ROFR Thread April to June 2018 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[MTOB88]

Magic Resales. More communication would have been nice but I don't know what the norm is for this type of transaction. Last time I heard from them was 3/9 but First Reliable has been really good about getting back to me since I started talking to them direct. This is my first time so I'm not sure if the broker is supposed to be involved in the process or not!

There is a thread out here labeled Magic Resales. Sounds like they had some recent turnover. It is my understanding it is the brokers job to be the liaison between the buyer and title company. They are making a commission after all. Very glad the title company is giving you updates.

 

[KAT4DISNEY]

Congratulations!!! Which broker? That is horrible!

Oh, they're not the only ones that it happens with.

 

[nikerbokers]

Magic Resales. More communication would have been nice but I don't know what the norm is for this type of transaction. Last time I heard from them was 3/9 but First Reliable has been really good about getting back to me since I started talking to them direct. This is my first time so I'm not sure if the broker is supposed to be involved in the process or not!

Oh my! That’s who I am using right now as buyer for my Poly contract that I’m waiting on. So far, so good... good to know that at least the title company is good. First American when I was doing my first contact (broker was Resale Market, which was pretty good) was really poor with communication and being on top of the process.

 

[ScubaCat]

I don't trust that "first reliable transfers" simply because they can't even seem to be bothered to set up the most basic web site. Even my one of my step kids, currently in beauty school, has one for her business. It's a 30 minute task with all the templates and stuff that are out there nowadays. If they can't be bothered to do even that much, it says something about their business ethics. (registering a name and putting up "web site coming soon" does not count as having a web site.)

 

[ScubaCat]

I don't think there were any rule-breakers

Nope, just some contract-takers, wide-awakers, dole-whip-tasters, tow-maters, and maybe some candlestick-makers.

 

[MB_01]

I don't trust that "first reliable transfers" simply because they can't even seem to be bothered to set up the most basic web site. Even my one of my step kids, currently in beauty school, has one for her business. It's a 30 minute task with all the templates and stuff that are out there nowadays. If they can't be bothered to do even that much, it says something about their business ethics. (registering a name and putting up "web site coming soon" does not count as having a web site.)

Yeah. Maybe they are a small outfit. Is working on titles something someone could do as a part time thing on the side? I build and administer websites as a side gig. Maybe I should have worked out a trade on the closing costs! Overall it seems like this is going quickly compared to some of the stories I've seen. Put in the offer 3/6ish and the paperwork I just sent back said closing is on 4/13?

 

[ScubaCat]

Overall it seems like this is going quickly compared to some of the stories I've seen. Put in the offer 3/6ish and the paperwork I just sent back said closing is on 4/13?

The delays are usually from DVD dragging their feet on resale processing more than anything. I don't know much about what the brokers and title companies go through in dealing with them but considering there are only a handful of title agencies that handle these closings, it could be an irritating process.

 

[Jerry5788]

Yeah. Maybe they are a small outfit. Is working on titles something someone could do as a part time thing on the side? I build and administer websites as a side gig. Maybe I should have worked out a trade on the closing costs! Overall it seems like this is going quickly compared to some of the stories I've seen. Put in the offer 3/6ish and the paperwork I just sent back said closing is on 4/13?

Sometimes the contract closing is delayed if the seller has an upcoming trip. They can’t close until after the trip is used.

I have a contract entered on 4/3 and won’t close until 6/1 earliest

 

[Nancy]

I thought I posted but maybe I didn't do the formatting right. We passed ROFR! It took 2 weeks and 1 day from when it was sent. We should close around May 1st. This moved super fast compared to my first contract.

Nancy---$143-$9603-60-BWV-Jun-60/17, 60/18, 60/19- sent 3/19 ETA: passed on 04/03/2018

 

[Mercury0777]

Congrats on passing ROFR!

 

[Renee H]

Magic Resales. More communication would have been nice but I don't know what the norm is for this type of transaction. Last time I heard from them was 3/9 but First Reliable has been really good about getting back to me since I started talking to them direct. This is my first time so I'm not sure if the broker is supposed to be involved in the process or not!

I continue to hear less than stellar things about this broker.

 

[BW18]

I thought I posted but maybe I didn't do the formatting right. We passed ROFR! It took 2 weeks and 1 day from when it was sent. We should close around May 1st. This moved super fast compared to my first contract.

Nancy---$143-$9603-60-BWV-Jun-60/17, 60/18, 60/19- sent 3/19

Congrats! Go Bills!

 

[Madame]

Madame---$132-$38204-270-BCV-Aug-0/17, 270/18, 270/19- sent 3/27, passed 4/9

 

[Renee H]

Madame---$132-$38204-270-BCV-Aug-0/17, 270/18, 270/19- sent 3/27, passed 4/9

Congrats!

 

[Renee H]

Congrats! Go Bills!

Go Bills!

 

[evenstephen]

This one surprises me!! $107pp with no points for 2018?!?

Yeah, it surprised me a bit when the news came through. The number of points was perfect for me, and I don't need any until early 2020 at the earliest, so this contract was perfect for me. I can only guess that, with no 2018 points and dues paid, that Disney might have thought I was going to flip the contract in a 9-12 months for a profit. I'm not planning on that, but that might be a reason. Good news is that I've found another for $1 per point more, with a few 2018 points that I can bank, and a September UY. With any luck, this one will drop on the desk of the ROFR department late on a Friday afternoon, and they'll just clear it to get it off their desk for the weekend!

 

[kwelch10377]

I passed ROFR today!

kwelch10377---$95-$16150-170-SSR-Jun-0/17, 174/18, 170/19- sent 3/27, passed 4/9

 

[JV63]

It's been just about 30 days since our latest OKW contract has been at ROFR and I got a call today from our agent saying Disney was looking at it and they found a discrepancy with the # of points available in current UY so I had to sign an addendum that I was ok with that (difference of 1 point) and it would be sent back to Disney for final review. I don't know if that means it's looking good for us or not, but our agent said that didn't mean the clock would start over and they'd have another 30 day so happy about that. Hopefully this week we'll get the verdict.

 

[TexasChick123]

I passed ROFR today!

kwelch10377---$95-$16150-170-SSR-Jun-0/17, 174/18, 170/19- sent 3/27, passed 4/9

Could you please send me the name of the person at DVD that let you know this via your title company so that I can call him/her and see what my holdup is? I’m just kidding obviously, but come on now. Just take mine already. The 2 weeks is more than enough time to figure out if you want it, Disney! I’m just sour because my fridge is broken, and my daughter kept me up with a tummy bug all night. When it rains, it pours!

In all seriousness, CONGRATS and enjoy the new points!!!

 

[MTOB88]

It's been just about 30 days since our latest contract has been at ROFR and I got a call today from our agent saying Disney was looking at it and they found a discrepancy with the # of points available in current UY so I had to sign an addendum that I was ok with that (difference of 1 point) and it would be sent back to Disney for final review. I don't know if that means it's looking good for us or not, but our agent said that didn't mean the clock would start over and they'd have another 30 day so happy about that. Hopefully this week we'll get the verdict.

At least we are getting some movement on the SSR ones.