Recorded deeds October- December 2023 BLT/POLY/RIV/CCV

[TheDailyMoo]

$ 10,900.00

100​

DECEMBER

$ 109.00

10/13/2023​

DUNCAN TITLE

POLY

10/18/2023​

What's going on here? Is this a regular sale? Cause I'll take 2 at that price!

 

[tom1944]

What's going on here? Is this a regular sale? Cause I'll take 2 at that price!

I actually double checked it. It could have been sold to a friend or family member or just someone who had no idea of the value and was taken advantage of.

 

[TheDailyMoo]

I actually double checked it. It could have been sold to a friend or family member or just someone who had no idea of the value and was taken advantage of.

Family or friend makes sense I guess but if not there's no way someone would price that there intentionally even if they had zero clue what they were doing. The broker should've said something at some point. And even if you were super desperate to sell and get the money you would price it at 125...even 120 and it would've been gobbled up that same hour. The first thing you mentioned is probably right. It had to have been a favor like selling a car to family or a neighbor for cheap.

 

[JackosinDIS]

Family or friend makes sense I guess but if not there's no way someone would price that there intentionally even if they had zero clue what they were doing. The broker should've said something at some point. And even if you were super desperate to sell and get the money you would price it at 125...even 120 and it would've been gobbled up that same hour. The first thing you mentioned is probably right. It had to have been a favor like selling a car to family or a neighbor for cheap.

I don’t think it’s beyond the realm of possibility for a completely stripped contract to be sold at this price though…

 

[tom1944]

I don’t think it’s beyond the realm of possibility for a completely stripped contract to be sold at this price though…

It jumped out when I saw it and is much lower than every other POLY contract

 

[Sandisw]

It jumped out when I saw it and is much lower than every other POLY contract

The surprising thing to me is that DVD let it get through ROFR.

 

[TheDailyMoo]

The surprising thing to me is that DVD let it get through ROFR.

It feels like a small clue that would lead one to believe Poly 2 is separate if you believe in the whole "try to get PVB resale prices higher before Poly 2 goes on sale" theory.

 

[tom1944]

The surprising thing to me is that DVD let it get through ROFR.

I kept think it was a typo on the deed.

 

[CarolynFH]

The surprising thing to me is that DVD let it get through ROFR.

Me too, unless it was a family sale as opposed to gratuitous transfer, and Disney knew it.

 

[tom1944]

Me too, unless it was a family sale as opposed to gratuitous transfer, and Disney knew it.

Seller was from NJ and purchaser was from California.

Different last names

 

[intamin]

Seller was from NJ and purchaser was from California.

Different last names

Guess they really don't care about Poly resale value.. on the other side historically they didn't ROFR actively selling resorts until VGF recently so I'm not sure if it says anything about same/new association

 

[TheDailyMoo]

Seller was from NJ and purchaser was from California.

Different last names

It doesn't mean that the two parties didn't know each other/have some sort of relationship however let's imagine it was a regular sale through a broker. How? I mean...how? Let's assume it was fully stripped. Fine. It's still a relatively small contract size at 100 which commands a slight premium plus it's a 2066 resort so many years left on contract making it way more valuable than most other O14 resorts. So even for a fully stripped we're talking pricing we'd see for partially loaded/stripped AKV/SSR contracts. It makes very little sense. Say you were absolutely DESPERATE for the money. Ok. But whether you sell the contract today or tomorrow matters very little in the grand scheme of going to ROFR and closing and transfer time. I would think a fully stripped 100 point Poly would sell in the exact same time priced at 125? 120 at the worst? DVC resale is a beast of it's own.

 

[Sandisw]

It doesn't mean that the two parties didn't know each other/have some sort of relationship however let's imagine it was a regular sale through a broker. How? I mean...how? Let's assume it was fully stripped. Fine. It's still a relatively small contract size at 100 which commands a slight premium plus it's a 2066 resort so many years left on contract making it way more valuable than most other O14 resorts. So even for a fully stripped we're talking pricing we'd see for partially loaded/stripped AKV/SSR contracts. It makes very little sense. Say you were absolutely DESPERATE for the money. Ok. But whether you sell the contract today or tomorrow matters very little in the grand scheme of going to ROFR and closing and transfer time. I would think a fully stripped 100 point Poly would sell in the exact same time priced at 125? 120 at the worst? DVC resale is a beast of it's own.

I still think it’s odd that DVD let it pass ROFR that low…because even related or friends, if it’s a sale, it’s a sale…then again, maybe it’s just that DVD doesn’t need or want any more PVB points knowing Poly tower is coming online next year, regardless of the association decision.