ROFR Thread Jan to March 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[hglenn]

Omg two weeks in and the wait is excruciating....how do you guys do it OVER and OVER again!?!??

I’m only one week in abs saying the same thing!! I don’t know if I can be so patient again if it gets taken.

 

[sjdrr1313]

OMG! I told my husband the exact same thing. I listed one for rent only ONCE and no one had rented it within a couple of weeks, so I cancelled the rental and already booked the points for us in October!!!!

I think that... like oh we'll just rent if we can't go... well I had points in my account by Jan 4th. It came with 23 points that were expiring at the end of February. Don't you know I jumped on the site, booked a studio at the Poly for a Saturday night in February and thought "well we could rent this out for a couple hundred dollars...Or I could book us flights and we'll fly down for the weekend. Oh and we might as well go to universal too since we have APs" So what could have earned me a couple hundred dollars ended up costing me 2 plane tickets, 1 day disney tickets, and a night at the Royal pacific at universal I know I'm never gonna want to rent when I can go on a trip lol

 

[MinnieSueB]

And the waiting doesn't stop if you pass ROFR! i'm 10 days since we passed and waiting AGAIN for documents to be returned. what a process!

I feel you but I bought my first resale April '20 during the shutdown - took 4 months to get thru the process but got a SSR @ $90/pt so it was worth it. Never gets easier!

 

[Chia1974]

I think that... like oh we'll just rent if we can't go... well I had points in my account by Jan 4th. It came with 23 points that were expiring at the end of February. Don't you know I jumped on the site, booked a studio at the Poly for a Saturday night in February and thought "well we could rent this out for a couple hundred dollars...Or I could book us flights and we'll fly down for the weekend. Oh and we might as well go to universal too since we have APs" So what could have earned me a couple hundred dollars ended up costing me 2 plane tickets, 1 day disney tickets, and a night at the Royal pacific at universal I know I'm never gonna want to rent when I can go on a trip lol

I like Disney and I like cash no problem renting. You just need to buy more points than you actually use.

 

[mkramer1121]

At least you got your documents...We passed the same day, same title company, and I'm still waiting for my closing docs...Curious if the delay is the international seller...Initial email from Magic Vacation Title did say up to 21 business days...

Well, found out what happened. Our closer left ***, and our contract slipped through the cracks...Should have closing docs on Monday.

 

[DKZB]

Which escrow officer will you be using?

I believe Cammy has the file or at least she did the intake and submitted the contract to ROFR for us. I have worked with Marcelo also in the past and he is also great.

 

[JoeDisney247365]

You just need to buy more points than you actually use.

Is this even possible

 

[keirabella2012]

I believe Cammy has the file or at least she did the intake and submitted the contract to ROFR for us. I have worked with Marcelo also in the past and he is also great.

Thank you. Yes, I've worked with both as well. Cammy just closed my international contract SSR resale. Marcelo was great, too.

 

[hobbes42]

Is this even possible

It is not. Trust me.

 

[sjdrr1313]

Is this even possible

Exactly! Lol

 

[Paul Stupin]

Counter-points:

1. The list of "new builds" in the pipeline is basically bupkis.

2. If you're doing this with legacy in mind (Legacy? What is a legacy? It's planting seeds in a garden you never get to see), your kids would be better off if you stuck $50,000 in VTWAX and let them buy their own DVC if they want it when you're dead.

Are DLT and Poly2 bupkis? Seems to me like there’s going to be a steady stream of new construction over the next several years, and personally I wouldn’t bet that it’s going to suddenly stop after those two.

 

[CaptainAmerica]

Are DLT and Poly2 bupkis? Seems to me like there’s going to be a steady stream of new construction over the next several years, and personally I wouldn’t bet that it’s going to suddenly stop after those two.

I don't think any Direct owner should be counting on DLT availability at 7 months, so they're basically no better off than resale owners. As to PVB2, my assumption is that it will be a extension of PVB and not subject to resale restrictions, just like VGF2. And even if PVB2 is a new association with restrictions, resale owners still have access to PVB1, so it's not like they're shut out of the Poly. So yeah, IMO, bupkis.

