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

[Chili327]

That looks like the same contract I bid $137 on in February and the broker felt I needed to be more realistic.

Apparently $125 was more realistic. lol

 

[HIRyeDVC]

(I'm the author of that post.)

Ha! When we bought into DVC back during the Great Recession, I used a thread exactly like this (can't recall whether it was here or on ***********) and it was a HUGE help in watching price trends play out in real-time as the market slowly-but-surely found a bottom. Just trying to pay it forward! Kudos on the good work being done here.

Love your articles Tom! Even if they’re like 900 pages . But really though, I appreciate your thorough analysis.

 

[Jenglish13]

Question re: expiration...I recall reading that the expirations are effective in January. I assume this is why they're is no January use year. Does this mean that your last allotment of points is actually the prior year to expiration? For example, if I were to buy BCV would the last tranche of points come in 2041?

 

[Sandisw]

Question re: expiration...I recall reading that the expirations are effective in January. I assume this is why they're is no January use year. Does this mean that your last allotment of points is actually the prior year to expiration? For example, if I were to buy BCV would the last tranche of points come in 2041?

Correct.

 

[graychef]

Question re: expiration...I recall reading that the expirations are effective in January. I assume this is why there is no January use year. Does this mean that your last allotment of points is actually the prior year to expiration? For example, if I were to buy BCV would the last tranche of points come in 2041?

Another question-
Let’s say you have a December UY. The last allotment comes on December 1, 2041. You would have until November 30, 2042 to spend the points. Is banking allowed that final year, meaning you would have until November 30, 2043 to use the points?

 

[pianomanzano]

Another question-
Let’s say you have a December UY. The last allotment comes on December 1, 2041. You would have until November 30, 2042 to spend the points. Is banking allowed that final year, meaning you would have until November 30, 2043 to use the points?

The contracts expire January 31, 2042. No one knows yet what that entirely means when it comes to using points. People have speculated that they may curb banking/borrowing the last year or so, but officially DVC hasn’t said anything about what will happen with the last allotment of points and when/how you can use them given the expiration date.

 

[HIRyeDVC]

Another question-
Let’s say you have a December UY. The last allotment comes on December 1, 2041. You would have until November 30, 2042 to spend the points. Is banking allowed that final year, meaning you would have until November 30, 2043 to use the points?

The contracts expire January 31, 2042. No one knows yet what that entirely means when it comes to using points. People have speculated that they may curb banking/borrowing the last year or so, but officially DVC hasn’t said anything about what will happen with the last allotment of points and when/how you can use them given the expiration date.

Yeah, Dec UY people would be screwed. They only get 2 months to use their points. December 2041 availability will probably be zero to none! But it’s still too far away for anyone to worry about. Even for Disney.

 

[Sandisw]

Another question-
Let’s say you have a December UY. The last allotment comes on December 1, 2041. You would have until November 30, 2042 to spend the points. Is banking allowed that final year, meaning you would have until November 30, 2043 to use the points?

The resort ends in January 2042 so unless DVD decides to do something for owners, those points will have a 2 month life of use unless borrowed…which may end up being limited.

There are a lot of options DVD can do if they want to help owners those last few years….suspend banking/borrowing…change the right to trade in/out from non owners to a much shorter window…ie: no trades until 2 months out…allow owners with later UYs to have some access to DVDs own points to use during 2042…like they did for Covid….and I am sure other options.

Worst case, they could just do nothing, let it the resort expire as is snd let the chips fall where they do.

 

[tom1944]

Apparently $125 was more realistic. lol

I put out 6 offers

All of them had double points and were either 150/300 or 160/320.

There were recent sales at 130 and 135 but since I wanted BLT and hoped to use it for an August trip I bid 137.

I was ignored on 5 offers and scolded on 1. I moved on to SSR and used those points to book an August trip to BLT.

 

[lilsonicfan]

Scolded

 

[Epcot Forever Forever]

Yeah, Dec UY people would be screwed. They only get 2 months to use their points. December 2041 availability will probably be zero to none! But it’s still too far away for anyone to worry about. Even for Disney.

it’s only a problem if they allow banking past ~2039. We’ll see what happens but I imagine OKW, SSR, cabins and bungalows will be a lot more booked up in 2039-2041 than usual as people burn off points.

