price either. Just take my money.

That’s right! It’s called VDH now. Though, it kinda sounds like an acronym for a STD or something. I used to think like you and thought I would buy no matter what. But depending on the price per point, points chart, MFs, and room layouts, I don’t think it will sell like hot cakes like everyone thinks it will.

 

[mitchruss]

Wow I would have thought that was a fair price. Guess now is the time to sell if you are an international seller. Good luck finding one!

I thought so too, and it was a buyer pays closing and dues. We found an international seller and got an accepted offer, so now we wait again...

 

[MickeyismyCat]

I just noticed a broker has listing that has
"Seller pays closing"
Isnt that a flag at ROFR?

No clue.
I don't think anyone knows the criteria besides basic pricing that makes a contract more appealing to Disney.
One would think that the out the door price per point after all fees are added in would be a good standard Disney would utilize. Pretty basic arithmetic. Probably automated.

I also think the criteria evolves, thus the inconsistencies we see here.

Having a small well tracked pool of points available for direct buying seems like a given for DVC. Even if they have to warehouse some of the maintenance fees. When they get their forcasting wrong, then the wait list.

My guess is they try to forecast expected sales based on every metric they can track. Property demand, average points purchased, use year, physical tour traffic, online literature/mailing list signups, planned incentives/price increases, what ever!

Right now parks are jammed and DVC seems to be exploding in popularity based on this data.
https://dvcnews.com/dvc-program/fin...-sales-resume-direct-sales-jump-in-march-2022

DVC obviously knows this and is making decisions to capitalize on it.

Hell, I wouldn't be surprised if someone in leadership reviews these very forums and has given the directive to slow the speed of reviewing contracts up for ROFR. Pretty obvious that most of us here are impatient addicts. The countless posts/chains in this very thread culminating in "I cant do ROFR any longer, I'm just going to buy direct" is the best incentive for DVC to drag it out. (so keep your impatient public whining down)

They can't take them all! (or find a good deal international contract)

*Edit - Does anyone know if properties have a wait list currently?
Do you waitlist by use year?
When DVC does claim a contract via ROFR, do the points go back to a pool DVC and resell but remain attached to their original use year, or is the existing use year voided?