If Disney announces "new, greatest, most wonderful DVC resort of all time and it definitely has resale restrictions," coming in 2028, by all means, it might make sense to buy Direct in 2028. But I don't think the idea that they MIGHT do that down the road is a compelling reason to buy Direct in 2022.

Buying Direct in 2022 is still about Riviera.

 

[Sandisw]

I don't think any Direct owner should be counting on DLT availability at 7 months, so they're basically no better off than resale owners. As to PVB2, my assumption is that it will be a extension of PVB and not subject to resale restrictions, just like VGF2. And even if PVB2 is a new association with restrictions, resale owners still have access to PVB1, so it's not like they're shut out of the Poly. So yeah, IMO, bupkis.

If Disney announces "new, greatest, most wonderful DVC resort of all time and it definitely has resale restrictions," coming in 2028, by all means, it might make sense to buy Direct in 2028. But I don't think the idea that they MIGHT do that down the road is a compelling reason to buy Direct in 2022.

Buying Direct in 2022 is still about Riviera.

You are right. It’s about RIV right now. But, you are buying something long term and knowing resale shuts you out of any new resort that is deemed as one is something to consider.

If Poly tower is new and you don’t fit in a studio and need/want a larger unit, then PVB isn’t a choice

Knowing a building has been announced which has not yet been confirmed to be available to resale buyers.

DLT may be difficult at 7 months but that’s not the same as not even having a chance.

So, it is something I think is important to think about in todays market

Now, some obviously don’t care about having restricted points for RIV and anything down the line.

But, it certainly is something one should decide if it matters or is worth the extra to own direct points that will be good everywhere.

 

[CaptainAmerica]

You are right. It’s about RIV right now. But, you are buying something long term and knowing resale shuts you out of any new resort that is deemed as one is something to consider.

If Poly tower is new and you don’t fit in a studio and need/want a larger unit, then PVB isn’t a choice

Knowing a building has been announced which has not yet been confirmed to be available to resale buyers.

DLT may be difficult at 7 months but that’s not the same as not even having a chance.

So, it is something I think is important to think about in todays market

Now, some obviously don’t care about having restricted points for RIV and anything down the line.

But, it certainly is something one should decide if it matters or is worth the extra to own direct points that will be good everywhere.

Right but this all assumes that buying resale is a permanent decision. I'm not saying "buy resale and never think about it again." Resale contracts appreciate in value, just as Direct prices increase over time. Trying to anticipate DVC's next move and buying direct based on guesses about the future is a fool's errand.

I think it makes a lot more sense to buy what makes sense now (which, as you said, is a Riviera-based decision) and then buy Direct if and only if those things you're speculating about ACTUALLY come to pass.

Disney might announce a great new resort that has restrictions tied to it, and they might not. Why would I buy Direct NOW based on that "maybe"? If they don't, I wasted a bunch of money. If they do, I can buy Direct at that point.

 

[Chia1974]

You are right. It’s about RIV right now. But, you are buying something long term and knowing resale shuts you out of any new resort that is deemed as one is something to consider.

If Poly tower is new and you don’t fit in a studio and need/want a larger unit, then PVB isn’t a choice

Knowing a building has been announced which has not yet been confirmed to be available to resale buyers.

DLT may be difficult at 7 months but that’s not the same as not even having a chance.

So, it is something I think is important to think about in todays market

Now, some obviously don’t care about having restricted points for RIV and anything down the line.

But, it certainly is something one should decide if it matters or is worth the extra to own direct points that will be good everywhere.

VGF2 makes sense because unlike RIV, no resale strings attached. It will hold its value better for this reason. There are probably not going to be another opportunity to buy direct at this price point for a resort that expiring 2064 or later. Poly2 will expire either 2066 or 2074 but will be higher than $207(base price now) even with any aggressive incentives. I like to know I do have a chance staying at DLT with my direct points not 0.

