ROFR Thread July to Sept 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[npatellye]

When I think of the resale restrictions, the seemed oriented toward the 2042 expiration having a larger impact.
Right now, the resorts we would want to exchange to are the ones often considered park resorts. BCV, BWV, and RIV for Epcot and DHS (OKW is also extremely close but falls under the drive or bus to Epcot). If looking to avoid boat, PVB can walk to TTC and monorail to Epcot. For MK there is BLT (walk or monorail), VGF (boat, monorail, and recently added walk), PVB (boat, resort monorail, ferry and express monorail from TTC). Also add BRV and CCV for boat to MK. AK has AKV nearby, but IMO AK needs some significant additions to the park.

In 2042, BCV, BWV, and BRV are no longer part part of the O14 resale booking options for anyone. At that point, the O9 restricted resale points can stay at 4 MK resorts, OKW, SSR, AKV, GCV (very difficult), and AUL.

But will all of OKW be open or only part of it? I’m not sure of the numbers but there are probably a ton of 2042 OKW points that will expire.

 

[Sandisw]

But will all of OKW be open or only part of it? I’m not sure of the numbers but there are probably a ton of 2042 OKW points that will expire.

All buildings would continue to be part of DVC because owners with 2057 contracts are deeded to them all…and so are those who didn’t sign away or pay..

Now, the points that are owned by DVD can certainly be used to take those offline for booking, but they can’t do anything else with them….like change or renovate…

The only way I see it being different wouod be DVD finding a way to have owners who have valid contracts to get a new deed and have those all clustered into certain buildings.

 

[Jenglish13]

Ouch. Just ripped off that bandaid didn’t you. I don’t disagree with you. Just a bit sad that DVC will be no different from all those scummy traditional timeshares, if you are right. Perhaps Disney had finally realized that actively ROFRing contracts actually HELPS the resale market they are actively competing against? I know the primary purpose for ROFR is to replenish inventory of sold out resorts for people wanting to buy those resorts while making a profit. But I wonder if Disney gives up on taking back contracts, will they no longer sell “sold out” resorts? Do other traditional timeshares stop selling specific resorts once they’ve all sold out?

I had the same thought. I remember when John Oliver did a show on the seedy timeshare industry and Disney was conspicuously absent. Is it just rofr and a robust resale market that differentiates DVC from the rest? Isn't it also odd that a Riv resale entitles a buyer to access to the rest of the exchange properties but not to the other WDW resorts? I've been explaining/justifying my BLT resale purchase to skeptical friends and family by making that distinction DVC enjoys from most other timeshare properties. I wouldn't have made my purchase without confidence in both the liquidity the resale market offers and the potential revenue from renting points to offset both dues and recoup some of the purchase cost. From my own perspective as a consumer, resale restrictions are far more likely to persuade me away from ownership in general and toward renting points for vacations over paying direct prices with Disney. I think it's a short sighted goal that may come back to bite them and tarnish the Disney brand further.

 

[HIRyeDVC]

I think it's a short sighted goal that may come back to bite them and tarnish the Disney brand further.

I honest don’t think they care. As long as money is being made. DVC members are still a very small component of their entire fan base. Disboards members an even smaller component of that. Only time will tell.

 

[tom1944]

I had the same thought. I remember when John Oliver did a show on the seedy timeshare industry and Disney was conspicuously absent. Is it just rofr and a robust resale market that differentiates DVC from the rest? Isn't it also odd that a Riv resale entitles a buyer to access to the rest of the exchange properties but not to the other WDW resorts? I've been explaining/justifying my BLT resale purchase to skeptical friends and family by making that distinction DVC enjoys from most other timeshare properties. I wouldn't have made my purchase without confidence in both the liquidity the resale market offers and the potential revenue from renting points to offset both dues and recoup some of the purchase cost. From my own perspective as a consumer, resale restrictions are far more likely to persuade me away from ownership in general and toward renting points for vacations over paying direct prices with Disney. I think it's a short sighted goal that may come back to bite them and tarnish the Disney brand further.

What would stop them from changing the rules on restrictions if they found it was tarnishing the Disney brand sometime in the future?

 

[Cyberc1978]

The only way I see it being different wouod be DVD finding a way to have owners who have valid contracts to get a new deed and have those all clustered into certain buildings.

In that case wouldn't it require the OKW owners to accept such change?

 

[Cyberc1978]

What would stop them from changing the rules on restrictions if they found it was tarnishing the Disney brand sometime in the future?

DVD can always remove the restrictions if they want to - questions is: Will they?

 

[Sandisw]

In that case wouldn't it require the OKW owners to accept such change?

Yes, it would. Which is why I think the whole situation will be a mess but in the end, DVD will simply use their points to take rooms off line and offer them for cash

 

[tom1944]

There is a lot of being in the right place at the right time to getting great deals.

I just checked BLT sales for the last 2 days and some contracts jumped out at me.

There was a purchaser from NJ (the town next to me) who bought a 160-point September contract for $111 a point. The very next contract was the same seller and purchaser for 100-point contract at $109 a point.

