ROFR Thread October to December 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Jimmy Geppetto]

You might be surprised but there are more SSR deeds priced at over $100 than under when you search the Orange County records.

Several yesterday were $109 or higher.

Some people pay $210pp when buying direct. But I get your point. I wound assume those sold for $100-109 have banked points. Hard to tell on OC comptroller site.

 

[aceshigh73]

I hope not because then it would have a terrible loan to boot

You should go on the DVC Fan (should just change the name to fanboy) FB page. They all love sign and stay. It’s totally a head scratcher.

 

[tom1944]

Some people pay $210pp when buying direct. But I get your point. I wound assume those sold for $100-109 have banked points. Hard to tell on OC comptroller site.

The price trend seems stable if not slightly up over the past month.

 

[Bearval]

You might be surprised but there are more SSR deeds priced at over $100 than under when you search the Orange County records.

Several yesterday were $109 or higher.

There are several SSR loaded Jun contracts listed from $92- $100 pp they are 160 point contracts but they are also less than 17k .

 

[tom1944]

There are several SSR loaded Jun contracts listed from $92- $100 pp they are 160 point contracts but they are also less than 17k .

I have been tracking those and August contracts

 

[aceshigh73]

There are several SSR loaded Jun contracts listed from $92- $100 pp they are 160 point contracts but they are also less than 17k .

Agreed, there are 4 Jun 200 pt contracts (probably from same seller) that have been sitting at $100/pt for over 2 months. I've been watching those and trying to convince myself i dont need 200 SSR points right now LOL!

 

[KeyRose]

Sorry for the unsolicited opinion, but I would cancel this asap. If you are new to dvc, feel free to dm me for help. If you are experienced and happy just ignore my message and carry on.

In all honesty, I had forgotten this thread existed to see how much the points where going for. I remembered AFTER the offer went to Disney for ROFR. We aren’t planning on having the loan long term & I just did the numbers. If I put in for $95/point now, it’ll only lower the monthly by $40 and the overall price by $2k. Not really worth it to rescind the offer for me personally. HOWEVER, now I know and I’ll make sure to keep this in mind for my next contract

 

[KeyRose]

I wonder if that is one of those “no money down, seller pays all closing costs, no first year dues because it stripped , higher ppp” contracts.

It is one of those. I honestly forgot about this thread and do wish I saw this before but I redid the numbers and it really isn’t worth it for me personally to save $2k for the hassle. This isn’t going to be a long term loan. But I will keep this thread in mind for my next contract. Im hoping to have this one paid off in two years and then buying another $160. Still debating if I should do the next one direct or not though.

 

[aceshigh73]

It is one of those. I honestly forgot about this thread and do wish I saw this before but I redid the numbers and it really isn’t worth it for me personally to save $2k for the hassle. This isn’t going to be a long term loan. But I will keep this thread in mind for my next contract. Im hoping to have this one paid off in two years and then buying another $160. Still debating if I should do the next one direct or not though.

What did your interest rate end up being ?

 

[AstroBlasters]

It is one of those. I honestly forgot about this thread and do wish I saw this before but I redid the numbers and it really isn’t worth it for me personally to save $2k for the hassle. This isn’t going to be a long term loan. But I will keep this thread in mind for my next contract. Im hoping to have this one paid off in two years and then buying another $160. Still debating if I should do the next one direct or not though.

Is it $2k + an extra year or two of points with other contracts ? @$17pp 2 years (23 and 24) of points could be worth $5440 in addition to the $2000 price difference.

 

[intamin]

Is it $2k + an extra year or two of points with other contracts ? @$17pp 2 years (23 and 24) of points could be worth $5440 in addition to the $2000 price difference.

Yeahh I don’t want us to keep harping on OP but there are plenty of SSR contracts in the 90s with points in the coming years, some loaded. You’re giving up 2 years of points, paying more for it and getting into a high interest loan? If the 2,000 doesn’t mean that much to you why not put that 2,000 to avoid having to do a bad sign and stay deal from DVCRM? This is my last comment on it because at the end of the day it’s not my money and not my decision but I can’t stress enough that OP you should strongly consider rescinding.

 

[KAT4DISNEY]

It is one of those. I honestly forgot about this thread and do wish I saw this before but I redid the numbers and it really isn’t worth it for me personally to save $2k for the hassle. This isn’t going to be a long term loan. But I will keep this thread in mind for my next contract. Im hoping to have this one paid off in two years and then buying another $160. Still debating if I should do the next one direct or not though.

