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

[Countryrunner262]

soory to hear about your contract. Just day 9 for me trying to be patient.

Good luck searching for your next try:

We are on day 10, so right there with you!

 

[theguda]

Well day 30 is tomorrow so I called Fidelity since I heard a similar contract from same sellers was taken a few days ago and at 1st they said they had not heard - then it was "oh yea yours was ROFR'd also" thanks for the call or email! Anyhoo... BWV Oct UY 200 - 2011 points and forward 65.00PP and there was an almost identical contract also taken according to Fidelity the same day.

Waiting until the right contract comes - really want my Aug UY so all is good. We are not going until x-mas 2014 so plenty of time!

Good luck to everyone else.

Sorry to hear that but keep trying. My 150 pt BWV is on day 17. Paid $68 with 100 2012 banked points (no 2011 points like yours). My fingers are crossed!

 

[theguda]

Well day 30 is tomorrow so I called Fidelity since I heard a similar contract from same sellers was taken a few days ago and at 1st they said they had not heard - then it was "oh yea yours was ROFR'd also" thanks for the call or email! Anyhoo... BWV Oct UY 200 - 2011 points and forward 65.00PP and there was an almost identical contract also taken according to Fidelity the same day.

Waiting until the right contract comes - really want my Aug UY so all is good. We are not going until x-mas 2014 so plenty of time!

Good luck to everyone else.

As a point of reference...a BWV contract was approved on 5/13. It was a 300 pt contract, all points for 2011 and forward, $72 per point.

 

[NoleFan]

As a point of reference...a BWV contract was approved on 5/13. It was a 300 pt contract, all points for 2011 and forward, $72 per point.

It is not just price Disney considers- it's also UY, waitlist, & I am sure other stuff that only Disney knows.

 

[dbs1228]

It is not just price Disney considers- it's also UY, waitlist, & I am sure other stuff that only Disney knows.

Although I agree I have not seen any bwv contracts taken in the $70.00 range. The highest so far is 69.00 I believe. I knew I was taking a chance but it was not my uy I really wanted so was not willing to go higher

 

[annmarieda]

Well day 30 is tomorrow so I called Fidelity since I heard a similar contract from same sellers was taken a few days ago and at 1st they said they had not heard - then it was "oh yea yours was ROFR'd also" thanks for the call or email! Anyhoo... BWV Oct UY 200 - 2011 points and forward 65.00PP and there was an almost identical contract also taken according to Fidelity the same day.

Waiting until the right contract comes - really want my Aug UY so all is good. We are not going until x-mas 2014 so plenty of time!

Good luck to everyone else.

That stinks on both it being taken but also in that you never received word! Makes me nervous since we are now at 22 days... still 8 days to go but your experience makes me wonder "what if"

 

[KBrown88]

Closing should be w/in 4-10 days (can be longer) of getting closing papers, depending on how quick the sellers get their documents back to the closing company. If you are a new member, it will take about 14-17 days from closing to get your member # letter in the mail. If you are an existing member, points will show up on your online account on the member website about 7-10 days from closing. Figure about a month from passing ROFR.

Thank you so much! I am a new member and I super excited!

 

[NoleFan]

Although I agree I have not seen any bwv contracts taken in the $70.00 range. The highest so far is 69.00 I believe. I knew I was taking a chance but it was not my uy I really wanted so was not willing to go higher

In this case, I agree that price was a huge factor. Just wanted to point out other possibilities because sometimes people get caught up thinking ROFR is base solely on price. Sorry to hear this got taken.

The prices of Boardwalk resale imo have increased tremendously in the passed few months. I know everything has increased but all this ROFR activity seems to have drained the BW inventory & jumped the prices by more than other home resorts.

 

[lovin'fl]

Well day 30 is tomorrow so I called Fidelity since I heard a similar contract from same sellers was taken a few days ago and at 1st they said they had not heard - then it was "oh yea yours was ROFR'd also" thanks for the call or email! Anyhoo... BWV Oct UY 200 - 2011 points and forward 65.00PP and there was an almost identical contract also taken according to Fidelity the same day.

Waiting until the right contract comes - really want my Aug UY so all is good. We are not going until x-mas 2014 so plenty of time!

Good luck to everyone else.

Oh...so sorry. Good luck in your hunt for that BWV Aug UY contract.

Updated page 162.

 

[Joey7295]

Submitted 4/16/13

OKW 210 points August UY - $60/point. 176 banked 2011 points, 210 banked 2012 points, 210 2013 and all 150 going forward. Buyer pays 2013 MFs, closing and admin fee.

We passed on 5/7 and received closing documents today

 

[ELMC]

In this case, I agree that price was a huge factor. Just wanted to point out other possibilities because sometimes people get caught up thinking ROFR is base solely on price. Sorry to hear this got taken.

