ROFR Thread October to December 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[pangyal]

Updated!

 

[gisele2]

joe62888---$145-$8175-50-CCV@WL-Jun-0/22, 100/23, 50/24, 50/25- sent 11/11

This is a really good price for a loaded small contract.

 

[gisele2]

Some crazy low "for sale" prices I'm seeing for OKW in the last few days on some resale sites. Someone talk me out of adding on at $70/point (or lower) at OKW!
Main argument against: 2042 expiration!

I feel you ....

 

[intamin]

Something about there being less than 20 years left - soon to be only 18 years left. Definitely, at least for me, that sounds like not too long in the future (considering 2005 feels like it was just yesterday sometimes).

We're nearly at 17 left actually. With the last points for BCV, BRV and BWV coming in 2041 since the contracts end on 1/31/2042 and there is no use year earlier than February.

 

[aceshigh73]

We're nearly at 17 left actually. With the last points for BCV, BRV and BWV coming in 2041 since the contracts end on 1/31/2042 and there is no use year earlier than February.

Maybe Im an idiot that cant add, but if you count 2024 points, and the last set of points come in the 2041 UY, isnt that 18 years worth of points ?

 

[intamin]

Maybe Im an idiot that cant add, but if you count 2024 points, and the last set of points come in the 2041 UY, isnt that 18 years worth of points ?

Oh true I'm the idiot, didn't even count '24 lmaooo do not trust me

 

[HyperspaceMountainPilot]

Maybe Im an idiot that cant add, but if you count 2024 points, and the last set of points come in the 2041 UY, isnt that 18 years worth of points ?

Whoohoo, just increased my remaining number of BCV visits by about 6%!

As mentioned elsewhere, I personally don’t expect in demand 2042 resorts (at least BRV, BWV, BCV) to drop much more because their great point charts make them worth more than $30/pt/yr (minus dues, but still over $20/pt/yr) for many of us. But if I am wrong I would be happy to load up on them because my kids will be home about 12 more years and college for 6 after that, so it makes sense to have more points for family trips (especially at point heavy holiday breaks) for 17 years after which point I won’t need them as much. That said, hard to justify BRV around $100 if you can get CCV around $135.

 

[LittleBitGoofy]

As mentioned elsewhere, I personally don’t expect in demand 2042 resorts (at least BRV, BWV, BCV) to drop much more because their great point charts make them worth more than $30/pt/yr (minus dues, but still over $20/pt/yr) for many of us. But if I am wrong I would be happy to load up on them because my kids will be home about 12 more years and college for 6 after that, so it makes sense to have more points for family trips (especially at point heavy holiday breaks) for 17 years after which point I won’t need them as much. That said, hard to justify BRV around $100 if you can get CCV around $135.

I think we're living in parallel worlds of DVC! Very similar timeline for us and our kids which makes BCV perfect with its expiration timing. We'll ride that contract into the ground and use it to the max.

I've been eyeing CCV and tried to make the math work on BRV too but I came to the same conclusion. CCV is about 35% more in costs but lasts 26 years longer, more than double what's remaining on BRV.

It'd be nice to just have a contract go poof and end our dues obligations but I think I'd rather pick when we want to get out with CCV and it to hopefully still have some value in resale when we do.

 

[HyperspaceMountainPilot]

I think we're living in parallel worlds of DVC! Very similar timeline for us and our kids which makes BCV perfect with its expiration timing. We'll ride that contract into the ground and use it to the max.

I've been eyeing CCV and tried to make the math work on BRV too but I came to the same conclusion. CCV is about 35% more in costs but lasts 26 years longer, more than double what's remaining on BRV.

It'd be nice to just have a contract go poof and end our dues obligations but I think I'd rather pick when we want to get out with CCV and it to hopefully still have some value in resale when we do.

Yeah—quite similar circumstances. I promised my husband I was done accumulating DVC points for a while…but that’s what I said before jumping on the VGF direct deal and good enough deals on resale would draw me back in.

Taking our first trip to Aulani (our first DVC home resort, and the only one we haven’t visited, lol), if my husband loves it I will absolutely be trying to buy more points in the next few months. Our current point “budget” only works for trips to Aulani every 18-24 months.

Oops, just realized this was on the main ROFR thread. Sorry everyone for meandering off topic.

 

[Sunnyore]

This is the result of casual browsing habit for months now. I wasn't exactly ready to buy but also didn't really want to let this go since its my uy. I'm sending myself to ban island after this!

Sunnyore---$289-$15230-50-VGC-Aug-0/22, 12/23, 50/24, 50/25- sent 11/18

 

[Bearval]

Disney extended the groundlease for OKW to expire in 2057 instead of 2042. Disney then asked owners to either pay $15 per point to extend or sign a quit claim. Many owners did neither. Because the timeshare is tied to the groundlease there is an argument that original 2042 owners are now entitled to the full lease expiring 2057. Disney requires OKW resellers to sign a quitclaim prior to selling. Buying OKW resale 2042 means that these contracts will expire on this date. This will be mired in legal proceedings leading to 2042, but right now Disney have shut up as threatening owners to sign didnt work.

Disney is just biding it's time until the OKW 2042 contracts expire since they really don't have to do anything till then. Right now when a OKW 2042 contract is sold a quitclaim document must be signed (whether or not Disney really needs it is up for debate and the courts) so the number of 2042 contracts that haven't signed is reduced by the time 2042 rolls around. My best guess is that Disney is going to claim there was no " consideration" provided by the owners of the 2042 contracts that didn't pay for the extension or sign the "quitclaim deed" so the modification to those 2042 contracts are invalid to those individuals and they will have to abide by the original language of that contract.
What I can see is that in late 2040 or early 2041 Disney offering a extension to the remaining holders of the 2042 contracts that haven't signed the quitclaim deeds (this will definitely not be offered to all 2042 contracts) this might even be as low as the $25 per point that the late signers of the extensions had to pay. This would help reduce the number of people for a potential class action lawsuit. For the remaining owners that did not pay or sign the quitclaim, Disney will not send you a bill nor accept your maintenance fee payment and you will not be able to reserve a room. Disney will then wait for and fight a lawsuit if one develops. My question is, do the contracts have a clause in them that disputes have to be settled in arbitration or can they go to the courts?