 

[Sandisw]

VGF2 makes sense because unlike RIV, no resale strings attached. It will hold its value better for this reason. There are probably not going to be another opportunity to buy direct at this price point for a resort that expiring 2064 or later. Poly2 will expire either 2066 or 2074 but will be higher than $207(base price now) even with any aggressive incentives. I like to know I do have a chance starting at DLT with my direct points not 0.

I am just not sure we have enough info to say VGF will always hold itself at a much higher level than RIV. There are a lot of people who love the resort and resale restrictions don’t seem to be a major factor for a lot of buyers.

I think that is because people know you can do both…add resale RIV for RIV and add other resorts for the rest.

Now, for those that do care, and don’t mine the shorter term, go with VGF. Price is close enough to do that now,

 

[Sandisw]

Right but this all assumes that buying resale is a permanent decision. I'm not saying "buy resale and never think about it again." Resale contracts appreciate in value, just as Direct prices increase over time. Trying to anticipate DVC's next move and buying direct based on guesses about the future is a fool's errand.

I think it makes a lot more sense to buy what makes sense now (which, as you said, is a Riviera-based decision) and then buy Direct if and only if those things you're speculating about ACTUALLY come to pass.

Disney might announce a great new resort that has restrictions tied to it, and they might not. Why would I buy Direct NOW based on that "maybe"? If they don't, I wasted a bunch of money. If they do, I can buy Direct at that point.

Sure, addition-it’s is real but not everyone gets it. Some buy and never add more some do have to consider the benefits of direct points has to offer,

Making the assumption that your resale points will definitely rise is also a maybe and no one knows what will happen. Direct could be enhance that resale market takes a hit that your points are not worth as much as you hope.

Of course, you are buying for a maybe. But, buying resale means you closed the door completely for things that may be something you want,

We do know that in the next 3 years, we will have DLT and the new Poly as new builds. Will they follow RIV and be eliminated from resale buyers? Maybe maybe not. If one cares, in case they are, then direct makes sense.

People don’t have to agree but there are benefits to owning direct points now and in the future and it’s silly to not at least consider if those will matter to you and to what degree.

 

[Chia1974]

I am just not sure we have enough info to say VGF will always hold itself at a much higher level than RIV. There are a lot of people who love the resort and resale restrictions don’t seem to be a major factor for a lot of buyers.

I think that is because people know you can do both…add resale RIV for RIV and add other resorts for the rest.

Now, for those that do care, and don’t mine the shorter term, go with VGF. Price is close enough to do that now,

Unfortunately RIV did not win me over enough for me to buy. I’d stay there sometimes, room and food quality are excellent but I don’t care for the location. Ugh, I still have 4 days to decide to buy VGF2 or not.

 

[Sandisw]

Unfortunately RIV did not win me over enough for me to buy. I’d stay there sometimes, room and food quality are excellent but I don’t care for the location. Ugh, I still have 4 days to decide to buy VGF2 or not.

And, if the resort itself is not for you, I would not buy it. IMO, that is the first
part of it all!

Well, you have 4 days to get a contract started…you have another 10 days to cancel It so it gives you a little more time.

 

[CaptainAmerica]

Sure, addition-it’s is real but not everyone gets it. Some buy and never add more some do have to consider the benefits of direct points has to offer,

Making the assumption that your resale points will definitely rise is also a maybe and no one knows what will happen. Direct could be enhance that resale market takes a hit that your points are not worth as much as you hope.

Of course, you are buying for a maybe. But, buying resale means you closed the door completely for things that may be something you want,

We do know that in the next 3 years, we will have DLT and the new Poly as new builds. Will they follow RIV and be eliminated from resale buyers? Maybe maybe not. If one cares, in case they are, then direct makes sense.

People don’t have to agree but there are benefits to owning direct points now and in the future and it’s silly to not at least consider if those will matter to you and to what degree.

Minor point, but I wasn't making a case for adding on, I was making a case for flipping.