ROFR Thread July to Sept 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[stlrod]

Woohoo! Passed just in time for VGF2.

stlrod---$180-$19334-100-VGF-September-0/20, 200/21, 100/22- sent 6/22, passed 7/30

 

[Red Dog Run]

The thing is, if your expectations as a buyer involve a resale price that's below the prices some sellers are getting, you're not going to get any "respect" from sellers. I know if I were selling, with such limited availability, I'd hold out for the same kind of astronomical prices other folks are getting. At this point, though, for me it makes more sense to buy direct. The prices aren't much higher, and the ability to use the points at both the Riviera and other potentially incredible new resorts down the line is meaningful. And if the price of VGF2 is actually reasonable, that will be another blow to the resale market.

Yep. I slightly raised my bid on an outrageous contract, 8 dollars less than the "suggested" counter. When the broker asked my thoughts on his suggestion, I stated that it is still overpriced and I would like to offer less than the suggestion. I didn't get a reply, (I guess I'm used to manners in person and email manners are different) from the broker that he would send it. Well- I started thinking

If I buy direct, I will get the 2020 points since my use year is Oct and they have time to collect points and 2021 points That, along with a smaller closing, only 1/4 of the maintenance fees since I will call in a couple of days for August lock-in, AND points earned on the Disney visa that I will use for maintenance dues, makes direct a no brainer. After I added the seller's counter, the maintenance fees for the year, a slightly higher closing- I saved NOTHING and get to wait months. At this point, resale makes no sense if you are already a member. The outrageous price is for a non-member that would have to buy a min. of pts.

 

[Ginamarie]

Yep. I slightly raised my bid on an outrageous contract, 8 dollars less than the "suggested" counter. When the broker asked my thoughts on his suggestion, I stated that it is still overpriced and I would like to offer less than the suggestion. I didn't get a reply, (I guess I'm used to manners in person and email manners are different) from the broker that he would send it. Well- I started thinking

If I buy direct, I will get the 2020 points since my use year is Oct and they have time to collect points and 2021 points That, along with a smaller closing, only 1/4 of the maintenance fees since I will call in a couple of days for August lock-in, AND points earned on the Disney visa that I will use for maintenance dues, makes direct a no brainer. After I added the seller's counter, the maintenance fees for the year, a slightly higher closing- I saved NOTHING and get to wait months. At this point, resale makes no sense if you are already a member. The outrageous price is for a non-member that would have to buy a min. of pts.

This is what I've been saying. I'm looking for OKW-E points at the moment. I just got a notification about OKW2042 points. It's a small contract and they want $149/point, only full priced offers with closing costs, etc. It's loaded, but by the time it transfers, you're going to lose the 2020 points that were banked because there's so little availability.

While I can afford a 30 pointer easily, I can't see paying $149/point for the 2042 contract. It makes more sense for me to wait until the end of the year (I'm a Feb use year), and buy direct. I'll still get 2021 points, which they'll let me bank late since it's a direct purchase, I'll have use of the points instantly that way, and they'll be good at all of the resorts (including in conjunction with my Riviera contract at Riviera), AND it's an extra 15 years on the contract. Plus the ease of buying exactly how many points you want at whichever resort you want has it's own value. I love searching for bargains, but there are a lot less to be had these days!

 

[gisele2]

From home I cannot buy direct, but with the prices that we see for resale right now , I think going direct is the way to go for small contracts.

 

[I Run Long]

From home I cannot buy direct, but with the prices that we see for resale right now , I think going direct is the way to go for small contracts.

I agree - we're looking to add on between 25 and 50 points to our AKV contract. The prices on the resale market are insane for those small contract, if you can even find them. I think we'll probably go the direct route instead. Unfortunately we have to be onsite to do that since we are on the west coast of Canada. Too bad since I don't know when that will be.

 

[andyc83]

Let's try this again!

andyc83---$135-$34630-250-AKV-Feb-0/21, 318/22, 189/23, 250/24- sent 7/30

 

[Chia1974]

This is what I've been saying. I'm looking for OKW-E points at the moment. I just got a notification about OKW2042 points. It's a small contract and they want $149/point, only full priced offers with closing costs, etc. It's loaded, but by the time it transfers, you're going to lose the 2020 points that were banked because there's so little availability.

While I can afford a 30 pointer easily, I can't see paying $149/point for the 2042 contract. It makes more sense for me to wait until the end of the year (I'm a Feb use year), and buy direct. I'll still get 2021 points, which they'll let me bank late since it's a direct purchase, I'll have use of the points instantly that way, and they'll be good at all of the resorts (including in conjunction with my Riviera contract at Riviera), AND it's an extra 15 years on the contract. Plus the ease of buying exactly how many points you want at whichever resort you want has it's own value. I love searching for bargains, but there are a lot less to be had these days!

Someone had previously mentioned that a small contact make sense for a non member who just want to test the water. Maybe they just go to Disney every other year and they can just bank and borrow points. I totally agree with everything you mentioned for any existing members who’s interested in a small contact.

 

[Chia1974]

Yep. I slightly raised my bid on an outrageous contract, 8 dollars less than the "suggested" counter. When the broker asked my thoughts on his suggestion, I stated that it is still overpriced and I would like to offer less than the suggestion. I didn't get a reply, (I guess I'm used to manners in person and email manners are different) from the broker that he would send it. Well- I started thinking

If I buy direct, I will get the 2020 points since my use year is Oct and they have time to collect points and 2021 points That, along with a smaller closing, only 1/4 of the maintenance fees since I will call in a couple of days for August lock-in, AND points earned on the Disney visa that I will use for maintenance dues, makes direct a no brainer. After I added the seller's counter, the maintenance fees for the year, a slightly higher closing- I saved NOTHING and get to wait months. At this point, resale makes no sense if you are already a member. The outrageous price is for a non-member that would have to buy a min. of pts.

