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

[BattyKoda]

For those who are waiting for the contract to be sent to rofr (like myself) what broker are you using? I’m using http://fidelityrealestate.com/. I was curious if it’s a broker thing. I talked to the listing agent yesterday and he seemed frustrated that he had to micromanage to make sure things were moved along timely… not sure if it might be the same person holding all of us up

http://fidelityrealestate.com/ took a week to send our signed contract out to ROFR.

 

[TinkB278]

It’s good to know some brokers are just slow and it doesn’t mean there’s any sort of issue. I just want my contract sent in case Disney decides to start rofring in April!

 

[E2ME2]

Fidelity strikes again. Y’all should get refunds on that admin fee, because clearly no administration is going on!

I hate to buck this trend of bashing Fidelity https://www.fidelityrealestate.com/
& I am definitely not an apologist for Fidelity, as I have encountered delays through them in the past.
However, on my current resale purchase, Fidelity moved everything quickly, and I got through ROFR
within 13 days of offer acceptance (and then another couple days to submit paperwork to the Title. Company)
That's when my real delays began: Using Mason https://www.masontitle.com/
for the first time, and had high expectations, but they dropped the ball. I checked with them weekly to see if they had received seller's paperwork, and after 2 weeks, I reached out to Fidelity and had the agent contact the seller, only to find that Mason had sent the paperwork to an incorrect address. So Fidelity actually recovered Mason's fumble on this one. I just got off the phone with Mason, and they finally have the sellers' docs. (but they did not notify me, as requested, I had to call to confirm). They have Closing scheduled for 3/27 (That's 32 Days ARO ROFR)!, because closings are "scheduled in the order received". I politely reminded them that their miscommunication cost me 2+ weeks, and asked if they could accelerate my closing date, as I am already inside the 11Mo. window for my planned use of those points! I hope they are able to do so; they told me they would advise if that could be done, otherwise I'm stuck at 3/27.
SO - "said all that to say this" : I'm neither bashing Mason. nor praising Fidelity, because I understand the current environment has flooded everyone. But I do see lots of people on these boards always bashing Fidelity & praising Mason and, therefore, I have to wonder how many of them have a hidden agenda in doing so.........

 

[Jobelly]

My contract went to ROFR on 14th March, should I be expecting to hear soon? It seemed as though some were going through super quick but I don’t know if that’s still the case.

 

[pianomanzano]

I hate to buck this trend of bashing Fidelity https://www.fidelityrealestate.com/
& I am definitely not an apologist for Fidelity, as I have encountered delays through them in the past.
However, on my current resale purchase, Fidelity moved everything quickly, and I got through ROFR
within 13 days of offer acceptance (and then another couple days to submit paperwork to the Title. Company)
That's when my real delays began: Using Mason https://www.masontitle.com/
for the first time, and had high expectations, but they dropped the ball. I checked with them weekly to see if they had received seller's paperwork, and after 2 weeks, I reached out to Fidelity and had the agent contact the seller, only to find that Mason had sent the paperwork to an incorrect address. So Fidelity actually recovered Mason's fumble on this one. I just got off the phone with Mason, and they finally have the sellers' docs. (but they did not notify me, as requested, I had to call to confirm). They have Closing scheduled for 3/27 (That's 32 Days ARO ROFR)!, because closings are "scheduled in the order received". I politely reminded them that their miscommunication cost me 2+ weeks, and asked if they could accelerate my closing date, as I am already inside the 11Mo. window for my planned use of those points! I hope they are able to do so; they told me they would advise if that could be done, otherwise I'm stuck at 3/27.
SO - "said all that to say this" : I'm neither bashing Mason. nor praising Fidelity, because I understand the current environment has flooded everyone. But I do see lots of people on these boards always bashing Fidelity & praising Mason and, therefore, I have to wonder how many of them have a hidden agenda in doing so.........

If by hidden agenda you mean simply reminding people of what they've done in the past then sure I have a (not so) hidden agenda. I get that 95% of their resales go through smoothly, but that 5% that gets shared here on the disboards of incorrectly listed contracts (incorrect points, UYs, listing 2042 OKW as an OKWe, etc) and the contract addendums they push on people afterwards hoping problems would go away (as well as promising to refund admin fees, but reneged on) should be properly called out.

They have some of the lowest prices on the market and get a lot of business. For those newer to the boards they should be aware of these kinds of things and exercise caution (take screenshots of listings, read contracts carefully, include clauses that ensure compensation to the buyer for any missing points, etc). Sure, it could happen with any of the brokers (I've also seen examples here of errors from the board sponsor and what they've done to rectify things as well) and buyers should be doing as much due diligence as possible when purchasing resale. I don't have a preference towards once broker or another, all 4 of my resale contracts are from 4 different brokers, some of whom can't be listed on the boards and have never had any issues with them. I actively try to avoid their listings because great deals can be had anywhere, and I'd rather do so with a broker I'd feel safer with if an issue were to arise (and won't charge an admin fee on top!).

