Avoiding the Disney DVC Buy Back (ROFR) - Tips Tricks & Head Scratchers
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- Опубліковано 31 лип 2022
- In this episode, the team discusses if there is any rhyme or reason to Disney buyback patterns. Is there a sure bet to ensure your contract will not be bought back? Trends? etc.
Today's DVC Show leave you wondering about ROFR? DVC Resale Market has shared their top four tips to avoid Right of First Refusal over on their blog!
www.dvcresalemarket.com/blog/...
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We watched for 2 months, noticed they left Boulder alone, made an offer. Low price, loaded contract, and asked them to pay the annual dues. It passed to our delight last month. (Boulder is only for 20 years but we are 50 now)
Can't we get the one employee who buys back ROFR on the show someday?
Pete needs to sell packages with this crew to hang out with them. Id pay a premium to get a meal or ride a ride with these characters. I feel like theyre my best friends with how often i watch these videos. Never saw such a more approachable, fun, honest crew of people. Love this channel!!!!
We got ROFR'd on a 200pt contract at Saratoga Springs so we decided to dig and dig and dig. We found a 200pt AKV contract that was actually a little LESS PPP (price per point) as it was stripped for '22 and carried a delayed closing. It also was an INTERNATIONAL SELLER! We passed ROFR on it in July and all excited to close in October.
Great show, as usual.
I just cleared ROFR last week for my new Boulder Ridge resale contract. So watching this was more fun with very recent "win" under my belt.😂
Love your shows & content. Such great personalities and always fantastic information and entertainment.
Likebait
Also, contracts with delayed closings. We put an offer on a CCV contract that couldn't close for 3 months and passed ROFR quickly.
What DVC deals are typically offered on cruises, if any? We have a great resale contract (thank you!), but I’m considering adding on with the blue card minimum. Maybe a cruise is a good place to do this?
The elephant in the room is the pattern is confusion, divide, it is called "end the safe bet". So if I can not repurchase everything under say $145, but I have very deep pockets I will make forecasting impossible by using a moving target on price. So that causes sellers to up their selling price. Why? they are optimistic that they can get a better deal for their points. And sure 1 in 20 will sometimes, but the other 19 push up the base average selling price. It is a game that can be used on old and new customers. In the end Disney is manipulating the market and it is working, why, people have random pricing to look at when selling. The bigger the swing the higher the average.
Can you re-write your comment so that it makes sense please?
Agree it’s a simple way to manipulate market price
I love imagining that one drunk person buying up contracts. 😂
What is the process for buying DVC direct as an international seller with no finance?
Are there any hidden costs, and processes I need to be aware of?
Could this be because they want to sell more cash rooms? Less members booking with points, more availability to sell cash. Cheaper for them to hold on to points and do that? Don’t know how legal works on this.
How is poly the best? A studio or a 600 point bungalow doesn't work for a lot of people
I just sold my contract through you guys, I am still confused, why would a seller care if Disney uses its ROFR. Doesnt the seller get the price they were trying to sell it for?
You’re right. The seller doesn’t care (except that the review process can cause a delay). This is an issue for people looking to buy resales because even after the buyer and seller have agreed to terms, Disney can swoop in and buy instead.
The only people impacted by ROFR are the buyers. The sellers get exactly what the potential resale buyer offered.
Old Key West 200 points. December use year. What's it worth? 🤔
Panda, it’s your time… Poly!
I ‘be noticed a lot of people or paying cash for DVC rooms as of late.
Is it possible they are purchasing based on customer request?
Like if someone goes to DVc and wants say OKW, Disney will ROFR a contract in order to resale themselves?
Great question but from my experience working for Disney the sales side works on a different system than then member service side (which is in charge of ROFR). They are also in different buildings (Saratoga Springs vs Celebration) so those two departments have very little communication
Just put in an offer on a SS small contract. 130/pt. Hoping it'll pass but it seems like a crap shoot
Somebody please tell The DVC rental store that their website is not people friendly. I have suggestions, thanks!
I’m looking to rent points but the website is not friendly for searching.
Love the show, great job to all!!!
Hi, Roche Lynn! I'm sorry you've been having difficulty navigating our website. Our team would love to assist you and can be reached via email at info@dvcrentalstore.com or by calling us directly at 855-382-7368. Thank you!
We purposely bought international contracts and passed with flying colors
I guess my only rebuttal to this vlog is Buy Direct and you won't have the problem with ROFR.
FYI I watch for Pete’s sense of humor…just saying
Or Paul, DVC is fibbing the operating costs and current members are paying the dues for points DVC are hoarding.
I bought resale at the Boardwalk in 2010. Can Disney buy back my contract or do I have to put it up for sale in order for Disney to be able to buy it? Thanks.
You have to put it up for sale.
Hey John they would need to be for sale for Disney to be able
To exercise right of first refusal
They’re being smart bearish market buy low sell high
My guess is that their buy back is based on if a member is waiting to buy directly from Disney. On the 25 point BLT contract, they probably had someone looking for exactly 25 points.
While they could buy a larger contract and break it up, maybe they didn't have the ability, or rather, didn't think they had the ability, to sell. So, we as a whole wouldn't know about those members looking to buy directly from Disney
Contracts direct via Disney are typically within hours or a day or two. Disney has significantly longer for ROFR so it has nothing to do with people awaiting a specific contract.
I hope Poly not being ROFR is a sign
Yeah it probably one person at the office is winging it lol
How many of these do you batch film? I'm seeing a lot of similar wardrobes.
3-4- we live 90 minutes away and Pete’s schedule is very busy, so 3-4 at a time is the best option. This is how they film DCL & MTO shows also.