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Old 06-26-2012, 05:09 PM   #2896
ELMC
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Originally Posted by DannysMom View Post
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.
That's an eternity for you to use those points. If you're so inclined, you should have no problems renting those points out either on the rent/trade board or through a broker. Something to consider if it looks like they're going to go to waste.
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Old 06-26-2012, 05:09 PM   #2897
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Originally Posted by Shazzasmd View Post
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.
Yay Sharon! So glad to hear you're through ROFR. Enjoy VWL!
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Old 06-26-2012, 05:18 PM   #2898
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Originally Posted by ELMC View Post
That's an eternity for you to use those points. If you're so inclined, you should have no problems renting those points out either on the rent/trade board or through a broker. Something to consider if it looks like they're going to go to waste.
Really? I have only just entered my ROFR wait. If things go swimmingly well maybe we close in August, perhaps Sept if things are pokey. With F&W and then the holiday season, I was thinking even getting them rented (in Sept) would be dicey.
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Old 06-26-2012, 05:25 PM   #2899
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Originally Posted by DannysMom View Post
Really? I have only just entered my ROFR wait. If things go swimmingly well maybe we close in August, perhaps Sept if things are pokey. With F&W and then the holiday season, I was thinking even getting them rented (in Sept) would be dicey.
I bet you could rent them in mid-late Jan. We're in ROFR right now and are hoping to take an end of Jan trip with our points.


Congrats to all those who passed today!
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Old 06-26-2012, 05:42 PM   #2900
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Originally Posted by DannysMom View Post
Really? I have only just entered my ROFR wait. If things go swimmingly well maybe we close in August, perhaps Sept if things are pokey. With F&W and then the holiday season, I was thinking even getting them rented (in Sept) would be dicey.
Your best bet will be a January reservation. Even with a slow closing, that still gives you about 5 months to make the reservation. There should be plenty of availability at the usual suspects (SSR, OKW and possibly AKV). Don't worry, you'll be fine.
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Old 06-26-2012, 06:42 PM   #2901
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Congrats to all who made it through ROFR Tuesday!
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Old 06-26-2012, 07:04 PM   #2902
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Congratulations to all that passed ROFR today.
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Old 06-26-2012, 07:05 PM   #2903
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Originally Posted by DannysMom View Post
Really? I have only just entered my ROFR wait. If things go swimmingly well maybe we close in August, perhaps Sept if things are pokey. With F&W and then the holiday season, I was thinking even getting them rented (in Sept) would be dicey.
I agree with ELMC that you should have no problem getting them rented.

Now I've got 270 points expiring the end of July which I'll have to fire sale to get rid of and I'm still waiting to have them added to my account.
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Old 06-26-2012, 08:07 PM   #2904
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Firpta?

Congrats to all that passed today!!!


Have any recent purchasers purchased from a foreign seller? I received a FIRPTA notice with our closing paperwork today regarding a 10% withholding that must be submitted to the IRS by the buyer within 20 days of closing. As I read the IRC and notice (I am a tax nerd) it does not look like the sale of a time share automatically falls into an exemption. I truly doubt this sale is a gain, but it looks like it is up to the IRS to decide, not me, seller, title company or any realtor. Any one else run into this? What did you do? Closing docs only include this notice and the balance sheet sent to us does not account for any withholding. Thanks!
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Old 06-26-2012, 08:29 PM   #2905
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Congrats to both Sharon and Mike on their VWL contracts. I will be joining you guys too as my contract passed today!

Here are my contract details:
VWL 130 Pts Aug UY, $55 per point
Submitted 5/29, Passed 6/26
130 2010 points exp 7/31/12
130 2011 banked points, exp 7/31/13
130 2012 points
Buyer pays closing and MF
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Old 06-26-2012, 08:49 PM   #2906
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Originally Posted by hoosiermike View Post
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 gatorgirl02 View Post
Congrats to both Sharon and Mike on their VWL contracts. I will be joining you guys too as my contract passed today!

Here are my contract details:
VWL 130 Pts Aug UY, $55 per point
Submitted 5/29, Passed 6/26
130 2010 points exp 7/31/12
130 2011 banked points, exp 7/31/13
130 2012 points
Buyer pays closing and MF
Hilarious. I fought tooth and nail for $58PP on my VWL contract down from $72PP anyway, was told my odds were not good to pass rofr. I laugh now hearing $53 and $55PP passed? congratsts you two.

I demand a re-offer lol.
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Old 06-26-2012, 08:53 PM   #2907
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Quote:
Originally Posted by gatorgirl02 View Post
Congrats to both Sharon and Mike on their VWL contracts. I will be joining you guys too as my contract passed today!

Here are my contract details:
VWL 130 Pts Aug UY, $55 per point
Submitted 5/29, Passed 6/26
130 2010 points exp 7/31/12
130 2011 banked points, exp 7/31/13
130 2012 points
Buyer pays closing and MF
Congrats all around tp all you new VWL owners!
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Old 06-26-2012, 09:38 PM   #2908
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Originally Posted by Nigel8600 View Post
Hilarious. I fought tooth and nail for $58PP on my VWL contract down from $72PP anyway, was told my odds were not good to pass rofr. I laugh now hearing $53 and $55PP passed? congratsts you two.

I demand a re-offer lol.
Who told you your $58 p/p wouldn't pass ROFR, your broker? Which one are you using?
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'86, '90, '94, '98, '09, '10 -- Off site, 10/2011 -- CR, 3/2012 -- Windsor Hills, 10/2012 -- BCV/AKV-Jambo, 01/2013 -- BWV, 5/2013 -- BLT, 10/2013 -- YC CL, 5/2014 -- BWV, 08/2014 -- VGF/BLT, 12/2014 -- BWV, 4/2015 -- BLT

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Old 06-26-2012, 09:56 PM   #2909
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Originally Posted by DizBub View Post
Congratulations!!! When was it submitted?
My contract was submitted on 5/31.
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Old 06-26-2012, 10:01 PM   #2910
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Quote:
Originally Posted by Shazzasmd View Post
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 Sharon. Hope to see you around the Lodge someday!
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