Galactic Reversal
Mouseketeer
- Joined
- Apr 12, 2023
- Messages
- 201
Yeah, sorry I still need to add an explanation of the normalizing process. It's just trying to evaluate all the contracts on even-footing. It looks like you got a loaded contract with either below avg closing costs or seller-paid '23 MF's. Essentially the $99/pt you paid for that contract would be equivalent to paying ~$74/pt for a regular (not loaded) contract with $750 closing costs and buyer-paid 2023 MF's. You can do a similar back-of-the-napkin calculation yourself by approximating the value of the loaded points with their rental value (~$20*50pts = $1,000) also take into account the lower than average closing costs + MF. Normal closing costs: $750cc + $8.51 * 50pts = $1,175.5, versus what you paid: $715. Subtract the value of those "bonuses" from what you paid -> $5,665 - $1,000 loaded pts - $460.50 lower MF&cc = $4,204.5. Now take the ratio of the two and apply it to your purchase price/pt and you get in the same ballpark: 4,204.5/5665 * 99 = $73.5Maybe this should be in its own thread or even PM, but is there an error on the "normalized" page for BRV for "this year" i see my contract listed correctly, but on the chart it's down in the $70's? (is that what normalized means?)