**ROFR Thread 2014 JAN-JUNE** UPDATE to thread on PG 71!!

[Lorilais_mommie]

In my view-
100 point contract

Loaded- 100p banked (2013), 100p (2014), 100p (2015 )

Regular- no points (2013), 100p (2014) , 100p(2015)

Stripped- no points (2013) , little to no points (2014), 100p (2015)

Another RARE view of a VERY stripped contract is - no points (2013), no points (2014), little to no points (2015), 100p (2016)
I believe the Resales brokers do not like to list this example until 2015.. But I've seen a few out there..

 

[jchaps6]

Hi Everyone,
Just posting in case anyone else is in the same boat and looking at SS Contracts:

We currently have 230 SS points and wanted to add on 200 more points. We checked out VB but decided to pay the extra money up front for SS to get the extra years and less expensive maintenance fees.

$72-200-Saratoga Springs-Feb -75/'14, 200/'15, 200/'16-sent 2/22

Hopefully hear back in a couple weeks!

 

[Syndrome]

Talking about stripped contracts ...........
We have been looking at and just made deals on 2 Dec UY contracts. Both have full 2014 points, so by definition they are not stripped, but they sure do feel like they are stripped, since the points are not available until Dec !
At least we don't need any points until 2015 !

 

[Physics Guy]

Talking about stripped contracts ...........
We have been looking at and just made deals on 2 Dec UY contracts. Both have full 2014 points, so by definition they are not stripped, but they sure do feel like they are stripped, since the points are not available until Dec !
At least we don't need any points until 2015 !

Just trying to figure this out... since you are technically in your 2013 UY aren't these stripped by standard definition (albeit there is no 'official' definition), as there are no points available in your current UY?

 

[Msmithmd]

I would consider a loaded contract to be one with the prior UY points banked, all current points, and future.

A neutral contract all current UY points and future.

A stripped contract less than full current UY points. And then there's the extreme stripped contract, with future UY points also used.

So yeah, any contract with UY later than March (as of this post) without 2013 points would by this definition be stripped. Although it becomes less relevant as you get closer to the UY start, as non-banked points would expire if you couldn't use them by the time you closed and got everything transferred to your control.

And make no mistake, there are perfectly good reasons to buy a stripped contract- namely price, availability, and the reality that you might not need points for a while, as some prior posters have noted.

It would be easier to conceptualize if everyone's UY began January 1. But the bottom line is that for six out of the eight DVC UY possibilities, today is "still 2013" with regards to their points. December of course is the worst to grasp, since it will "still be 2013" for those contracts for eight more months.

But this is a critical concept to understand. DVC salespeople in my opinion use this to manipulate prospective buyers, by implying or stating they're getting "something special" when they give them the current UY points that they are paying for, and then the buyer also receives the next UY points when their year rollover date transpires. This IMO is the most blatantly misleading sales tactic they employ.

 

[Syndrome]

Just trying to figure this out... since you are technically in your 2013 UY aren't these stripped by standard definition (albeit there is no 'official' definition), as there are no points available in your current UY?

Yes, in a way you are correct. The only thing that skews things a little bit is that since points are coming for December 2014 ..........dues have to be paid for them NOW, lol. So while it sure feels like the Dec UY contracts are stripped ........paying the MF's now on them is a tough one !
Buying Dec UY contracts is what we wanted (and the purchase price was as if they were stripped) so we are willing to live with this minor detail, since we got a good deal on the points, and sellers paid for half of the 2014 MF's . We don't need any points in the account until 2015 anyway since we are all vacation planned out for 2014 , so it works for us. Also we did get some 2013 points to ease the pain a bit (I think about 27 ), lol .
I guess one positive way to look at it is we will be among the last 2042 members who get points !

BTW , Sorry that's nice, if this is too much banter for your ROFR thread ...........

 

[that's nice]

I just have to say this out load. "Type it" …


I am so tired of waiting, can someone give me an idea of the timeline I am looking at once I do hear back from ROFR.

Was submitted on 2/14 so should hear back by 3/16…. after that how long closing usually take on a resale… and how long for disney to get account info set?

I really want to have this all wrapped up at the 7 month mark before November Wine and Dine… still holding out hope that I might be able to get into Boardwalk that weekend.

