ROFR Thread July to Sept 2019 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[wideboty2000]

Wideboty2000---$135-$13500-100-BLT-Mar-0/18, 0/19, 0/20, 99/21-International seller- sent 9/11

 

[ScubaCat]

Wideboty2000-$135-$13500-100-BLT-Mar-0/19-0/20-99/21-sent 9/11 Seller pays closing....really need this.....

Fingers crossed! Could you reformat that with the link in post #1?

 

[BrerRabbit1119]

Wideboty2000---$135-$13500-100-BLT-Mar-0/18, 0/19, 0/20, 99/21-International seller- sent 9/11

Just curious how you know if someone is an international seller? Do most of the resale pages mention that? I've never noticed it before.

 

[wideboty2000]

Just curious how you know if someone is an international seller? Do most of the resale pages mention that? I've never noticed it before.

Yes...it was listed on Resale page and paperwork/contract lists it as well.

 

[Yinn]

Our offer was $143. Our PVB contract came with a bunch more points (234 points that the sellers are paying the dues on), so I feel like we got a much better deal. We had considered offering on another BLT contract, but it felt too likely that it would be gobbled up by Disney.

Per the dvcresalemarket blog entry for August, the highest buyback for their contracts was $143, so we were right on the edge (at least for contracts that go through their site).

I saw that contract that you ended up with and still have the numbers on it. Seller paying dues and closing is worth an additional $5/ppt on the closing side, and $7/ppt on the dues. I also had it adjusted based on what those extra points would bring in as rental income or cost to rent if you needed it. All said and done I had an adjusted value of $130/ppt on it based on a typical contract (ie, full points, no extras, buyer pays dues and closing) Not bad!

 

[pacmanmp]

pacmanmp---$117-$13375-110-AKV-Dec-0/18, 110/19, 110/20- sent 8/28

How concerned should I be that I am seeing so many 8/28 pass ROFR and have not heard anything?

 

[tnicks]

pacmanmp---$117-$13375-110-AKV-Dec-0/18, 110/19, 110/20- sent 8/28

How concerned should I be that I am seeing so many 8/28 pass ROFR and have not heard anything?

Contact your broker. I remember last time I went through this mine simply had forgotten to tell me I had passed. Sadly the seller bailed on me just prior to closing, so here I am again.

 

[Derian]

I saw that contract that you ended up with and still have the numbers on it. Seller paying dues and closing is worth an additional $5/ppt on the closing side, and $7/ppt on the dues. I also had it adjusted based on what those extra points would bring in as rental income or cost to rent if you needed it. All said and done I had an adjusted value of $130/ppt on it based on a typical contract (ie, full points, no extras, buyer pays dues and closing) Not bad!

I don't think they're paying closing costs, just maintenance fees, so that puts us at $134/ppt. Closing costs are estimated at just short of $700, so I'm still pretty thrilled about the deal that we're getting.

I was also curious how much it cost the previous owners to turn around and sell it so quickly at such a low price. I made this spreadsheet to try and estimate how the purchase panned out for them. Turns out they spent approximately $17.53/point, which is above the current rental market price (and well above for where it was a few years ago).

200	Cost/Point	Total		Points Used
Purchase	$165.00	$33,000.00
Used 2015	$6.02	$1,204.00		200
Used 2016	$6.09	$1,218.00		200
Used 2017	$6.13	$1,226.00		200
Used 2018	$6.20	$1,240.00		166
Paid 2019	$6.73	$1,346.00
Sold	-$141.00	-$28,200.00
Agent	$11.99	$2,397.00
Total		$13,431.00		766
Cost/Point		$17.53

 

[Yinn]

I don't think they're paying closing costs, just maintenance fees, so that puts us at $134/ppt. Closing costs are estimated at just short of $700, so I'm still pretty thrilled about the deal that we're getting.

I was also curious how much it cost the previous owners to turn around and sell it so quickly at such a low price. I made this spreadsheet to try and estimate how the purchase panned out for them. Turns out they spent approximately $17.53/point, which is above the current rental market price (and well above for where it was a few years ago).

