ROFR Thread January to March 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[MrWonderful]

I'm soooooo glad we jumped on BLT during the c19 dip last summer. Now doesn't seem like such a good time to be buying. Sorry for all those who got ROFR'd lately... such a bummer.

 

[whitters3]

Honestly it’s not that bad considering the increases as of late. PVB hovered under $140 for awhile and has since climbed in the $150-160 range. It is stripped so maybe on the higher side but by next year I’ll bet PVB will be over $170.

No, you're right. It's not terrible which is why I am fine paying it, especially since it's a lower point contract. It just still stings we didn't get our 150 points for $130 at PVB back in January.

 

[andeesings]

I'm soooooo glad we jumped on BLT during the c19 dip last summer. Now doesn't seem like such a good time to be buying. Sorry for all those who got ROFR'd lately... such a bummer.

Having these same feelings! Relieved, but also feel so terribly for everyone being ROFR'd.

 

[ScubaCat]

I was holding out hope (see my post "Credit card $1000 deposit credited back - bad sign?") but now I realize my baby is gone!

She's gone, oh why, what went wrong!

dvccurious---$108-$22835-203-AKL-MAR-406/21, 203/22, 203/23- sent 2/15, FAILED 3/8

 

[Lee Matthews]

I was holding out hope (see my post "Credit card $1000 deposit credited back - bad sign?") but now I realize my baby is gone!

She's gone, oh why, what went wrong!

dvccurious---$108-$22835-203-AKL-MAR-406/21, 203/22, 203/23- sent 2/15, FAILED 3/8

going for another attempt? Anything your going to try differently?

 

[Ginamarie]

DVC resale market are uploading a TON of new deeds today for AKL and 90% are going on at $119 a point. Must be the new price point

I noticed this too. I can't imagine paying that much for a stripped contract though, which most of those contracts seem to be. At this point, I almost feel like it's smart to forget about AKV for a month or two and see what happens. Once the ROFR monster starts looking at another property it may get more reasonable again.

 

[DVCcurious]

going for another attempt? Anything your going to try differently?

We are going in July so I was hoping to close in enough time to use the points. That's not going to happen so I just sent in a request to David's to rent BWV points for this July trip.

I'm going to take a break and see what happens over the next few months. We will buy in eventually but I want to see how this market will settle down.

But we all know what will really happen: I'll continue to look at resale sites and make an offer on something within the next month.

 

[Lee Matthews]

I noticed this too. I can't imagine paying that much for a stripped contract though, which most of those contracts seem to be. At this point, I almost feel like it's smart to forget about AKV for a month or two and see what happens. Once the ROFR monster starts looking at another property it may get more reasonable again.

I am contemplating that but also don’t want to risk the prices going higher again.

move gone from $106 to $109 and probably willing to go to $112. Maybe $115 if seller pays closing costs but then run the risk of that being more attractive to Disney

 

[momoftwins]

We lost out on three BWV contracts this year so far. We are on our 4th try. I do not remember all of the ins and outs, but 1st $118, 2nd $121, 3rd $125 all stripped 150 pts (except the 3rd one did have 65 pts for 2021) All ROFR'd. . Now on our 4th one, $132 a point some 2021 points. This is crazy.

 

[Lee Matthews]

Agreed.

I personally think there’s 2 reasons in particular Disney are buying so many.

1. riviera is struggling. PPP is too high and the resale restrictions put people off

2. With reflections getting axed so no new DVC resort opening, they may try and make up any losses there on re-selling sold out resorts

 

[Sandisw]

Agreed.

I personally think there’s 2 reasons in particular Disney are buying so many.

1. riviera is struggling. PPP is too high and the resale restrictions put people off

2. With reflections getting axed so no new DVC resort opening, they may try and make up any losses there on re-selling sold out resorts

RiV direct sales still continue to be the majority of what is sold so I am not sure we can say it’s selling bad as sales as a whole are down due to pandemic.

But, I do think we no need resort in sight they are in no rush to see it sold and so it is a good thing to have back up for people.

I also think it has to do with replacing all those points that were used for owners who get extensions. The more points DVD owns, the more they can book rooms and sell via cash which allows them to keep some of those deluxe resorts closed longer.

 

[jacec]

Jacec---$113-$31083-252-SSR-Mar-70/20, 252/21, 252/22, 262/23- sent 3/21

 

[Paul Stupin]

Ooops I did it again:

macman123-$180-$24107-125-VGF-Aug-14/20, 250/21, 125/22- sent 3/19

Not sure if I overpaid though.........

I think VGF has been going up lately. I bought some VGF contracts a few months ago for low to mid 170s, except for one loaded 120 pointer I was able to snag for $155! It was my initial offer which I fully expected to have to raise, but the sellers wound up excepting to my surprise. Spent several weeks worrying about ROFR until it passed.

 

[pangyal]

Updated!

Happy Spring everyone

 

[Sarahdelcampo]

Long time stalker, first time poster.

DVCNurSe---$99-$21468-210-OKW-Jun-0/19, 173/20, 210/21, 210/22-seller pays MF '21- sent 3/8

 

[Amyeliza]

Updated!

Happy Spring everyone

Thank you for all that you do!

 

[Ginamarie]

Agreed.

I personally think there’s 2 reasons in particular Disney are buying so many.

1. riviera is struggling. PPP is too high and the resale restrictions put people off

2. With reflections getting axed so no new DVC resort opening, they may try and make up any losses there on re-selling sold out resorts

With the incentives, Riviera isn't priced high at all. We paid $170/point in January. On the resale market, it's tough to buy GFV at that price right now, and some of the 2042 expiration properties are selling at $140-150 (see Beach Club) on the resale market. Riviera is less expensive than buying Copper Creek direct.

 

[Paul Stupin]

With the incentives, Riviera isn't priced high at all. We paid $170/point in January. On the resale market, it's tough to buy GFV at that price right now, and some of the 2042 expiration properties are selling at $140-150 (see Beach Club) on the resale market. Riviera is less expensive than buying Copper Creek direct.

It is cheaper than CC, and a beautiful hotel, but those resale restrictions could undermine long term value. Of course, if you don’t plan on ever selling it’s not an issue!

 

[pangyal]

With the incentives, Riviera isn't priced high at all. We paid $170/point in January. On the resale market, it's tough to buy GFV at that price right now, and some of the 2042 expiration properties are selling at $140-150 (see Beach Club) on the resale market. Riviera is less expensive than buying Copper Creek direct.

I agree (and absolutely love Riviera). We felt like we were getting the deal of the century buying CCV direct this month (not really a deal, I know, I know) where it worked out to $178/pt with incentives, but $170/pt is not a price that I think we will ever see again for that resort or actually for any new Florida/ California property they will sell going forward. You bought at the perfect time!

 

[Sandisw]

It is cheaper than CC, and a beautiful hotel, but those resale restrictions could undermine long term value. Of course, if you don’t plan on ever selling it’s not an issue!

This is key because ultimately, not everyone needs or even should buy with that in mind. However, so far, resale RIV is holding its own... much better than any of us predicted it would. Now I do think it will settle in lower when more are put up for sale but on the other hand, supply may stay lower because of the restrictions and more owners won’t sell unless they have a financial emergency that forces them to. If that happens, demand could stay higher and the price may remain where they have been.