wow that is great. We found an AKL we liked in terms of points (190) and use year (Mar) which both seemed less common than 160s/200s in other months so we ended up at 115. They barely budged on price. Nice work on that one!
It's interesting though because I really think the lack of ROFR is what is leading to some (not all) of the deals.
I don’t think brokers would ever advise sellers to hold off. Even if selling low is not in their best interest, selling something is better than selling nothing. Their livelihood depends on contracts moving. I think this specific broker‘s frustration really reflected not people lowballing. But the lack of movement of the contracts because both buyers and sellers are way off on perceived value and the contracts are just sitting. It’s a bit ironic that a company that touts about educating its customers now need uneducated buyers to buy its product and not from the educated ones on this board. How long until they shut this forum down?
I wouldn’t assume that when not if ROFR returns the rate will be either heavy or light. And it appears as if there are many sellers who are sticking to a higher pricing floor who are in no rush to sell. All I’m saying is that it’s a great market for resale buyers, but it’s not going to last forever, and logic to justify it continuing indefinitely is never reliable.
I am still waiting sent 3/25
Nothing lasts forever but we can also assume that DVC might not keep rising in value forever too. I know that history says different but someone also said that past performance doesn’t dictate future performance. I too believe the market will change with the economic tide. But we might be in a low tide for awhile and it’ll be interesting to see how long sellers can hold out.
I just watched that show. I' m thinking I might fancy a bit of educating by my new favourite broker.
Let’s talk about why they ROFR in the first place—to turn a profit by re-selling those points direct. But direct sales have been abysmal the last couple of months. Over the past year they bought back almost 200k SSR points (and ROFRing as high as $140pp in the process) but only sold 40k of those points in that same time period. That’s just one resort. Multiply that across all resorts and you can see why they completely stopped ROFRing. They just bought too many points back at too high of a price.
I just don't understand brokers that take low offers personally.ineedavacation33---$120-$21053-160-BLT-Mar-0/22, 240/23, 160/24, 160/25- sent 4/7
A special shout out to the broker at a different company who didn't submit my offer to their clients, then passive aggressively shamed me for my similar offer on a comparable contract by saying that if the price was that low, "he'd buy the contract himself."
Me either but they are the ones who have to talk to their insulted/annoyed clients.
I don’t think Disney cares enough about the resale market to try to manipulate it. ROFR is just one tool they use to make a profit by buying low and selling high. The problem right now is that they can’t seem to sell their direct inventory so they don’t need to buy any back through ROFR.
A new one would become very popular, very quickly.
They’re also the ones getting paid their commision instead of being frustrated.
I truly think their frustration is more with some of their unrealistic sellers rather than savvy buyers, that frustration is just being misdirected. At least that's what one of the brokers I've been working with has voiced to me.A new one would become very popular, very quickly.
They’re also the ones getting paid their commision instead of being frustrated.
The only thing about this is that for at least 2 properties at WDW (Riviera and VGF) they are in direct competition with resale points, to a degree, and if the delta between resale and direct on those properties is enough, then why would anyone buy direct from DVC?
