ROFR Thread April to June 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[ehh]

ehh---$125-$19981-150-BCV-Dec-54/23, 42/24, 150/25- sent 6/11


Found a near-goldilocks contract for us that was too good to negotiate. Still think it's a decent price, though!

We had periodically discussed adding on at BCV/BWV for at least the past year, specifically to use at NYE so we could walk home from Epcot. I checked the resale sites 1-2x a month, but hadn't seen a lot of December in the 140-150pt range during my checks.

We were out and about on Saturday when we discussed BCV/BWV again and decided to commit and wait it out for a near-goldilocks contract at BCV specifically, to use for NYE 2025.

We had a few key criteria:

• December UY
• 140-150 points
• Minimal 'old' points
  • We don't rent out points, don't have a use for excess points any time in the next year, and already missed booking for NYE 2024 so our first use would be NYE 2025
• Didn't want to pay a silly price

We didn't need to wait long for one to meet our criteria...there had been a new contract posted that day and we made an offer matching what the seller requested to make sure it didn't get away.

All this to say I'm very glad Disney isn't taking much via ROFR right now outside of PVB.

 

[VGCgroupie]

ehh---$125-$19981-150-BCV-Dec-54/23, 42/24, 150/25- sent 6/11


Found a near-goldilocks contract for us that was too good to negotiate. Still think it's a decent price, though!

I stalk and I didn’t see this one. Nice find!

 

[jolynne28]

If you read the first post in this thread, it tells you to put those costs in the first number:
DISname---Price per point-Total cost (Price per point x # of points + Maintenance Fees to be paid at closing + Closing fees)-# of points-Home resort-Use Year-# of points available first year (banked or not),# of points current year, # of points following year, and year after that, followed by Date Sent for ROFR.

Ah my bad, I should’ve done the math, just saw a large number and assumed those costs were in there!

 

[crackerjack21]

AKV 200 @ $80 (passed)
AKV 242 @ $69 (passed)
BCV 270 @ $87 (passed)
BRV 250 @ $74 (passed)
RIV 185 @ $83 (waiting)
AUL 115 @ $51 (waiting)

These are my acquisition deals after renting loaded points on them.

I went from 0 point to 1262 in a month 100% because of this board.

My strategy was rather simple:
1. Obsessively check dvcforless for loaded contracts.
2. Be aggressive on offers, sometimes I low-balled expecting a counter at the price I was ready to buy at and they accepted the lowball offer. Sometimes the broker would be all “they didnt counter as they feel you are too far apart.” Fine. I’ve had offers accepted that were $25 under asking per point so in the current market still worth doing, even if it can bring condescending responses from some brokers.

Happy hunting!

I'm a noob, so just want to understand, are the prices in your post what you paid the seller? Or are you factoring in what you got after renting the points to get your net cost? I'm looking at BRV and haven't seen anything sell at $74/point. Just trying to figure out what to offer on a 100-150 point contract.

 

[FrancisK7]

I'm a noob, so just want to understand, are the prices in your post what you paid the seller? Or are you factoring in what you got after renting the points to get your net cost? I'm looking at BRV and haven't seen anything sell at $74/point. Just trying to figure out what to offer on a 100-150 point contract.

Look at an aggregate site like here:
https://www.dvcforless.com/listings?resorts=Boulder+Ridge

About 30 contracts in the $90-100 range for BRV now.

My deal was at $115 per point which was really high considering the current market but because of loaded points it made it a deal in the end.

 

[sparkhill]

I'm a noob, so just want to understand, are the prices in your post what you paid the seller? Or are you factoring in what you got after renting the points to get your net cost? I'm looking at BRV and haven't seen anything sell at $74/point. Just trying to figure out what to offer on a 100-150 point contract.

Here is another great tool: https://www.dvcrofr.com/pricing-tool

If you find a contract that is otherwise a good fit for use-year, point amount, price, loaded vs. stripped, I would not get too fixated on a few extra dollars per point. Say you are looking at a 150 point contract, is it worth it to me to skip over an otherwise perfect fit for $3/pt, or $450? Others may disagree, and I may be biased because I am at VGC, where there are fewer options to choose from.

 

[CWTC]

If you find a contract that is otherwise a good fit for use-year, point amount, price, loaded vs. stripped, I would not get too fixated on a few extra dollars per point. Say you are looking at a 150 point contract, is it worth it to me to skip over an otherwise perfect fit for $3/pt, or $450? Others may disagree, and I may be biased because I am at VGC, where there are fewer options to choose from.

You’re right - we are nervously awaiting the ROFR response because we underbid expecting a counter offer but they took our offer. It’s a great contract and now we’re worried it will get taken. But done is done.

 

[atthebeachclub]

Look at an aggregate site like here:
https://www.dvcforless.com/listings?resorts=Boulder+Ridge

About 30 contracts in the $90-100 range for BRV now.

My deal was at $115 per point which was really high considering the current market but because of loaded points it made it a deal in the end.

I just noticed that Aulani deal. Holy moly. Was that stripped? Totally insane. I would buy it for that price.

