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

[Sandisw]

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

Got it! Each approach has pros/cons and each situation makes the difference larger or smaller. A difference of $10k isn't the same as $4k.

Definitely benefits to having direct points, no question about that. Whether those benefits are worth the extra now and in the future?

Only the buyer can decide. Many think it is..many think it’s not! Hence why our ROFR thread is large!

 

[Chia1974]

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.

I read before that you have till June 1st to make final payment for VGF2. They give you two months +?

 

[Sandisw]

I read before that you have till June 1st to make final payment for VGF2. They give you two months +?

Yes. I asked to have my payments billed up to 90 days and they agreed. So, I put down the deposit, paying $10K on April 2nd and May 2nd, and balance on June 2nd.

I should have my check from the sale of SSR by then too and because it’s all going on my Disney Visa, I don’t have to actually pay it off until November!

 

[Chia1974]

Yes. I asked to have my payments billed up to 90 days and they agreed. So, I put down the deposit, paying $10K on April 2nd and May 2nd, and balance on June 2nd.

I should have my check from the sale of SSR by then too and because it’s all going on my Disney Visa, I don’t have to actually pay it off until November!

I asked my guide and he told me he needs an approval from management for an extension beyond 30 days. I’m paying with Disney Visa as well if I buy.

 

[Sandisw]

I asked my guide and he told me he needs an approval from management for an extension beyond 30 days. I’m paying with Disney Visa as well if I buy.

When I asked, I know it needs approval, so I just said, "Can you please see if you can get me approval for the 90 days?" So, to be fair, I did preface the conversation with knowing it was not something automatically done as he said at first the 30 day line.

I am also buying 300 points so not sure if that played a role either.

 

[Chia1974]

When I asked, I know it needs approval, so I just said, "Can you please see if you can get me approval for the 90 days?" So, to be fair, I did preface the conversation with knowing it was not something automatically done as he said at first the 30 day line.

I am also buying 300 points so not sure if that played a role either.

I’m probably buying 200, I can swing that. 300 I would need to sell a contract.

 

[Mpeter57]

Can anyone tell me why Disney does not buy back Poly very often? I know we can’t predict ROFR but I’m just curious since it’s a sold out resort.

 

[Jimmy Geppetto]

Can anyone tell me why Disney does not buy back Poly very often? I know we can’t predict ROFR but I’m just curious since it’s a sold out resort.

Likely due to the fact they knew Poly2 would be coming up for sale soon. Now that it’s announced I doubt they take back much. Likely will be taking back contracts based on the trends we’ve seen which is anything south of $145ish pp.

 

[Sandisw]

Can anyone tell me why Disney does not buy back Poly very often? I know we can’t predict ROFR but I’m just curious since it’s a sold out resort.

It just may be a resort that they don't feel they have a lot of direct inquiries to buy and have plenty of points through foreclosure or other means to meet the low demand for direct. I do also agree that now that they will be adding new DVC rooms to the location, they will have no need to buy Poly contracts deeded to the current buildings.

 

[Mpeter57]

Likely due to the fact they knew Poly2 would be coming up for sale soon. Now that it’s announced I doubt they take back much. Likely will be taking back contracts based on the trends we’ve seen which is anything south of $145ish pp.

That makes sense. I was wondering about that but I feel like they still take VGF even though more DVC rooms are becoming available with VGF2. But maybe Poly2 will be more rooms??

 

[Mpeter57]

That makes sense. I was wondering about that but I feel like they still take VGF even though more DVC rooms are becoming available with VGF2. But maybe Poly2 will be more rooms??

And thank you for your reply

 

[Mpeter57]

It just may be a resort that they don't feel they have a lot of direct inquiries to buy and have plenty of points through foreclosure or other means to meet the low demand for direct. I do also agree that now that they will be adding new DVC rooms to the location, they will have no need to buy Poly contracts deeded to the current buildings.

