ROFR Thread January to March 2019 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[KPeterso]

Good or Bad...

I was sent on 1/7 and I'm seeing contracts sent later, i.e. 1/10

Mine was submitted 1/9 and I also have not heard. I am thinking mine will be taken as it was a good price for AKV for the contract size I was looking at.

 

[DanCio]

most recent experience would say that's not good BUT don't lose hope yet! It's not over til it's over...

It was at a good price per point, $95, at SSR but it only had 49 banked points from 2018 and none from 2019 points with a June Use Year.

 

[DanCio]

How long does Disney have to review a contract? I know everyone says 30 days but I've seen people saying some times it takes longer. I'm not talking about those with contract addendums though. I would think there's some limit on the time they can sit on a contract.

 

[meekey7197]

It was at a good price per point, $95, at SSR but it only had 49 banked points from 2018 and none from 2019 points with a June Use Year.

Fingers crossed for you! Maybe with that odd point allotment they will pass on it!

 

[DduzDis]

How long does Disney have to review a contract? I know everyone says 30 days but I've seen people saying some times it takes longer. I'm not talking about those with contract addendums though. I would think there's some limit on the time they can sit on a contract.

They have until the closing date listed on the contract.

 

[Chrisv28]

How long does Disney have to review a contract? I know everyone says 30 days but I've seen people saying some times it takes longer. I'm not talking about those with contract addendums though. I would think there's some limit on the time they can sit on a contract.

Disney technically has up until the contract closing date to refuse ROFR, but it generally takes around 30-40 days from what I've noticed. On their website, their estimate is about a month or longer.

 

[DanCio]

Fingers crossed for you! Maybe with that odd point allotment they will pass on it!

That was why I submitted the offer, it's nearly stripped. I go about 3 to 4 times a year now and only from Sunday to Tuesday or Wednesday normally so I can get something someplace with the banked points this year and borrow for a 2nd trip from the 2020 points.

 

[MickeyTrooper]

My took less than a month..

 

[mlittig]

denisedsny---$103-$17042-150-SSR-Aug-150/18, 150/19, 150/20- sent 1/7, passed 1/25

posting again -- so it is formatted correctly.

This was such a fast process. 1/7 submitted, 1/25 passed, 1/28 closing documents received, 2/6 closing completed -- now just waiting for Disney to send membership card and put points in account. I want to bank 2018 points into 2019...

I can't believe how fast our process went, too!

Submitted: 1/2/19
Passed: 1/23/19
Closing Documents Received: 1/25/19
Closed: 2/4/19
Deed Recorded: 2/5/19

Just waiting to hear from Disney! How long does that normally take?

This process was so much easier than buying a house!

Denisedsny and EAHajd, I am curious what title company you each used With my other contracts, I had my closing documents within days But this time with First American Title Company, it has been two weeks (passed on 1/22) and nothing The e-mail the broker from Fidelity sent said it would be 4 weeks I didn't think anything of it because I knew that hundreds of contracts were submitted in order to beat the January 19th deadline but now I am seeing these fast closings

 

[JamesA1]

Received exciting news.

jamesa1---$142-$5718-35-BLT-Feb-0/18, 35/19, 35/20, 35/21- sent 1/11, passed 2/7

 

[DanCio]

That was why I submitted the offer, it's nearly stripped. I go about 3 to 4 times a year now and only from Sunday to Tuesday or Wednesday normally. I've gone once already paying cash. So I can get something someplace with the banked points this year and borrow for a 2nd trip from the 2020 points.

Disney technically has up until the contract closing date to refuse ROFR, but it generally takes around 30-40 days from what I've noticed. On their website, their estimate is about a month or longer.

My contact says close by 3/5. So if Disney loses the contract, I can close on or after 3/5?

 

[DduzDis]

Received exciting news.

jamesa1---$142-$5718-35-BLT-Feb-0/18, 35/19, 35/20, 35/21- sent 1/11, passed 2/7

Congratulations! Looks like they are wading through...

 

[TexasChick123]

Mine was submitted 1/9 and I also have not heard. I am thinking mine will be taken as it was a good price for AKV for the contract size I was looking at.

Your info string says you are buying BLT. ???

 

[EAHajd]

Denisedsny and EAHajd, I am curious what title company you each used With my other contracts, I had my closing documents within days But this time with First American Title Company, it has been two weeks (passed on 1/22) and nothing The e-mail the broker from Fidelity sent said it would be 4 weeks I didn't think anything of it because I knew that hundreds of contracts were submitted in order to beat the January 19th deadline but now I am seeing these fast closings

I went through DVC Resale Market and they sent it to Jeffrey Sweet for the Title.

Hope this helps!

 

[Denisedsny]

Denisedsny and EAHajd, I am curious what title company you each used With my other contracts, I had my closing documents within days But this time with First American Title Company, it has been two weeks (passed on 1/22) and nothing The e-mail the broker from Fidelity sent said it would be 4 weeks I didn't think anything of it because I knew that hundreds of contracts were submitted in order to beat the January 19th deadline but now I am seeing these fast closings

We purchased thru the Timeshare store - and they used Mason Title and Escrow Company.

 

[Chrisv28]

I went through DVC Resale Market and they sent it to Jeffrey Sweet for the Title.

Hope this helps!

- I went through DVC Resale Market and mines with Magic Vacation Title

 

[Lumpy1106]

Oh my gosh, we heard back today, and I'm thrilled to report:

BlondeBelle---$133-$25255-185-BLT-Jun-0/17, 0/18, 7/19, 185/20- sent 1/10, passed 2/6

I'm SO BEYOND EXCITED!!

Congrats! That's a great price! Oh, to be a fly on the wall in the ROFR room. Based on the latest ROFR reports I would have bet against anything @ BLT under $140 passing. Maybe the increase in the direct price drove down the demand? Could be that's what they intended with CCV getting near 100% sell-out and RIV coming into play? Just worthless speculation on my part...

 

[suemom2kay]

suemom2kay---$140-$4017-25-BWV-Oct-0/17, 0/18, 25/19, 25/20- sent 2/6

Seller pays 2018 maintenance fees.

 

[ScubaCat]

denisedsny---$103-$17042-150-SSR-Aug-150/18, 150/19, 150/20- sent 1/7, passed 1/25

posting again -- so it is formatted correctly.

This was such a fast process. 1/7 submitted, 1/25 passed, 1/28 closing documents received, 2/6 closing completed -- now just waiting for Disney to send membership card and put points in account. I want to bank 2018 points into 2019...

They don't send a membership card; just a piece of paper with your membership number (unless you're an existing owner and requested a card separately. ) Nevertheless, Congrats!

 

[carli_h]

Amazing! So pleased to see so many contracts waived. Fingers crossed for everyone waiting