ROFR Stats

[bdoleary]

Nice work! Thanks for sharing!

 

[ImagineerTHAT]

DATE: 6/17 (Submitted to OC website)

AKV Passed
100 Pts $75 PP (Passed ROFR 5/13)

SSR Passed
125 Pts $60 PP (Passed ROFR 5/27)
175 Pts $67 PP (Passed ROFR 6/10)

BWV Passed
250 Pts $81 PP (Passed ROFR 5/27)
150 Pts $73 PP (Passed ROFR 6/10)

 

[dvcwill]

I've got a contract at rofr right now for 59.50 so you're posts here are giving me hope!

But it does look like prices have jumped up a bit in the past few months.

 

[ImagineerTHAT]

DATE: 6/18 (Submitted to OC website)

BLT Passed
100 Pts $98 PP (Passed ROFR 6/3)
100 Pts $102 PP (Passed ROFR 6/3)
160 Pts $93 PP (Passed ROFR 6/3)

AKV Passed
100 Pts $74 PP (Passed ROFR 5/21)
100 Pts $74 PP (Passed ROFR 5/21)
160 Pts $67.50 PP (Passed ROFR 5/13)
175 Pts $67.43 PP (Passed ROFR 5/13)
160 Pts $66 PP (Passed ROFR 5/27)

SSR Passed
300 Pts $60 PP (Passed ROFR 5/13)
150 Pts $60 PP (Passed ROFR 5/13)
100 Pts $63 PP (Passed ROFR 5/27)
50 Pts $80 PP (Passed ROFR 6/3)
400 Pts $64 PP (Passed ROFR 5/13)
150 Pts $68 PP (Passed ROFR 5/28)
350 Pts $56 PP (Passed ROFR 3/12)
160 Pts $63.13 PP (Passed ROFR 5/13)
300 Pts $68 PP (Passed ROFR 6/3)

VWL Passed
220 Pts $63.18 PP (Passed ROFR 4/30)

OKW Passed
150 Pts $58 PP (Passed ROFR 6/10)
150 Pts $60 PP (Passed ROFR 6/10)
240 Pts $54 PP (Passed ROFR 2/19)
220 Pts $62 PP (Passed ROFR 5/21)
200 Pts $59 PP (Passed ROFR 5/13)

BCV Passed
275 Pts $76.45 PP (Passed ROFR 6/3)
30 Pts $85 PP (Passed ROFR 6/3)
175 Pts $79.43 PP (Passed ROFR 5/21)

BWV Passed
150 Pts $74 PP (Passed ROFR 5/27)
100 Pts $77 PP (Passed ROFR 6/12)
50 Pts $73 PP (Passed ROFR 5/21)

 

[bcvlover]

Was there no rofr or closings on hhi or Vbr for June?

 

[ImagineerTHAT]

Was there no rofr or closings on hhi or Vbr for June?

The website I use is only for deeds processed in Orange County, FL. So it limits the ROFR data to resorts at WDW. I don't get data for VGC, Aulani, HH or VBR (at least I'm pretty sure that's why I don't).

 

[twinsouvenirs]

pretty sure you are right. deeds need to be recorded in the county where the property is located.

 

[ImagineerTHAT]

DATE: 6/21 (Submitted to OC website)

BLT Passed
160 pts $95 PP (Passed ROFR 5/27)

AKV Passed
240 pts $63 PP (Passed ROFR 5/13)

SSR Passed
150 pts $66 PP (Passed ROFR 6/10)
250 pts $58 PP (Passed ROFR 6/3)
70 pts $78 PP (Passed ROFR 6/3)

VWL Passed
200 pts $56 PP (Passed ROFR 6/3)
400 pts $65 PP (Passed ROFR 6/3)

VWL ROFR'd
350 pts $57 PP
150 pts $72 PP

OKW Passed
55 pts $80 PP (Passed ROFR 5/21)
150 pts $55 PP (Passed ROFR 5/6)

OKW ROFR'd
120 pts $66 PP
230 pts $62 PP

BCV Passed
160 pts $78 PP (Passed ROFR 6/3)
250 pts $62 PP (Passed ROFR 4/29)

 

[DVCanadian]

So after a period of time will this give insight into the size of the resale market for the WDW DVC properties?

Are there any sales not included?

Not a single SSR got ROFR'd. Not a surprise considering the volume of points at SSR.

 

[wdrl]

Do you include Affidavits in your search criteria? Sometimes, DVD's Notices of Waiver are filed on the OCC website as Affidavits instead of Notices. Don't ask me why its done that way.

Also, did you skip 6/20 when compiling your stats? There was an interesting bankruptcy-related filing that should skew your numbers for BCV.

 

[ImagineerTHAT]

So after a period of time will this give insight into the size of the resale market for the WDW DVC properties?

Are there any sales not included?

Not a single SSR got ROFR'd. Not a surprise considering the volume of points at SSR.

