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

[eaglesrest]

Get me in there, too! Go team 4/27!

Me five....SSR 4/27!

 

[Whositsgalore]

The 4/27 team is strong!

 

[Beesknees6]

Don’t lose hope. We passed on day 38.

No way!! Someone posted here a few weeks ago that Disney took their contract and then changed their mind a few days later and passed it. Anyone else see that? I asked for some more details but they never responded.

 

[Dan1]

The 4/27 team is strong!

That makes six of us on 4/27!

Do we get t-shirts printed?

If Disney passes on all of our contracts then we will turn the group hugs into jumping for joy

and doing the happy dance together

Good luck to all

 

[Whositsgalore]

No way!! Someone posted here a few weeks ago that Disney took their contract and then changed their mind a few days later and passed it. Anyone else see that? I asked for some more details but they never responded.

Say whaaaaaat? How is that even possible, Wow, what an emotional roller coaster that must have been.

 

[Whositsgalore]

That makes six of us on 4/27!

Do we get t-shirts printed?

If Disney passes on all of our contracts then we will turn the group hugs into jumping for joy

and doing the happy dance together

Good luck to all

Here's to hoping TODAY is the LUCKY day!!!!

 

[Jerry5788]

Say whaaaaaat? How is that even possible, Wow, what an emotional roller coaster that must have been.

No way!! Someone posted here a few weeks ago that Disney took their contract and then changed their mind a few days later and passed it. Anyone else see that? I asked for some more details but they never responded.

They had previously answered this in another post here it was

First American
Sent to ROFR: 3/5
Seller error so sent again: 3/28
ROFR EXERCISED: 4/25
ROFR WAIVED: 4/27
Closing docs received: 4/30
Closing docs returned: 4/30
Closing seller docs returned:
Closing date:
Deed:
Points:

First American eventually showed them that DVC made a mistake.

So DVC didn't change their mistake sounded like an email/user error from DVC notifying the closing company. Could have been Disney commenting on the first ROFR by accident and then realizing oh shoot they resubmitted correctly

 

[Whositsgalore]

Anyone have any sound advice for being in ROFR (first time) on a 120 point contract and really kind of wanting to get out of it so you can buy a 200 contract?

 

[Unicorn Dreams]

Closing documents arrived!!! I want expecting so soon. Hoping I have points by the beginning of June. I have 150 points that I need to use on July or lose.

 

[Jerry5788]

Anyone have any sound advice for being in ROFR (first time) on a 120 point contract and really kind of wanting to get out of it so you can buy a 200 contract?

If you are within 10 days you can walk away free. You could try to resell privately (avoid commissions) if you find something you like better. Or find a 75pt contract to add on

 

[TexasChick123]

Anyone have any sound advice for being in ROFR (first time) on a 120 point contract and really kind of wanting to get out of it so you can buy a 200 contract?

I would recommend buying it and then reselling it. Do the math with commission and closing costs, but at worst you shouldn’t “lose” too much. Otherwise, you’ll lose your deposit which can be substantial. You can also buy this one and then look for another to buy so you have more points and try to negotiate that the seller pays closing costs.

 

[disneyeveryyear]

Anyone have any sound advice for being in ROFR (first time) on a 120 point contract and really kind of wanting to get out of it so you can buy a 200 contract?

There is no backing out now (you are 4/27 submission also, right?). You have signed a legally binding contract.

Your only hope is that DVC takes it back. What were your stats again? (price point, resort, loaded/stripped, etc.)

 

[DizneyLizzy]

I was just reviewing my e-mails from my broker, etc. On 4/30, our offer was accepted, and the contract was sent to Disney that same day. So mentally, I started the 30 day clock that day, which would put me on day 16 today. However on 5/11, we got a message from our broker saying that "they received a message from Disney that Disney had just begun the ROFR process," which would only put me on day 6. UGH!

 

[Whositsgalore]

There is no backing out now (you are 4/27 submission also, right?). You have signed a legally binding contract.

