ROFR Thread Oct to Dec 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[CastAStone]

I have gotten the sense that DVC is looking to clear at least 35% on a buy->resell. That’s an estimation based on my observation of what they do in ROFR and how they raise the price on sold out resorts.

Even though $80/pt is a lot of money, it’s not 35% of $310.

More speculation but I imagine it comes down the the metrics the division is held accountable to. Total dollars of profit delivered may not be a high enough priority in their metrics compared to margin or total points sold or whatever.

My former division head once told me he tells his boss “be careful what you metric me on, because that’s what I’m going to do”. I think that’s a pretty widely held viewpoint.

 

[AstroBlasters]

No, they don’t have to reallocate back to MFs. I just think when they have enough points to sell elsewhere they don’t need to chase such small numbers of profit.

They were buying back OKW @ $80pp to sell it direct at $130pp… so that’s a $50pp margin.

I get that $50 profit is a 62% return on $80 cost of capital and $80 profit is a 35% profit on a $230 cost of capital… but I would still ROFR VGC if I were them until they know the direct demand for add ons is gone. At the very least it makes VDH look like a more affordable option on the upfront price.

(yes I’m sure there are some more costs involved that just the purchase price to come to the profit number)

 

[RMDVC24]

TinkAgainU---$116-$5843-40-AKV-Mar-0/23, 0/24, 80/25, 40/26-Buyer Paying Svc Fee- sent 9/3, passed 9/30

Half tempted not to post this, some of you big-time negotiators make the rest of us look like we're not even trying lol. But it was my UseYear at least.

Oh, and ROFR was not stressful at all at this price

Congrats!

DVC is all about what works for you and your family. Getting a great deal is fun and all, but not as fun using points on magical vacations!

 

[VGCgroupie]

TinkAgainU---$116-$5843-40-AKV-Mar-0/23, 0/24, 80/25, 40/26-Buyer Paying Svc Fee- sent 9/3, passed 9/30

Half tempted not to post this, some of you big-time negotiators make the rest of us look like we're not even trying lol. But it was my UseYear at least.

Oh, and ROFR was not stressful at all at this price

Not bad on a 40 pointer. Heck there is a few 200 point+ listed at $115

 

[CarolynFH]

Would DVD have to allocate that profit back to reducing the MFs, so it's simply not a big motivator?

Disney Vacation Development (DVD) profits have nothing to do with Disney Vacation Club resort condominium associations' operating and maintenance expenses, so would never be applied toward owners' maintenance fees.

 

[WinterSolider]

Half tempted not to post this, some of you big-time negotiators make the rest of us look like we're not even trying lol. But it was my UseYear at least.

I have the opposite problem. Negotiating way too hardcore and just getting rejected left and right.

 

[AwfulWaffle]

Nice one, congrats! Why is your total $1500 higher than what you are paying for the points? You absolutely should not pay the 2024 dues for points that you’re not receiving!

Closing cost.

 

[PossumPants]

PossumPants---$93.75-$17171-160-AKV-Sep-0/23, 320/24, 160/25- sent 8/29, passed 10/2

Super happy for our first contract!

 

[Lucky Wall-E]

Closing cost.

I assume they are also asking for 2025 dues upfront to be paid at the time of closing because 1500 seems alot for just closing costs.

 

[TinkAgainU]

PossumPants---$93.75-$17171-160-AKV-Sep-0/23, 320/24, 160/25- sent 8/29, passed 10/2

Super happy for our first contract!

I should have quit following the thread after I posted my AKV purchase at $116 per point (Plus I paid the silly www.fidelityrealestate.com service fee) lol. You did really Great! Enjoy!

 

[DoggoneVGC]

I agree. After filling a backlog of current owners wanting to add on, it would be easy for Disney to say to prospective West Coast buyers “Do you want VGC at $310pp or VDH at $210pp?”

Exactly we had our guide looking every day for us for direct VGC contracts in the 70 to 100 pt range. Now we have resale for 160 pts @ $230. Still checking each day for when the points are in my account even though it’s still probably a few more weeks.

 

[wmm1126]

wmm1126---$100-$10000-100-AKV-Dec-0/22, 0/23, 0/24, 100/25-seller pays closing- sent 9/30

Really excited about this! Will have 200 AKL points now

 

[LittleBitGoofy]

Someone on FB says they were ROFRd today with AKV at $92/pt on a medium sized contract.

 

[Disney.dad]

Someone on FB says they were ROFRd today with AKV at $92/pt on a medium sized contract.

We got ROFRed at $88, or $89 a point this week on a 100 point animal kingdom but it was loaded. We had signed the contract the day before all the news dropped about ROFR on animal kingdom’s starting to be taken.

 

[N_kwi]

Just here to be jealous of these PVB prices…we paid so much more for an offer accepted 7/15, and still haven’t gotten our account or points yet. Should have waited! Congrats to you guys! Great prices! Enjoy your vacations!

 

[mollys_aunt]

Just here to be jealous of these PVB prices…we paid so much more for an offer accepted 7/15, and still haven’t gotten our account or points yet. Should have waited! Congrats to you guys! Great prices! Enjoy your vacations!

I have to admit. I was pleasantly surprised to hear back in 26 days. Fingers crossed this type of response continues.

 

[Brian Noble]

why they don't ROFR and resell when they obviously have standing requests for some resorts. Sure seems like that is easy money they leave on the table.

I have gotten the sense that DVC is looking to clear at least 35% on a buy->resell.

And that makes a lot of sense.

In the timeshare industry, the cost of brick-and-mortar is generally about 1/4 to 1/3 of the total cost basis. I did an analysis once comparing to some whole-ownership condos in Orlando to figure that even at Disney's presumably-bloated construction costs (shakes-fist-at-Imagineering), the break-even point of build-new vs. ROFR is a lot lower than most people think.

https://www.disboards.com/threads/future-of-riveria.3910632/post-64626527

 

[pkrieger2287]

Check out the September 2024 Right of First Refusal (ROFR) report from our friends at the DVC Resale Market!

https://www.dvcresalemarket.com/blo...er-24/?utm_source=partner&utm_campaign=dvcfan

#disneyvacationclub #dvc #timeshare #disneyparks #disney

 

[RyanJS]

Second contract, no more....

RyanJS---$127-$29019-220-CCV@WL-Feb-0/24, 222/25, 220/26- sent 10/3

 

[VGCgroupie]

Second contract, no more....

RyanJS---$127-$29019-220-CCV@WL-Feb-0/24, 222/25, 220/26- sent 10/3

Famous last words