I'm including everything that I can find listed on the OC website. I'm probably missing a few as I just search notices and deeds. I also don't go into detail on each deed, just look for what I know. It should give a basic representation on size and date.

SSR and AKV usually don't get ROFR'd since I've started checking.

 

[dmunsil]

Do you include Affidavits in your search criteria? Sometimes, DVD's Notices of Waiver are filed on the OCC website as Affidavits instead of Notices. Don't ask me why its done that way.

Yes, and I've seen at least one instance (from my massive 500-deed troll through BWV this weekend) where the notice was filed as a Deed! Apparently the amount of vetting being done by the OC recorder is... not a lot.

I also saw deeds filed with misspellings like BORADWALK, BOARDWLK, etc. in the "legal notes" field. Usually either the notice or the deed had the correct name in the field, so once I had one I could find the other. But if both were misspelled, I wouldn't know.

 

[ImagineerTHAT]

Do you include Affidavits in your search criteria? Sometimes, DVD's Notices of Waiver are filed on the OCC website as Affidavits instead of Notices. Don't ask me why its done that way.

Also, did you skip 6/20 when compiling your stats? There was an interesting bankruptcy-related filing that should skew your numbers for BCV.

I don't look for affidavits at all. I filter my search by notice when looking for waivers. I will look into that though...didn't know some waivers are posted as affidavits.

I don't run the numbers everyday. If I can get 15-20 min at work I usually do a quick check and transfer the numbers into an Excel file and post them. Probably will miss some stretches of time....but others are free to post if they are following the same trends.

I'm interested in the BCV bankruptcy filing...what was the outcome?

 

[dmunsil]

So after a period of time will this give insight into the size of the resale market for the WDW DVC properties?

The most complete look at the last six months as far as number of contracts that changed hands is the numbers I put together a while back. ImagineerTHAT is using a slightly different approach than I did, because he's starting from the Notice of Waiver and using that info to track down the deeds. That gives him the Waiver date, which is more accurate than the date on the deed. Still, it gives you rough ratios of sales to ROFR exercises and third-party sales to direct sales:

http://www.disboards.com/showthread.php?t=3120984

I plan to update the chart with June data once all the deeds are filed and proofed, so maybe a week or so into July.

 

[wdrl]

I don't look for affidavits at all. I filter my search by notice when looking for waivers. I will look into that though...didn't know some waivers are posted as affidavits.

[snip]

I'm interested in the BCV bankruptcy filing...what was the outcome?

There are a few oddities with the filings on OCC, as well as mislabeled items. I've seen enough Marriott and Wyndham deeds mislabeled as DVC deeds to know there are probably some DVC deeds mislabeled as Marriott and Wyndham. OCC is having a bit of difficulty with Villas at Grand Floridian Unit 01I -- it sometimes labels it as Unit 01L, which does not exist. All of this just makes it more fun when playing around with the records.

Although the BCV record was not titled as a warranty deed, it appears to be one. It transfers ownership of 750 BCV points to DVD and there is no mention of foreclosure.

 

[mvndvm]

Potential dumb question, but why are there decimal points? Do people really negotiate down to the cents? Or is the price a combination of price per point plus closing fee plus MF?

 

[collections]

Although the BCV record was not titled as a warranty deed, it appears to be one. It transfers ownership of 750 BCV points to DVD and there is no mention of foreclosure.

Could it be this contract?

http://www.ebay.com/itm/Timeshare-7...ach-Club-Villas-Bankruptcy-Sale-/160998369287

 

[wdrl]

Could it be this contract?

http://www.ebay.com/itm/Timeshare-7...ach-Club-Villas-Bankruptcy-Sale-/160998369287

Probably so. It fits the description.

 

[ImagineerTHAT]

Potential dumb question, but why are there decimal points? Do people really negotiate down to the cents? Or is the price a combination of price per point plus closing fee plus MF?

Certain title companies post the sale price, so you can just do a Cost/Pts to get price per point...and it always works out to exact dollar amounts.

Others don't include the cost, so you have to get it from the deed tax, which is 0.70 per $100. When doing that, there are usually cents left over.

 

[rusafee1183]

This is the most interesting and valuable part for me. Thanks for taking your time to do it.

Unfortunately, I think people are more likely to post in the ROFR thread if they think they got a bargain than if they think they may have paid more than others for the same thing.

Thus, I think people are getting a skewed view of what the market really is - i.e., the ROFR threads tends to make people think the going prices are lower than they actually are. Then those folks get frustrated when their "fair" offers are rejected or if they see others making full price offers.

This is a really good point. And these numbers actually make me feel better about my offer. We aren't closing on VWL contract until August - but it passed for $79pp (2 seperate contracts, 1 for 25 and 1 for 100)

After reviewing the ROFR thread, I noticed that I paid higher than any other contract in my point range which made me second guess myself - even though I was originally content with the price. Now, seeing these numbers and seeing that there actually was a VWL ROFR'd for $73 pp and I am totally willing to pay the extra $750 in order to pass.