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 05-10-2013, 08:20 PM #31 NoleFan DIS Veteran   Join Date: Mar 2013 Posts: 721 . Last edited by NoleFan; 05-10-2013 at 08:29 PM.
05-10-2013, 08:51 PM   #32
Deb & Bill
DVC-Trivia Contest, Apr-2006: Honorable Mention

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Quote:
 Originally Posted by NoleFan I would not offer \$12 more pp. factor in about \$5-\$6 pp MF & \$5 pp differential between stripped vs. loaded. I would not pay the same price pp for a stripped vs. loaded contract. If I had to buy 100 points via transfer, it would cost around \$10-\$12 pp (\$5-\$6 mf + \$5 discount for stripped contract). That's the math on the approx. \$12 Same resort, same contract size ie. stripped \$70pp NO MF loaded \$75pp +MF
But you aren't paying \$5-12 per point more for every year you have the points to use. Your logic is still bad.
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05-10-2013, 09:02 PM   #33
NoleFan
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Quote:
 Originally Posted by Deb & Bill But you aren't paying \$5-12 per point more for every year you have the points to use. Your logic is still bad.
Certainly, everyone is entitled to their own opinion. So, please share yours & why if you feel my logic is bad. If you had same resort/same # point contract, what would you offer for stripped vs. loaded & why?? Use any \$, just curious on price differential & justification.

 05-11-2013, 09:34 AM #34 sweetdana DIS Veteran     Join Date: Sep 2009 Location: Michigan Posts: 2,790 A Friend of mine listed his AK With the broker I don't remember which one but it was one of the big 3. They told him to sell his current Points with a transfer for 10-12\$, then list it. They said he wouldn't get the 10 or \$12 more per point and DVC. Would more likely not ROFR. Based on his goals of what he wanted to make this worked out for him, and listed it 8\$ less pp after selling his 300 points at 10.50. He contemplated selling his next year points, bet others are doing this. __________________ There is only 1 thing I love more than holding my DD's hand.. It is holding her hand and watching her grow up. ... added a new DD for double the fun!
05-11-2013, 02:46 PM   #35
Deb & Bill
DVC-Trivia Contest, Apr-2006: Honorable Mention

Join Date: Mar 2000
Location: USA
Posts: 45,009

Quote:
 Originally Posted by NoleFan Certainly, everyone is entitled to their own opinion. So, please share yours & why if you feel my logic is bad. If you had same resort/same # point contract, what would you offer for stripped vs. loaded & why?? Use any \$, just curious on price differential & justification.
Divide the total number of years you have left on the contract starting with the current UY into the price per point you are paying. Subtract one year's value from the asking price per point. So if you are paying \$60 per point for 40 more years that is \$1.50 per point. Subtract \$1.50 from the asking price per point. And ask the owner to pay the dues on the used points. You'll get that money in the contract, but you will have to pay it when they are due. You don't get a credit from DVC.
__________________
Deb - DVC Member since '97
OKW and VWL Homes

Stop the madness. No more DVC construction.
Bring back Vacation Magic. Dump Disney Files!
Stopped drinking the Kool-aid long ago.

05-11-2013, 04:28 PM   #36
Galun
Earning My Ears

Join Date: Apr 2013
Posts: 68

Quote:
 Originally Posted by Deb & Bill Divide the total number of years you have left on the contract starting with the current UY into the price per point you are paying. Subtract one year's value from the asking price per point. So if you are paying \$60 per point for 40 more years that is \$1.50 per point. Subtract \$1.50 from the asking price per point. And ask the owner to pay the dues on the used points. You'll get that money in the contract, but you will have to pay it when they are due. You don't get a credit from DVC.
Why would you only subtract \$1.50 when you can immediately flip the current year points for a net gain of \$5-6 per point?

 05-11-2013, 04:54 PM #37 NoleFan DIS Veteran   Join Date: Mar 2013 Posts: 721 Sample 100 point contract: With current year points Contract Price 100 x \$75 = \$7,500 + MF 100 x \$5.50 = \$550 Net cost (prior to closing costs) \$8,050 WithOUT current year points Contract Price 100 \$70 = \$7,000 + MF 0 (no current points) Net Cost (prior to closing costs) \$7,000 Cost difference \$1,050 If the sellers sold the points prior to sale (on stripped contract) or if buyer had to go buy points to fill in current year missing points @ \$10-\$12/pp = \$1,000-\$1,200 If the seller sold the points, they would recover their current year MF & adjust for the contracted "discount" If the seller included the points, BUYER would pay MF & seller would get a higher price/pp for the contract. Seller might benefit from stripped contract since lower broker fee & depending on what they get for renting or transferring points. However, someone may pay a premium for a contract with current UY points. Dollar for dollar this seems to make sense & allow for fair pricing amongst all parties. Last edited by NoleFan; 05-11-2013 at 05:02 PM.
05-12-2013, 12:50 PM   #38
cm8
Half of the time we're rushing around to get things done last minute or we realize we're running behind so we need to catch up

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Quote:
 Originally Posted by sweetdana A Friend of mine listed his AK With the broker I don't remember which one but it was one of the big 3. They told him to sell his current Points with a transfer for 10-12\$, then list it. They said he wouldn't get the 10 or \$12 more per point and DVC. Would more likely not ROFR. Based on his goals of what he wanted to make this worked out for him, and listed it 8\$ less pp after selling his 300 points at 10.50. He contemplated selling his next year points, bet others are doing this.

