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

[Where'sPiglet?]

After thinking all week I did cancel the contract. So back to the beginning, I’m thinking it was a sign to not buy at AKV. If anyone is looking there’s a new 180pt contract out there now.

What a bummer, but probably the right decision for the circumstance. Good luck in your new search.

 

[HarryHRH]

HarryHRH---$163-$26130-150-PVB-Dec-0/20, 181/21, 98/22- sent 5/11, passed 6/1

Didn’t expect to hear back so soon, very happy!

 

[Kellyjhurst]

HarryHRH---$163-$26130-150-PVB-Dec-0/20, 181/21, 98/22- sent 5/11, passed 6/1

Didn’t expect to hear back so soon, very happy!

Who did you purchase with? This is the third PVB I’ve seen and we haven’t heard anything on ours sent on 5/6.

 

[HarryHRH]

Who did you purchase with? This is the third PVB I’ve seen and we haven’t heard anything on ours sent on 5/6.

We purchased from DVCResaleMarket... I’m sure you’ll hear back soon!

 

[DisneyKim41]

we passed ROFR! yay!!! BRV will be our new home finally!!

That's our first home resort and we found it so beautiful. I'm anxious for the refurb so the rooms can get some love.

 

[Kim.chris2009]

We purchased from DVCResaleMarket... I’m sure you’ll hear back soon!

DVC Resale Market for us as well. Hoping yours passes soon!

 

[Kellyjhurst]

DVC Resale Market for us as well. Hoping yours passes soon!

Wow! Yeah, we had gone with dvc store. Gives us hope though!

 

[momtwoboys]

That's our first home resort and we found it so beautiful. I'm anxious for the refurb so the rooms can get some love.

we found ourselves staying there most trips and its our fav so we sold our OKW and re bought in at BRV! We love the location the theme and the overall relaxing feel. Hope the refurb happens soon though for sure the rooms need some TLC!

 

[TroJo]

Sorry to post here, but I think this thread has the most knowledgeable people on the subject.
I just had a seller accept an offer on a contract that I’m almost certain will get taken by Disney during the Right of First Refusal process, however I’ve just been told that the seller has an upcoming trip 3-4 months from now and closing would be delayed.

Just heard from the broker stating that the “transfer process will not start until start until their reservation is completed. This includes the ROFR process.”

When I asked about sending to ROFR right away this was the broker’s response:
”To my understanding, the reason why the ROFR is delayed is because if Disney does decide to ROFR it, the seller existing reservation would be taken from them as Disney would be buying the ownership back. Therefore, to prevent any mishaps on the back end, reservations have to be completed because starting of the resale process as a whole”

I thought I’ve read a few times on this thread that offers were sent to ROFR with a delayed closing stipulation? Or is the broker right in this situation?

 

[MrWonderful]

Sorry to post here, but I think this thread has the most knowledgeable people on the subject.
I just had a seller accept an offer on a contract that I’m almost certain will get taken by Disney during the Right of First Refusal process, however I’ve just been told that the seller has an upcoming trip 3-4 months from now and closing would be delayed.

Just heard from the broker stating that the “transfer process will not start until start until their reservation is completed. This includes the ROFR process.”

When I asked about sending to ROFR right away this was the broker’s response:
”To my understanding, the reason why the ROFR is delayed is because if Disney does decide to ROFR it, the seller existing reservation would be taken from them as Disney would be buying the ownership back. Therefore, to prevent any mishaps on the back end, reservations have to be completed because starting of the resale process as a whole”

I thought I’ve read a few times on this thread that offers were sent to ROFR with a delayed closing stipulation? Or is the broker right in this situation?

That does not sound correct. Our first BLT contract was delayed closing, but ROFR went forward right away. passed, then we waited to close.

 

[KAT4DISNEY]

Sorry to post here, but I think this thread has the most knowledgeable people on the subject.
I just had a seller accept an offer on a contract that I’m almost certain will get taken by Disney during the Right of First Refusal process, however I’ve just been told that the seller has an upcoming trip 3-4 months from now and closing would be delayed.

Just heard from the broker stating that the “transfer process will not start until start until their reservation is completed. This includes the ROFR process.”

When I asked about sending to ROFR right away this was the broker’s response:
”To my understanding, the reason why the ROFR is delayed is because if Disney does decide to ROFR it, the seller existing reservation would be taken from them as Disney would be buying the ownership back. Therefore, to prevent any mishaps on the back end, reservations have to be completed because starting of the resale process as a whole”

I thought I’ve read a few times on this thread that offers were sent to ROFR with a delayed closing stipulation? Or is the broker right in this situation?

Who is that broker? They are incorrect unless DVC has suddenly changed something although it doesn't sound like the broker is stating that. It can and should be sent to ROFR right away. DVC will decide normally and it is just the closing that can't take place until the reservation is completed.

 

[TroJo]

That does not sound correct. Our first BLT contract was delayed closing, but ROFR went forward right away. passed, then we waited to close.

Who is that broker? They are incorrect unless DVC has suddenly changed something although it doesn't sound like the broker is stating that. It can and should be sent to ROFR right away. DVC will decide normally and it is just the closing that can't take place until the reservation is completed.