You should be wrapped up with points in your account 2-3 weeks after your deed has been recorded. Waiting stinks! Lol

Eta... Deed was recorded 3 days after closing

I responded from my phone and didn't have all the dates in front of me but here is my timeline:


12/19 Made offer on 250pts at SSR
12/20 counter offer received
12/20 counter offer accepted
12/20 contract received
12/22 contract returned
12/31 sellers contract returned
1/2 Sent to ROFR
1/27 Passed ROFR
1/31 Closing Doc received
2/4 Closing Docs returned
2/7 Closed!!!!
2/11 Deed Recorded
2/22 DVC letter with member number included
2/22 First reservation made at BLT

So the whole process took about 9 weeks. Not too bad.

 

[that's nice]

I'm in! The wait that is LOL!

We just made an offer (countered by seller and we accepted their counter)!! I'm beyond giddy at the thought of owning DVC! We've been dreaming about it for years but DH finally started crunching numbers over the last two weeks and we realized we could really do it. Researched on here and around, figured out exactly what we want (at least to start with LOL) and went all in!

$99-$10,800-100-BLT-Aug-9/13-100/14-100/15

Added to pg. 1 Good luck. Please let us know when it gets sent to ROFR so I can update your info.

Just sent to ROFR today. Stripped contract (don't judge), it suited our needs, budget and timing and we already have this years' trips all planned out.

Anyway, here's the deets...

Physics Guy---$61-$18761-296-OKW-Feb-28/'14, 296/'15-sent 3/8

Good Luck!

Hi Everyone,
Just posting in case anyone else is in the same boat and looking at SS Contracts:

We currently have 230 SS points and wanted to add on 200 more points. We checked out VB but decided to pay the extra money up front for SS to get the extra years and less expensive maintenance fees.

$72-200-Saratoga Springs-Feb -75/'14, 200/'15, 200/'16-sent 2/22

Hopefully hear back in a couple weeks!

Good luck!

 

[that's nice]

I would never, ever, under any circumstances, judge a contributor whose screen name is "physics guy." Cause I'm pretty sure he's a lot smarter than me...

Congrats on a great contract!

I totally agree!

My interpretation is a regular contract would have retained all or most of the current UY's points. If there are some points banked from the prior UY it would be "loaded" and if it is missing some or all of the current UY points or even missing borrowed points from the next UY it is "stripped"

I've never seen anyone put numbers to it, but in my analytical mind my 28/296 points left from 2014 would make mine about 91% percent stripped, while if it had, lets say, 100 points banked from 2013 I would call it 34% loaded. And if it was missing all of 2014 and half of 2015 points it would be 150% stripped. Just the way I would see it.

So by this theory, I would call yours 91% stripped as well, but others may see it differently. You're halfway through your UY, while I'm just starting mine, so some may call mine more stripped than yours.

Might have to change your name to Physics & Math guy.

Talking about stripped contracts ...........
We have been looking at and just made deals on 2 Dec UY contracts. Both have full 2014 points, so by definition they are not stripped, but they sure do feel like they are stripped, since the points are not available until Dec !
At least we don't need any points until 2015 !

I know how you feel. Those 2014 points with a Dec UY may as well be next years points.

I would consider a loaded contract to be one with the prior UY points banked, all current points, and future.

A neutral contract all current UY points and future.

A stripped contract less than full current UY points. And then there's the extreme stripped contract, with future UY points also used.

That about sums it up.

But this is a critical concept to understand. DVC salespeople in my opinion use this to manipulate prospective buyers, by implying or stating they're getting "something special" when they give them the current UY points that they are paying for, and then the buyer also receives the next UY points when their year rollover date transpires. This IMO is the most blatantly misleading sales tactic they employ.

I've read this on many accounts as well. Your current years points should be rightfully yours- there isn't a bonus to receiving them.

Yes, in a way you are correct. The only thing that skews things a little bit is that since points are coming for December 2014 ..........dues have to be paid for them NOW, lol. So while it sure feels like the Dec UY contracts are stripped ........paying the MF's now on them is a tough one !

I hear that. Paid our 2014 dues at closing but don't get them till Dec… however I already borrowed 97 of them. Luckily I had 51 current points and we are only going for 4 days after our cruise so I left myself with 153 2014 points.

BTW , Sorry that's nice, if this is too much banter for your ROFR thread ...........

No problem at all. Banter is encouraged!

 

[racinghank]

racinghank---$83-$8413-90-BWV-Dec-47/'13, 90/'14, 90/'15-sent 3/10, waiting

 

[Jennasis]

Added to pg. 1 Good luck. Please let us know when it gets sent to ROFR so I can update your info.

Good Luck!

Good luck!

It was sent to ROFR today (just got the email confirmation) Yay!!

 

[NJmouse]

Just found out we are closing first thing in the morning 3/11!!! Woo Hoo!

