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

[ScubaCat]

RunMagical Miles--$110-$16500–150-OKW- Feb - 80/20, 150/21, 150/22-- sent 4/9

Nangosix---$117.50-$18888.00-160-AKV-Mar-0/20, 160/21, 160/22- sent 3/30

Nangosix---$125-$20,500.-164-BWV-0/20, 144/21, 164/22- sent 4/8.

HIRyeDVC-$220-$34,549-150-VGC-Jun-150/19, 0/20, 256/21, 150/22 - Sent 3/26

HIRyeDVC-$220-$39,088-170-VGC-Jun-72/19,0/20,340/21,170/22 - Sent 3/29

HIRyeDVC-$163-$34,005-200-BLT-Mar-0/19,0/20,76/21,200/22 - Sent 4/14

$125-$13,985-107 AKV- 0/21, 107/22 sent 3/24 passed 4/20 we can close til January but I’m happy we passed
Feb UY

Ugh still waiting. Sent 3/15 and still waiting on SSR. There was an issue with some numbers being transposed by the broker so they corrected that per Disney's request on 4/1 and still nothing. This is so painful to just sit by and wait.

$102-$21,037-200SSR-SEP 0/20 235/21, 200/22 Sent 3/15 still waiting...

ParkHoppers —$105-$23010-220-SSR-AUG-0/20,220/2021,220/2022,220/2023-sent 3/29, passed 4/22

Woohoo we passed!

$102-$21,037-200SSR-SEP 0/20 235/21, 200/22 Sent 3/15 Addendum Sent 4/1 Passed 4/22

I'm beyond excited!

---$92-$28520-310-OKW-Feb-0/20, 0/21, 310/22 - sent 4/9.

The right format....

I've been out of pocket for a couple of weeks so if you've already updated, please disregard. (I was busy using @pangyal 's points again... Can't let them expire!)

Anyway, if you posted a string quoted above, please reformat it with the link in post #1 so it can be added to the list. We'd love to add your contract but we need them in the correct format; it really only takes a few seconds. Let me know if you have any questions or trouble using the formatting tool.

Thanks!

 

[HIRyeDVC]

I've been out of pocket for a couple of weeks so if you've already updated, please disregard. (I was busy using @pangyal 's points again... Can't let them expire!)

Anyway, if you posted a string quoted above, please reformat it with the link in post #1 so it can be added to the list. We'd love to add your contract but we need them in the correct format; it really only takes a few seconds. Let me know if you have any questions or trouble using the formatting tool.

Thanks!

Reposting using the tool

HIRyeDVC---$220-$34548-150-VGC-Jun-150/19, 106/20, 150/21, 150/22- sent 3/26

HIRyeDVC---$220-$39088-170-VGC-Jun-72/19, 170/20, 170/21, 170/22- sent 4/2

HIRyeDVC---$163-$34005-200-BLT-Mar-0/20, 76/21, 200/22, 200/23- sent 4/14

 

[MissPixieDreamer]

Geez, I hope not. My closing date is September 27th. Can you imagine waiting that long for ROFR when we can barely wait passed 2 weeks.

I've been wondering something similar... I mean, I've seen contracts pass ROFR in less than 30 days, actually most of them. My contract was sent 4/16, but the closing date on the contract is 7/1... Let's hope for a fast ROFR and estoppel in 2-3 weeks... Will they wait until 7/1 to close???

 

[Nie0214]

I've been wondering something similar... I mean, I've seen contracts pass ROFR in less than 30 days, actually most of them. My contract was sent 4/16, but the closing date on the contract is 7/1... Let's hope for a fast ROFR and estoppel in 2-3 weeks... Will they wait until 7/1 to close???

It depends.. if it was upfront said after 7/1, then the seller probably has a trip planned using points so closing has to be after the trip. If it’s just an estimate, you can close earlier.

We entered our contract to ROFR on 3/24 and were told closings were currently estimated at the first or second week of June, so our need to close after 7/1 wasn’t a significant deterrent because it was, at most, asking the buyer to wait 3 weeks.

 

[MissPixieDreamer]

It depends.. if it was upfront said after 7/1, then the seller probably has a trip planned using points so closing has to be after the trip. If it’s just an estimate, you can close earlier.

We entered our contract to ROFR on 3/24 and were told closings were currently estimated at the first or second week of June, so our need to close after 7/1 wasn’t a significant deterrent because it was, at most, asking the buyer to wait 3 weeks.

Thank you for the reply. I specifically asked the broker if the contract was a delayed closing and if the sellers had any trips booked, and was told no for both questions.
I've double checked my contract and it says "on or before the close date of JULY 1ST, 2021", so maybe this is only some sort of deadline for handing the closing documents signed?
Sorry for bothering, but this is my first contract and seeing most here are very experienced, just wanted to check if having any date in the contract was any indication of having a closing date already set, that it couldn't be moved...

 

[Emmsgug]

Are ROFR decisioned on the weekends? Or is it a traditional business day only deal?

 

[pangyal]

Updated!

 

[pangyal]

I've been out of pocket for a couple of weeks so if you've already updated, please disregard. (I was busy using @pangyal 's points again... Can't let them expire!)


Thanks!

At least somebody gets to use them . But I need you to vacate that BCV room by June 28th please.

 

[nangosix]

Oh now I get it.

 

[Amyeliza]

I've learned a lot through this process. The main thing is that I'm not cut out for the resale process. I have a very impulsive personality and also suffer from high anxiety. My brain switches back and forth between "I need to get this because it's a deal!" to "Buy what you love! #YOLO" My head tells me to be practical and to get the deal and learn to love it. My heart tells me to choose the property I love (at less points) and enjoy the time I can stay there. In the resale market, I have been unable to find both. I also don't have the patience to stalk the resale sites nonstop anymore.

