ROFR Thread January to March 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

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I've also had a broker tell me the seller had another offer a little higher than mine & if I wanted to reconsider my offer. Nope! Guess what? Next day, broker said I had the contract. Was there another offer on the table that just didn't work out - not sure but I would hope they were being honest with me and not using a sales tactic. Bottom line, on this forum we pretty much know what we are willing to pay.

I always drop my price minimum $2pp when that happens. Once I was told to fly a kite, the other time the seller took my lower offer.

While I have been flying my kite, the contract is still listed. It's been 6 months now. :)
 
For me, I'm trying to figure out what I'm willing to pay if the exact type of contract I want pops up. I worry if I don't offer asking...I could miss out. But at the same time...it seems weird to offer asking, you know? But what I'm looking for could be more rare so I'm wondering if that's what I'll need to do.
 
For me, I'm trying to figure out what I'm willing to pay if the exact type of contract I want pops up. I worry if I don't offer asking...I could miss out. But at the same time...it seems weird to offer asking, you know? But what I'm looking for could be more rare so I'm wondering if that's what I'll need to do.
There is a difference between a larger contract in lower demand resorts with lots of listings like SSR and a small contract at a more in demand resort in a specific UY.
 
For me, I'm trying to figure out what I'm willing to pay if the exact type of contract I want pops up. I worry if I don't offer asking...I could miss out. But at the same time...it seems weird to offer asking, you know? But what I'm looking for could be more rare so I'm wondering if that's what I'll need to do.
I think it comes down to how much you need the contract and how soon.

In 6 months my bids might have to be closer to asking than they are now.
 
For me, I'm trying to figure out what I'm willing to pay if the exact type of contract I want pops up. I worry if I don't offer asking...I could miss out. But at the same time...it seems weird to offer asking, you know? But what I'm looking for could be more rare so I'm wondering if that's what I'll need to do.
It’s all supply and demand. You know how urgent it is to get it (sooner or later), and how available the type of contract is. So that’s what you base your offer on, & that can/will change based on those same factors, when a trip is coming and you need the points 11months out, or you don’t need them for a year.

There is a difference between a larger contract in lower demand resorts with lots of listings like SSR and a small contract at a more in demand resort in a specific UY.
Yes, this ^ :)

100 points at SSR vs 40 points at BCV.
 
I guess it depends what the asking price is, but if you are buying 50 points, the overall amount is fairly small. $5 less per point than asking is $250. Which is what like one meal at Disney world? Haha
Truth, that’s a factor that doesn’t get talked about enough. I think I may have missed out on some deals thinking I needed to save $4 per point when the total is so small overall.
 
There is a difference between a larger contract in lower demand resorts with lots of listings like SSR and a small contract at a more in demand resort in a specific UY.

Yeah...it still just seems wrong to offer asking though! I guess I have time to get used to the idea since nothing I want seems to want to show up for me.

It’s all supply and demand. You know how urgent it is to get it (sooner or later), and how available the type of contract is. So that’s what you base your offer on, & that can/will change based on those same factors, when a trip is coming and you need the points 11months out, or you don’t need them for a year.


Yes, this ^ :)

100 points at SSR vs 40 points at BCV.

Well, we already missed the 11 month window for our next possible trip. So now, even if something pops up...we'd be at the mercy of whatever resort is open. Not a huge deal, really. BRV is already booked for the dates I wanted. But maybe they will open up if someone who has them decides to switch at the 7 month mark.

I guess it depends what the asking price is, but if you are buying 50 points, the overall amount is fairly small. $5 less per point than asking is $250. Which is what like one meal at Disney world? Haha

In talking with my husband, we basically set a total amount (including closing costs) that we'd be willing to pay. So because of that, I offered low on a contract. I kind of regret it now as it wasn't enough and we missed out. We should've just paid more. Oh well. It was maybe slightly smaller of a contract than we'd want anyway. Now I'm just waiting....
 
Yeah...it still just seems wrong to offer asking though! I guess I have time to get used to the idea since nothing I want seems to want to show up for me.



Well, we already missed the 11 month window for our next possible trip. So now, even if something pops up...we'd be at the mercy of whatever resort is open. Not a huge deal, really. BRV is already booked for the dates I wanted. But maybe they will open up if someone who has them decides to switch at the 7 month mark.



