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

[sunshinehighway]

I'll say it again, we are only assuming that price is a motivating factor when Disney decides to buy back a contract. The fact is that nobody that I am aware of has seen a ROFR policy guide from Disney (even if there is one). People have speculated that price is why contracts do or do not make it through ROFR, but really they are just drawing conclusions based on limited and incomplete sets of data. This month alone a $50pp BWV contract closed whereas a $65pp contract got ROFR'd. I would caution people about paying more per point as a form of insurance to pass ROFR. If it makes you feel better, then that's cool, but keep in mind we have no proof that makes any difference whatsoever.

Thanks, I understand. I didn't pay more in the hopes of passing. It was more like I paid a little more because I felt it was the right contract and I wasn't seeing much else out there. If it doesn't pass, I know eventually I'll get one that will.

 

[DougEMG]

Just sent off to ROFR today.

250 SSR DEC, 220 point current, 500 points coming on DEC 2012, all future points.

Paid $60/point + buyer pays closing. Seller paid all MF.

Original asking price was $83.27

 

[ELMC]

Thanks, I understand. I didn't pay more in the hopes of passing. It was more like I paid a little more because I felt it was the right contract and I wasn't seeing much else out there. If it doesn't pass, I know eventually I'll get one that will.

No problem. I'm rereading my post and I'm sorry if it comes across as a bit harsh. It's just that as a buyer right now, I'm sort of looking out for my fellow buyers and what is best for them. Price could very well be a determining factor in what passes and what doesn't...I just wish we had some proof.

That being said, I'm all for paying more for what you want to avoid getting outbid, or rejected, or anything else. So congrats on finding what you want!

 

[ELMC]

Just sent off to ROFR today.

250 SSR DEC, 220 point current, 500 points coming on DEC 2012, all future points.

Paid $60/point + buyer pays closing. Seller paid all MF.

Original asking price was $83.27

Great deal, Doug. Also a nice move distracting Disney by sending them some OKW contracts to occupy them and then trying to slip a SSR by them. Well played!

 

[saintstickets]

I'm hoping the higher price gives me a better shot too. I received so much advice from reading these boards. Honestly, I was originally shooting for a lower price but, I was seeing so few 100 point contracts and they were going so fast. In a way, I'm glad now its a little higher because of what I've been reading.

I'll say it again, we are only assuming that price is a motivating factor when Disney decides to buy back a contract. The fact is that nobody that I am aware of has seen a ROFR policy guide from Disney (even if there is one). People have speculated that price is why contracts do or do not make it through ROFR, but really they are just drawing conclusions based on limited and incomplete sets of data. This month alone a $50pp BWV contract closed whereas a $65pp contract got ROFR'd. I would caution people about paying more per point as a form of insurance to pass ROFR. If it makes you feel better, then that's cool, but keep in mind we have no proof that makes any difference whatsoever.

Another factor that could effect ROFR is someone that has put in a request to buy direct from DVC and they did not have the inventory with the specific UY. We inquired about buying direct from DVC for an Aug UY at OKW when the prices were lower last year. The DVC agent told us they did not have any contracts with our desired UY but they would put us on a list for when something came available. It could be that DVC has a waitlist for these specific resorts with a certain UY and that is why those are ROFR'd at a resort and others are not. Just another factor to consider.

 

[DougEMG]

Great deal, Doug. Also a nice move distracting Disney by sending them some OKW contracts to occupy them and then trying to slip a SSR by them. Well played!

Lets hope i can sneak my BWV contract through

 

[DougEMG]

Another factor that could effect ROFR is someone that has put in a request to buy direct from DVC and they did not have the inventory with the specific UY. We inquired about buying direct from DVC for an Aug UY at OKW when the prices were lower last year. The DVC agent told us they did not have any contracts with our desired UY but they would put us on a list for when something came available. It could be that DVC has a waitlist for these specific resorts with a certain UY and that is why those are ROFR'd at a resort and others are not. Just another factor to consider.

Now i know who to blame for losing my Aug OKW contract

 

[wigdoutdismom]

I guess I forgot to post that we passed ROFR just about 3 weeks after it was sent.

wigdoutdismom------ 200 BCV (Feb) $72, 200 banked '11 pts, all '12 & '13 pts, buyer pays closing, buyer & seller split mf, member, Fidelity

We sent in our funds and documents over two weeks ago and the seller is now doing NOTHING to get this closed.
Anyway, we should have closed a week and a half ago and should have points to use by now.