My deed was recorded 10 days ago for my original Poly purchse. I plan to buy direct later this week (if and when my membership is created)! I'm being optimistic because the current rate is 11 - 15 days until a membership account is created with DVC. Once done, I'm going to buy a 30 points at BCV, my favorite resort ever. I will be able to get two days (during the week) in a studio or 4 days every two years. I was going to buy a BWV contract because of the low points for the standard rooms, but I decided to buy what I love. Standard rooms are not guaranteed.

Thank you for listening and for all your advice over the past couple months! Best of luck and can't wait for all of us to be "Welcome Home" again and again.

 

[nangosix]

Oh now I get it.

Oh oops. Click the link....

 

[Disneytrippin']

I feel ya and always wondered about the huge disparity in closing dates. I’ve seen some as early as 6 weeks and as long as 6 months! What gives?

I think it has to do with whether or not the seller needs to complete a vacation.

 

[E2ME2]

DisTime25---$125-$22524-160-AKV-Dec-276/20, 160/21, 160/22- sent 4/9

You should be fine with this one -- I passed ROFR at the same PPP & similar extra points.....

 

[DisTime25]

Thanks for sharing!!! Hoping to hear back with some positive news soon.

 

[Where'sPiglet?]

@Amyeliza is this BCV in addition to your Poly and Boulder Ridge, or are you not going to do the BRV?

Edit: I see your signature now on my desktop , and see your Boulder Ridge picture is missing.

 

[ValW]

Are ROFR decisioned on the weekends? Or is it a traditional business day only deal?

I have been notified of ROFR decisions on the weekend (depends on your broker). I have also had contracts and points loaded on the weekend ( 2 on Easter Sunday).

 

[ILoveMyDVC]

I've learned a lot through this process. The main thing is that I'm not cut out for the resale process. I have a very impulsive personality and also suffer from high anxiety. My brain switches back and forth between "I need to get this because it's a deal!" to "Buy what you love! #YOLO" My head tells me to be practical and to get the deal and learn to love it. My heart tells me to choose the property I love (at less points) and enjoy the time I can stay there. In the resale market, I have been unable to find both. I also don't have the patience to stalk the resale sites nonstop anymore.

My deed was recorded 10 days ago for my original Poly purchse. I plan to buy direct later this week (if and when my membership is created)! I'm being optimistic because the current rate is 11 - 15 days until a membership account is created with DVC. Once done, I'm going to buy a 30 points at BCV, my favorite resort ever. I will be able to get two days (during the week) in a studio or 4 days every two years. I was going to buy a BWV contract because of the low points for the standard rooms, but I decided to buy what I love. Standard rooms are not guaranteed.

Thank you for listening and for all your advice over the past couple months! Best of luck and can't wait for all of us to be "Welcome Home" again and again.

I understand your thought process. last night I realized for all the points I just signed up for, I could probalby buy a condo or small house in FLA. Had a conversation with DH ths morning. The pros are we would OWN the property 52 weeks forever AND we could bring our dogs. The cons, of course, are worrying about the upkeep. He had no interest in the upkeep of owning another home. We may be blessed to own a second home in the future as is and that would be more than enough.
I am trying to back off the resale sites as I now have my desired number of points - only hassle is one of the last contracts is priced high but for a small number of points - haven't signed the paperwork as it just worked out on Thursday,
It feels sureal to think we may have gone from 350 > 1250 but we may not depending on ROFR (god, I hate that term) in 4 contracts. Luckily, I am traveling to see my precious grandchild for the second time in his first year later this week so my whole self will be preoccupied soon enough.
I'm happy you found your path and grateful that you shared your story, brave, one.

 

[ILoveMyDVC]

At least somebody gets to use them . But I need you to vacate that BCV room by June 28th please.

Please remove my (ILoveMyDVC) SSR contracts. I decided against them. I will be adding mroe OKW(E)s, though as soon as I have the info.

 

[Paul Stupin]

It is probably highly unlikely that Disney would take that long but my direct contract reads “If DVD fails to notify the member of its election to exercise its right of refusal prior to the proposed closing date, the member may proceed to close the transaction with the third party upon the original terms and conditions offered by or to the third party.”

It is probably highly unlikely that Disney would take that long but my direct contract reads “If DVD fails to notify the member of its election to exercise its right of refusal prior to the proposed closing date, the member may proceed to close the transaction with the third party upon the original terms and conditions offered by or to the third party.”

Theres been a lot of discussion about this topic on the boards. No matter what your contract says, not a single title company will finalize a DVC ownership through resale without the contract passing ROFR.

 

[Nie0214]

Thank you for the reply. I specifically asked the broker if the contract was a delayed closing and if the sellers had any trips booked, and was told no for both questions.
I've double checked my contract and it says "on or before the close date of JULY 1ST, 2021", so maybe this is only some sort of deadline for handing the closing documents signed?
Sorry for bothering, but this is my first contract and seeing most here are very experienced, just wanted to check if having any date in the contract was any indication of having a closing date already set, that it couldn't be moved...

In this case, the 7/1 is likely an estimate. If you just submitted to ROFR, they are conservatively estimating 40 days for that, then 30 for estoppel, and getting all closing docs together with appropriate signatures. That puts you close to the 7/1 estimated timeline. If things move faster you’ll close as soon as you can!

Here is a thread where people post their offer to closing stats: https://www.disboards.com/threads/closing-time.3392820