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

[bethifoody]

I too would like to know what happens if Disney takes longer than the 30 days they demand for ROFR. Is it then safe to assume that they've forfeited the right (b/c they didn't act in the allotted time/contract violation)? If not, is it an decision that you can appeal if they exercise ROFR after that 30 day mark? Has anyone heard of them exercising ROFR and it taking longer than 30 days? [Just the ponderings of a relatively bored lady...]

 

[DizBub]

Got closing documents today. Already sent them back over-night signed with final payment. One step closer!! Looks like actual closing could take another week or 2. Oh well, I'm used to waiting by now.

Just got word that our seller is out of the country and cannot have closing documents notarized until he returns next week. AARRGGHHHHH!!!!!!

More waiting

 

[gatorgirl02]

We went to ROFR today. SSR 200 pts at $57 ppt, split MF, buyer pays closing. 201 pts available.
Expecting to pass since I saw one at SSR pass at $43 ppt,
Guess we'll know next month

Best of luck to you!

 

[Lucia_27]

WSPrincess - you and I are in similar boats.

OKW - 320 points, all 2011 and 2012 points, but with the dreaded February UY. $54/pt, buyer pays closing and buyer/seller split MF. Submitted for ROFR on 3/2, but since it went late (Friday), I'm using 3/5 as the date to ROFR.

If we have to go back to square one, we'll be pushing it to book our late June trip in time.

Just found out today we passed ROFR!!!

 

[JennG]

Just found out today we passed ROFR!!!

Congrats!!

 

[ELMC]

I too would like to know what happens if Disney takes longer than the 30 days they demand for ROFR. Is it then safe to assume that they've forfeited the right (b/c they didn't act in the allotted time/contract violation)? If not, is it an decision that you can appeal if they exercise ROFR after that 30 day mark? Has anyone heard of them exercising ROFR and it taking longer than 30 days? [Just the ponderings of a relatively bored lady...]

My momma always told me to believe none of what I hear and half of what I read. So with that being said....

I read on another message board site that there was a buyer who had Disney exercise ROFR at the 35 day mark. He challenged it based on the fact that it was later than 30 days and Disney reversed their decision and he was allowed to purchase the contract. I think that the resale agents would know all about how to handle this if it happens.

 

[XGrumpy1]

Wow! Disney has to follow the rules just like us!

 

[WsPrincess]

Just found out today we passed ROFR!!!

I am so happy for you! I am hoping we get good news soon since we were a week behind you! I am keeping my fingers crossed!

 

[gray52]

Just got word that we CLOSED on our BWV contract yesterday! Now just waiting to be loaded into the system.

50-days start to finish.

Our timeline:
Feb 5 - Made offer, owner countered, we accepted the counter
Feb 6 - Sent to ROFR
Feb 29 - Passed ROFR
March 10 - Received closing docs
March 12 - Returned closing docs w/ payment via UPS next day air
March 13 - UPS lost our package en-route
March 20 - Closing docs finally arrive at destination.
March 26 - CLOSED

BWV - 100pts - Oct UY - $60/pt - 0 2011pts, 100 2012pts, 100 2013pts.

Used Garden Views Realty... they were great!

 

[gatorgirl02]

Just found out today we passed ROFR!!!

CONGRATS to you!

 

[JennG]

Just found out we passed ROFR for our add on!

100 BLT Jun UY $95/pt Buyer pays closing, seller pays MF

Once all is done, I'll post our timeline from submission through closing. Whew...now to wait for the rest and get our points in the system!!

 

[bethifoody]

Congrats! Still (not so) patiently waiting to hear on our ROFR, but it's only been 8 days, lol.

 

[wigdoutdismom]

Just found out today that we passed rofr on our 200 Beach Club point add-on. They were submitted the first of the month. We hope everything will be closed in a couple of weeks!

 

[JennG]

Just found out today that we passed rofr on our 200 Beach Club point add-on. They were submitted the first of the month. We hope everything will be closed in a couple of weeks!

Congrats!

 

[JennG]

Congrats! Still (not so) patiently waiting to hear on our ROFR, but it's only been 8 days, lol.

I know your pain. It was 27 days of painful waiting....lol

Sending pixie dust your way for a quick ROFR and closing!

 

[ColonialMouse]

We've had two contracts waiting for ROFR and the first one passed. The second one went in 5 days later, so hopefully next week.

175 SSR (Sep) $53, 59 banked '10 pts, all banked '11pts, & all '12 pts, buyer pays closing and '12 mf (sub 3/1, passed 3/27)

Still waiting on a 160 AKV contract that was submitted on 3/5. Should be next week, I guess.

Bruce

 

[Indians24]

Our contract was submitted to ROFR today. BWV, 100 points, all '12, no '11, we pay closing and mf, $67 ppt. I don't know how 99% of people got such great deals at the BWV. Every offer we made between $60-65 was rejected so when we got $67 we just took it. Got sick of constantly looking for new contracts when each offer consistent with all the recent prices was rejected. Now hopefully Disney doesn't take too long.

 

[fmer55]

Our contract was submitted to ROFR today. BWV, 100 points, all '12, no '11, we pay closing and mf, $67 ppt. I don't know how 99% of people got such great deals at the BWV. Every offer we made between $60-65 was rejected so when we got $67 we just took it. Got sick of constantly looking for new contracts when each offer consistent with all the recent prices was rejected. Now hopefully Disney doesn't take too long.

i must say boardwalk seems to have spiked a tad lately, so many offers pending. Also it seems you have to pay a premium for any contract 100pts and under.

 

[DenLo]

Our contract was submitted to ROFR today. BWV, 100 points, all '12, no '11, we pay closing and mf, $67 ppt. I don't know how 99% of people got such great deals at the BWV. Every offer we made between $60-65 was rejected so when we got $67 we just took it. Got sick of constantly looking for new contracts when each offer consistent with all the recent prices was rejected. Now hopefully Disney doesn't take too long.

Many people like to report the bargain purchases while those that didn't get a great deal don't post. So I expect you are not alone and in fact there are probably more members that are buying BWV in $66 to $68 range. Only a small percentage of all the contracts sold are posted here on the DisBoards.

 

[DougEMG]

Many people like to report the bargain purchases while those that didn't get a great deal don't post. So I expect you are not alone and in fact there are probably more members that are buying BWV in $66 to $68 range. Only a small percentage of all the contracts sold are posted here on the DisBoards.

Totally agree.