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06-26-2012, 12:32 PM   #2881
fmer55
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Quote:
 Originally Posted by catpainter Silly question ... What is method 1? Is there a method 2 also? I am SO out of the LOOP!
If Doug cares to expound i will let him do so, but i will not be the one to give away his thought process, he is much smarter than me
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06-26-2012, 01:09 PM   #2882
DougEMG
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Quote:
 Originally Posted by catpainter Silly question ... What is method 1? Is there a method 2 also? I am SO out of the LOOP!
When comparing different contracts I use a number of different methods to determine the costs of that contract. Note this is not value as value is in the wye of the beholder

I use method 1 when planning on renting out any points that come with the contract. So the formula I use is:

((\$/point*#points + closing costs + any MF) - (rental rate * #points the contract has) ) / #points

I would use method 2 if I planned to use the points myself, then the formula is:

((\$/point*#points + closing costs + any MF) - (Annual MF * #points the contract has) ) / #points

where
#points = the size of the contract
\$/point = the price per point I'm paying
#points the contract has = how many points does the contract come with (ie assuming it is 2012 a contract with 100 2010, 200 2011 and 200 2012 would have 500 points on it)
rental rate = what I think I can rent the points out at. If the points are good for 5+ months I use \$11 (use to use \$10), anything less and I reduce the rate)
any MF = if I'm paying anything towards MF in the purchase

There are a couple of other things you can then do like dividing those costs by the number of years left on the contract and then adding in your annual MF to give you what your points are costing you each year.

So as an example:

BWV 300 points, comes with 530 points on Aug 2012. Price \$54/point + \$525 closing.

Method 1 = ( (\$54/point*300 +\$525) - (530points * \$11/point) ) / 300 points = \$36.32/point

Divide that by the number of years left (29) and you get \$1.25/point/year.
Add the annual MF to that and you get \$6.87/point for what you are currently paying.

Method 2 = \$45.82/point

Divide that by the number of years left (29) and you get \$1.58/point/year.
Add the annual MF to that and you get \$7.20/point for what you are currently paying.

So this is just a number of ways to compare different contracts and different resorts on a price bases only. You can see right away though that the killer in the longer run is MF. What this also does is show how valuable getting points on your contract is without having to pay MF on them.
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 06-26-2012, 02:39 PM #2883 hoosiermike Mouseketeer     Join Date: Dec 2008 Location: Fishers, IN Posts: 83 Add my name to the list of those receiving good news. I passed ROFR today! My contract was 150 pts (Aug UY) @ VWL for \$53/pt with buyer paying closing costs and splitting MF with seller. Contract purchased through Sharon at Fidelity. Happy, happy...joy, joy! Can't wait to officially join the community of DVC owners. Thanks again to everyone on this board with all of your helpful and insightful advice and encouraging support. __________________ 06 - WL, 08 - WL, 09 - BCV, 10 - SSR, 11 - RPR
06-26-2012, 02:42 PM   #2884
fmer55
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Posts: 512

Quote:
 Originally Posted by hoosiermike Add my name to the list of those receiving good news. I passed ROFR today! My contract was 150 pts (Aug UY) @ VWL for \$53/pt with buyer paying closing costs and splitting MF with seller. Contract purchased through Sharon at Fidelity. Happy, happy...joy, joy! Can't wait to officially join the community of DVC owners. Thanks again to everyone on this board with all of your helpful and insightful advice and encouraging support.
Congratulations
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06-26-2012, 02:44 PM   #2885
cz4ever
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Quote:
 Originally Posted by hoosiermike Add my name to the list of those receiving good news. I passed ROFR today! My contract was 150 pts (Aug UY) @ VWL for \$53/pt with buyer paying closing costs and splitting MF with seller. Contract purchased through Sharon at Fidelity. Happy, happy...joy, joy! Can't wait to officially join the community of DVC owners. Thanks again to everyone on this board with all of your helpful and insightful advice and encouraging support.
Excellent news -- congratulations!

06-26-2012, 03:03 PM   #2886
DizBub

Join Date: Dec 2010
Location: Washington, IL
Posts: 1,633

Quote:
 Originally Posted by hoosiermike Add my name to the list of those receiving good news. I passed ROFR today! My contract was 150 pts (Aug UY) @ VWL for \$53/pt with buyer paying closing costs and splitting MF with seller. Contract purchased through Sharon at Fidelity. Happy, happy...joy, joy! Can't wait to officially join the community of DVC owners. Thanks again to everyone on this board with all of your helpful and insightful advice and encouraging support.
Congratulations!!! When was it submitted?

