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

[DISNEYHAWAII]

Just found out yesterday that we passed ROFR for our first DVC contract

Details: 220 GCV (Sep) $93, 220 Banked '10 Pts, all '11 & '12 Pts, Buyer pays '10 & '11 MF and Closing Costs (Sub 8/10, Passed 8/30)

 

[Homemom]

Just found out yesterday that we passed ROFR for our first DVC contract

Details: 220 GCV (Sep) $93, 220 Banked '10 Pts, all '11 & '12 Pts, Buyer pays '10 & '11 MF and Closing Costs (Sub 8/10, Passed 8/30)

Awesome!!! We tried to buy one there in July and Disney ROFR'd it. Maybe I can try again!

 

[DISNEYHAWAII]

Awesome!!! We tried to buy one there in July and Disney ROFR'd it. Maybe I can try again!

After seeing yours get ROFR'd it made me hesitant to try and negotiate a lower buying cost or more buyer favorable terms. I figured spending a few more dollars to increase the likelihood that it would past was worth the cost. Overall, I still feel like I got a good deal, so I am not complaining.

 

[LBollengier]

Just got this email today! - - -

Congratulations!!!!
*
I just received notification from Disney that they are waiving their right to purchase.* This means that the package is officially yours.* Generally in about 10 days you will receive final documents from the closing company

We bought through TSS at BWV - 150 points at $60/pt w/ no 2011 fees. Sent in forms by email 8/19 and passed ROFR in less than 2 weeks!

 

[DizDays]

Congratulations! Still waiting on mine. 21 days so far.... only 9 (or less) to go. Fingers crossed.

 

[Boardwalkin]

Received notice that we passed ROFR. Submitted to Disney 8/22 and passed today 8/31. Glad it was so fast as I am very impatient.

150 pts at BWV @ $55 per ponit. All 2011 and 2012 points. MF charges transfer at date of closing.

Good luck to all still waiting.

 

[XGrumpy1]

Congrats!

 

[nutc4disney]

Congratulations! Still waiting on mine. 21 days so far.... only 9 (or less) to go. Fingers crossed.

Just wondering the details of your DVC purchase?

 

[DizDays]

Just wondering the details of your DVC purchase?

100 BCV, FEB use year @ $81/pt. Seems pretty straight forward when compared to what's been passing. No idea why it's taking so long. After reading everyone's approvals yesterday, I checked in with TSS and they said it's just still pending. I am not a patient waiter.

 

[G'sMaman]

So happy (relieved is probably the better word) to report that Disney waived ROFR on my GVC contract. Here are the details: 180 pts (Jun) $88, all '11 & '12 pts, buyer pays closing and seller and buyer split '11 mf (sub 8/11, passed 8/30).

 

[Breyean]

So happy (relieved is probably the better word) to report that Disney waived ROFR on my GVC contract. Here are the details: 180 pts (Jun) $88, all '11 & '12 pts, buyer pays closing and seller and buyer split '11 mf (sub 8/11, passed 8/30).

That's GREAT! I guess Homemom and I were the only unlucky ones to get ROFR'd there recently. I can understand mine at $74 but I think hers was around $85. Plus there's still a wait list for VGC - I know because I'm on it - so I'm surprised yours went through.

So, congrats to you. You must be really happy!

 

[G'sMaman]

That's GREAT! I guess Homemom and I were the only unlucky ones to get ROFR'd there recently. I can understand mine at $74 but I think hers was around $85. Plus there's still a wait list for VGC - I know because I'm on it - so I'm surprised yours went through.

So, congrats to you. You must be really happy!

Thanks so much!! We actually made our offer before I saw Homemom’s posting about getting ROFR’d. If I had seen it, I certainly would have made a higher offer so I have been on pins and needles all month! We have been on the list to buy direct from Disney, but after 2 months of waiting our guide called last week and said – I have great news for you, you have now moved from number 11 to 9 for your use year and points. Whaat?!? Not really good news when I know it can take several months even for those at the top of the list to finally get their points. I’m going to stay on the waitlist since I’m sure we’re probably going to need more points by the time our name finally clears. We’d like to buy some points direct from Disney because it would be nice to have points that I can use for DLR if I need them.