 

[lilsonicfan]

I just noticed that Aulani deal. Holy moly. Was that stripped? Totally insane. I would buy it for that price.

FrancisK7’s post with those super low prices is what they calculate their price per point to be after renting out the points they don’t need.

The Aulani purchase they made was $90 pp but looks like they got 2022 and 2023 pts (Dec UY) so seems they are renting out both years to get to the $51 mark.

 

[AstroBlasters]

FrancisK7’s post with those super low prices is what they calculate their price per point to be after renting out the points they don’t need.

The Aulani purchase they made was $90 pp but looks like they got 2022 and 2023 pts (Dec UY) so seems they are renting out both years to get to the $51 mark.

People should not post their hypothetical “tax free rental adjusted prices” in the ROFR thread. Just stick with the standardized format.

I understand that it helps to normalize stripped vs full vs loaded contracts…. but this thread is too popular with noobies.

 

[RuntheMouse]

I'm a noob, so just want to understand, are the prices in your post what you paid the seller? Or are you factoring in what you got after renting the points to get your net cost? I'm looking at BRV and haven't seen anything sell at $74/point. Just trying to figure out what to offer on a 100-150 point contract.

One data point for you, we bought a loaded 150 pt BRV early last year and paid $90/pt. It was our initial offer, no counter. I think you’re going to find a contract that suits you! Lots of good tools have been shared with you.

 

[Svenn]

Svenn---$96-$11391-100-AKV-Dec-90/23, 200/24, 100/25- sent 6/12

 

[RuntheMouse]

RuntheMouse---$120-$7297-50-RIV-Dec-0/23, 100/24, 50/25- sent 6/12

 

[FrancisK7]

People should not post their hypothetical “tax free rental adjusted prices” in the ROFR thread. Just stick with the standardized format.

I understand that it helps to normalize stripped vs full vs loaded contracts…. but this thread is too popular with noobies.

On April 1st of this year I was a total noob and knew *nothing* about DVC except you could rent points from owners. Let's not underestimate people.

I posted my actual deals following the standard formats, but even dvdrofr normalizes the price according to their own formula, taking into account who pays MF and closing fees, so considering the value of loaded points is not futile in my opinion.

Magical beginnings is a thing, so noobs should know about that possibility in the resale world too.

As a company owner who is incorporated I pay myself what I want each year, I can simply reduce my dividend payouts to offset my rental income so I do not have any additional tax burdens, so there was not any tax evasion implied either.

 

[lilsonicfan]

I posted my actual deals following the standard formats, but even dvdrofr normalizes the price according to their own formula, taking into account who pays MF and closing fees, so considering the value of loaded points is not futile in my opinion.

This thread moves so fast that your one post listing all of your normalized pricing after renting was pretty far away from the posts where you shared each string. I think Astroblasters is just saying that posting them in this particular thread has the tendency to confuse someone who might be casually browsing.

 

[Sprinkles&Sprints]

RuntheMouse---$120-$7297-50-RIV-Dec-0/23, 100/24, 50/25- sent 6/12

Nice!!

 

[Blerghityblergh]

Svenn---$96-$11391-100-AKV-Dec-90/23, 200/24, 100/25- sent 6/12

I think we bid on this one Sunday and it didn’t go through, then put in this exact bid Monday and got declined. Congrats on a great deal!!

 

[BrianLo]

As a company owner who is incorporated I pay myself what I want each year, I can simply reduce my dividend payouts to offset my rental income so I do not have any additional tax burdens, so there was not any tax evasion implied either.

You are still paying tax on this rental income though. I understand how Canadian corps work. Controlling your tax rate is not the same as not paying it at all. You've just deferred more income that you'll eventually pay taxes on down the road by drawing less. But the money in hand from your points rental was still taxed.

Magical Beginnings is actually tax exempt, which was news to me. Or like for like exchanges for other vacations through a broker.

I think you are from Quebec? Your marginal tax rate would make the poor Americans weep.

 

[chazas]

On April 1st of this year I was a total noob and knew *nothing* about DVC except you could rent points from owners. Let's not underestimate people.

I posted my actual deals following the standard formats, but even dvdrofr normalizes the price according to their own formula, taking into account who pays MF and closing fees, so considering the value of loaded points is not futile in my opinion.

Magical beginnings is a thing, so noobs should know about that possibility in the resale world too.

As a company owner who is incorporated I pay myself what I want each year, I can simply reduce my dividend payouts to offset my rental income so I do not have any additional tax burdens, so there was not any tax evasion implied either.

It's fine to think of it however you want, but by making up your own reporting metrics you only confuse people. If you post in the "normal" format folks can see who paid for closing costs and any "extra" banked points.

 

[AstroBlasters]

It's fine to think of it however you want, but by making up your own reporting metrics you only confuse people. If you post in the "normal" format folks can see who paid for closing costs and any "extra" banked points.

I think they are using the formula utilized by DVCROFR, but if people start posting “normalized” pricing based on various websites or internal models then it makes it really difficult to track for people who are just popping in and out and not reading through every page or understanding the factors that go into the “normalization” and how it would impact their specific situation.