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

[dbs1228]

I am really hoping we pass ROFR because there is no way I would feel comfortable paying more for a stripped contract Anyone else going to give up for a awhile to see what the market does if they don't pass ROFR?

I have a contract for BWV 200 - Oct UY 65.00PP and I am already getting aggravated since it was accepted on Tuesday 4/2 asked sellers to bank 2012 points on Wed morning 4/3 was told it would delay contract - sellers had points banked by Thursday 4/4 still NO contract If this does not pass I am going to give it a few months to see what happens. I am so tempted to sell my other SSR contract now so I can go for more points at BLT and pick up BWV eventually.

 

[DrMomof3]

Have any BCV gotten taken recently?

Our BCV contract was taken maybe 2 weeks ago...

Amanda

 

[bkny]

Our BCV contract was taken maybe 2 weeks ago...

Amanda

I haven't seen many rofr. What were the details?

 

[Rmgdisney]

I got an email update last night from one of the brokers and all of the SSR's were listed in the low 70's! The brokers are definitely positioning buyers to pay in the high 60's or asking price. These are not even loaded contracts.

It's pretty crazy what has occurred in just a few short weeks with the market.

I am really hoping we pass ROFR because there is no way I would feel comfortable paying more for a stripped contract Anyone else going to give up for a awhile to see what the market does if they don't pass ROFR?

I think if we don't pass this time around we might wait until next year to try again. We are planning on going to Disney 1st week of December, and are worried if we would try again and pass that we might not be able to book a studio room under 5-6 months(OKW, SSR or AKV). Currently have a reservation for POFQ, pending we don't pass. My DH Loves Disney and wants to go this year and next. Any chances on booking a studio room for one of these resorts that late for 1st week of Dec?

 

[Bobby Pic]

I think if we don't pass this time around we might wait until next year to try again. We are planning on going to Disney 1st week of December, and are worried if we would try again and pass that we might not be able to book a studio room under 5-6 months(OKW, SSR or AKV). Currently have a reservation for POFQ, pending we don't pass. My DH Loves Disney and wants to go this year and next. Any chances on booking a studio room for one of these resorts that late for 1st week of Dec?

I too am curious about the booking window for a Value Studio at AKV. I made my first offer for AKV a couple of weeks ago and it was accepted. Finally got the contract on Monday of this week and returned promptly Tuesday morning. Still awaiting seller to send in their papers. I am planning a trip for first week of May 2014 and really anxious to get this thing through. BTW, the contract is 175 pt. loaded with all points for 12, 13, & 14 - Dec UY. $67 PP with buyer paying closing and seller paying 2013 MF.

 

[DrMomof3]

I haven't seen many rofr. What were the details?

BCV 160 points August UY $68 per point; buyer pays closing and MF. No 2012 points. All 2013 points.

We submitted on 3/13 and Disney took it on 4/1.

Amanda

 

[Kidanifan08]

I too am curious about the booking window for a Value Studio at AKV. I made my first offer for AKV a couple of weeks ago and it was accepted. Finally got the contract on Monday of this week and returned promptly Tuesday morning. Still awaiting seller to send in their papers. I am planning a trip for first week of May 2014 and really anxious to get this thing through. BTW, the contract is 175 pt. loaded with all points for 12, 13, & 14 - Dec UY. $67 PP with buyer paying closing and seller paying 2013 MF.

May is a pretty low season for DVC, although you never know with F&G. At this point, it everything goes without a hitch, you should be loaded in by early to mid-June. I think you have a pretty good chance at value AKV for that timeframe in May 2014. If not, the standards are not that many more points. Or you could even look at OKW, which is only a few points more for a studio during that time of year. If you don't get it, definitely do a WL, which has a good chance of coming through at the 10-11 month mark. As far as ROFR, I would not worry about it.

DVC has enough AKV points to sell and does not need to re-acquire yours!

 

[NoleFan]

.

