Should I counter with a higher selling price?

[DVCwannabee]

Hello everybody, first post . Hopefully many more to come. I need some opinions please. I am in the process of purchasing 160 points at BCV through resale. It has a Dec UY and has 73 pts banked from 2004, 160 from 2005, and 160 coming on-line on December 1st. It has an asking price of $90/point. Do you think this will pass ROFR? If not, what price should I counter with? My family really wants this location and 160 points is just right for us. Thank you for any reponses I might get.

PS - It feels so good to finally post something here, as I have been reading this board for quite a while now. Talk to you later.

Shaun

 

[CapeCodFam]

If it is the contract for you, I would offer the asking price. I wouldn't want to risk losing a great contract over a few dollars. But, check out the ROFR thread to see what the going rates are that pass ROFR. (Just to be safe). If that is above the rate, you're in good shape. If it isn't, you can raise to minimize your chances of losing it to ROFR.

Best wishes.

 

[bobbiwoz]

Welcome!

It seems that the latest update of the ROFR thread was in March, but have you looked at it?

PASSED:
keenercam -------- 200 HH ( ? ) $75, 0 current pts, all '06 pts, buyer pays closing (sub mid/late Dec, passed early Jan)
trvlr4301r ---------- 100 BWV (Apr) $85 (sub 12/28, passed 1/10/06)
psu4glory ---------- 200 BWV (Apr) $82.50, all '05 pts banked, all '06 coming, buyer pays closing and '06 MN fees (sub 12/28, passed 1/10/06)
greenban ---------- 1156 OKW (Apr) $73, 545 pts banked from '04, all '05 pts banked, & all '06 pts coming, buyer pays '06 MN fees, seller pays '05 MN fees (sub 12/29/05, passed 1/13/06)
DVCforME ---------- 150 BWV (Jun) $86, 150 '04 pts banked and all '05 pts avail now, all '06 pts coming, buyer pays closing and MN fees for '06 pts (sub 1/3/06, passed 1/13/06)
luvthedis ----------- 86 BWV (Oct) $90.49, no points until 10/01/06, seller pays closing and '06 MN fees (sub 1/9, passed 1/23)
disneydenisel ---- 170 BCV (Feb) $85, 0 current pts, all '06 pts coming, buyer pays closing and '06 MN fees (sub 1/9, passed 1/30) - non-member
Uferlives --------- 150 BCV (Jun) $90, 33 pts banked from '04, all '05 banked so 300 pts coming Jun '06, buyer pays closing and '06 MN fees (sub 1/17, passed 1/30)
Stuart D --------- 230 OKW (Sep) $77, 240 banked points (passed 1/30)
PapaBear06 ------ 300 SSR (Sep) $81, 258 banked pts and all '06 pts coming, buyer pays closing (sub 1/31, passed 2/8)
Inkmahm --------- 150 BWV (Oct) $81, 38 pts currently available, 138 '06 pts coming, buyer pays closing and '06 MN fees (sub 1/30, passed 2/13) - new-member
desire 2b a princess - 210 OKW (Apr) $72, buyer pays closing and MN fees on 150 pts (passed 2/14) - new-member
bjennings ----------- 100 BWV (Jun) $86, 97 '06 pts coming, buyer pays closing and MN fees (sub 2/3, passed 2/13) - new-member
Mickeysfriend ------- 92 OKW (Apr) $82, all '05 & '06 pts (sub 2/1?, passed 2/15) - non-member
niffer --------------- 100 BCV (Oct) $90, 0 current pts, all '06 and '07 pts coming, buyer pays closing & '06 MN fees (passed 2/20)
niffer --------------- 150 BCV (Oct) $89, 0 current pts, all '06 and '07 pts coming, buyer pays closing & '06 MN fees (passed 2/20)
