Anyone made it through (or not made it through) ROFR recently? - Section IV

[GOOFY D]

Nice deal -- loaded up BLT for $80/pt. Congrats! I'm curious -- what was the asking price?

I think it was $90.

 

[MickeyFan612]

Our purchase was approved on 8/28 while we were away on our DCL vacation.

250 AKV (Dec), $65, 70 banked ’11 pts, all ’12 pts, buyer pays closing, (sub 7/30)

Congrats to you Welcome Home!!

 

[heathrow42]

160 BLT (Oct) @ $83/pt. No 2012 pts, 160 2013, 160 2014.

Submitted to Disney on 7/23. Passed ROFR 8/21

This is our, BLT studios are absurdly small, add on.

 

[Missyrose]

160 BLT (Oct) @ $83/pt. No 2012 pts, 160 2013, 160 2014.

Submitted to Disney on 7/23. Passed ROFR 8/21

This is our, BLT studios are absurdly small, add on.

Congrats! Who paid the MF and closing costs?

 

[heathrow42]

Congrats! Who paid the MF and closing costs?

I think there were no MF's? and we (buyer) paid closing costs.

This is something I still really don't understand - MF's run Jan-Dec regardless of UY? So starting in Jan 2013 we will have to pay MF's for points we didn't get in Oct 2012? That didn't seem right to me, but TTS assured me that's how "it's done." I didn't think we should pay MF until Oct 2013. Is this why the price per point is lower on stripped contracts, to help cover the MF's?

 

[dopeyone]

We passed ROFR today! Details: 50 pts. SSR Sept. use year. All 2012 & 2013 pts. available. $60 per pt. I paid closing costs, seller paid MF. Submitted for ROFR 8/7 Passed 9/4. Good Luck to all still in the waiting mode!

 

[PhillyCPA]

We passed ROFR today! Details: 50 pts. SSR Sept. use year. All 2012 & 2013 pts. available. $60 per pt. I paid closing costs, seller paid MF. Submitted for ROFR 8/7 Passed 9/4. Good Luck to all still in the waiting mode!

Congrats, and welcome home! Our ROFR went in on 8/14 so I'm hoping next week is my week

 

[michelleiada]

Sorry to be so late with this....but...WE PASSED ROFR! I was informed this afternoon but had such a busy day. This is my first opportunity to get on the DIS. YIPEEE! The details of my contract again are:

BCV 250 pts, March UY, 81 pts 2011, all 2012 & 2013 points. $68 per point. Seller pays closing and half 2012 Maintenance, offer made and accepted July 26, went to Disney for ROFR on August 7th, passed September 4th. Paying cash so no financing to wait for. Now waiting to get closing info. Yay..yay...the worst part is over!!! I am almost there...can't wait to book my first trip home!

 

[htmlkid]

That's a really good price! Are you waiting for ROFR...if so GL

Yes we are..

 

[dopeyone]

Congrats, and welcome home! Our ROFR went in on 8/14 so I'm hoping next week is my week

Thanks! Good Luck on yours! Next week should be your week!

 

[gaylem]

Thank you to everyone on here who contributes their information and thanks to everyone who compiles those lists. It was SO helpful to us when making an offer. Here's our info so you can add it...

300 points Boardwalk Villas (actually broken into 2 smaller contracts which we didn't know until we contacted Fidelity: 240 and 60)

August UY for both
Price paid for both: $50/point
Listing price for both: $78/point

178 points total on both for 2012 (69 of which are banked from 2011), 300 points for 2013, and 300 points for 2014.

Buyer pays closing costs and MFs on 109 points.
We worked with Rachel at Fidelity because Sharon was on vacation.

Contract went to ROFR on 8/7, and passed ROFR on 9/5.

 

[princessbride6205]

I think there were no MF's? and we (buyer) paid closing costs.

This is something I still really don't understand - MF's run Jan-Dec regardless of UY? So starting in Jan 2013 we will have to pay MF's for points we didn't get in Oct 2012? That didn't seem right to me, but TTS assured me that's how "it's done." I didn't think we should pay MF until Oct 2013. Is this why the price per point is lower on stripped contracts, to help cover the MF's?

