Not ROFR thread - general discussion

[WinterSolider]

May 01, 2024 my offer was accepted on my first contract at Cooper Creek. Mid August I was sitting on the beach at Aulani using my CCV points.

I actually initially booked Boardwalk on this short notice but decided I’d rather deal with heat in Hawaii than Florida. Very happy with that choice. Buuttt now I own 415 Aulani points

I've bought and sold half a dozen contracts over the past few years, most recently selling 300 Aulani to fund the purchase of my first and only Direct 150 at Old Key West. But then I decided I definitely needed some Aulani points and I've had the worst time trying to close this contract.

I passed ROFR on December 13 and we still haven't closed. The title company says they haven't gotten the final points activity statement from the sellers, and the broker is saying that's bullcrap and they've provided it several times. So I'm sitting here with no recourse praying that I have my points in time to book February 2026.

 

[ChipTheRescueRanger]

Might just offer on some 150 contracts. as 150 is still probs more than enough points for 8 days in August. 160 felt the perfect amount

 

[VGCgroupie]

I've bought and sold half a dozen contracts over the past few years, most recently selling 300 Aulani to fund the purchase of my first and only Direct 150 at Old Key West. But then I decided I definitely needed some Aulani points and I've had the worst time trying to close this contract.

I passed ROFR on December 13 and we still haven't closed. The title company says they haven't gotten the final points activity statement from the sellers, and the broker is saying that's bullcrap and they've provided it several times. So I'm sitting here with no recourse praying that I have my points in time to book February 2026.

Aulani seems to be the most difficult resale process.

 

[TinkAgainU]

I've bought and sold half a dozen contracts over the past few years, most recently selling 300 Aulani to fund the purchase of my first and only Direct 150 at Old Key West. But then I decided I definitely needed some Aulani points and I've had the worst time trying to close this contract.

I passed ROFR on December 13 and we still haven't closed. The title company says they haven't gotten the final points activity statement from the sellers, and the broker is saying that's bullcrap and they've provided it several times. So I'm sitting here with no recourse praying that I have my points in time to book February 2026.

Resale can be VERY frustrating. I feel your pain.

 

[DVC Gma]

For those looking for a "quick and dirty" guide to searching the Orange County (FL) deed recording system:

https://selfservice.or.occompt.com/ssweb/user/disclaimer - that's the place to start

FINDING A DEED:
Under "Advanced Official Records Searching" I click on "Advanced search", then "Advanced document search" A page opens with a number of fields. Best to limit your search to a date range. You can put in a party name if you want. I usually leave it blank and then I'll put in a key word under legal remarks. For example "Saratoga" which will bring up the SSR deeds. Or "beach club" including the quote marks.

TOTAL PRICE PAID:
Some deeds show the total amount paid within the document, others say something like "for consideration of $10.00 and other good and valuable consideration" and don't show the total. If this is the case you can use the Deed Doc Tax amount at the top right and divided it by 0.007 which gets you the total price.

# of POINTS in the deed:
This is contained with the document itself, usually "Purchaser's ownership interest shall be symbolized as ___ Home Resort Vacation Points".

NOTE: the deed does not show if the purchase was for a stripped or loaded contract.

Examples:
I just did a Beach Club search for the past week which brings up 15 total results. Of those, 10 are deeds, the rest are mortgages (buyer is borrowing money) or notices (sometimes related to foreclosures). On any particular deed, you can click to "view" and it will show you the actual deed filed with the comptroller.

There is a deed showing two individuals as grantor and one individual as grantee - so that's a resale purchase. The grantee paid $36,000 for 300 points = $120 pp. Confirmed by deed doc tax at $252.00.

There is one deed that shows Disney Vacation Development as the Grantor, that is a direct purchase. The deed doc tax is $96.60 so dividing by 0.007 shows $13,800. Points are listed as 50 points. So this purchasor spent $13,800 for 50 BCV points = $276 pp.

So, little late seeing this thread... But I just tried this and I only found a money laundering case where the DVC contract was given up in Court. I think I am doing some thing wrong. lol

 

[TinkAgainU]

So, little late seeing this thread... But I just tried this and I only found a money laundering case where the DVC contract was given up in Court. I think I am doing some thing wrong. lol

Be sure to enter a Recording start date for the search like 01/01/1990, then Enter DISNEY or the name of a resort ANIMAL KINGDOM under the Legal Remarks. If looking for a specific GRANTOR (person Selling) or GRANTEE you enter their name (try a few different ways). Keep in mind if the person entering it did a Typo, that makes it a bit more challenging. It's a fun exercise actually. And important to understand if you are renting or buying DVC points so you can cross check things a bit on your own.

