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

[hobbes42]

..... We don't need any more points right now anyway.

... but you might need some tomorrow, or maybe next week. One should always be prepared.

 

[CaptainAmerica]

You can probably find a seller in the $115-$120 with all the listings but problem is passing ROFR.

Personally, I would rather just wait for a fair price that might pass but is on the border which is around $130-$135 now a days.

There is no such thing as a fair price. There is only buyer and seller (and Disney).

 

[wnielsen1]

Can you modify a DVC offer if it hasn't been accepted yet?

Sure

 

[RamblinWreck]

I was serious about putting some offers in that I know won't pass. Sellers right now are relying on buyers overpaying to get through ROFR, and until buyers start putting some downward pressure on sellers, the market is going to stagnate. If OKW's equilibrium price ought to be $100, we need to start slamming through some $95s. Disney can't take them all.

Right now, I'd argue that the only good offers you can get through are at Aulani if you don't mind dealing with Aulani things. Everything else has been ROFR'ed way too high.

Don’t forget the Grand Floridian!

Embrace the old lady within you

 

[CaptainAmerica]

Embrace the old lady within you

Things just got weird.

 

[DKZB]

Things just got weird.

This should be the motto of this thread

Keeping DVC weird since 2022

 

[wdw4rfam]

That’s a good strategy! How do you go about using points from a different membership if they are the same home resort. For instance I have February UY at VGF, how would I borrow points from a September UY at VGF?

You transfer them to the other membership. Once transferred you can use them to book one reservation. But they keep the same expiration. So if you transfer September points to February contract, they will still keep the September expiration of you cancel or you would still have to use them before they expire aug 31.

 

[Epcot Forever Forever]

Do they get a lower commission if Disney buys it vs a third party buyer?

They shouldn’t. The idea of ROFR is that Disney has the right to accept the EXACT terms of the sale.

 

[SeasonneRose]

They shouldn’t. The idea of ROFR is that Disney has the right to accept the EXACT terms of the sale.

Then that dual agency is really a raw deal because the agent has absolutely NO fiduciary duty to serve the buyer at all.

 

[Epcot Forever Forever]

Then that dual agency is really a raw deal because the agent has absolutely NO fiduciary duty to serve the buyer at all.

They have a legal duty, but it would be so hard to prove they acted improperly that it’s basically unenforceable, and there’s no incentive for them to financially, right.

 

[SeasonneRose]

They have a legal duty, but it would be so hard to prove they acted improperly that it’s basically unenforceable, and there’s no incentive for them to financially, right.

It's not about acting improper it's about the fiduciary duty. They are clearly going to be more concerned with the side that's paying them. There's no consideration being paid on the side of the buyer so there's no real reason for the buyer's interest to be their main or even quasi concern.

 

[RKS03]

If anything it seems that because the agent gets paid the same even if Disney takes the contract, they might not talk a buyer out a lower offer that’s likely to be taken. The amount of commission for a few dollars per point would be minimal for them so they don’t have much incentive to talk up the price. Plus if it gets taken they can try to sell the buyer a different contract.

 

[Sandisw]

Then that dual agency is really a raw deal because the agent has absolutely NO fiduciary duty to serve the buyer at all.

They are considered transaction brokers which means no fiduciary duty to either party.

 

[SeasonneRose]

They are considered transaction brokers which means no fiduciary duty to either party.

That makes far more sense.

 

[DKZB]

That makes far more sense.

especially since even at 9% commission it’s still a volume game to make any real money. Their best incentive is to get a deal and move on. Not sure why brokers scoff at lowball offers, it doesn’t change their commission all that much!

 

[NVDISFamily]

especially since even at 9% commission it’s still a volume game to make any real money. Their best incentive is to get a deal and move on. Not sure why brokers scoff at lowball offers, it doesn’t change their commission all that much!

One guess is that higher cost per point values get more sellers to list their contracts. That would be one incentive for them to keep the market higher.

 

[Den8uml]

Den8uml---$113-$28845-230-OKW-Sep-0/20, 0/21, 230/22, 230/23- sent 3/30, taken 5/13

 

[CaptainAmerica]

Den8uml---$113-$28845-230-OKW-Sep-0/20, 0/21, 230/22, 230/23- sent 3/30, taken 5/13

Nice of them to take their sweet time.

 

[Spinster Travel]

Spinster Travel---$137-$4039-25-OKW(E)-Sep-0/20, 0/21, 13/22, 25/23- sent 5/12

I was totally going to pick up a small direct contract and then this poppped up. Score - not sure how ROFR will go

 

[sipnride]

Are there no buyers period? Or are there no buyers at SSR $140?

I just had an email exchange that has led me to believe that sellers are either insane or they're being led to insanity by insane agents. When Contract A has been sitting unsold for LITERALLY MONTHS, why would you think to list extremely similar Contract B for a higher price and then act all insulted that I dare offer before ROFR? Sit on it until September, it's no skin off my nose.

The back and forth I've had with some agents the past few months has been exhausting. I don't care that it's loaded - in fact I already knew that before I made the offer I made. Just pass it on to the seller and let them decide whether they want that contract sitting there another 38 days would ya?