ROFR Thread April to June 2018 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Bing Showei]

Yeah but does Disney need to pay closing costs when they are the buyer? Imagine they do but it is significantly less

If Disney takes a contract, Disney assumes all terms in your place. They would pay whatever you would’ve paid. The terms of the contract would be unchanged, just the buying party.

 

[OneLittleSpark2014]

If Disney takes a contract, Disney assumes all terms in your place. They would pay whatever you would’ve paid. The terms of the contract would be unchanged, just the buying party.

An agent I spoke to last week told me that Disney handles the closing in-house, so when the seller agrees to pay closing costs, Disney actually gets an even better deal because their costs are lower. I'm not sure if he knew what he was talking about but he claimed that the "seller pays closing" might make a contract more attractive to Disney to take. Again, just relaying what the agent told me. I have no idea whether it's true. Anyone have experience with that?

 

[Beesknees6]

Yeah but does Disney need to pay closing costs when they are the buyer? Imagine they do but it is significantly less

I don’t know, but either way the seller was paying it so it wouldn’t matter.

 

[TexasChick123]

An agent I spoke to last week told me that Disney handles the closing in-house, so when the seller agrees to pay closing costs, Disney actually gets an even better deal because their costs are lower. I'm not sure if he knew what he was talking about but he claimed that the "seller pays closing" might make a contract more attractive to Disney to take. Again, just relaying what the agent told me. I have no idea whether it's true. Anyone have experience with that?

Whenever the seller pays closing, that means the buyer doesn’t pay any closing costs. Therefore, the amount of money collected from the buyer is less. When Disney exercises ROFR, they also don’t have to pay closing. It’s less money to them too. Disney wouldn’t pay it either. There are 3 money buckets: Price per point x number of points (AKA Sales Price); closing costs; and maintenance fees. All of these total “X”. Whenever you aren’t paying MF’s or closing, you’re lowering “X”. They only care about “X” because that’s the total amount paid. If they will hit their desired profit margin on any contract by stepping in and paying “X”, then they will. They couldn’t care less about which money has the designation of closing costs, sales price, or maintenance fees. It all adds up to “X”. I hope this helps.

 

[Jerry5788]

I don’t know, but either way the seller was paying it so it wouldn’t matter.

Correct it doesn’t matter to either of you. But if Disney is able to eliminate the closing company then Disney gets it cheaper.

To simplify things say they are 100 point contracts and closing costs for both are $700 but Disney only needs to pay $200.

The adjusted purchasing price if they took it for you would be $110. But the adjusted purchase price of the other contract would be $105 ($103 + $200 closing).

Anyway guess what I’m saying is paying more per point and having seller pay closing could be a way to increase chances ROFR waives

 

[Beesknees6]

Correct it doesn’t matter to either of you. But if Disney is able to eliminate the closing company then Disney gets it cheaper.

To simplify things say they are 100 point contracts and closing costs for both are $700 but Disney only needs to pay $200.

The adjusted purchasing price if they took it for you would be $110. But the adjusted purchase price of the other contract would be $105 ($103 + $200 closing).

Anyway guess what I’m saying is paying more per point and having seller pay closing could be a way to increase chances ROFR waives

That’s why I did it

 

[katrinameucci]

$135-$7,250-50-AUL Subsidized -Dec-0/17, 50/18, 50/19- sent 4/14, passed 5/1

 

[ScubaCat]

$135-$7,250-50-AUL Subsidized -Dec-0/17, 50/18, 50/19- sent 4/14, passed 5/1

Nice find on the subsidized dues! They're not as common these days. Can you reformat that with the link on post #1 so it can go on the list?

 

[KAT4DISNEY]

An agent I spoke to last week told me that Disney handles the closing in-house, so when the seller agrees to pay closing costs, Disney actually gets an even better deal because their costs are lower. I'm not sure if he knew what he was talking about but he claimed that the "seller pays closing" might make a contract more attractive to Disney to take. Again, just relaying what the agent told me. I have no idea whether it's true. Anyone have experience with that?

I'm not certain how Disney could just toss out the title company for closing in the case of ROFR. It is to be the exact terms and remain the same for everyone - and that would have to include the title company that has been handling the transaction.

 

[ScubaCat]

and that would have to include the title company that has been handling the transaction.

Florida law specifies that the buyer has the right to choose the title company. I suppose, in turn, that allows them to choose themselves (which could technically be yet another subsidiary/internal company).

 

[Reneedisnerd]

Crossing my fingers for a lot of notices today.

 

[motherof5]

Why is Saratoga so much higher this month then last month? Also seems like Disney never took Saratoga as much as they are now.

 

[motherof5]

$135-$7,250-50-AUL Subsidized -Dec-0/17, 50/18, 50/19- sent 4/14, passed 5/1

Congratulations. I was told subsidized is hard to find.

 

[motherof5]

Awesome contract! Congratulations!!

Congratulations

 

[TexasChick123]

Why is Saratoga so much higher this month then last month? Also seems like Disney never took Saratoga as much as they are now.

They were buying it back like crazy last year too. It just ebbs and flows as a PP said. Who knows why they’re going nuts with buying it back, but they are.

 

[Jerry5788]

They were buying it back like crazy last year too. It just ebbs and flows as a PP said. Who knows why they’re going nuts with buying it back, but they are.

Maybe they feel they need to get the direct selling point higher - all the lower priced ones (AKR as well) - ahead of Grand Riveria as transportation is somewhat isolated as well. The Gondola they could get people to rationalize oh that is why more expensive

 

[motherof5]

I'm hoping it's short lived and they go back down.

 

[Matty B13]

Usually the end of the year is when buy backs really slow down, I think they run out of money in their budgets.

 

[Bambi19]

It feels like they are trying to drive up all the prices to make direct look more appealing?

 

[Beesknees6]

Nice find on the subsidized dues! They're not as common these days. Can you reformat that with the link on post #1 so it can go on the list?

Can you explain subsidized please?