 

[maggiegirl]

I am thoroughly enjoying reading all of the posts each day on this forum, but I gotta ask, where do you find the patience??? It is killing me. I have 1 contract in ROFR - Day 20 today and a 2nd contract in ROFR day 10 today ... Is this the longest part of the resale process? We are looking to book a 1 bedroom at AKV (will be our home resort) arriving June 29th for 7 nights. I am thinking the the timing is awfully close but keeping my fingers crossed!

 

[Jennasis]

I am thoroughly enjoying reading all of the posts each day on this forum, but I gotta ask, where do you find the patience??? It is killing me. I have 1 contract in ROFR - Day 20 today and a 2nd contract in ROFR day 10 today ... Is this the longest part of the resale process? We are looking to book a 1 bedroom at AKV (will be our home resort) arriving June 29th for 7 nights. I am thinking the the timing is awfully close but keeping my fingers crossed!

I'm only being patient because we already have a trip planned and booked for september. We're staying on a relatives points. Otherwise I would be jumping out of my skin lol!

 

[JBMartin]

JBMartin---$90-$24220-250-BLT-Feb-0/'12, 216/'13, 250/'14, 250/'15-sent 1/22, passed 2/21

 

[Msmithmd]

I am thoroughly enjoying reading all of the posts each day on this forum, but I gotta ask, where do you find the patience??? It is killing me. I have 1 contract in ROFR - Day 20 today and a 2nd contract in ROFR day 10 today ... Is this the longest part of the resale process? We are looking to book a 1 bedroom at AKV (will be our home resort) arriving June 29th for 7 nights. I am thinking the the timing is awfully close but keeping my fingers crossed!

Remind yourself every time you have these thoughts that you're going to save $9,920 over the same amount of points direct.

Also remind yourself that historically DVC has taken contracts in ROFR relatively earlier than they have passed them. A few have gotten ROFR near thirty days. But most past twenty days will clear, and for whatever reason they want to keep you waiting.

If you're really worried, use part of the money you saved by buying resale, and book a cash reservation as a "just in case" your DVC isn't ready in time to book where you want to stay. You can cancel when the DVC works out. But historically, for AKV in the summer you should be fine on a late DVC booking. Just remember to bring lots of ice with you. Orlando in July= not magical.

 

[that's nice]

racinghank---$83-$8413-90-BWV-Dec-47/'13, 90/'14, 90/'15-sent 3/10, waiting

Good luck!

It was sent to ROFR today (just got the email confirmation) Yay!!

Good luck! Updated!

Just found out we are closing first thing in the morning 3/11!!! Woo Hoo!

Sweet!

I am thoroughly enjoying reading all of the posts each day on this forum, but I gotta ask, where do you find the patience??? It is killing me. I have 1 contract in ROFR - Day 20 today and a 2nd contract in ROFR day 10 today ... Is this the longest part of the resale process? We are looking to book a 1 bedroom at AKV (will be our home resort) arriving June 29th for 7 nights. I am thinking the the timing is awfully close but keeping my fingers crossed!

Only way to get through it is to keep a cocktail next to you at all times.

JBMartin---$90-$24220-250-BLT-Feb-0/'12, 216/'13, 250/'14, 250/'15-sent 1/22, passed 2/21

Welcome Home!!!! What a great loaded contract! Great first post too!

 

[maggiegirl]

Oh I know about the heat! we have been to WDW and DLR many times this year is extra special it will be my son's high school graduation trip

 

[pharm55]

I am thoroughly enjoying reading all of the posts each day on this forum, but I gotta ask, where do you find the patience??? It is killing me. I have 1 contract in ROFR - Day 20 today and a 2nd contract in ROFR day 10 today ... Is this the longest part of the resale process? We are looking to book a 1 bedroom at AKV (will be our home resort) arriving June 29th for 7 nights. I am thinking the the timing is awfully close but keeping my fingers crossed!

Oh I know waiting is a killer since there is almost nothing you can do to speed things along. We just closed on a contract at VGC and we had our money and documents returned to closing company Feb 19 and thanks to the sellers did not close until March 6 as they did not send their papers back since they thought they were wrong but seemingly did not bother to contact anyone (do you not want to get paid people??) about this until I started hounding our closing agent and realtor. Realtor contacted them and got the ball rolling again. We too are wanting to reserve for July and I feel a little panicky.

 

[TaraPA]

Yay I can finally post here!

Some points were banked & some borrowed so I'm not sure if this is correct:

$76-$4227-50-OKW-March-0/'12-16/'13-50/'14-0/'15-sent 3/11/13 waiting