 

[Bobby Pic]

Thanks for the feedback and the encouraging message. I am cautiously optimistic about my chances with ROFR. I spent months doing as much research as possible and much of it came from this site. I would like to thank all the contributors on this forum as I feel almost like a seasoned veteran, even though this was my first offer. I will update as I progress thru ROFR and hopefully closing and maybe I can help others as you folks have helped me.

 

[Rmgdisney]

Thanks for the feedback and the encouraging message. I am cautiously optimistic about my chances with ROFR. I spent months doing as much research as possible and much of it came from this site. I would like to thank all the contributors on this forum as I feel almost like a seasoned veteran, even though this was my first offer. I will update as I progress thru ROFR and hopefully closing and maybe I can help others as you folks have helped me.

I also agree with your statement. I was not aware of the resale market until I came across this board. I would also like to thank all the contributors who post their knowledge and experiences for all us newbies best of luck to you with your contract I think you will be ok

 

[dbs1228]

BTW, the contract is 175 pt. loaded with all points for 12, 13, & 14 - Dec UY. $67 PP with buyer paying closing and seller paying 2013 MF.

Nice contract! Good luck to you - AKV is a good property to buy right now since it is still in active sales and as someone else said Disney has points they need to sell without buying more,

 

[thptrek]

Here is an update to my timeline. Just got notice that title company is preparing my documents and I should receive them on tuesday.

BLT - 240 points, March UY
346 current points available, 240 available March 14
$89 per point, Buyer pays MF and closing fees

Sent to Disney on 3/8
Passed Disney on 4/2
Title company forwarding closing documents 4/16

 

[Silver19]

Here's my first timeline update:

Accepted contract March 8
Mailed contract paperwork to broker March 9
Sent to Disney March 14
ROFR Waiver April 9
Closing Documents received April 12
Closing Documents mailed back (with check) April 13

I think my work is done. Anyone have a guess as to when the next steps might occur? I'm a novice.

 

[Sandisw]

Here's my first timeline update:

Accepted contract March 8
Mailed contract paperwork to broker March 9
Sent to Disney March 14
ROFR Waiver April 9
Closing Documents received April 12
Closing Documents mailed back (with check) April 13

I think my work is done. Anyone have a guess as to when the next steps might occur? I'm a novice.

Depends on how fast the seller responds. They have to go to a notary. For us, it took about 10 days to close from the time we got our docs but our sellers returned really fast. It took among her 12 days after that to have the contract and points show up in our Account.

 

[Minniesgal]

We have just received notification that we passes. 115 VGC points $110. Submitted to Disney on 22nd March. I knew we were paying a good price so I wasn't worried about that but I was a bit concerned as we are currently on the waitlist to buy them direct.

 

[Silver19]

We have just received notification that we passes. 115 VGC points $110. Submitted to Disney on 22nd March. I knew we were paying a good price so I wasn't worried about that but I was a bit concerned as we are currently on the waitlist to buy them direct.

Congratulations!

 

[Minniesgal]

Here's my first timeline update:

Accepted contract March 8
Mailed contract paperwork to broker March 9
Sent to Disney March 14
ROFR Waiver April 9
Closing Documents received April 12
Closing Documents mailed back (with check) April 13

I think my work is done. Anyone have a guess as to when the next steps might occur? I'm a novice.

It can depend where your seller is located. We currently live in Paris and have to go to the US embassy to get Notary services for which there can be a 3 week delay. So if your sellers live outside the USA that can bring in a delay.

 

[PCMama]

We have just received notification that we passes. 115 VGC points $110. Submitted to Disney on 22nd March. I knew we were paying a good price so I wasn't worried about that but I was a bit concerned as we are currently on the waitlist to buy them direct.

Congratulations! What use year and was it loaded? After getting my first contract taken by the mouse we submitted another try last week to Disney. But I'm nervous.

 

[Minniesgal]

Congratulations! What use year and was it loaded? After getting my first contract taken by the mouse we submitted another try last week to Disney. But I'm nervous.

August UY. And yes it was loaded. Some 2011 points all 2012 and forwards

 

[PCMama]

August UY. And yes it was loaded. Some 2011 points all 2012 and forwards

Yay!!!