**Update** Pg. 2 Is this a good deal? Need opinions & advice please.

[ldo]

the only thing it is not good for is if you take a lot of Spring break vacations that you might have to cancel--otherwise, for summer, and even Nov and Dec travel, June is good.

 

[delmar411]

It's not as good of a deal as ppl seem to be implying...

you get the extra years straight from Disney at $96/pp

after closing costs you are paying $83.86/pp


difference is just over $12 per point or $1320.


I looked at that ROFR chart and it seems you should be offering in the low 70's per point for that type of contract.

eta~ thre are no closing costs w/ buying it straight from DVC.

That's just totally my opinion though.

 

[disneymotherof3]

It's not as good of a deal as ppl seem to be implying...

you get the extra years straight from Disney at $96/pp

after closing costs you are paying $83.86/pp


difference is just over $12 per point or $1320.


I looked at that ROFR chart and it seems you should be offering in the low 70's per point for that type of contract.

eta~ thre are no closing costs w/ buying it straight from DVC.

That's just totally my opinion though.

I thought though that you had to buy at least 160 points to buy from Disney, which for us is a little out of our comfortable price range right now. Where is the ROFR chart that you are referring to? I've "heard" others talk about it.

 

[JimMIA]

I thought though that you had to buy at least 160 points to buy from Disney, which for us is a little out of our comfortable price range right now. Where is the ROFR chart that you are referring to? I've "heard" others talk about it.

You do have to buy a minimum of 160 points if you buy direct...which would be $15,360.

The important number in a resale is NOT what someone else paid, or what an owner will sell for...it's what will clear ROFR. If you're paying $2 per point "too much," you're talking about a total of $200! Got to keep that in perspective -- I'd rather be comfortably clear of ROFR than to negotiate a great price which Disney snatches away from you.

Here's a link to the ROFR thread. http://www.disboards.com/showthread.php?t=1710667

I haven't look at it recently, but the current info is usually on the last, or next-to-last, page of the thread. When you look at what passed and was ROFR'd, remember to look only at current transactions. What happened 3 months ago is probably irrelevent. Also remember that contracts for less than 150 points usually sell for more than larger contracts, because Disney tends to ROFR aggressively on smaller contracts.

Good luck!

 

[disney dumbo]

It's not as good of a deal as ppl seem to be implying...

you get the extra years straight from Disney at $96/pp

after closing costs you are paying $83.86/pp


difference is just over $12 per point or $1320.


I looked at that ROFR chart and it seems you should be offering in the low 70's per point for that type of contract.

eta~ thre are no closing costs w/ buying it straight from DVC.

That's just totally my opinion though.

My two cents:
OKW is an interesting situation right now... having 2 different structures on years. Disney is saying to the current owners that the extra years are worth $25/pt. I don't think the market has spoken on what people are willing to pay for those extra years. If I were buying OKW, I'd be confused too!!! (If Disney is offering at $96/with extra years - $25/extra years = $71/pt in Disney's mind for shorter contract???)

You are right that Disney requires that you buy a bigger contract straight from them initially. Buying resale is your only option to get the smaller size/price.

You haven't really said that OKW is your 2nd favorite resort. I would definitely buy a very small contract at my 2nd favorite resort... and then do a small add on directly with Disney for your favorite resort (AKV). While still staying in the budget you think is best for your family. (This also gives you the opportunity to book AKV at 11months.)

I can see what Delmar411 is trying to say...
IMHO OKW is going through uncharted change on length of contract and market price.

You are in a great position... ready to buy DVC. It is worth the time you spend in thinking this through. Hope I have not discouraged you!

 

[JimMIA]

Disney is saying to the current owners that the extra years are worth $25/pt. I don't think the market has spoken on what people are willing to pay for those extra years. If I were buying OKW, I'd be confused too!!! (If Disney is offering at $96/with extra years - $25/extra years = $71/pt in Disney's mind for shorter contract???)

Disney says a lot of things. Two-thirds of the current OKW owners are saying "no thanks" to 15 extra years for $15. Maybe even higher rejection than that, but that's what they admit to.

 

[disneymotherof3]

I'd rather be comfortably clear of ROFR than to negotiate a great price which Disney snatches away from you.!

We were thinking the same thing. We thought we would try to get it a little lower on the p/p price. What's the worst they can say....no. And they did say no. But we figured if we don't ask, then we dont know. But we're pretty happy with what we got.

Here's a link to the ROFR thread. http://www.disboards.com/showthread.php?t=1710667

I haven't look at it recently, but the current info is usually on the last, or next-to-last, page of the thread. When you look at what passed and was ROFR'd, remember to look only at current transactions. What happened 3 months ago is probably irrelevent. Also remember that contracts for less than 150 points usually sell for more than larger contracts, because Disney tends to ROFR aggressively on smaller contracts.

Good luck!

Thank you!

You haven't really said that OKW is your 2nd favorite resort. I would definitely buy a very small contract at my 2nd favorite resort... and then do a small add on directly with Disney for your favorite resort (AKV). While still staying in the budget you think is best for your family. (This also gives you the opportunity to book AKV at 11months.)

You are in a great position... ready to buy DVC. It is worth the time you spend in thinking this through. Hope I have not discouraged you!

We're very happy with OKW. We've heard a lot of great things about it. So it probably would be our second choice, especially with the price. We've talked about doing a small add on at AKV in the next few years. We'd like to get our feet nice and wet before we catch the "Addonitis".

 

[delmar411]

If Disney is offering at $96/with extra years - $25/extra years = $71/pt in Disney's mind for shorter contract???)

You are right that Disney requires that you buy a bigger contract straight from them initially. Buying resale is your only option to get the smaller size/price.

Sorry I should have been clearer, the $96 price is at the $15/pp for the extra years. I guess it goes up at the end of this month to $106/pp...which is pretty laughable.

I can see DVC snatching up contracts though if a lot of ppl refuse the extension to get the re-sales off the market and force ppl's hands to buy direct from them at DVC's much higher price.

 

[disneymotherof3]

I can see DVC snatching up contracts though if a lot of ppl refuse the extension to get the re-sales off the market and force ppl's hands to buy direct from them at DVC's much higher price.

Well if they do that, I hope it's AFTER we get through our ROFR.

 

[PIERCEDRN]

Don't sweat it you are likely out of disney's "price range" for ROFR. Small contracts are more attractive to disney for ROFR and so buyers must pay a small premium for a smaller contract. You are paying that higher price so you have no worries. If you try to get a "bargain" at 110 points, like the "low 70's" an earlier poster mentioned, you will just be looking for another contract when it gets eaten by Disney.
BOB

 

[disney dumbo]

We're very happy with OKW. We've heard a lot of great things about it. So it probably would be our second choice, especially with the price. We've talked about doing a small add on at AKV in the next few years. We'd like to get our feet nice and wet before we catch the "Addonitis".

That's what counts!
Yep... Addonitis... just too easy to catch!

Sorry I should have been clearer, the $96 price is at the $15/pp for the extra years. I guess it goes up at the end of this month to $106/pp...which is pretty laughable.

Wow... $106... this will be interesting.