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

[wordwitt]

Glad it went through. Congrats!!! Now, I can't wait to book our first trip!!!!

Thanks! You too!

 

[Thumper4me]

Disney waived ROFR today.
Details:

SSR - 200 points
April Use Year
No points until 2014
$60 per point
Buyer pays closing, seller pays 2013 MF
Submitted 3/21 Passed 4/15

This was through The Tiemshare Store. I am still waiting on an Old Key West contract through Fidelity. Hopefully, I will find out about that one by the end of the week.

 

[Minniesgal]

TSS said that they get their news on Tuesdays. Maybe it is different for other companies.

Ours was weird we got notified we passed on Saturday

 

[Silver19]

I was so excited I forgot to post details.
BWV 100 points September UY $70/point
Buyers pays MF and closing costs
100 - 2013 points and all forward
Sent ROFR 3/17
Disney waived 4/15
Now - just waiting on paperwork - so I can sign and pay!

Yay!! Congrats!

 

[Silver19]

I just got one, too, from TSS! But it didn't say on which contract, so I'm not sure. But yay!

Hopefully both! Congrats!

 

[wordwitt]

Hopefully both! Congrats!

It was on my tiny BWV contract, so I guess that means we're going to be "neighbors," Silver!

 

[disfanforlife]

It was on my tiny BWV contract, so I guess that means we're going to be "neighbors," Silver!

All three of us will be neighbors! I am going to try and book at BWV for March - hopefully, there will be availability by the time we get our points loaded....

 

[epcot1985]

Just heard that Disney transferred ownership to our names today of our purchase. The email said to wait 7-10 days for our member number in the mail. I went ahead and called member services.

The first woman was extremely rude and made it clear we had to wait on our packet and she could not give me information because of the "type" of contract we had.

When I hung up I wasn't satisfied so I called again. The guy I got the second time was amazing. Put me on hold, came back, asked for some info, and got me our new member number. Then I made our reservation for September at the resort and dates we wanted! We are so excited! Just wanted to share that persistence pays off.

 

[wordwitt]

And! Just passed ROFR on my Hilton Head contract. 90 points. April use year. 180 available now. 180 coming 04/14. 57/point.

 

[kenly777]

Hopefully both! Congrats!

It was on my tiny BWV contract, so I guess that means we're going to be "neighbors," Silver!

All three of us will be neighbors! I am going to try and book at BWV for March - hopefully, there will be availability by the time we get our points loaded....

WELCOME HOME to all three of you! I bought BWV in February and share your excitement

Here's to more resales making it through!
Good luck to all who are waiting to hear

 

[disfanforlife]

Just heard that Disney transferred ownership to our names today of our purchase. The email said to wait 7-10 days for our member number in the mail. I went ahead and called member services.

The first woman was extremely rude and made it clear we had to wait on our packet and she could not give me information because of the "type" of contract we had.

When I hung up I wasn't satisfied so I called again. The guy I got the second time was amazing. Put me on hold, came back, asked for some info, and got me our new member number. Then I made our reservation for September at the resort and dates we wanted! We are so excited! Just wanted to share that persistence pays off.

How long did that take from when you sent your documents in? Of course, I am anxious for our next step... Congrats on your persistence! That is wonderful that you were able to make your reservation for September!!!

 

[bobbiwoz]

Congratulations to all our new BWV neighbors!

 

[wordwitt]

WELCOME HOME to all three of you! I bought BWV in February and share your excitement

Here's to more resales making it through!
Good luck to all who are waiting to hear

Thank you! So excited!

 

[epcot1985]

How long did that take from when you sent your documents in? Of course, I am anxious for our next step... Congrats on your persistence! That is wonderful that you were able to make your reservation for September!!!

Our file closed and was sent to Disney for transfer on April 4, so 11 totally days for them to put the points in our account and transfer ownership.

