ROFR Thread April to June 2022 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[hglenn]

Ok so the DVC current promotions end tonight. What are the chances we see AKV and SSR direct discounts tomorrow? After raising the price to $200, I could definitely see incentive pricing now to make it look cheaper again.

That's a good call... increase the price to run promos on them for dropdown options... Interesting. Are those promotions generally available to new and existing members?

 

[Rcfins13]

Today is day 72 waiting on ROFR. Absolutely ridiculous.

 

[HIRyeDVC]

Today is day 72 waiting on ROFR. Absolutely ridiculous.

WHAT?! for what property? and who is your broker? That is unacceptable.

 

[Disneycouple99]

That’s rough. At least you get a part of the deposit since after 10 day period, right?

Yes

 

[pianomanzano]

Ok so the DVC current promotions end tonight. What are the chances we see AKV and SSR direct discounts tomorrow? After raising the price to $200, I could definitely see incentive pricing now to make it look cheaper again.

They ROFR'ed more than 50k SSR points over the last 3 months but have only sold around 20k points in the same time period, so they're sitting on at least 30k SSR points. Could be time for an incentive soon!

 

[Alice in Okie-land]

Alice in Okie-land—-$124-$11,243.80-80-OKW-Aug-0/21, 81/22, 80/23-sent 4/21-taken 6/1

Already bidding on the next one

 

[hglenn]

Today is day 72 waiting on ROFR. Absolutely ridiculous.

What is your close date in your contract?

 

[Princess Ploppy]

Today is day 72 waiting on ROFR. Absolutely ridiculous.

Surely as somebody said earlier that Disney have the right of ROFR up until closing date then providing your broker has disclosed a closing date then you can just continue with the purchase on the assumption that Disney aren’t exercising their right?

If they’ve been told the closing date then they know what the deadline is so surely one can assume that if they haven’t exercised their right by that date then their window of opportunity has closed

 

[Sandisw]

Has anyone closed with TRCS? They're friendly enough, but lord are they sloooooow.

I did in 2020 and the timeline was pretty good. Average for what was happening at the time.

 

[Sandisw]

Agree, although I will add if they issue a waiver and then turn around a few weeks later and take the contract, doing such a thing might be permitted under the rules/laws/whatever, but it is just not good business. I suspect we are not getting the full story here (from the broker and/or Disney).

I agree and I think it’s why it’s not something that happens. This is the first time I have heard in 13 years of reversing it from waived to taken…”

Last year I think there was an international one taken and then it was reversed.

To me, I bet us was some level of clerical errors and got caught.

Now, if the contract didn’t have a delayed close and seller had already signed with the buyer the official closing stuff, I don’t think they could come back…

 

[Sandisw]

Ok so the DVC current promotions end tonight. What are the chances we see AKV and SSR direct discounts tomorrow? After raising the price to $200, I could definitely see incentive pricing now to make it look cheaper again.

I’d be shocked. They have too many VGF and RIV points available at good prices to need to over sold out resorts.

 

[Pens Fan]

Has anyone closed with TRCS? They're friendly enough, but lord are they sloooooow.

Just closed a contract with them last month. Yes, they are very slow. They also screwed up the deed by leaving our son's name off of it. I get that mistakes happen, but when we first signed the contract as existing members they had us email them a copy of one of our other deeds. At the time I though it was a nice safeguard to getting everything correct. And then they still screwed it up. I caught it and they fixed it prior to close, but still. I wouldn't use them again.

Of course, to be fair it didn't help that we were in the process of closing a second contract with Cammie from Mason Title at the same time. The comparisons were inevitable and did not favor TRCS .

 

[Rcfins13]

WHAT?! for what property? and who is your broker? That is unacceptable.

Poly. DVC Resale is who we are using.

 

[alohatok1986]

I agree and I think it’s why it’s not something that happens. This is the first time I have heard in 13 years of reversing it from waived to taken…”

I am a bit emotionally drained from this unprecedented rofr period I thought I'd jump right back in if my contract got taken but the wind is out of my sails & none look appealing. Oh well.

 

[Mexacajun]

Awesome pricing.

I really credit this thread. I have done so much research because of the things posted here that I feel I have got good (but fair) deals. I think I would never thought to bid what I have on these contracts without this board. Now I just gotta hope it passes ROFR and with the active sales, I hope it does.

 

[CaptainAmerica]

I am a bit emotionally drained from this unprecedented rofr period I thought I'd jump right back in if my contract got taken but the wind is out of my sails & none look appealing. Oh well.

They can't take 'em all!

 

[Rcfins13]

Surely as somebody said earlier that Disney have the right of ROFR up until closing date then providing your broker has disclosed a closing date then you can just continue with the purchase on the assumption that Disney aren’t exercising their right?

If they’ve been told the closing date then they know what the deadline is so surely one can assume that if they haven’t exercised their right by that date then their window of opportunity has closed

That's part of the problem is we don't have a closing date yet. They keep telling me that they can't move forward until they have the estoppel from Disney.

 

[KPeterso]

That's part of the problem is we don't have a closing date yet. They keep telling me that they can't move forward until they have the estoppel from Disney.

All the contracts I have ever gotten (3 different resale brokers) have verbiage in them with an anticipated close date. Usually it says something like, this contract will close on or before MM/DD/YYYY or this contract will close no later than MM/DD/YYYY or that it will close within 60 or 75 or 90 days. I would be checking my contract to find the language about closing.

 

[CaptainAmerica]

Surely as somebody said earlier that Disney have the right of ROFR up until closing date then providing your broker has disclosed a closing date then you can just continue with the purchase on the assumption that Disney aren’t exercising their right?

Legally and contractually you're correct, but I don't think any of the brokers have the stones to do it.

 

[larry47591]

That's part of the problem is we don't have a closing date yet. They keep telling me that they can't move forward until they have the estoppel from Disney.

There are no real rules disney controls the process. Even if they take your contract as a seller they want to frustrate you. So it doesn’t seem like it’s worth the hassle