ROFR Thread July to Sept 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Ginamarie]

What was the PP for that contract? We wanted a HHI contract but I didn’t want to pay the dues… now I’m regretting not buying points there and think I may try to convince my husband that we shouldn’t wait a year to get another contract lol.

$70/point

I’ve been in an ongoing conversation with a broker about another 210 point contract but the seller wants 90+ a point. I’m not paying that much!

 

[Ginamarie]

Is it me or have the prices slightly decreased the past few weeks?

It depends on the resort, but yes. Supply is greater than demand right now and prices have been going down. GCV is the biggest culprit here- a few months ago they were $295+/point. Now they’re listing in the $260s-$270s.

ROFR is keeping things from the bottom falling out though and buying up a lot of contracts. You can find a lot of resorts being priced well under the current ROFR rates. (Ie SSR at $115-120/point or CCV under $160/point).

 

[CaptainAmerica]

You can find a lot of resorts being priced well under the current ROFR rates. (Ie SSR at $115-120/point or CCV under $160/point).

Which is fascinating because the borrowing restrictions have prevented the cheapest contracts from being 100% stripped, which they now can be. Sellers with loaded contracts are going to be at a huge advantage for awhile because those are the only contracts that command a high enough price to have a shot at passing ROFR.

 

[AKVDisneyFan]

$70/point

I’ve been in an ongoing conversation with a broker about another 210 point contract but the seller wants 90+ a point. I’m not paying that much!

Thank you!

 

[NVDISFamily]

Is it me or have the prices slightly decreased the past few weeks?

Depends. The market want’s to sell but the ROFR floor keeps people who want to buy on the sidelines. I “want” but cant really afford (dues LOL) another 150 to 200 points at CCV right now. I’m not interested to dance with he ROFR monster for something I don’t really need. If ROFR stops at CCV and I can ninja some CCV points (I’ll take a stripped contract for a big discount in price per point) at like 130 to 140 a point…. I’d be tempted to inflict some more pain on my annual dues budget

 

[CaptainAmerica]

Depends. The market want’s to sell but the ROFR floor keeps people who want to buy on the sidelines. I “want” but cant really afford (dues LOL) another 150 to 200 points at CCV right now. I’m not interested to dance with he ROFR monster for something I don’t really need. If ROFR stops at CCV and I can ninja some CCV points (I’ll take a stripped contract for a big discount in price per point) at like 130 to 140 a point…. I’d be tempted to inflict some more pain on my annual dues budget

Exactly. Sellers with premium contracts and buyers willing to pay a premium price are still making deals, but the sellers who are willing to go low for the sake of selling quickly and buyers who are looking for a great deal aren't. The sellers are listing but the buyers aren't even bothering to offer because nothing they're willing to pay for will pass.

 

[Brian Noble]

The sellers are listing but the buyers aren't even bothering to offer because nothing they're willing to pay for will pass.

That just encourages the oppositional contrarian in me to start making offers.

"You won't get it! You have no chance!"

Hold my (Heineken 0.0) beer.

 

[CaptainAmerica]

That just encourages the oppositional contrarian in me to start making offers.

"You won't get it! You have no chance!"

Hold my (Heineken 0.0) beer.

Keep your powder dry for the recession.

 

[Paul 55555]

Consider asking them to bank the 21 points if your don’t plan on using them until after Dec. don’t want to lose those!

I did ask to have the points banked.good advice i probably am looking at the points in my account in mid to end of October

 

[Johtull12]

There's not much action on OKW contracts right now. I'm in ROFR for one right now but not likely going to pass. Looks like anything $115 or lower gets bought back.

They need to fix the 2057 problem. I don't know how many extended contracts are out there but it's not enough to pay for that place for 15 years. Imagine in 2042 if they lose 50 or 75% of due payers.

 

[wnielsen1]

They need to fix the 2057 problem. I don't know how many extended contracts are out there but it's not enough to pay for that place for 15 years. Imagine in 2042 if they lose 50 or 75% of due payers.

They'll use those OKW 2042-2057 contracts as incentives to sell whatever they are selling at the time, maybe Aulani still

 

[NVDISFamily]

Keep your powder dry for the recession.

Feels like we are already there. Just the ROFR team at the mouse hasn’t gotten the memo…..

 

[NVDISFamily]

They'll use those OKW 2042-2057 contracts as incentives to sell whatever they are selling at the time, maybe Aulani still

I’m hopeful for an Aulani fire sale + subsidized dues promo in a few years. I’d buy a few hundred points direct at 120 ish a point with sub dues…..

 

[Paul 55555]

Every time they buy an okw Contract they turn it into a 2057 so they are working on the problem.

