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

[ELMC]

Just got the word that Disney waived ROFR on the following two smaller OKW contracts:


OKW - 50 pts / Dec UY / $52 / 2012=50, 2013=0, 2014=50
OKW - 50 pts / Dec UY / $52 / 2012=68, 2013=25, 2014=50

Buyer and Seller split closing costs ($213 each) and seller paid maint for the few 2013 pts (same seller). Submitted to Disney on 2/1/13 and got the news today, 2/26/13

75 of the 2013 pts were borrowed, so the 2012 points need to be used by 11/30/13. A bit messy but I can work with it and I am sure this is why I passed ROFR.

Still waiting on a larger OKW contract with a different broker, but should hear today or tomorrow on that one as well. These were add ons that were submitted after the "other" contract...

Victory! Congrats.

 

[moreisgood]

Just realize only a small percentage of the people purchasing are posting on these boards. Also, some people may feel "embarrassed" to post if they didn't get an awesome deal for whatever reason. So the prices on this site are a bit skewed. It does go to show you that these prices are possible and what does get through ROFR. No matter what you end up at, it's still a lot cheaper than direct!

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.

 

[silmarg]

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 like the analogy!

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.

I would love to see it!

 

[DisneyFansInLINY]

Just realize only a small percentage of the people purchasing are posting on these boards. Also, some people may feel "embarrassed" to post if they didn't get an awesome deal for whatever reason. So the prices on this site are a bit skewed. It does go to show you that these prices are possible and what does get through ROFR. No matter what you end up at, it's still a lot cheaper than direct!

The broker I am using told me flat out that these people are lying. I am not saying that I believe her. As she was trying to sell me a contract that I was hesitant about. So I know it may have been a sales tactic to get me to accept a counter-offer. And it of course worked as I didn't want to take a chance to see if I could find a better deal elsewhere.

The ironic part of it all is that I noticed alot of these so-called "liars" use her realty office lol. I didn't bother to tell her this but thought that it was interesting. I guess brokers don't want you to know or believe this thread!

 

[silmarg]

silmarg --- 160 SSR (Aug), $52.50, '0 12 pts, all '13 & 14 pts, buyer pays closing and mf (sub 2/5)

1/29AM - Offered $50
1/29PM - Countered $55
1/29 - Agreed upon $52.50
2/1 - Contract Recieved
2/4 - Contract Signed
2/5 - Sent to DVD for ROFR.
2/26 - Passed ROFR

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!

 

[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]

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]

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.
--------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
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.
-----------------------------------------------------------------------------------------------------------
You could take this one step further, and use $11 instead of the AD, if you were planning to rent the points out.

 

[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]

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]

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]

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

That is a phenominal deal. Congrats.

 

[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]

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]

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]

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]

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!