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

[Caren90]

Originally Posted by michelleiada

I'm another step closer. I received my closing documents yesterday via email. Signed them and sent overnight , along with a certified bank check, back to the closing company. I'm 100% done with my end of things. Hopefully the seller is prompt. A few more weeks until its official....YIPEEE!

Congratulations and here is wishing you a speedy closing. It seems like a loooong wait but it will be worth it.
Stephen

[333disneymom]

We just found out that we passed ROFR. Here's our details...

SSR (Aug UY) 150 points
$50 per point
buyer pays closing, and 1/4 MF
150 (2012), 150 (2013) and all points going forward

Can't wait to have our new points in the system (we already own at AKL), even though we won't need to book until January. Thanks so much to all who contribute on this board. Your advice/ experience was very helpful when trying to find the right contract.

[DougEMG]

Originally Posted by 333disneymom

We just found out that we passed ROFR. Here's our details...

SSR (Aug UY) 150 points
$50 per point
buyer pays closing, and 1/4 MF
150 (2012), 150 (2013) and all points going forward

Can't wait to have our new points in the system (we already own at AKL), even though we won't need to book until January. Thanks so much to all who contribute on this board. Your advice/ experience was very helpful when trying to find the right contract.

Congradulations

[uriel12]

Passed ROFR!

Dec UY - 350 pts - $58.64 /PP - (2010) -138pts - (2012) 700 pts. Seller pays closing cost & MF.

Contract signed 8/24/12
Passed ROFR - 9/18/12

Not the best contract, but I was looking for VWL.

[DougEMG]

Originally Posted by uriel12

Passed ROFR!

Dec UY - 350 pts - $58.64 /PP - (2010) -138pts - (2012) 700 pts. Seller pays closing cost & MF.

Contract signed 8/24/12
Passed ROFR - 9/18/12

Not the best contract, but I was looking for VWL.

With all the points that is coming with that's still working out to a nice deal with the seller paying closing and MF.

[uriel12]

Originally Posted by DougEMG

With all the points that is coming with that's still working out to a nice deal with the seller paying closing and MF.

Thanks Doug - I have to think the 138 pts are lost since Oct & Nov is so busy. I will try to have them do a banking exception and see how that goes.

[Joey7295]

Originally Posted by uriel12

Thanks Doug - I have to think the 138 pts are lost since Oct & Nov is so busy. I will try to have them do a banking exception and see how that goes.

I don't think you can bank the 138 points because they were already banked from 2010

[fmer55]

Originally Posted by belias21

First off, WELCOME!

Yeah, the seller procrastination variable is a frustrating one. You'd think they would be eager to get their cash and be done, but that doesn't always seem to be the case.

Often times sellers have loans that they are not completely satisfying so they too, need to come up with cash. A point often overlooked when people wonder why sellers take so long.

[DougEMG]

Originally Posted by uriel12

Thanks Doug - I have to think the 138 pts are lost since Oct & Nov is so busy. I will try to have them do a banking exception and see how that goes.

Those 138 points can't be banked as they are from 2010. But I'd put those points out there to rent as soon as you get the points added to your membership. Rent them out cheap enough and you might get someone to take a night here and there even if the location and room size isn't perfect.

Good luck.

[K9pal]

Originally Posted by K9pal

We are purchasing our first add on, same resort and UY as our original contract so we are very excited!

50 SSR points $65/pt
Feb UY
54 pts coming 2/13
submitted to Disney 8/24 (Timeshare Store)

Just received notice that we passed ROFR!!

[333disneymom]

Originally Posted by DougEMG

Congradulations

Thanks!

Originally Posted by uriel12

Passed ROFR!

Dec UY - 350 pts - $58.64 /PP - (2010) -138pts - (2012) 700 pts. Seller pays closing cost & MF.

Contract signed 8/24/12
Passed ROFR - 9/18/12

Not the best contract, but I was looking for VWL.

Originally Posted by K9pal

Just received notice that we passed ROFR!!

Congrats to both of you.

[ELMC]

Originally Posted by belias21

First off, WELCOME!

Yeah, the seller procrastination variable is a frustrating one. You'd think they would be eager to get their cash and be done, but that doesn't always seem to be the case.

