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

Discussion in 'Purchasing DVC' started by Donald is #1, Feb 20, 2011.

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  1. Caren90

    Caren90 DIS Veteran

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    Congratulations and here is wishing you a speedy closing. It seems like a loooong wait but it will be worth it.
    Stephen
     
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  3. 333disneymom

    333disneymom DIS Veteran

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    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.
     
  4. DougEMG

    DougEMG DIS Veteran

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    Congradulations :thumbsup2
     
  5. uriel12

    uriel12 Earning My Ears

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    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.
     
  6. DougEMG

    DougEMG DIS Veteran

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    With all the points that is coming with that's still working out to a nice deal with the seller paying closing and MF.
     
  7. uriel12

    uriel12 Earning My Ears

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    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.
     
  8. Joey7295

    Joey7295 DIS Veteran

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    I don't think you can bank the 138 points because they were already banked from 2010
     
  9. fmer55

    fmer55 DIS Veteran

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    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.:confused3
     
  10. DougEMG

    DougEMG DIS Veteran

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    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.
     
  11. K9pal

    K9pal <font color=green>Just call me Miss Patient!

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    Just received notice that we passed ROFR!! :banana:
     
  12. 333disneymom

    333disneymom DIS Veteran

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    Thanks!

    Congrats to both of you.
     
  13. ELMC

    ELMC DIS Veteran

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    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. :)
     
  14. princess124

    princess124 Mouseketeer

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    Now that we've passed ROFR, I feel comfortable sharing our information without feeling like I'm going to jinx it. :rotfl2:

    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! :banana:
     
  15. cz4ever

    cz4ever Imagineer-in-training

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    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!).

    Nice! Congratulations! :cool1::cool1::cool1:

    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! :thumbsup2:thumbsup2:thumbsup2

    Congratulations! That's a great deal for such a small contract! Woohoo! :banana::banana::banana::banana:
     
  16. Cottun

    Cottun Earning My Ears

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    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!
     
  17. hfehr1s

    hfehr1s Mouseketeer

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    We just submitted our first contract - anxiously starting the waiting game.

    Details:

    OKW-not extended (March UY) 150 Points
    $55 per point
    buyer pays closing, seller pays '12 MFs
    150 (2012) 150 (2013)

    Nervous - looks like they've been taking OKW contracts....
     
  18. jakers

    jakers Earning My Ears

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    Passed ROFR yesterday on our first contract.

    25 point HH with March use year. No 2012 points, 25 points coming 2013 and beyond. Buyer paid closing, Seller paid MF for 2012 (guess that makes sense since they used all the points for 2012).

    Wanted a small contract to find out what the process was really like and to get the discounts (especially the new discount!) on APs. We will save almost the entire amount of our contract with the discounts.

    Thanks to everyone for sharing their information, it really helped us to be patient during the ROFR process. By the way, it was sent for ROFR on 8/22 in case anyone is tracking that timeline.
     
  19. CarolynMink

    CarolynMink Mouseketeer

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    This has also been my feeling.
    We received an email that we passed ROFR.:beach:

    BCV 100pt Dec UY
    all 2012 & 2013 pts.
    $75/pt buyer pays closing & MF

    Offer made Aug. 17th, sent to Disney Aug. 24th and passed ROFR on Sept. 19th. Just short of four weeks.

    I know I over paid but, I have been bidding on small point BCV contracts for two years now.:crazy2: I have been the second/next person on a contract more times than I can count. I know I still got a better deal then if I bought direct from Disney. All my other contracts are direct Disney purchases.
     
  20. MickeyFan612

    MickeyFan612 Mouseketeer DVC Gold

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    Got the :( news on Monday morning-

    ROFR'd on BCV $67/pt 270 (DEC) 270 '11, 270 '12 buyer pay closing and seller pay '12 maint. fees
     
  21. cz4ever

    cz4ever Imagineer-in-training

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    Congrats! The new mega-discount on PAPs does make those small contracts look particularly appealing! :cool1::cool1::cool1:

    Congrats and good luck! At one point I would've assured you that you would be fine, but given recent choices by the ROFR gorilla, you might be right on the border. Hope it works out! :banana::banana::banana::banana:

    Congrats! There's that big DVC PAP discount at work again. Woot! :cool1::cool1::cool1:

    Congrats. While you might've been able to save a bit more, the next poster's sad news at the BCV contract being ROFR tells you that you couldn't have saved THAT much. And ending two years of frustration must feel great! :cool1::cool1::cool1:

    Wow, so sorry to hear it. :crazy2: That's a good deal, but not so good that I would've thought the gorilla would've snapped it up. Hope the next one works out better!
     
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