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

[CaptainAmerica]

Did they cut staff in the past week or two or is everyone sick or on vacation......

The woman I spoke to in MS was wonderful. She told me that they had zero wait on their phone lines if you called in to make a reservation, but that the phone number for MS agents calling to talk to their supervisors about resale contract questions had a 40 minute wait. She led me to believe that it's just an insane volume of contracts that have closed recently.

 

[Nick_will]

Nick_will---$153-$15300-100-BCV-Oct-0/21, 149/22, 100/23- sent 7/6, passed 8/5, Seller pays 2022 MF

Pretty excited about this. The comment about BCV not getting taken may be correct

Nick_will---$153-$16115-100-BCV-Oct-0/21, 149/22, 100/23-Seller pays 22 MF, u- sent 7/6, passed 8/5

Updated to put closing costs.

 

[flipflopmom]

The woman I spoke to in MS was wonderful. She told me that they had zero wait on their phone lines if you called in to make a reservation, but that the phone number for MS agents calling to talk to their supervisors about resale contract questions had a 40 minute wait. She led me to believe that it's just an insane volume of contracts that have closed recently.

I wonder how Disney will respond. Does this lead to more ROFR trying to dissuade resale? Do they add more “Extras” as a way to entice more direct sales? Just keep the points load process slow? I’m sure they have ALL the data of percentage of direct vs resale points owners have, etc. To me, that sends some kind of message… just not sure how Disney will see it and if it’s enough for them to even care.

 

[Sandisw]

I wonder how Disney will respond. Does this lead to more ROFR trying to dissuade resale? Do they add more “Extras” as a way to entice more direct sales? Just keep the points load process slow? I’m sure they have ALL the data of percentage of direct vs resale points owners have, etc. To me, that sends some kind of message… just not sure how Disney will see it and if it’s enough for them to even care.

Typically they look at their own sales data and internal goals and base their decisions on that.

How much the volume of resale contracts plays into that is anyones guess. But they know it exists and hasn’t ever stopped them from doing some things that seem weird.

The direct sales for all these resorts they have taken is well below the number of points they are buying back so they want them for more than just sales.

 

[MICKIMINI]

You can ask the seller to bank them now for you.

Any decent broker should have suggested this to a newbie!

 

[Floridian From Afar]

approved? I'm so confused

Don't think Disney is buying back any Riviera at this point. Having said that, can't imagine they're too happy about their brand new resort selling so low. $135 for a 50 point contract is the lowest I've seen, especially considering it's such a low point contract.
I know a lot of people will say that the resale restrictions aren't significantly affecting Riviera's price, but I can't imagine the resort selling so low without them.

 

[CaptainAmerica]

The direct sales for all these resorts they have taken is well below the number of points they are buying back so they want them for more than just sales.

They want them for more than just *current* sales. They might want something cheap to sell if SHTF economically-speaking.

But you know my position on this. I don't think they actually want them at all. They just want resale to be expensive and stressful.

 

[Nursemanit]

Don't think Disney is buying back any Riviera at this point. Having said that, can't imagine they're too happy about their brand new resort selling so low. $135 for a 50 point contract is the lowest I've seen, especially considering it's such a low point contract.
I know a lot of people will say that the resale restrictions aren't significantly affecting Riviera's price, but I can't imagine the resort selling so low without them.

Once DVC sells its 6 million points they met their goal. The lower the resales are, the cheaper they can buy them back in ROFR. I bet they hope it starts going for 105 / point.

 

[CaptainAmerica]

Once DVC sells its 6 million points they met their goal. The lower the resales are, the cheaper they can buy them back in ROFR. I bet they hope it starts going for 105 / point.

They don't want cheap ROFR. When prices are cheap for Disney, it means they're cheap for buyers. When it's cheap for buyers, buyers are disincentivized to buy direct.

 

[Nursemanit]

They don't want cheap ROFR. When prices are cheap for Disney, it means they're cheap for buyers. When it's cheap for buyers, buyers are disincentivized to buy direct.

DVC does not have to care, there are tons of people who will buy direct regardless. You see them on this forum they will pay 100 extra a point for a blue card. That is the point of the restrictions, they make it so DVC can ignore the resale price.

Edit - It is also important to note that the cheapest stripped RR contract listed right now is at 144, and the average is 150 ish so 135 is an outlier.

 

[NVDISFamily]

They want them for more than just *current* sales. They might want something cheap to sell if SHTF economically-speaking.

But you know my position on this. I don't think they actually want them at all. They just want resale to be expensive and stressful.

I think Disney is making a similar bet to me, that this recession will slow activity a bit but not have a huge impact on prices due to inflation. I would not be shocked at all if things tick down a bit more on this market but I don't expect a massive drop. The "people in charge" seem keen to keep throwing fuel on the fire to prop up the economy as they fear a massive recession and loss of jobs more than anything. If 5% inflation is the new normal (read an article this AM saying that we could be moving off the 2% target to 4% for the foreseeable future), than buying a longer term "asset" (yes it's a long lease with costs....) such as DVC at current prices will be a benefit.

The only thing that kind of doesn't make 100% sense to me is the buy back of the 2042 resorts. But Disney can just convert these into cash stays and we all know that cash stays along with everything Disney sales rise rapidly to cover inflation + fat bonuses for executives.

