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

[mrsap]

NV

Oh no! What resort? We are at day 23, and I am nervous nelly.

SSR

 

[Keppyslinger]

Are you sure that the listing wasn't actually a Grand Californian listing?

I was right up until you said something.
You are totally right. My bad.

 

[TraJon]

SSR

Good luck!

 

[mrsap]

Good luck!

Thank you! You too!

 

[TraJon]

I'm assuming SSR based on the 1st page of this thread. I'm at day 30 now for SSR myself.

Thanks!! I hope you hear soon.. I tell myself it’s worth it in the end.

 

[Nursemanit]

I don’t think Disney is in any rush to sell out Aulani. Sure they’ll have some nice incentives once in awhile. But I think they’re doing just fine using the unsold points for cash bookings. If you’re looking for a sub contract, they pop up once in awhile on the resale listings. And I wouldn’t pay more than $130pp for it. I bought mine for $125pp but it was a loaded contract.

Exactly- same with RR - they don't seem to care about sales timelines. Is it possible that they have factored in servicing in the debt to the maintenance?

 

[Ginamarie]

Thanks. Based on your post I did a bit more research and found out that the sub dues AUL were due to a forecasting error when the resort was first sold. I thought they were a marketing promo to help get sales going during a down time.

Where there goes my dream of super cheap AUL with sub dues direct. I was hopeful that they might just go crazy fire sale mode in the coming few years and offer something like that

It’s still nice to dream!!

 

[Ginamarie]

I saw BLT 50 pointer listed for $140 today.
Not my use year.
Almost definitely will be taken in ROFR.

I was still really tempted to bid on it.

 

[quakerlaw]

quakerlaw---$175-$17869-100-BLT-Feb-0/21, 0/22, 186/23-seller pays 50% CC- sent 7/22

 

[DonMacGregor]

I don’t think Disney is in any rush to sell out Aulani. Sure they’ll have some nice incentives once in awhile. But I think they’re doing just fine using the unsold points for cash bookings.

This has always been my contention.

 

[Sandisw]

Exactly- same with RR - they don't seem to care about sales timelines. Is it possible that they have factored in servicing in the debt to the maintenance?

The sales timeline for RIV isn’t that far off given the impacts of the pandemic which may never be known fully. 6 million points takes a long time to sell, even if it was averaging 100k which would be considered strong, it would take 5 years, and it’s only been 3 years and 3 months.

However, what is not declared into DVC can be rented by Disney for cash. Given how popular the resort is..here now and talked to many cash guests..I don’t think it’s a major issue if it takes a bit longer since they are getting guests.

 

[Jimmy Geppetto]

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

All you need is an ITIN. Most FIRPTA specialists will charge you $50 to do that for you if all you are doing is buying. When both buyer and seller are international, it’s very important that you ask for proof from the title insurer that the sellers FIRPTA was collected and paid to the IRS, otherwise the IRS can come back to the buyer to collect those taxes. That’s why some Brokers don’t recommend international buyers buy from international sellers.

 

[DisneyKim41]

I saw BLT 50 pointer listed for $140 today.
Not my use year.
Almost definitely will be taken in ROFR.

I was still really tempted to bid on it.

I've seen several low contracts. I think most people are scared to bid because there is no way it will pass. Honestly I'm not sure why I keep checking listings because I tell myself we aren't buying anything else for awhile.

 

[Nursemanit]

The sales timeline for RIV isn’t that far off given the impacts of the pandemic which may never be known fully. 6 million points takes a long time to sell, even if it was averaging 100k which would be considered strong, it would take 5 years, and it’s only been 3 years and 3 months.

However, what is not declared into DVC can be rented by Disney for cash. Given how popular the resort is..here now and talked to many cash guests..I don’t think it’s a major issue if it takes a bit longer since they are getting guests.

We are both basically saying the same thing- DVC is not panicked about the timeline so they are not going to have a firesale any time soon. Best to accept that the current price is only going to go north.

SSR however is another case- I would not be buying resale when DVC is buying 40% - Competition with DVC is fruitless

 

[CarolynFH]

Based on your post I did a bit more research and found out that the sub dues AUL were due to a forecasting error when the resort was first sold. I thought they were a marketing promo to help get sales going during a down time.

Just FYI - the state of Hawaii apparently felt that the “forecasting error” was intentional, and DVD had to pause sales of Aulani while they corrected it. The issue was serious enough that 3 high-level DVC executives, including the VP Jim Lewis, lost their jobs. These links may be of interest:

https://www.dvcnews.com/resorts/aul...pdate-on-aulani-sales-dues-subsidy-for-owners

https://www.dvcnews.com/index.php/dvc-program/owning-dvc/1670-jim-lewis-out-at-dvc.

 

[npatellye]

I saw BLT 50 pointer listed for $140 today.
Not my use year.
Almost definitely will be taken in ROFR.

I was still really tempted to bid on it.

That caught my eye and I’m not even looking

 

[Ginamarie]

I've seen several low contracts. I think most people are scared to bid because there is no way it will pass. Honestly I'm not sure why I keep checking listings because I tell myself we aren't buying anything else for awhile.

I am always looking!! A dangerous pastime, I know.

 

[Jimmy Geppetto]

Just FYI - the state of Hawaii apparently felt that the “forecasting error” was intentional, and DVD had to pause sales of Aulani while they corrected it. The issue was serious enough that 3 high-level DVC executives, including the VP Jim Lewis, lost their jobs. These links may be of interest:

https://www.dvcnews.com/resorts/aul...pdate-on-aulani-sales-dues-subsidy-for-owners

https://www.dvcnews.com/index.php/dvc-program/owning-dvc/1670-jim-lewis-out-at-dvc.

Does anyone know if the Transient Accommodation Tax is lower for stays using subsidized points?

 

[The_MT]

I am always looking!! A dangerous pastime, I know.

Me too!

 

[Unclelude]

Does anyone know if the Transient Accommodation Tax is lower for stays using subsidized points?

My guess would be no. I think the tax is based on value of the room/stay... We stayed there on SSR points, not sure how they would do that math... Good question though... Not sure.