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Old 06-17-2013, 04:22 PM   #1
Galun
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How to figure out original purchase price?

I have seen some discussion threads where the original purchase price is compared to the resale price. I am wondering where I can find the original purchase price?

I know how to get to the orange county comptroller website to look up deeds. If it's a resale contract they usually list the new purchase price in the recorded deed and I can calculate the per point price from there.

But how about the original contracts from Disney? I have not seen any that list the purchase price. They do list the deed doc tax and number of points. With current deed doc tax of $0.7/$100, do you estimate the purchase price by deed doc tax x 100 / 0.7? Had the deed doc tax rate changed over the years?

Thanks!
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Old 06-17-2013, 05:17 PM   #2
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You can go to the top of the thread page on this site on which your thread appears, i.e., the Purchasing DVC thread page and click on "Sticky: DVC Resource Center." In there is a history of DVC that includes a history of purchase prices as new. You can compare that to the date of the first deed for a contract if you can trace back to the original owner on the Comptroller's site, which you should be able to do. Note that will give the regular DVC purchase price before accounting for any price reduction incentives that DVD had at the time but it will give you an idea of the approximate price. You will not find the original purchase price on the Comptroller's website because the original deeds do not provide it and the contracts for sale are not filed. However, note that for about the first 12 years or so of DVC, before SSR, the incentives for purchasing, when there were any, were not dollars off the sale price. Instead what Disney would do is give you a $10 per point price reduction ($15 for VB and HH at one point and only $5 for BCV for much of for much of its original sale time) if you gave up your first year points to DVD (which it would use for rentals). Thus, it is difficult to even call that a price reduction.
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Old 06-17-2013, 06:10 PM   #3
Galun
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Quote:
Originally Posted by drusba View Post
You can go to the top of the thread page on this site on which your thread appears, i.e., the Purchasing DVC thread page and click on "Sticky: DVC Resource Center." In there is a history of DVC that includes a history of purchase prices as new. You can compare that to the date of the first deed for a contract if you can trace back to the original owner on the Comptroller's site, which you should be able to do. Note that will give the regular DVC purchase price before accounting for any price reduction incentives that DVD had at the time but it will give you an idea of the approximate price. You will not find the original purchase price on the Comptroller's website because the original deeds do not provide it and the contracts for sale are not filed. However, note that for about the first 12 years or so of DVC, before SSR, the incentives for purchasing, when there were any, were not dollars off the sale price. Instead what Disney would do is give you a $10 per point price reduction ($15 for VB and HH at one point and only $5 for BCV for much of for much of its original sale time) if you gave up your first year points to DVD (which it would use for rentals). Thus, it is difficult to even call that a price reduction.
Great, thanks. I wasn't aware of historical purchase information in that sticky. Based on the date of the original contracts, I actually got the correct purchase price based on the formula on deed doc tax ($0.7 per $100).

If there was a "dollars off per point" incentive, would it have been reflected in the purchase price? Say AKV now is $150 per point and $15 incentive, and the buyer gets 200 points. Would the deed tax be calculated from $30k or $27k?
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Old 06-17-2013, 06:22 PM   #4
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Originally Posted by Galun View Post
If there was a "dollars off per point" incentive, would it have been reflected in the purchase price? Say AKV now is $150 per point and $15 incentive, and the buyer gets 200 points. Would the deed tax be calculated from $30k or $27k?
I do not know for sure, but the Florida Documentary Stamp Tax is supposed to be calculated on the "total consideration paid, given, or to be paid or given, for the transfer" and "tax is due on the total consideration for the transfer regardless of the consideration shown on the face of the deed or other document that transfers the property."

The deed doc tax would be calculated from the exact $$ amount the buyer paid, including all incentives. It is not how many points did the buyer get, but instead, what is the dollar amount the buyer paid for those points.

