ROFR Thread July to Sept 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[TarheelMatt2013]

TarheelMatt2013---$140-$20238-125-BLT-Feb-0/19, 0/20, 250/21, 125/22- sent 8/7

 

[mlittig]

It seems like the ROFR monster is rearing its ugly head again A couple of brokers are posting about buybacks on Saratoga Springs (prices in the $90's), Old Key West (prices in the $80's) and Grand Floridian (1 at $139)

 

[SomePixiedust]

It seems like the ROFR monster is rearing its ugly head again Brokers are posting about buybacks on Saratoga Springs (prices in the $90's), Old Key West (prices in the $80's) and Grand Floridian (1 at $139)

I just saw that. I didn't think that those prices were even very low with the exception of the GF one. I'm feeling very fortunate that my 150 pt BWV passed at $107 2 weeks ago.

 

[CastAStone]

It seems like the ROFR monster is rearing its ugly head again Brokers are posting about buybacks on Saratoga Springs (prices in the $90's), Old Key West (prices in the $80's) and Grand Floridian (1 at $139)

Where?

 

[SomePixiedust]

Where?

Posted on Facebook

 

[mlittig]

Where?

Most were from the DVC Store and posted in a DVC Facebook group.

 

[kucanhead]

This is the list of contracts that DVC Store posted

Saratoga Springs - 200 points @ $91 per point.
Saratoga Springs - 385 points @ $92 per point.
Saratoga Springs - 200 points @ $97 per point.
Old Key West - 220 points @ $81 per point.
Grand Floridian - 200 points @ $139 per point.
Old Key West - 270 points @ $89 per point.

 

[CastAStone]

Most were from the DVC Store and posted in a DVC Facebook group.

Found it, thank you. With www.dvcstore.com as a DIS sponsor I assume it is OK to share this screenshot:

 

[JoshF]

This is good news for existing owners in terms of keeping a floor on pricing, right?

 

[CastAStone]

I don't think any of these are particularly surprising. They sell a lot of SSR because it's the cheapest, and they'll periodically need to buy some contracts to sell some contracts. They also couldn't pass up GF when they can mark it up nearly $100 a point. And it is in their own best interest to churn as many 2042 OKW contracts into 2057 ones as possible over the next 21 years; it would not surprise me to see incentives stick around after September on OKW.

I had imagined it would be a few more months, at least until the incentives expired on the sold out resorts, but here we are.

 

[sethschroeder]

This is good news for existing owners in terms of keeping a floor on pricing, right?

Only if you plan on selling in the next month or two. Disney can not by back every contract.

People will disagree but listings are going to overwhelm what Disney will buy back. Difference is that I think Disney right now is simply grabbing some cheaper points (possibly loaded) that they can flip with the 100 to 125 point increase that is going to be happening next month.

It is also only a couple resorts when we know BLT is trending lower right now as well so will see if they get bought elsewhere.

Every contract that gets taken via ROFR does directly impact future contract pricing as well though. So it might stabilize for the moment (if these buyers don't just walk away if they have been waiting for 45+ days and see reports of all the delays).

 

[jbreen2010]

UGH, what a nightmare. We extended offer 7/2 and were hoping to hear back this week. We were SSR - 200 points @94 per point. Right in the middle of the pack. But our offer was through DVC Resale market and we can't see any other details on what was in those offers that disney bought.

 

[Hopfather28]

It's either a shot across the bow to keep people and brokers asking higher prices or, and I think this is the likely thing, people are taking advantage of direct incentives and they bought back points to satisfy that demand.

 

[poofyo101]

UGH, what a nightmare. We extended offer 7/2 and were hoping to hear back this week. We were SSR - 200 points @94 per point. Right in the middle of the pack. But our offer was through DVC Resale market and we can't see any other details on what was in those offers that disney bought.

I had an offer sent 7/2 which was waived 2 days ago so you should hear soon

 

[sethschroeder]

UGH, what a nightmare. We extended offer 7/2 and were hoping to hear back this week. We were SSR - 200 points @94 per point. Right in the middle of the pack. But our offer was through DVC Resale market and we can't see any other details on what was in those offers that disney bought.

If its stripped I think you are good. If it has the points then maybe there is a chance it gets taken.

Fingers crossed for you.

 

[poofyo101]

If its stripped I think you are good. If it has the points then maybe there is a chance it gets taken.

Fingers crossed for you.

Do you think there is any correlation between stripped and not stripped.
Personally don’t think there is any correlation as their have been times it seems they buy both. Based on the ppp

 

[HockeyMomNH]

Ugh! Now I'm worried about our SSR contract getting pulled. I've got a 180 pt contract in at $95. No 2019 points but full 2020. We're still probably 2 weeks from hearing back.

 

[jbreen2010]

I had an offer sent 7/2 which was waived 2 days ago so you should hear soon

Thanks, do you mind sharing what you paid? I might be kicking myself for going a dollar or two too low on the offer per point now

 

[sethschroeder]

Do you think there is any correlation between stripped and not stripped.
Personally don’t think there is any correlation as their have been times it seems they buy both. Based on the ppp

There is in my mind. They can't sell stripped contracts until next year or the year after. There is zero reason for Disney to dump capital in to something that far out under the current circumstances.

What they have done in the past is not directly correlated to things under the current circumstances in my mind.

 

[jbreen2010]

Do you think there is any correlation between stripped and not stripped.
Personally don’t think there is any correlation as their have been times it seems they buy both. Based on the ppp

I am not sure if there would be a huge correlation between stripped of points or not. If I were disney I might try to snag up the contracts where seller was going to pay management fees regardless. That could add up to a few thousand dollars. And when you think about it, the difference of $94 per point vs $95 vs $96 is really only $200-$400-$400. I can't imagine disney is hurting for DVC rooms through the end of 2020 so surprising they bought some back. Maybe just a tactic to remind us that they can exercise the right? LOL