The prices of Boardwalk resale imo have increased tremendously in the passed few months. I know everything has increased but all this ROFR activity seems to have drained the BW inventory & jumped the prices by more than other home resorts.

BWV inventory has been depleted for the past year, and there was a slight increase in price during that time. Right now I feel that the increase in BWV prices (up into the 80s) is due to the actions of sellers and not buyers. If buyers chose to pay those prices and continue to do so over time, then the price point will be solidified. But for now I think the price point is temporary. It is the nature of resale buyers to want to test for new lows, I could see that happening again as soon as DVD's ROFR frenzy is over.

 

[NoleFan]

BWV inventory has been depleted for the past year, and there was a slight increase in price during that time. Right now I feel that the increase in BWV prices (up into the 80s) is due to the actions of sellers and not buyers. If buyers chose to pay those prices and continue to do so over time, then the price point will be solidified. But for now I think the price point is temporary. It is the nature of resale buyers to want to test for new lows, I could see that happening again as soon as DVD's ROFR frenzy is over.

Thanks for the helpful insight. I have only been watching the resale market for the last 3 months & was not aware of all this.

 

[Minniesgal]

We passed ROFR and mailed our contracts in with our final payment. Does anyone know how long it takes Disney to finalize transferring the DVC ownership over to me and get my membership number. I would like to book a vacation ASAP. TIA

You have to close first. We passed ROFR on the 18th April and are still waiting to close. Deed recording alone seems to have taken a week. Once close and the info is transferred to Disney it used to take 10 days but from what I have read recently is averaging close to 3 weeks. If you have just mailed paperwork I would count in a month and be happy if it was quicker.

 

[Minniesgal]

That stinks on both it being taken but also in that you never received word! Makes me nervous since we are now at 22 days... still 8 days to go but your experience makes me wonder "what if"

Don't worry about what if, if the worst happens there will always be another contract. We bought our new one the day it came out as I had never seen something close to the right number of points in my UY at the resort I wanted. We as I wait for the points to transfer I just got an email today another contract has just come in my UY and a similar number if points. There will always be another contract.

 

[arachnib]

I just called Fidelity and she realized I was not in the batch of emails she sent out today. WE PASSED!!! We submitted our BWV contract on April 17 and they received the waiver on it yesterday, the 16th. How close can you get? There are 0 points available. Next anniversary, 6/13, will have 654 points, 304 are banked points that will expire 5/31/14. $77/point. June UY. Buyer paying closing and 2013 MF. The twist here was that the sellers had 350 transferred points in RCI, that were good until December '13. We wanted to close sooner than that so went higher on the price. By agreeing to an immediate closing, the seller will lose those points at the day of closing. But we didn't want to be on the hook until December '13. Went to title company today.

 

[arachnib]

Sorry to hear you lost your bid for BWV. Hope another one comes along soon that you are in love with!

Well day 30 is tomorrow so I called Fidelity since I heard a similar contract from same sellers was taken a few days ago and at 1st they said they had not heard - then it was "oh yea yours was ROFR'd also" thanks for the call or email! Anyhoo... BWV Oct UY 200 - 2011 points and forward 65.00PP and there was an almost identical contract also taken according to Fidelity the same day.

Waiting until the right contract comes - really want my Aug UY so all is good. We are not going until x-mas 2014 so plenty of time!

Good luck to everyone else.

 

[annmarieda]

Got an email from Sharon from Fidelity....

I asked if she had heard anything and her response was that the contract will be waived the week of 5/27. I am sure she doesn't mean WILL be... as it is still possible that it could be taken. But... the week of 5/27? That puts it in the 5 week mark. (if it hits 5/29). Is it truly a 30 day? Or am I missing somethig

 

[lovin'fl]

I just called Fidelity and she realized I was not in the batch of emails she sent out today. WE PASSED!!! We submitted our BWV contract on April 17 and they received the waiver on it yesterday, the 16th. How close can you get? There are 0 points available. Next anniversary, 6/13, will have 654 points, 304 are banked points that will expire 5/31/14. $77/point. December UY. Buyer paying closing and 2013 MF. The twist here was that the sellers had 350 transferred points in RCI, that were good until December '13. We wanted to close sooner than that so went higher on the price. By agreeing to an immediate closing, the seller will lose those points at the day of closing. But we didn't want to be on the hook until December '13. Went to title company today.

Your UY is June if you get points on 6/13 and banked points expire on 5/31/14....that means June is your UY, not Dec?

 

[arachnib]

You are correct. June. Don't know why I had December.

Your UY is June if you get points on 6/13 and banked points expire on 5/31/14....that means June is your UY, not Dec?

 

[lovin'fl]

You are correct. June. Don't know why I had December.

He he...well, congrats...great contract!

Updated page 162.