ROFR Thread July to Sept 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[lindah0ang]

lindah0ang---$89-$20995-200-AUL-Aug-0/19, 200/20, 200/21, 200/22- sent 7/14, passed 8/18

Greatest news ever!

 

[HMfan82]

Hmfan82---$156-$16811-100-VGF-Feb-0/19, 3/20, 200/21, 100/22- sent 7/14, passed 8/18

Just got the email a few minutes ago!

 

[Liquidice]

Wow exciting, I'm constantly checking my email now hoping to hear back on mine

 

[sbarisch]

sbarisch---$117-$24732-200-BWV-Jun-0/19, 81/20, 200/21, 200/22- sent 8/18 - and the waiting begins!

 

[dfan_welcomehomeall_19]

Wow exciting, I'm constantly checking my email now hoping to hear back on mine

Me too! Anyone hear from fidelity today?

 

[Jon84]

Me too! Anyone hear from fidelity today?

They were very slow at getting back to us on emails, keep chasing!

 

[WestCoastDVC]

WestCoastDVC---$97-$25722-250-AUL-Jun-0/19, 85/20, 250/21, 250/22-Subsidized dues- sent 7/10, passed 8/18

 

[Lorana]

While I know my experience is not necessarily typical lately, the wait wasn't as bad as expected and it is speeding up. We closed on 7/13 and had my contract show up on 8/14 with points loaded 8/15. And that is all from a new member. So they are picking up the pace a bit post closing.

It feels a bit like you got lucky, as there are some folks earlier than you still waiting on contracts to show and/or points to get loaded. I had a contract close on 7/15, but I still don't have the contract showing up. Here's hoping it's soon! And congrats on getting your points so quickly!

 

[becauseimnew]

It feels a bit like you got lucky, as there are some folks earlier than you still waiting on contracts to show and/or points to get loaded. I had a contract close on 7/15, but I still don't have the contract showing up. Here's hoping it's soon! And congrats on getting your points so quickly!

Gosh, I know they are understaffed but they really need to speed things up.

 

[dfan_welcomehomeall_19]

I’m starting to wonder if they place higher priority on resort vs date ROFR submitted. We’ve recently seen a AKV take 60 days to pass! SSR last had a passing ROFR contract pass 8/3 according to this thread. Many of the other resorts had ROFR waives since then irrespective of submission date

just my speculation but it appears to me they take a range of submission dates for each resorts decide on those then move on to the next. I don’t think FILO (first in last out) across all DVC resorts is how they are doing it.

 

[limace]

I would totally feeL the same way if I was waiting, but remember Disney has no real incentive to move contracts through quickly. If they delay and it drives you to direct (and we’ve seen that happen on these boards), I’m sure they see it as a win.

 

[GinoNL]

GinoNL---$142-$7635-50-PVB-Dec-0/19, 0/20, 50/21-Seller pays MF '20- sent 8/12

 

[dfan_welcomehomeall_19]

I would totally feeL the same way if I was waiting, but remember Disney has no real incentive to move contracts through quickly. If they delay and it drives you to direct (and we’ve seen that happen on these boards), I’m sure they see it as a win.

Makes sense. I bought my first contract direct (CCV) to get membership extras. For me, I’ve always considered resale as the vehicle to “add on” I know it’s the price of doing business this way and the pros ($$) outway the cons (waiting). I will say the two processes and experiences are night and day

 

[jbreen2010]

I’m starting to wonder if they place higher priority on resort vs date ROFR submitted. We’ve recently seen a AKV take 60 days to pass! SSR last had a passing ROFR contract pass 8/3 according to this thread. Many of the other resorts had ROFR waives since then irrespective of submission date

just my speculation but it appears to me they take a range of submission dates for each resorts decide on those then move on to the next. I don’t think FILO (first in last out) across all DVC resorts is how they are doing it.

Makes sense to me! If they are thinking "i need to buy 2000 points at SSR", you would wait a few weeks to see all of the contracts come through to pick a few of the best offers before making a selection. I was wondering too if the maintenance fees have anything to do with it. Say it's a September use year and you're about to get 200 points and disney sees a contract come through saying seller to pay full year of maintenance fees....well i'd scoop that one up too b/c you can take the points and have pre-paid maintenance fees.

