Discussion in 'Purchasing DVC' started by mac_tlc, Sep 21, 2012.
Very exciting!! Congrats neighbor!!!
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Well, I just got a new contract to sign today to send to ROFR. Apparantly, the original had an incorrect title company on it - so we had to re-sign and resubmit to ROFR. Boooo. The first 24 hours dragged enough! Now I have to start over.
I'm just glad it wasn't a week or something!
I have a question that may be stupid, but I can't find it anywhere. This is our first time putting in an offer on a contract, so bear with me...
I am about to send in my check tomorrow for my deposit. All contracts have been signed (again... ) and they are being sent to Disney for ROFR. I just spoke with the broker and he said that the deposit checks are cashed immediately.... so if Disney excercises ROFR, then what? What happens to the money I put down?
Title company will refund you.
Waiting to hear on my ROFR. Hoping it passes and Disney doesn't call tell me that my direct wait list came through while I'm waiting on this one. Otherwise I will really be back to square one.
BCV 300 PT/ $75ppt OCT UY 72 hold points, 16 Banked points from 2012,all points going forward. Buyer pays closing and dues. Submitted to ROFR 5/7/2013.
I think you can also choose to apply the deposit to another contract.
Thanks so much NoleFan!
What are the details of your BCV contract? I didn't see it on the ROFR "waiting" list.
Thanks! Will post upon completion of ROFR/closing.
On Apr 2, placed an Offer for OKW extended to 2057 and 400 points. $68/pt with 87 banked points from 2012. Buyer pays 2013 Annual Dues and Closing Costs. On Apr 4, was sent to Disney for ROFR. Apr 29, Disney waived on ROFR. Closing documents with final payment today. Big thank you to the TimeShare Store and Magic Vacation Title! Almost there.
We just found out that our contract passed ROFR.
Submitted to ROFR on 4/11
Passed ROFR on 5/7
BLT Feb Use Year 210 points
42 banked 2012 points
All 210 points for 2013 and beyond
$90 pp with seller paying closing costs and buyer paying 2013 dues
Congrats to those who passed ROFR!
page 142 updated.
Yes. After our first attempt at $68 was grabbed by Disney, we decided to go with $70 on this contract.
We were fairly "confident" (as much as ROFR process allows you to be) because of the extended December closing. But knew it could go either way.
Broker seemed to think Disney would not be interested in putting it on their back burner for 7 months. But they still cautioned that BWV are tough to get in the current market.
So yes we offered with everything at full asking. Sure maybe I coulda and the seller woulda etc etc. But we are happy with end result and hope after points come 2/14 everything is place for a 4/14 trip.
Plus our 219 pts are in two linked contracts of 169 and 50 which we liked. In case we find 169 fits our needs we can move the 50 easily.
Best of luck to others in the process.
Congrats, I am a week behind you at BLT also
Congratulations! I'm waiting on ROFR for a 160 pt BWV contract. It has 100 banked points from 2012, Dec UY and the price is $68. I'm very curious to see what happens considering Disney took one from you at the same price per point. Went to ROFR on 4/30. FINGERS CROSSED!
bought a contract
OKW 2042 150 points Oct UY 30 2012 points, all points forward
buyer pays closing and admin fee and MF starting 2014 -Fidelity
submitted for ROFR 05/07/2013
What is the price per point?
sorry $57 pp
Well, I must say, we are a little shocked.
BLT 300 Pts Feb UY - We offered $90 per pt, we paid current MF, and we paid closing. 308 pts in 2013 (8 banked), 300 pts 2014.
On the 29th day of our ROFR process, Disney indicated that are taking the contract.
We are back to ground zero. I am not sure, but I think this broke most of the "rules" people site (i.e. they typically do not take a contract late, paying closing & MF helps, paying a "fair" price helps, etc.). We are just really surprised.
I guess you never know. However, we are back at square one!
Wow...shocked! So sorry. Good luck on your hunt for a new contract.
Updated page 142.
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