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

[HIRyeDVC]

I really think that if they don’t out restrictions on VDH or Poly tower, DVD will remove them from RIV. It won’t make any sense to keep them if they abandon that strategy.

If Riviera removes the restrictions, do you think former owners who had to sell for cheap because of the restrictions can legally sue Disney?

 

[Sandisw]

If Riviera removes the restrictions, do you think former owners who had to sell for cheap because of the restrictions can legally sue Disney?

We knew going in that they could remove them. You agree to it when you buy as part of the contract. It is even an additional page that you sign that describes it so you can’t even claim you didn’t know,

So, absolutely not. Plus the contracts…all of them mention resale Value not being something one can or should count on.

ETA. And, no one forces an owner to sell low.

 

[DVCBeachBum]

Buying any resort just to stay at that resort means you really need to look at point charts.
100points gets you 7 nights in summer at some resorts but RIV only 5 nights or 4 in a preferred room.

Yeah but one of the things with RIV that pushed us over the edge with our 200 pt Direct was that I actually would rather have a standard view there. Standard view is Epcot “fireworks“ and Im cool with it overlooking Skyliner as we arent in the room type people.

 

[Stargazer65]

What happens if Disney decides to take back RIV contracts through ROFR? Since they are restricted points, what do they do with them? Start selling RIV restricted points separately, at a lower price from unrestricted points? Do they wave their magic wand and they become unrestricted again? Is there any legal issue with that?

 

[hglenn]

What happens if Disney decides to take back RIV contracts through ROFR? Since they are restricted points, what do they do with them? Start selling RIV restricted points separately, at a lower price from unrestricted points? Do they wave their magic wand and they become unrestricted again? Is there any legal issue with that?

I would assume they would sell them as new points without restrictions until sold. Similar to what they do with the 2042 OKW contracts when they take them through ROFR and slap a 2057 expiration date on them and resell them as all shiny and new.

 

[Justtopa009]

Justtopa009---$157-$8841-50-AKV-Dec-25/21, 100/22, 50/23- sent 5/26

Justtopa009---$157-$8841-50-AKV-Dec-25/21, 100/22, 50/23- sent 5/26, passed 6/22

 

[Ruttangel]

Another sub $100 AUL listing but it’s 500pts!
it’s actually stripped so I would want a big chunk off that list price. I think $75-80 might get it
https://www.dvcstore.com/listing-detail.cfm?ID=AR500-06-0621

 

[Cyberc1978]

Those of us on disboards are thoughtful buyers and sellers IMO. We have our own *formulas* and are more likely to wait for what we want and withstand the rigors of resale, sometimes repeatedly to get what we want.

I doubt most sellers think about their contracts competing with other sellers, other brokers or realize there is an educated audience waiting to pounce on a deal. They just want to sell. I try to put a listing out when there isn't much competition for the UY and/or contract size. Out of our last four contracts sold, I think all were u/a in 48 hours and DVC bought back three and one is still in ROFR so no worries about buyers backing out in a down economy...it did happen once.

DH and I just had a discussion in the garage (his happy place) about potential deals at the end of the year (collectively 52 years of DVC experience at work). We've been flipping contracts bought cheap early in covid which were loaded, we rented points, used a couple years worth of points and are selling stripped into 2023 with extended closings and at (almost) top of the market prices. We'll take our initial equity, profits and with any luck pick up a few deals...rinse and repeat.

And now that the global economy is tanking more deals can be had around end-of-year or the start of 2023.

Patience is your friend……

 

[CaptainAmerica]

Another sub $100 AUL listing but it’s 500pts!
it’s actually stripped so I would want a big chunk off that list price. I think $75-80 might get it
https://www.dvcstore.com/listing-detail.cfm?ID=AR500-06-0621

If it was a UY that worked for me I'd be all over it, but June is about as bad as it gets.

 

[CaptainAmerica]

If Riviera removes the restrictions, do you think former owners who had to sell for cheap because of the restrictions can legally sue Disney?

No, for all of the reasons @Sandisw said. But also, how would that work even in theory? There's no way of establishing what the resale value would have been had the restrictions not been in place.

 

[JoeDisney247365]

JoeDisney247365---$105-$26997-230-AUL-Sep-0/21, 460/22, 230/23- sent 5/27, passed 6/22

 

[CaptainAmerica]

JoeDisney247365---$105-$26997-230-AUL-Sep-0/21, 460/22, 230/23- sent 5/27, passed 6/22

Loaded Aulani is for Kings. Aloha, neighbor.

 

[GVLSoccerGuy]

GVLSoccerGuy---$157-$36587-220-PVB-Feb-102/21, 162/22, 220/23, 220/24- sent 5/28

GVLSoccerGuy---$157-$36587-220-PVB-Feb-102/21, 162/22, 220/23- sent 5/28, passed 6/22

WOOT! This is our first contract. Now just the waiting game to close and get those points!

 

[Chia1974]

GVLSoccerGuy---$157-$36587-220-PVB-Feb-102/21, 162/22, 220/23- sent 5/28, passed 6/22

WOOT! This is our first contract. Now just the waiting game to close and get those points!

Good deal! Did they bank 21 points?

 

[GVLSoccerGuy]

Good deal! Did they bank 21 points?

They did. Hopefully the rest of the process goes quick enough for us to book a trip in November (already planned out a split stay based on DVC Rental Store Availability tool) and bank the 2022 Points to use in 2023.

 

[wdw4rfam]

Justtopa009---$157-$8841-50-AKV-Dec-25/21, 100/22, 50/23- sent 5/26, passed 6/22

Wow that’s awesome to see an AKL get through. But boy am I glad I just gave up and went PVB because it was almost the same price with a lot less stress. Congratulations

 

[Chia1974]

They did. Hopefully the rest of the process goes quick enough for us to book a trip in November (already planned out a split stay based on DVC Rental Store Availability tool) and bank the 2022 Points to use in 2023.

Hopefully in about a month. Last two weeks of November still have some availability nothing the first two weeks not so much race/Jersey week.

 

[DonMacGregor]

Loaded Aulani is for Kings. Aloha, neighbor.

Ali'i!

 

[pianomanzano]

Yeah but one of the things with RIV that pushed us over the edge with our 200 pt Direct was that I actually would rather have a standard view there. Standard view is Epcot “fireworks“ and Im cool with it overlooking Skyliner as we arent in the room type people.

I wouldn't get too attached to those standard "fireworks" views. I wouldn't be surprised if in a couple years they created some kind of theme park view and made some of those standards that new category or rebalanced rooms (and potentially move some of the preferred in the southeast wing that overlook nothing but CBR and s'il vous play into the standard category). I had a preferred view recently in the west wing of the resort that had views of the skyliner and Epcot/MK fireworks, and was shocked to see that that southeast wing (and the room views on touring plans) were also preferred.

 

[Ginamarie]

I've tried explaining this to brokers when sellers rejected my offers in the $100-115/pt range for contracts in the 200-250pt range that are going direct for mid $160-170s/pt with the current incentives). Granted, some sellers are underwater and can't go below the 140-160/pt that they're listing on the market but they have to know that informed folks won't be buying contracts that high.

We had this issue trying to buy Riviera resale- seller couldn’t afford to go underwater. We wound up buying direct instead.