Start by selecting official records.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
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.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.
Loaded AND you had them pay all the other costs...impressive!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!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).
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.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.
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.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.
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.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.
Thank you takemetomickey!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.That is an insane deal!
What was your strategy?
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.
Correct. They’ll just owe the recording fee and transfer tax.They do the title work in house so they don’t pay the cost to anyone but themselves.
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 pangyalMine should come thru any day now...
$65 - $13650 - 210 OKW - 315/210/210 - sent 03/20
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.They do the title work in house so they don’t pay the cost to anyone but themselves.