ROFR Thread Oct to Dec 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Mai Ku Tiki]

I follow you all the way up to the "sold them for $96.25 pp". I gather yes, Disney ROFRd them since Disney is the Grantee, but cant see how you uncovered it was done at $96.25. I can see she purchased it for approximately the same price back in 2012.

One other item of note, this could have been a seller who responded to the mass emails DVC sent out regarding "buy backs". It may not have even hit the open resale market.

 

[Mai Ku Tiki]

Also, given seller's situation this may have been a transaction between family or friends w/o profit being the goal.

 

[rubybutt]

I follow you all the way up to the "sold them for $96.25 pp". I gather yes, Disney ROFRd them since Disney is the Grantee, but cant see how you uncovered it was done at $96.25. I can see she purchased it for approximately the same price back in 2012.

One other item of note, this could have been a seller who responded to the mass emails DVC sent out regarding "buy backs". It may not have even hit the open resale market.

I was hoping you weren't going to ask this question because I don't have the direct source. But I trust those that have. If you take the tax paid and divide by .007 then you get the total price. You then divide by points and get per point. Several people mimic this same number, and it works for my contracts. I am sure it is fairly easy to uncover by spending time on the comptroller website, but I haven't found the specific law that says the tax is .7% of the selling price. I am sure you can find it on the official website.

As an aside I have no financial dog in this. I just find it interesting. I am not a broker, seller, web site operator, or otherwise have money flowing to me. Only benefit I have by higher prices is my contracts are worth more if I choose to resell.

As far as someone mentioning "handful of distressed sellers" and "not indicative of the market" It IS the market. It doesn't matter why someone buys or sells. It just is. My point earlier is that there are some sellers that are willing for whatever reason to sell for less than other sellers. Just as some are willing to spend more than others, whether resale or direct. It doesn't matter. It is all the market.

 

[rubybutt]

Also, given seller's situation this may have been a transaction between family or friends w/o profit being the goal.

That would be a gratuitous transfer if they have any sense and it doesn't go through ROFR

 

[Jimmy Geppetto]

I was hoping you weren't going to ask this question because I don't have the direct source. But I trust those that have. If you take the tax paid and divide by .007 then you get the total price. You then divide by points and get per point. Several people mimic this same number, and it works for my contracts. I am sure it is fairly easy to uncover by spending time on the comptroller website, but I haven't found the specific law that says the tax is .7% of the selling price. I am sure you can find it on the official website.

As an aside I have no financial dog in this. I just find it interesting. I am not a broker, seller, web site operator, or otherwise have money flowing to me. Only benefit I have by higher prices is my contracts are worth more if I choose to resell.

As far as someone mentioning "handful of distressed sellers" and "not indicative of the market" It IS the market. It doesn't matter why someone buys or sells. It just is. My point earlier is that there are some sellers that are willing for whatever reason to sell for less than other sellers. Just as some are willing to spend more than others, whether resale or direct. It doesn't matter. It is all the market.

I appreciate where you are coming from. I'm in agreement with your commentary regarding the economics of the market. Obviously I was going to ask the question. I'm in search of proof. You've brought the horse to water, and for that, I thank you. Truly appreciate it.

 

[Drewski77]

I was hoping you weren't going to ask this question because I don't have the direct source. But I trust those that have. If you take the tax paid and divide by .007 then you get the total price. You then divide by points and get per point. Several people mimic this same number, and it works for my contracts. I am sure it is fairly easy to uncover by spending time on the comptroller website, but I haven't found the specific law that says the tax is .7% of the selling price. I am sure you can find it on the official website.

As an aside I have no financial dog in this. I just find it interesting. I am not a broker, seller, web site operator, or otherwise have money flowing to me. Only benefit I have by higher prices is my contracts are worth more if I choose to resell.

As far as someone mentioning "handful of distressed sellers" and "not indicative of the market" It IS the market. It doesn't matter why someone buys or sells. It just is. My point earlier is that there are some sellers that are willing for whatever reason to sell for less than other sellers. Just as some are willing to spend more than others, whether resale or direct. It doesn't matter. It is all the market.

OK, if distressed sellers represent a large part of the market, can you forward some listings for AKV at below $100, and SSR at $100 or below?

 

[Jimmy Geppetto]

OK, if distressed sellers represent a large part of the market, can you forward some listings for AKV at below $100, and SSR at $100 or below?

Won't be able to share them as non-sponsored sites are blocked.

Keep in mind that people can sell contracts through other channels such as ebay, Facebook etc.

