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

[buzzrelly]

So we really don't need points unless we want to stay in 1bdrms and 2 bdrms. But after I keep telling my husband about the deals some people are getting I just got the go ahead for more points. I'll be looking for a unicorn BCV contract, none out there right now, but the hunt is on.

We weren't really in the immediate market either but with so many good deals around, we decided to add-on now if we found a great deal. Ours wasn't as good as some of the other ones, but just last year I was thrilled to buy BCV at 158/point so 120/point seems awesome to us! If I recall, you and I were doing this around the same time last year when the ROFR monster kept taking all the BCV contracts. This time around we passed in a week for almost $40 LESS per point!

Good luck!

 

[tom1944]

I’m not in the market for new points and so have not been following the exact details of the incentives, but I thought I would provide a thought process of why someone might want to think about having a mix of both if the number of points and incentives align.

I started off guns blazing that direct was for suckers who couldn’t see past the pixie dust, but have since been educated by other members and have acquired more personal experience with both.

I think your strategy of buying resale first and then direct at the “member add on” price is a very smart way to go IF you are going to go hybrid.

I purchased 180 points resale at SSR and my initial thought was a second contract either at SSR, BLT or AKV. I want to get to around 300 points. I will not need the additional points until August 2025 because I booked a 08/2023 trip and can borrow to have enough points for an August 2024 trip.

I am giving some thought to doing direct purchases of 50 points at either Poly (when the new resort is on sale) or Riviera. My thought is if I buy 50 points, I can pay cash and I would buy 50 points once a year over the next 3 years.

I believe I read that I could maximize the purchase of points by timing the purchase close to the end of my use year and they allow you to bank them even if you are past the banking deadline.

I figure people will let me know if what I would like to do is possible.

Here goes-

I buy 50 direct points either May, June or July which are 2022 points. I bank those and then receive 50 more August 2023.

I do the same in 2024 and then again in 2025.

Is that feasible?

 

[MFMont]

speaking of HOF, i think you belong in the AK HOF, i've seen you nab a few AK contracts for a good price recently. Any tips? I'm getting no wiggle room from the contracts i've put offers on.

Thanks Billy. My tips would be to work out your peak value per contract and stick to it. Do the math between stripped, double points and a fully loaded contract so you know what their value is after the banked points so that they are all the same. With the math, you may not want to bother with stripped contracts as owners don't value loaded points like buyers do. Most don't seem to understand that every year of points should be worth $10 or $15 per point more. If you look at the three contracts that I purchased, you would have to offer the owner of a stripped contract something like $70pp to make them equal. I just don't see the owner of a stripped contract ever taking that low of a buy price based on what I have seen. The low $90 contract that I bought had 22' and 23' points and the $108 contract had double 22' and 23' points. From my perspective, they are all around the same value give or take a few dollars. Then bid on anything you see. The other thing is that I am trying to pick up about 850 or so points so my contract point amount is anywhere from 50 to 250 points. That gives me a bunch of targets. I don't know the exact numbers, but I likely bid on 10 contracts for each one that i purchased.

 

[Epcot Forever Forever]

I purchased 180 points resale at SSR and my initial thought was a second contract either at SSR, BLT or AKV. I want to get to around 300 points. I will not need the additional points until August 2025 because I booked a 08/2023 trip and can borrow to have enough points for an August 2024 trip.

I am giving some thought to doing direct purchases of 50 points at either Poly (when the new resort is on sale) or Riviera. My thought is if I buy 50 points, I can pay cash and I would buy 50 points once a year over the next 3 years.

I believe I read that I could maximize the purchase of points by timing the purchase close to the end of my use year and they allow you to bank them even if you are past the banking deadline.

I figure people will let me know if what I would like to do is possible.

Here goes-

I buy 50 direct points either May, June or July which are 2022 points. I bank those and then receive 50 more August 2023.

I do the same in 2024 and then again in 2025.

Is that feasible?

I certainly wouldn’t want to own a bunch of small point contracts scattered across a ton of resorts. It will make it hard to book anything at all before 7 months.

I think you’re smart to not want to finance. But there’s 2 financial downsides to your approach:

1) small contracts like what you want command a price premium of 25-50%, and can be VERY hard to find.
2) you’ll pay closing costs on each and every contract.

Even if the market turns around and prices increase, you’ll almost certainly still be better off saving up and spending it all at once on a larger contract just before you need it.

