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

[Ginamarie]

Anyone else not able to look at properties on the fidelity site? I've been getting errors since last night and on multiple browsers.

Yup.

 

[Jimmy Geppetto]

Anyone else not able to look at properties on the fidelity site? I've been getting errors since last night and on multiple browsers.

And the award for the most error-prone DVC Broker goes to…..

***Drum roll****

 

[pianomanzano]

looks like people aren’t paying the admin fee! lol

 

[Sandisw]

Thank you for this info. I would love to know the source if you have it. There seems to not be much info about membership administration. Are these fees the 12.5% Management Fee of the resort budgets that we pay to them?

I can certainly understand why it's so easy to get direct points if there is a dedicated team for direct contracts. But there are also more members who are buying direct than who are buying resale (based on dvcnews showing 900 to 1900 contracts per month, the average seems to be about 1200 per month for 2022, versus DVC resale market's 2700 contracts through June or 450 avg per month. And yes, I know there are other brokers, but DVC Resale has the largest market share and that's what info I could find).

If staffing is the concern, then it appears that direct contract administration certainly gets staffed at a higher priority. Or the system prioritizes their entry faster- even before deeds are recorded.

Obviously, DVD is going to spend more to get direct contracts in place. I don't doubt that at all. And hopefully, members with resale contracts aren't waiting the full quoted time for the transfer, but it's such a disconnect that I don't think it's something that we should be okay with long-term. How many people complete a lengthy and expensive real estate transaction to buy a house and then after closing get told, "you can see the house in 6-8 weeks, and then you can probably move in within 1-2 weeks after that."

The membership fees go to DVCMC. DVD is the developer and a completely different division within TWDC Now they are certainly intertwined with each other.

My information came from reaching out to DVC and asking to talk to someone about questions I had. It was years ago but they directed me to someone.

The process to create a direct membership is faster and easier than resale. It’s just setting it up and loading points. Resale requires more

But, as I have shared, I have yet to find anything that the timeline for a developer to process the change of ownership of a set of points must be done in X days….

And this isn’t a normal real estate transaction that includes a physical property so it’s apples to oranges.

They can not legally stop an owner from having access to their contradict until they are notified that a sale has happened. They aren’t involved before that. Once notified, then it request the cancellation of the contract, removal from that owners membership, and all of it created.

It’s frustrating, no doubt.

 

[HappyThoughtsTees]

Just wondering, what was the lowest offer you ever made within this year? Is there such thing as “laughable?

I've made a few $85-$95/pt offers on Aulani contracts that were listed in the $120 range. Most countered within $5/pt of their original list price. Those contracts are going to be sitting on the market for quite some time, wouldn't be surprised if owners end up pulling them.

 

[MICKIMINI]

I've made a few $85-$95/pt offers on Aulani contracts that were listed in the $120 range. Most countered within $5/pt of their original list price. Those contracts are going to be sitting on the market for quite some time, wouldn't be surprised if owners end up pulling them.

I've seen two $90 OKW contracts pop up. International too! DH and I considered a lowball offer but wrong UY. The end of the year is coming and prices are being propped up by brokers and owners who will hold on as long as possible. Eventually, someone gives.

Be patient. Keep offering. Good luck!

 

[Jimmy Geppetto]

I've seen two $90 OKW contracts pop up. International too! DH and I considered a lowball offer but wrong UY. The end of the year is coming and prices are being propped up by brokers and owners who will hold on as long as possible. Eventually, someone gives.

Be patient. Keep offering. Good luck!

How low would you have bid?

 

[Ginamarie]

I've seen two $90 OKW contracts pop up. International too! DH and I considered a lowball offer but wrong UY. The end of the year is coming and prices are being propped up by brokers and owners who will hold on as long as possible. Eventually, someone gives.

Be patient. Keep offering. Good luck!

One of those IS my use year and I was very tempted.
If I didn’t have my heart set on other properties and/or the contract size was smaller, I would have gone for it. I just don’t need another 200+ points at OKW.

Ugh such a good deal though!

 

[Spinster Travel]

https://dvcnews.com/dvc-program/fin...nd-floridian-in-dvc-direct-sales-in-july-2022

For those who like to track Direct....

 

[MICKIMINI]

How low would you have bid?

We stopped at about $80-85 and just agreed it was too many points for the wrong UY LOL! Now, if it was OCT... If the asking price is $90, I don't see that 10% is off the mark AND it is International. I'm pretty sure they just want to dump it!

