WoW Disney just ROFR

[Tigger2ntinkerbell]

I'm was selling my OKW 100pt contract at$150pp and Disney just took it back. The people buying it really wanted it, now I feel bad for them.

 

[wnielsen1]

I'm was selling my OKW 100pt contract at$150pp and Disney just took it back. The people buying it really wanted it, now I feel bad for them.

OKW extended, I presume? It still would be surprising.

 

[Tigger2ntinkerbell]

Re-check my paperwork I sold at $140 pp.
Yeah extended contract.

 

[Great3]

It is still surprising that DVC is ROFR'ing SSR and OKW in the $140's. I am with you. Wow, just wow!

Great3

 

[Sandisw]

Which is why its so unpredicted. Now you have to wonder if maybe there is a new strategy for DVD. Make resale more painful to drive some people to direct.

It doesn’t take much for the price to rise in resale, bringing it closer to direct to make someone decide to go that route?

So sorry for your buyers, I have a feeling my buyers will be in the same situation when a decision is made. I have a feeling it will be next week.

 

[Red Dog Run]

I have two 2042 seventy-pointers at OKW. I have been so tempted to put them up for sale just to turn around and by 2057 direct for the difference. The issue is I think the sales cost would eat up the profit margin from what I paid.

 

[rollnstns]

Re-check my paperwork I sold at $140 pp.
Yeah extended contract.

Can you tell me if your contract was front loaded? Thanks!

 

[Tigger2ntinkerbell]

Can you tell me if your contract was front loaded? Thanks!

Front loaded???

 

[stwaldman]

Front loaded???

Did it have a lot of current points for use or was it stripped I think is what they are asking

 

[Her Dotness]

Now you have to wonder if maybe there is a new strategy for DVD. Make resale more painful to drive some people to direct.

This has been my suspicion due to rumors for some time that Disney's intent on seriously damaging if not destroying the resale market.

Goes along with making money no matter what that seems to be the guiding principle to recoup shutdown losses.

 

[BeachClub2014]

Goes along with making money no matter what that seems to be the guiding principle to recoup shutdown losses.

Sure feels like this is the case, doesn't it? Chasing smaller dollars on ROFR point flips to contribute to the quarterly earnings. Resale ceilings appear to be getting higher and the savings gap between resale and direct seems to be shrinking, as well as resale availability for some resorts.

 

[Her Dotness]

Resale ceilings appear to be getting higher and the savings gap between resale and direct seems to be shrinking, as well as resale availability for some resorts.

This is why we leapt on a VGF resale in our UY about a month ago, being disinclined to wait to see what the new VGF ROFR range may be.

With a wee negotiation, got $10pp less than current direct price with incentives. Smellin' like the proverbial

Waiting on the deed to arrive and happy as clams. (Yes, I'm shamelessly bragging. )

 

[RamblinWreck]

This has been my suspicion due to rumors for some time that Disney's intent on seriously damaging if not destroying the resale market.

Goes along with making money no matter what that seems to be the guiding principle to recoup shutdown losses.

I'm not sure how more ROFR activity would either damage or destroy the resale market.

Maybe from a resale buyer's perspective it makes it less appealing. But Disney can't ROFR anything unless someone is attempting to buy a resale contract. So they kind of need the resale market to be active. And driving up resale prices through ROFR seems like it would do the exact opposite of "damaging" the resale market.

 

[BeachClub2014]

This is why we leapt on a VGF resale in our UY about a month ago.

With a wee negotiation, got $10pp less than current direct price with incentives. Smellin' like the proverbial

Waiting on the deed to arrive and happy as clams. (Yes, I'm shamelessly bragging. )

You're my hero!

 

[808blessing]

I'm not sure how more ROFR activity would either damage or destroy the resale market.

Maybe from a resale buyer's perspective it makes it less appealing. But Disney can't ROFR anything unless someone is attempting to buy a resale contract. So they kind of need the resale market to be active. And driving up resale prices through ROFR seems like it would do the exact opposite of "damaging" the resale market.

Higher ROFR resale prices can mean more will get off couch and want to sell and if it nobody buys it, then they will lower the price until someone buys. But it gets people off the couch and in the selling mode.

 

[Her Dotness]

I'm not sure how more ROFR activity would either damage or destroy the resale market.

Maybe from a resale buyer's perspective it makes it less appealing.

I've seen several disgruntled posters here on DISbds say they've had 3-4 ROFRs and are discouraged enough to consider saving up to buy somewhere direct. (Yeah, they might not have been astute buyers for all I know.)

Not clearcut evidence supporting my suspicions by any means as hogwild as ROFR typically has been but makes me wonder, yanno? I mean when it's even OKW extendeds at a reasonable ppp? 2042s anybody savvy would understand getting ROFRed.

But Disney can't ROFR anything unless someone is attempting to buy a resale contract. So they kind of need the resale market to be active. And driving up resale prices through ROFR seems like it would do the exact opposite of "damaging" the resale market.

But what if the aim is to get buyers to rethink the wait only to get ROFRed when you can buy direct comparatively effortlessly? Resale is laborious and tedious in comparison, we found, as well as uncertain unless you really shop carefully and gauge the likelihood the contract will get ROFRed by scrutinizing the range for a few months.

 

[808blessing]

I also think they are buying back so they can sell even higher than current posted rates. People are probably wanting to add-on even at higher rates too. Before people would want to decide on the BEST resort and buy all in one place. More people are interested in a portfolio with smaller amounts, direct with matching use years.

 

[stwaldman]

the more direct "attack" on resale is them flooding the market with high value location points over the next 5 years. They brought VGF back online, they are bringing DLT online, and they are bringing back Poly online. There are only so many buyers of DVC out there and the demand for these resorts is going to have a downstream impact on resale short term.

That said, flooding the market with more points is going to mean more potential sellers down the road. maybe the relative prices don't all hold up, but the volume of points hitting the market come 2030 will keep the resale brokers busy. Then we can all get into speculation on the 2042 resorts and what the actual DVC gameplan will be once the expiration date is that close and what it means for resale.

 

[RamblinWreck]

This is why we leapt on a VGF resale in our UY about a month ago, being disinclined to wait to see what the new VGF ROFR range may be.

With a wee negotiation, got $10pp less than current direct price with incentives. Smellin' like the proverbial

Waiting on the deed to arrive and happy as clams. (Yes, I'm shamelessly bragging. )

Nice! This is also exactly why we sold our VGF contract last year at $205 per point.

With any luck, since VGF is now in active sales, the $144 per point contract I just submitted to ROFR will pass and I will be made in the shade!

 

[Her Dotness]

I also think they are buying back so they can sell even higher than current posted rates. People are probably wanting to add-on even at higher rates too. Before people would want to decide on the BEST resort and buy all in one place. More people are interested in a portfolio with smaller amounts, direct with matching use years.

This could be the future of resale market, I agree, especially as stwaldman remarked upon the potential effects upon resale of so many off-sale resorts becoming very much on again.

I'm seeing much more enthusiasm for the VGF2 resort studios than most said would be the case. (Neener-neener! Told y'all so. ) Leaves me thinking more "hotel room studios" may be in DVD plans.

I've long thought it only a matter of time until DVD decided that Poly's studios-only and those outrageous bungalows were not doing it for current and potential buyers. And now what is the nicknamed Reflections-at-Poly? Answer: multi-bedrooms.