ROFR Discussion Thread

[Flash_Sloth]

I think if they are behind on payments they have to bring it up before the contract can close. I had one contract where Disney forced them into foreclosure.

Ouch! I feel sorry for anyone in that position, but from Disney's perspective, it is just business.

 

[pzw90]

Maybe agree 75% of the time. Honestly their price per point scale doesn’t make sense if you look at 2 similar contracts imo. Seems they go off the listed price for that. Maybe not. I do believe that DVCRM prices their contracts at what they think the contract could go for. And why we see higher price per point averages when the monthly reports are released.

@rferrar1 who runs it explained the dealscore below

Yes, though I will add that there are some pretty big changes coming to the dealscore algorithm soon as well. The valuation of current and next year points are being tweaked (increasing in value) and we're making a change to the way that listings are compared against each other. Currently, listings are compared solely against their peers (same resort and points-on-contract band), and while listings will continue to be compared to resort peers, we're adding some "blending" so that the point-bands don't result in such harsh boundaries. Hard to explain but the end result should be more consistency. Big thanks to a fellow disboards member and data scientist (Howie) for working with us on these changes. More to come.

In addition, and as a preview to exclusively to the disboards community we'll soon be releasing a "hottest deals" page. The goal of this page is to make it easier for you to compare listings that are currently on the market, with those that have recently sold. You can also view the listing popularity. Check out the preview here https://www.dvcforless.com/hottest-deals Note: you need to create a free login to view this page.

 

[AstroBlasters]

Ouch! I feel sorry for anyone in that position, but from Disney's perspective, it is just business.

Correct. They’ll make a lot more money foreclosing on the points.

 

[VGCgroupie]

I think if they are behind on payments they have to bring it up before the contract can close. I had one contract where Disney forced them into foreclosure.

My point still stands that the CAF has nothing to do with the overall final number of the sale, final number is the final number. If in arrears they will have to bring cash but that cash will be the same weather or not the CAF was negotiated vs price per point vs closing vs any other fees or not.

I feel like I am in the twilight zone and Im talking but all people are hearing is waaaa waaa waaaa.

 

[NaptownMom]

It doesn’t have to be an either/or. Many sellers are getting the price per point they want and the buyer is paying CAF.

So, as a seller, it is waiting for a buyer willing to do both, so they maximize what they get.

All I can say is, there are a lot of stale contracts out there.

We just negotiated for seller to pay CAF this week. Sellers overpriced 6 months ago, before CAF was instituted. If they’d priced sanely back then, there would’ve been no CAF to negotiate over.

 

[Sandisw]

All I can say is, there are a lot of stale contracts out there.

We just negotiated for seller to pay CAF this week. Sellers overpriced 6 months ago, before CAF was instituted. If they’d priced sanely back then, there would’ve been no CAF to negotiate over.

Maybe but just saying that many deals happen where both seller and buyer have the same idea of what a contract may be worth.

Same with buyers…just have to find a seller who think the same as they do!

 

[NaptownMom]

Maybe but just saying that many deals happen where both seller and buyer have the same idea of what a contract may be worth.

Same with buyers…just have to find a seller who think the same as they do!

Sure. But CAF is a new wrinkle in our market. It’s something the market will take some time to digest. I have a suspicion more sellers are going to pay it than paid closing costs historically.