I bought October UY direct this year. I rented out most of the 2020 and 2021 points. I used the rewards dollar form Disney visa to pay the prorated 2021 dues. I recovered quite a bit of money. Now I can just pay the remaining balance with no interest. With that say, I do have 3 resale in closing and one waiting for ROFR at the moment.

 

[Ginamarie]

Someone had previously mentioned that a small contact make sense for a non member who just want to test the water. Maybe they just go to Disney every other year and they can just bank and borrow points. I totally agree with everything you mentioned for any existing members who’s interested in a small contact.

I agree- if you can't buy a small contract direct, then you're stuck with resale. I'd be REALLY curious to see how many of those small contracts are new purchasers though. I think a significant amount of these sales are still add-ons.

 

[sgricewich]

sgricewich---$109-$25720-230-OKW-Apr-0/20, 0/21, 230/22, 230/23- sent 7/30

Here we go again. Hopefully second time is a charm.

 

[Bearval]

That looks like a prime contract for DVC to ROFR so they can convert it to a 2057 extension.

 

[DGaw4]

DGaw4---$170-$27353-150-PVB-Sep- 0/20, 150/21, 150/22- sent 6/21, passed 7/30

Finally got the good news!!

 

[Jen0718]

DGaw4---$170-$27353-150-PVB-Sep- 0/20, 150/21, 150/22- sent 6/21, passed 7/30

Finally got the good news!!

Congrats!!

 

[TKellegrew]

TKellegrew---$171-$34999-200-PVB-Jun-0/20, 0/21, 200/22, 200/23- sent 6/22, passed 7/30

Also got my good news today!

 

[Jen0718]

TKellegrew---$171-$34999-200-PVB-Jun-0/20, 0/21, 200/22, 200/23- sent 6/22, passed 7/30

Also got my good news today!

Congrats to you too

 

[stlrod]

Glad to see it's Good News Friday! I'm just going to jump in and say ignore the brokers who tell you to go higher than your planned offer to get a particular contract or get around ROFR. You never truly know what a seller's situation is or what DIsney will take or pass on. There were three identical 100 point VGF contracts listed when I made an offer. I contacted the owner of the brokerage firm and told him I was considering an offer 11% less than asking and wanted to know if we'd be wasting our time. He said it never hurts to try and set me up with one of his agents. I made the offer, got an immediate counter about 5% below asking and then said I would go up to 10% below asking and would be holding firm. The agent came back and said the seller accepted because one of the other 3 sold at full price so he could accept less on this one. You just never know and another will come along. This price bubble will stabilize just like the rest of the real estate market. That's my unsolicited advice from someone who doesn't know a whole lot about real estate but negotiates for a living.

 

[Paul Stupin]

Yep. I slightly raised my bid on an outrageous contract, 8 dollars less than the "suggested" counter. When the broker asked my thoughts on his suggestion, I stated that it is still overpriced and I would like to offer less than the suggestion. I didn't get a reply, (I guess I'm used to manners in person and email manners are different) from the broker that he would send it. Well- I started thinking

If I buy direct, I will get the 2020 points since my use year is Oct and they have time to collect points and 2021 points That, along with a smaller closing, only 1/4 of the maintenance fees since I will call in a couple of days for August lock-in, AND points earned on the Disney visa that I will use for maintenance dues, makes direct a no brainer. After I added the seller's counter, the maintenance fees for the year, a slightly higher closing- I saved NOTHING and get to wait months. At this point, resale makes no sense if you are already a member. The outrageous price is for a non-member that would have to buy a min. of pts.

Yes, in many instances resale just doesn’t make any sense. I’m planning on buying 300 points direct for VGF2 when it goes on sale later this year or early next. I think the direct price will be higher than the ridiculous prices currently being asked on resale, but with incentives not that much higher, and in the long run the ability to use the points at future resorts is worth it, not to mention the ease of actually making the purchase without a multi month wait.

Also, even if I was going to buy resale, now is a bad time to purchase VGF even at prices currently considered a good deal, the $170-$180 range. If VGF2 opens at an even semi-reasonable price per point, it’s going to drive the resale price down to the $160 range, or less, so in my opinion any resale VGF contract purchased now is guaranteed a somewhat substantial loss. And if the resale purchase price is even close to what is now being asked, or over $180, or $190, or heaven forbid $200, the loss will be even larger. Who wants that?

 

[masupo]

sgricewich---$109-$25720-230-OKW-Apr-0/20, 0/21, 230/22, 230/23- sent 7/30

Here we go again. Hopefully second time is a charm.

My 39 point OKW (not extended) was just taken at $110. At least I assume it was because I received a refund of the deposit from the title company. As soon as I receive official notice from the broker, I’ll post my string

 

[lovethesun12]

While I was oh so happy (very happy...honestly... truly happy) to hear about all those receiving responses for contracts sent AFTER mine was, it was great to hear on my own today! Not unexpected but was still a little nervous

lovethesun12---$160-$17443-100-PVB-Mar-0/20, 94/21, 100/22, 100/23- sent 6/25, passed 7/30

 

[Jen0718]

While I was oh so happy (very happy...honestly... truly happy) to hear about all those receiving responses for contracts sent AFTER mine was, it was great to hear on my own today! Not unexpected but was still a little nervous

lovethesun12---$160-$17443-100-PVB-Mar-0/20, 94/21, 100/22, 100/23- sent 6/25, passed 7/30

Congrats!