ROFR Thread July to Sept 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

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Poly Dues $8.23 x 150 = $1234.50
so Closing costs only $206.50 ?

That's what had me originally ask because I didn't think closing would be that much if seller was paying 2024 dues and I didn't think closing would be so low if you were reimb 2024 dues. Possibly you are paying closing but only reimb partial 2024 dues as maybe the seller was on a monthly payment plan with Disney and only asking you to pay the remaining owed and not reimb for the months paid in 2024 already?
I updated my org post.
Domique---$166-$26941-150-PVB-Feb-0/23, 150/24, 300/25, 150/26- sent 7/10

I had to pull up my contract to double-check.
Errors were made, thank goodness no lives were lost.

Purchase Price of 24,900
Closing Cost $807
8.23×150= $1234.50
Total $26,941.5
 
Getting anxious over here, waiting on 6/25... I don't think they want my Riv points, but I do.
 
I'm surprised they're ROFRing so high.. I mean I guess it had double points with the seller paying MFs but it makes me wonder what Poly will be going for after incentives once they finally do start selling points for the tower
eMoneyBug---$163.79-$38064-225-PVB-Oct-221/23, 450/24, 225/25-seller pays MF '24- sent 6/17, passed 7/9
$160 must be the arbitrary cut off cause this one passed today, also very loaded and seller paying MFs 🤷🏼‍♀️

ETA: sorry it didn’t pass today, but within the last weekish
 
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Yay! They have gotten the ball moving again. Thank goodness. It looks like they are up to 6/24 now. I’m July 7th so hopefully they keep moving fast.
 
Disney’s PVB ROFR strategy makes zero sense to me.
It only makes sense to me if they are planning to price high without especially generous incentives….and even then, why in the world have they been jacking up prices several months prior to actually offering the tower for sale? Seems like they are picking up a lot of points they (presumably) don’t need and they could have started ROFR a few weeks before direct sales and saved themselves the trouble.

They seem to have (mostly?) given up on VGF, which is a little surprising but I guess they think most direct buyers won’t consider VGF as an acceptable substitute?
 
It only makes sense to me if they are planning to price high without especially generous incentives….and even then, why in the world have they been jacking up prices several months prior to actually offering the tower for sale? Seems like they are picking up a lot of points they (presumably) don’t need and they could have started ROFR a few weeks before direct sales and saved themselves the trouble.

They seem to have (mostly?) given up on VGF, which is a little surprising but I guess they think most direct buyers won’t consider VGF as an acceptable substitute?
My theory is that they are buying the points to be able to include 2023 points in some UY’s

In the past when a new resort went on sale they couldn’t include current UY points for all UY’s.

Meaning Poly2 opens in December 2024. If sales starts ie Sept 1st then October and December UY owners are still in their 2023 UY. Since Poly2 don’t have points until December 2024 then no owners can get points from 2023 UY from Poly2. However by ROFRing points from Poly then they can change the UY for those points and include them in the sale.
 
My theory is that they are buying the points to be able to include 2023 points in some UY’s

In the past when a new resort went on sale they couldn’t include current UY points for all UY’s.

Meaning Poly2 opens in December 2024. If sales starts ie Sept 1st then October and December UY owners are still in their 2023 UY. Since Poly2 don’t have points until December 2024 then no owners can get points from 2023 UY from Poly2. However by ROFRing points from Poly then they can change the UY for those points and include them in the sale.

Since the point they would be ROFRing are deeded to current units, they can’t combine them with new tower points, They can not shift points sold from long houses to tower rooms as those have already been declared and sold that way.

With BPK, they only sold the new units and I expect them to do the same with PVB tower.

Because the points they took back are likely not all from the same units, they couldn’t do any peomotio.n related to it because all points in a contract have to be deeded to the same unit.

I still believe the purpose was to get the resale price up a little so the difference between that and direct was not enormous.
 
Since the point they would be ROFRing are deeded to current units, they can’t combine them with new tower points, They can not shift points sold from long houses to tower rooms as those have already been declared and sold that way.

With BPK, they only sold the new units and I expect them to do the same with PVB tower.

Because the points they took back are likely not all from the same units, they couldn’t do any peomotio.n related to it because all points in a contract have to be deeded to the same unit.

I still believe the purpose was to get the resale price up a little so the difference between that and direct was not enormous.
Since members can transfer points in and out why shouldn’t Disney be able to do the same on behalf of members.

Not saying that Disney didn’t do it to drive up resale prices I just think there are more to it.
 
Since members can transfer points in and out why shouldn’t Disney be able to do the same on behalf of members.

Not saying that Disney didn’t do it to drive up resale prices I just think there are more to it.

Transfers are not selling points. Completely different.

You are talking about buying a contract with terms and the only 2023 points that exist are deeded to current PVB.

So, they can’t draw up a contract to sell points deeded to X unit in the tower and include 2023 points as part of that sale.

Now, DVD can offer developer points as an incentive to buyers…they did that when Inbought originally. They were SSR points.

But, what they can’t do is sell someone a contract deeded to the tower and include 2023 points as part of that sale that didn’t exist for that unit the person is buying.

ETA: Some of us tried to get DVd to sell us deeds to the original VGF in 2022 so we could get 2021 points for our later UYs and they would not. They were only selling deeds to the new units.
 
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