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Disney ROFR

Seems that DVC is only exercising the Beach Club Villas points.
 
I've been selling my points and every contract has been submitted for ROFR. I have no doubt that Disney will buy back any outrageously low priced contract.
 
I have no doubt that Disney will buy back any outrageously low priced contract.
Click to expand...
In addition to Rich's excellent thread OT tracking ROFR decisions and prices, there are a couple of very nice threads on DIS tracking individual results and another checking registered deeds. Between the three it's clear that DVC has not bought back anything other than a handful of BCV deeds, period, since early January of this year. Every once in a blue moon you see a buyback at another resort, but the vast majority are going through---and some at very surprising prices.
 
Are the prices droping? has there been a big shift in price since DVC has not been as active in ROFR as they were in the past?

Ray
 
Disney is still doing ROFRs. It is counterproductive to repeat scary information in this thread. If a price is too low Disney will buy it back. EVERY DVC contract has to go to Disney for Review for ROFR. One never knows the criteria for that.Take a deep breath.
 
Ray..private message me if you like..Yes the prices are falling a bit..
 
lisae said:
Ray..private message me if you like..Yes the prices are falling a bit..
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Again, the sky is NOT falling.

Lisa, if you want to send a PM to this member just do it.. There is no need for a comment. Hit his name and then send him a PM. That's all there is to it. A post like this could scare people.
 
icydog said:
Again, the sky is NOT falling.

Lisa, if you want to send a PM to this member just do it.. There is no need for a comment. Hit his name and then send him a PM. That's all there is to it. A post like this could scare people.
Click to expand...

I find it very inappropriate that you're trying to discourage members from sharing their opinions on this topic. You can disagree all you want, but your behavior is going beyond polite disagreement IMO.
 
The "holds it's value" days are long gone

ondeadlin said:
I find it very inappropriate that you're trying to discourage members from sharing their opinions on this topic. You can disagree all you want, but your behavior is going beyond polite disagreement IMO.
Click to expand...

Like others who thought ROFR somehow "protected" resale prices - a long discredited idea whose spectacular implosion occurred when the owners needed it most - the ongoing fall in DVC resale values is a slap in the face to the sellers. DVC isn't exercising ROFR much and if they do that doesn't change the LOW price that the seller gets. ROFR does not set a floor or guarantee any price.

Add in the high fees you commit to and the ever smaller number of years left on the contracts and, understandably and predictably, the value is dropping. The days of having a value even close to retail are over and now the market is starting to set the resale price point and it isn't pretty for those that thought DVC prices would hold steady. Like every other timeshare the value is not in resale but the use. Thinking you'll get the price you paid or even a small percentage out is a piupe dream. Even with DVC despite a few years that didn't fit the normal pattern. They too have returned to earth like all others. Can't blame the owners for wanting the high value myth to continue but the reality is those days are long gone.
 
ondeadlin said:
I find it very inappropriate that you're trying to discourage members from sharing their opinions on this topic. You can disagree all you want, but your behavior is going beyond polite disagreement IMO.
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Totally agree with this!
 
Even DVC doesn't have unlimited funds to spend on ROFR especially when they have a lot of expensive inventory to sell at Animal Kingdom, Bay Lake Towers, and California Disney Land. This really makes sense.

tlwmkw
 
Too Low For What ?

icydog said:
If a price is too low Disney will buy it back.
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That's exactly the kind of bushwa & balderdash the timeshare sellers can mumble in their sleep -- that The Purpose Of ROFR Is To Make Sure Timeshare Resale Prices Don't Go Too Low.

Believe it or don't believe it -- mox nix -- but any way you shake it the seller gets no more money from Disney via ROFR than the seller was just about to get from the private buyer anyhow.

If the price was Too Low when the private buyer was getting ready to buy it, then it's still Too Low when Disney pulls its ROFR stunt at exactly the same price.

ROFR does nothing to prop up prices or keep timeshare values from sinking ever so low, even to the point of hitting rock bottom.

With ROFR, all that happens is that Disney (or whoever) gets to buy the rock-bottom timeshare instead of some savvy TUG person. There is no benefit to the seller whatever from ROFR.

Plus, after the resale values do go Too Low, so low that the timeshare companies don't want'm back at any price, which can & does happen, then Disney (or whoever) is not required to pull the trigger on ROFR.

One might even go so far as to say that ROFR = ROFL.

There is a positive upside to those term-limited RTU timeshare lease arrangements, however. When they're over, they're over -- period. It's the easiest exit strategy in all of timesharing.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​
 
WOW! My simple question has spurred quite a lot of conversation.