Plutofan ------------ 170 HH (Jun) $70, 163 banked pts from '04, 168 reservation status pts that must be used by 6/1/06, 179 pts coming 6/1/06, buyer pays closing and '06 MN fees (sub 2/6, passed 2/21) - member
cslittle999 ---------- 200 BWV (Aug) $80, 8 pts avail 8/1/06, buyer pays closing (sub 2/7, passed 2/21) - non-member
snwwhite ----------- 120 SSR (Apr) $78, no pts until Apr '07, buyer pays closing (sub 2/7, passed 2/21) - non-member
simzac -------------- 150 OKW (Sep) $76, 140 '05 pts banked and all '06 pts coming, buyer pays closing and '06 MN fees (sub 2/9, passed 2/21) - non-member
MOqu ---------------- 68 BWV (Feb) $85, no points until Feb 2007, seller pays closing costs (sub 2/13, passed 2/28) - non-member
greenban ------------ 100 BCV (Oct) $94, all '04, '05, and '06 points (sub 2/14, passed 2/28) - member
greenban ------------ 100 BWV (Oct) $94, all '04, '05, and '06 points (sub 2/14, passed 2/28) - member
greenban ------------ 100 VWL (Oct) $94, all '04, '05, and '06 points (sub 2/14, passed 2/28) - member
plutomastif --------- 100 VWL (Jun) $92, all '04 & '05 pts, buyer pays '06 fees and closing (sub 2/13, passed 2/28)
aubeone ------------- 75 BWV (Apr) $90.50, 35 '06 pts coming, all '07 coming, spliting '06 pts, seller pays closing (sub 2/9, passed 2/28)
JWMW1 --------------- 160 VB (Apr) $65, 160 currently avail, all '06 pts coming, buyer pays closing and '06 MN fees (sub 2/16, passed 2/28)
onceuponadreaminTX -- 210 BCV (Mar) $87, 31 banked '05, 104 pts 3/06 buyer pays closing and 06 MF (sub 2/14, passed 2/28) non-member
kimberh --------------- 250 VWL (Oct) $86, 100 pts from '04 all '05 and '06 pts (passed March ?) - non-member
jmatias --------------- 150 VWL (Aug) $93, all '04 '05 & '06 pts, buyer pays closing and '06 MN fees (sub 2/17, passed 3/9)
CindyTX -------------- 200 BWV (Jun) $80, 195 pts coming June '06, buyer pays closing and '06 MN fees (sub 2/22, passed 3/9)
CindyTX -------------- 220 BWV (Jun) $80, 220 pts coming June '06, buyer pays closing and '06 MN fees (sub 2/22, passed 3/9)
DVCforMe ------------ 210 OKW (Sep) $76, 210 '04 pts, 203 '05 pts and 210 '06 pts, buyer pays closing and '06 maintenance (sub 2/28, passed 3/10) - member
mittelst ---------- 50 HHI (Oct) $84.34, 34 pts banked from '04, all '05, seller pays '06 MN fees and closing (sub 3/1, passed 3/10) - non-member
MemoryMakers2669 --- 50 VWL (Oct) $99.20, 36 '05 pts banked and all '06 coming, seller pays closing and '05 MN fees (sub 2/15, passed 2/28) non-member
kderosa ----------- 200 VWL (Oct) $82, 28 current pts, 200 coming in Oct '06, Buyer pays closing (sub 2/24, passed 3/12) - non-member
CindyTX ----------- 200 BCV (Jun) $85, 105 pts '06 pts coming, buyer pays closing and '06 MN fees on 105 pts (sub 3/7, passed 3/14) -non-member
tigger2on -------- 150 SSR (Feb) $86, 150 pts from '05, all from '06 so 300 pts currently available (sub 3/6, passed 3/16) -non-member
lmb -------------- 170 BWV (Feb) $80, all '06 pts, buyer pays closing (sub 3/16, passed 3/15)
greenban --------- 400 VB (Dec) $59, 298 '05 pts available, all '06 coming, buyer pays closing and '06 MN fees (sub 3/6, passed 3/10) member



