ROFR Thread April to June 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[MsChristy12]

Probably could’ve gotten lower but I’ve been searching for the perfect contract to add on to my existing contract and jumped on it! Now just waiting on ROFR!

Probably but if this is your perfect contract, worth it!

 

[jlnten17]

Our contract closed within a week of Disney waiving ROFR. Now we are just waiting on Disney to load the points to our account.

 

[Willow1213]

Our contract closed within a week of Disney waiving ROFR. Now we are just waiting on Disney to load the points to our account.

That was fast! Congrats

 

[MsChristy12]

I'm seeing something interesting....
I have been keeping my eyes on a specific listing that's listed across several broker's sites. A couple days ago, two of the brokers changed its status to "sale pending", but only one broker sold it, so who is it? The 3rd broker jus pulled it all together. I'm not doing any analysis or data collecting, just simply curious. Why one of them would make it look like they "sold" it?

 

[Redheadprincess]

So is the ROFR lady on vacay??

 

[Galactic Reversal]

I'm seeing something interesting....
I have been keeping my eyes on a specific listing that's listed across several broker's sites. A couple days ago, two of the brokers changed its status to "sale pending", but only one broker sold it, so who is it? The 3rd broker jus pulled it all together. I'm not doing any analysis or data collecting, just simply curious. Why one of them would make it look like they "sold" it?

Multiple brokers listing the same contract? Does that really happen?

 

[Boba(not-so)Fit]

Multiple brokers listing the same contract? Does that really happen?

Yup

 

[MsChristy12]

Multiple brokers listing the same contract? Does that really happen?

Absolutely! A lot of sellers do that to get more visibility.

 

[sndral]

If you are buying from an international seller they need your SS #. I am not sure exactly why.

It’s because the IRS can find & collect from the US buyer, something much harder to do w/ international sellers.
International sellers owe US taxes on gains from selling US real estate. But because foreigners don’t have social security numbers or taxpayer ID numbers if they don’t pay the IRS has no way to collect the tax owed from them. Thus the IRS requires the US buyer - whom they can locate (via social security no.) & collect from if necessary - to set aside 15% of the proceeds to make sure any tax owed is paid.
Here’s a link w/ more details about the process from a couple months ago.

When a foreigner sells real estate in the US they must pay capital gains tax on the sale - FIRPTA - if they don’t pay that tax, you the buyer of that real estate will be liable for that tax. The IRS assumes the tax is 15% of the sale price, but many sellers owe less than that. Typically the title company will take care of all of that for both you and the seller either by sending 15% to the IRS & letting the seller claim a refund from the IRS or by holding the funds in an escrow account while the IRS determines how much tax the seller owes & once that happens sending the tax owed to the IRS & the rest to the seller.
Here’s a thread discussing FIRPTA & 8288.

https://www.disboards.com/threads/irs-notice-about-my-dvc-purchase.3901534/#post-64424073

 

[MsChristy12]

Our contract closed within a week of Disney waiving ROFR. Now we are just waiting on Disney to load the points to our account.

That's really fast! Congrats!

 

[E2ME2]

Before moving to the west coast a couple years ago, we almost did the exact same thing for the exact same reason. HH is a good buy in this situation. Good luck, hope you land it!

It was NOT TO BE !
It listed at $98(per point) and was stripped, with no points coming on until 2025.
I offered $75 -
They countered with $92 -
I countered their counter with $85 - -
Then, after a day of radio silence, the agent told me they accepted a higher offer.

On to the next.

 

[karen4546]

So is the ROFR lady on vacay??

i know right!!! Ours was just sent to ROFR on 6/9 but I still like seeing everyone passing

 

[HyperspaceMountainPilot]

i know right!!! Ours was just sent to ROFR on 6/9 but I still like seeing everyone passing

Somebody is working...we passed ROFR for BCV today , sent on 5/24. Will hunt down and repost the string after work today.

 

[Redheadprincess]

Guess I spoke too soon earlier. 3rd contract after buying 2 BCV last year.

Redheadprincess---$100-$9370-80-SSR-Feb-0/22, 160/23, 80/24, 80/25- sent 5/25, passed 06/13

 

[momomaya]

momomaya---$145-$31189-200-PVB-Jun-0/22, 400/23, 200/24- sent 5/17, passed 6/7

Just passed ROFR! this is very exciting!! Now I have a couple of questions related to closing - (1) The closing statement has a 7/25 closing date on it. Does it make sense to be that far? I was expecting the closing can be processed sooner.. (2) the title company asked for my social security number as part of the buyer information. Is it legit? (first time buyer feeling nervous )

I've learnt a lot on this board. Thanks so much everyone!!!!

Reporting back... So I did a bit of research also chatted with the title company. Here's what I learnt: (1) the 7/25 closing date is not real.. they will proceed to closing once the closing docs and the remaining balance are received (2) If not financing, ssn is not required. What they sent was just a standard template. Just sent all closing docs back. Now waiting (im)patiently.....

 

[HyperspaceMountainPilot]

HyperspaceMountainPilot---$115-$12,188-101-BCV-Sep-0/22, 0/23, 101/24-Seller pays 2023 MFs- sent 5/25, passed 6/13

This contract is a delayed close, so now I just patiently wait for my beloved Beach Club to finally become mine, which I've been dreaming of (on and off) for nearly 20 years... what's 3 more months between soulmates?

 

[huskerfanatic7]

Addonitis strikes! wanted to pay a little less but the sellers wouldn't negotiate. I Just couldn't pass up the use year and the amount of points tho.

huskerfanatic7---$158-$10491-60-CCV@WL-Jun-0/22, 60/23, 60/24, 60/25- sent 5/12

huskerfanatic7---$158-$10491-60-CCV@WL-Jun-0/22, 60/23, 60/24, 60/25- sent 5/12, passed 6/13

 

[bravo2zero]

HyperspaceMountainPilot---$115-$12,188-101-BCV-Sep-0/22, 0/23, 101/24-Seller pays 2023 MFs- sent 5/25, passed 6/13

This contract is a delayed close, so now I just patiently wait for my beloved Beach Club to finally become mine, which I've been dreaming of (on and off) for nearly 20 years... what's 3 more months between soulmates?

Am I the only one who wonders what led the original owners to purchase 101 points direct?

 

[LittleBitGoofy]

Am I the only one who wonders what led the original owners to purchase 101 points direct?

A lucky number? Or maybe it was a precise need for a certain # of days for a week they were going the year they bought. Does seem odd, but I've run numbers and sometimes see I'll need to borrow just a couple over our rounded number.

 

[Galactic Reversal]

Am I the only one who wonders what led the original owners to purchase 101 points direct?

101 Discations!