ROFR Thread January to March 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Divaofdisney]

Hi there everyone! I am just finding this thread. I am waiting on my first contract through resale on OKW 190 points. It has only been a week so I know I have a long wait but I am excited and waiting to hear anxiously. How long is it approximately before Disney waives the right and the points are put in for you to access? I am just trying to figure the timeline. Thank you so much.

 

[kes601]

Hi there everyone! I am just finding this thread. I am waiting on my first contract through resale on OKW 190 points. It has only been a week so I know I have a long wait but I am excited and waiting to hear anxiously. How long is it approximately before Disney waives the right and the points are put in for you to access? I am just trying to figure the timeline. Thank you so much.

Probably something best asked to who you are buying them through, but we were told anywhere from 50-90 days for the whole process. ROFR seems to be taking 3-4 weeks right now.

 

[Divaofdisney]

Yes that is what I have been seeing as well on the FB group. I am trying to be patient but gosh the waiting is so hard

 

[Divaofdisney]

divaofdisney---$104-$19760-190-OKW-Apr-0/20, 380/21, 190/22-Closing costs figured into price- sent 2/9

 

[RedFive]

Hi there everyone! I am just finding this thread. I am waiting on my first contract through resale on OKW 190 points. It has only been a week so I know I have a long wait but I am excited and waiting to hear anxiously. How long is it approximately before Disney waives the right and the points are put in for you to access? I am just trying to figure the timeline. Thank you so much.

On average, it's been been taking about 3 weeks for the ROFR process. This is what I received from my broker when my contract was sent to ROFR:

Here are the next steps:

1) We will contact you as soon as we hear from Disney on their Right of First Refusal. Historically, Disney has given decision within 30 days, but this is a general guideline and not a hard and fast rule.
2) About 2-3 weeks after waiver, Disney will issue the estoppel certificate to the title company.
3) Once the title company receives the estoppel they can prepare and send the closing documents to you.
4) Once the documents are returned by both parties, the title company can close the contract and you will be notified.
5) Lastly, the contract is recorded and a copy sent to Disney for Membership activation which typically takes 14-21 days, after which Disney will send you your new Membership info by mail. Please note: Due to COVID19, this process could take up to 45-60 days as Disney has notified us they have made significant reductions in staffing and those Cast Members that remain are working remotely.

Typically, it takes 50-80 days start to finish

 

[Divaofdisney]

Yes I received that same notification as well- we are going thru DVC resale market. Great to work with. It is sad that the process has to take so long. Oh well, in the end its worth it because of the price.

 

[isthisanything]

Yes I received that same notification as well- we are going thru DVC resale market. Great to work with. It is sad that the process has to take so long. Oh well, in the end its worth it because of the price.

I'm going through the process of our first resale offer as well, and I will say that the other thread that is extremely helpful is the Closing Time thread - it gives you a good idea of what's happening from the time people are getting their offers accepted through passing ROFR to closing and then to the points showing up in their account. As soon as I pass ROFR (thinking positively), I'll be adding data to that thread as well.

 

[monorailmom]

Hooray, we passed!!

Monorailmom---$110-$19557-160-AKV-Dec-55/19, 160/20, 160/21, 160/22- sent 1/24, passed 2/17

 

[stacie_d]

Finally passed today 2/11. (After broker contacted them again yesterday afternoon because of our extended wait)

Stacie_d---$135-$21977-150-CCV@WL-Dec-0/20, 150/21, 150/22- sent 12/24, passed 2/11

And somehow we closed today... Deed has been sent to the clerk for recording. I expected to be waiting a few more weeks for the estoppel from Disney.

 

[Divaofdisney]

And somehow we closed today... Deed has been sent to the clerk for recording. I expected to be waiting a few more weeks for the estoppel from Disney.

This is amazing I hope this happens to us!! Congrats!!

 

[JoshF]

And somehow we closed today... Deed has been sent to the clerk for recording. I expected to be waiting a few more weeks for the estoppel from Disney.

That's fast! Who did you use?

 

[theducks1]

I'm going through the process of our first resale offer as well, and I will say that the other thread that is extremely helpful is the Closing Time thread - it gives you a good idea of what's happening from the time people are getting their offers accepted through passing ROFR to closing and then to the points showing up in their account. As soon as I pass ROFR (thinking positively), I'll be adding data to that thread as well.

Are there instructions for adding data to the Closing Time thread? I looked through the first few pages with no luck.

 

[RedFive]

And somehow we closed today... Deed has been sent to the clerk for recording. I expected to be waiting a few more weeks for the estoppel from Disney.

Sounds to me that you passed ROFR much earlier than they said Congrats!

 

[stacie_d]

Sounds to me that you passed ROFR much earlier than they said Congrats!

That’s what I’m thinking...but at least I’m not still waiting. . I didn’t think it would ever end.

 

[stacie_d]

That's fast! Who did you use?

Jeff Sweet was the closing attorney. We bought it through DVC by resale.

 

[princesscinderella]

divaofdisney---$104-$19760-190-OKW-Apr-0/20, 380/21, 190/22-Closing costs figured into price- sent 2/9

You need to use the link to the ROFR formatting tool to report your contract details so it will match exactly all the others. It’s in the first post of this thread. You put the details in and it will generate a string of data you copy and paste into this thread

 

[CookieandOatmeal]

Are there instructions for adding data to the Closing Time thread? I looked through the first few pages with no luck.

I just used a post in the back of the thread for format and put in my own details.

 

[mommy2allyandaveri]

I'm sad to say that I'm not off to a great start with Fidelity/First American Title. They are definitely not as efficient as the other company I was working with.

Mason Title was so quick to have all forms completed electronically and fast to send to ROFR.

Fidelity/First American does not seem to have any sense of urgency at all.

 

[princesscinderella]

I'm sad to say that I'm not off to a great start with Fidelity/First American Title. They are definitely not as efficient as the other company I was working with.

Mason Title was so quick to have all forms completed electronically and fast to send to ROFR.

Fidelity/First American does not seem to have any sense of urgency at all.

I totally feel your pain. I had an offer accepted on Friday and received and signed the contract immediately. The sellers still haven’t signed and it seems they were never sent their signature requests. I was assured that they sent it again to the sellers for signature today. We will see what tomorrow brings. It’s a loaded contract so I’m trying hard to be patient.

 

[macman123]

Mason Title was so quick to have all forms completed electronically and fast to send to ROFR.

I have 12 contracts and I used Mason for most of them. By far the best and quickest.