06-26-2012, 03:03 PM   #2887
Missyrose
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Location: Reston, Va.
Posts: 6,178

Quote:
 Originally Posted by DougEMG Passed ROFR today on the following contract. BWV 300 points UY AUG. Comes with 530 point on Aug 2012. Price was \$54/point + buyer pays closing.
Quote:
 Originally Posted by DougEMG Passed ROFR on the following contract: SSR 200 points DEC UY. Comes with 92 banked 2010 points, 200 banked 2011 points and 200 2012 points. Price was \$54/point + buyer pays closing + buyer pays half the 2012 MF
Congrats on both wins Doug!
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 06-26-2012, 03:29 PM #2888 garryblueboy Earning My Ears   Join Date: Jun 2012 Location: Huntingdon UK Posts: 10 Just heard we passed ROFR 250 points SS March use \$56 point Buyer pays fees seller pays Maint that seemed the longest wait ever glad its over can start to make plans .
06-26-2012, 03:31 PM   #2889
DizBub

Join Date: Dec 2010
Location: Washington, IL
Posts: 1,633

Quote:
 Originally Posted by garryblueboy Just heard we passed ROFR 250 points SS March use \$56 point Buyer pays fees seller pays Maint that seemed the longest wait ever glad its over can start to make plans .
Congratulations and Welcome!!

 06-26-2012, 03:42 PM #2890 DannysMom DIS Veteran     Join Date: Jun 2007 Location: Central NJ Posts: 2,014 Congrats to all that passed ROFR!! Doug, your math was making my brain hurt. __________________ --Me! & DH ,- 10 YEARS OLD, mild CP, & a Disney fan & twins, & --4! DVC BCV owners!
06-26-2012, 04:00 PM   #2891
DougEMG
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Join Date: Aug 2008
Posts: 1,567

Quote:
 Originally Posted by hoosiermike Add my name to the list of those receiving good news. I passed ROFR today! My contract was 150 pts (Aug UY) @ VWL for \$53/pt with buyer paying closing costs and splitting MF with seller. Contract purchased through Sharon at Fidelity. Happy, happy...joy, joy! Can't wait to officially join the community of DVC owners. Thanks again to everyone on this board with all of your helpful and insightful advice and encouraging support.

Quote:
 Originally Posted by garryblueboy Just heard we passed ROFR 250 points SS March use \$56 point Buyer pays fees seller pays Maint that seemed the longest wait ever glad its over can start to make plans .

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06-26-2012, 04:03 PM   #2892
DougEMG
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Join Date: Aug 2008
Posts: 1,567

Quote:
 Originally Posted by DannysMom Doug, your math was making my brain hurt.
The non math version is "The more points you get without paying MF on them the better."
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06-26-2012, 04:10 PM   #2893
DannysMom
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Join Date: Jun 2007
Location: Central NJ
Posts: 2,014

Quote:
 Originally Posted by DougEMG The non math version is "The more points you get without paying MF on them the better."
Ok that I can understand. So if I get my contract I'll have done pretty well, getting 260 MF-free points. Although 60 of those will be in a use or lose position, expiring on 1/31/13.
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DVC BCV owners!

 06-26-2012, 04:12 PM #2894 Shazzasmd Mouseketeer     Join Date: Nov 2011 Posts: 303 Great deal, hoosiermike! We also received word we passed ROFR today (submitted 5/28). VWL 160pts, Dec UY, 24 2010 pts banked, 160 2011 points banked, all pts going forward. Buyer pays MF and CC. \$65/pt Not the best VWL deal, but we're happy. Now to find a BCV contract. __________________ Sharon Last edited by Shazzasmd; 06-26-2012 at 04:32 PM.
06-26-2012, 05:03 PM   #2895
DizBub

Join Date: Dec 2010
Location: Washington, IL
Posts: 1,633

Quote:
 Originally Posted by Shazzasmd Great deal, hoosiermike! We also received word we passed ROFR today (submitted 5/28). VWL 160pts, Dec UY, 24 2010 pts banked, 160 2011 points banked, all pts going forward. Buyer pays MF and CC. \$65/pt Not the best VWL deal, but we're happy. Now to find a BCV contract.
Congratulations!!

It took the full 30 days? I can only hope we hear next Tuesday.

Have fun planning!!

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