It's more than $2K though. With your contract it doesn't have points until 2025. Lots to be found with 23 & 24 points and even some banked 22 points. Each of those points is going to net you at least $5 and some more in the $12-20 range (the ones you don't pay dues on). Roughly average it out as at a minimum $10/pt and that's another $3200-4800 so you're paying $5200-6800 more to not write a note and send it to the broker saying you rescind.

 

[KAT4DISNEY]

I don’t remember the details, but they’re was some lawsuit related to MFs and that those who continue to own until 2057 can’t be charged a huge increase because of things.

And, no I don’t think they will offer any owners who bought with 2042 and the quit claim filed any extension…I also think…and someone mentioned this so not my idea…that they can simple give owners new deeds to a set of buildings and then remove the others from the condo association.

The lawsuit I heard about was that there would need to be an adjustment for the 2042 owners so they were not contributing into the Capital fund for refurbs after 2042. No recollection of 2057 owners not potentially having larger increases however a mention of VB and Aulani might be enough to quell that if it came up. I don't really think it's a concern.

As you said later they can't just reassign deeds. Same issue as there was with the extension. This is real estate and would require paperwork and it's doubtful they could get everyone to sign without some threats like they tried with the extension quit claim deed. And that's not going to go over either.

 

[JackosinDIS]

JackosinDIS---$95-$14884-150-SSR-Jun-0/22, 260/23, 150/24, 150/25-Seller pays MF- sent 11/27

 

[aceshigh73]

It's more than $2K though. With your contract it doesn't have points until 2025. Lots to be found with 23 & 24 points and even some banked 22 points. Each of those points is going to net you at least $5 and some more in the $12-20 range (the ones you don't pay dues on). Roughly average it out as at a minimum $10/pt and that's another $3200-4800 so you're paying $5200-6800 more to not write a note and send it to the broker saying you rescind.

Then pull up an amortization calculator for $17,000 at 17.9%, even paying it off in like 27 months, its $3600 in interest!

These sign and stay "deals" at RM make me sick to my stomach. And the way they market them in their videos makes it worse... "You asked for it, so we "found a way" to make it work.... GOOD LORD with the bullcrap.
Literally nobody is asking for 18% interest on a timeshare. Dave Ramsey would probably throw his micrphone in the trash if you called with this stuff.

 

[KAT4DISNEY]

Then pull up an amortization calculator for $17,000 at 17.9%, even paying it off in like 27 months, its $3600 in interest!

These sign and stay "deals" at RM make me sick to my stomach. And the way they market them in their videos makes it worse... "You asked for it, so we "found a way" to make it work.... GOOD LORD with the bullcrap.
Literally nobody is asking for 18% interest on a timeshare. Dave Ramsey would probably throw his micrphone in the trash if you called with this stuff.

Yes, I've refrained from commenting on that "deal" but it's atrocious.

 

[aceshigh73]

Yes, I've refrained from commenting on that "deal" but it's atrocious.

Dont refrain... Scream it from your rooftop!!! Im tired of people being taken advantage of by marketing and sales people. What people decide to pay per point is up to them (lord knows, my first BWV contract price was terrible) but man, the interest and terms are the worst. And then they pile on and make it all roses by saying how amazing and limited the offer is.. and then give you a stripped contract and call it the opposite of what it is... "Sign and Cant stay"

 

[lilsonicfan]

I think it's important to remember that people spend their money how they want and do the research that satisfies them. I don't disagree with the financial analysis of "sign and don't stay" but also don't want to make people feel badly about what they have decided works for them.

 

[aceshigh73]

I think it's important to remember that people spend their money how they want and do the research that satisfies them. I don't disagree with the financial analysis of "sign and don't stay" but also don't want to make people feel badly about what they have decided works for them.

Im with you, and @KeyRose Im sorry if we are being harsh. Dont take it that way. We want you to get a better deal is all. And i want RM to stop the marketing BS. It falls very close to the 'scummy' timeshare sales tactics you hear about.

 

[Sandisw]

I think it's important to remember that people spend their money how they want and do the research that satisfies them. I don't disagree with the financial analysis of "sign and don't stay" but also don't want to make people feel badly about what they have decided works for them.

I agree. It’s not my business to tell anyone how to spend their money and whether or not paying more for something now vs waiting is a good or bad decision.

I think the best we can do is give pros and cons of it and let them decide. Is the deal being promoted cost effective in the same way others are? Probably not.

But, could it be a deal that some are willing to accept because it fits their needs? Sure