 

[quinnc19]

I also found out from TSS that I passed today! My contract is 118 VB (Mar UY) sent to ROFR on March 20th. I paid 45/pp for a loaded contract, which is high but it is just the right amount of points and I was slightly less anxious going through ROFR Congratulations to the others who have heard today!

 

[Rmgdisney]

WELCOME HOME to all three of you! I bought BWV in February and share your excitement

Here's to more resales making it through!
Good luck to all who are waiting to hear

We also just found out that we passed ROFR we are so thrilled we passed this time with SSR! Congrats to all who passed today

 

[Missyrose]

I take back what I just said. Just received an email saying that Disney waved ROFR!!!!!!

I was so excited I forgot to post details.
BWV 100 points September UY $70/point
Buyers pays MF and closing costs
100 - 2013 points and all forward
Sent ROFR 3/17
Disney waived 4/15
Now - just waiting on paperwork - so I can sign and pay!

Yaaaaaaaaaaaaaaay! Welcome home neighbor! Can't wait till you get to take your first trip to Boardwalk!

 

[DisneyDiana]

I just got an email from Shontell, our 75 point VWL passed today!

 

[saintstickets]

Original Post:
I don't know if this is a trend, just my luck or a result of the increased direct-buy prices....I have now had two BCV contracts I inquired about (one about a month ago and one last week at two different resellers) that sold for higher than the listed price. I saw the contract and called immediately and was told that several people expressed interest. I gave the reseller a price and in both cases, over the next few hours, they called/texted back the counter offer from the other potential buyers. In both cases, once the price got above the initial listed price, I backed out. I understand the reseller trying to get the highest price possible for the seller but something just didn't pass the smell test to me. Call me stubborn or stupid or maybe it was the principal of the matter. What do you DVCers think? Should I be suspicious or is it just a sign of the times?

Had that experience with 1 resale company who will not get any business from me. Seems kind of unethical.

It just seemed off to me too.

Hey Bill! U buying AGAIN! Lol.

Sounds a bit smarmy to me. Stand your ground and be patient. Disney's pockets are only so deep. They won't keep buying back forever and u will find another contract that fits like Drew Brees in a Saints uniform. WHO DAT!

I agree Sil. There will always be another one around the corner one day. As for Drew, I'm not worried about him...it's some of those others that I hope fit in this year!

What was the size and ask price on the bcv contracts.

One was 100pt that started out at $79 and ended up selling for $87. The other was a 200pt contract that started at $83 and ended up selling for $89. The 200pt contract was loaded with 2011 & 2012 pts. Both were Aug UY.

A few months ago, I would have said that it was unusual but given the stuff going on with resale, number of people who are on waiting lists for BCV via direct, I can believe that there possible was a bidding war for those contracts.

Just look at the websites--they are getting pretty bare for some of the resorts and in the last 4 years since I have been looking at those sites, I never remember so limited availability.

I agree about the limited availability, especially for BCV. I inquired about buying direct and Disney would not even venture a guess on how long it would take.

I agree with Sandi in so much as I wouldn't be crying foul per se, and I do think it is a sign of the times. But I will also say that it reflects poorly on the listing broker for a few reasons. First off, they should be more aware of the market and should be advising sellers to list for more reasonable prices. The second reason is that it is a bit of a deviation from their typical way of doing business. They are not like real estate agents who are obligated to get the best deal for their clients. They are required by law to present all offers, but they really have no obligation to entertain a bidding war. In the past a full priced offer meant the contract was sold. I'm not sure I'm comfortable with this new way of doing business. I'm definitely not comfortable with a broker provoking a bidding war by openly sharing all the active bids on a contract with the bidders.

That being said, given that I'm not an attorney I can't say that the brokers are in violation of any laws or rules. I'm simply saying that it is a pretty significant change that I'm not very comfortable with.

It has definately started tilting towards a sellers' market.

 

[kkolbusz1]

I just got an email from Shontell, our 75 point VWL passed today!

WHat co did u go thru & what day did day did u g o to rofr?