In December, five SSR deeds were ROFRd that ranged from $55 per to $65 per point and the points per contract ranged from 150 to 200 points.
Thanks to wdrl for the above information which he picked up off the Orange County website.
I think this is one of the issues. It is my opinion that the brokers themselves have as much to do in propping up prices as anything else. Legally they're required to present the offer as I understand it but of course how they do so will affect the outcome.
I wonder where everyone is finding the good deals. If someone knows can they PM me? I just put in an offer with The Timeshare Store and was told that they haven't been able to get $65/point past ROFR on SSR...
I've never owned a timeshare, but I'm considering a resale at SSR. Considering the upfront cost and the annual dues - does everyone think it's worth it? I'm thinking about buying 160 pts at around $65 per point.
DVC will not save you money and likely will not add sufficient value to your trips to justify owning. I'd suggest you rent a couple of times to get a better feel and see. I suspect renting here and there will be your best long term option.i visit WDW usually 2 times a year, sometimes for a week and sometimes for a few days. I do have to mention that I have family living in Orlando and in the past we stay with them or in the hotel they work at (not a disney resort) - so practically no cost. Last year we experienced the Disney resorts for the first time (polynesian, carribean and pop century) so i do like the convenience of not having to rent a car. So I guess sometimes I would take advantage of staying with family and sometimes using the dvc.
I also would be interested in using the points at the other dvc resorts particularly aulani and bay lake - how difficult is it to reserve a unit if your home resort is not where you're booking? Usually we vacation in the summer when school is out and on occassion a few days during the school year.
First, let me be clear that I'm not complaining or saying there's anything wrong as long as they are following the laws in this area. It is in their best interest to sell as many contracts as possible for as high a cost as possible with the least aggravation. The more lowball offers they present, the more they will spin their wheels. The more resorts that get ROFR, the more total commission they will make even if a little less per contract because they will get multiple sales per buyer. The higher the price, the higher the commission per sale. I realize some of these issues are competing, the correct balance has to be a little difficult for such companies.I totally agree with you Dean. Never hurts to present. I often wonder if some of the resellers don't want to push through lower prices. FYI - I had a larger contract that got through below $60 but you never know. I was surprised it got through.
anyone know if Disney RoFR's more at a particular time of the month???beginning to load up quota early or end. I saw Disney bought a lot in April of last year on another site but the RoFR's were really low for the summer months
If Disney has new available, that's all they want to sell, more money in it. They will start buying older resorts if there are buyers waiting for them and/or if they don't have not enough new resorts available. DVD is a machine that has to be fed. There is a large sales force that has to be kept busy, we might see an increase in ROFR since the Poly is a couple of years away. My guess is that DVD will convert rooms there to expedite sales availability and to sell pre-completion contracts.
Bill
so there is low ROFR going on now because they are too busy selling vgf?? plus it seems no one is selling there VGF anyway...either hanging on or there is no resale market established yet... just the Disney market
If I buy soon , I may pay higher for say SSR. but if the GFV sells out than the sales force will start going ROFR crazy??? I am buying long term, so I will be patient and expect SSR can't really go up any higher unless they decide to do a huge makeover and make it more attractive than it already is.
I have read that SSR may go down over the next year from some here...I understand this is speculation...my worry is with the ROFR activity increase like it did last April.
Another question would be, does ROFR spike every April? or was that just a random time where the Machine was slow??
Again it's about the money. If Disney has SSR buyers waiting, they will ROFR SSR or any other resort should they decide that they need the inventory to keep sales going. They also get inventory from foreclosures and defaults.
So in DVD's world, it's sell new resorts first, then foreclosures and defaults and if you have to, ROFR.
In case you didn't know, DVD is under new management and who knows what the new guy has orders to do or how he will do it.
I think April was just a fluke unless DVD has some internal reason that we don't know about.
For Disney it's not about the magic or the idea of buying or selling a piece of the mouse or Walt, it's about going to work every day, making a profit, hitting bench marks to get their bonus and putting food on their tables. Buyers who understand this are far better equipped to make the business decision to buy a pre-paid hotel room through DVD or resale.
Bill
thanks for the info Bill, I have been researching for a few months, just closed on a HELOC and have it available to make a purchase. I am fine with getting say 300 points at $73 per point but if I can get it at $65, than why not...$55 even better.....If its say $60 a point than I will seriously consider 350-400 points per year... What I have found is the more research....The better...
I know I want SSR's 40 years of contract at a lower buy in price and lower maintenance dues... I would possibly go into something with similar dues and length if the prices shot down for some reason. Not going to impulse buy this spring I think but I may go for a double loaded contract for 200 points if the price is right and it doesn't get ROFR'd
All this Snow and Cold in Southern New England may force me into the latter decision....Hence the next big storm coming here in a few days.
just closed on a HELOC and have it available to make a purchase. I am fine with getting say 300 points at $73 per point but if I can get it at $65, than why not...$55 even better.....If its say $60 a point than I will seriously consider 350-400 points per year... What I have found is the more research....
My advice to you is to buy where you love to stay unless you 2000% don't care where you sleep. We have purchased several home resorts that have turned out not to be our favorites. After a few years when the honeymoon phase is over, you will probably be spending more time outside of the parks and more time at your resort(s).
Choose the correct UY for free added insurance and buy smaller contracts for added flexibility later should you want to sell part of your holdings.
Buying isn't a final transaction but selling has a price. If we did it over again, I would buy SSR knowing that I probably would sell it after staying at all of the resorts to see how they fit. Split stays for a couple of years can be fun and you can really get a sense of the resort(s) rooms, amenities, and area.
Reading until your eyes turn red is one way to learn but experiencing the resort first hand is the best teacher.
Bill
Not trying to judge but perhaps you should look at a smaller contract and pay cash rather than leveraging your home.
If you're comfortable with say $65, then make offers at $65 regardless of listing price. You'll get lots of rejections, but you might get a buyer willing to take that. There are a lot of SSR contracts out there.
And you won't see much VGF for a few years because the most likely to see are those who financed through Disney. And only after a few months into the financing, they are better off defaulting on it since they will likely owe money when they go through resale.
Not trying to judge but perhaps you should look at a smaller contract and pay cash rather than leveraging your home.
If you're comfortable with say $65, then make offers at $65 regardless of listing price. You'll get lots of rejections, but you might get a buyer willing to take that. There are a lot of SSR contracts out there.
And you won't see much VGF for a few years because the most likely to see are those who financed through Disney. And only after a few months into the financing, they are better off defaulting on it since they will likely owe money when they go through resale.