DVC RESALES
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Old 12-05-2012, 05:24 PM   #1
myxdvz
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OKW and ROFR

Hi,

It looks like DVC is exercising ROFR on OKW points. So is it safer to keep points at $50 and above? Or try and get the best deal you can get?

Is $50/pt on OKW fair?
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Old 12-05-2012, 06:32 PM   #2
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50/ point might pass for a contract that is nearly stripped of points but if you are looking at a loaded contract it may pass for high 50's to around 60 pp!
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Old 12-05-2012, 07:02 PM   #3
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Quote:
Originally Posted by myxdvz View Post
Hi,

It looks like DVC is exercising ROFR on OKW points. So is it safer to keep points at $50 and above? Or try and get the best deal you can get?

Is $50/pt on OKW fair?
I paid 60.00 a couple months ago but it had all 2012 pts without the MF for 2012 so a little more than what I was seeing on the boards.Frankly I wanted in so it was worth the $4-5 per pt to help avoid ROFR. It worked going in May using 2012 and 2013 pts for the whole family Best Deal is overrated IMO
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Old 12-05-2012, 08:18 PM   #4
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I think it depends on many factor (some mentioned above) including use year. I had an April contract at $59 that was ROFR'd, while another contract at the same time went through at $50. There's also luck. Apparently I don't have that
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Old 12-05-2012, 08:42 PM   #5
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I personally think it is best to get the best deal possible since there is no way to tell if they want your contract for something. If someone is on the waitlist and your contract is the only one that fits, they'd ROFR it no matter what you were paying.
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Old 12-05-2012, 09:35 PM   #6
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Thanks everyone!

Another question:

How does the contract expiration date factor in valuation? That is:

Are OKW contracts that end 2042 lesser in value than contracts ending 2057? Vice versa? Or do those not even factor in?
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Old 12-05-2012, 10:26 PM   #7
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Quote:
Originally Posted by myxdvz
How does the contract expiration date factor in valuation? That is:

Are OKW contracts that end 2042 lesser in value than contracts ending 2057? Vice versa? Or do those not even factor in?
They are worth less because they have 15 fewer years of use. But those years are pretty far off. You have to decide how much years 31-45 are worth to you.
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Old 12-08-2012, 07:26 PM   #8
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I would like to point out again that, in the absence of any definitive reasons as to why contracts get ROFR'd, paying extra per point as insurance to pass ROFR is not money well spent. If it makes you feel better then that's great, but just know that you are more than likely paying $5 more a point to feel better, and not to give your contract any greater chance of passing.
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Old 12-08-2012, 10:33 PM   #9
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Quote:
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I would like to point out again that, in the absence of any definitive reasons as to why contracts get ROFR'd, paying extra per point as insurance to pass ROFR is not money well spent. If it makes you feel better then that's great, but just know that you are more than likely paying $5 more a point to feel better, and not to give your contract any greater chance of passing.
With that said..................... I just saw an OKW 50 pt contract sell on the other "dvc resale" web-site sale for $74.00 per pt with another one remaining there for sale.
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Old 12-08-2012, 10:45 PM   #10
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Quote:
Originally Posted by ELMC View Post
I would like to point out again that, in the absence of any definitive reasons as to why contracts get ROFR'd, paying extra per point as insurance to pass ROFR is not money well spent. If it makes you feel better then that's great, but just know that you are more than likely paying $5 more a point to feel better, and not to give your contract any greater chance of passing.
You really think that paying more perpoint has equal chance to get ROFR'd? If Disney is presented 2 contracts of similar points one at $50 and one at $59 which one do you honestly think is going to get taken ? I know I know they both could go
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Old 12-10-2012, 01:44 AM   #11
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I finally made an offer on a contract I saw. It's 150 pts at OKW.

Hoping that it goes thru!!!
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Old 12-18-2012, 09:30 AM   #12
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Might seem like a dumb question but I'm new at this.

Lets say someone wanted to buy points for OKW direct from Disney. The perfect contract comes up on resale for less $ than buying direct.

Does Disney go-hey I have a home for that contract- direct, exercise their ROFR and then sell that contract to whom ever is next on their waiting list?
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Old 12-18-2012, 11:22 AM   #13
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I'm not really sure if there's any logical rhyme and/or reason for what passes/fails ROFR.

I'm just hoping I do!
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Old 12-18-2012, 11:39 AM   #14
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Quote:
Originally Posted by mom_rules View Post
Might seem like a dumb question but I'm new at this.

Lets say someone wanted to buy points for OKW direct from Disney. The perfect contract comes up on resale for less $ than buying direct.

Does Disney go-hey I have a home for that contract- direct, exercise their ROFR and then sell that contract to whom ever is next on their waiting list?
As good of a theory as any I've heard !!
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Old 12-18-2012, 12:19 PM   #15
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Quote:
Originally Posted by mom_rules View Post
Might seem like a dumb question but I'm new at this.

Lets say someone wanted to buy points for OKW direct from Disney. The perfect contract comes up on resale for less $ than buying direct.

Does Disney go-hey I have a home for that contract- direct, exercise their ROFR and then sell that contract to whom ever is next on their waiting list?
Pretty much. The sales data shows that OKW continues to be Disney's best selling resort. So if there are people waiting for direct contracts that have specific UYs requested, Disney is likely to fill those orders either through contracts that are turned in/foreclosed upon or via ROFR. They prefer the former because it costs them next to nothing for the points, but ROFR will work in a pinch.

The other wrinkle is the issue of the extended OKW contracts. The extension was such a bust with members, but some did pay for the added years. So Disney is buying up contracts that end in 2042 and selling them as contracts that end in 2057 so there will be enough owners to keep the resort running past 2042.
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