Anyone made it through (or not made it through) ROFR recently? - Section V

[kenly777]

I would live to read this info. Thanks!


Just thought I'd add a little aside about how quick my closing through TSS went. I sent my funds out late Friday night. The woman at the post office said that my check would get to Florida on Monday. I received an email Monday afternoon that the closing was already completed! Lets hope the points get loaded in this timely a fashion

[kenly777]

Originally Posted by moreisgood

As I thought. I'm a real estate agent, and everyone loves to tell about the "steal" they got, but when they pay the typical price, they talk about the great back yard!

I have come up with a set of equations that I think determine the "real" price of a contract, factoring in the points available situation. Is there anything like that here that I haven't seen? I'd like to see if I got it right, and I'd be willing to share it if there is interest.

My previous comment about reading the info was in reference to this, just pushed the wrong button on my iPhone

[moreisgood]

Originally Posted by silmarg

I like the analogy!


I would love to see it!

As you'll see, I was an engineer before I was a real estate agent. A little nerdy, but I think it's a realistic way to compare resale contracts.

DVC Contract Point value calculations
Looking for the AVP or actual value per point, of a contract.
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XP = Extra points available with the contract, from previous years, ex. 2011, 2012 points
MP = Missing points from the contract, from this year or future years, ex. 2013, 2014 points
AD = annual dues/point for the resort
CP = number of points on the contract each year
AP = asking price per point for the contract
AVP = actual value per point of the contract
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IF there are Extra points (points available outside of the current year – now 2013)
AP - ((XP x AD) /CP ) = AVP

AVP should be more than the AP.
Hint – if there are exactly a year’s worth of extra points, the AVP will just be the AP – AD.

IF the contract is missing points (no points for the current year, or even next year)
AP + ((MP x AD) /CP ) = AVP
AVP should be less than the AP.
Hint – if there are exactly a year’s worth of missing points, the AVP will just be the AP + AD.

If the contract has no extra or missing points, the AVP is the AP – no math needed.
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You could take this one step further, and use $11 instead of the AD, if you were planning to rent the points out.

[puffkin]

Originally Posted by puffkin

Went to ROFR on 2/5/13. Purchased through Shawn Ray with Fidelity.

115 SSR (FEB) no banked or 2013 points. All 2014 points forward. Buyer paying closing and $195 admin. Seller paid 2013 MF since points were used. $48 per point.

I know many of you would not even consider a contract like this since it is somewhat stripped, but it fit our needs for a variety of reasons and I feel like we got it for a fair price.

Just received word that Disney waived ROFR Just waiting for Fidelity to send the closing paperwork

[mort1331]

very nice puff, congrats

[elcid3]

Originally Posted by silmarg

Just got my email from Fidelity. Passed ROFR!

Pretty quick - the fact that I was on the Disney Fantasy last week make the wait much more palatable!

congrats! My contract was also submitted on 2/5 through Fidelity so I keep checking my email!

[Breyean]

Got a call from the title company yesterday about my VGC contract that passed ROFR last week.

Seems this title company doesn't actually charge the deposit you send in with the contract to your card until you pass ROFR. As the woman put it to me, Disney buys back enough contracts that they don't want to waste time putting through a charge only to have to reverse it a month later if the contract gets ROFR'd.

She also said Disney closes fast compared with other timeshares, of which I have no point of reference.

Anyway, one step closer, as her email states...

Please find attached the receipt for the closing deposit regarding your purchase at the above named resort. Your file will be given to a closing agent today and you should receive your documents within the next 1-2 weeks.

Thank you and have a great day! J

[elcid3]

Originally Posted by elcid3

elcid3 210 BWV (June) $50, 210 11', 210 12', 210 13' points, Buyer pays closing, Seller pays 2013 maintenance (sub 2/5)

Just found out we passed!! This is our first DVC purchase!

[silmarg]

Originally Posted by elcid3

Just found out we passed!! This is our first DVC purchase!

That is a phenominal deal. Congrats.

[fmer55]

Originally Posted by fmer55

Contracts signed and sent to ROFR today....

BLT 160 Feb UY 2013-160 and all points forwrd. Buyer pays MF and Closing. $75pp

Passed ROFR today

Sent 1/31, passed 2/26

[DannysMom]

Some really great deals getting through! Congrats!

Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!

[lville23]

Originally Posted by elcid3

Just found out we passed!! This is our first DVC purchase!

is this a miss print?! $50 for a loaded contract and seller pays maint fees. Man-o-man. I want you to negotiate my next car purchase!

[emgal]

Originally Posted by elcid3

Just found out we passed!! This is our first DVC purchase!

Congrats!

This is just like our contract! - 210 BWV (June). Although our points distribution is slightly different.

I'm hoping to hear today. Went in on 1/30.

[Joey7295]

Originally Posted by Joey7295

Submitted on 2/4

BWV 200 points June UY - $50/point. 200 banked 2011 points, 200 banked 2012 points and all 200 going forward. Seller pays 2013 MF, Buyer pays closing and admin fee.

Just found out we passed

[lville23]

Originally Posted by Joey7295

Just found out we passed

Congrats! These are some good deals. Joey is going to buy out SSR the way he is snatching up the points!