Offer Accepted for BWV--Opinions Wanted

[boxer]

Just got an acceptance on what I deem to be a great deal (hopefully Disney does not agree, lol). We offered $70/PP for a BWV contract with 18/2016, and full assortment of (170) points starting in 2017. The Owner will pick up the 2016 MF--just to show a higher PP price ($76) to hopefully massage through Disney ROFR. Never purchased a stripped contract like this, so I'm trying to decide how we handle our 2016 vacation. The following options are what I've come up with--but I wanted some other opinions, in the case I'm not thinking of something else we can do:

• Bank the (18) points for 2016, and rent points from David's for our trip in November. Might be the best case, as this contract will probably not close until late-January, so who knows what will be available at that time. The money I saved from this purchase can be used to fund this upcoming trip.
  
• Borrow points for the upcoming trip (if it can be booked in time)--but this would lead to several years of constant borrowing until we have saved enough points to break even. We typically stay for (9-10) nights, so that is (110) points for Standard, or (153) for PV.
  
• Look to rent points from here, or get them transferred to my account. I know NOTHING about transferring, so this is where I need some help/suggestions

Any other suggestions? This is of course all predicated on the ROFR even going thru--but I feel pretty confident since it is a stripped contract.

 

[ziravan]

Once you have an account you can transfer in points and manage your own 2016 vacation.

Complete control.

You make arrangements with a long time poster so it's safe, pay and then they call MS and transfer them. They get a conf number and then you can call and see if they are there.

Unless you transfer in the same resort and UY, you won't be able to see points in your account or make phone reservation: you'll have to call MS to do so.

Also, only one transfer in or out per UY, so make sure you get enough the first time.


If you aren't ROFR'd, I'd say you got a fantastic deal. Not to be a party pooper, but given recent ROFR activity, I think there's a good chance they take this one.

 

[ziravan]

It's standard to pay full price before transfer. Once the other member transfers, he loses control of those points.

I've done both sides and I would not transfer points to someone without full payment first.

Also. DVC officially bans for sale transfers. They know it happens but if something goes wrong, they will not help you straighten out the situation.

 

[oldwash]

Sounds like a great deal, I wish you luck. I dont have any answers, but your post brings up a question that that I couldnt find in the forums. I assumed when one borrowed points, one would have to pay for them then. If this was true, then in your case there wouldnt be much of a 2016 MF. Maybe you or someone else could enlighten me?

 

[boxer]

Sounds like a great deal, I wish you luck. I dont have any answers, but your post brings up a question that that I couldnt find in the forums. I assumed when one borrowed points, one would have to pay for them then. If this was true, then in your case there wouldnt be much of a 2016 MF. Maybe you or someone else could enlighten me?

This is my 3rd DVC property, and if I'm understanding you right, you don't pay on the points you use/borrow--you pay the MF of your contract. Meaning, even though there are only (18) points available for 2016, the Owner is still required to pay for MF Fee's for all 170 points.

Once you have an account you can transfer in points and manage your own 2016 vacation.

Complete control.

You make arrangements with a long time poster so it's safe, pay and then they call MS and transfer them. They get a conf number and then you can call and see if they are there.

Unless you transfer in the same resort and UY, you won't be able to see points in your account or make phone reservation: you'll have to call MS to do so.

Also, only one transfer in or out per UY, so make sure you get enough the first time.


If you aren't ROFR'd, I'd say you got a fantastic deal. Not to be a party pooper, but given recent ROFR activity, I think there's a good chance they take this one.

I know this will be risky....BUT, it is a really stripped contract for that first year, so I'm hoping that is the deciding factor in getting it through. I had one like this last year, and was able to get BLT for $91/PP through.

 

[ziravan]

Here's a hybrid option. Borrow for 2016 with plans to transfer points into your account in 2017. That will give you a chance to do a small test run this year.

Also transferred points keep their home resort and UY. Make sure you get BWV points with a good UY if you plan on using them for BWV in Oct.

 

[boxer]

Here's a hybrid option. Borrow for 2016 with plans to transfer points into your account in 2017. That will give you a chance to do a small test run this year.

Also transferred points keep their home resort and UY. Make sure you get BWV points with a good UY if you plan on using them for BWV in Oct.

And THAT is the type of idea I was looking for! Excellent--and I never thought of that. Don't know much about transferring yet, but while this is in ROFR, that will give me plenty of time to ease my anxiousness, lol

 

[oldwash]

So if I understand right then, you are paying $76 a point with the current owner paying 2016 MF?

 

[boxer]

So if I understand right then, you are paying $76 a point with the current owner paying 2016 MF?

I offered $70/PP with me paying 2016 dues--the agent suggested the higher PP price to massage it through, and the Seller pick up the 2016 fees.......basically a wash from what I originally proposed (since dues for $2016 are $6/PP). Makes sense to try to get it through

 

[ustasmom]

Seems to me to be a way to get a better price from Disney if they take it.

 

[WilyBrace]

Seems to me to be a way to get a better price from Disney if they take it.

IIRC, when Disney exercises ROFR, they're taking over the buyer's position, so they get it under the existing terms.

 

[luvdisneyland]

I offered $70/PP with me paying 2016 dues--the agent suggested the higher PP price to massage it through, and the Seller pick up the 2016 fees.......basically a wash from what I originally proposed (since dues for $2016 are $6/PP). Makes sense to try to get it through

Hi, not to be a party pooper either, but Disney looks at all terms (who is paying MF and CC's). Since Boardwalk points are in the $100's right now, I am 99.999% sure Disney will buy this back (but it can't hurt to try). I am not sure why any seller would list for this much under market.. they could have sold for much more. Let us all know if it sneaks past the big guys

 

[boxer]

Hi, not to be a party pooper either, but Disney looks at all terms (who is paying MF and CC's). Since Boardwalk points are in the $100's right now, I am 99.999% sure Disney will buy this back (but it can't hurt to try). I am not sure why any seller would list for this much under market.. they could have sold for much more. Let us all know if it sneaks past the big guys

That would be the high end for BWV.....I'm seeing more prices in the 80's and low 90's. Keep in mind there is basically NO points for 2015 and 2016--so that is my point I'm hanging my hat on for this to pass, lol.

 

[boxer]

Just got word this afternoon that our offer PASSED!! So happy right now!! I think we got a hell of a deal

 

[mort1331]

Congrats, good deal for your family, enjoy

 

[GOOFY D]

Just got word this afternoon that our offer PASSED!! So happy right now!! I think we got a hell of a deal

Wow, I am stunned that Disney waived ROFR at that price. Congrats!

 

[WilyBrace]

Just got word this afternoon that our offer PASSED!! So happy right now!! I think we got a hell of a deal

Great deal, congrats!

 

[pangyal]

Wow, I am stunned that Disney waived ROFR at that price. Congrats!

There are essentially no points until 2017, so it's not appealing to them. They prefer contracts with current points. Banked points- even better .

It's still a great deal at $76/pt for the buyer when those 2017 points hatch, in any case !

 

[zavandor]

Just got word this afternoon that our offer PASSED!! So happy right now!! I think we got a hell of a deal

It's a very good deal. However, if the seller rented his 2015 and 2016 points at $13 (not difficult to achive for BWV) they got a total of $96pp which is really not bad. Here's why the seller agreed for $70.

 

[boxer]

It's a very good deal. However, if the seller rented his 2015 and 2016 points at $13 (not difficult to achive for BWV) they got a total of $96pp which is really not bad. Here's why the seller agreed for $70.

Yeah, but that means they bought a DVC and wouldn't have been able to stay there for (3) straight years....which to me, makes no sense at all.