ROFR'D:
cgcruz --------------- 25 OKW ( ) $80, all 2005 & 2006 pts (sub 10/17, rofr'd 11/03)
bullpup12564 --------- 25 VWL (Apr ) $76, no points until 2007 (sub 10/25, rofr'd 11/11)
even1 --------------- 50 OKW (Jun) $76, 50 avail 50 coming (sub 11/12, rofr'd 12/8)
Al D ---------------- 306 BWV (Dec) $74, no points until Dec '06
Al D ---------------- 200 BWV (Sep) $80, 184 '05 pts banked all '06 pts coming
????? --------------- 220 HHI (Oct) $68, 206 pts avail and all '06 coming, buyer pays closing and MN fees (sub 11/8, ROFR'd 12/05)
????? --------------- 200 HHI (Apr) $65, no pts until Apr '06, buyer pays closing seller pays '05 MN fees (sub 12/23, ROFR'd 12/05)
????? --------------- 150 BWV (Apr) $78, no pts until Apr '06, buyer pays closing seller pays '05 MN fees (sub 11/30, ROFR'd 12/16)
????? --------------- 100 BCV (Aug) $84.07, no pts until Aug '06, buyer pays closing and '06 MN fees (sub 11/14, ROFR'd 12/13)
DVCforMe ----------- 210 OKW (Aug) $73, 63 pts banked from '04, all '05 and '06 pts, buyer pays '05 MN fees and closing (ROFR'd 12/29)
Disneymooners93 ---- 50 SSR (Sep) $87, 45 '05 pts coming, all '06 pts coming, seller pays '05 MN fees (sub 12/17, ROFR'd 1/6) - non-member
????? --------------- 250 OKW (Apr) $73, buyer pays closing and '06 dues (ROFR'd 2/1)
cslittle999 ---------- 200 BCV (Aug) $80, no points until 2007, buyer pays closing (sub 1/17, ROFR'd 2/2) - non-member
aubeone ------------ 25 BCV (Jun) $88, all '06 & '07 pts coming, buyer pays closing (sub 1/18?, ROFR'd 2/2) - non-member
MOqu --------------- 45 OKW (Sept) $84, all '05 and '06 pts coming, buyer pays '06 dues (sub 1/18, ROFR'd 2/2) - non-member
MemoryMakers2669 -- 50 OKW (Sep) $80, 50 pts currently avail, all '06 pts coming (sub 1/30, ROFR'd 2/3) - non-member
snwwhite ----------- 50 OKW (Aug) $76, no pts until 2007 (sub 1/27, ROFR'd 2/3) non-member
even1 --------------- 50 BCV (Jun) $88, 50 banked pts & 16 pts coming on 6/1/06, buyer pays MN fees on 16 '06 pts (sub 1/23, ROFR'd 2/3?) - non-member
Paging Tom Morrow -- 50 BWV (Mar) $87, 0 current pts, 19 pts coming in '07, all '08, buyer pays closing (sub 3/13?, ROFR'd 3/20) - non-member


WAITING:
deide71 ---------- 100 OKW (Mar) $75, 49 pts coming Mar '06, seller pays '05 MN fees and prorated '06 fees
belle3 ------------ 200 OKW (Feb) $72, all '06 points coming, buyer pays closing (sub 11/14)
DVCforMe -------- 310 OKW (Sep) $76, 130 '04 pts, all '05 & '06 pts, buyer pays closing and '06 MN fees (sub 2/7?) - member
itsmyhappyplace -- 200 BCV (Feb) $87, 57 banked '05 pts, all '06 pts, buyer pays closing and partial '06 pts (sub 3/9)
NewBaloo --------- 270 OKW (Dec) $78, 223 '04 pts, all '05 & '06 pts, buyer pays closing and '06 MN fees (sub 2/7), non-member
NYMomof4 -------- 50 HHI (Sep) $73, 50 pts banked from '05, 50 coming '06 (sub 3/14) - member
Plutofan ---------- 170 BWV (Oct) $85, 170 '04 pts, 170 '05 pts and all '06 coming, buyer pays closing and '06 MN fees (sub 3/22?)
Paging Tom Morrow - 50 BWV (Oct) $95, 0 pts now, all '06 coming, buyer pays closing (sub 3/24?) - non-member

I hope you get what you want!

