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

[rubybutt]

I'm not seeing any close to a $100 not even at $130. I guess you can negotiate a better price but not that much lower. Unless you are seeing inventory that I'm not?

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.

 

[wilkydelts]

There are quite a few RIV resales out right now. I haven't decided if it is worth trying to get these at $100 point or not....

I think that is part of the big plan by Disney for the new rules. Make resale less appealing so those that do sell, sell it low, they buy back and sell high with no restrictions

 

[rubybutt]

I think that is part of the big plan by Disney for the new rules. Make resale less appealing so those that do sell, sell it low, they buy back and sell high with no restrictions

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

 

[Pnyc1969]

Pnyc1969---$127-$21020-160-AKV-Feb-0/20, 0/21, 0/22, 160/23- sent 10/6, taken 10/29

 

[modavi]

Pnyc1969---$127-$21020-160-AKV-Feb-0/20, 0/21, 0/22, 160/23- sent 10/6, taken 10/29

I've still got my AKV contract pending. Same exact price as yours sent on the same exact date. Not holding my breath anymore I guess...

 

[Texndahlin]

I've still got my AKV contract pending. Same exact price as yours sent on the same exact date. Not holding my breath anymore I guess...

Ugh same here only worse i think $121 for 360 ... pending

 

[mmackeymouse]

$150-$8929-56-RIV-Jun-0/20, 0/21, 55/22, 56/23- sent 9/10, passed 10/7

 

[LadybugsMum]

$150-$8929-56-RIV-Jun-0/20, 56/21, 55/22, 56/23- sent 9/10, passed 10/7, closed 10/29

For closing and membership, post here: https://www.disboards.com/threads/closing-time-2021-edition.3836891/

 

[mmackeymouse]

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.

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.

 

[Jimmy Geppetto]

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.

Agreed. The only resort with an expiration beyond 2042 going for $100 per point is Aulani.

 

[rubybutt]

Agreed. The only resort with an expiration beyond 2042 going for $100 per point is Aulani.

I just signed a contract for AKV at $105. I am waiting on ROFR. I expect it to pass because it is an international seller. There were several under $110 last spring that were documented at AKV. These are just ones that passed ROFR.

Last month 50 contracts were ROFRd at AKV. The highest was $128 the lowest was $69. 56% that were ROFRd last month were under $100.

For BLT there were 8 contracts the past 2 months that were ROFRd. 7 of the contracts were between $100 and $110

There have been a few RIV under $110 that have been documented. 6% of RIV resale has been at or under $120. 12% of RIV resale have been at or over $150. There have been a couple under $110. There are usually around 10 RIV contracts available. Currently there are almost 20. That is enough for over 3 months worth of historic resale volume.

What I am saying is there is downward pressure on the market for some of these resorts. Currently BLT and AKV (and I assume SSR and OKW) resale prices are being propped up by ROFR. If ROFR decreases in amount taken back I am pretty certain prices will drop back to historic levels. This assumes that Disney does decrease the rate of ROFR.

Just because you don't know or see the low selling price for the contracts doesn't mean it doesn't happen.

All data from another website that has great info that I trust.

 

[Jimmy Geppetto]

Would love to believe you. But can only see what I can see.
Lots of websites exist for many things. Many of them with true information many of them without.

I’m sure you can appreciate my hesitancy to believe these data points. But if you trust it I’m sure there is a reason why. I’ll keep an eye out for your amazing grabs in the ROFR thread.

 

[Drewski77]

I just signed a contract for AKV at $105. I am waiting on ROFR. I expect it to pass because it is an international seller. There were several under $110 last spring that were documented at AKV. These are just ones that passed ROFR.

Last month 50 contracts were ROFRd at AKV. The highest was $128 the lowest was $69. 56% that were ROFRd last month were under $100.

For BLT there were 8 contracts the past 2 months that were ROFRd. 7 of the contracts were between $100 and $110

There have been a few RIV under $110 that have been documented. 6% of RIV resale has been at or under $120. 12% of RIV resale have been at or over $150. There have been a couple under $110. There are usually around 10 RIV contracts available. Currently there are almost 20. That is enough for over 3 months worth of historic resale volume.

What I am saying is there is downward pressure on the market for some of these resorts. Currently BLT and AKV (and I assume SSR and OKW) resale prices are being propped up by ROFR. If ROFR decreases in amount taken back I am pretty certain prices will drop back to historic levels. This assumes that Disney does decrease the rate of ROFR.

Just because you don't know or see the low selling price for the contracts doesn't mean it doesn't happen.

