Monthly ROFR Data - UPDATED 05/07/2013 - Page 3 - The DIS Discussion Forums

wdrl · 08-10-2010, 09:07 PM

Quote:

Originally Posted by StormalongKay

Okay, so I'm definitely not right 100% of the time....

Google Palm Financial and you will find that it is a Disney affiliate. So disregard my comments about Palm not standing in the same position as Disney!

Palm Financial Services, Inc may be an affiliate of the Disney Corporation, but so is Disney Vacation Development. There may be all sorts of financial or legal requirements/advantages for Palm and DVD to have different standings in a court of law.

By the way, each of the Certificates of Title show that the sales value of the property is $100.00.

frank808 · 08-24-2010, 05:52 PM

With Disney getting so many contracts back for non payment, I would think they would stop hiking the price per point of their contracts.
Just goes to show that even disney is getting hit hard like the other timeshare companies.

corpcomp · 08-24-2010, 06:05 PM

But again, the real question is: why are they buying back so much BCV versus all others?

Mickey'sApprentice · 08-24-2010, 07:10 PM

Quote:

Originally Posted by corpcomp

But again, the real question is: why are they buying back so much BCV versus all others?

I don't know, but my sister (who hasn't bought anywhere yet) would only ever consider buying Beach Club Villas.

She is also probably the same buyer that would balk at purchasing a timeshare resale over the internet.

Plus, the price differential between retail and resale is smaller for BCV.

JimMIA · 08-24-2010, 07:23 PM

Quote:

Originally Posted by Mickey'sApprentice

Plus, the price differential between retail and resale is smaller for BCV.

Really?

The HIGHEST-priced BCV contract I see on the TTS site is priced at $85 per point, with others in the high- to mid-$70's.

DVC's direct price is $115.00 per point with no incentives.

To me, that looks like about $30 per point minimum difference...or roughly 26% resale savings compared to the highest ASKING price resale. Not selling price...asking price.

That seems like a pretty prohibitive price differential to me.

corpcomp · 08-24-2010, 08:37 PM

Quote:

Originally Posted by JimMIA

Really?

The HIGHEST-priced BCV contract I see on the TTS site is priced at $85 per point, with others in the high- to mid-$70's.

DVC's direct price is $115.00 per point with no incentives.

To me, that looks like about $30 per point minimum difference...or roughly 26% resale savings compared to the highest ASKING price resale. Not selling price...asking price.

That seems like a pretty prohibitive price differential to me.

I think what he means is that DVC can buy back this stuff in the high 70's low 80's and resell for $115. $40-50 per point profit for a resort that evidently DVC must consider a strong market for.

Brian Noble · 08-25-2010, 07:17 AM

It's not all profit, though. The rule of thumb in the industry is that marketing represents between 1/4 and 1/2 of the cost (not the price, the *cost*) to develop a unit.

wdrl · 09-03-2010, 01:11 PM

I have updated the monthly ROFR data through August 31, 2010. The chart in Post #1 of this thread now shows contracts reacquired by DVD for June, July, and August 2010. With the exception of two small BLT contracts, the August 2010 ROFRed contracts were from BCV.

In August at the suggestion of lilpooh108, I started tracking the "Sale/Consideration" amount that is reported on each warranty deed recorded at OCC. I know that when DVD sells a contract, the Sale/Consideration amount is the full purchase price before incentives are considered. Thus, a 100 point BLT contract will show a Sale/Consideration amount of $12,000, even though the buyer actually paid only $11,400 after receiving a $6/point incentive. On warranty deeds, I suspect the Sale/Consideration amount is the actual price paid by the buyer since there are no incentives involved.

Based on the Sale/Consideration amounts on the August warranty deeds, it appears that DVD reacquired the BLT points at $99/point and the BCV points at a weighted average of $76.90/point. The BCV points ranged from $67 to $84.

Doug7856 · 09-03-2010, 02:57 PM

Thanks for the update!

Hunclemarco · 09-03-2010, 05:59 PM

Thank you!

dizfan · 09-07-2010, 12:19 PM

wdrl thank you for tracking this information and updating us.

corpcomp · 09-07-2010, 12:41 PM

Thanks - again heavily buying back BCV. Something is going on there.

wdrl · 09-08-2010, 10:20 AM

Thanks to information supplied by a Disboard member, we have been able to get a glimpse of the ROFR time line when DVD decides to buy back a deed:

7/21/2010 - Member makes an offer for 100 BCV points from Unit #21 at $80/point

7/28/2010 - Member is notified that Disney exercises ROFR on offer

8/19/2010 - Seller signs warranty deed transferring 100-point BCV deed to DVD.

9/07/2010 - Warranty deed is recorded and filed at OCC. OCC indicates the "Sale/Consideration" value of deed is $8,000.00

Now, it will be interesting to see how soon DVD sells points from BCV Unit #21.

If other Disboard members have resale contracts ROFRed by DVD, I would appreciate them sending me a PM with the information about the resort, number of points, Unit number, and offer price per point. I can then try to track the ROFRed contract on the OCC website.

Mouse511 · 09-08-2010, 06:58 PM

Excellent post and Compliment to donald1 post.

SabresFan · 09-08-2010, 09:27 PM

Once again, an amazing job and a very valuable service. Thank you for your efforts.

