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

[KAT4DISNEY]

why are there closing cost on a resale? who makes that money?

can't you make a deal with the person and go as there guest and pay them directly ?

am I missing something.

Resale is purchasing the actual DVC real estate interest. Closing costs are for county recording fees and such as well as to Disney for paperwork etc.

Going as a guest is renting a reservation from a current owner. Resale is becoming the owner.

 

[disney11fan]

thanks for taking the time to explain it. i never knew it was so involved. i never knew that there was recording fees with the county.sounds like it's just like purchasing a house.

 

[Buckeye Fan]

Passed
Buckeye Fan (seller)------120 SSR (Aug) $62, all 2011 & '12 pts, buyer pays closing and mf (sub 2/24, passed 3/20)

Waiting
Buckeye Fan (seller)------270 SSR (Aug) $61, all 2011 & '12 pts, buyer pays closing and mf (sub 3/3)
Buckeye Fan--------150 OKW (Dec) $58, all 2010, 2011 and 2012 pts, buyer pays closing and seller pays mf (sub 3/7)
Buckeye Fan--------150 OKW (Dec) $58, all 2010, 2011 and 2012 pts, buyer pays closing and seller pays mf (sub 3/7)
Buckeye Fan--------150 OKW (Dec) $58, all 2010, 2011 and 2012 pts, seller pays closing and mf (sub 3/7)

Wish me luck on my OKW contracts. Little nervous they may not pass. Purchased all 3 from the same seller, and when we made the offer, the seller didn't realize that they had 2010 points. Had to sign an addendum to the contract, which went to Disney last week. Just found out today that the 120 pointer submitted on 2/24 passed, so we must be at the end of Feb on ROFR.

Best of luck to all who are waiting and to my beloved Buckeyes!!!

 

[KY4Disney]

Waiting (submitted 3/20)

VB- $44 UY-April 150 points, all '11 and '12 points. Buyer pays closing costs and mf.

Please wish us luck. This is our first DVC property and I am so excited.

 

[bookwormde]

Buckeye Fan

OKW has been going through in the 40's so unless they get agressive with ROFR all the sudden, you should be OK

bookwormde

 

[s830632]

Good Luck KY4Disney! Like you this is my first time doing this, so I'm going to be on pins and needles until I hear back from Disney.

I'm kind of surprised that I didn't see more people post that they submitted a contract over the weekend, since the deadline before disney changed the rules was yesterday.

 

[lowe@massed.net]

Passed
Buckeye Fan (seller)------120 SSR (Aug) $62, all 2011 & '12 pts, buyer pays closing and mf (sub 2/24, passed 3/20)

Waiting
Buckeye Fan (seller)------270 SSR (Aug) $61, all 2011 & '12 pts, buyer pays closing and mf (sub 3/3)
Buckeye Fan--------150 OKW (Dec) $58, all 2010, 2011 and 2012 pts, buyer pays closing and seller pays mf (sub 3/7)
Buckeye Fan--------150 OKW (Dec) $58, all 2010, 2011 and 2012 pts, buyer pays closing and seller pays mf (sub 3/7)
Buckeye Fan--------150 OKW (Dec) $58, all 2010, 2011 and 2012 pts, seller pays closing and mf (sub 3/7)

Waiting (submitted 3/20) VB- $44 UY-April 150 points, all '11 and '12 points. Buyer pays closing costs and mf.

Please wish us luck. This is our first DVC property and I am so excited.

Congrat's on your sale, Buckeye and good luck to you and KY4 with your new contracts. The ROFR phase is the hardest. Hang in there!

 

[Buckeye Bob]

Just found out yesterday that we passed ROFR!

210 AKV (Mar) $75, 190 2011 points, all 2012 points, buyer pays closing, buyer/seller split MF (sub 2/24), (passed 3/20) member

 

[MsRem]

Just got the email this morning that we passed ROFR! Now waiting on the estoppels and closing ppwk. Another couple of weeks to go!

Pertinent info:

200 OKW (Spt) - 194 for '10, 200 for '11 and forward; $45 pp; Fidelity; Sent to Disney 2/22 and found out we passed 3/21

 

[shaylih]

50 BLT(Feb) $96, 0 2011 points, 0 2012 points

(sub 2/24), (passed 3/20)

Now we have a total of 210 BLT points!

 

[DVCconvert]

Waiting (submitted 3/20)

VB- $44 UY-April 150 points, all '11 and '12 points. Buyer pays closing costs and mf.

Please wish us luck. This is our first DVC property and I am so excited.

Good Luck KY4Disney!
Here's some extra pixie dust....

That's a good price. I assume you've been to DVB before?
If you have any questions, make sure to vist the Misc board and look for the VB adoration thread.

 

[mjc2003]

Just found out we passed as well! Phew!

200 BCV, 200 banked from 2010, April UY, $84 pp. Now we get to wait for closing docs, etc, and get to write a really big check! Now we will keep our fingers crossed that we can still get a room in late Oct or early Nov, but one step at a time!

 

[DVCconvert]

Just found out we passed as well! Phew!

200 BCV, 200 banked from 2010, April UY, $84 pp. Now we get to wait for closing docs, etc, and get to write a really big check! Now we will keep our fingers crossed that we can still get a room in late Oct or early Nov, but one step at a time!

Congratulations mjc2003!!!

I won't say...
we told ya so

BUT, I've very happy for you!

 

[jupers]

OMG!!! We passed!

SSR 142 Points...$48 per point. April use year. All 11 points and going forward. Buyer pays closing..seller pays MF!!!!!

 

[mjc2003]

I won't say...
we told ya so

BUT, I've very happy for you!

You can say it, you told me so! I posted my anxiety-ridden thoughts on these boards for the last 26 days; thank you for putting up with me!

 

[DVCconvert]

You can say it, you told me so! I posted my anxiety-ridden thoughts on these boards for the last 26 days; thank you for putting up with me!

That hasn't required any effort. It's been a pleasure to read your insightful and well reasoned comments.

I'm glad they didn't drag it out any longer for you!

 

[FindingFigment]

OMG!!! We passed!

SSR 142 Points...$48 per point. April use year. All 11 points and going forward. Buyer pays closing..seller pays MF!!!!!

Oh wow! Congratulations Jupers! What a great price!! I guess being a rude, non-serious, bottom-feeder really paid off, huh? I'm soooo happy for you!

 

[soxyes]

Woo Hoo!!! We just passed as well...

160 points SSR, $50, Feb UY, 2 '11, all forward, Fidelity, seller pays MF, buyer pays closing, submitted 2/28, passed 3/21

 

[jupers]

Awesome Soxyes...are you a red sox fan?

 

[lowe@massed.net]

OMG!!! We passed!

SSR 142 Points...$48 per point. April use year. All 11 points and going forward. Buyer pays closing..seller pays MF!!!!!

Finally! Welcome home to the SSR family, jupers! Great contract!