I do not see a reason that discussing DVC resale prices should be off limits. There has been very open discussion on how Marriott resale values have dropped on this forum. Why should DVC be different? So i will post my question on the open forum.

Are DVC prices dropping? Has there been a big shift in price since DVC has not been as active in ROFR as they were in the past?

Ray
 
I have toyed with the idea of buying a DVC timeshare resale for the last couple of years.

I had managed to get easy trades to DVC through my Wyndham timeshare that traded through Interval International (Governor's Green). Easy trades at a discount. A green 1 bedroom deposit booked any available DVC 1 bedroom. Sadly, DVC moved to RCI. This is the first year I am not staying on property for my Orlando vacation.

If the new RCI "system" doesn't allow me to get easy and economical trades into DVC, then I think I might buy a resale.

I have been watching Old Key West resales and have seen the bottom go from low 70's/upper 60's to low 50's. I just saw a resale on one of the most popular resale websites for $51/pt. I have also seen a few for $52/$53 and there is no shortage of resales in the upper 50's. I will not be surprised if we being to see prices in the 40's within the next year or so.

So, does ROFR inflate prices? I think so. If I am trying to buy a resale, I am looking for the lowest price, if I know what the ROFR ceiling is, I will look to buy at just above that amount. If the ROFR ceiling would rise, it would cause me to either pay more money for the timeshare or decide it is too expensive and not buy it.

Joe
 
ondeadlin said:
I find it very inappropriate that you're trying to discourage members from sharing their opinions on this topic. You can disagree all you want, but your behavior is going beyond polite disagreement IMO.
Click to expand...

Loops said:
Totally agree with this!
Click to expand...

Lisa is a real estate agent. Making comments like she did was self serving. That's all I meant in my post. Any talk of price or listings should have been handled in a PM. Otherwise, Tug can become a trolling venue for sales agents. And I know Lisa personally. She knew what I meant!
 
icydog said:
Lisa is a real estate agent. Making comments like she did was self serving. That's all I meant in my post. Any talk of price or listings should have been handled in a PM. Otherwise, Tug can become a trolling venue for sales agents. And I know Lisa personally. She knew what I meant!
Click to expand...

Marylyn, I don't know why others are upset by what you wrote. I understood right away.
 
I didn't mean any disrepect to anyone on this board..but it doesn't take a rocket scientist to see that the prices have dropped on ALL timeshares and price is what sells them. Yes, I am a licensed real estate agent (there are alot of us on TUG by the way) with a very respectable company (The Kozlowski team) but "self serving" I am not.
 
icydog said:
Lisa is a real estate agent. Making comments like she did was self serving. That's all I meant in my post. Any talk of price or listings should have been handled in a PM. Otherwise, Tug can become a trolling venue for sales agents. And I know Lisa personally. She knew what I meant!
Click to expand...

icydog said:
Disney is still doing ROFRs. It is counterproductive to repeat scary information in this thread. If a price is too low Disney will buy it back. EVERY DVC contract has to go to Disney for Review for ROFR. One never knows the criteria for that.Take a deep breath.
Click to expand...

I meant all your comments, such as this one.

It's not for you to judge which information is counterproductive or scary or not. It's not for you to decide who needs to take a deep breath. Let others state their own opinions, just as you state yours.

Are you currently trying to sell DVC? That would explain a bit to me.
 
timeos2 said:
Like others who thought ROFR somehow "protected" resale prices - a long discredited idea whose spectacular implosion occurred when the owners needed it most - the ongoing fall in DVC resale values is a slap in the face to the sellers. DVC isn't exercising ROFR much and if they do that doesn't change the LOW price that the seller gets. ROFR does not set a floor or guarantee any price.
Click to expand...


When ROFR is exercised consistently, it does indeed set a floor for prices, albeit artificial. When those low price contracts do not reach the consumer the consumer must either turn to a higher priced resale or by from DVC itself. This does serve to "protect" prices. The very fact that prices have drop significantly has proven ROFR keeps prices above true market prices when it is exercised.

Disney, as noted, has changed the level they will exercise their right. While this has lowered the market price it is still setting the floor. Also, anyone who thought Disney was using ROFR to protect the members investment was clearly naive. Disney uses ROFR to inflate the values in order to sell developer priced memberships at new resorts.

That being said, I am still thrilled I can sell my BWV membership above the price I paid in 1998 and my AKV is only 10% below my purchase price. What other timeshare could I see those values hold?
 
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