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

[tjcat]

passed OKW $50/pt April 190 2011, 190 2012 and forward. I pay closing seller pay 2012 maint. fees

One small hiccup... It will take an extra week to close. I will be the third owner and somehow the original deceased owner (RIP) is still on deed and he must be removed! Apparently Disney didn't want to wait extra week so Lucky me!

Wow Mickeyfan that's awesome, I really wanted OKW but after 2 ROFR's we tried for SSR!

 

[icydog]

I just sent faxed the paperwork into my brokers.. I'm trying to buy Old Key West and I know Disney is buying those contracts back.

Here's what I made offers on-- all are for OKW for March use year.

Contracts 1 and 2 are the same seller therefore I'll pay only one closing cost from the Timeshare Store. I am paying an average of $56 a point

1. 130 OKW Points with 130 banked points from 2012 March use year @56
2. 270 OKW Points with 28 banked points from 2012 March use year @56


I am buying contract 3 from a different seller and another broker. It's an extended (to 2057) OKW contract

3. 150 extended OKW Points with 148 banked points from 2012 March use year @$62

I am at the beginning of the process and I'll let you know how they progress through the system

I'm in for another Disney's Old Key West contract

4. 250 extended OKW Points with 250 banked points from 2012 March Use year @63 per point.

 

[Disney st8 of mind]

First time posting on this thread because it's our first DVC purchase! VWL 200 pts. March UY. All 2012 pts banked and all 200 points each year thereafter. Listed on market 10-19. Bid on 10-19. Offer accepted on 10-19! Sent to ROFR 10-23. $55 per point.

 

[MickeyFan612]

Congrats!!! I had my fingers and toes crossed for you

Great deal, lucky you for getting this one!

Wow Mickeyfan that's awesome, I really wanted OKW but after 2 ROFR's we tried for SSR!

Thanks Liz and tjcat...I've asked broker twice now if she is positive that Disney has waived it? LOL I'm finding it rather hard to believe but she assures me she has the waiver in hand. Hopefully I will be closing soon! Thanks for extra luck Liz..Sending it your way now!

 

[DougEMG]

passed OKW $50/pt April 190 2011, 190 2012 and forward. I pay closing seller pay 2012 maint. fees

One small hiccup... It will take an extra week to close. I will be the third owner and somehow the original deceased owner (RIP) is still on deed and he must be removed! Apparently Disney didn't want to wait extra week so Lucky me!

Congratulations with getting an OKW contract through.

 

[zakgrim]

A bit late, but we passed ROFR on September 18th (the official transfer letter with our member ID number came on Monday [10/22]).

200pts AKV. 9pts from '12, all points from '13. March Use year.

$63 per point.

 

[icydog]

passed OKW $50/pt April 190 2011, 190 2012 and forward. I pay closing seller pay 2012 maint. fees

One small hiccup... It will take an extra week to close. I will be the third owner and somehow the original deceased owner (RIP) is still on deed and he must be removed! Apparently Disney didn't want to wait extra week so Lucky me!

That's terrific but it shows I probably paid too much for my pending Disney's Old Key West contracts. Mine were all March UY but none were for $50. I bid higher because I knew Disney was buying a lot of the OKW contracts back. But more power to you and Congratulations!

I offered $56 on the 2 contracts for 2042
And
I offered $62 & $63 for the 2 contracts for 2057

So you see I spent more than necessary.

 

[DannysMom]

passed OKW $50/pt April 190 2011, 190 2012 and forward. I pay closing seller pay 2012 maint. fees

One small hiccup... It will take an extra week to close. I will be the third owner and somehow the original deceased owner (RIP) is still on deed and he must be removed! Apparently Disney didn't want to wait extra week so Lucky me!

That's terrific but it shows I probably paid too much for my pending Disney's Old Key West contracts. Mine were all March UY but none were for $50. I bid higher because I knew Disney was buying a lot of the OKW contracts back. But more power to you and Congratulations!

Actually I think it shows the happenstance nature of ROFR. When icydog was bidding, DVD had buyers for March OKW points, and not enough points to sell, so they snagged your contracts. When MickeyFan612 was bidding, they had plenty of April OKW points for the buyers that were interested. Or they had no desire to get caught in any kind of estate settling nonsense. If they buy back points, they want to be able to turn them around to re sell them ASAP.

Sent from my iPad using DISBoards App, please excuse any typos.

 

[MickeyFan612]

That's terrific but it shows I probably paid too much for my pending Disney's Old Key West contracts. Mine were all March UY but none were for $50. I bid higher because I knew Disney was buying a lot of the OKW contracts back. But more power to you and Congratulations!

I offered $56 on the 2 contracts for 2042
And
I offered $62 & $63 for the 2 contracts for 2057

So you see I spent more than necessary.

I totally agree with DannysMom! I don't see that you have overpaid...if you pass $56/point that is awesome Disney has been taking back contracts at around 60/point this past month! I'm 99.9% sure It would've been ROFR'd if it weren't for deed problem. I just got lucky that the sellers weren't asking much and that it happened to have this deed issue Very Lucky!!