 

[Jimmy Geppetto]

APs are back peeps!

 

[tom1944]

I certainly wouldn’t want to own a bunch of small point contracts scattered across a ton of resorts. It will make it hard to book anything at all before 7 months.

I think you’re smart to not want to finance. But there’s 2 financial downsides to your approach:

1) small contracts like what you want command a price premium of 25-50%, and can be VERY hard to find.
2) you’ll pay closing costs on each and every contract.

Even if the market turns around and prices increase, you’ll almost certainly still be better off saving up and spending it all at once on a larger contract just before you need it.

It would be 3 50-point contracts all at the same resort.

These would be direct purchases.

 

[TinkB278]

It would be 3 50-point contracts all at the same resort.

These would be direct purchases.

I have one large RIV contract and then added on another 50 points a year later (direct). I just bought AKV resale but am planning on doing your approach and buying 50 more at the new poly and banking/borrowing for a few nights there as a split stay. I like the 50 point approach and I know you miss incentives and pay closing costs, but you can also turn around and make a bit more if you were to sell 50 point contracts.

 

[pianomanzano]

APs are back peeps!

How many listings are going to get pulled now that APs are back?

 

[Bambi19]

Just got that email that direct members can buy annual passes again... so do you guys think Dis will start exercising ROFR again very soon to meet inevitable direct sales demand? Thinking I need to quit lowballing and go up a bit price wise to buy quick!

 

[BigThunderMike]

BigThunderMike---$130-$14458-100-AKV-Oct-100/22, 200/23, 100/24- sent 3/29

 

[HIRyeDVC]

APs are back peeps!

I already have tickets for August. Hope I’ll be able to upgrade them to APs

 

[RuntheMouse]

I already have tickets for August. Hope I’ll be able to upgrade them to APs

I’d call and do it as soon as they open. When they opened a year and a half ago, I called to do it. The wait was long so a CM tried to tell me to just wait and do it at the window in December. I decline, told them I’d wait for my turn on the phone. Glad I did as we all know what happened!

 

[TDK44]

First message on the boards and hoping to be a DVC member soon! Will post my resale purchase here once it clears ROFR and I have confidence in closing (submitted to Disney on Sunday) -- I'm a little nervous and don't want to jinx it!! Just wanted to say that this board and the data dashboard outputs have been incredibly helpful in navigating the process of making offers and negotiating, so THANK YOU!!

I have not found an AKL seller willing to negotiate at all. I've made a few offers over the past few days. All declined w/ no counter. Agent comes back and states seller is firm. I see a few get submit here that are lower than we're offering too. Frustrating . Good luck to you

Would also echo others that it took a while and many different AKV offers to get someone to come down to where I was hoping to pay. A lot of sellers didn't even counter and some brokers told me I was being ridiculous (for what I thought were low, but reasonable offers based on this board's outputs in Q1). A few sellers were finally willing to come down $20+ off of their high list price but not down to my target. Eventually found someone who settled at $4 above the lowest offer I had made throughout the process, so feeling pretty good overall, just keeping fingers crossed to get through the process quickly and unscathed. Will keep y'all updated!

 

[HIRyeDVC]

I’d call and do it as soon as they open. When they opened a year and a half ago, I called to do it. The wait was long so a CM tried to tell me to just wait and do it at the window in December. I decline, told them I’d wait for my turn on the phone. Glad I did as we all know what happened!

I guess I’ll just have to wipe everything off my calendar that day

 

[eMoneyBug]

csusunshine---$95-$16625-175-AUL-Mar-262/23, 175/24, 175/25- sent 3/28, passed 4/5

Did you get seller paid closing and no reimb of 2023 dues? If so this is a GREAT deal for ya.

 

[Paul Stupin]

I know there’s been a lot of discussion about the only advantage to buying direct being the ability to stay at restricted resorts, and that all the other perks are a bit dubious and not worth it. I disagree, but do understand the reasoning. I think the return of APs is for some a game changer, and further argument that depending upon one’s frequency of visits, and length of stay, for some there are significant benefits to at the least owning a hybrid combination of direct and resale points.

