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

[NoleFan]

Well the mouse got another one. Disney exercised ROFR on the following contract: BMV Dec UY, 222 pts all 2012 pts and forward. Fully expected the ROTR considering what's been happening lately. Back to the drawing board

when did you get notice?

 

[dbs1228]

Well the mouse got another one. Disney exercised ROFR on the following contract: BMV Dec UY, 222 pts all 2012 pts and forward. Fully expected the ROTR considering what's been happening lately. Back to the drawing board

I maybe with you mine just went to Disney for ROFR BWV 200 pts 2011 and forward with the points 65.00PP I just cannot justify going higher with the price. If they take it I will wait until these WL get filled and try again or just add on BLT points.

 

[ELMC]

I have rationalized a mathematical formula to figure out how much "over" really is over the course of the deed. It's a way to soothe my trepidations.

So for BWV, if they were going for $69, 6 weeks ago, and I bid $77 today, (a difference of $8/point), and I am purchasing 350 points, it works out to an additional $2800 I am paying over last month's going rate. (An amount that got me two ROFR on BWV when I bid $69 on BWV last month.) On a 29 year deed (BWV), $8 more per point works out to $96/year more than you are paying over a person bidding $69, an amount that was not passing last month.

Hope this helps you analyze this.

Sandy

This is a common mistake made by people like yourself trying to make themselves feel better about their purchase. Your logic would apply if you could actually pay that $2,800 over the next 29 years. But since you can't, it's costing you an extra $2,800 TODAY. If you're ok with that then you should just say so. Nobody is going to judge you personally, they just might debate the merits of your decision. But I will say that I find these mathematical distortions troubling.

 

[The Crusher]

that is quick for the contracts, yes? We had the offer accepted a couple days ago... but I don't expect the contract for another week. This really is teaching me some patience... and knowing that we will have at least another month... I really will be when it finally is done.

Hopefully your wait will end soon here! Would you think any day?

I suppose so....this is our 3rd contract . Very quick, good communication. The contract exchange was very prompt, for sure. "A mother and sons team"

 

[nunzia]

A seller just agreed to sell me 160 pts at $88 per point (has all of 2013 and 2014 points) and I offered to pay closing and for the fees this year since the points are there. Here's my (possibly crazy) question - should I offer MORE? I'm looking at list of recent sales (shown below) and not sure it will go through. Let me know what you think and if I should offer more what amount would you offer? Thanks!!


momto3pirates------- 160 VGC (Jun) $92, 4 '11 pts, all '12 pts, buyer pays closing and mf (passed 2/29)
Meriweather------- 130 VGC (???) $89 (sub 1/24, passed 2/22)
defnjeb------ 160 VGC (???) $88, 132 banked '10 pts, 156 '11 pts (sub 2/10, passed 3/7) member
Quilter007------- 220 VGC (Jun) $98, 188 banked pts, buyer pays closing (sub 2/2, passed 2/29)TTS
Homemom--------- 100 VGC (Apr) $90, 81 '11 pts, all '12 & '13 pts (sub 3/7, passed 4/4)
dl crazy----- 100 VGC (Aug) $89, 94 '12 pts, all '13 pts, buyer pays closing and mf (sub 3/30, passed 4/25)
sparkhill----- 107 VGC (Sep) $90, all '11 & '12 pts, buyer pays closing, seller pays mf (sub 4/10, passed 5/8) Fidelity
sparkhill----- 107 VGC (Sep) $90, all '11 & '12 pts, buyer pays closing, seller pays mf (sub 4/10, passed 5/8)Fidelity
sparkhill 250 VGC (Sep), $88, 125 11 pts, all 12 pts, seller pays closing, buyer pays mf (sub ??, passed 7/3)
maburke --- 135 VGC (Mar), $97, 14 banked '11 pts, all 12 & '13 pts, buyer pays closing & mf (sub 8/18, passed 9/11)
disneyfm4 --- 160 VGC (Jun), $89, 144 '12 pts,all '13 pts, seller pays closing, buyer pays mf (sub 11/28, passed 12/18)
cuteinnocent --- 310 VGC (Dec), $85, all '13 & '14 pts, buyer pays closing & mf (sub 12/3, passed 12/27)
Breyean --- 125 VGC (Jun), $90, 79 banked '12 pts, all '13 & '14 pts, buyer pays closing & mf (sub 1/14, passed 2/20)
nunzia --- 125 VGC (Mar), $108, 12 '13 pts, all '14 pts, buyer pays closing (sub 2/14, passed 3/13)

That is low in this market..not low just several months ago..so..good luck! Hope you get it..