All data from another website that has great info that I trust.

How is it that Disney exercising ROFR is propping up prices when ROFR only happens when a person has agreed to pay that same price?

It is not like Disney is buying up contracts without a willing buyer also wanting to do so.

In other words, there wouldn’t be any ROFR without willing buyers. And as such, an increase in ROFR is indicative of increased market demand, not artificial propping up of prices by Disney.

And even in strong housing markets there are outliers that go for cheaper prices, but exceptions do not represent the overall market.

 

[rubybutt]

How is it that Disney exercising ROFR is propping up prices when ROFR only happens when a person has agreed to pay that same price?

It is not like Disney is buying up contracts without a willing buyer also wanting to do so.

In other words, there wouldn’t be any ROFR without willing buyers. And as such, an increase in ROFR is indicative of increased market demand, not artificial propping up of prices by Disney.

And even is strong housing markets there are outliers that go for cheaper prices, but exceptions do not represent the overall market.

Because there are 2 types of resale buyer. One group of buyers who want to get into the resort and will pay to make sure it passes ROFR The second group who want to pay the best price and hope it passes ROFR. If you take ROFR away then the first group of buyers have no economic reason to overpay for their contract.

 

[Drewski77]

Because there are 2 types of resale buyer. One group of buyers who want to get into the resort and will pay to make sure it passes ROFR The second group who want to pay the best price and hope it passes ROFR. If you take ROFR away then the first group of buyers have no economic reason to overpay for their contract.

I don’t have the same read on this as you:

As with every market, the buyer is only half of the equation. You also need a willing seller in order to get the price you want.

And the demand from buyers, and sellers not willing to sell at certain prices, will impact prices far greater than ROFR.

Plus, your premise is flawed: If a person’s primary concern was overpaying to pass ROFR…then that person would simply buy direct, which many do.

 

[rubybutt]

Would love to believe you. But can only see what I can see.

This seems to be our new national motto.

This takes way to much time to look up so I am only going to do this one. Look up on the comptroller: Deed - 20210580166. I hate to do this because it Doxes a seller, but here we go. You can then look up her name. You can see her and her husband bought a 160 point contract in March of 2012. Her husband is now dead and she sold a 160 point AKV contract on 9-27-21. She sold them for $96.25 per point each. Disney ROFRd them. Now you can see.

https://or.occompt.com/recorder/eagleweb/docSearch.jsp

 

[Theta]

I just signed a contract for AKV at $105. I am waiting on ROFR. I expect it to pass because it is an international seller. There were several under $110 last spring that were documented at AKV. These are just ones that passed ROFR.

Last month 50 contracts were ROFRd at AKV. The highest was $128 the lowest was $69. 56% that were ROFRd last month were under $100.

For BLT there were 8 contracts the past 2 months that were ROFRd. 7 of the contracts were between $100 and $110

There have been a few RIV under $110 that have been documented. 6% of RIV resale has been at or under $120. 12% of RIV resale have been at or over $150. There have been a couple under $110. There are usually around 10 RIV contracts available. Currently there are almost 20. That is enough for over 3 months worth of historic resale volume.

What I am saying is there is downward pressure on the market for some of these resorts. Currently BLT and AKV (and I assume SSR and OKW) resale prices are being propped up by ROFR. If ROFR decreases in amount taken back I am pretty certain prices will drop back to historic levels. This assumes that Disney does decrease the rate of ROFR.

Just because you don't know or see the low selling price for the contracts doesn't mean it doesn't happen.

All data from another website that has great info that I trust.

Where does one find these AKV contracts at just over $100 or BLT for $100-$110?

 

[rubybutt]

Where does one find these AKV contracts at just over $100 or BLT for $100-$110?

Not on the sponsor's website.

 

[Drewski77]

Where does one find these AKV contracts at just over $100 or BLT for $100-$110?

The few would potentially be from distressed sellers like the one example of a person’s spouse passing away.

There are always distressed sellers, but when it is only a handful of distressed sellers, these sales are not indicative of the market.

 

[Jimmy Geppetto]

This seems to be our new national motto.

This takes way to much time to look up so I am only going to do this one. Look up on the comptroller: Deed - 20210580166. I hate to do this because it Doxes a seller, but here we go. You can then look up her name. You can see her and her husband bought a 160 point contract in March of 2012. Her husband is now dead and she sold a 160 point AKV contract on 9-27-21. She sold them for $96.25 per point each. Disney ROFRd them. Now you can see.

https://or.occompt.com/recorder/eagleweb/docSearch.jsp

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.