I am very new to DVC so one question I have is whether I can buy fewer points than my original request with Disney. Will I have to start all over again on the waitlist if now I only need half the number of points? Can I tell them how many I actually need once I've cleared the waitlist or do I have to stick with the original number? Any insight would be very helpful. Thanks!

 

[Breyean]

Thanks so much!! We actually made our offer before I saw Homemom’s posting about getting ROFR’d. If I had seen it, I certainly would have made a higher offer so I have been on pins and needles all month! We have been on the list to buy direct from Disney, but after 2 months of waiting our guide called last week and said – I have great news for you, you have now moved from number 11 to 9 for your use year and points. Whaat?!? Not really good news when I know it can take several months even for those at the top of the list to finally get their points. I’m going to stay on the waitlist since I’m sure we’re probably going to need more points by the time our name finally clears. We’d like to buy some points direct from Disney because it would be nice to have points that I can use for DLR if I need them.

I am very new to DVC so one question I have is whether I can buy fewer points than my original request with Disney. Will I have to start all over again on the waitlist if now I only need half the number of points? Can I tell them how many I actually need once I've cleared the waitlist or do I have to stick with the original number? Any insight would be very helpful. Thanks!

I was on the Disney wait list for VGC at the same time I was trying to buy resale there. When the resale was ROFR'd after about another month I got points from Disney. More expensive, but I like the ablility to use them at the hotels; in fact we are doing just that for an Oct trip.

I was on the list from May. June UY, like you. In fact, after we got that batch, also like you, we figured we'd need more, so right before they upped the price we added ourselves back onto the list. Now we're in no rush since at least we have SOMETHING at VGC.

OK. To your question. Each time we went on the wait list we gave our guide a range of points we wanted. As was explained to us, sometimes fewer points become available than what someone at the top of the list wants, and they get skipped in favor of someone wanting that lower point amount. So maybe you could call your guide and confirm that, but like I said, we've done that twice now.

Also, we were told if we asked for 200 points, and they became available, but we changed our minds so we only wanted 160, we could move down the number. Moving up at that time the points come available is nearly impossible.

That's why we did the range, and 2 of them. So we did 75-125 the first and second requests. We got 125 the first time so now now, since we're targeting 200, we only would take 75 the second time. If we had gotten only 75 the first time we'd wait for the 125 the second.

When we got the 125, by the time our guide called us about it, they were already in our account. So I'd make sure your guide doesn't do that to you. If you make a higher request but want to have the flexibility to lower it when the points come up, be sure he knows he needs to call you BEFORE they just give you the max on your request.

Hope to see you soon at VGC!!!

 

[G'sMaman]

I was on the Disney wait list for VGC at the same time I was trying to buy resale there. When the resale was ROFR'd after about another month I got points from Disney. More expensive, but I like the ablility to use them at the hotels; in fact we are doing just that for an Oct trip.

Thanks for the very thorough, helpful advice! Much appreciated. Once the deal actually closes, I will give my guide a call to reduce the number of points in case that helps to move me up on the list. BTW - it looks like I have another reason to thank you since you are at least 50% responsible for moving me from number 9 to 11.

 

[DVCconvert]

"Waiting"

36 point Dec, OKW, 70 pts in '11, all points for '12 & '13
40 point Dec, OKW, 60 pts in '11, all points for '12 & '13

$59 per point, buyer/seller split closing costs, buyer pays '11 MF's.

 

[DizDays]

Ho hum. 22 days and still waiting. (Getting close, though!!)

 

[DVCanadian]

Just had a seller accept:

$50 per point for 270 points at SSR.
Buyer to pay closing.
September use year. All points 2011 and 2012.

 

[DizDays]

May I assume they won't do anything over the long holiday weekend? If true, Tuesday is day 27 for me. I can't believe it's taking so long. I hate the wait.

 

[DizDays]

100 BCV, FEB use year @ $81/pt. Seems pretty straight forward when compared to what's been passing. No idea why it's taking so long. After reading everyone's approvals yesterday, I checked in with TSS and they said it's just still pending. I am not a patient waiter.

Finally passed ROFR after 27 days! Hallelujah!

 

[Tollerwalker]

When ROFR passes are we notified by email or phone?

I think I am THE most impatient person in the world...