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

[Sandisw]

Here is a question, what do you think determines the closing company used? Is it the resort? We had a different closing company before & are buying from same brokerage business.

Brokers typically use certain ones, Some may give you a choice. I believe a buyer can request to use one different than what a broker offers,

 

[Albee]

Excellent!!! And your waiting begins....& Waiting... & You get the drift.. lol

 

[Albee]

So how many different title companies would they use? I used the same company and same broker. We are just curious.

 

[Jaguar Skills]

Excellent!!! And your waiting begins....& Waiting... & You get the drift.. lol

was this aimed at me?

 

[Albee]

Nope it was for whoever just got Saratoga for 87$ today, sorry!it was a great deal!

 

[Jaguar Skills]

Nope it was for whoever just got Saratoga for 87$ today, sorry!it was a great deal!

That was us!

 

[Albee]

Nope it was for whoever just got Saratoga for 87$ today, sorry!it was a great deal!

 

[Albee]

Then yes, now you have to wait for ROFR... It has been taking a longer than usual to get through. They all seem to be passing though.

 

[Madmavis]

Madmavis49 - $107-$10,700-100 SSR- Oct 0/19 6/20 100/21 Sent 5/15

 

[MinnieSueB]

Let the waiting begin.
FinallyFl---$97-$32141-300-BWV-Jun-0/19, 300/20, 300/21, 300/22- sent 6/9

Nice! Good luck!

 

[MinnieSueB]

Our first ever contract, having done the DVC tour last November. To say we are excited is an understatement. We are hoping this is a good price!

JaguarSkills---$87-$17141-180-SSR-Feb-41/19, 122/20, 180/21- sent 6/8

Nice contract! We just bought our 1st at SSR too! Hopefully you will not have to wait 35 days like us!

 

[kevtlas]

Let the waiting begin.
FinallyFl---$97-$32141-300-BWV-Jun-0/19, 300/20, 300/21, 300/22- sent 6/9

Our first ever contract, having done the DVC tour last November. To say we are excited is an understatement. We are hoping this is a good price!

JaguarSkills---$87-$17141-180-SSR-Feb-41/19, 122/20, 180/21- sent 6/8

Congrats! Nice prices on these

 

[squirrel!33]

Well my contract has the following clause: "This contract shall be closed on or before AUGUST 24, 2020 or within thirty days of the title company’s receipt of estoppel if later than the on or before close date". It hasn't been sent for ROFR yet .

My contract with DVC Resale market has this same clause - it says that we must close by July 14 or 30 days after the estoppel letter is received if that is later. This makes it sound like we could be waiting on Disney forever and still be under contract. Has Disney ever taken this long on contract sales before? I am on Day 40 for ROFR today and then I was already told it would take at least 3 more weeks to get the estoppel letter after that. So even though I thought I was signing a 60 day contract, it likely will be longer than that based on how much longer Disney is taking. I submitted for ROFR on 4/30. I saw that some people that submitted on 4/28 were approved back on May 28th. So it has been almost 2 more weeks for them to not even get through 2 days of contracts? I am so down about it - I really wanted to book Spring Break for next year and it feels like it will be slim pickings by the time I get my points.

Another contract I submitted on 4/9 was approved after 7 days. Unfortunately, the sellers have not been able to close on that and so it looks like i will probably lose that contract. I am feeling very down that with 2 contracts signed in April, I still haven't been able to close on either one.

 

[Tiffany H]

My contract with DVC Resale market has this same clause - it says that we must close by July 14 or 30 days after the estoppel letter is received if that is later. This makes it sound like we could be waiting on Disney forever and still be under contract. Has Disney ever taken this long on contract sales before? I am on Day 40 for ROFR today and then I was already told it would take at least 3 more weeks to get the estoppel letter after that. So even though I thought I was signing a 60 day contract, it likely will be longer than that based on how much longer Disney is taking. I submitted for ROFR on 4/30. I saw that some people that submitted on 4/28 were approved back on May 28th. So it has been almost 2 more weeks for them to not even get through 2 days of contracts? I am so down about it - I really wanted to book Spring Break for next year and it feels like it will be slim pickings by the time I get my points.

