Disney waived ROFR on our add-on

Discussion in 'Purchasing DVC' started by WDWfantasy, Jul 1, 2003.

  1. WDWfantasy

    WDWfantasy WDW Fanatic

    Joined:
    May 1, 2000
    Messages:
    277
    Well, I received the form from the closing company yesterday. The one that wants to assure they have names correct etc. Also mentions the $45 expediting fee. I'm assuming this means that Disney has waived their ROFR as it states that the closing package will arrive in appx. 3 weeks. I haven't talked to Pat at TSS to confirm this though. Anyway, here is the details.

    BWV
    200 pts.
    December Use Year
    All 2002 points banked into 2003
    All 2003 points available Dec. 1
    Total of 400 pts. coming on Dec. 1
    $73 pp
    Buyer pays closing and 1/2 of maintenance fees for 2003

    Offer submitted/accepted on 6/3
    Faxed signed contract to TSS 6/3
    Overnight mailed original contract on 6/3
    Received info. on the closing from Timeshare Closing Services 6/30

    Anyway, hope this info. helps anyone else who is involved in buying through resale. This brings our total points to 500. We have 2 other 150 pt. contracts at BWV/Dec. Use Year. I think that is all we need. We wanted to have enough that we can take people with us occassionally and stay at least 2 weeks in a 1 or 2 bedroom. Planning to cruise next year (7 day) with a week at WDW. :)
     
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  3. TedL

    TedL Earning My Ears

    Joined:
    Jul 6, 2001
    Messages:
    26
    Can I ask you what your approximate closing costs are? We are looking for something with about the same number of points.

    Thanks.
     
  4. Tom and Jen

    Tom and Jen Mouseketeer

    Joined:
    Mar 25, 2001
    Messages:
    179
    Congrats and welcome home, I am glad you were able to add on.......
     
  5. JOC

    JOC <Font color="red"><marquee>DVC @ BWV</marquee><br>

    Joined:
    Jan 25, 2003
    Messages:
    1,262
    Congratulations on your add-on!
     
  6. JimC

    JimC DVC Co-Moderator Moderator

    Joined:
    Dec 12, 2002
    Messages:
    6,032
    Congratulations on your add-on! We used Pat for our OKW resale last year. She was fabulous! Give her our regards.
     
  7. WDWfantasy

    WDWfantasy WDW Fanatic

    Joined:
    May 1, 2000
    Messages:
    277
    Thank you all. Pat is great to work with. This is the second time she has helped us out with a purchase. To TedL, I don't have the closing cost amount to the penny but the estimate is $475. Then of course half of the maintenance fees for 2003, $410. I don't figure in the maintenance cost when coming up with our net cost per point. With closing costs our net per point cost is $75.38. Much better deal for us than buying direct through Disney. As we are paying $1.38 per point for those extra 200 banked points rather than paying $10 per point from Disney.

    :)
     
  8. ArnyVee

    ArnyVee OKW by contract, VWL by spirit!

    Joined:
    Mar 23, 2003
    Messages:
    665
    Congratulations...and a big.....WELCOME HOME!! :bounce:

    I'm still waiting since June 12th (confirmed receipt of paperwork/deposit check) for the letter stating that Disney has not exercised their ROFR.

    The waitin' is killin' me! Sheesh! :confused:
     

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