MFs are indeed for the calendar year. I know it can be confusing since we all have different months when we actually GET the points!
Any 2012 MFs would cover your Feb 2012 UY, a Dec 2012 UY, and everything in between.
Stripped contracts from they way I have/would negotiate them are lower per point because I am missing out on this year and/or next year's points. The longer I have to wait to actually use the points, the lower I would offer within the usual passing-ROFR range. For a stripped contract many also negotiate MFs. If there are no points for 2012, many buyers will negotiate that the seller will pay all 2012 MFs. Sometimes even if there are points left in the current use year, a buyer will negotiate for the seller to pay MFs. Especially this late in the calendar year, when the majority of a seller's MFs have already been paid to DVC anyway.

 

[MickeyFan612]

Sorry to be so late with this....but...WE PASSED ROFR! I was informed this afternoon but had such a busy day. This is my first opportunity to get on the DIS. YIPEEE! The details of my contract again are:

BCV 250 pts, March UY, 81 pts 2011, all 2012 & 2013 points. $68 per point. Seller pays closing and half 2012 Maintenance, offer made and accepted July 26, went to Disney for ROFR on August 7th, passed September 4th. Paying cash so no financing to wait for. Now waiting to get closing info. Yay..yay...the worst part is over!!! I am almost there...can't wait to book my first trip home!

CONGRATS...Glad to see your wait is over

 

[DougEMG]

Thank you to everyone on here who contributes their information and thanks to everyone who compiles those lists. It was SO helpful to us when making an offer. Here's our info so you can add it...

300 points Boardwalk Villas (actually broken into 2 smaller contracts which we didn't know until we contacted Fidelity: 240 and 60)

August UY for both
Price paid for both: $50/point
Listing price for both: $78/point

178 points total on both for 2012 (69 of which are banked from 2011), 300 points for 2013, and 300 points for 2014.

Buyer pays closing costs and MFs on 109 points.
We worked with Rachel at Fidelity because Sharon was on vacation.

Contract went to ROFR on 8/7, and passed ROFR on 9/5.

Congradulations on your BWV purchase

 

[moobar25]

Update on our timeline for BWV 50 (Mar)

Oh yeah timeline:
Found listing & made offer & accepted 7/26
Signed contract by both (S&B) 7/30
Submitted to Disney for ROFR 7/31
ROFR waived 8/28
Closing documents received & sent back overnight 9/6

for a speedy closing

 

[MickeyFan612]

Sent to ROFR 9/5

270 BCV (Dec) 270-2011, 270-2012
buyer pays closing seller pays 2012 maint.

Really hoping this passes I don't know though, I've seen them take back several BCV contracts on these boards

Congrats to everyone that passed this week!

 

[Buzzandthemermaid]

Our first contract was submitted to ROFR today.
80 Points BLT, Feb. Use Year, no 2012 points, 80 2013 points, buyer pays closing, seller pays 2012 MF, 88$/point.

We cancelled this one within the 10 days due to a better deal that came along. Here is our real first contract, went to ROFR today:

75 Points AKV, Feb. Use Year, All 2011 and 2012 points, both banked. Buyer pays closing, seller pays 2012 MF, 60$/point. 2011 banked points expire 1/31/2013.

 

[michelleiada]

CONGRATS...Glad to see your wait is over

Thank you. Now waiting for my closing documents. So excited!

 

[MickeyFan612]

ROFR 09/07

OKW 300 (DEC) 2011 260, 2012 300, all going forward
I was to pay closing and seller the 2012 maint. $54/pt

It was submitted Aug 1. They had it in a pile of undecided!
When they were contacted and had to make a
decision they decided to keep it!!

 

[jrpeterson5]

We just received word that Disney excercised their ROFR. We thought we were safe due to the price per point being higher than any others that were documented here and taken on ROFR.

OWK, Dec UY, 230 points, 224 banked 2011, 230 2012, all points forward.
Buyer pays closing cost. MF: 10 months seller, 2 months buyer.
$57.39 per point. ($13,200)
Submitted 8/23/12, ROFR (notified) 9/7/12

I know, loaded contract. Still hurts! Guess the quest continues.....

(I will post this in my thread as well)