Your only hope is that DVC takes it back. What were your stats again? (price point, resort, loaded/stripped, etc.)

Nope I'm not 4/27, I was just saying how many 4/27's there were. I'm still over 10 days. If it passes I will just add on, no biggie.

Mine is SSR - 120 points - $97 - FEB UY - 120/2018 & 120/2019. Sorta hope it passes, sorta hope it doesn't...could I be any more wishy washy?

 

[Bruin_mouse]

Anyone have any sound advice for being in ROFR (first time) on a 120 point contract and really kind of wanting to get out of it so you can buy a 200 contract?

I'm just doing the really rough numbers in my head. Instead of being stuck paying commission you may want to consider buying a 100-120 point addon if you're outside the 10 days cancel period. Although things have gotten a bit nuts in the past few months, the price/point on that size contract are usually close to the larger contracts. Assuming you get roughly the same price, adding on is much less of a hassle and gives you more flexibility. It shouldn't end up costing you a significant amount more in the long run either. (If I'm thinking about this right paying about $1,000-$1500 commission to sell v.s. $500 or so closing costs to buy. There may be some difference in price/point.) Good luck!

 

[beourguest2009]

I was just reviewing my e-mails from my broker, etc. On 4/30, our offer was accepted, and the contract was sent to Disney that same day. So mentally, I started the 30 day clock that day, which would put me on day 16 today. However on 5/11, we got a message from our broker saying that "they received a message from Disney that Disney had just begun the ROFR process," which would only put me on day 6. UGH!

When we closed last year, while our broker sent the contract to Disney on 4/6 and I reached out to check status on 4/18. I was told that the contract went to ROFR review on 4/18 and was approved 4/20. So I think it is sent and then sits in queue for a while before going to the committee. Meanwhile, we just sit and twiddle our thumbs waiting... Good luck and hope you hear something this week!

 

[Whositsgalore]

I was just reviewing my e-mails from my broker, etc. On 4/30, our offer was accepted, and the contract was sent to Disney that same day. So mentally, I started the 30 day clock that day, which would put me on day 16 today. However on 5/11, we got a message from our broker saying that "they received a message from Disney that Disney had just begun the ROFR process," which would only put me on day 6. UGH!

Fell victim to that myself 14 days ago.

 

[DizneyLizzy]

When we closed last year, while our broker sent the contract to Disney on 4/6 and I reached out to check status on 4/18. I was told that the contract went to ROFR review on 4/18 and was approved 4/20. So I think it is sent and then sits in queue for a while before going to the committee. Meanwhile, we just sit and twiddle our thumbs waiting... Good luck and hope you hear something this week!

Maybe some people don't get the follow up e-mail from the broker and that's why they think they are on day 38 or something like that. Who knows? I just feel like I can stop obsessing over my e-mail since I may not be on day 16 like I thought Thanks for sharing your experience!

 

[ScubaCat]

However on 5/11, we got a message from our broker saying that "they received a message from Disney that Disney had just begun the ROFR process," which would only put me on day 6. UGH!

Let me translate that for you: "We dropped the ball and forgot to send it over due to one of many potential factors, which may include it being lost on my messy desk or yahoo mail inbox, laziness, disorganization, recovering from the after-effects of dinner at Tony's town Square, or just outright incompetence. Having suddenly realized the oversight, I just now sent it over and will invoke my usual process of blaming the ROFR department. Thank you for your patience."

 

[DizneyLizzy]

Let me translate that for you: "We dropped the ball and forgot to send it over due to one of many potential factors, which may include it being lost on my messy desk or yahoo mail inbox, laziness, disorganization, recovering from the after-effects of dinner at Tony's town Square, or just outright incompetence. Having suddenly realized the oversight, I just now sent it over and will invoke my usual process of blaming the ROFR department. Thank you for your patience."

Haha. Good to know. I guess I will know for sure if it really does take close to 30 days from the 11th