My wife and I had an offer in for 50 Okw points at $58 a point and found out after 24 days that disney refused us. Seems like the number of refusals are rising, I think it is a combo of the dvc price per point increase coming and the way the resale market has seemed to been growing. I told my wife she discovered the dvc resale market six months too late, very disappointed. We will just stick to booking our trips the regular way, without the savings we could have enjoyed after our first potential dvc trip. We will not put in another offer, thanks disney!!!
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Seems like disney is trying to crush the dvc resale market!!!
- Thread starter Unlucky
- Start date
stichrules
Active Member
I disagree wth your statement. We just at the end of last year bought into VWL at $58 per point. The problem is Disney seems to be buying back pretty much anything at OKW that is at 58 points or less. Look to other resort andhigher point values. Talk with the people at Timeshare and they can help guide you in what would be acceptable price to pay.
disneygirl1024
Well-Known Member
When we were talking with the DVC people last week we were told that Disney is buying up DVC resales that are up for sale that are low priced so Disney can resell them at a higher price.
We worked with an agent she recommended we offer the $58 asking price along with paying mf and closing costs. Offer was sent to Disney on 2/14. At this time we were not aware that Disney was increasing their purchase points price. Maybe with higher points at a lower cost Disney might let that go. But we were looking at smaller contract so we wouldn't have to finance. Good Luck to everyone. I still think buying resale is the way to go if you're lucky enough to get through rofr.
GoofGoof
Premium Member
Seems like they are buying OKW back again but not much else. I have seen on other boards people getting OKW ROFR'd. They will never tell us why they do what they do, but they may be up to something at that resort.
pixargal
Well-Known Member
Have you looked into purchasing Saratoga Springs? The resale prices are low and Disney doesn't seem to ROFR those properties as much. For some reason, OKW, is one that is ROFR'd frequently, especially the small contracts. Don't give up, there is a perfect contract for you. Good idea, too, to start with a small contract. You can always add to it later when funds are available and you decide DVC is the way to go.
That will show 'em!!! LOL
Seriously, just put in another offer for a couple dollars more. If DVC is a match for your vacation habits, it's silly to walk away and continue to pay for cash rooms over this little bump in the road.
If you're a prospective buyer, ROFR can be a source of frustration.
If you're a seller, seeing prices inching upward can only be a good thing! Better than seeing your timeshare turn into a worthless albatross, as has happened with many others.
Good luck.
About 4 years ago DVC offered owners of Old Key West a 15 year contract extension. Instead of ownership ending in 2042, contracts with the extension would run into 2057.
By all accounts, the extension was not well received. As such, Disney is on track to be left holding a lot of points from 2043-2057 from owners who did not extend.
One way that Disney can address this problem over time is buying-back OKW contracts which were not extended and re-selling them to new buyers WITH the extra 15 years. I would expect them to continue being more aggressive with ROFR on Old Key West contracts for many years to come.
xdan0920
Think for yourselfer
Sound reasoning. I bought my contract resale, and it only runs to 2042. (only, LOL) We bought after the contract extension was offered. I did not even think about that 15 year discrepancy in Disney's point balance.
toolsnspools
Well-Known Member
Are the new contracts for OKW selling with the 2057 date or the original 2043 date? Just wondering if they could be doing the opposite, and trying to buy up any of the contracts that were extended. OKW sits on a prime piece of property, and IF they decided to re-use that property for something else in 2044, it would be a shame to have to wait 15 more years for a few contracts to expire...
Any Old Key West points purchased direct from DVC are deeded through 1/31/2057.
Disney would never be able to recapture all of the extended points. Many will stay within a family until the contract expires.
I'm sure they did not make the extension decision lightly. OKW was presumably the easiest resort at which to offer such an extension since it's 100% DVC villas. (Villas are offered to cash guests but that's neither here nor there.)
Extending a resort like Beach Club or BoardWalk would represent a greater commitment on Disney's part since non-DVC rooms, shops and other amenities are part of the facility. For the most part, Disney would have to commit to keeping those components in existence as long as the DVC villas are contracted. Although it seems difficult to comprehend, the day may come when existing Disney resorts are demolished to make way for more modern facilities. Hard to predict what Disney may want to do with buildings that are 50+ years old.
Getting back to OKW, since it's made up of many stand-alone buildings, it's conceivable that individual units could be demolished in 2042 if Disney does not want to hold/rent/sell the points which did not extend. However, some legal maneuverings would be necessary. Each DVC deed is tied to a specific physical structure and they could not demolish a building as long as any owners remain. But they might be able to shift that ownership to a different building...
After reading your suggestion and some discussion we have found another small contract(50 points). This time around we are trying our luck with Saratoga Springs. Point price a bit higher, offered full asking $79 a point. On the flip side if Disney does not ROFR we will have a lengthier contract vs Old Key West. Plus the lower mf's are nice as well. Here's to hoping "Unlucky won't be unlucky for long"
pixargal
Well-Known Member
That is a very generous offer for SSR. I would be surprised if it didn't make it through ROFR. Here's sending you best wishes for it to pass. I was browsing another site that posts contracts that make it through and ones that don't make it through. The ones that made it through were generally in the high 50's and low 60's.
Disney raised prices on their old properties as of yesterday. So, I believe many people were trying to get a contract in, or be put on a waiting list before the prices went up. This may be a reason for all the ROFRs going on right now.
With the new Disney Springs set to open in a few years, I can see SSR becoming a more desirable option. Good luck, Unlucky!
Dave D
New Member
Just an opinion - from the direction of someone who already HAS a Direct from Disney DVC contract....
Good. Sorry, but anything that keeps my investment from going DOWN in value? Welllll I kinda like that
You called it an "investment". Cute. I'm awaiting our second stab at a BWV contract. Hopefully Disney lets this one waive through.
Dave D
New Member
While the economics major in me would love to further dispute the accuracy of calling a DVC purchase an investment in any form (mainly because we're dealing with Disney here), I'll refrain from further debate with someone who has close to 2700 messages while this guy now has 2 . But I do agree with the logic you've spelled out.
Ok, so as stated, we just today had a contract sent off to Disney to dissect. 219 BWV, Feb, $70 pp, no '13 pnts. Two contracts a 169 and a 50. Extended closing date. We hope the extended closing and lack of points deters Disney.
. But I do agree with the logic you've spelled out. Ok, so as stated, we just today had a contract sent off to Disney to dissect. 219 BWV, Feb, $70 pp, no '13 pnts. Two contracts a 169 and a 50. Extended closing date. We hope the extended closing and lack of points deters Disney.
Southampton11968
Active Member
I was very lucky. I purchased 165 OKW points at $50 a point 2 years ago. I was nervous that Disney would not accept the deal but it sailed right through. I was also just under the wire to be a full DVC member with no restrictions to my account. I've had several great vacations the last two years, including 2 to Aulani. It has been the best investment I've made in a long time...
Dave D
New Member
That's a great purchase. We just stayed next door at SSR this past nov and enjoyed it. We rented a friend's points. Our room was right across from Fultons in Downtown Disney.
SSR was nice but I did feel a tad detached. We love EPCOT area which is why we are trying for BWV. Just a personal thing but I feel more in the heart of Disney there. This may be an overly obvious statement or some may disagree. SSR was quite nice and I'd stay there again if booking and avaialbility issues so dictated.
SSR was nice but I did feel a tad detached. We love EPCOT area which is why we are trying for BWV. Just a personal thing but I feel more in the heart of Disney there. This may be an overly obvious statement or some may disagree. SSR was quite nice and I'd stay there again if booking and avaialbility issues so dictated.