ROFR Thread Jan to March 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

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That's what I keep reading.
We did not request them so we will wait.
Thanks
If you have not SIGNED the contract, you can request another Title/Escrow. The Agreement is not final until you sign it. If you are PAYING for closing, you have the right to pick the Title/Escrow.
 
Simba06---$130-$10613-75-CCV@WL-Sep-21/22, 113/23, 75/24- sent 3/16

We have been wanting to do this since Copper Creek was first announced, but now it’s finally possible! So excited!!
If I may ask … what is the detail behind the “Copper Creek was first announced”?
 
Many resale contracts say “only full asking price will be accepted”. I feel like that is just standard language as much as I have seen it. Would it be bad if I made an offer lower than asking?
You may just get told no.

If I may ask … what is the detail behind the “Copper Creek was first announced”?
Im sure it means they’ve wanted to own there since it opened.?
 
I have a few questions for the ROFR team. One of the three contracts I was trying to buy seems to be struggling to close and we are rapidly approaching the closing date on the contract. The broker says it's the seller getting confused on what to sign and get notarized. As the market has dipped even more, I'd be happy to try again for a lower price I'm not too sad if I walk from this one.

So my questions:

What is considered closing? Just everything signed or does the deed have to be recorded by the date?

Should I express my intent to walk by the closing date if things don't get finalized by that date? Could I ask for a concession by the seller to extend closing or would this trigger another trip to ROFR?

Thanks in advance for any wisdom.
 

I have a few questions for the ROFR team. One of the three contracts I was trying to buy seems to be struggling to close and we are rapidly approaching the closing date on the contract. The broker says it's the seller getting confused on what to sign and get notarized. As the market has dipped even more, I'd be happy to try again for a lower price I'm not too sad if I walk from this one.

So my questions:

What is considered closing? Just everything signed or does the deed have to be recorded by the date?

Should I express my intent to walk by the closing date if things don't get finalized by that date? Could I ask for a concession by the seller to extend closing or would this trigger another trip to ROFR?

Thanks in advance for any wisdom.
Everything signed. And even then, I believe if the title company believes in good faith that the documents can be completed, they have the power to extend the closing. But read your contract.
 
To be more precise (lol), in my experience, Cammie tends to handle the FL contracts and Marcelo handles the HHI contracts.
Marcelo did my AKL contract. He wasn't quite as quick, or responsive, as I hear Cammie is, but I had my closing papers in 5 days. I did reach out to him on Thursday and ask if we would have them by week's end and he never responded, but they were in my inbox by Friday late morning. I e-mailed to thank him for his help, and he never responded to that, either. On the other hand, I cannot say enough nice things about Nate at a site I don't think I am allowed to use here. My agent went on vacation the day after we received our accepted offer and Nate, who isn't even an agent, but the Director of Operations, has answered all of my questions within the hour and is super nice. He is awesome!
 
Marcelo did my AKL contract. He wasn't quite as quick, or responsive, as I hear Cammie is, but I had my closing papers in 5 days. I did reach out to him on Thursday and ask if we would have them by week's end and he never responded, but they were in my inbox by Friday late morning. I e-mailed to thank him for his help, and he never responded to that, either. On the other hand, I cannot say enough nice things about Nate at a site I don't think I am allowed to use here. My agent went on vacation the day after we received our accepted offer and Nate, who isn't even an agent, but the Director of Operations, has answered all of my questions within the hour and is super nice. He is awesome!
We're similarly having a great experience with Nate. He's responded quickly to emailed questions and provided updates. I would definitely go back to his team again. Marcelo is also our processor and quickly answered an emailed question about title insurance.
 
I have a few questions for the ROFR team. One of the three contracts I was trying to buy seems to be struggling to close and we are rapidly approaching the closing date on the contract. The broker says it's the seller getting confused on what to sign and get notarized. As the market has dipped even more, I'd be happy to try again for a lower price I'm not too sad if I walk from this one.

So my questions:

What is considered closing? Just everything signed or does the deed have to be recorded by the date?

