Anyone made it through (or not made it through) ROFR recently? - Section IV

[hoosiermike]

Originally Posted by gatorgirl02

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

Congratulations gatorgirl02! Once I heard that my contract had passed, I started wondering if you would receive good news as well today. See you around the Lodge!

[poohbear52]

Congrats to Everyone that passed rofr

[catpainter]

Originally Posted by DougEMG

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.

Thanks for sharing, Doug. You must have put a lot of work into figuring that all out!

[catpainter]

We were WAY excited to pass ROFR today on our BLT contract. Looks like lots of people got good news too!

Congratulations to everyone who passed!

[Shazzasmd]

Gatorgirl02 - Congrats on another nice VWL contract!!!

Congrats to everyone else who received good news this week.

[belle&beastcrazy]

I have been reading this thread for a while. Thanks for all the Info. We pass ROFR on Tuesday a 260 Feb. UY at SSR seller paying MF buyer paying closing went on 6/6

[marsh0013]

Originally Posted by belle&beastcrazy

I have been reading this thread for a while. Thanks for all the Info. We pass ROFR on Tuesday a 260 Feb. UY at SSR seller paying MF buyer paying closing went on 6/6

congrats! we also went on 6/6 but did not hear back yet! darn, another week to wait, hope ours comes back next tuesday

[DougEMG]

Originally Posted by belle&beastcrazy

I have been reading this thread for a while. Thanks for all the Info. We pass ROFR on Tuesday a 260 Feb. UY at SSR seller paying MF buyer paying closing went on 6/6

Now you got me worried, I've got a SSR contract that I was told went in June 1st and I haven't heard anything on it yet.

[gatorgirl02]

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.

CONGRATS Doug on both your contracts! Great deals

[gatorgirl02]

Originally Posted by Nigel8600

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.

Lemmie guess, TSS...

[gatorgirl02]

Originally Posted by cz4ever

Congrats all around tp all you new VWL owners!

Thanks! We are super excited about this one

[gatorgirl02]

Originally Posted by hoosiermike

Congratulations gatorgirl02! Once I heard that my contract had passed, I started wondering if you would receive good news as well today. See you around the Lodge!

Thanks Mike! We are really happy it went through. Congrats to you too and we will see you around!

[gatorgirl02]

Originally Posted by Shazzasmd

Gatorgirl02 - Congrats on another nice VWL contract!!!

Congrats to everyone else who received good news this week.

Thanks Sharon!

[gatorgirl02]

Originally Posted by belle&beastcrazy

I have been reading this thread for a while. Thanks for all the Info. We pass ROFR on Tuesday a 260 Feb. UY at SSR seller paying MF buyer paying closing went on 6/6

Congrats on your contract getting through! I used to live up in your area too, but I made the move down South after those crazy winters we were having. Enjoy WDW, and we shall see you around sometime

[JaimeA]

Originally Posted by belle&beastcrazy

I have been reading this thread for a while. Thanks for all the Info. We pass ROFR on Tuesday a 260 Feb. UY at SSR seller paying MF buyer paying closing went on 6/6

That was a really fast turn around Congrats!

And congrats to all the others who have passed recently. I didn't see any bad news this week, good to see. Hopefully I will hear quickly, mine went in 6/15. I will let you guys know as soon as I hear anything.