05-12-2013, 01:15 PM   #39
Missyrose
DIS Veteran

Join Date: Jan 2009
Location: Northern Va.
Posts: 7,329

Quote:
 Originally Posted by NoleFan Sample 100 point contract: With current year points Contract Price 100 x \$75 = \$7,500 + MF 100 x \$5.50 = \$550 Net cost (prior to closing costs) \$8,050 WithOUT current year points Contract Price 100 \$70 = \$7,000 + MF 0 (no current points) Net Cost (prior to closing costs) \$7,000 Cost difference \$1,050 If the sellers sold the points prior to sale (on stripped contract) or if buyer had to go buy points to fill in current year missing points @ \$10-\$12/pp = \$1,000-\$1,200 If the seller sold the points, they would recover their current year MF & adjust for the contracted "discount" If the seller included the points, BUYER would pay MF & seller would get a higher price/pp for the contract. Seller might benefit from stripped contract since lower broker fee & depending on what they get for renting or transferring points. However, someone may pay a premium for a contract with current UY points. Dollar for dollar this seems to make sense & allow for fair pricing amongst all parties.
Bolding is mine. But what many have argued on this thread and others, is that there isn't enough of a premium put on a contract with current (or fully loaded) points that would benefit the sellers instead of transferring out the current points and selling the contract stripped. If you saw fully loaded contracts going for \$15-\$20 more per point or even contracts going for \$10-\$15 more per point than stripped deals, then you could say there were premiums put on those types of contracts. But there simply isn't in the current market.
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05-12-2013, 01:50 PM   #40
NoleFan
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Quote:
 Originally Posted by Missyrose Bolding is mine. But what many have argued on this thread and others, is that there isn't enough of a premium put on a contract with current (or fully loaded) points that would benefit the sellers instead of transferring out the current points and selling the contract stripped. If you saw fully loaded contracts going for \$15-\$20 more per point or even contracts going for \$10-\$15 more per point than stripped deals, then you could say there were premiums put on those types of contracts. But there simply isn't in the current market.
I totally agree that someone would pay a premium for a loaded contract (I recently did) & a loaded contract probably would sell faster.

 05-12-2013, 01:58 PM #41 bobbiwoz I'm happy to dance with youI have 2 opinionsWe had tried usual things to keep them away, including something like coyote urine, it is sold in hardware stores by us     Join Date: Aug 2003 Location: Washington Township OH and Cape May NJ Posts: 61,535 I recently paid \$96 per BLT point that had 96 (100 point contract) banked points. I have bought 4 resale contracts over a 9 year period, and I would not even look at stripped contracts. IF you just keep looking, what you want will show up. __________________
05-12-2013, 02:11 PM   #42
NoleFan
DIS Veteran

Join Date: Mar 2013
Posts: 721

Quote:
 Originally Posted by bobbiwoz I recently paid \$96 per BLT point that had 96 (100 point contract) banked points. I have bought 4 resale contracts over a 9 year period, and I would not even look at stripped contracts. IF you just keep looking, what you want will show up.
That's a great price for a smaller, loaded BLT contract- congrats!

Since you've been in the DVC market for so long, do you have any thoughts or advice on ROFR trends (if any)?

Last edited by NoleFan; 05-12-2013 at 02:17 PM.

05-12-2013, 06:51 PM   #43
agie65
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Quote:
 Originally Posted by Missyrose Bolding is mine. But what many have argued on this thread and others, is that there isn't enough of a premium put on a contract with current (or fully loaded) points that would benefit the sellers instead of transferring out the current points and selling the contract stripped. If you saw fully loaded contracts going for \$15-\$20 more per point or even contracts going for \$10-\$15 more per point than stripped deals, then you could say there were premiums put on those types of contracts. But there simply isn't in the current market.
Even a fully loaded contract can not demand \$15-20 premium, you will be close to direct purchase price, also direct comes with extra benefit. Some resale are asking as much as direct with and without point, don't know who will take a bite.

05-12-2013, 06:56 PM   #44
NoleFan
DIS Veteran

Join Date: Mar 2013
Posts: 721

Quote:
 Originally Posted by agie65 Even a fully loaded contract can not demand \$15-20 premium, you will be close to direct purchase price, also direct comes with extra benefit. Some resale are asking as much as direct with and without point, don't know who will take a bite.
The premium should be around \$5/pp + buyer pays MF (approx. \$5.50) so overall cost would be around \$10.50 more pp than stripped. Can add a few dollars if buyer wants but not much more.

05-12-2013, 07:07 PM   #45
Deb & Bill
DVC-Trivia Contest, Apr-2006: Honorable Mention

Join Date: Mar 2000
Location: USA
Posts: 45,009

Quote:
 Originally Posted by Galun Why would you only subtract \$1.50 when you can immediately flip the current year points for a net gain of \$5-6 per point?
Don't buy a contract to sell them Use them.
__________________
Deb - DVC Member since '97
OKW and VWL Homes

Stop the madness. No more DVC construction.
Bring back Vacation Magic. Dump Disney Files!
Stopped drinking the Kool-aid long ago.

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