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

[dvc lover 1970]

pbuttadad-sorry to hear about your bwv contract. It seems like a lot of contracts are being taken by the mouse

 

[dmunsil]

300 points BWV, Sept use year, all points from 2011 (banked) 2012 (banked), 2013 and beyond. $72/pt. Submitted 4/22, waived ROFR today, 5/13.

We finally closed today! Now we're in the home stretch. Just need to wait for Disney to load the points.

Almost there....

 

[lovin'fl]

Updated list on page 162.

 

[lovin'fl]

We finally closed today! Now we're in the home stretch. Just need to wait for Disney to load the points.

Almost there....

Congrats!!! We were supposed to close by 5/31 according to closing docs...or today according to original contract...not closed yet, though we passed ROFR 5/14. So tomorrow should be the day

 

[dmunsil]

Congrats!!! We were supposed to close by 5/31 according to closing docs...or today according to original contract...not closed yet, though we passed ROFR 5/14. So tomorrow should be the day

I send positive wishes your way for a speedy closing. It's nerve-wracking. Normally the seller is the one to get their docs done fast since they presumably, y'know, want the money.

But life interferes, I suppose. Sellers have to get their signatures notarized. Buyers can just make an X in crayon...

 

[rv2dvc]

We failed on a 400 point BCV at $70 per point on 5/24/13. Disney bought that back!


400 points VWL @ $65 per point

Went to Disney FROR process on 5/7/13

Notified today 6/4/13

1st time DVC owners finally!

 

[dvc lover 1970]

Sorry to hear about your BCV contract. Just curious, What was the uy of the bcv contract the mouse took back? How were the fees distributed?

Congrats on VWL! Welcome!

 

[Nabas]

We failed on a 400 point BCV at $70 per point on 5/24/13. Disney bought that back!

What UY?

 

[rv2dvc]

Thank you for the welcome.

The UY on the BCV that was snatched up by Disney was a February use year.

I am uncertain on the part of the question "how were the fees distrubuted?"

I assume you mean the closing fees? If so, Buyer was to pay all closing costs, including documentary stamps on the deed and title insurance. Seller was to pay for First Right of Refusal Recording fee and Estoppel fee. Seller was/had paid the 2013 annual dues for the 11 banked Feb points. Buyer was to pay for the 2014 annual dues.

So, I was paying for everyingthing that was an option for me to pay and I still lost it.

We are back in again wating on another BCV..just went to Disney FROR process on 5/30....

Hope that answers your question!

 

[Fratthouse]

Congrats to all of you who passed ROFR! I've been following this thread religiously as we are getting ready to purchase our first DVC through resale, and this has been SO HELPFUL!

I had a question and wondered if some of you experienced resale-buyers could help me out? We're looking to buy at AKL, and I've been following the TSS and fidelity websites for the past week or so, and it seems that the list prices are way higher than what people are paying here on the boards. I know it's a case-by-case basis, but is it normal for people to come down off their prices by $10 - $15 pp? Will the broker laugh at me if I want to submit an offer that much lower?

I also know it's a crazy market, so maybe I should wait a couple of months until things calm down? We're not in any real hurry (except just the excitement of being DVC members).

 

[Countryrunner262]

Congrats to all of you who passed ROFR! I've been following this thread religiously as we are getting ready to purchase our first DVC through resale, and this has been SO HELPFUL!

I had a question and wondered if some of you experienced resale-buyers could help me out? We're looking to buy at AKL, and I've been following the TSS and fidelity websites for the past week or so, and it seems that the list prices are way higher than what people are paying here on the boards. I know it's a case-by-case basis, but is it normal for people to come down off their prices by $10 - $15 pp? Will the broker laugh at me if I want to submit an offer that much lower?

I also know it's a crazy market, so maybe I should wait a couple of months until things calm down? We're not in any real hurry (except just the excitement of being DVC members).

We went through TSS. It has been a quick, and easy process. We have been extremely happy with them! However, I have read that it is easier to negotiate prices through Fidelity, but the process is a lot slower.

 

[JWG]

When you find the contract you want (points, use year, and resort) make the offer you're comfortable with. They can say no and so can you. Maybe they won't. No reason to let it go by because that's an obvious no.

