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

[tom1944]

Where do you see this information ?

Here

https://www.occompt.com/

 

[Lionezz]

lionezz---$100-$18038-160-AKV-Dec-0/22, 320/23, 160/24, 160/25- sent 3/5, passed 3/23
buyer pays closing cost ($585) and 2024 dues ($1,453).

 

[ChipTheRescueRanger]

Here

https://www.occompt.com/

Thanks will have a play around. What do I need to search

In UK we cant see this level of details of official documents and so on

 

[tom1944]

Thanks will have a play around. What do I need to search

In UK we cant see this level of details of official documents and so on

Start by selecting official records.

Do the advanced search and search deeds and in remarks put DISNEY or the specific resort name.

Just fool around and you will figure out what works for you.


As you have questions just ask and me or others who use it will help.

 

[KAT4DISNEY]

Interesting but I don’t think Disney has any transaction costs that I can think of unless I’m wrong.

They would have in-house team that handles titling for new contracts, they’d likely use that team so closing costs would be minimal.

In my case, I had full 2024 points which means Disney would have to pay 2024 dues for points that aren’t currently being sold so they have to pay those dues and run the risk the clock runs out before they can sell (which is reasonably possible). I’m surprised they took my contract still because of that fact.

ROFR requires DVC to take the points at the existing offer. Whatever the buyer is paying for they must pay for so it all depends on what the structure of the agreement is.

 

[TheDailyMoo]

lionezz---$100-$18038-160-AKV-Dec-0/22, 320/23, 160/24, 160/25- sent 3/5, passed 3/23
buyer pays closing cost ($585) and 2024 dues ($1,453).

Loaded AND you had them pay all the other costs...impressive!

 

[takemetomickey]

lionezz---$100-$18038-160-AKV-Dec-0/22, 320/23, 160/24, 160/25- sent 3/5, passed 3/23
buyer pays closing cost ($585) and 2024 dues ($1,453).

That is an insane deal!
What was your strategy?

 

[DonMacGregor]

ROFR requires DVC to take the points at the existing offer. Whatever the buyer is paying for they must pay for so it all depends on what the structure of the agreement is.

True. What do buyers usually pay for? Dues on points available in the current UY, title fees, and recording costs (recording fees and transfer taxes), right? So, at the very least, Disney would still be on the hook for recording costs and any taxes associated with the transfer. Everything else could (and is) handled in-house, but those county fees would still need to be paid. probably becomes de minimis at some point depending on the size of the contract, but it's still a cost incurred.

 

[KAT4DISNEY]

True. What do buyers usually pay for? Dues on points available in the current UY, title fees, and recording costs (recording fees and transfer taxes), right? So, at the very least, Disney would still be on the hook for recording costs and any taxes associated with the transfer. Everything else could (and is) handled in-house, but those county fees would still need to be paid.

I believe that the title company fee is also part of the agreement and needs to be compensated but I'd imagine Disney could do the actual work if they chose to. Not a definite on that though but their estimated cost is all part of the agreement.

 

[DonMacGregor]

I believe that the title company fee is also part of the agreement and needs to be compensated but I'd imagine Disney could do the actual work if they chose to. Not a definite on that though but their estimated cost is all part of the agreement.

Yeah, I'm pretty sure they have their own in-house title group, and there would be no need to purchase title insurance from any third party, so I left that out and just looked at any costs they couldn't absorb.

 

[scott2hotti]

scott2hotti---$90-$16471-160-AKV-Jun-0/23, 320/24, 160/25, 160/26- sent 04/02

This is our second contract, super pleased with the deal, went in with cheeky offer which was accepted!

 

[Lionezz]

That is an insane deal!
What was your strategy?

Thank you takemetomickey!

I saw several good contracts but I guess I was just lucky to find one with a bit more points 2023 than the rest. I started to see that the AKL contracts with 2023 points were rarer and rarer (going into 2024) so I felt I would only loose (10 dollar a point) by waiting to the summer. So I made an offer for 100 dollar with me paying the dues for 2024 which was accepted immediately. The offer on the AKL contract was 9 dollar below asking and had been on the market for a week I think.

(It's one of the biggest dvc resale sale sites that has a bit lower prices. I have only good things to say about their service. And there is many more 160 and 200 points AKL contracts (160+ contracts are often a bit cheaper) there which to me looks almost the same. For instance 108 ppp 160 points with 211/160/160 (2023/2024/2025). 3 months old.).

 

[Chili327]

That is an insane deal!
What was your strategy?

I think deals can be had much easier on contracts with more than 100 points. There are a lot of them out there (all resorts) & people are trying to get out from under big contracts... plus they probably paid much less a decade or so ago. Nowadays i bet more people buy in smaller increments.

 

[MilwaukeeMom]

MilwaukeeMom---$125-$20514-150-CCV@WL-Aug-109/23, 277/24, 150/25- sent 3/13 PASSED 4/1

 

[Sandisw]

I believe that the title company fee is also part of the agreement and needs to be compensated but I'd imagine Disney could do the actual work if they chose to. Not a definite on that though but their estimated cost is all part of the agreement.

They do the title work in house so they don’t pay the cost to anyone but themselves.

 

[DonMacGregor]

They do the title work in house so they don’t pay the cost to anyone but themselves.

Correct. They’ll just owe the recording fee and transfer tax.

 

[Tx3Mom]

Tx3mom---$122.5-$13851-100-CCV@WL-Sep-0/23, 100/24, 100/25- sent 3/14, passed 4/2

Hooray!!
Our 4th home!

 

[Scar Junior]

Mine should come thru any day now...

$65 - $13650 - 210 OKW - 315/210/210 - sent 03/20

 

[lilsonicfan]

Mine should come thru any day now...

$65 - $13650 - 210 OKW - 315/210/210 - sent 03/20

Nice, don't forget to use the string tool linked on the first page of this thread to post a proper string that can be picked up by pangyal

 

[KAT4DISNEY]

They do the title work in house so they don’t pay the cost to anyone but themselves.

The title company would have already been doing work on the contract. It wouldn't seem possible for them to cut them out when they ROFR.