The next 2 contracts were 100-point contracts that went for $157 and $156 per point.

 

[Sandisw]

DVD can always remove the restrictions if they want to - questions is: Will they?

I don’t see that happening because the impacts of the restrictions have not had the impact that many want to think they have.

If they were concerned, they would not have added to VDH….

 

[Cfabar1]

ROFR sets an artificial floor but without ROFR there’s still a floor, it’s just lower. And I’m speculating we’re there, or close. At least until dues time…

Yes, if no ROFR continues, we will have a very interesting October-December time with sales....

 

[E2ME2]

There is a lot of being in the right place at the right time to getting great deals.

I just checked BLT sales for the last 2 days and some contracts jumped out at me.

There was a purchaser from NJ (the town next to me) who bought a 160-point September contract for $111 a point. The very next contract was the same seller and purchaser for 100-point contract at $109 a point.

The next 2 contracts were 100-point contracts that went for $157 and $156 per point.

Interesting

P.S. - your signature avatar is not displaying, just a link.........

 

[Paul Stupin]

I personally think ROFR will come back sooner or later because it’s profitable for Disney. They can use the points for cash rooms, or sell them back at a higher price point as direct for buyers who want to purchase at sold out resorts, just as they always have.

These kind of strategies might not be on the forefront of their current plans with new construction underway. But as attendance bounces back, as it will sooner or later, and after VGF sells out, it’s conceivable that Disney might want a larger menu of properties available to potential DVC buyers.

Also, if Disney winds up selling “non core properties” like ABC, as Iger has mentioned, or swaps ESPN as part of the Hulu deal, which could potentially eliminate any cash outlay, the company will be in better shape financially.

 

[kneely58]

There is a lot of being in the right place at the right time to getting great deals.

I just checked BLT sales for the last 2 days and some contracts jumped out at me.

There was a purchaser from NJ (the town next to me) who bought a 160-point September contract for $111 a point. The very next contract was the same seller and purchaser for 100-point contract at $109 a point.

The next 2 contracts were 100-point contracts that went for $157 and $156 per point.

Why does it seem like BLT contracts are flooding the market right now?

 

[maui22]

GVC/VGC is in California.

The MK resorts are BLT, Poly, VGF and CCV.

Good catch. I worded it very poorly.
Basically, after 2042 the so called O14 becomes O9.
Disneys Springs area (SSR and OKW)
AK area (AKV)
Four MK resorts (BLT, VGF, PVB, and CCV)
One California (VGC/GCV) which is probably the most difficult.

Is it coincidence that all Epcot/DHS will be restricted after 2042 (assuming BCV and BWV rehab and sold as new with inflated point charts and restrictions)?

Other thing that seems interesting is barring changes, CCV will actually be restricted just like RIV (when PVB ends)

 

[Epcot Forever Forever]

If ROFR really was gone wouldn’t it be a matter of time before the resale prices tanked?

No. They’d fall to the natural supply and demand balance point. Which can’t be massively different from when ROFR is happening at it’s normal, pre-2021 rates because they weren’t taking (aka reducing supply) that many contracts.

 

[Epcot Forever Forever]

I personally think ROFR will come back sooner or later because it’s profitable for Disney. They can use the points for cash rooms, or sell them back at a higher price point as direct for buyers who want to purchase at sold out resorts, just as they always have.

I agree. They lost their discipline in 2021 and 2022, but the way they used ROFRc previously was basically guaranteed free money, because from here it sure seemed like they would only buy what they felt extremely confident they could sell quickly.

 

[Epcot Forever Forever]

Why does it seem like BLT contracts are flooding the market right now?

Having watched for several years now it seems like one resort or another is always flooding, and one resort or another is always very tight, and they just kind of go round and round as to which one is where at any given point in time

 

[tidefan]

Good catch. I worded it very poorly.
Basically, after 2042 the so called O14 becomes O9.
Disneys Springs area (SSR and OKW)
AK area (AKV)
Four MK resorts (BLT, VGF, PVB, and CCV)
One California (VGC/GCV) which is probably the most difficult.

Is it coincidence that all Epcot/DHS will be restricted after 2042 (assuming BCV and BWV rehab and sold as new with inflated point charts and restrictions)?

Other thing that seems interesting is barring changes, CCV will actually be restricted just like RIV (when PVB ends)

And Aulani is in that group as well…

 

[TheDailyMoo]

What would stop them from changing the rules on restrictions if they found it was tarnishing the Disney brand sometime in the future?

DVD can always remove the restrictions if they want to - questions is: Will they?

Couldn't there be a point in the future where enough RR contracts get sold that it begins to bottleneck reservations at the resort because of the restrictions thereby making DVD reevaluate their decision at that point? Perhaps the same happens to all the restricted resorts? I have no idea the numbers but I'm assuming there's a good deal of home resort owners that use their points at other resorts. If there's a point in time where many of the contracts are resale restricted at say Riv just as an example it would make booking a lot harder no? Maybe I'm not thinking about this correctly.