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

[HyperspaceMountainPilot]

jkips---$130-$47809-360-PVB-Oct-0/22, 720/23, 360/24, 360/25- sent 10/20, passed 11/3

seller not getting reimbursed for 2023 MFs....just passed today!

$130 and you got 2 years of points without dues?

 

[Galactic Reversal]

jkips---$130-$47809-360-PVB-Oct-0/22, 720/23, 360/24, 360/25- sent 10/20, passed 11/3

seller not getting reimbursed for 2023 MFs....just passed today!

New #1!

 

[Jlo85]

They look correct based on market pricing — but if you would actually use all the points in the current year whether or not you get them (I.e. you’d pay cash rates or rent points) you come out ridiculously far ahead on a loaded contract and far behind on fully stripped.

That depends, I think. Usually current use year points end up being SAPs, which have less value IMO.

Interesting, with the points being the "revenue" cash flows? You must've made an assumption about the value of a point then?

Correct, I personally use project rental rates minus projected dues to estimate cash flows. But that's just my way. $22 seems high though IMO, especially if you are paying ~$8 in dues per point. Just doesn't make logical sense to me, but I could be wrong.

 

[HyperspaceMountainPilot]

That depends, I think. Usually current use year points end up being SAPs, which have less value IMO.


Correct, I personally use project rental rates minus projected dues to estimate cash flows. But that's just my way. $22 seems high though IMO, especially if you are paying ~$8 in dues per point. Just doesn't make logical sense to me, but I could be wrong.

For current year points, it’s really a spectrum. As I see it: anything that is more than 6 months out in my opinion deserves at least $20/pt (minus dues, if you’re paying them) because you can bank. Points that expire in 3-5m probably are worth more like 10-20 (depending on dues, which should be subtracted, and availability at time of year you want to use them), and points less than 3m from expiring are potentially worthless because you need to complete ROFR, close, and then wait for them to load to your account.

 

[jrieder]

kim5726---$85-$15607-160-SSR-Jun-0/22, 160/23, 160/24, 160/25- sent 10/16, passed 11/1

Excited to get some more points soon!

How did u get such a great deal? Did u offer lower?

 

[Galactic Reversal]

That depends, I think. Usually current use year points end up being SAPs, which have less value IMO.


Correct, I personally use project rental rates minus projected dues to estimate cash flows. But that's just my way. $22 seems high though IMO, especially if you are paying ~$8 in dues per point. Just doesn't make logical sense to me, but I could be wrong.

You're right accounting for the seller credit of 2024 dues would reduce it by ~$8/pt to $14/pt.

We're essentially doing the same thing except I'm calculating the implied value of a point rather than making an assumption. I discount all the costs and all the points to time zero to calculate a PV $/pt. That gives the implied value of a point today based on the contract cash flows. Another way to think of it is the value of a point that would make your PV of cash flows equal to zero. You can theoretically calculate this for any contract and then compare the initial prices that equate the $/pt.

 

[DonMacGregor]

I use the "Look, pretty shiny thing! Me want!" method.

 

[ncgator]

ncgator---$135-$14279-100-BLT-Dec-0/22, 200/23, 100/24, 100/25- sent 10/10, passed 10/25

 

[Kim5726]

How did u get such a great deal? Did u offer lower?

Yes, it was listed at $100 and I offered $85 and it was accepted. I feel like I could've started even lower but happy with the price I got.

 

[jrieder]

Yes, it was listed at $100 and I offered $85 and it was accepted. I feel like I could've started even lower but happy with the price I

 

[mvenez]

mvenez---$135-$22140-150-CCV@WL-Aug-0/22, 154/23, 150/24, 150/25- sent 9/28

mvenez---$135-$22140-150-CCV@WL-Aug-0/22, 154/23, 150/24, 150/25- sent 9/28, passed 11/1

Took a little longer than expected but all good!!

 

[PrincessTraveler317]

PrincessTraveler317---$122-$29502-230-BWV-Oct-0/22, 345/23, 230/24, 230/25-seller pays MF 23- sent 10/13, passed 10/30

 

[Chili327]

Yes, it was listed at $100 and I offered $85 and it was accepted. I feel like I could've started even lower but happy with the price I got.

Could end the negotiations if you go too low.

 

[MsChristy12]

jkips---$130-$47809-360-PVB-Oct-0/22, 720/23, 360/24, 360/25- sent 10/20, passed 11/3

seller not getting reimbursed for 2023 MFs....just passed today!

That's a good deal! Congrats!

 

[Kim5726]

Could end the negotiations if you go too low.

Yes, that's what I was worried about lol. It's hard to not feel like I could've gotten a better deal but happy with what I got!

 

[Bearval]

Could be a person is selling to a friend.?
I mean with no ROFR, you could do a friend a favor, or even add cash on the side.. no?

I doubt it. By pricing it low you are taking a huge risk that it could trigger ROFR. If you wanted to sell it to a friend as a favor you would price it higher not lower and give them back cash on the side after the sale has been completed.

 

[Les Poissons]

Les Poissons---$125-$24005-185-BLT-Feb-0/22, 19/23, 370/24, 185/25- sent 11/2

 

[mrg1010]

mrg1010---$133-$21225-150-BCV-Dec-0/22, 300/23, 150/24, 150/25-seller pays closing- sent 10/25

 

[DisneyMom0604]

Is there a way to monitor the deeds filed with the county? I don't live in Florida so searching the records there is something I am not very familiar with.

 

[tom1944]

Is there a way to monitor the deeds filed with the county? I don't live in Florida so searching the records there is something I am not very familiar with.

Yes

Here it is. You would want to search deeds and in remarks put Disney. You will find better ways to limit the search as you play around with it

https://www.occompt.com/services/records-search/