Very frustrated. This is the first time we have used Fidelity.

Anyone care to comment how their experience with this company has been?
We have had great luck with TSS and DVC by resale.

 

[Tunseeker1]

Sorry to hear about the delay. The seller might be backing out.

 

[Missyrose]

Sorry to hear about the delay. The seller might be backing out.

That's totally not true. Sure there's the small chance they could back out. But most likely is they've just been lazy about getting their stuff notarized and sent back. Or perhaps they've been out of town or something like that. I can never understand when sellers drag their feet... if you've made the choice to sell your contract, don't you want your money?!?!?!

 

[Tunseeker1]

Many fidelity properties are distressed and the sellers may not clear enough from the sale to pay their obligations

 

[ELMC]

Sorry to hear about the delay. The seller might be backing out.

Do you have any insight into this particular contract or are you just speculating with absolutely no specific knowledge?

 

[ELMC]

This is the first time we have used Fidelity.

Anyone care to comment how their experience with this company has been?

To answer your question, I have bought one contract through Fidelity and am currently in the process of closing another with them. I have found their communication to be great. Yes, they may be a few days slower than TTS. But if you call and ask them to follow up with the seller, they will, and they'll let you know what's going on. I would suggest that you try doing this.

Good luck!

 

[a742246]

It's possible that the seller lives out of the country. If that's the case then notarizing isn't as easy as in the states.

 

[Poolrat]

I guess I forgot to post that we passed ROFR just about 3 weeks after it was sent.

wigdoutdismom------ 200 BCV (Feb) $72, 200 banked '11 pts, all '12 & '13 pts, buyer pays closing, buyer & seller split mf, member, Fidelity

We sent in our funds and documents over two weeks ago and the seller is now doing NOTHING to get this closed.
Anyway, we should have closed a week and a half ago and should have points to use by now.

Very frustrated. This is the first time we have used Fidelity.

Anyone care to comment how their experience with this company has been?
We have had great luck with TSS and DVC by resale.

It's possible that the seller lives out of the country. If that's the case then notarizing isn't as easy as in the states.

Anita, I was wondering if you closed on this. I have used Fidelity both times with NO issues. Both my sellers were in the US so the international angle might be slowing things down.

Hope you get to close soon.

 

[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!!

A little behind on posting our timeline but here it is:

Feb 26 - Offer submitted to TSS; seller counter offered and we accepted; Received paperwork via email
Feb 27 - Sent paperwork and deposit
Feb 28 - Paperwork and deposit received by TSS
Feb 29 - Sent to Disney for ROFR
Mar 27 - Received notification that Disney waived ROFR
Apr 6 - Received closing documents; sent documents along with final payment to Magic Vacation Title
Apr 9 - Magic Vacation received documents and final payment
Apr 13 - Received notification from TSS that escrow closed and we were now owners of points. Email states Disney will take 14-28 days to load points
Apr 25 - Points showed up in account (we were already members)
Apr 27 - Received copy of executed paperwork in the mail, along with title insurance paperwork

TSS and Magic Vacation did an excellent job of communicating and making this a flawless experience. The hardest part was waiting for ROFR and waiting for the points to get in to our account.

Hope this helps someone! Here's some pixie dust for everyone waiting for ROFR

 

[gatorgirl02]

Veteran posters:
Excuse my ignorance, but it appears that in each of the months prior to this one, someone has updated the master list of contracts that went to ROFR. Does anyone know if this will happen again, or has that poster moved on from the thread?
Thanks!

 

[DougEMG]

Just sent off to ROFR today.

350 BWV DEC, 700 point currents, all future points.

Paid $56/point + buyer pays closing. Seller paid all MF.

Original asking price was $64.29

 

[princesscinderella]

Just sent off to ROFR today.

350 BWV DEC, 700 point currents, all future points.

Paid $56/point + buyer pays closing. Seller paid all MF.

Original asking price was $64.29

We should hear this week if our BWV contract passed ROFR (submitted 4/3). If it does not pass i think I'm going to let you negotiate my next offer.

 

[goldenears]

Veteran posters:
Excuse my ignorance, but it appears that in each of the months prior to this one, someone has updated the master list of contracts that went to ROFR. Does anyone know if this will happen again, or has that poster moved on from the thread?
Thanks!

Donald is #1 (OP) does update the front page. He may be away at the moment. When he has a chance, I am sure he will update again. Hope this helps a little.