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

[DizBub]

Today I have closed on the contract and now just to wait for my membership to go through with DVC...

Congratulations Bradley!

Please come back and let us know how long it takes for you to get your points!

 

[marsh0013]

i'm getting antsy! for the first time really since my contract was sent to ROFR, the wait is getting to me. maybe because i'm crossing my fingers that it comes back today (went on june 6, so it's day 28 if you count june 6 as day 1). what time do people normally get notified? i'm using the broker whose name gets x'd out if that makes a difference.

 

[sparkhill]

ROFR Tuesday brought some good news: we passed!

VGC - 200 pts, $88/pt, Sept UY, 2011-100 pts (not bankable before closing), 2012-200 pts.
Seller pays MF, buyer pays closing.
Submitted 6/8/12, passed 7/3/12.
Rachael @ Fidelity.

 

[DougEMG]

ROFR Tuesday brought some good news: we passed!

VGC - 200 pts, $88/pt, Sept UY, 2011-100 pts (not bankable before closing), 2012-200 pts.
Seller pays MF, buyer pays closing.
Submitted 6/8/12, passed 7/3/12.
Rachael @ Fidelity.

Congradulations...

 

[sparkhill]

It was submitted on June 1st, so I'm definitely at 30 days. I really did expect to hear last week as I had another contract go in for BWV on June 1st and it passed last week.

The points are good till the end of Nov, so I've got plenty of time to use them. I just like it to pass, would really hate to have a SSR contract ROFR'D.

Thanks for the congratualtions.

I have read reports of Disney exercising ROFR beyond 30 days. The buyers pushed back and Disney let them have the contracts. Good luck on your pending contracts.

 

[katieam1]

ROFR Tuesday brought some good news: we passed!

VGC - 200 pts, $88/pt, Sept UY, 2011-100 pts (not bankable before closing), 2012-200 pts.
Seller pays MF, buyer pays closing.
Submitted 6/8/12, passed 7/3/12.
Rachael @ Fidelity.

Congrats!!

 

[DannysMom]

Thanks for the congratualtions.

I have read reports of Disney exercising ROFR beyond 30 days. The buyers pushed back and Disney let them have the contracts. Good luck on your pending contracts.

Good to know. Thanks for sharing.

Good luck Doug. Hope you get good news today.

 

[ELMC]

ROFR Tuesday brought some good news: we passed!

VGC - 200 pts, $88/pt, Sept UY, 2011-100 pts (not bankable before closing), 2012-200 pts.
Seller pays MF, buyer pays closing.
Submitted 6/8/12, passed 7/3/12.
Rachael @ Fidelity.

First off, congrats! Secondly, I'm wondering how VGC resales are passing ROFR if there is a supposed 3 month wait list for VGC direct purchases. Something doesn't make sense.

 

[DizBub]

Just got the news!!

Passed ROFR on BCV 160 points. $72pp, Feb UY, 160 banked 2011 points, 141 2012 points and all points forward. Buyer pays closing and '12 MFs. Fidelity. Thanks Sharon!!

Submitted 6/5.

 

[sparkhill]

First off, congrats! Secondly, I'm wondering how VGC resales are passing ROFR if there is a supposed 3 month wait list for VGC direct purchases. Something doesn't make sense.

The monkey works in mysterious ways. I have been watching VGC contracts since February and I am not sure what is going on but I have a guess.

The resale companies list about 10 contracts a month but the monthly sales data from DVC News show about 25 sales closing each month. There is no way to reconcile points, but is seems like a lot more contracts are selling than you ever see listed. Finally, I have not seen Disney exercise ROFR on a single VGC contract since February (although only a fraction of buyers post on the forums).

So on to the speculation... I think that Disney is getting a lot of these contracts back from owners who are just walking away. Why exercise ROFR at $90/point when you can just get another contract for "nothing"? I understand it is not exactly that simple and there may be some accounting issues at work too. There is probably a fair bit of cost (commissions, advertising, incentives, etc.) for Disney to resale the contracts.

Whatever is going on, I am pretty sure Disney is making the sound financial decision rather than being nice to those of us buying resale.

 

[Rob S.]

i'm getting antsy! for the first time really since my contract was sent to ROFR, the wait is getting to me. maybe because i'm crossing my fingers that it comes back today (went on june 6, so it's day 28 if you count june 6 as day 1). what time do people normally get notified? i'm using the broker whose name gets x'd out if that makes a difference.

Mine was sent to ROFR on June 8 and I just found out today that it PASSED!
100 pts at VWL (Dec UY) @ $62. All points for 2012.

 

[marsh0013]

Mine was sent to ROFR on June 8 and I just found out today that it PASSED!
100 pts at VWL (Dec UY) @ $62. All points for 2012.

congrats to you! guess i'll have to keep waiting

 

[marsh0013]

congrats to you! guess i'll have to keep waiting

well, i spoke too soon, just got an email that we passed!!!

100 Oct BWV, 100 banked 2011, all 2012 and forward, $73/pt, buyer pays mf and closing

woooooo hoooooo!

 

[DannysMom]

Congrats to all those that passed today.

 

[DoomBuggy0922]

Great news: we passed today too! BCV contract at $73 a point, with the buyer and seller splitting both MF and Closing Costs. August Use Year. 81 2010 points (it looks like those might be lost forever); 178 2011 points; and all points going forward. Woohoo!

 

[Joey7295]

I have two 250 pt BWV contracts sent to ROFR. Each is identical.

Dec 11-250, Dec 12-250 $53/pt Buyer and Seller Split MFs and closing

Sent to ROFR on 6/6

Received word that I passed

 

[ajasmom]

Congrats to all that passed yesterday we are still waiting only been in ROFR for 2 weeks

 

[Missyrose]

Congrats to all that passed yesterday we are still waiting only been in ROFR for 2 weeks

You and me both. But just think, we're halfway there! Good luck with the rest of your wait. This is my second contract and believe me when I say it'll go quicker than you expected.

 

[bdoleary]

Looks like a lot of folks got good news today - Congratulations to Joey7295, DoomBuggy0922, marsh0013, RobS and anyone I missed - great news!

 

[DougEMG]

Congradulations to all those that passed ROFR today and yesterday