Another contract I submitted on 4/9 was approved after 7 days. Unfortunately, the sellers have not been able to close on that and so it looks like i will probably lose that contract. I am feeling very down that with 2 contracts signed in April, I still haven't been able to close on either one.

I have no direct advice other than to say don't lose hope! I believe reduced staff and increased resale contracts being bought right now are the reason for the delay. I submitted 4/29 and have not heard. Last year they were taking longer due to increased buyers as well. I waited 55 days to hear and ended up losing the contract.

I'm hoping we hear this week or next week!

 

[heynowirv]

My contract with DVC Resale market has this same clause - it says that we must close by July 14 or 30 days after the estoppel letter is received if that is later. This makes it sound like we could be waiting on Disney forever and still be under contract. Has Disney ever taken this long on contract sales before? I am on Day 40 for ROFR today and then I was already told it would take at least 3 more weeks to get the estoppel letter after that. So even though I thought I was signing a 60 day contract, it likely will be longer than that based on how much longer Disney is taking. I submitted for ROFR on 4/30. I saw that some people that submitted on 4/28 were approved back on May 28th. So it has been almost 2 more weeks for them to not even get through 2 days of contracts? I am so down about it - I really wanted to book Spring Break for next year and it feels like it will be slim pickings by the time I get my points.

Another contract I submitted on 4/9 was approved after 7 days. Unfortunately, the sellers have not been able to close on that and so it looks like i will probably lose that contract. I am feeling very down that with 2 contracts signed in April, I still haven't been able to close on either one.

I think in 2011 we went almost 45 days? It was close to that. Good luck.

 

[hlhlaw07]

My contract with DVC Resale market has this same clause - it says that we must close by July 14 or 30 days after the estoppel letter is received if that is later. This makes it sound like we could be waiting on Disney forever and still be under contract. Has Disney ever taken this long on contract sales before? I am on Day 40 for ROFR today and then I was already told it would take at least 3 more weeks to get the estoppel letter after that. So even though I thought I was signing a 60 day contract, it likely will be longer than that based on how much longer Disney is taking. I submitted for ROFR on 4/30. I saw that some people that submitted on 4/28 were approved back on May 28th. So it has been almost 2 more weeks for them to not even get through 2 days of contracts? I am so down about it - I really wanted to book Spring Break for next year and it feels like it will be slim pickings by the time I get my points.

Another contract I submitted on 4/9 was approved after 7 days. Unfortunately, the sellers have not been able to close on that and so it looks like i will probably lose that contract. I am feeling very down that with 2 contracts signed in April, I still haven't been able to close on either one.

yes, while they generally take under 30 days they have been known to hit stretches of time where they take longer. As someone else noted, last year when there was a stretch where they were taking almost 60 days. I had one contract submitted around that time that Disney took after 54 days of waiting. If it makes you feel better, they are taking longer than normal, but the likelihood of them taking your contract right now is pretty minimal. It’s sucks to wait an extra long time only to hav them steal your contract.

 

[Albee]

Ugh, that would stink!! My broker said they are not taking anything right now. We are on day 44, Aulani. What's weird is another person on the boards sent in at the same time & he heard back last Thursday on their Aulani contract. I thought we would hear today but I guess not.

 

[Cubbiefan1734]

Cubbiefan1734---$125-$19400-150-CCV@WL-Jun-0/19, 0/20, 45/21- sent 4/25, passed 6/9

Delayed closing, so still waiting. But it's good to hear it went through!

 

[ScubaCat]

Heynowirv---110.-17935.15-150-BWV-Aug-0/18,0/19,95/20,150/21Buyer pays closing and reminder of 20 points

Madmavis49 - $107-$10,700-100 SSR- Oct 0/19 6/20 100/21 Sent 5/15

Could you please reformat with the link in post #1? Thanks!

 

[MrWonderful]

MrWonderful---$128.56-$19964-150-BLT-Aug-0/19, 0/20, 150/21- sent 6/9

First contract - We are very excited.... crossing fingers.

Thank you to everyone who contributes to this thread. The knowledge gleaned was invaluable!! now we wait