Thank you both. From what I’ve read I thought what the broker has said was incorrect. I’ve informed them that unless the contract can go to Disney for ROFR immediately we would like our deposit back.

Seems silly to tie up a $2500 deposit for 4-5 months for something that will most likely be taken: AKV 100pt @ $105\pt.

 

[sndral]

Anyone able to quote the average time for Disney to create a new account? I have an account but this last resale has a different use year. This is affecting a reservation for July and one next year. It's been 2.5 weeks since docs were sent to DVD.

And for those keeping score my sellers STILL HAVE NOT DEIGNED TO SIGN my second contract all but assuring throwing away those 520 July points.

I provided this link in my response to your other thread, I’ll do so again
new closing thread https://www.disboards.com/threads/closing-time-2021-edition.3836891/
old closing thread https://www.disboards.com/threads/closing-time.3392820/page-468
This is the ROFR thread - the focus being which contracts are being bought back by DVC & at what price & how long that’s taking.
For questions after you’ve passed ROFR your best resources are the closing threads linked above. They’re also a great resource for things to try if you hit roadblocks w/ the creation of your membership & the loading of your points. You can email, chat, or call DVC to get answers about your contract where the deed has already recorded. You can do the same for your bigger contract once the sellers doc.s get back & the deed is recorded.
Personally, after reading the last few pages in the closing threads I’d allow about a month after deed recording - could be quicker - but I wouldn’t count on it.

 

[VdoesDisney]

Changing my strategy here, this one is risky but I think it has a chance.

VdoesDisney---$86.67-$14962.12-150-BRV-Aug-0/20, 300/21, 150/22, sent 6/1

Edited with correct resort, this one is for Boulder Ridge

 

[KAT4DISNEY]

Changing my strategy here, this one is risky but I think it has a chance.

VdoesDisney---$86.67-$14962.12-150-BRV-Aug-0/20, 300/21, 150/22, sent 6/1

Edited with correct resort, this one is for Boulder Ridge

Wow - that's quite the price for BRV! It hasn't taken off like other 2042's but still. Good luck! If it goes thru you've gotten a great deal.

 

[VdoesDisney]

Wow - that's quite the price for BRV! It hasn't taken off like other 2042's but still. Good luck! If it goes thru you've gotten a great deal.

Yeah, I am crossing my fingers, they don’t seem to be ROFRing BRV as much lately so maybe just maybe I have a chance at getting this one.

 

[Sandisw]

Thank you both. From what I’ve read I thought what the broker has said was incorrect. I’ve informed them that unless the contract can go to Disney for ROFR immediately we would like our deposit back.

Seems silly to tie up a $2500 deposit for 4-5 months for something that will most likely be taken: AKV 100pt @ $105\pt.

I have bought and sold 4 times with delayed closings. In every case the contract went to ROFR from the start.

So, any change would be new.

 

[sndral]

Sorry to post here, but I think this thread has the most knowledgeable people on the subject.
I just had a seller accept an offer on a contract that I’m almost certain will get taken by Disney during the Right of First Refusal process, however I’ve just been told that the seller has an upcoming trip 3-4 months from now and closing would be delayed.

Just heard from the broker stating that the “transfer process will not start until start until their reservation is completed. This includes the ROFR process.”

When I asked about sending to ROFR right away this was the broker’s response:
”To my understanding, the reason why the ROFR is delayed is because if Disney does decide to ROFR it, the seller existing reservation would be taken from them as Disney would be buying the ownership back. Therefore, to prevent any mishaps on the back end, reservations have to be completed because starting of the resale process as a whole”

I thought I’ve read a few times on this thread that offers were sent to ROFR with a delayed closing stipulation? Or is the broker right in this situation?

I do recall a situation - several years ago now - where there was a delayed closing in the contract & DVC exercised ROFR & canceled the upcoming vacation.
Since DVC literally steps into the shoes of the buyer & contractually must honor all provisions in the contract they were in the wrong & recognized it & actually found a solution for the person who’s stay was canceled. Don’t remember all the details, but It was odd because it was the buyer who had rented the points from the seller for the stay, thus the closing was delayed for the buyer’s vacation - so initially they lost their vacation & their contract, but they ended up staying somewhere nicer as I recall.
That was a total one off mess up by DVC, and not the norm though from what I’ve read.

 

[Ginamarie]

Changing my strategy here, this one is risky but I think it has a chance.

VdoesDisney---$86.67-$14962.12-150-BRV-Aug-0/20, 300/21, 150/22, sent 6/1

Edited with correct resort, this one is for Boulder Ridge

Incredible deal. If this makes it through you've scored big time!

 

[Paul Stupin]

IT certainly got everyone's attention. The sellers are going to sign and send today. The title company shouldn't have put the July 5th. closing date on the documents without an explanation to the sellers. Yes, I changed my mind about SSR and I paid 2K for it, it doesn't make me defective - it was a mistake with consequences. The July points was iffy but that wasn't what was told to me over and over again by the resale agent. I certainly didn't think my May 2022 reservation would be compromised. I'm still waiting for Disney to give me my paid for points from my first contract. Such BS and a lousy opaque way to do business. I've put up thousands of dollars for nothing in return and no promise of when I might have use of the product. Just vague inconsistent timelines without any means of checking other than an email address that auto generates the 'promise' of a 10 business day reply.