ROFR Thread Oct to Dec 2025 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[PadensAtTheCastle]

I thought things were shut down the 1-17th but they are still passing ROFR. Is it just closings that are on pause during this time?

 

[VGCgroupie]

I wonder how many people will be okay with this fee, if it takes the old ROFR timeframe to under a month????

I think everyone will accept it come early next year. For me it would be the quicker time for loading points not ROFR. I hated that the previous owner still had access to MY points for so long after closing. It was a huge stress.

 

[melissa70]

Melissa70---$129-$28500-200-BLT-Feb-0/24, 11/25, 200/26, 200/27-Seller pays half of closing-sent 11/17

Passed today!

 

[AstroBlasters]

I thought things were shut down the 1-17th but they are still passing ROFR. Is it just closings that are on pause during this time?

I believe that they won’t process new member IDs or loading points. It causes quite a log jam.

 

[AstroBlasters]

For now.

History shows that if prices continue to drop, DVC may well lose its appetite.

Of course. But if they feel good about the ability to sell through at a $100 point spread at the moment then it’s pretty easy money.

 

[WLB2025]

Update
WLB2025---$126-$34720-250-BCV-Feb-0/24, 0/25, 500/26, 250/27- sent 11/19, passed 12/3

 

[Brian Noble]

if they feel good about the ability to sell through at a $100 point spread at the moment then it’s pretty easy money.

That's still probably not low enough.

Post in thread 'Future of Riveria'

Feb 22, 2023

I think ultimately they would like to buy back all resale points and resell them directly.

Only at the right price.

The general rule of thumb in the timeshare industry is that the "cost of inventory" is at most somewhere between 1/4 and 1/3 of the total cost of the product you are selling. (The biggest cost component? Marketing at 40-50%.) That's cost not sales price. So even if they weren't making a dime of profit on any sale, it's better to build a shiny new resort than to ROFR a resale at anything more than about 1/3 of the direct price. Because there is...

• Brian Noble

• 

Though I am at a bit of a loss as to why they took these back, given what I am guessing about values.

 

[Beachclubloverahoy]

Fastest ROFR ever submitted OKW on 11/24 and got news today that it passed!

 

[lorie13]

I have been wanting a BCV for a long time, finally the heart won over the head

lorie13---$115-$25540-200-BCV-Apr-0/24, 0/25, 400/26, 200/27-seller pays MF '25- sent 11/19

lorie13---$115-$25540-200-BCV-Apr-0/24, 0/25, 400/26, 200/27-seller pays MF '25- sent 11/19, passed 12/3

Wow only two weeks in ROFR

 

[AstroBlasters]

Fastest ROFR ever submitted OKW on 11/24 and got news today that it passed!

I had a VGC in 2023 that passed in 3 days.

 

[AstroBlasters]

That's still probably not low enough.

Post in thread 'Future of Riveria'

Feb 22, 2023

I think ultimately they would like to buy back all resale points and resell them directly.

Only at the right price.

The general rule of thumb in the timeshare industry is that the "cost of inventory" is at most somewhere between 1/4 and 1/3 of the total cost of the product you are selling. (The biggest cost component? Marketing at 40-50%.) That's cost not sales price. So even if they weren't making a dime of profit on any sale, it's better to build a shiny new resort than to ROFR a resale at anything more than about 1/3 of the direct price. Because there is...

• Brian Noble

• 

Though I am at a bit of a loss as to why they took these back, given what I am guessing about values.

I mean…. Apparently it is low enough because they are ROFRing there…..

 

[Brian Noble]

Sure, but if I am even in the ballpark on my analysis, that's not the same as "this is a steady supply of super profitable points." The steady supply of super profitable points comes from shiny new stick-built resorts.

I maintain the easiest explanation for any ROFR decision is Drunken Monkey.

 

[AstroBlasters]

Sure, but if I am even in the ballpark on my analysis, that's not the same as "this is a steady supply of super profitable points." The steady supply of super profitable points comes from shiny new stick-built resorts.

I maintain the easiest explanation for any ROFR decision is Drunken Monkey.

You made the same comment about why they would not buy back VGC and many of us said that they were crazy not to… They then started ROFRing VGC.

I think this all has to do with where they think they can make a spread.

They also don’t have unlimited locations, money, and manpower to build stick-built resorts.

 

[Brian Noble]

They don't have unlimited locations. But they also have plenty of points already on the books and ready to sell at both domestic resorts, and more to come at both (well, for sure in FL; maybe not in CA. We'll see.)

I suspect the ROFR decisions are driven by two needs. One: prospects who want something specific that is not currently sitting in inventory thanks to foreclosures. I am guessing that's where a lot of the VGC is coming from, for example. Two: building a stockpile of "second-chance" resorts to offer a prospect at a lower price when they balk at a sale. There's also the "Hey, we can get more extended OKW into the system" angle, but that's probably lower priority. VGC could also be playing this role, but in reverse: "If you aren't wowed by Disneyland Tower, well...I'm not supposed to do this, but I can offer you this other, very exclusive thing, just steps from the parks."

However, it is definitely true that CA is a different beast, for all kinds of reasons.

I still think the RIV buy-backs are head-scratchers, but it's also literally a drop in the bucket, so \shrug.