ROFR Thread April to June 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[My3kids1989]

I guess I can cross this one off my list as well. Out of curiosity, did you put any bids on the other 175 point June AKV contract on that site?

I did

I tried early last week . I bid $98 and was countered $109( listed $111). I countered $101 and they would not come down. Came back Saturday and bid $106, after 2 days received counter of $107. The $175 or .9% of cost was more important to seller than me, so accepted. This was use year I was looking for as well as perfect amount of points, so don't feel bad not getting lower price. I also plan on renting the banked points which will lower cost of points into $90's

That’s awesome, I just don’t need that many banked points and I have told myself that my other one has to close first. I mean I would use them lol First, it was make it through ROFR, but that happened and I’m gonna wait until closing. So I’m living through the other “deals” right now

 

[njcoach24]

Hi guys, we're purchasing our first contract at the moment and we will be at day 30 on 4th June.

I've been following this page and seen that ROFR has slowed down significantly, and a lot of contracts have gone over the 30 day since sent mark.

I'm confused as to why we still have to wait after that point. Disney has 30 days to respond right so after that point they have lost their ROFR? And the process should then be able to progress?

I believe the language is you need to give them AT LEAST 30 days. Meaning that you can not close earlier than 30 days. If you close on day 31 too bad for them. But they can ROFR the contract up until closing.

You don't have to wait after Disney has had 30 days but I am at 34 days and the broker and title company will not move forward with closing until they hear from Disney. I have asked to move forward and have been refused.

What are your rights as a buyer after 30 days? If they won't move forward and you haven't heard from ROFR are you entitled to cancel?

 

[MagicalAloha]

What are your rights as a buyer after 30 days? If they won't move forward and you haven't heard from ROFR are you entitled to cancel?

Can we cancel and receive a refund of the deposit/down payment? Inquiring minds want to know

 

[Noles235]

Can we cancel and receive a refund of the deposit/down payment? Inquiring minds want to know

30 days is just a guideline, not an official policy. So no you cannot cancel and get a full refund just waiting on ROFR.

 

[RichV03]

Richv03---$140-$18129-120-BLT-Sep-0/18, 94/19, 240/20, 120/21- sent 4/28 passed 6/3

So excited to be DVC owners!!!

 

[badeacon]

Richv03---$140-$18129-120-BLT-Sep-0/18, 94/19, 240/20, 120/21- sent 4/28 passed 6/3

So excited to be DVC owners!!!

Great News and Welcome home ! Hopefully I will hear today as also sent on 4/28.

 

[Matty B13]

Can we cancel and receive a refund of the deposit/down payment? Inquiring minds want to know

Your contract is with the owner of the points, not DVC, so you have to honor the terms of the contract. You usually only have the first 10 days after you sign the contract to get a refund, or the owner has to fail to complete the transaction by a certain date and then you could get a refund.

 

[TTA Rider Matt]

G.C.---$135-$15552-110-PVB-Jun-0/19, 15/20, 110/21- sent 6/2

First contract! Thank you everyone whose information posted here and in the resale price forum helped us get a fair deal.

Welcome to the Poly family! I just bought there myself back in February, can't wait until my first stay there!

 

[MagicalAloha]

Richv03---$140-$18129-120-BLT-Sep-0/18, 94/19, 240/20, 120/21- sent 4/28 passed 6/3

So excited to be DVC owners!!!

Congrats

 

[MagicalAloha]

Welcome to the Poly family! I just bought there myself back in February, can't wait until my first stay there!

love the Poly reminds me a lil bit of living on Hawaii

 

[jotunheim]

jotunheim---$192-$54947-270-VGC-Aug-0/19, 275/20, 270/21- sent 4/27

Passed today - 37 days!

 

[TTA Rider Matt]

love the Poly reminds me a lil bit of living on Hawaii

My wife and I got engaged on Wailea Beach in 2006, so Hawaii will always have a special place in our family. Poly seemed like a good way to commemorate this (in addition to having 2 showers, being the longest contract, and the monorail!). We haven't been back to Maui since, but the Poly will fill in nicely!

 

[Lorana]

My wife and I got engaged on Wailea Beach in 2006, so Hawaii will always have a special place in our family. Poly seemed like a good way to commemorate this (in addition to having 2 showers, being the longest contract, and the monorail!). We haven't been back to Maui since, but the Poly will fill in nicely!

Stop talking me into adding on a Poly contract! ;-)

Congrats, though! While I haven't stayed at the Polynesian in a long time, I do love the resort. It and Aulani are ones my husband and I are considering if we decide to expand beyond BRV/CCV & AKL.

 

[E2ME2]

Has the ROFR data for May been posted yet ??
I just made a crazy lowball offer on a small BWV contract...

 

[becauseimnew]

Has the ROFR data for May been posted yet ??
I just made a crazy lowball offer on a small BWV contract...

Where are you all finding these great deals on small contrasts??

 

[E2ME2]

Where are you all finding these great deals on small contrasts??

a 100 point - June Use -Year-BWV just popped up on https://www.fidelityresales.com/
I entered a ridiculously low offer; I will share the details once I get a response from the broker/seller.

 

[gumbydom]

Gumbydom---$75-$15000-200-AUL-Oct-12/18, 0/19, 400/20, 200/21-Split Closing Costs- sent 4/28

gumbydom---$75-$15450-200-AUL-Oct-12/18, 0/19, 400/20, 200/21-Split Closing Costs- sent 4/28, passed 6/3

$15k + $450 split closing = $15,450
Thanks for taking the ride with me everyone. Excited to own Disney in Hawaii!

 

[TTA Rider Matt]

Stop talking me into adding on a Poly contract! ;-)

Congrats, though! While I haven't stayed at the Polynesian in a long time, I do love the resort. It and Aulani are ones my husband and I are considering if we decide to expand beyond BRV/CCV & AKL.

Poly is my only contract...right now. I want to add on at one of the '42 resorts, and then buy direct at that point with whatever new place they design at BWV or BCV (assuming they offer a new DVC property or ownership there). Unfortunately for me, I am not slated to stay at Poly until 2023, since we are going this summer not staying on my points (staying on my parents points) at BCV and BLT, and next summer I won't be able to borrow the points I would need for a Poly stay given the borrowing restrictions, then 2022 was a year off. I keep saying to my wife though, if this is the biggest problem I have right now with what's going on in this world, I am a lucky man. I hope people are keeping that in mind when they're calling MS.

 

[Lorana]

gumbydom---$75-$15450-200-AUL-Oct-12/18, 0/19, 400/20, 200/21-Split Closing Costs- sent 4/28, passed 6/3

$15k + $450 split closing = $15,450
Thanks for taking the ride with me everyone. Excited to own Disney in Hawaii!

Woohoo! Congrats & Welcome Home! What a great price! I'd be tempted to buy Aulani at that price.

 

[hlhlaw07]

You don't have to wait after Disney has had 30 days but I am at 34 days and the broker and title company will not move forward with closing until they hear from Disney. I have asked to move forward and have been refused.

Just to clarify, you DO have to wait longer than 30 days if you gave them longer than 30 days. You have to wait until at least the date your contract states the contract should be closed no later than. Your contract likely gave Disney 60 days to decide ROFR as most broker’s set closing 60 days out. If your closing date comes and you still haven’t heard from Disney, then you are legally allowed to move forward without their approval. It’s the closing date in your contract that controls, not some made up 30 day deadline that people have derived from the requirement YOU have to give Disney at least 30 days and turned that into a 30 day deadline on Disney. (Now if you’re contract that you submit to Disney schedules closing for 30 days out, then Disney is actually on a 30 day clock.)