08-24-2010, 06:05 PM	#33
corpcomp The 100 Yard Dash and Mr. D Join Date: Apr 2006 Location: Wilton, CT Posts: 1,047	But again, the real question is: why are they buying back so much BCV versus all others? __________________ Corpcomp 1980-2000 - too many to count March 01 Poly, March 02, 03 Coronado Springs March 04 Caribbean Beaches, March 05, 06 Coronado Springs July 06, April 07, April 08 BCV, June 08 BWV & Yacht Club, Feb 09 BWV, Halloween 09 SSR & BWV, April 10, July 10 BCV & VWL, Aug 11 BWV, Aug 12 BCV, April 13 BCV

09-03-2010, 01:11 PM	#38
wdrl DIS Veteran Join Date: May 2009 Location: BLT & AKV Posts: 1,908	ROFR Data Updated for August 2010 I have updated the monthly ROFR data through August 31, 2010. The chart in Post #1 of this thread now shows contracts reacquired by DVD for June, July, and August 2010. With the exception of two small BLT contracts, the August 2010 ROFRed contracts were from BCV. In August at the suggestion of lilpooh108, I started tracking the "Sale/Consideration" amount that is reported on each warranty deed recorded at OCC. I know that when DVD sells a contract, the Sale/Consideration amount is the full purchase price before incentives are considered. Thus, a 100 point BLT contract will show a Sale/Consideration amount of $12,000, even though the buyer actually paid only $11,400 after receiving a $6/point incentive. On warranty deeds, I suspect the Sale/Consideration amount is the actual price paid by the buyer since there are no incentives involved. Based on the Sale/Consideration amounts on the August warranty deeds, it appears that DVD reacquired the BLT points at $99/point and the BCV points at a weighted average of $76.90/point. The BCV points ranged from $67 to $84. __________________ Last edited by wdrl; 09-03-2010 at 01:14 PM. Reason: typo

09-03-2010, 02:57 PM	#39
Doug7856 DIS Veteran Join Date: Sep 2003 Location: SSR Posts: 1,586	Thanks for the update! __________________ Doug

09-03-2010, 05:59 PM	#40
Hunclemarco DIS Veteran Join Date: May 2008 Location: Syracuse, NY Posts: 1,680	Thank you! __________________ Click here for the Tomorrowland Terrace Dessert Party Information Thread Click here for Dessert Party ADR Date lists Click here for Dessert Party Reservation List January 1979 Offsite; January 1992 POR; March 1999Honeymoon ; May 2002 CBR; May 2008 Offsite; November 2008 CBR March 2009 DVC SSR, BCV; August 2009 DVC AKV,BCV; December 2009 DVC SSR; February 2010 DVC BCV; November 2010 DVC BWV; May 2011 POP; March 2012 DCL Dream and POP; May 2012 POP; April 2013 DVC BCV

09-07-2010, 12:41 PM	#42
corpcomp The 100 Yard Dash and Mr. D Join Date: Apr 2006 Location: Wilton, CT Posts: 1,047	Thanks - again heavily buying back BCV. Something is going on there. __________________ Corpcomp 1980-2000 - too many to count March 01 Poly, March 02, 03 Coronado Springs March 04 Caribbean Beaches, March 05, 06 Coronado Springs July 06, April 07, April 08 BCV, June 08 BWV & Yacht Club, Feb 09 BWV, Halloween 09 SSR & BWV, April 10, July 10 BCV & VWL, Aug 11 BWV, Aug 12 BCV, April 13 BCV

08-24-2010, 05:52 PM	#32
frank808 DVC Member Join Date: Jul 2010 Location: Aulani Posts: 125	With Disney getting so many contracts back for non payment, I would think they would stop hiking the price per point of their contracts. Just goes to show that even disney is getting hit hard like the other timeshare companies.

08-25-2010, 07:17 AM	#37
Brian Noble His Curmudgeonly Highness Join Date: Mar 2004 Location: The People's Republic of Ann Arbor, MI Posts: 11,266	It's not all profit, though. The rule of thumb in the industry is that marketing represents between 1/4 and 1/2 of the cost (not the price, the cost) to develop a unit.

09-07-2010, 12:19 PM	#41
dizfan DIS Veteran Join Date: Dec 1999 Location: WI Posts: 1,605	wdrl thank you for tracking this information and updating us.

09-08-2010, 10:20 AM	#43
wdrl DIS Veteran Join Date: May 2009 Location: BLT & AKV Posts: 1,908	Thanks to information supplied by a Disboard member, we have been able to get a glimpse of the ROFR time line when DVD decides to buy back a deed: 7/21/2010 - Member makes an offer for 100 BCV points from Unit #21 at $80/point 7/28/2010 - Member is notified that Disney exercises ROFR on offer 8/19/2010 - Seller signs warranty deed transferring 100-point BCV deed to DVD. 9/07/2010 - Warranty deed is recorded and filed at OCC. OCC indicates the "Sale/Consideration" value of deed is $8,000.00 Now, it will be interesting to see how soon DVD sells points from BCV Unit #21. If other Disboard members have resale contracts ROFRed by DVD, I would appreciate them sending me a PM with the information about the resort, number of points, Unit number, and offer price per point. I can then try to track the ROFRed contract on the OCC website. __________________

09-08-2010, 06:58 PM	#44
Mouse511 DIS Veteran Join Date: Mar 2006 Location: Connecticut Posts: 1,196	Excellent post and Compliment to donald1 post. __________________ 10/99 Dixie Landings -- 03/00 Offsite-Universal Studios -- 10/01 Port Orleans Riverside -- 10/03 Caribbean Beach -- 12/06 Wilderness Lodge -- 09/07 Wilderness Lodge -- 10/07 WDW Swan -- 10/08 Saratoga Springs -- 02/09 Old Key West -- 10/09 Vero Beach & Old Key West -- 11/10 Old Key West -- 5/11 Bay Lake Tower -- 11/12 Old Key West

09-08-2010, 09:27 PM	#45
SabresFan Mouseketeer Join Date: Aug 2010 Location: Buffalo, NY Posts: 112	Once again, an amazing job and a very valuable service. Thank you for your efforts.

Thread Tools
Show Printable Version Email this Page
Display Modes	Rate This Thread
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode	Rate This Thread: