ROFR Thread April to June 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[HIRyeDVC]

If you look closely he didn’t choose copper creek from the drop-down, it was in animal kingdom Lodge.

Did he really? Then he must have been really shocked!

 

[buffalobasingal]

Appreciate all of the perspective and feedback on the current market from everyone. I recently sold a contract at VGC and I am now in the market for a BCV contract and possibly an AKL as well. So, I found myself on both sides of the fence of hoping the market was up for selling and yet soft for buying. I had to face reality that I wasn't going to get top market rates from last year of $300 per point, but I was fortunate that I was able to get more than what I bought my contract for in 2020.

I've been watching to see what people are paying for BCV and have put out some offers, but so far have not found the right fit for the right price. There is a great DVC search engine out there that shows listings form 13 different resales sites. It has great filters for resorts, points, price per point and shows how many days the listing has been active.

Also, I found a loaded contract that has the right amount of points for a trip next year and a perfect use year, but the seller rejected my initial offer without a counter. I'm tempted to try a higher offer, but also hesitate since a lot of these podcasts say that 2042 contracts will go down in value as they get closer to their expiration date. That seems to be one thing that makes me wonder if the 2042 contracts will continue to see a decline in value even when the economy improves and ROFR shows back up. Any opinions on that?

 

[TinkB278]

100%. The people that watch those types of shows are your potential customer base - not a smart idea to essentially insult and condescend to the very people you need. I know if I were to ever see her name on any property I was interested in, I would skip right over it.

I already don’t pay attention to the sponsors listings because they are so high, but this video turned me off from ever considering them in the future. The tone made me feel like we are little children she felt the need to scold. Also agree with others about how the instant sale was not described in detail regarding closing costs, etc. only that no one will take an offer for 1$ more than the instant sale price so don’t even try.

 

[hglenn]

I already don’t pay attention to the sponsors listings because they are so high, but this video turned me off from ever considering them in the future. The tone made me feel like we are little children she felt the need to scold. Also agree with others about how the instant sale was not described in detail regarding closing costs, etc. only that no one will take an offer for 1$ more than the instant sale price so don’t even try.

Totally agree. I had to go watch just to see what the buzz was about and I felt the same way.

 

[erinchristine318]

Appreciate all of the perspective and feedback on the current market from everyone. I recently sold a contract at VGC and I am now in the market for a BCV contract and possibly an AKL as well. So, I found myself on both sides of the fence of hoping the market was up for selling and yet soft for buying. I had to face reality that I wasn't going to get top market rates from last year of $300 per point, but I was fortunate that I was able to get more than what I bought my contract for in 2020.

I've been watching to see what people are paying for BCV and have put out some offers, but so far have not found the right fit for the right price. There is a great DVC search engine if anyone is interested that shows listings form 13 different resales sites. It has great filters for resorts, points, price per point and shows how many days the listing has been active. Has anyone else found dvc "dot" market to be of help with keeping an eye on what listings are out there?

Also, I found a loaded contract that has the right amount of points for a trip next year and a perfect use year, but the seller rejected my initial offer without a counter. I'm tempted to try a higher offer, but also hesitate since a lot of these podcasts say that 2042 contracts will go down in value as they get closer to their expiration date. That seems to be one thing that makes me wonder if those contracts will continue to see a decline in value even when the economy improves and ROFR shows back up. Any opinions on that?

So we're in a similar position. Boardwalk has always been my second favorite resort (Poly owner x2) but we're a young(ish) family and just couldn't justify the cost per point on such a short contract. With prices dropping, we decided that if we found one at a certain price point, we would go for it. We've found contracts we like, but haven't been successful in negotiating them down to a price point we're comfortable at, so we've switched our focus to AKL.

 

[AstroBlasters]

Appreciate all of the perspective and feedback on the current market from everyone. I recently sold a contract at VGC and I am now in the market for a BCV contract and possibly an AKL as well. So, I found myself on both sides of the fence of hoping the market was up for selling and yet soft for buying. I had to face reality that I wasn't going to get top market rates from last year of $300 per point, but I was fortunate that I was able to get more than what I bought my contract for in 2020.

I've been watching to see what people are paying for BCV and have put out some offers, but so far have not found the right fit for the right price. There is a great DVC search engine if anyone is interested that shows listings form 13 different resales sites. It has great filters for resorts, points, price per point and shows how many days the listing has been active. Has anyone else found dvc "dot" market to be of help with keeping an eye on what listings are out there?

Also, I found a loaded contract that has the right amount of points for a trip next year and a perfect use year, but the seller rejected my initial offer without a counter. I'm tempted to try a higher offer, but also hesitate since a lot of these podcasts say that 2042 contracts will go down in value as they get closer to their expiration date. That seems to be one thing that makes me wonder if the 2042 contracts will continue to see a decline in value even when the economy improves and ROFR shows back up. Any opinions on that?

It depends on your holding period.

 

[HIRyeDVC]

Appreciate all of the perspective and feedback on the current market from everyone. I recently sold a contract at VGC and I am now in the market for a BCV contract and possibly an AKL as well. So, I found myself on both sides of the fence of hoping the market was up for selling and yet soft for buying. I had to face reality that I wasn't going to get top market rates from last year of $300 per point, but I was fortunate that I was able to get more than what I bought my contract for in 2020.

I've been watching to see what people are paying for BCV and have put out some offers, but so far have not found the right fit for the right price. There is a great DVC search engine if anyone is interested that shows listings form 13 different resales sites. It has great filters for resorts, points, price per point and shows how many days the listing has been active. Has anyone else found dvc "dot" market to be of help with keeping an eye on what listings are out there?

Also, I found a loaded contract that has the right amount of points for a trip next year and a perfect use year, but the seller rejected my initial offer without a counter. I'm tempted to try a higher offer, but also hesitate since a lot of these podcasts say that 2042 contracts will go down in value as they get closer to their expiration date. That seems to be one thing that makes me wonder if the 2042 contracts will continue to see a decline in value even when the economy improves and ROFR shows back up. Any opinions on that?

I think it’s inevitable that 2042 resorts will decline to zero. Thanks for the search engine reference but you might get a warning for that. Just a heads up.

 

[HIRyeDVC]

I already don’t pay attention to the sponsors listings because they are so high, but this video turned me off from ever considering them in the future. The tone made me feel like we are little children she felt the need to scold. Also agree with others about how the instant sale was not described in detail regarding closing costs, etc. only that no one will take an offer for 1$ more than the instant sale price so don’t even try.

Totally agree. I had to go watch just to see what the buzz was about and I felt the same way.

The pitch forks are out! It’s the rise of the resistance (aka educated ROFR board buyers)!

 

[HIRyeDVC]

I read somewhere that they have plans for a new resort right next to the EPCOT entrance…. That would sell for $$$… so who knows what will happen…

It‘ll be called,…..wait for it…..the Epcot Tower. Ooooh Ahhhh!

 

[buffalobasingal]

I think it’s inevitable that 2042 resorts will decline to zero. Thanks for the search engine reference but you might get a warning for that. Just a heads up.

Thanks for the heads up on the warning. I edited my post and removed the search engine name. Hopefully that saves me from getting in trouble .

 

[HIRyeDVC]

Thanks for the heads up on the warning. I edited my post and removed the search engine name. Hopefully that saves me from getting in trouble .

No worries! I’ve been scolded a few times but were honest mistakes. Next time just type in the site link and let the filter do its job. If it goes through, you’re good!

btw, it must have been painful to see your VGC go. Sorry for your loss

 

[erinchristine318]

I actually had a fantastic experience with a broker from the board sponsor when I purchased my first contract several months ago. He is be far the most responsive, knowledgeable broker I’ve spoken with I would love to work with him again on our current purchase, I just feel that I’m too far apart from anything they currently have listed and have started looking elsewhere. I still keep an eye on their listings and the thing is, they do eventually sell. Not that I’m planning on selling anytime soon, but if we ever do, I know who I’ll be going with lol. As a buyer though, I’ve definitely started seeking out my other options.

 

[arich35]

I wonder if the AP coming back if Disney will start buying back again.

 

[Royal Consort]

Agreed. The lady in that video seemed super annoyed at the end when she was talking about low offers. Like...why does that hurt her? I don't get it. Just say the offer was declined and move on with your life. Geez.

Like when posters in this thread gets super annoyed that low offers aren't accepted?

 

[Royal Consort]

I already don’t pay attention to the sponsors listings because they are so high, but this video turned me off from ever considering them in the future. The tone made me feel like we are little children she felt the need to scold. Also agree with others about how the instant sale was not described in detail regarding closing costs, etc. only that no one will take an offer for 1$ more than the instant sale price so don’t even try.

You can choose to interpret it that way. I thought she was assertive. ROFR thread is negatively skewed on the standard distribution. We can see this when we look at the average prices posted. The broker is within their right to express that they will not consider offers they know are below market value. The reason deals are celebrated on this thread is because they're below market value.

 

[Sandisw]

Let’s get this thread back on topic. If people want to continue to discuss that podcast, then please start a new thread. No more posts here regsrding it!!

 

[HIRyeDVC]

Let’s get this thread back on topic. If people want to continue to discuss that podcast, then please start a new thread. No more posts here regsrding it!!

Come on mom! The topic is somewhat related no!?

 

[lovethesun12]

I actually had a fantastic experience with a broker from the board sponsor when I purchased my first contract several months ago. He is be far the most responsive, knowledgeable broker I’ve spoken with I would love to work with him again on our current purchase, I just feel that I’m too far apart from anything they currently have listed and have started looking elsewhere. I still keep an eye on their listings and the thing is, they do eventually sell. Not that I’m planning on selling anytime soon, but if we ever do, I know who I’ll be going with lol. As a buyer though, I’ve definitely started seeking out my other options.

While we always have to be careful and read everything through, I find the board sponsor is by far the best broker I've encountered. They're really on top of things and it just seems like they are just as careful as I am making sure everything is correct. I've had different experiences with other brokers.

 

[Sandisw]

Come on mom! The topic is somewhat related no!?

It’s a great topic but it would help our wonderful fellow member who has to go through this thread and find all the deals and then post them if we stay a bit more to being the ROFR stats and have this in its own thread!!!

 

[HIRyeDVC]

It’s a great topic but it would help our wonderful fellow member who has to go through this thread and find all the deals and then post them if we stay a bit more to being the ROFR stats and have this in its own thread!!!

If a member can’t navigate through this thread and find the deals, they’re not worthy! Besides, creating a separate thread would just drag Jodi and Chad through the mud even more. And I don’t want them to go through that. I still like them. But fine. We’ll be good boys and girls.