OKW and ROFR - The DIS Discussion Forums

myxdvz · 12-05-2012, 05:24 PM

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?

MickeyFan612 · 12-05-2012, 06:32 PM

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!

WILDERNESS FAN 55 · 12-05-2012, 07:02 PM

Quote:

Originally Posted by myxdvz

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

undchefreak · 12-05-2012, 08:18 PM

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

DougEMG · 12-05-2012, 08:42 PM

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.

myxdvz · 12-05-2012, 09:35 PM

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?

bighoo93 · 12-05-2012, 10:26 PM

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.

myxdvz · 12-06-2012, 12:18 AM

Quote:

Originally Posted by bighoo93

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.

OTOH, fewer years of use also means less MF over all. I guess depends how one thinks about it.

bighoo93 · 12-06-2012, 06:03 AM

Quote:

Originally Posted by myxdvz

OTOH, fewer years of use also means less MF over all. I guess depends how one thinks about it.

The annual fees are part of the equation. But if additional years made a contract less valuable, then Disney would be paying you to take contracts off their hands. It is 15 more years of deeply discounted resort stays, but they don't start for another 30 years.

Missyrose · 12-06-2012, 06:32 AM

Quote:

Originally Posted by bighoo93

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.

Quote:

Originally Posted by bighoo93

The annual fees are part of the equation. But if additional years made a contract less valuable, then Disney would be paying you to take contracts off their hands. It is 15 more years of deeply discounted resort stays, but they don't start for another 30 years.

In terms of ROFR actually, Disney only seems interested in the 2042 OKW contracts. They can ROFR the points and repackage them as an extended contract. OKW continues to be the most popular resort for Disney in terms of sales.

With regards to paying a higher price to avoid ROFR, I think that would be a mistake. Doug is right, get the best deal possible for yourself because there's little rhyme or reason to why Disney takes the OKW contracts that it has. I've seen OKW contracts ROFRed at $58 pp, but on "other" boards people have reported getting contracts through in the high $40s.

wdrl · 12-06-2012, 07:43 AM

Quote:

Originally Posted by Missyrose

In terms of ROFR actually, Disney only seems interested in the 2042 OKW contracts.

I beg to differ with you on this point. The data seems to indicate that DVD is quite willing to reacquire an OKW deed that has been extended to 2057. Based on records filed with the Orange County Comptroller, most OKW deeds ROFRed by DVD appear to have 2042 termination dates. However, there is a significant percentage of OKW deeds in which the owner had extended the deed to 2057 (see, for example, http://www.disboards.com/showpost.ph...postcount=167; http://www.disboards.com/showpost.ph...&postcount=181).

Missyrose · 12-06-2012, 07:44 AM

Quote:

Originally Posted by wdrl

I beg to differ with you on this point. The data seems to indicate that DVD is quite willing to reacquire an OKW deed that has been extended to 2057. Based on records filed with the Orange County Comptroller, most OKW deeds ROFRed by DVD appear to have 2042 termination dates. However, there is a significant percentage of OKW deeds in which the owner had extended the deed to 2057 (see, for example, http://www.disboards.com/showpost.ph...postcount=167; http://www.disboards.com/showpost.ph...&postcount=181).

I totally defer to you on this, I was just going by the anecdotal evidence from the ROFR thread.

ELMC · 12-08-2012, 07:26 PM

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.

Husurdady · 12-08-2012, 10:33 PM

Quote:

Originally Posted by ELMC

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.

WILDERNESS FAN 55 · 12-08-2012, 10:45 PM

Quote:

Originally Posted by ELMC

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

12-05-2012, 05:24 PM	#1
myxdvz DVC - BLT Join Date: Aug 2010 Location: Chicago, IL Posts: 506	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? __________________ Kids: W(1), X (8), Y(6), Z(4) Dec 2006 - X DLR / May 2010 - XY WDW, ASMo / March 2011 - XYZ DVC/DCL (AKV, Dream, OKW, Hilton) / Jan 2012 - XYZ DLR, PPH, VGC / June 2013 - WXYZ WDW, BCV/BWV / Nov 2013 - WXYZ WDW/BLT/AKV, DCL/Magic / April 2014 WDW/BLT

12-05-2012, 08:18 PM	#4
undchefreak Earning My Ears Join Date: Oct 2012 Location: WV now, somewhere else soon Posts: 61	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 __________________ New owner at OKW 1st Disney Visit - DL 1991 stayed with family (as a child) 1999 Pop Movies 2009 DW Offsite 2012 Coronodo Next with DVC?

12-05-2012, 08:42 PM	#5
DougEMG DIS Veteran Join Date: Aug 2008 Location: Victoria, BC, Canada Posts: 1,350 Paid DVC Rent/Trade Gold Membership	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. __________________

12-05-2012, 09:35 PM	#6
myxdvz DVC - BLT Join Date: Aug 2010 Location: Chicago, IL Posts: 506	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? __________________ Kids: W(1), X (8), Y(6), Z(4) Dec 2006 - X DLR / May 2010 - XY WDW, ASMo / March 2011 - XYZ DVC/DCL (AKV, Dream, OKW, Hilton) / Jan 2012 - XYZ DLR, PPH, VGC / June 2013 - WXYZ WDW, BCV/BWV / Nov 2013 - WXYZ WDW/BLT/AKV, DCL/Magic / April 2014 WDW/BLT

12-08-2012, 07:26 PM	#13
ELMC DIS Veteran Join Date: Jul 2011 Location: Connecticut Posts: 1,570 Paid DVC Rent/Trade Gold Membership	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. __________________

12-05-2012, 06:32 PM	#2
MickeyFan612 Mouseketeer Join Date: Jun 2011 Location: Knoxville, TN Posts: 286 Paid DVC Rent/Trade Gold Membership	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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