Bobbi

 

[Paging Tom Morrow]

I would offer more than the asking price if you want a good chance of passing ROFR.

 

[bom_noite]

First of all welcome! And - we will see you at BCV real soon I hope!

The only advice I would give is study the ROFR numbers bobbi provided, go with your heart and listen to the agent on what they feel is a fair offer!

While I personally do not have the knowledge - someone else may be able to confirm a question I would have: "Does it matter who pays the closing costs and dues? Would that affect the ultimate ROFR decision?"

I do like the looks of that contract because of the banked points - you can go crazy with that one!

 

[Slakk]

Hello everybody, first post . Hopefully many more to come. I need some opinions please. I am in the process of purchasing 160 points at BCV through resale. It has a Dec UY and has 73 pts banked from 2004, 160 from 2005, and 160 coming on-line on December 1st. It has an asking price of $90/point. Do you think this will pass ROFR? If not, what price should I counter with? My family really wants this location and 160 points is just right for us. Thank you for any reponses I might get.

PS - It feels so good to finally post something here, as I have been reading this board for quite a while now. Talk to you later.

Shaun

I can tell you DVC has a waiting list for Dec UY points (I should know I am on it) so I would not got much under 90 or those points may end up being mine

Good luck with your purchase.

 

[Boas]

good luck... i just got past ROFR (appproved in 5 days).
* 100 pnts / $95 per pnt/ 2004/ 2005/ 2006 pnts incld.
* Buyer pays closing & 2006 maint costs.
* Non-DVC member

I know that 30 days ago DVC was selling th following deal:
* $92/ pnt
* 150 pnt min.
* all 2006 pnts
* pro-rated maint dues

... to me it was worth the $3+ / pnt above the DVC price ($300 extra) to get a lower number of points (I am a new DVC member buying below the DVC selling min. of 150 pnts)... and then all the extra points were a great bonus.

If you are really worried... take the offer upto $92 ($2 x 160 = $320)... in the grand scheme of things it really isn't that much.
Rational:
* BCV is a hot property and hard to get points
* offering the exact amount of points you need/ want
* all the extra banked points
* match of DVC price offering.

It is anybody's guess in the end, but I can tell you my package cleared DVC ROFR in 5 DAYS!!!
* either I paid too much
* good timing (perhaps by DVC auditor was having a good day)
* or I was lucky...
Doesn't matter to me which one... I am happy w/ my deal and awaiting closing doc's.

End result... why stress over a few hundred $, you are paying $15k.

 

[JimMIA]

I can tell you DVC has a waiting list for Dec UY points (I should know I am on it) so I would not got much under 90 or those points may end up being mine

Good luck with your purchase.

I agree with that. I'd offer the asking price, which is $5 above what they've recently approved.

I'd also have the attitude that if they take it, they take it. They have people who have been waiting for a long time for Dec UY, and they might ROFR it no matter how much you pay.

 

[spruce]

Why such a demand for Dec U/Y? That's what we have. I never thought use year was a big deal but I've seen where people recommend one over another.

BCV is worth it. It's like ebay, If I really want to win, I bid high enough to win, I just have to be willing to pay what I bid.

 

[bom_noite]

I'd also have the attitude that if they take it, they take it. They have people who have been waiting for a long time for Dec UY, and they might ROFR it no matter how much you pay.

Jim, Boas, anyone: Help me understand and criticize my math as I may be going through this in the near future:

I think one way to go about this is think like DVC. Their sale price is going to be $92 per point (no matter the use year). This is what they are selling them now for!