 

[HIRyeDVC]

I know there’s been a lot of discussion about the only advantage to buying direct being the ability to stay at restricted resorts, and that all the other perks are a bit dubious and not worth it. I disagree, but do understand the reasoning. I think the return of APs is for some a game changer, and further argument that depending upon one’s frequency of visits, and length of stay, for some there are significant benefits to at the least owning a hybrid combination of direct and resale points.

 

[MsChristy12]

Ariel620---$80-$15660-170-BWV-Mar-0/22, 170/23, 170/24- sent 3/14, passed 3/23

Closed 4/4

If anyone has anymore questions, I'm happy to help. We are so excited to stay at Boardwalk soon! We already own at AKL and BLT, so excited to have this new location (this is our largest contract).

Thanks for sharing your experience!

Haha. Yep, exactly. And thank you. Multiple people on facebook pretty much called me a liar on one of the fan pages, but I still can't stop talking about it! I don't know what else they want to know, but I am just over the moon about this contract. We love Disney and DVC and will enjoy these new points at Boardwalk!

I don't understand...I mean unless you really got nothing else better to do but to make up the entire thing. People are just jealous, but hey guess what you're the one who scored the deal and going to enjoy them!

1000 Aulani points for $63pp!?!?? What ????
Dvc fan page…

The MFs alone...ooff....Even if you rent them out...so much work....

elenex---$105-$3493-25-BWV-Aug-0/22, 25/23, 25/24- sent 4/4

My unicorn contract miraculously appeared in the midst of a buyer's market. I hate buying 2042 points, but we love the boardwalk. We only go to WDW every 3 years or so now, but I realized a little too late that we were a tad short with the points on our first BWV contract. This puts us right in the sweet spot for the next 18 years. Yay!

Good deal!! Congrats!!

Jimmy Geppetto---$68-$17556-250-SSR-Feb-0/22, 500/23, 250/24- sent 4/5

Obviously I also have been putting offers on all the wrong listings!!! Congrats!!! Hope multiple were popped for celebration!
Can you use your Sorcery and pick out contracts for all of us to put offers on??! LOL!

 

[MsChristy12]

I have a UY question...I understand all the basics and the rules. But this one example I read on a site confused me a little...Would someone be so kind and explain how would the the points be in the account on 10/1 if the Oct vacation is cancelled? The first part about the Dec UY all makes sense to me, it's the Oct UY that I'm

"For example, if you usually book a Food and Wine vacation in October, you don't want a Use Year of December. The banking deadline for a December Use Year is July 31, and the points have to be used by November 30. If you have to cancel in September, you can't bank the points to the next year as you pass the banking deadline. The points will have to be used based on availability before November 30 or be lost.
On the other hand, if your contract had an October Use Year, the points would be in your account on October 1. If you had to cancel your October vacation, then you have plenty of time to rebook before the eight-month banking deadline or the end of your Use Year."

 

[rspencer38]

I have a UY question...I understand all the basics and the rules. But this one example I read on a site confused me a little...Would someone be so kind and explain how would the the points be in the account on 10/1 if the Oct vacation is cancelled? The first part about the Dec UY all makes sense to me, it's the Oct UY that I'm

"For example, if you usually book a Food and Wine vacation in October, you don't want a Use Year of December. The banking deadline for a December Use Year is July 31, and the points have to be used by November 30. If you have to cancel in September, you can't bank the points to the next year as you pass the banking deadline. The points will have to be used based on availability before November 30 or be lost.
On the other hand, if your contract had an October Use Year, the points would be in your account on October 1. If you had to cancel your October vacation, then you have plenty of time to rebook before the eight-month banking deadline or the end of your Use Year."

If you typically go in October and your UY is Oct - if you need to cancel your reservation, you will still have at least a full year to use the points. If you cancelled outside of the 30 days, those points could be banked if not used within the UY.

For example. If you are going in Oct 2023 and you've already booked using your 2023 Oct UY points, you have up to 30 days prior to cancel and still retain all the advantages of a full UY plus retain the ability to bank if necessary.

On the other hand, if you were using Dec UY you would need to use the 2022 points to book for Oct 2023. If you cancel after July 31st, you basically have next to no options to use the remaining points from your cancellation. The remaining points would need to be used by the end of Nov 2023.

Remember that you can book that Oct 2023 using your Oct UY points 11 months prior. Even though your booking in 2022, you are actually using your Oct 2023 UY points which are valid as of Oct 1st 2023. This assumes you haven't borrowed those points into 2022 etc...