ROFR Thread April to June 2018 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[KAT4DISNEY]

Drunken monkey is either having a bad, bad trip, or is very badly hung over.

I wonder if it's also #1.

CCV is selling fast. No real need for additional incentives so far. And they wouldn't be stockpiling for SSR for Riviera sales yet. I think they are feeling the crunch with CCV selling faster than they may have expected and want to have some other WDW inventory to offer when someone is interested in buying but not in CCV.

 

[DaveNan]

I honestly have no idea. There have been a lot of theories:

1) They want to use the SSR points as OTUP to entice new sales at CCV and then Riviera
2) They need more inventory to sell because CCV is selling out faster than anticipated
3) They are trying to push all resorts above $100pp
4) The drunken monkey has been hitting the sauce a little too hard

Haha. I am going with #4!!!

I think a little bit of 1 and 2.
On number 3, Disney may be glad the resale price is high, but to be honest that actually helps us/builds confidence in us on the resale side, not direct buyers. We know about the resale market, have educated ourselves, and knowing the properties "hold their value" are more likely to buy resale. I have had the official sales pitches from guides 3 times and none of mine ever mentioned the existence of a resale market. I personally believe 1 and or 2 may be true, so Disney is trying to build inventory. As long as a substantial gap ($50) exists between resale and direct and Disney has demand for sold out resorts, it is easy money! If resale at SSR jumped to $120, Disney may stop buying. Not because they got the price above $100 but because they would no longer make enough money on flipping the points. They do however prefer to sell new resorts (make more $$$), so they don't want the flipping business to hurt the core business(new points). Situations 1 & 2 describe potential times when having sold out inventory not only make some cash flipping, but will not hurt (may even help) the core business.

 

[Jerry5788]

I think a little bit of 1 and 2.
On number 3, Disney may be glad the resale price is high, but to be honest that actually helps us/builds confidence in us on the resale side, not direct buyers. We know about the resale market, have educated ourselves, and knowing the properties "hold their value" are more likely to buy resale. I have had the official sales pitches from guides 3 times and none of mine ever mentioned the existence of a resale market. I personally believe 1 and or 2 may be true, so Disney is trying to build inventory. As long as a substantial gap ($50) exists between resale and direct and Disney has demand for sold out resorts, it is easy money! If resale at SSR jumped to $120, Disney may stop buying. Not because they got the price above $100 but because they would no longer make enough money on flipping the points. They do however prefer to sell new resorts (make more $$$), so they don't want the flipping business to hurt the core business(new points). Situations 1 & 2 describe potential times when having sold out inventory not only make some cash flipping, but will not hurt (may even help) the core business.

My theory is they are raising the prices of the lower priced resorts to make the resale of the other resorts eventually tick up. This will in turn allow them to push direct sales higher.

I don’t think they have buyers for SSR with the rate they are going but don’t mind as using as incentive points or renting out cash. Cash rates are better than maintenance dues so perhaps if they have enough cash volume already to cover their overhead they wouldn’t mind this approach

 

[disneylovinfamilyof6]

Disneylovinfamilyof6---$145-$17595-120-VGF-Jun-0/17, 0/18, 120/19, 120/20-Seller pays CC- sent 4/25, passed 5/17

Woohoo! And now we are done buying until 2019! So excited to have many of our DVC resort “goals” checked off our list now. We need to add on next year to reach our final goals, but we are so much closer now.

Good luck to everyone still waiting and/or searching for the right contract. Don’t give up - it’s out there!

 

[Whositsgalore]

I honestly have no idea. There have been a lot of theories:

1) They want to use the SSR points as OTUP to entice new sales at CCV and then Riviera
2) They need more inventory to sell because CCV is selling out faster than anticipated
3) They are trying to push all resorts above $100pp
4) The drunken monkey has been hitting the sauce a little too hard

Haha. I am going with #4!!!

I think my contract that's in ROFR will test #3 slightly. A few weeks ago I made an offer on a SSR contract and although I can't remember exactly what the offer was I know it was in the low $90's pp. Nick Cotton with DVC Resale Market (who I love and is awesome...shameless plug) called me and said that he would gladly submit the offer; however, based on the rate of buy back by Disney and my offer it will most likely be taken. He advised offering nothing south of $97 stretching only to $96 if I must. I decided to hold off and keep looking for a "better for us" contract. Found a 120 point contract offered $97 and now I wait along with everyone else. I guess that will tell us if they are really driving up the price even slightly. While I was pretty confident going into my offer I'm starting to be a bit more suspicious based on another poster that had a 150 point contract at $95 taken. That to me would be almost on point with mine since a slightly higher point contract would usually mean a slightly lower pp price. Not sure if what i'm saying makes sense to read it...it makes sense in my head though.