 

[TraJon]

One of those IS my use year and I was very tempted.
If I didn’t have my heart set on other properties and/or the contract size was smaller, I would have gone for it. I just don’t need another 200+ points at OKW.

Ugh such a good deal though!

Oh where oh where could I look for this? A hint?

 

[HIRyeDVC]

https://dvcnews.com/dvc-program/fin...nd-floridian-in-dvc-direct-sales-in-july-2022

For those who like to track Direct....

I'm actually impressed by these direct sales numbers. With all the talk of an economic downturn and recessions, Disney is still able to sell to a lot of first-time buyers. I'm especially impressed with Riviera direct sales, outselling VGF. And they're almost half sold out. I think they'll easily sell out well before Aulani. Disney sure can steer people the way they want them to go by jacking up the prices of OKW, SSR, and AKL without any incentives. Also, 50 direct contracts sold for AKL and CCV, which means the ROFR monster for those two resorts are still hungry. And seriously, which one of you bought the 3100 point Riviera contract?!?!?!?!?!?

 

[MICKIMINI]

https://dvcnews.com/dvc-program/fin...nd-floridian-in-dvc-direct-sales-in-july-2022

For those who like to track Direct....

WOW, DVC only sold 1005 OKW direct! Holy smokes, they are sitting on a boat load of points. Now OKW is of course the wild card with the 2057 issue, otherwise I can't imagine why they want so many points. Could we see a *fire sale*?

 

[MICKIMINI]

Oh where oh where could I look for this? A hint?

****************.com

Edit: I guess I can't say - sorry!

 

[pianomanzano]

Someone on FB is advertising a 220 pt BLT contract for $150/pt, international seller too!

 

[TraJon]

I'm actually impressed by these direct sales numbers. With all the talk of an economic downturn and recessions, Disney is still able to sell to a lot of first-time buyers. I'm especially impressed with Riviera direct sales, outselling VGF. And they're almost half sold out. I think they'll easily sell out well before Aulani. Disney sure can steer people the way they want them to go by jacking up the prices of OKW, SSR, and AKL without any incentives. Also, 50 direct contracts sold for AKL and CCV, which means the ROFR monster for those two resorts are still hungry. And seriously, which one of you bought the 3100 point Riviera contract?!?!?!?!?!?

They announced today that online prices for goods are at the lowest since Covid. Inflation price should come out tomorrow and it may be lower. Gas prices down and job growth up. We may not see what they were predicting. Who knows. Are resale prices lower in the fall typically? Are direct sales?

*I am sorry to announce it was not me who bought Riveria for 3100 points.

 

[pianomanzano]

I'm actually impressed by these direct sales numbers. With all the talk of an economic downturn and recessions, Disney is still able to sell to a lot of first-time buyers. I'm especially impressed with Riviera direct sales, outselling VGF. And they're almost half sold out. I think they'll easily sell out well before Aulani. Disney sure can steer people the way they want them to go by jacking up the prices of OKW, SSR, and AKL without any incentives. Also, 50 direct contracts sold for AKL and CCV, which means the ROFR monster for those two resorts are still hungry. And seriously, which one of you bought the 3100 point Riviera contract?!?!?!?!?!?

Last month they had some great incentives for RIV, 200pts at 176/pt and 300pts at 166/pt. Incentives for new members were great too, I'm sure that's what helped RIV outsell VGF.

 

[HIRyeDVC]

They announced today that online prices for goods are at the lowest since Covid. Inflation price should come out tomorrow and it may be lower. Gas prices down and job growth up. We may not see what they were predicting. Who knows. Are resale prices lower in the fall typically? Are direct sales?

*I am sorry to announce it was not me who bought Riveria for 3100 points.

the robust job market definitely is an encouraging sign the economy won't tank. It means people will still have discretionary income to buy non-essentials. I'm not sure of the DVC sales cycle but I do believe the fall and winter are slower with resale. Not sure about direct.

Last month they had some great incentives for RIV, 200pts at 176/pt and 300pts at 166/pt. Incentives for new members were great too, I'm sure that's what helped RIV outsell VGF.

Like I said, Disney sure knows how to steer people

 

[Arguetafamily]

Someone on FB is advertising a 220 pt BLT contract for $150/pt, international seller too!

Can you provide a link pretty please!

 

[Sandisw]

Can you provide a link pretty please!

We do not allow links to specific places on FB, nor name groups there…Sorry.