 

[kneely58]

kneely58---$115.63-$19381-160-BLT-Feb-0/22, 0/23, 288/24, 160/25-seller pays MF '23-sent 10/6

Monday will be day 45 of waiting. Broker seems to think this is normal, but it sure isn't based on this thread...

kneely58---$115.63-$19381-160-BLT-Feb-0/22, 0/23, 288/24, 160/25-seller pays MF '23-sent 10/6, passed 11/20

Went to check my email one last time before following-up again and got notice of the waiver about an hour ago! Note that the original owner passed away and their contracts went through probate recently, so that may have influenced the seller's willingness to just accept my original offer.

 

[sndral]

Disney is just biding it's time until the OKW 2042 contracts expire since they really don't have to do anything till then. Right now when a OKW 2042 contract is sold a quitclaim document must be signed (whether or not Disney really needs it is up for debate and the courts) so the number of 2042 contracts that haven't signed is reduced by the time 2042 rolls around. My best guess is that Disney is going to claim there was no " consideration" provided by the owners of the 2042 contracts that didn't pay for the extension or sign the "quitclaim deed" so the modification to those 2042 contracts are invalid to those individuals and they will have to abide by the original language of that contract.
What I can see is that in late 2040 or early 2041 Disney offering a extension to the remaining holders of the 2042 contracts that haven't signed the quitclaim deeds (this will definitely not be offered to all 2042 contracts) this might even be as low as the $25 per point that the late signers of the extensions had to pay. This would help reduce the number of people for a potential class action lawsuit. For the remaining owners that did not pay or sign the quitclaim, Disney will not send you a bill nor accept your maintenance fee payment and you will not be able to reserve a room. Disney will then wait for and fight a lawsuit if one develops. My question is, do the contracts have a clause in them that disputes have to be settled in arbitration or can they go to the courts?

I know there’s a camp that thinks the 2042 no extension no quit claim original direct OKW owners will magically get to keep using OKW until 2057, but I’m not in that camp - I think a court will hold them to the terms of the original contract they signed w/ the 2042 expiration date since they got the benefit of the bargain & opted to not extend. The bigger question in my mind is how will OKW work for those who did extend or who’ve bought direct from DVC w/ the extended date? Will DVC sell the 2042 points they get back as 15 year contracts? Keep those points & rent them for cash? That’s the mess I foresee.

 

[tom1944]

I know there’s a camp that thinks the 2042 no extension no quit claim original direct OKW owners will magically get to keep using OKW until 2057, but I’m not in that camp - I think a court will hold them to the terms of the original contract they signed w/ the 2042 expiration date since they got the benefit of the bargain & opted to not extend. The bigger question in my mind is how will OKW work for those who did extend or who’ve bought direct from DVC w/ the extended date? Will DVC sell the 2042 points they get back as 15 year contracts? Keep those points & rent them for cash? That’s the mess I foresee.

Why not do both

 

[homey12]

Homey12—$45-$9,000-200-VB-Feb- 200/2023, 400/2024, 200/2025, buyer pays closing sent 11/20

 

[Tgladden86]

Tgladden86---$115-$19000-160-AKV-Jun- 0/23 100/24, 160/25- sent 11/15

 

[Bearval]

I know there’s a camp that thinks the 2042 no extension no quit claim original direct OKW owners will magically get to keep using OKW until 2057, but I’m not in that camp - I think a court will hold them to the terms of the original contract they signed w/ the 2042 expiration date since they got the benefit of the bargain & opted to not extend. The bigger question in my mind is how will OKW work for those who did extend or who’ve bought direct from DVC w/ the extended date? Will DVC sell the 2042 points they get back as 15 year contracts? Keep those points & rent them for cash? That’s the mess I foresee.

That is why I really think DVC will offer the extension one last time to the remaining owners that declined the extension and didn't sign the quitclaim deed and at a decent price. The owners will have to decide to want to try their luck and join a lawsuit that in my opinion doesn't have a snowballs chance in hell or do I pay a small price ( I really believe DVC will make the price per point attractive to get most of the remaining holdouts to take the deal) the per point for an extension that will add substantial value to what will be essentially worthless contract. DVC will wait until 2040-2041 to make this offer so that there is more opportunity for resales to occur that will require the quitclaims to be signed. At this time there may not be enough holdouts for a law firm to want to take on a class action suit and owners would have to hire their own lawyers which could end up costing more than the extension is worth.

 

[AwfulWaffle]

AwfulWaffle---$112-$7144-50-AUL Subsidized-Dec-100/23, 50/24, 50/25- sent 11/20, passed ?/?

 

[mblsj]

Mblsj---$135-$20179-135-PVB-Dec-135/22, 270/23, 135/24, 135/25- sent 10/18, passed 11/21

Finally! No way to use those 2022 points, but wasn't planning on it. Very happy to own at Poly!

 

[AwfulWaffle]

Mblsj---$135-$20179-135-PVB-Dec-135/22, 270/23, 135/24, 135/25- sent 10/18, passed 11/21

Finally! No way to use those 2022 points, but wasn't planning on it. Very happy to own at Poly!

Request the seller do a one time transfer to your existing member id then stalk that site Congrats either way and welcome home to the great Poly!