200	Cost/Point	Total		Points Used
Purchase	$165.00	$33,000.00
Used 2015	$6.02	$1,204.00		200
Used 2016	$6.09	$1,218.00		200
Used 2017	$6.13	$1,226.00		200
Used 2018	$6.20	$1,240.00		166
Paid 2019	$6.73	$1,346.00
Sold	-$141.00	-$28,200.00
Agent	$11.99	$2,397.00
Total		$13,431.00		766
Cost/Point		$17.53

Yea the depreciation of it is kind of crazy. These things do need to ride out a good amount of term for it to be worthwhile or resale purchase. I've got a bit of waiting to do myself. The guaranteed week may be a wild card for me.

Yinn---$128-$26500-206-PVB-June-0/18, 21/19, 206/20, 206/21-Guaranteed Week 52- sent 9/6

 

[Derian]

I also had some spreadsheet fun and put together a DVC direct cost comparison: https://docs.google.com/spreadsheets/d/1p4pBwcW_kutdiGL_GBiS8mel69HYMgZyE5RI6evHxXo/edit?usp=sharing

You should be able to use it for resale as well, but there are more variables involved. It is also based on using the 75 point minimum (but if you update the upper left cell you can change it to 100).

This allows you to optimize for cheapest buy-in, cheapest cost/point (if you are going to rent them out), or cheapest dues. Note that maintenance fees will adjust over time, but inflation will probably adjust your paycheck as well, so I didn't try to adjust for it.

 

[ScubaCat]

I also had some spreadsheet fun and put together a DVC direct cost comparison: https://docs.google.com/spreadsheets/d/1p4pBwcW_kutdiGL_GBiS8mel69HYMgZyE5RI6evHxXo/edit?usp=sharing

You should be able to use it for resale as well, but there are more variables involved. It is also based on using the 75 point minimum (but if you update the upper left cell you can change it to 100).

This allows you to optimize for cheapest buy-in, cheapest cost/point (if you are going to rent them out), or cheapest dues. Note that maintenance fees will adjust over time, but inflation will probably adjust your paycheck as well, so I didn't try to adjust for it.

Good lord, $17K for 75 BCV points. Crazy!!

 

[Kansasdreamers]

$87-$34,800-400-SSR-FEB-0/18, 0/19, 800/20, 400/21- sent 9/13

 

[pacmanmp]

Does anyone have an idea on how disney handles ROFR? is it once a week a list comes out or twice? do they come out in bulk or just one by one? thanks

 

[Brianstl]

I don’t expect to see Disney exercise ROFR much if at all before the end of what will be a really rough fiscal year for Chapek’s division. They are eliminating shows and firing entertainers. ROFR activity will probably remain low until they see a sustained increase in revenue from the division.

 

[kannons610]

$87-$34,800-400-SSR-FEB-0/18, 0/19, 800/20, 400/21- sent 9/13

This will be an awesome deal if it passes. Good luck!

 

[vikequeen]

I don’t expect to see Disney to exercise ROFR much if at all before the end of what will be a really rough fiscal year for Chapek’s division. They are eliminating shows and firing entertainers. ROFR activity will probably remain low until they see a sustained increase in revenue from the division.

If thats true it will be a great time to be a buyer!

 

[ScubaCat]

$87-$34,800-400-SSR-FEB-0/18, 0/19, 800/20, 400/21- sent 9/13

Could you please reformat that with the link in post #1 so it can go on the list?

 

[TonyaG83]

Yea the depreciation of it is kind of crazy. These things do need to ride out a good amount of term for it to be worthwhile or resale purchase. I've got a bit of waiting to do myself. The guaranteed week may be a wild card for me.

Yinn---$128-$26500-206-PVB-June-0/18, 21/19, 206/20, 206/21-Guaranteed Week 52- sent 9/6

Good luck!!! If you pass, I’m going to be tempted to put in another offer!!!

 

[pangyal]

Wideboty2000---$135-$13500-100-BLT-Mar-0/18, 0/19, 0/20, 99/21-International seller- sent 9/11

I would love to add this, but I need the correct totals, please . That total should include all closing costs, MF due at closing, any fees to broker, etc. Thank you!

 

[pangyal]

Updated!