 

[Whositsgalore]

Disneylovinfamilyof6---$145-$17595-120-VGF-Jun-0/17, 0/18, 120/19, 120/20-Seller pays CC- sent 4/25, passed 5/17

Woohoo! And now we are done buying until 2019! So excited to have many of our DVC resort “goals” checked off our list now. We need to add on next year to reach our final goals, but we are so much closer now.

Good luck to everyone still waiting and/or searching for the right contract. Don’t give up - it’s out there!

Congratulations!!!! FINALLY some good news!!!!

 

[Beesknees6]

Disneylovinfamilyof6---$145-$17595-120-VGF-Jun-0/17, 0/18, 120/19, 120/20-Seller pays CC- sent 4/25, passed 5/17

Woohoo! And now we are done buying until 2019! So excited to have many of our DVC resort “goals” checked off our list now. We need to add on next year to reach our final goals, but we are so much closer now.

Good luck to everyone still waiting and/or searching for the right contract. Don’t give up - it’s out there!

Congratulations! Who was your broker? Wondering if I’ll hear today on day 30!

 

[Whositsgalore]

Congratulations! Who was your broker? Wondering if I’ll hear today on day 30!

I was thinking about you yesterday...day 29, positive you will hear today!

 

[Beesknees6]

I was thinking about you yesterday...day 29, positive you will hear today!

I can only assume today is day 30 anyway... I was “told” it went to ROFR on 4/17 but it seems ya never know

 

[Beesknees6]

Wow... I’m in shock.. literally.. someone pick me up off the floor..

Beesknees6---$105-$6431-52-AKV-Feb-0/17, 0/18, 52/19, 52/20-Buyer pays 2018 mf- sent 4/17, passed 5/17

 

[Madame]

Wow... I’m in shock.. literally.. someoneone pick me up off the floor..

Beesknees6---$105-$6431-52-AKV-Feb-0/17, 0/18, 52/19, 52/20-Buyer pays 2018 mf- sent 4/17, passed 5/17

Congratulations!

 

[DizneyLizzy]

Wow... I’m in shock.. literally.. someone pick me up off the floor..

Beesknees6---$105-$6431-52-AKV-Feb-0/17, 0/18, 52/19, 52/20-Buyer pays 2018 mf- sent 4/17, passed 5/17

Yay!! This give me hope that my similar contract (50 pt SSR contract with 0 pts for 2017 and 27 pts for 2018, but only a $99 per point purchase price) will pass too! Not a lot of data on the smaller contracts recently. So happy for you!!

 

[Spartan86]

I don’t think they have buyers for SSR with the rate they are going but don’t mind as using as incentive points or renting out cash.

I’m certainly not saying you are wrong, but a cursory search on OCC shows Disney has recorded 53 direct sale deeds this month so far. Also a cursory search, over the same period they recorded 26 non-foreclosure buy backs. Naturally the average contract size of the buy backs was significantly larger than those the average sales for the record lists I looked at.

 

[TexasChick123]

Wow... I’m in shock.. literally.. someone pick me up off the floor..

Beesknees6---$105-$6431-52-AKV-Feb-0/17, 0/18, 52/19, 52/20-Buyer pays 2018 mf- sent 4/17, passed 5/17

Yay!!! So happy for you!!!

 

[Beesknees6]

Yay!!! So happy for you!!!

Thanks... now to tell the kids we’re not getting the pool .. lol

 

[disneylovinfamilyof6]

Wow... I’m in shock.. literally.. someone pick me up off the floor..

Beesknees6---$105-$6431-52-AKV-Feb-0/17, 0/18, 52/19, 52/20-Buyer pays 2018 mf- sent 4/17, passed 5/17

Wonderful news!! Congrats!

 

[Beesknees6]

Congratulations!

Thank you!!

 

[Dan1]

Wow... I’m in shock.. literally.. someone pick me up off the floor..

Beesknees6---$105-$6431-52-AKV-Feb-0/17, 0/18, 52/19, 52/20-Buyer pays 2018 mf- sent 4/17, passed 5/17

Awesome

Still waiting for members of Team 4/27 to heat .... could be another 10 days based on this. What will we do to pass the time?

 

[Beesknees6]

Awesome

Still waiting for members of Team 4/27 to heat .... could be another 10 days based on this. What will we do to pass the time?

Thanks... I just can’t help but feel like either I wasn’t notified right away when it passed or the ROFR Dept didn’t get it when I was told. 30 days to pass is practically unheard of

 

[TexasChick123]

Thanks... I just can’t help but feel like either I wasn’t notified right away when it passed or the ROFR Dept didn’t get it when I was told. 30 days to pass is practically unheard of

With how DVD is handling things lately, honestly, who knows?!?