Should I express my intent to walk by the closing date if things don't get finalized by that date? Could I ask for a concession by the seller to extend closing or would this trigger another trip to ROFR?

Thanks in advance for any wisdom.
Much if this depends on what it says in your contract. In mine, it stated that if we did not close by the date in the contract, either party has the right to submit a cancellation of purchase (depending on who is at fault for the contract not closing on time - in my scenario, it was due to the sellers not returning their docs). From that point, it said that I (buyer) could either give the sellers a 30 day extension (ha, no thanks), or cancel the purchase.

When it was one week from the closing date in the contract, I notified the title company and the broker that I was intending to pursue purchase cancellation as outlined in the original contract agreement if the seller does not return the documents in time. I was notified yesterday that the closing documents have been received and we will be closing on Monday (which was the date in the contract).

As for seller concessions, I cannot imagine a broker would be willing to do that at his point - they would have to draw up a new contract, further delaying closing.
 
Many resale contracts say “only full asking price will be accepted”. I feel like that is just standard language as much as I have seen it. Would it be bad if I made an offer lower than asking?

You can always ask if they are accepting but I have my eye on a few and those owners are not accepting them. I told my broker to let me know if they ever change
 
I have a few questions for the ROFR team. One of the three contracts I was trying to buy seems to be struggling to close and we are rapidly approaching the closing date on the contract. The broker says it's the seller getting confused on what to sign and get notarized. As the market has dipped even more, I'd be happy to try again for a lower price I'm not too sad if I walk from this one.

So my questions:

What is considered closing? Just everything signed or does the deed have to be recorded by the date?

Should I express my intent to walk by the closing date if things don't get finalized by that date? Could I ask for a concession by the seller to extend closing or would this trigger another trip to ROFR?

Thanks in advance for any wisdom.

Date on the contract is when the contract has to be officially closed by the title company. It may or may not be the day it’s recorded.

I would let them know you will cancel if not closed on time, if that is what you prefer. Changes to the deal would most likely trigger ROFR…but not sure on that one.
 
We're similarly having a great experience with Nate. He's responded quickly to emailed questions and provided updates. I would definitely go back to his team again. Marcelo is also our processor and quickly answered an emailed question about title insurance.
Another +1 for Nate. He’s incredibly quick and cordial with his responses.
 
Probably a stupid question, but does the broker send the contract to rofr, or is it the title company?
 
Saratoga was sometimes referred to as resort of last resorts. Partly this term came from the fact that it was big enough it’s often the last one available so you could book often short notice. Others critique it as it’s one of the resorts that are bus only to parks and it’s fairly spread out so transport isn’t as desired as other comparable deluxes. That said post refurb I’ve heard lot of good things and many people I know who stay there really like it.
We have loved SSR when we have stayed there. We rent cars most of the time and the ability to pull right up to the room after a long day is awesome. I also really like the property for running / walking. We love each of the properties but when we had RCI we exchanged into this all the time and I came to really, really enjoy it.
 
We have loved SSR when we have stayed there. We rent cars most of the time and the ability to pull right up to the room after a long day is awesome. I also really like the property for running / walking. We love each of the properties but when we had RCI we exchanged into this all the time and I came to really, really enjoy it.
We love it, too. So quiet and serene ... my son always looks forward to going and playing some basketball, too. It feels like "home" to us.
 
Many resale contracts say “only full asking price will be accepted”. I feel like that is just standard language as much as I have seen it. Would it be bad if I made an offer lower than asking?
It’s not actually standard though from my experience. If you click through the different contracts you’ll see that not all small contracts have that line. I have however bid lower than asking twice on these and the first time I called in to talk to the broker. She said she could present it to the owner and they accepted. The second time I bid online and it was a straightforward no. So yes, some sellers probably have their bottom line. I would suggest calling in to the broker for these types of contracts.
 
Our contract was submitted 3/2 and didn’t pass until 3/16. Seems like some are going in a couple days while others are 2 weeks or so
 
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