Yeah, makes sense too. Thanks for your reply.
I’m waiting on AKL in ROFR at the moment and am tempted to try for Poly if this doesn’t go through. Or maybe as an add on eventually.

 

[MommaMagic]

I just wanted to show my full timeline on my resale Poly contract since today we reached the last stage. POINTS!

1/26 - signed contract
2/18 - passed ROFR
2/26 - closed on contract
3/10 - Disney received contract
3/21 - Disney sent member log in and member #
3/26 - Points loaded into our account

We just booked our first trip today for the holidays at the Poly! We are so excited to be Home for the Holidays

 

[DarthDadMan]

It just may be a resort that they don't feel they have a lot of direct inquiries to buy and have plenty of points through foreclosure or other means to meet the low demand for direct. I do also agree that now that they will be adding new DVC rooms to the location, they will have no need to buy Poly contracts deeded to the current buildings.

It’ll be interesting to watch the Poly resale market then because it feels like it’ll be stalled until more details come out on PVB2, in particular the condo association details.

 

[sjdrr1313]

Yes. I asked to have my payments billed up to 90 days and they agreed. So, I put down the deposit, paying $10K on April 2nd and May 2nd, and balance on June 2nd.

I should have my check from the sale of SSR by then too and because it’s all going on my Disney Visa, I don’t have to actually pay it off until November!

OK so if they ok it... I can put down a deposit, make a few payments between now and June, and then put the balance on my disney visa in June and get 6 months from June to pay it off? I'm sitting here crunching numbers....

 

[Chia1974]

OK so if they ok it... I can put down a deposit, make a few payments between now and June, and then put the balance on my disney visa in June and get 6 months from June to pay it off? I'm sitting here crunching numbers....

How many points are you looking to buy?

 

[sjdrr1313]

How many points are you looking to buy?

I don't know.... I'm playing with numbers to see what we can get. I don't want to be DVC poor lol (you know eating Ramen noodles every day so we can pay for our contract lol)

 

[Chia1974]

I don't know.... I'm playing with numbers to see what we can get. I don't want to be DVC poor lol (you know eating Ramen noodles every day so we can pay for our contract lol)

If eating ramen noodles in your DVC room probably taste delicious

 

[Paul Stupin]

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.

We’ll this is where we disagree! Personally, I love Riviera, but I also think Poly2 will probably have a new association, associated with Poly like BRV is to CCV, and DLT will be far from an impossibility at 7 months. Of course, it’s a guaranteed impossibility if you don’t have direct points. I don’t want to be barred from any Epcot area resort after 2042 either, or any brand new resort down the line, which for me is a matter of when not if.

I have a ton of resale points, but I also see the value in buying direct. I’ve noticed, however, that many resale buyers who feel otherwise don‘t seem to be open to discussing or even acknowledging the validity of the opposing point of view.

 

[CaptainAmerica]

We’ll this is where we disagree! Personally, I love Riviera, but I also think Poly2 will probably have a new association, associated with Poly like BRV is to CCV, and DLT will be far from an impossibility at 7 months. Of course, it’s a guaranteed impossibility if you don’t have direct points. I don’t want to be barred from any Epcot area resort after 2042 either, or any brand new resort down the line, which for me is a matter of when not if.

I have a ton of resale points, but I also see the value in buying direct. I’ve noticed, however, that many resale buyers who feel otherwise don‘t seem to be open to discussing or even acknowledging the validity of the opposing point of view.

Don't get me wrong, if you're happy with the portfolio of what's offered to Direct members, go for it. If we see $40 incentives at OKW/AKV/SSR like we just saw at BLT, I'll probably buy Direct myself. My point isn't mainly about direct vs resale, it's about the timeline. I don't think a good REASON to buy Direct is what you think Disney might do or offer several years from now. If that's your deciding factor, you might as well buy resale now and then flip your points to Direct if those things that you're anticipating actually happen.