We just offerred $10 less per point on a contract and they countered to $5 less. We accepted. It's still high ($10 less is what the data here would have suggested is the going rate), but it's a 50 point contract in a harder to get use year. We still have ROFR concerns, but we're paying $250 more than we wanted to on something that only comes around once in awhile (this is the first one we've seen since 2011).

Go for it!

We've used to resellers. DVC by Resale and now in progress with The Timeshare Store. So far, no issues.

 

[moreisgood]

We went through TSS. It has been a quick, and easy process. We have been extremely happy with them! However, I have read that it is easier to negotiate prices through Fidelity, but the process is a lot slower.

I'm in process with BOTH Fidelity and TSS, Both the Fidelity contracts have passed ROFR, and I'm waiting on the TSS contract. Nothing has settled yet.

Fidelity has a much larger selection of contracts online (and in general), but lots of them are not available. The contracts I sold stayed on the website long after I signed purchase contacts. And it's a very slow, frustrating process. But, the people are very nice, once you get to talk to them. Which pretty much involves holding for long periods of time, on the phone. They rarely return voice messages.

TSS was zippy fast, and much easier. But, they didn't have the contracts I needed. So, you look everywhere, and buy where the right contract is. There isn't all that much to choose from these days.

I'm starting to think that who pays which fees has no effect on the ROFR process. I think that if Disney needs the points, and they are the right UY, and the right combination of points, they take it.

Any thoughts?

 

[rusafee1183]

WE PASSED!
I am so excited right now I can't even stand it!


rusafee11883---25 VWL (Dec), $79, all '13 points and forward, buyer pays closing and 1/2 mf (sub 5/7)

rusafee11883---100 VWL (Dec), $79, all '13 points and forward, buyer pays closing and 1/2 mf (sub 5/7)

I am not sure the exact closing date, because it was extended into August. They are anticipating us getting the closing documents in about 6 weeks. I am fine with it, we had no immediate plans and gives us a bit more time to save for closing etc, etc.

 

[Countryrunner262]

WE PASSED!
I am so excited right now I can't even stand it!


rusafee11883---25 VWL (Dec), $79, all '13 points and forward, buyer pays closing and 1/2 mf (sub 5/7)

rusafee11883---100 VWL (Dec), $79, all '13 points and forward, buyer pays closing and 1/2 mf (sub 5/7)

I am not sure the exact closing date, because it was extended into August. They are anticipating us getting the closing documents in about 6 weeks. I am fine with it, we had no immediate plans and gives us a bit more time to save for closing etc, etc.

Congratulations!!! Enjoy!

 

[Missyrose]

WE PASSED!
I am so excited right now I can't even stand it!


rusafee11883---25 VWL (Dec), $79, all '13 points and forward, buyer pays closing and 1/2 mf (sub 5/7)

rusafee11883---100 VWL (Dec), $79, all '13 points and forward, buyer pays closing and 1/2 mf (sub 5/7)

I am not sure the exact closing date, because it was extended into August. They are anticipating us getting the closing documents in about 6 weeks. I am fine with it, we had no immediate plans and gives us a bit more time to save for closing etc, etc.

Congrats!

 

[lorie13]

WE PASSED!
I am so excited right now I can't even stand it!


rusafee11883---25 VWL (Dec), $79, all '13 points and forward, buyer pays closing and 1/2 mf (sub 5/7)

rusafee11883---100 VWL (Dec), $79, all '13 points and forward, buyer pays closing and 1/2 mf (sub 5/7)

I am not sure the exact closing date, because it was extended into August. They are anticipating us getting the closing documents in about 6 weeks. I am fine with it, we had no immediate plans and gives us a bit more time to save for closing etc, etc.

Congratulations and Welcome Home.

 

[Timeflys4us]

Found out I passed today! I used TSS! Awesome service! Ironically I'm still on the direct wait list with Disney for BCV points since February. So much for Disney taking less time than a resale. Someone else can have my spot in line.

Congratulations on getting through ROFR. Query: because you were on the waiting list with Disney do you need to tell them you are no longer interested in buying direct and to remove you from their list? Didn't they reserve your space on the waiting list with a credit card so that they would automatically bill your card if the correct points order happens to come through?

Not sure how it works.

 

[Minniesgal]

We waited until we had closed on our sale before removing ourselves from the waitlist. We had asked our guide to inform us before anything was charged to our credit card

 

[lovin'fl]

Updated list on page 162.