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

[MFMont]

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

Total cost of contract is what maters to them. I think it makes some feel better if they have a high PP cost but make up for itthe MF cost. I am guessing the ROFR team does have calculators at their disposal

 

[Huskerpaul]

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.

I think you are right about VDH. Too much demand for restrictions to matter.

But I think the Poly addition will be added to the existing association for a few reasons like: room type mix currently and diluting the bungalow points pool more. But the main reason is the contracts would be for 40 years instead of 50. Turning that capital asset over 10 years sooner looks real nice on the ROI calculations.

 

[KTownRaider]

But the main reason is the contracts would be for 40 years instead of 50. Turning that capital asset over 10 years sooner looks real nice on the ROI calculations.

The jury is out on whether Poly2 will be a new association or join the existing, but there's nothing holding DVC from making POLY2 a new association and selling contracts for less than 50 years (see Beach Club).

 

[Sandisw]

I think you are right about VDH. Too much demand for restrictions to matter.

But I think the Poly addition will be added to the existing association for a few reasons like: room type mix currently and diluting the bungalow points pool more. But the main reason is the contracts would be for 40 years instead of 50. Turning that capital asset over 10 years sooner looks real nice on the ROI calculations.

If the timetable stays the same, it would be a 6 year difference. If they are having good success selling VGF now with 44 years, then no reason DVD has to make Poly tower 50 years.

It really comes down to whether they think selling the Poly tower will do better as it’s own association and giving only those owners at the tower the home resort advantage for those different room sizes,

Adding to PVB means adding 4 million points to the booking eligibility, not to mention it cant do restrictions If that is still a long term goal…and so far, we have to assume it is since they have not removed them from RIV.

 

[dado4]

Maybe Grand Floridian prices coming down? A good price, 160pt contract just came up. If I had that Use Year I'd make a low offer seeing if it could be accepted.

 

[YellowHouse]

YellowHouse---$161-$33922-200-BLT-Feb-0/21, 124/22, 200/23, 200/24- sent 4/29

 

[Zazu the majordomo]

Zazu the major domo---$169-$36280-200-PVB-Dec-0/20, 0/21, 192/22, 200/23- sent 4/29

Third times the charm???

 

[mejones1115]

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....

We were already forewarned that our title company us about 2 weeks our from sending closing documents because they're short staffed. We passed a week ago today and are still waiting.

 

[MalorieA]

SSR here too. My broker just called back and said still no answer. She said Disney is really backed up and short staffed. I guess I’m going into 40 day territory. I just wish they’d take it already so I can make another offer.

Same here…Or not bc I’ve been looking at beach club which I swore I’d never consider because of the increased price per point but I have 2 little boys that I know would love that water area especially in the coming years. Hard to balance your head and your heart sometimes. But it’s crunch time now for me because I have several trips planned in the next year. Le sigh. Oh well

 

[keirabella2012]

We were already forewarned that our title company us about 2 weeks our from sending closing documents because they're short staffed. We passed a week ago today and are still waiting.

Did you buy from dvcresalemarket?

 

[HIRyeDVC]

Same here…Or not bc I’ve been looking at beach club which I swore I’d never consider because of the increased price per point but I have 2 little boys that I know would love that water area especially in the coming years. Hard to balance your head and your heart sometimes. But it’s crunch time now for me because I have several trips planned in the next year. Le sigh. Oh well

Once the BCV bug bites, you can’t let it go. I think I’ll be tempted to buy it until 2042.

 

[MalorieA]

Once the BCV bug bites, you can’t let it go. I think I’ll be tempted to buy it until 2042.

It’s funny how your brain tries to justify the numbers. You start at point A which is what makes sense knowing everything you know about the economics of DVC…then end up at point Y wondering how the heck you got here….knowing that you wouldn’t have been willing to spend this much money a few mindsets ago. Hah

 

[DisneyaholicRaquel]

DisneyaholicRaquel---$140-$3990-25-OKW-Sep-0/20, 0/21, 25/22, 25/23-Seller pays MF ‘22- sent 3/25, passed 4/21

 

[CaptainAmerica]

Not to mention it cant do restrictions If that is still a long term goal…and so far, we have to assume it is since they have not removed them from RIV.

If restrictions were the long term goal, I think VGF2 would have had them.

 

[CaptainAmerica]

Same here…Or not bc I’ve been looking at beach club which I swore I’d never consider because of the increased price per point but I have 2 little boys that I know would love that water area especially in the coming years. Hard to balance your head and your heart sometimes. But it’s crunch time now for me because I have several trips planned in the next year. Le sigh. Oh well

Beach Club value is so bad that you're better off not buying DVC at all. If you want to stay at Beach Club, wait for a 30% discount and stay as a cash guest.

 

[Sandisw]

If restrictions were the long term goal, I think VGF2 would have had them.

I don’t. I think there were unique reasons…the quick turn around to get it for sale being the main one…along with other reasons to add them to one of the smallest resorts. The advertising uses front and center the aspect of having all room types available, and of course resort studios.

A new association for those would have required more than just the update of the POS.

If they were definitely abandoning, then why not announce it directly as such with VDH or Poly tower like they did with VGF? Or have changed it for RIV already?

I just don’t think it’s been decided to change it yet. I am not saying they may not be discussing but it’s way too soon to know until we see what amounts to a new build and resort without them.

If VDH comes out without them, then I agree it’s a changed goal.

 

[MalorieA]

Beach Club value is so bad that you're better off not buying DVC at all. If you want to stay at Beach Club, wait for a 30% discount and stay as a cash guest.

I know it’s crazy. With the best small point resale BCV contracts I can find I still calculate paying upwards of $16-17/pt with current MFs. My direct Riviera pts are currently costing me about $12.70/pt. The idea right now is to just hopefully get in at the 7 month mark into a 1 bedroom at random times. Or maybe I’ll make a last minute decision to just go for it. We’ll see.

 

[HIRyeDVC]

I know it’s crazy. With the best small point resale BCV contracts I can find I still calculate paying upwards of $16-17/pt with current MFs. My direct Riviera pts are currently costing me about $12.70/pt. The idea right now is to just hopefully get in at the 7 month mark into a 1 bedroom at random times. Or maybe I’ll make a last minute decision to just go for it. We’ll see.

Even at those rates, one would view them as better than rack rates. You could also profit renting the points. The thing with BCV is that it’s a tiny boutique resort and the demand will always outstrip supply.

 

[Mexacajun]

Beach Club value is so bad that you're better off not buying DVC at all. If you want to stay at Beach Club, wait for a 30% discount and stay as a cash guest.

Is the same true for boardwalk? I actually did the math and think my purchase that is in ROFR right now of 250 at $143 a point pays itself off before 2042. But I guess value is an objective metric.

 

[MalorieA]

Even at those rates, one would view them as better than rack rates. You could also profit renting the points. The thing with BCV is that it’s a tiny boutique resort and the demand will always outstrip supply.

Exactly and that’s why I’m still trying to justify it in my head…Still better than rack rates…but not the best value that you can get. My initial plan was to rent points but that quickly went down the toilet when I signed up for marathon and planned another short adults only trip. Oops. Maybe I’ll rent in the future…but who knows