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

[Chia1974]

So I’m close to a deal on another VGF contract. $165 pp with full 2020 and 2021 points. I know it is taboo to talk about before you have a deal but I don’t really need more points. Part of me says, to go for it and part of me says to wait and see what the pricing is of VGF2.

What would you do?

Unless you want more direct points. Otherwise go for it and sell one of your contract.

 

[Chia1974]

Maybe it's just transposed letters. GFLO makes far more sense.

I copied and pasted what he wrote. Lol

 

[Where'sPiglet?]

I copied and pasted what he wrote. Lol

I get that part. I'm wondering if the guide transposed the F and L while typing.

 

[HIRyeDVC]

So I’m close to a deal on another VGF contract. $165 pp with full 2020 and 2021 points. I know it is taboo to talk about before you have a deal but I don’t really need more points. Part of me says, to go for it and part of me says to wait and see what the pricing is of VGF2.

What would you do?

That is a great price for VGF. I foresee VGF2 being priced at $250pp.

 

[Adg0428]

Deleted

 

[Nick_will]

nick_will---$125-$18750-150-OKW-Oct-0/20, 103/21, 150/22- sent 11/5, passed 11/19

Super fast!

nick_will--$120-$14400-120-Riviera-Sep-0/21, 107/22- sent 11/16

I know the resale restrictions but thought this was just too good of a price.

 

[JGINPL]

nick_will---$125-$18750-150-OKW-Oct-0/20, 103/21, 150/22- sent 11/5, passed 11/19

Super fast!

nick_will--$120-$14400-120-Riviera-Sep-0/21, 107/22- sent 11/16

I know the resale restrictions but thought this was just too good of a price.

Great price on that Riviera!!

 

[Ruttangel]

nick_will---$125-$18750-150-OKW-Oct-0/20, 103/21, 150/22- sent 11/5, passed 11/19

Super fast!

nick_will--$120-$14400-120-Riviera-Sep-0/21, 107/22- sent 11/16

I know the resale restrictions but thought this was just too good of a price.

Nice one, especially as this live auction finished at $141 and still reserve not met!
https://dvcresaleauctions.com/auction-details/?auction_id=36

 

[kandlsutton]

So I’m close to a deal on another VGF contract. $165 pp with full 2020 and 2021 points. I know it is taboo to talk about before you have a deal but I don’t really need more points. Part of me says, to go for it and part of me says to wait and see what the pricing is of VGF2.

What would you do?

Had the same question a few months ago. Got a small 55 point VGF for $175 and wasn’t loaded. I would go for it because as PP commented, direct points won’t be at $165, even with incentives IMO, unless it’s a LARGE contract. If you want the flexibility to book at RIV, I would wait and see where direct prices start.

 

[HIRyeDVC]

Nice one, especially as this live auction finished at $141 and still reserve not met!
https://dvcresaleauctions.com/auction-details/?auction_id=36

I never knew about this resale auction site. thanks! Btw, Riviera resale should be selling around $120pp IMO because of the resale restriction. I guess people value it higher.

 

[DKZB]

Had the same question a few months ago. Got a small 55 point VGF for $175 and wasn’t loaded. I would go for it because as PP commented, direct points won’t be at $165, even with incentives IMO, unless it’s a LARGE contract. If you want the flexibility to book at RIV, I would wait and see where direct prices start.

My other 1/2 doesn't think we need it so I am sure that factors in. Im really torn! I know it won't be $165 but i have no direct points so we considered adding 150 direct for Blue card and to use at RIV even though it will be more $$. I know that is probably not rational since I have friends with direct points whom I can trade if I really want to book RIV and how much will I really save with the blue card?

 

[DKZB]

I never knew about this resale auction site. thanks! Btw, Riviera resale should be selling around $120pp IMO because of the resale restriction. I guess people value it higher.

Interesting. Never heard of that site

 

[Jimmy Geppetto]

I never knew about this resale auction site. thanks! Btw, Riviera resale should be selling around $120pp IMO because of the resale restriction. I guess people value it higher.

I agree.The problem with RIV resales today is that many Sellers can’t take much less than $140 because they are mortgaged. I’ve had multiple Brokers tell me this.

 

[JETSDAD]

Looks to just be another option offered by an existing broker. With the reserves I'm guessing that there won't really be any deals to be had but you never know. Should be interesting to watch anyways!

 

[DonMacGregor]

Looks to just be another option offered by an existing broker. With the reserves I'm guessing that there won't really be any deals to be had but you never know. Should be interesting to watch anyways!

Seems like it could be a waste of time. Depending on where the reserve is set, you could spend days bidding on a contract that either never meets its reserve, or closes at a price point at or below current ROFR. Then, after “winning” on the auction, you get to wait another 2 or 3 weeks to “lose” at ROFR.

If you meet the reserve, win the auction, and end up at a price point high enough to clear ROFR, what have you gained over the normal process?

 

[Ruttangel]

I never knew about this resale auction site. thanks! Btw, Riviera resale should be selling around $120pp IMO because of the resale restriction. I guess people value it higher.

Yeah, completely agree....it's definitely got some ambitious listings out there

 

[Ruttangel]

Seems like it could be a waste of time. Depending on where the reserve is set, you could spend days bidding on a contract that either never meets its reserve, or closes at a price point at or below current ROFR. Then, after “winning” on the auction, you get to wait another 2 or 3 weeks to “lose” at ROFR.

If you meet the reserve, win the auction, and end up at a price point high enough to clear ROFR, what have you gained over the normal process?

Exactly, there was a 25 BCV contract last week that finished at $196 and still said reserve not met!!

 

[JETSDAD]

Seems like it could be a waste of time. Depending on where the reserve is set, you could spend days bidding on a contract that either never meets its reserve, or closes at a price point at or below current ROFR. Then, after “winning” on the auction, you get to wait another 2 or 3 weeks to “lose” at ROFR.

If you meet the reserve, win the auction, and end up at a price point high enough to clear ROFR, what have you gained over the normal process?

I mean I kind of like the idea of it if handled well. If the listings were essentially posted at the seller's bottomline with no reserve and everyone knew it would sell no matter what then it could actually be a more transparent method of selling even if the prices end up being similar to other sales.

 

[HIRyeDVC]

I agree.The problem with RIV resales today is that many Sellers can’t take much less than $140 because they are mortgaged. I’ve had multiple Brokers tell me this.

It’s unfortunate for those people underwater but it still shouldn’t be driving actual final prices. It’s the people still willing to pay $140-$150pp that is driving the market. I don‘t know why since Disney would never ROFR them back anyway.

 

[Ginamarie]

See a lot of BRVs are starting to get taken. I cannot remember the last few years seeing this many not making it through ROFR

I have to think with the refurb coming, they’re expecting to sell more points there. I wouldn’t be surprised if we start seeing more information about the refurb soon.