 

[Drewski77]

Won't be able to share them as non-sponsored sites are blocked.

Keep in mind that people can sell contracts through other channels such as ebay, Facebook etc.

I don’t think it’s the inability to share them that is the primary reason contracts at these prices aren’t visible to most of us…it was more of a rhetorical question.

And I doubt Facebook and EBay represent a large resale market for DVC.

With that said, I’d gladly buy a ton of SSR points at $100 and below if only to rent them out for a nice return, but I at least am not seeing any of these contracts readily available…or any of them.

 

[Jimmy Geppetto]

I don’t think it’s the inability to share them that is the primary reason contracts at these prices aren’t visible to most of us…it was more of a rhetorical question.

And I doubt Facebook and EBay represent a large resale market for DVC.

With that said, I’d gladly buy a ton of SSR points at $100 and below if only to rent them out for a nice return, but I at least am not seeing any of these contracts readily available…or any of them.

I haven’t seen them either. But they are happening. The OC Comptroller confirms it. My take is that it’s likely non-educated buyers selling to Disney.
There are sellers out there who need to sell ASAP. That will only increase when MF statements come out!

 

[Drewski77]

I haven’t seen them either. But they are happening. The OC Comptroller confirms it. My take is that it’s likely non-educated buyers selling to Disney.
There are sellers out there who need to sell ASAP. That will only increase when MF statements come out!

I definitely don’t disagree that they are out there, but distressed sales are always out there. So it isn’t really a new thing or a sign of a big drop in prices.

That drop might come, but it will be when contracts on the primary resale sites are showing that.

Would be nice to add on at some cheaper prices, so I’ll be keeping a watch.

 

[eMoneyBug]

the lowest I see is around $145. Doesn't mean you can't offer $100. There is a glut right now of them. The only people selling are people who hated their initial choice or are in a bind. Something has to give. If you are the only offer, they might take it.

Let me/us know when you see more ~300 point RIV contracts for bargain prices

 

[mtgtm4]

mtgtm4---$155-$25250-150-CCV@WL-Aug-0/20, 104/21, 150/22, 150/23- sent 10/15, taken 10/30

 

[stlrod]

the lowest I see is around $145. Doesn't mean you can't offer $100. There is a glut right now of them. The only people selling are people who hated their initial choice or are in a bind. Something has to give. If you are the only offer, they might take it.

Many of the RIV contracts are listed at multiple sites so there is not a glut.

 

[StacyLovesDisney]

mtgtm4---$155-$25250-150-CCV@WL-Aug-0/20, 104/21, 150/22, 150/23- sent 10/15, taken 10/30

 

[gskywalker]

mtgtm4---$155-$25250-150-CCV@WL-Aug-0/20, 104/21, 150/22, 150/23- sent 10/15, taken 10/30

Sorry to hear. I agreed to this type of contract except without 21 points and wondered whether it is too high for a good deal that likely will go through. Yet $155 was taken

 

[Sandisw]

Won't be able to share them as non-sponsored sites are blocked.

Keep in mind that people can sell contracts through other channels such as ebay, Facebook etc.

That is not true. There are plenty of sites that can be discussed. It has nothing to do with not being a sponsor.

 

[Paul Stupin]

Is there a glut? I haven't seen a huge number of them available across the various resale sites.

Sure you can offer $100. You can offer $5 if you want. I offered $140 on a $160 asking, and we ended up meeting in the middle, but they definitely weren't coming down to $140. I really can't see anyone taking $100/pt for Riviera. Even if they are in a bind.

At $100 a point, they would be better off renting out their points.

I think you got a fair deal. Of course everyone does things differently, but the thought of making lowball offer after lowball offer for months on end, and when one is accepted facing a likelihood of ROFR, and then doing it all over again when it gets taken, just sounds exhausting. And when you look at the savings over the life of the contract compared to dues, it’s often not that much. I guess to some buyers its just a ever ending game. That’s fine, just not for me.

 

[DKZB]

That is not true. There are plenty of sites that can be discussed. It has nothing to do with not being a sponsor.

While this may be true, there are a number of websites that are blocked that may be helpful. I love the community on this website and respect that the moderators/owners have the right to block anything they wish. That said, I think we would all benefit from a little bit more transparency on this.

 

[Pnyc1969]

possibly, but they aren't going to ROFR RIV right now.

If my second try at AKV gets taken at ROFR, I may try at Riv since they are not taking it back right now.

 

[pianomanzano]

If my second try at AKV gets taken at ROFR, I may try at Riv since they are not taking it back right now.

Just remember that you can only use RIV resale points at RIV.