There are many variables that can contribute to a seller's delay in getting paperwork returned. Whether it be a divorce situation, an estate situation, a need to come up with cash to pay off the loan, a situation where the contracts need to be notarized, or a foreign seller, there are often many obstacles on the sell side that do not exist on the buy side.

Add to that the fact that buyers are typically hyper focused on their upcoming purchase and the excitement level is high. I'm guessing that the excitement level to part with one's DVC ownership is much lower and that it falls lower down on the "to do" list.

I think that the important thing to remember is that these things take time. The waiting isn't fun, but it's what we sign on for when we choose to purchase resale. My BLT contract closed at the 10 1/2 month window for my big upcoming two family trip. Not only did I survive, but I was able to book the room I wanted despite missing the 11 month window by a full two weeks.

[princess124]

Now that we've passed ROFR, I feel comfortable sharing our information without feeling like I'm going to jinx it.

We purchased our first DVC contract - a small point - so that we could pay cash and not finance. We just passed ROFR with:

AKV 25 points
Feb UY
25 2012 (which we banked)
25 2013
25 2014

$69/point
Buyer to pay closing and 2012 MF

We passed ROFR in less than 30 days - our 30 mark would have been this coming Sunday, the 23rd.

We are using TSS and MVT - they've been great so far! We're now waiting for our closing documents which should hopefully come in the next few days and we'll be on our way to finally becoming DVC members!

[cz4ever]

Originally Posted by michelleiada

I'm another step closer. I received my closing documents yesterday via email. Signed them and sent overnight , along with a certified bank check, back to the closing company. I'm 100% done with my end of things. Hopefully the seller is prompt. A few more weeks until its official....YIPEEE!

Congratulations! I wish the best of luck, and hope you don't have a procrastinating seller! (I had one of each on two offers that were accepted on the same date -- one contract is already in the system and the points are available to me, while the other is still awaiting seller docs... doh!).

Originally Posted by 333disneymom

We just found out that we passed ROFR. Here's our details...

SSR (Aug UY) 150 points
$50 per point
buyer pays closing, and 1/4 MF
150 (2012), 150 (2013) and all points going forward

Can't wait to have our new points in the system (we already own at AKL), even though we won't need to book until January. Thanks so much to all who contribute on this board. Your advice/ experience was very helpful when trying to find the right contract.

Nice! Congratulations!

Originally Posted by uriel12

Passed ROFR!

Dec UY - 350 pts - $58.64 /PP - (2010) -138pts - (2012) 700 pts. Seller pays closing cost & MF.

Contract signed 8/24/12
Passed ROFR - 9/18/12

Not the best contract, but I was looking for VWL.

What a great feeling, eh? And I'm not sure why you say that's not a great deal. If you get anything out of the 2010 points, it's an extremely good price for an almost totally loaded contract, and you got the seller's to pay both MF and closing cost!

Originally Posted by princess124

Now that we've passed ROFR, I feel comfortable sharing our information without feeling like I'm going to jinx it.

We purchased our first DVC contract - a small point - so that we could pay cash and not finance. We just passed ROFR with:

AKV 25 points
Feb UY
25 2012 (which we banked)
25 2013
25 2014

$69/point
Buyer to pay closing and 2012 MF

We passed ROFR in less than 30 days - our 30 mark would have been this coming Sunday, the 23rd.

We are using TSS and MVT - they've been great so far! We're now waiting our closing documents which should hopefully come tomorrow and we'll be on our way to finally becoming DVC members!

Congratulations! That's a great deal for such a small contract! Woohoo!

[Cottun]

Originally Posted by Cottun

We just submitted our first contract to Disney for ROFR on 8/21/12. We are very excited, yet nervous at the same time. I know there is not really a way to know, but how do our chances look?

BWV 30 points @ $69pp with October UY, 30 pts 2011, 30 pts 2012, and 30 pts 2013. Buyer pays MF and CC.

Thanks for all the help.

We received the email yesterday that we passed ROFR! We are looking foward to many trips to WDW. We wanted a small contract for the DVC AP discount, now with the DVC PAP discount our small contract will pay for itself in less than two years. Again, thanks to everyone for the information on this forum!