In talking with my husband, we basically set a total amount (including closing costs) that we'd be willing to pay. So because of that, I offered low on a contract. I kind of regret it now as it wasn't enough and we missed out. We should've just paid more. Oh well. It was maybe slightly smaller of a contract than we'd want anyway. Now I'm just waiting....
For most of my contracts I have been very focused on “the deal”. But the small contract world is a different game.

I paid more ppp than I wanted on my recent 50 points contracts…. but they were the resort I wanted, in the UY I wanted, close to the number of points I wanted, and most likely with time to get in at the 10-11m window.

I then looked at what the actual dollar difference was on a 50 point contract and if that would really matter over the next 17 years . This is completely relative to someone’s discretionary free cash flow.

I then calculated the price per night based on my buy in and the dues and decided it was silly to not just pull the trigger and so I did.
 
did i see a vero beach bought for 30?!?

I think i saw a hilton head bought for 40!

Wow on resale prices for the beach 2042s!
Its a little bit of a view into the future for all 2042 resorts, just that the beach resorts will never hold up like the park resorts.
 
did i see a vero beach bought for 30?!?

I think i saw a hilton head bought for 40!

Wow on resale prices for the beach 2042s!
We are buying a 217 pt Vero for $30 per point. Waiting on ROFR that surely they will pass on.

Maintenance fees and availability unless you want a Beach Cabin are what hurts Vero so much. We want to use most of our points on the beach Cabins so it works for us.

But all the 2042s are going to start their march to 0 really soon, losing around 5~7% of their value per year will hurt on a Beach club or Boardwalk.
 
We are buying a 217 pt Vero for $30 per point. Waiting on ROFR that surely they will pass on.

Maintenance fees and availability unless you want a Beach Cabin are what hurts Vero so much. We want to use most of our points on the beach Cabins so it works for us.

But all the 2042s are going to start their march to 0 really soon, losing around 5~7% of their value per year will hurt on a Beach club or Boardwalk.
I hope you’re right because I would be happy to buy more beach club points, but I don’t think they’ll fall below $70 for a decade or more because each remaining year of BCV and BWV, the points have a cash equivalent of $20-40/point, and dues are around $7/pt. If you are actually able to book 11m out and will use them at their home resort, even with only a decade left you can easily get $125-$150/pt, more if you’re determined. I strongly suspect a huge chunk of BWV owners are commercial renters who have done the math and found the nights that BWV works out to $40-70/pt. I think BWV could slide significantly if renting is ever banned, but would still eventually stabilize over $60/pt as long as there are more than 5 years remaining.
 
We are buying a 217 pt Vero for $30 per point. Waiting on ROFR that surely they will pass on.

Maintenance fees and availability unless you want a Beach Cabin are what hurts Vero so much. We want to use most of our points on the beach Cabins so it works for us.

But all the 2042s are going to start their march to 0 really soon, losing around 5~7% of their value per year will hurt on a Beach club or Boardwalk.
They will all hit $0, but I really think BC/BW will trade closer to the discounted cash price of the underlying resort less dues. There is just so much demand for the location that will set a floor & their point charts make them incredible values.
 
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For most of my contracts I have been very focused on “the deal”. But the small contract world is a different game.

I paid more ppp than I wanted on my recent 50 points contracts…. but they were the resort I wanted, in the UY I wanted, close to the number of points I wanted, and most likely with time to get in at the 10-11m window.

I then looked at what the actual dollar difference was on a 50 point contract and if that would really matter over the next 17 years . This is completely relative to someone’s discretionary free cash flow.

I then calculated the price per night based on my buy in and the dues and decided it was silly to not just pull the trigger and so I did.

This is where I landed with my contact I’m waiting on as well. Not the best per point cost but was otherwise exactly what I was looking for and decided that losing it wasn’t worth the relatively small dollar amount in the grand scheme of things.
 
For me, I'm trying to figure out what I'm willing to pay if the exact type of contract I want pops up. I worry if I don't offer asking...I could miss out. But at the same time...it seems weird to offer asking, you know? But what I'm looking for could be more rare so I'm wondering if that's what I'll need to do.
I've been using the dvcrofr.com pricing tool and because I already have what I want, I just make sure that my offer is in the top 10% (ok, I lie. I want to be top). If you can get more than 10% under the board sponsor's Instant Sale price then you know that you are really cooking.
 
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