 

[DonMacGregor]

If by hidden agenda you mean simply reminding people of what they've done in the past then sure I have a (not so) hidden agenda. I get that 95% of their resales go through smoothly, but that 5% that gets shared here on the disboards of incorrectly listed contracts (incorrect points, UYs, listing 2042 OKW as an OKWe, etc) and the contract addendums they push on people afterwards hoping problems would go away (as well as promising to refund admin fees, but reneged on) should be properly called out.

Plus, the title company is provided the buyer and seller's contact information (phone number, address, email, etc.) by the broker, so if Mason had the wrong address, there's a pretty decent chance they got that bad address info from Fidelity. There have been more than a few reports of Fidelity "fixing" issues that were actually of their own doing (like the aforementioned addendums).

 

[I Run Long]

I couldn't agree more about Fidelity. I used them once and that was enough. They said that if Disney exercised ROFR my deposit could stay with them and be put towards another contract if I liked. I sent them this email on Nov 5, 2020:

"I see I got a refund for the $1500 deposit onto my credit card from the title company. I'm assuming then that Disney exercised their ROFR? What a bummer. Guess we are back to the drawing board."

I'm still waiting to hear back from them

Yeah - never again.

 

[AnnaKristoff2013]

Fidelity strikes again. Y’all should get refunds on that admin fee, because clearly no administration is going on!

Even with the $225 admin fee, Fidelity is literally thousands less than the inflated prices on www.dvcresalemarket.com, and the contracts aren't stripped.

 

[TinkB278]

Even with the $225 admin fee, Fidelity is literally thousands less than the inflated prices on www.dvcresalemarket.com, and the contracts aren't stripped.

That’s the kicker. I’d rather deal with the hassle of having to email them than to pay a few thousand extra dollars. My time is valuable but it’s not THAT valuable lol.

 

[pianomanzano]

Even with the $225 admin fee, Fidelity is literally thousands less than the inflated prices on www.dvcresalemarket.com, and the contracts aren't stripped.

No one's saying you have to buy from dvcresalemarket.com, let alone put in an offer at the listing price. Plenty of brokers out there with cheaper listings. My current contract in ROFR for a loaded BRV contract from ****************.com cheaper by $20pp than the cheapest listing from any broker and $25pp cheaper than fidelity's lowest listing for the same resort.

 

[TinkB278]

TinkB278---$105- $12156-100-AKV-Feb-99/23, 100/24, 100/25- sent 3/21

Yay! I guess my email this morning got things rolling.

 

[ClaraOswald]

My contract went to ROFR on 14th March, should I be expecting to hear soon? It seemed as though some were going through super quick but I don’t know if that’s still the case.

Mine was sent on Saturday, March 11th and we heard it passed ROFR yesterday, the 20th.

 

[Jobelly]

Mine was sent on Saturday, March 11th and we heard it passed ROFR yesterday, the 20th.

So assuming business days they would have gotten it 13th so we might hear today or tomorrow if it follows that way. I suppose it depends how many they have.

 

[pianomanzano]

pianomanzano---$75-$23132-270-BRV@WL-Jun-0/22, 540/23, 270/24- sent 3/13, passed 3/21

Yay, Christmases at the lodge!

 

[Morganjacar]

Morganjacar---$80-$12000-150-SSR-Jun-150/22, 300/23, 150/24-Seller pays closing- sent 3/8

Morganjacar---$80-$12000-150-SSR-Jun-150/22, 300/23, 150/24-Seller pays closing- sent 3/13, passed 3/21

Updated with date send to ROFR. I'm actually a little surprised this passed,

 

[DonMacGregor]

pianomanzano---$75-$23132-270-BRV@WL-Jun-0/22, 540/23, 270/24- sent 3/13, passed 3/21

Yay, Christmases at the lodge!

Always the best...

 

[Jobelly]

Morganjacar---$80-$12000-150-SSR-Jun-150/22, 300/23, 150/24-Seller pays closing- sent 3/13, passed 3/21

Updated with date send to ROFR. I'm actually a little surprised this passed,

Wow $80 I feel a little cheated now with mine at $96 especially as mine is down 21points for this year.

 

[77NWD]

77NWD---$135-$18507-125-CCV@WL-Oct-0/21, 0/22, 192/23, 125/24- sent 3/13, passed 3/21

Christmas at the lodge as well!

 

[Pinphila]

Just put in an offer which was accepted by seller through Fidelity. Evy had the docs out in the same day.

FWIW

 

[TinkB278]

Just put in an offer which was accepted by seller through Fidelity. Evy had the docs out in the same day.

FWIW

She had the documents to rofr in the same day? I got my initial paperwork very quickly too.