Even if DVC decided to help out an existing member they are not in the business to lose money!

Based on that - I see the real value of the contract as: $96.46 per point. The math:


1) The contract without the banked points is worth: $92 a point.
2) The banked points are worth about $4.46 per point (73 points * 10 / 160 Pts Total).


So, if the offer is: $96 or $96.50 per point. Buyer pays closing costs / Seller pays this years dues.

The buyer puts themself in a near win situation. At this point DVC would have to pay the fair market value of the points + closing costs + closing costs when they sell to a DVC member + additional paperwork!

Not to say $95 is not the golden price - but - does not an increased bid seal the deal?

Now, this same math will not work for the other resorts! For them a supply/demand thing is working. As the prices are all below $92 DVC would pick the best contracts that come across to satisfy demand.

For BCV, on the other hand, I have got to think they say: If I can make money or break even - lets do it. If not - lets let it go!

 

[Slakk]

I agree with that. I'd offer the asking price, which is $5 above what they've recently approved.

I'd also have the attitude that if they take it, they take it. They have people who have been waiting for a long time for Dec UY, and they might ROFR it no matter how much you pay.

I resemble that remark! I did see on *another* TimeShare site a BCV sale pending with a loaded Dec UY contract that was listed at $85...

The awful mean part of me did a bit of this and this and a tiny bit of this

Nothing against the people but I REALLY want my points!

 

[Slakk]

Why such a demand for Dec U/Y? That's what we have. I never thought use year was a big deal but I've seen where people recommend one over another.

BCV is worth it. It's like ebay, If I really want to win, I bid high enough to win, I just have to be willing to pay what I bid.

I have a Dec UY because we generally travel in January and my guide suggested that it would be a good fit and then we also would not have to pay dues for almost a year (we did pre-sale SSR)

Now we are trying to add BCV and VWL - I am told VWL anytime but BCV could be a while...

 

[cslittle999]

At this point DVC would have to pay the fair market value of the points + closing costs + closing costs when they sell to a DVC member + additional paperwork!

I would drop the closing costs from your calculation. Disney does its own closing and doesn't have to make a profit at it so their closing costs are much lower than what you are paying.

 

[bom_noite]

I would drop the closing costs from your calculation. Disney does its own closing and doesn't have to make a profit at it so their closing costs are much lower than what you are paying.

I agree on the 2nd sale (to the DVC member), but on the resale if Disney does ROFR they do not step in as the Closing agent do they?

 

[RobDoc]

I agree on the 2nd sale (to the DVC member), but on the resale if Disney does ROFR they do not step in as the Closing agent do they?

Not if the seller is paying for those costs. If the buyer will pay closing cost, they are home free since they can do their own closing.

 

[Scotch]

Isn't the current DVC-direct price for BCV (for non-existing members) $95/pt (and not $92)? I thought the increase was effective 4/1; and it will be effective for existing DVC owners in June or July.

 

[LIFERBABE]

Not if the seller is paying for those costs. If the buyer will pay closing cost, they are home free since they can do their own closing.

Yep, so either way, they win!

That's why it is so difficult to do the math on ROFR's. DVC has fixed operating costs so what may not look like a good candidate for ROFR to us, can easily be attractive to DVC.

Good Luck with your purchase OP, hope to welcome you home soon!

 

[drakethib]

Man.


It seems that there is no rhyme or reason on ROFR.

I am beginning to think ROFR is Disney's real best kept secret.

 

[Slakk]

Isn't the current DVC-direct price for BCV (for non-existing members) $95/pt (and not $92)? I thought the increase was effective 4/1; and it will be effective for existing DVC owners in June or July.

I am locked in at $92 a point which honestly will be CHEAPER than any resale I could find. That is the strange thing about BCV.

 

[byoung]

Hope you get your points. And a big WELCOME TO THE DIS!!!