ROFR Thread April to June 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[vicarrieous]

How long is it taking everyone to get their closing documents after notice of the ROFR waiver? It has been a week and a half, but I get like a million crap emails a day and frequently miss some som I’m paranoid it will be missed or go to junk.

It really varies. They need to get your estoppel and some title agents are faster than others depending on workloads and timelines. I would look at the Closing Thread to see more data there by title agent and general timelines.

 

[gfarb27]

That’s a pretty fun way to do it. How many points do you have at any given time?

We only started doing the buying/selling so the post I put in this month is really the big trial. We have done it on smaller contracts and so far its worked out. Right now we own 2400 points and that number should grow large based on our current offers. Were also currently selling our xxxxxxxxxxxx contracts so that will reduce the points we own if/when they sell

Removed resorts.

 

[gfarb27]

gfarb27---$116-$44330-350-BWV-Jun-0/19, 0/20, 571/21, 350/22- sent 3/24, passed 4/12

 

[KAT4DISNEY]

I emailed Jeffrey Sweet as well as the company it has been through ... perhaps multiple times. We currently have multiple contracts going through ROFR but our BLT was almost a week later and we have known since 4/2 . Is there a specific company that is really delayed in getting back to people?

I think they were being funny not serious that you need to start pestering. You're well under 30 days.

 

[nangosix]

I think they were being funny not serious that you need to start pestering. You're well under 30 days.

Not really under 30 days; in fact it’s over. Sent March 12th. My BLT came back on 4/2 and that was sent almost a week later.

 

[Sunnyore]

We only started doing the buying/selling so the post I put in this month is really the big trial. We have done it on smaller contracts and so far its worked out. Right now we own 2400 points and that number should grow large based on our current offers. Were also currently selling our Xxxxxxxx contracts so that will reduce the points we own if/when they sell

So basically the post on April Fools day that several ppl thought was a joke.. wasn’t a joke It’s definitely still fun to live vicariously through your buying adventure so keep us updated!

 

[Crash8ART]

gfarb27---$116-$44330-350-BWV-Jun-0/19, 0/20, 571/21, 350/22- sent 3/24, passed 4/12

I am so happy to see this passed. I have a 100 pointer @$116 in ROFR and this gives me hope.

 

[AladdinJ]

We only started doing the buying/selling so the post I put in this month is really the big trial. We have done it on smaller contracts and so far its worked out. Right now we own 2400 points and that number should grow large based on our current offers. Were also currently selling our Xxxxxx contracts so that will reduce the points we own if/when they sell

Do you also rent points out or do you get to use all of those points yourself? When you flip contracts are you selling them yourself or using an agency?

 

[KAT4DISNEY]

Not really under 30 days; in fact it’s over. Sent March 12th. My BLT came back on 4/2 and that was sent almost a week later.

Ah yes, sorry. Completely misread the date.

 

[gfarb27]

Do you also rent points out or do you get to use all of those points yourself? When you flip contracts are you selling them yourself or using an agency?

So far we have used brokers but im looking into how to selling it on my own. Itll give me a better return and also a better purchase price for buyers.

I use most of the points myself but I have rented some as well. Renting is just a lot of effort

 

[ILoveMyDVC]

So far we have used brokers but im looking into how to selling it on my own. Itll give me a better return and also a better purchase price for buyers.

I use most of the points myself but I have rented some as well. Renting is just a lot of effort

I used to 'rent' only to other members by way of transfer

 

[AladdinJ]

AladdinJ---$144-$43200-300-PVB-Dec-0/19, 0/20, 300/21, 300/22-Seller pays 50% closing cost- sent 4/13

Third time is the charm hopefully! I went with current use year points so hopefully it will pass this time.

 

[VdoesDisney]

gfarb27---$116-$44330-350-BWV-Jun-0/19, 0/20, 571/21, 350/22- sent 3/24, passed 4/12

Congrats!! I have a BWV contract summitted on 3/26, hopefully I am just a few days behind you on passing ROFR. That was a great price!

 

[VdoesDisney]

I am so happy to see this passed. I have a 100 pointer @$116 in ROFR and this gives me hope.

Wow, you got 100 pts @ $116? What strategy did you use to score that contract?

 

[ejm3211]

ejm3211---$115-$20892-165-AKV-Apr-0/20, 330/21, 165/22, 165/23-Int'l Seller- sent 3/22, passed 4/12

 

[gfarb27]

ejm3211---$115-$20892-165-AKV-Apr-0/20, 330/21, 165/22, 165/23-Int'l Seller- sent 3/22, passed 4/12

Great price - congrats!

 

[Crash8ART]

Wow, you got 100 pts @ $116? What strategy did you use to score that contract?

Just stupid luck, I just happened to check Fidelity about 1 minute after it posted and immediately called the broker.

 

[VdoesDisney]

Just stupid luck, I just happened to check Fidelity about 1 minute after it posted and immediately called the broker.

That’s an awesome deal, congrats! I tried to jump on something like it on fidelity and the broker didn’t get back to me for an entire week.

 

[DisneyMom_3]

How long is it taking everyone to get their closing documents after notice of the ROFR waiver? It has been a week and a half, but I get like a million crap emails a day and frequently miss some som I’m paranoid it will be missed or go to junk.

Mine came two days after I passed ROFR, but I don’t think this is typical.

 

[ILoveMyDVC]

How long is it typical to wait for the agent to get back to you after submitting an offer? The agent was supossed to send me an email with the 'details' - I don't even know if the offer was accepted - I called and sent a second email - NOTHING. Time really matters in this instance. I conveyed that to him when we chatted first thing this morning. We're talking about a very small difference in asking price very small