ROFR Thread April to June 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[atthebeachclub]

Enthusiastic agreement with this. It used to be common wisdom even 8 months ago that loaded contracts were undervalued because most resale contracts were purchased by people who only considered per point price, but (at least where I’m looking) great loaded deals like this are few and far between, especially on a very in demand resort with long expiration and favorable point chart.

I don’t think Magical Beginnings is forced sacrificing so much as a wild misnomer. Miserly Beginnings just doesn’t have the same ring to it. Marshmallow Test Beginnings? Whatever it’s called, I think it’s a good option for those of us who already have trips planned (whether offered by DVD or as a DIY), although it’s probably helped Disney get away with more price increases for their direct points.

Miserly Beginnings legit made me laugh. I love it.

 

[Ronferr80]

While I wait on my BWV contract at ROFR, I did a thing

Ronferr80---$162-$6082-30-BLT-Apr-0/23, 30/24, 30/25- sent 5/28

 

[byurick]

While I wait on my BWV contract at ROFR, I did a thing

Ronferr80---$162-$6082-30-BLT-Apr-0/23, 30/24, 30/25- sent 5/28

Seriously considering a small BLT myself (haha), need to be patient and wait for my BCV to come full circle first (waiting on DVC to send me my account information first)

 

[atthebeachclub]

Seriously considering a small BLT myself (haha), need to be patient and wait for my BCV to come full circle first (waiting on DVC to send me my account information first)

You might be following my plan!BCV/BLT!! To be fair I hadn’t planned on adding BLT after buying BCV, but then we had to have a two bedroom option unexpectedly because grandma (my mom) didn’t want to miss out on the fun she said. lol.

 

[byurick]

You might be following my plan!BCV/BLT!! To be fair I hadn’t planned on adding BLT after buying BCV, but then we had to have a two bedroom option unexpectedly because grandma (my mom) didn’t want to miss out on the fun she said. lol.It

It's been a dream of mine to stay at the Contemporary since I was a little kid and owning just a piece of it with a small contract would make me feel like I finally made it happen. Funny about your mom, mine (kids call her Nene) would absolutely flip if we brought her along and stayed there. Great minds think alike I guess right?

 

[DonMacGregor]

As much as I hate to do it, I may just have to buy more RIV direct. I've been looking for months, and finding a resale contract in my UY with fewer than 200 points is like finding hen's teeth. Currently there are 7 contracts on the market, none with fewer than 200 points, and only one of those has been listed for less than 4 months.

 

[Massachusetts]

As much as I hate to do it, I may just have to buy more RIV direct. I've been looking for months, and finding a resale contract in my UY with fewer than 200 points is like finding hen's teeth. Currently there are 7 contracts on the market, none with fewer than 200 points, and only one of those has been listed for less than 4 months.

If you already in the market for RIV resale (if it works for you) and the market time is long why not make some wishful thinking offers?

 

[VGCgroupie]

If you already in the market for RIV resale (if it works for you) and the market time is long why not make some wishful thinking offers?

Wishful thinking offers are my favorite kind of offers.

 

[CWTC]

CWTC---$110-$48310-400-BLT-Feb-0/23, 400/24, 400/25, 400/26- sent 6/3

And now the wait begins.

 

[CastAStone]

CWTC---$110-$48310-400-BLT-Feb-0/23, 400/24, 400/25, 400/26- sent 6/3

And now the wait begins.

I see a contract like that and wonder how many precious 2023 points expired without being banked.

Nice get!

 

[The_MT]

This is not the support group you are looking for.

We are extremely supportive! If anyone asks if they should buy more points we always tell them it's a great idea!

 

[CWTC]

I see a contract like that and wonder how many precious 2023 points expired without being banked.

Nice get!

Thanks! Even if there were 2023 banked points, we would have a hard time finding a use for them. We were expecting a counter offer but they took our offer without countering. I’m a bit afraid of the ROFR monster but we rolled the dice. It’s just the perfect contract for us though!!!

 

[Blerghityblergh]

CWTC---$110-$48310-400-BLT-Feb-0/23, 400/24, 400/25, 400/26- sent 6/3

And now the wait begins.

Wowza! Solid deal!

 

[DonMacGregor]

If you already in the market for RIV resale (if it works for you) and the market time is long why not make some wishful thinking offers?

I already own just under 1,000 points, so the points I'm looking for are specific to RIV, both in UY and size of contract. I also already own RIV direct, so I'm specifically looking for a contract that is sub-100 points, just to cover point variations across seasons for a specific room type (2BR). That's why resale would be a better option for me over adding more direct points (I don't need to be able to use them anywhere else, I just want them to augment my direct points at RIV to cover those seasonal point variations). I also don't want to buy double the number I need, no matter how good of a deal it might be (and I definitely don't want to be saddled with too many resale points there). When every contract listed is in excess of double what I "need", unless they want to accept a "wishful thinking" offer of 50% off the list, then it doesn't serve my purposes (and it would still leave me with more restricted points than I would ever want to have). I'd be OK with a handful of restricted points IF I could get them at +/- $100 PP less than direct.