 

[JenniLuvsDisneyWorld]

Quick question, our agent said our contract was sent to RoFr on March 27. However, we didn’t get charged our deposit by the title company (Mason) until April 6. Is this normal? Or is it possible our contract wasn’t sent when they claim it was? Thanks for any insights.

 

[Paul Stupin]

Agree with everything. Though, the Poly tower is a low hanging fruit for Disney. I’ll fully believe DVC being bullish if they really invest in another truly unique resort, which they don’t seem interested in. Just refurbs of existing hotels and plain towers.

Also, should a new park be included in the 17 billion dollars Disney plans on investing over the next 10 years, and I think it probably will, there will no doubt be additional resort and DVC components. Over the long term, I think that’s a big negative for current resale owners and a net positive for buying direct. It’s one thing not to be able to book at Rivera, Poly2 (possibly) and VDH (probably), but quite another to be shut out of such a major new component to WDW, which could very well have ultra, next gen bells and whistles, including a new shopping district and direct resort access to the new park.

Thats why I think it’s a good idea to have a mix of direct and resale. The direct insures you can participate in everything new and wonderful coming to WDW, which Iger basically confirmed, while the resale gives us all the ability to lock in great savings, but I think you have to buy where you want to stay. With a great deal of new construction on the horizon, and every new resort coming down the line potentially restricted, booking a 7 month window for existing resorts will get more and more difficult. So, in my opinion, the value of resale contracts used for SAP points, no matter how enticing the current price, could continue to erode for a very, very long time, and make selling them difficult.

 

[buffalobasingal]

Would there be a chance that 2042 contract owners would be offered an extension near the end of their contracts? Because when those contracts are up will the 2042 resorts go back to direct sales by DVC or will they stop being DVC resorts altogether and only have cash stays?

 

[Paul Stupin]

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.

Agreed. I know there remains alot of debate about this, but I think most buyers are looking for longer term savings, which the 2042 resorts cannot deliver.

 

[Paul Stupin]

Would there be a chance that 2042 contract owners would be offered an extension near the end of their contracts? Because when those contracts are up will the 2042 resorts go back to direct sales by DVC or will they stop being DVC resorts altogether and only have cash stays?

They’ll get remodeled and go back to direct sales.

 

[Becky19]

Becky19---$100-$16757-150-SSR-Jun-0/22, 286/23, 150/24- sent 4/8

Not as good a deal as some have managed to get but we're pretty happy! Planning to rent out the 136 banked points, so if we take that into account were closer to $85 per point

 

[AstroBlasters]

They’ll get remodeled and go back to direct sales.

Likely with a new point chart!

 

[Sandisw]

Would there be a chance that 2042 contract owners would be offered an extension near the end of their contracts? Because when those contracts are up will the 2042 resorts go back to direct sales by DVC or will they stop being DVC resorts altogether and only have cash stays?

Extension..no…because that would require DVD to keep the point charts,,and those were tied to deluxe resort cash prices at the time they were built,,,it’s why those charts are as low as they are be when built in the 1990s, cash prices were less than they are today…and helps explain why RIV is higher, for example.

But, they could decide to make them back into new DVC resorts, which is what I see as likely..but I can see them taking BWV and making that all DVC, and turn BCV over to the hotels division for call cash stays. But, pure speculation.

 

[tom1944]

Becky19---$100-$16757-150-SSR-Jun-0/22, 286/23, 150/24- sent 4/8

Not as good a deal as some have managed to get but we're pretty happy! Planning to rent out the 136 banked points, so if we take that into account were closer to $85 per point

This is still below the price on many SSR sales I see recorded on the Orange County site

I see more over $100 than under

In order to be up to date I just ran the April entries. There were 30 that I felt would show a trend. I skipped direct sales, foreclosures and small contracts.

That left 30 which I feel is an adequate representation. There were 11 under $100. That range was $90 to $98

There were 2 at $100.

There were 17 over $100 and that range was $105 up to $142.