HELP! Or is this question for DVC staff?

[SherylLC]

I got a great deal on 150 points at Beach Club Villas. Almost too good. Passed ROFR and i just received closing docs.

Property description reads: an undivided 0.4398% in Unit 51 Of Disney's Beach Club Villas

Does that sound right? I bought another resale contract at Grand Californian and it listed the physical address.

Thanks in advance for you thoughts!
Sheryl

p.s.
It was also odd that they didn't take a deposit before or after sent to ROFR.

 

[Bbguy5]

i think something to that effect was on mine.

 

[disneynutz]

Yes it is correct. That is the unit and the percentage of ownership that equals the number of points that you purchased.

Bill

 

[miTnosnhoJ]

I got a great deal on 150 points at Beach Club Villas. Almost too good. Passed ROFR and i just received closing docs.

Property description reads: an undivided 0.4398% in Unit 51 Of Disney's Beach Club Villas

Does that sound right? I bought another resale contract at Grand Californian and it listed the physical address.

Thanks in advance for you thoughts!
Sheryl

p.s.
It was also odd that they didn't take a deposit before or after sent to ROFR.

That all seems normal except for the part about no deposit. Is it a reputable broker?

 

[Just Peachy]

That all seems normal except for the part about no deposit. Is it a reputable broker?

I'm with miTnosnhoJ that no deposit is the weird part, not the description on the contract. How long did ROFR take?

 

[SherylLC]

i think something to that effect was on mine.

Thanks for the response! I called Disney and this is the correct designation. But I did appreciate your reply, it eased my mind!

 

[SherylLC]

I'm with miTnosnhoJ that no deposit is the weird part, not the description on the contract. How long did ROFR take?

ROFR took something like 28 days! It just occurred to me that we're just told "it was sent" then "it has passed." I called Disney and they confirmed that the property description was the same as their records and they matched the seller's name. I think I'm just overthinking this all!

Thanks for your response!

 

[miTnosnhoJ]

ROFR took something like 28 days! It just occurred to me that we're just told "it was sent" then "it has passed." I called Disney and they confirmed that the property description was the same as their records and they matched the seller's name. I think I'm just overthinking this all!

Thanks for your response!

Who was the broker? What is the Title Company?

 

[SherylLC]

Vacatia/First Reliable Transfers

 

[Nie0214]

Do you have a contract at least? How mind boggling.

 

[miTnosnhoJ]

Vacatia/First Reliable Transfers

I don't see much activity from them, but it seems that Disney/DVC has given Vacatia a stamp of approval as a preferred reseller.

 

[m8r]

Vacatia/First Reliable Transfers

I have been using these two as well. No deposit asked for before it passed ROFR. I actually inquired about that and Vacatia told me that they wait til after it passes ROFR before a deposit is required. Passed ROFR on 8/8 and within a day or two got an email from my contact at Vacatia to print out a form and send it to First Reliable Tranfers with deposit. Then on 8/14 received an email from First Reliable Transfers with closing paperwork. In closing paperwork it showed my deposit as going towards purchase price and to sign where indicated and send in check. Sent on 8/15.

Also my contract is worded exactly like yours, so no worries there.

 

[SherylLC]

I have been using these two as well. No deposit asked for before it passed ROFR. I actually inquired about that and Vacatia told me that they wait til after it passes ROFR before a deposit is required. Passed ROFR on 8/8 and within a day or two got an email from my contact at Vacatia to print out a form and send it to First Reliable Tranfers with deposit. Then on 8/14 received an email from First Reliable Transfers with closing paperwork. In closing paperwork it showed my deposit as going towards purchase price and to sign where indicated and send in check. Sent on 8/15.

Also my contract is worded exactly like yours, so no worries there.

THANK YOU!

 

[Dean]

Do you have a contract at least? How mind boggling.

I just bought a Marriott off Ebay and they didn't want me to send money until it passed ROFR. Makes sense because escrow has cost to them and it'd aggravating to track and refund if necessary.