 

[Hopfather28]

It feels a bit like you got lucky, as there are some folks earlier than you still waiting on contracts to show and/or points to get loaded. I had a contract close on 7/15, but I still don't have the contract showing up. Here's hoping it's soon! And congrats on getting your points so quickly!

I'll take luck over skill any day. But seriously, I hope you and everyone waiting hears soon.

 

[EM Lawrence]

I would totally feeL the same way if I was waiting, but remember Disney has no real incentive to move contracts through quickly. If they delay and it drives you to direct (and we’ve seen that happen on these boards), I’m sure they see it as a win.

If they are intentionally slow walking the process on resale, then what they are doing is WRONG and they need to be called out on it. It’s one thing to take 60+ days to waive ROFR, that is annoying, but not wrong, it is another to make a member wait 6 weeks before allowing access to property that they have bought and paid for. The member dues are still being collected. Why aren’t they all working?

 

[dfan_welcomehomeall_19]

If they are intentionally slow walking the process on resale, then what they are doing is WRONG and they need to be called out on it. It’s one thing to take 60+ days to waive ROFR, that is annoying, but not wrong, it is another to make a member wait 6 weeks before allowing access to property that they have bought and paid for. The member dues are still being collected. Why aren’t they all working?

Agreed and good points! I’m definitely not implying point transfer after closing and awaiting ROFR are the same. One thing to keep in mind though is even on the ROFR deals, deposits (in my case $1k) are held in escrow until closing. I would get it back if they exercise ROFR but still have some skin in the game. It also can have a trickle affect. ROFR delays can lead to closing delays which can lead to ever more delays regarding point transfers

 

[EM Lawrence]

Agreed and good points! I’m definitely not implying point transfer after closing and awaiting ROFR are the same. One thing to keep in mind though is even on the ROFR deals, deposits (in my case $1k) are held in escrow until closing. I would get it back if they exercise ROFR but still have some skin in the game. It also can have a trickle affect. ROFR delays can lead to closing delays which can lead to ever more delays regarding point transfers

You are right. I was not even thinking about the deposit money being held in escrow. I’d like to amend my complaint that they are making you wait 6 weeks plus up 10 business days, for a total of TWO MONTHS possibly, to get access to property that you own.

 

[Sandisw]

If they are intentionally slow walking the process on resale, then what they are doing is WRONG and they need to be called out on it. It’s one thing to take 60+ days to waive ROFR, that is annoying, but not wrong, it is another to make a member wait 6 weeks before allowing access to property that they have bought and paid for. The member dues are still being collected. Why aren’t they all working?

It was posted that they get 12% of the operating budget to fund DVMC. While we don’t know for sure, there could be things that end up being a credit for 2020..therefore, the budget will need to be amended and that 12% would no longer be enough to cover the year without having put in the furlough.

It is frustrating but at least those closing now should see a few weeks less in timeline.

 

[EM Lawrence]

It was posted that they get 12% of the operating budget to fund DVMC. While we don’t know for sure, there could be things that end up being a credit for 2020..therefore, the budget will need to be amended and that 12% would no longer be enough to cover the year without having put in the furlough.

It is frustrating but at least those closing now should see a few weeks less in timeline.

I’m not trying to be rude, I promise, but I don‘t understand your meaning here. Do you mean that DVCM might credit owners so much money that it will disrupt their ability to pay staff, and therefore the furloughs were necessary? That doesn’t seem to make any sense to me. But if you are confirming that DVCM pays the administrative staff through money collected from member dues, then I stand firm in my point that none of this delay is necessary. Perhaps it was justified during the initial shutdown when nobody knew what was going on, and companies were adjusting to employees working from home, but at this point I just don’t understand how it could be justified. But perhaps I have misinterpreted your post.

@Sandisw edited to add that I see there is a discussion on this very topic happening over on the Member Services Forum, so I’m going to continue it over there!