 

[AstroBlasters]

Aulani seems to be the most difficult resale process.

We always had First American based out of Honolulu and everything went great.

 

[WinterSolider]

We always had First American based out of Honolulu and everything went great.

I've bought with them twice and sold with them twice but this third purchase has been a nightmare.

 

[Bmramaut]

Recently sold a SSR contract and got an interesting survey from Disney. Asked if I had ever rented out points, if I bought direct or resale, why I sold, etc. It was pretty thorough but I kept my answers short. First contact I have ever sold, is this a typical survey?

 

[atthebeachclub]

I don't think the math works out too well on any 2042 contracts unless you really really really love Beach Club.

Because of the point charts, the math isn’t nearly so bad as you would expect. But my BCV points are only for BCV. And yes, it is our very favorite (and how could it not be? We seriously love everything there).

 

[TinkAgainU]

Recently sold a SSR contract and got an interesting survey from Disney. Asked if I had ever rented out points, if I bought direct or resale, why I sold, etc. It was pretty thorough but I kept my answers short. First contact I have ever sold, is this a typical survey?

I sold a contract in May, 2024 and don't recall receiving a survey like that. Maybe ask in the Closing Time! thread or start a new post asking people? Would be interesting to know. Just asking people that, might be enough to make people nervous (may be their intent).

 

[GrumpyInPhilly]

Because of the point charts, the math isn’t nearly so bad as you would expect. But my BCV points are only for BCV. And yes, it is our very favorite (and how could it not be? We seriously love everything there).

Agree

 

[RuntheMouse]

Because of the point charts, the math isn’t nearly so bad as you would expect. But my BCV points are only for BCV. And yes, it is our very favorite (and how could it not be? We seriously love everything there).

We just stayed at BCV for the first time and loved it! I can see why it is your favorite. I have the same feelings for our BRV contract, I’m going to have a meltdown in 2042

 

[MagicDVC]

Recently sold a SSR contract and got an interesting survey from Disney. Asked if I had ever rented out points, if I bought direct or resale, why I sold, etc. It was pretty thorough but I kept my answers short. First contact I have ever sold, is this a typical survey?

I received a similar survey when I sold our CCV contract in 2023. They might send that to owners who sell.

 

[WinterSolider]

Because of the point charts, the math isn’t nearly so bad as you would expect. But my BCV points are only for BCV. And yes, it is our very favorite (and how could it not be? We seriously love everything there).

It has nothing to do with "what I would expect" because I've actually done the math.

If you want to stay at Beach Club, great. But in 2025 the math says you're better off paying cash rather than buying a contract at $135 that expires in less than 20 years.

 

[atthebeachclub]

It has nothing to do with "what I would expect" because I've actually done the math.

If you want to stay at Beach Club, great. But in 2025 the math says you're better off paying cash rather than buying a contract at $135 that expires in less than 20 years.

Odd as I did the math at $125 and it works out just fine. Cash stays will still cost you more.

 

[WinterSolider]

Odd as I did the math at $125 and it works out just fine. Cash stays will still cost you more.

If you're finding reasonably sized contracts with current-year points at $125, fantastic, you must be an excellent negotiator.

Are you factoring in the fact that Disney almost always has a 30% offer on Deluxe rooms for those cash stays? Or things like ticket offers or free dining when you book cash packages? How about time-value of money?

 

[atthebeachclub]

If you're finding reasonably sized contracts with current-year points at $125, fantastic, you must be an excellent negotiator.

Are you factoring in the fact that Disney almost always has a 30% offer on Deluxe rooms for those cash stays? Or things like ticket offers or free dining when you book cash packages? How about time-value of money?

Factored in all. I paid $125 per point for my non stripped 100 point contract in 2024. It was a good deal even factoring TVM compared with my previous Costco bookings at Beach Club.

 

[TinkAgainU]

It has nothing to do with "what I would expect" because I've actually done the math.

If you want to stay at Beach Club, great. But in 2025 the math says you're better off paying cash rather than buying a contract at $135 that expires in less than 20 years.

You are correct, but only IF there are Disney hotel etc. "deals" for the dates someone needs/wants to travel.

 

[stat]

You are correct, but only IF there are Disney hotel etc. "deals" for the dates someone needs/wants to travel.

Aren't there often minimum night requirements for those deals, too? Or do they sometimes work for, say, 1-3 nights?