 

[Einstein509]

I’ve mentioned on other threads but for me the 2042 math isn’t as bad as it first seems. The price per point per year is worse but that doesn’t capture the full picture.

For $100/pt with 20 yrs left that’s $5 per pt per year. If it were 40 years left this drops to $2.50 per pt per year which you could interpret as meaning $200 for 40 yrs is same as $100 for 20.

However, if you build in time value of money the numbers aren’t as dramatic. As an example I assume a 4% interest rate (my current home mortgage). Therefore in addition to the $5 per point per year I’m also “spending” $4 in additional interest when I spend $100 per pt rather then putting the money to my mortgage. This makes total cost $9 per pt per year for the $100 with 20 years. If you do the same math for $100 40 yrs it works out to $6.50 per pt per year and if you take this math further you find that assuming 4% interest a $100 20yr contract is equivalent to ~$138 for 40 yr contract. It should also be noted this is just looking at cost that is impacted by number of years remaining and purchase price and once you add dues the practical difference in cost of ownership becomes even less important.

 

[mickeyhellyeah]

We're So PUMPED! Tried Saratoga first, taken - Then found this deal at AKV which was our Top pick initially. Can't wait!

we’re waiting on a very similar deal! AKL 220 points $128pp, day 30 today! want to buy from an international seller if this one falls through, however we’re international too so I believe there’s a cost as we have to purchase something due to the tax

 

[AchieverGal]

Not trying to say direct is a good way to go or anything over resale but at least regarding this (sales tactics) I want to address this concern.

To my surprise there is almost no hard selling by the DVC guides who sell direct. I’ve done lots of different sales in my 25 ish years of work, and I will give credit to the direct guides for being professionals who avoid 95% of the hard selling tactics that I’ve seen used by many pros over the years. I heard this multiple times from Pete and his crew on the DVC Fans YouTube channel (that the direct guides don’t pressure you) and I agree. Pete seems like he is an excellent sales person who “could sell you your own jacket in winter” (a saying of high praise with no disrespect….. he has the charisma and charm to do it). After dealing with my direct guide for many months now, I agree.

Direct has it’s benefits and you have to decide what to do with your $$$. In this case we had already booked a stay at our WDW home resort and really wanted to consider adding on a few days at CCV. It’s a small resort that’s popular and has some availability issues. I also value the idea of having more direct points as there is a high % chance that one of the two resorts about to open in a year on the west coast (VDH) will be restricted. No push at all…. I called my guide, asked about some promotions we had discussed a few weeks prior, he agreed to honor them and we did the deal….

The delta of 55 dollars a point over the current “safe” ROFR floor for the resort did suck, but I got to book what we wanted at 11 months out. The delta was also less than what it would have cost to rent the points to book this one reservation and I have the extra points unrestricted for use at VDH, Poly2, etc. for many years. It made the pain more bearable for me.

Want to add on another 150 to 200 points at CCV in the next few years and there is a very high % chance those will be resale.

Good luck to you in your hunt for points be they direct or resale. May the ROFR monster be kind

I was thinking of contacting my guide about CCV points that we discussed a few weeks ago too. May I ask how long ago did you add on your CCV points at the discount? We discussed it then started focusing on VGF and never circled back. Direct would probably work best for me since I would like the option to use them at VDH. Thanks.

 

[NVDISFamily]

I was thinking of contacting my guide about CCV points that we discussed a few weeks ago too. May I ask how long ago did you add on your CCV points at the discount? We discussed it then started focusing on VGF and never circled back. Direct would probably work best for me since I would like the option to use them at VDH. Thanks.

It wasn’t much of a discount. When we were talking about CCV direct it was 225 a point so we had some numbers run with a few points there and a few points at VGF (as that’s what I thought I wanted). We then already had a trip planned to go see the resorts and in the middle of that planning and us getting on site it jumped to 240. We talked about CCV and did the tour but at the end went with Riviera on the trip. A few days after we came back home I realized I wanted to have at least a few points at CCV to be able to do a split stay (WL is just magical to us) so we asked if there was any way they could honor the 225. It wasn’t an immediate yes, but they were able to accommodate.

It sounds you also have our concern and are willing to think about paying way more for direct…. It’s not cheap but I do want to try and ninja in at VDH over the years and CCV is a long enough contract where it kind of makes sense…….

You might have luck getting the 225 if your guide has some documentation showing you had discussed this pricing already…. Wish you the best.

 

[CaptainAmerica]

Aulani closed. Finally.

 

[Ginamarie]

we’re waiting on a very similar deal! AKL 220 points $128pp, day 30 today! want to buy from an international seller if this one falls through, however we’re international too so I believe there’s a cost as we have to purchase something due to the tax

They usually won’t do an international seller with an international buyer.