Although I did not buy a deed direct so I do not know for sure but I am pretty sure that is how it should be calculated.
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Old 06-17-2013, 06:12 PM   #5
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The deed doc tax historically:

7/1/87 - 5/31/91 - $.55
6/1/91 - 7/31/92 - $.60
8/1/92 - present - $.70

Everything besides the original OKW purchases will be $.70. If any deed (Disney or resale) lists the deed doc tax all you do is divide by 0.70 and multiply by 100 to get your original purchase price. If it also shows the # of points you can calculate the price per point.

Note: This will not give you the exact price, but very close. Because the deed doc tax is $.70 for each part of $100 or part thereof. For example, if the sale was for $10,601, the deed doc tax is 107 * .7 = $74.90. But if you take that $74.90 and calculate the price it comes to $74.90 / .7 * 100 = $10,700. You will always be within $99 of the actual price.
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Old 06-17-2013, 06:28 PM   #6
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Originally Posted by iluvthsgam View Post
The deed doc tax historically:

7/1/87 - 5/31/91 - $.55
6/1/91 - 7/31/92 - $.60
8/1/92 - present - $.70

Everything besides the original OKW purchases will be $.70. If any deed (Disney or resale) lists the deed doc tax all you do is divide by 0.70 and multiply by 100 to get your original purchase price. If it also shows the # of points you can calculate the price per point.

Note: This will not give you the exact price, but very close. Because the deed doc tax is $.70 for each part of $100 or part thereof. For example, if the sale was for $10,601, the deed doc tax is 107 * .7 = $74.90. But if you take that $74.90 and calculate the price it comes to $74.90 / .7 * 100 = $10,700. You will always be within $99 of the actual price.
Got it. Thanks for the historical info on deed doc tax. This is really an easy way to figure out how much the original owner paid for the contract.
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Old 07-09-2013, 10:33 AM   #7
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Hi

Just working through this myself.

Having been onto the comptroller site I can see that deed tax of $186.90 was applied the original deed.

So am i right in thinking that dividing that figure by 0.70 and then multiplying by 100 = $26,700

On a 300 point contract I equate that to be $89 per point.

Does that sound about right for a SSR contract being purchased in 2003 i presume in advance of the opening?

I am just trying to establish the savings that I have made in buying resale against the usage they have had and whether it represents value for money against the initial purchase.
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Old 07-09-2013, 10:35 AM   #8
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Originally Posted by ryanl81 View Post
On a 300 point contract I equate that to be $89 per point.

Does that sound about right for a SSR contract being purchased in 2003 i presume in advance of the opening?
stickies are your friend :

http://www.disboards.com/showthread.php?t=2823943

Quote:
Aug 4, 2003 -- $89 per point (SSR Sales begin with $10 discount = $79) with expiration in 2054.
May, 2004 -- SSR opens.
May, 2004 -- $95 per point @SSR, $89 at other DVC resorts.
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Old 07-09-2013, 01:47 PM   #9
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Quote:
Originally Posted by ryanl81 View Post
Hi

Just working through this myself.

Having been onto the comptroller site I can see that deed tax of $186.90 was applied the original deed.

So am i right in thinking that dividing that figure by 0.70 and then multiplying by 100 = $26,700

On a 300 point contract I equate that to be $89 per point.

Does that sound about right for a SSR contract being purchased in 2003 i presume in advance of the opening?

I am just trying to establish the savings that I have made in buying resale against the usage they have had and whether it represents value for money against the initial purchase.
You cannot always determine the cost per point based on the document tax amount that appears on the Orange County Comptroller's website. OCC taxes the gross value of the transaction, which is not necessarily what the buyer actually paid. If buyer received a $10 per point incentive and paid only $23,700 for that 300-point deed, OCC would still compute a tax amount of $186.90.

Even if you knew the amounts of the incentives offered, its still very difficult to determine the price paid for a deed. Disney has offered tiered incentives for several years: Full price for 25-49 points; $5 off 50-99 points; $20 points off 320+ points; etc. If you see a deed for 50 points, then you might assume the buyer got $5 off. However, some buyers split their purchase into multiple smaller deeds and still qualify for the larger incentive. If a buyer bought 350 points as seven 50-point deeds, each deed could get the $20 incentive.
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