I could be wrong, but I think we are in for this inflation for a long while so we may look back on this period as a great time to buy. Anything at 200 bucks a point may look like a steal when a BigMac costs 20 bucks in 10 years LOL.

 

[NVDISFamily]

DVC does not have to care, there are tons of people who will buy direct regardless. You see them on this forum they will pay 100 extra a point for a blue card. That is the point of the restrictions, they make it so DVC can ignore the resale price.

The delta on most of my direct points was in the 20 to 25 dollar a point range (vs resale). When you average that out over the life of the contract and the likely understanding that future resorts will be restricted, I value having those points direct. @MrsNVDISFamily and I were talking last night about how things might change in 2042 and how there were some rumors of Beach Club being rebuilt with a tower there due to the popularity. She would like to try and stay in that area sometime in the future and I said that as we get closer to 2042 and beyond there will be more options to do so.

VDH is actually more important to us as we are likely to visit Disneyland Resort over there years and we would love to try and ninja into rooms there over the years.

 

[Nursemanit]

The delta on most of my direct points was in the 20 to 25 dollar a point range (vs resale). When you average that out over the life of the contract and the likely understanding that future resorts will be restricted, I value having those points direct. @MrsNVDISFamily and I were talking last night about how things might change in 2042 and how there were some rumors of Beach Club being rebuilt with a tower there due to the popularity. She would like to try and stay in that area sometime in the future and I said that as we get closer to 2042 and beyond there will be more options to do so.

VDH is actually more important to us as we are likely to visit Disneyland Resort over there years and we would love to try and ninja into rooms there over the years.

I would also buy direct if the delta was under $40. I was about to buy 150 at GF until I saw the BPK rooms. I would not pay $250 for PVB when I could grab a resale for $160.

Edit , I will be 70 in 2042 so I really don't care about the expiration date. I will not buy a DVC contract at 70.

 

[esisson]

Esisson---$128-$16530-120-SSR-Apr-0/21, 0/22, 120/23, 120/24-Seller paying closin- sent 6/22, taken 8/3

 

[Sandisw]

They want them for more than just *current* sales. They might want something cheap to sell if SHTF economically-speaking.

But you know my position on this. I don't think they actually want them at all. They just want resale to be expensive and stressful.

Very well could be the reason....but some have always thought that they only take them because they have people waiting to buy them and that isn't the case. So, they have decided to pick up more for a different reason and now, that reason could be to make resale difficult or closer to direct!!!

Or, come fall/early next year when VGF is closer to sell out, they will bring back a sold out sale until VDH or Poly tower is ready to be sold!

 

[Sandisw]

Don't think Disney is buying back any Riviera at this point. Having said that, can't imagine they're too happy about their brand new resort selling so low. $135 for a 50 point contract is the lowest I've seen, especially considering it's such a low point contract.
I know a lot of people will say that the resale restrictions aren't significantly affecting Riviera's price, but I can't imagine the resort selling so low without them.

Honestly, I don't think they care because that was the whole point of restrictions....to make the product vastly different than buying the resort direct...so, to get RIV and all other resorts using your own membership, you do need to either buy direct, or buy both RIV resale and a L14 resale at this point.

If they stick with restrictions, then it won't just be RIV that is excluded...others will come along as well. This initial strategy had to be the long game not short and I imagine they went in expecting sales to be different, including resale.

But even so...$135/point for a resort that gives you only that resort is not too bad at this point. Of course, without restrictions it might go for more, but there has always been a typically drop of at least 30% when a resort in active sales begins to hit the resale market....being this is so different...its just not that far off that mark...yet....long term? All depends on the next move from DVD with future resorts and whether they want to keep these restrictions in place.

 

[dolphins-54]

dolphins54—$130-$20235-150-akv-mar-0/20,150/21,150/22,150/23-sent 7/7 taken 8/6
Now off to find one of those international seller listings

 

[geargrinder]

dolphins54—$130-$20235-150-akv-mar-0/20,150/21,150/22,150/23-sent 7/7 taken 8/6
Now off to find one of those international seller listings

That's exactly what I did. I've got another in ROFR right now. Had to pick another UY, but since it's my first contract not much issue.

Problem is, I found a dirt cheap OKW with an International Seller that has the same UY as the AKL. How deep in debt do I want to go?

 

[E2ME2]

That's exactly what I did. I've got another in ROFR right now. Had to pick another UY, but since it's my first contract not much issue.

Problem is, I found a dirt cheap OKW with an International Seller that has the same UY as the AKL. How deep in debt do I want to go?

Sorry, we don't provide debt-counseling here. Our primary goal is to enable and encourage "addonitis"!

 

[StoweFoSho]

The issue right now isn't loading points to your contract, it's getting the contract assigned to your member number (or a new member number created) in the first place. It's a Member Administration issue, not a Member Services issue.

I’m waiting on one from the end of July to be added. Unless there are a flood of resales, I’m feeling more and more like DVD and DVC are really trying to slow down the process and extend the time that it takes to buy resale. ROFR waivers are taking 30 or more days, MA is taking 4-8 weeks to add the contract to the dashboard, and then another 2 weeks for points to be loaded? Potentially 14 weeks for resale versus minutes for direct using the exact same system?

I’ve seen more and more people talk about just going direct because of the hassle and the timeline. Resale buyers have always put up with shenanigans in the timeline because there was savings, but this is getting crazy.