 

[Shazzasmd]

First time posting on this thread because it's our first DVC purchase! VWL 200 pts. March UY. All 2012 pts banked and all 200 points each year thereafter. Listed on market 10-19. Bid on 10-19. Offer accepted on 10-19! Sent to ROFR 10-23. $55 per point.

Very nice! Congrats on your contract.

 

[Discomom703]

Do you guys think that the resale prices are going down then?? It seems that the ones that have passed ROFR are in the $50 pp.. i happened to offer $63 pp for my SSR .. and this is fairly recent..

Congrats on those who passed ROFR and got their contracts!!

 

[MickeyFan612]

Do you guys think that the resale prices are going down then?? It seems that the ones that have passed ROFR are in the $50 pp.. i happened to offer $63 pp for my SSR .. and this is fairly recent..

Congrats on those who passed ROFR and got their contracts!!

I definitely think prices are going up...I closed a SSR for 55/pt but I had to make many offers and get many rejections. For my 55/pp SSR I was told the seller had already refused 5 other offers like mine before he was finally ready to come down for me. It is all about timing! That was a couple of months ago and if that same contract was on the market today I think someone would have already given them their asking (60pp). Also how many days/weeks and even months do you want to put in searching for a 50/point contract? In the long run whether or not you paid a few extra bucks per point really won't matter. Your real savings is buying resale!!

Congrats to everyone who passed ROFR this week

 

[maburke]

Actually I think it shows the happenstance nature of ROFR. When icydog was bidding, DVD had buyers for March OKW points, and not enough points to sell, so they snagged your contracts. When MickeyFan612 was bidding, they had plenty of April OKW points for the buyers that were interested. Or they had no desire to get caught in any kind of estate settling nonsense.

Or the OKW person was late to this week's meeting.

 

[diane648]

Found out on Tuesday that we passed ROFR - 75 BCV, all '11, '12 & '13 points. $78 / pt. Buyer pays closing; seller pays '12 MF's. It's our first DVc contract and we're VERY excited!

 

[icydog]

I totally agree with DannysMom! I don't see that you have overpaid...if you pass $56/point that is awesome Disney has been taking back contracts at around 60/point this past month! I'm 99.9% sure It would've been ROFR'd if it weren't for deed problem. I just got lucky that the sellers weren't asking much and that it happened to have this deed issue Very Lucky!!

I am so happy for you but removing a descendent from a deed is a simple process of providing a death certificate. I know because I had to do just that with all the timeshares I sold after my husband died.

 

[WDWLVR2]

How do I know what day my contract was sent to Disney for ROFR? VWL 100 pts all of 2012 and 100 pts per uy going forward. posted 10/19, accepted 10/19.

 

[Disney st8 of mind]

How do I know what day my contract was sent to Disney for ROFR? VWL 100 pts all of 2012 and 100 pts per uy going forward. posted 10/19, accepted 10/19.

We received an email for the broker. It was the same day I faxed back our signed copy of the contract. Must have been something in the water that day for VWL! It was kind of funny for us because we had been stalking listings and when ours came up on the 19th I told my DH it was meant to be our anniversary gift (16 years that day)!

 

[dvcterry]

How do I know what day my contract was sent to Disney for ROFR? VWL 100 pts all of 2012 and 100 pts per uy going forward. posted 10/19, accepted 10/19.

After our docs were signed our broker let us know everything was all set and on it's way to Disney for ROFR. We received an email notice and phone call throughout the process; just follow-up with your broker to see if it was sent.

 

[t0r0]

After our two OKW's getting snatched by the monkey, I decided to not jinx myself and post our next move. Here is what has happened since:

9-10-12 160 SSR (Sep) contract listed $60pp, 25 '11 pts, 160 '12 pts + all forward
9-10-12 Offer $54 pp, seller countered $58pp, we settle on $56pp, buyer pays closing, seller pays mf
9-12-12 Contract received and sent back to Fidelity (seller same day as well)
9-13-12 Contract sent to Disney for ROFR consideration
10-9-12 Disney waives ROFR and allows sale
10-13-12 Closing documents and payment sent overnight to title company for closing
10-22-12 Sale closed
10-24-12 Warranty deed appears on occompt.com
10-28-12 Letter sent in mail from DVC with Membership #
11-3-12 Letter received, account created on dvcmember.com, all points loaded, process 100% complete.

I am pleased with the broker, & pleased with the price we paid. The seller did not waste any time signing documents and getting things done on their end so I'm sure that helped move the process along.

 

[MickeyFan612]

Congrats!!! I had my fingers and toes crossed for you

Great deal, lucky you for getting this one!

I am so happy for you but removing a descendent from a deed is a simple process of providing a death certificate. I know because I had to do just that with all the timeshares I sold after my husband died.

Sorry to hear about your husband! The deceased man(original owner) on this deed died in 2004 and was never removed for the second owners. I will be the third and apparently the company that did the paperwork is digging in storage for the document they need to remove him! Thanks for sharing your info... I hope it is a simple process! Good luck w/ your OKW contracts