So, at the end of the day, just adding on 50 more direct points at RIV may end up being the more practical option.

 

[Jimmy Geppetto]

BrianLo---$140-$14671-100-CCV@WL-Dec-200/23, 100/24, 100/25-seller pays MF '24- sent 6/3


Hello my name is Brian and I am ready to start recovering from addonitis.

Please do not let me back in this thread again: (unless I get a small RIV normalized for 100, Poly normalized for 120 or VGC normalized for 170’s).

Nobody likes a quitter.

 

[HyperspaceMountainPilot]

Thanks! Even if there were 2023 banked points, we would have a hard time finding a use for them. We were expecting a counter offer but they took our offer without countering. I’m a bit afraid of the ROFR monster but we rolled the dice. It’s just the perfect contract for us though!!!

Have you considered banking some/all of the 2024 points? Don’t have a winter UY so I have no close we are to the banking deadline…but I was wondering if not being able to use the points for 18m might make it less attractive for ROFR? Thought it’s Disney so I guess they could always unbank.

 

[CWTC]

Have you considered banking some/all of the 2024 points? Don’t have a winter UY so I have no close we are to the banking deadline…but I was wondering if not being able to use the points for 18m might make it less attractive for ROFR? Thought it’s Disney so I guess they could always unbank.

We asked the agent and she said only if it looks like we won’t close by September 30th will the sellers bank the points.

 

[Galactic Reversal]

Talk to me about normalized price. I thought I got a bangin deal on my VGC but when it was added to the rofr site I was at #10 and my normalized seem high. I really thought I would be higher up in ranking. I was 232 for 153 pts seller pays MF for 24. 153/24 and on. My CCV Im in the #4 spot. Is normalized about extra points and not about seller paying any fees?

Amazingly, I haven't changed the normalized price calculation since this post explaining it:
https://www.disboards.com/threads/r...uctions-formatting-tool.3914894/post-64837394

It's not perfect, but I tried to consider all of the relevant information without going overboard on assumptions.

@CastAStone will be happy to know it's firmly rooted in financial mathematics.

Just a few notes about the normalization that might not be immediately obvious, but can cause confusion. With the current methodology, larger contracts will rise to the top of the best deals list. I'm coming at it from a financial perspective and assuming the contract will be held to expiration, so there's no adjustment for the market premium on smaller contracts. Also, the top 10 list is generally going to be made up of loaded contracts as points listed for the prior year in the data string are assumed to be immediately available upon closing (@CastAStone already explained the impact of discounting so I won't repeat it here). That is one arguable shortcoming since nobody is using their points the day they're loaded. There are so many assumptions to be made that could tilt the scales, but most importantly (IMO) the basis for the normalization is the idea that all contracts have a financial value based on discounted "cash flows".

I know I need to do a better job explaining all the calculations on the site and it's on the list. I'll keep updating it and making improvements as best I can. Meanwhile, if you have any questions or ideas the mods would probably prefer it if you post them here:
https://www.disboards.com/threads/dvcrofr-com.3924179/

Thanks for all your support!

 

[VGCgroupie]

Thanks for your site. It’s amazingly helpful and I’m on it every day.

 

[CastAStone]

Amazingly, I haven't changed the normalized price calculation since this post explaining it:
https://www.disboards.com/threads/r...uctions-formatting-tool.3914894/post-64837394

It's not perfect, but I tried to consider all of the relevant information without going overboard on assumptions.

@CastAStone will be happy to know it's firmly rooted in financial mathematics.

Just a few notes about the normalization that might not be immediately obvious, but can cause confusion. With the current methodology, larger contracts will rise to the top of the best deals list. I'm coming at it from a financial perspective and assuming the contract will be held to expiration, so there's no adjustment for the market premium on smaller contracts. Also, the top 10 list is generally going to be made up of loaded contracts as points listed for the prior year in the data string are assumed to be immediately available upon closing (@CastAStone already explained the impact of discounting so I won't repeat it here). That is one arguable shortcoming since nobody is using their points the day they're loaded. There are so many assumptions to be made that could tilt the scales, but most importantly (IMO) the basis for the normalization is the idea that all contracts have a financial value based on discounted "cash flows".

I know I need to do a better job explaining all the calculations on the site and it's on the list. I'll keep updating it and making improvements as best I can. Meanwhile, if you have any questions or ideas the mods would probably prefer it if you post them here:
https://www.disboards.com/threads/dvcrofr-com.3924179/

Thanks for all your support!

Thanks for sharing! I was on “vacation” when you posted this so I’m not sure I ever saw it.