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

[UbieTinkinMon]

So for anyone who is getting theirs taken, are you going to stay with the same resort for your next offer or try something different? I am pretty confidentish that my VB contract will be ok, but as my answer is now getting close (sent on 4/29), I'm starting to ask myself whether I would go big on VB points again or go smaller and just eat the minimum $144 price tag somewhere else (with lower MFs).

We are on our 4th contract at AKV, and awaiting ROFR. I think we would continue to submit offers for AKV because we love the resort, but also because we feel we are getting the most bang for our buck out of the resort.

 

[RachStu]

I agree, as a seller who is not in a desperate need to sell, I have the luxury of waiting for a price i feel good about. It helps me that I sell privately so the commission savings means a really fair price to buyers. My goal is to sell right at the line of pass/taken. I think that is most fair to all concerned.

Other sellers just want out and an offer, any offer, is helpful.

Buyers should offer whatever they are willing to pay. It is up to sellers to determine if that works for them or not.

Just my $0.02

I have been doing the same and trying to sell privately as the agent I’ve listed with hasn’t received any offers yet. It’s the private offers that have been for unrealistic amounts ($100 pp and $113 pp - the latter inclusive of all costs and fees). Luckily we have the luxury of time and don’t need to sell, but I have found receiving what I deem to be silly offers rather irritating, particularly when the potential purchaser then tries to engage in an exchange about why their offer is a fair one. I guess that’s something you don’t have to put up when just listing with a broker. Either that or I need to find a better marketplace for a private sale than the one I’ve currently tried.

 

[wdw4rfam]

The average ROFR thread poster is smarter and better informed than 99% of DVC members.

And smarter than some brokers. (I’m looking at you broker from the largest reseller out there who told me don’t worry an OKW extended at $125 per point will go through because it’s already extended so disney can’t extend it again…)lol

 

[hglenn]

UPDATE: passed on our second BCV coctract.

YEAH!!! You're killing it on those BCV contracts! Congrats!

 

[eticketplease]

And smarter than some brokers. (I’m looking at you broker from the largest reseller out there who told me don’t worry an OKW extended at $125 per point will go through because it’s already extended so disney can’t extend it again…)lol

Maybe the original 42 would pass but I can't believe they thought an extended would go for that low. smh

 

[superlarz]

superlarz---$142-$7805-50-SSR-Oct-0/20, 0/21, 25/22, 50/23- sent 5/12

 

[Ginamarie]

It’s frustrating to see all of these reasonably highly priced AKV contracts being taken yet whilst knowing that sellers are still receiving ridiculously low offers from buyers ($100pp and $113pp for AKV by way of example). Why waste time on making offers that will obviously be taken? The only one to benefit at that price level is Disney.

Because sometimes they get through!
If you’re not in a rush to get more points, hunting for the bargain is fun (and may be profitable).

 

[Ginamarie]

Double posted by mistake- but to answer if I’d keep chasing the same resort- yes. I’m getting more picky though and it has to be the right use year and the right number of points and the right price. Luckily, I’m in no rush for points right now. I still have 2022 points that I’ll probably be banking to use next year and plenty more coming in 2023.

 

[CaptainAmerica]

Because sometimes they get through!
If you’re not in a rush to get more points, hunting for the bargain is fun (and may be profitable).

Especially when you consider that not all brokers disclose who is and isn't an international seller.

 

[RachStu]

Hmmm, so the international sellers get shafted with a low price and 15% withholding tax (FIRTPA) which they then have to pay a separate agent to claim back with no guarantee they will get it back. Perhaps it’s better from a sellers perspective not to disclose the fact if you are international. Either that or I’m just in a grumpy mood today

 

[Toadismydriver]

toadismydriver---$285-$59850-210-VGC-Jun-0/21, 420/22, 210/23- sent 4/14, passed 5/18

 

[The_MT]

Inching closer to those of us who were sent on 4/26 and 4/29. I've had it in my head for two weeks that I would hear on 5/20. I may end up being correct.

i'm 4/26 - i'd love to hear on 5/20!

 

[hglenn]

Hmmm, so the international sellers get shafted with a low price and 15% withholding tax (FIRTPA) which they then have to pay a separate agent to claim back with no guarantee they will get it back. Perhaps it’s better from a sellers perspective not to disclose the fact if you are international. Either that or I’m just in a grumpy mood today

You always have the right to refuse an offer... I wouldn't say you get shafted but you probably get offers under ROFR floor. I guess it just depends on how long you want to wait. If I were int'l I would be saying that but also holding the line on my price so long as it's reasonable. I definitely think there are buyers out there who are willing to pay a fair price (approx ROFR value) with the perceived peace of mind that it's going to get through due to int'l seller.... Just my opinion...

 

[Jay_Disney]

Jay_Disney---$115-$25439-200-BRV@WL-Oct-0/21, 274/22, 200/23- sent 4/21, passed 5/19

Seller banked the 74 points from 2021 for me into 2022. Estoppel issued at the same time! I'm so excited this passed!

 

[Sandisw]

Is it looking like the next fire sale will be AKL?

I think that the strong numbers for direct sales at both RIV and VGF, put any fire sales on the back burner for the time being.

 

[CaptainAmerica]

I think that the strong numbers for direct sales at both RIV and VGF, put any fire sales on the back burner for the time being.

They gotta do something with these ROFRs they're gobbling up.

They sold 3 Beach Club contracts last month. They've bought back 35 year-to-date just from DVC Resale Market alone.

 

[Sandisw]

They gotta do something with these ROFRs they're gobbling up.

Maybe they want to earn back money they lost from giving away all those points during the pandemic to give owners "extensions". Gobbling them up allows them to put more rooms into cash inventory?

At least until they need to fire sale something...as I have mentioned a lot, prior to the pandemic, they didn't have sold out resort incentives...they didn't need them...

And, any unsold inventory they hold...which is what points become when they are taken from ROFR, are not subject to dues for the operating costs....

 

[Parkhopperplanner]

Inching closer to those of us who were sent on 4/26 and 4/29. I've had it in my head for two weeks that I would hear on 5/20. I may end up being correct.

Same! I'm a 4/29 person as well...I figured I'd hear late next week into early June!

 

[The_MT]

Maybe they want to earn back money they lost from giving away all those points during the pandemic to give owners "extensions". Gobbling them up allows them to put more rooms into cash inventory?

At least until they need to fire sale something...as I have mentioned a lot, prior to the pandemic, they didn't have sold out resort incentives...they didn't need them...

And, any unsold inventory they hold...which is what points become when they are taken from ROFR, are not subject to dues for the operating costs....

I also think that they are working hard to keep the resale prices high and will continue raising direct prices in preparation for the release of the new Disneyland Tower.

 

[Parkhopperplanner]

Maybe they want to earn back money they lost from giving away all those points during the pandemic to give owners "extensions". Gobbling them up allows them to put more rooms into cash inventory?

At least until they need to fire sale something...as I have mentioned a lot, prior to the pandemic, they didn't have sold out resort incentives...they didn't need them...

And, any unsold inventory they hold...which is what points become when they are taken from ROFR, are not subject to dues for the operating costs....

So this has been my thought too... maybe the point pool overflow problem can be solved if they buy back up the points without the intention of reselling just to bring things back into balance?