 

[Scotch]

2 weeks after my latest offer was accepted contracts were finally signed and sent of to ROFR.

200 BLT Feb UY, 2013-75, 2014-200, 2015-200. $80pp, seller pays MF's, buyer pays closing and admin fee.

That's a great price for BLT -- good luck!

 

[gpts@disney]

when did you get notice?

Went to Disney on 3/25, got notice on 4/19 although I think fidelity got notice on 4/17 or prior. Of course I had to call them. Communication is not their strength.

 

[vgriffith]

What is ROTR?

 

[brhalstea]

What is ROTR?

Right of Third Refusal!

 

[thptrek]

2 weeks after my latest offer was accepted contracts were finally signed and sent of to ROFR.

200 BLT Feb UY, 2013-75, 2014-200, 2015-200. $80pp, seller pays MF's, buyer pays closing and admin fee.

Good luck dude. We should close this week on mine

 

[nicki.momof3]

When disney excercies ROTR what does the buyer pay? Do I lose my deposit? If so how much is that? Do I pay the TTS or Fidelity a fee?

 

[NoleFan]

When disney excercies ROTR what does the buyer pay? Do I lose my deposit? If so how much is that? Do I pay the TTS or Fidelity a fee?

If Disney exercises ROFR, your deposit should be returned to you. It will be stated in your contract.

 

[KAT4DISNEY]

When disney excercies ROTR what does the buyer pay? Do I lose my deposit? If so how much is that? Do I pay the TTS or Fidelity a fee?

The only thing you lose is your time. Disney must take over the contract exactly as you negotiated it and is responsible for all fees. You would have your deposit returned to you and could start again.

 

[gncntry]

When disney excercies ROTR what does the buyer pay? Do I lose my deposit? If so how much is that? Do I pay the TTS or Fidelity a fee?

I was ROFR'd last Monday (4/15) and I still haven't seen my deposit returned to me. I had put it on a CC so it should just be a chargeback. I'm dealing with Fidelity and they are horribly slow about everything although in this case it should be the title company that returns my deposit.

I've emailed them twice and tomorrow I will call them.

 

[Rmgdisney]

I was ROFR'd last Monday (4/15) and I still haven't seen my deposit returned to me. I had put it on a CC so it should just be a chargeback. I'm dealing with Fidelity and they are horribly slow about everything although in this case it should be the title company that returns my deposit.

I've emailed them twice and tomorrow I will call them.

On our 1st try Disney took the contract, I called the title company and had my cc credited w/in a week. I emailed Fidelity but they never responded. The title co name and contact number should be on your contract.

 

[fmer55]

I was ROFR'd last Monday (4/15) and I still haven't seen my deposit returned to me. I had put it on a CC so it should just be a chargeback. I'm dealing with Fidelity and they are horribly slow about everything although in this case it should be the title company that returns my deposit.

I've emailed them twice and tomorrow I will call them.

Bash away if you must, but this is the Title company's fault

 

[dbs1228]

Bash away if you must, but this is the Title company's fault

Funny I was ROFR using Fidelity but then quickly had another contract accepted so I told them to keep the deposit and I was assured they would let title company know. After 2 weeks I figured all was well until the refund showed up on my credit card! Go figure!

 

[nicki.momof3]

I was ROFR'd last Monday (4/15) and I still haven't seen my deposit returned to me. I had put it on a CC so it should just be a chargeback. I'm dealing with Fidelity and they are horribly slow about everything although in this case it should be the title company that returns my deposit.

I've emailed them twice and tomorrow I will call them.

Can you share what resort and price you offered that was ROFR'ed. I am making an offer today so I want to make it through.

 

[bookwormde]

Fidelity still contract to use the title company, so they do not relinquish all responsibility of quality service.

 

[nicki.momof3]

I am thinking about putting in an OKW offer. So woried about ROFR though. Anyone made it through this month?

If so can you share details (points, contract)