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

[pangyal]

Day 41Red Dog Run---OKW sent 7/21 for 70 pts March: Contacted the broker to see how much of a pause having to complete an addendum due to a clerical error on the contract created. Waiting. I know they are busy. I'm like a child before Christmas because this is the FIRST I have ever submitted. Worked extra tutoring hours for this purchase. A LOT of extra hours.

Could you please repost your string using the tool on page 1 ?

 

[pangyal]

$107-$16780-150-BWV-Aug-0/19, 0/20, 137/21- sent 6/9 , passed 7/22

I did post this on 7/22 but it never made it to the updates. Hopefully it can get added to the "passed" thread for anyone looking for trends. It is a delayed closing until November.

I'd love to post this if you could please use the tool on page one

 

[Sandisw]

ROFR report available now

https://www.dvcresalemarket.com/blog/dvc-right-of-first-refusal-report-rofr-august-20-report/

22 from just this one broker so it seems like it was pretty active, seems like a lot to me.

 

[pangyal]

Updated!

 

[Bryan Burmeister]

How much money can they have? It feels awkward that they can't pay their employees, but they can buy up all these points. Granted, they can turn a profit on them, but how can they find buyers directly For so many points.

 

[Madmavis]

Addonitus is a real thing. Just put in an offer for a 50 point contract at SSR and it was accepted. So Christmas is cancelled this year

 

[mlittig]

Addonitus is a real thing. Just put in an offer for a 50 point contract at SSR and it was accepted. So Christmas is cancelled this year

Christmas is not cancelled, Madmavis, you just finished your shopping early this year

 

[Madmavis]

Christmas is not cancelled, Madmavis, you just finished your shopping early this year

That’s a better way of looking at it!

 

[Ruttangel]

Addonitus is a real thing. Just put in an offer for a 50 point contract at SSR and it was accepted. So Christmas is cancelled this year

This is so true,
Step 1. Lose patience with waiting for ROFR
Step 2. Start looking for a back up contract
Step 3. Put in a lowball offer that will never get accepted
Step 4. Oops it gets accepted
Step 5. Repeat Step 1

 

[Brianstl]

How much money can they have? It feels awkward that they can't pay their employees, but they can buy up all these points. Granted, they can turn a profit on them, but how can they find buyers directly For so many points.

I think they were clearing out their wait list and some restocking.

 

[mattburmeister]

How much money can they have? It feels awkward that they can't pay their employees, but they can buy up all these points. Granted, they can turn a profit on them, but how can they find buyers directly For so many points.

Maybe these direct buyers have more cash on hand by refinancing their mortgages?

 

[Madmavis]

This is so true,
Step 1. Lose patience with waiting for ROFR
Step 2. Start looking for a back up contract
Step 3. Put in a lowball offer that will never get accepted
Step 4. Oops it gets accepted
Step 5. Repeat Step 1

Well I put in the offer thinking the contract was probably already sold and that I would have a snowballs chance in hell. Boy was I surprised to get the call that the offer was accepted. Oops I guess we’re buying our second contract lol

 

[Delamarte19]

To update and close out our long but very happy wait........

delamarte19---$92-$23213-225-AKV-Jun-0/19, 450/20, 225/21- sent 6/8, passed 7/21

As a follow up to the above regarding timeline:
6/1 - Offer on AKV contract
6/8 - ROFR was sent
7/21 -Passed ROFR
7/29 - received request for closing information
7/30 - sent my information/payment (as buyer)
8/4 - Email from Title company that the transaction was finalized and recorded today (I thought it would take longer for this wait.....)
8/28- Email from DVC saying the contract has been added to my DVC account but will take another 7-10 to have the points added.
9/5 - Points showed up in my account (Saturday). I checked Friday but maybe they were added late in the day or it is an overnight process - I thought we would have to wait for after the holiday. It was a nice surprise.

So just a bit over 3 months from my initial offer to the points in my account (I was an existing DVC member - not sure if that matters). Glad I jumped on the contract when we did as I am not so sure it would make it through right now.......

Thanks again everyone

 

[macman123]

22 from just this one broker so it seems like it was pretty active, seems like a lot to me.

Yes. They say 16% taken but SSR only 2.1%.......

Would have thought it was higher given the 'taken' ones on the board.

 

[Sandisw]

Yes. They say 16% taken but SSR only 2.1%.......

Would have thought it was higher given the 'taken' ones on the board.

Maybe more SSR came from the other brokers out there?

 

[WestCoastDVC]

Yes. They say 16% taken but SSR only 2.1%.......

Would have thought it was higher given the 'taken' ones on the board.

where do they say 16% for August? I am just seeing 16.3% in 2019 for comparison but much smaller numbers this year.

 

[Lorana]

Well I put in the offer thinking the contract was probably already sold and that I would have a snowballs chance in hell. Boy was I surprised to get the call that the offer was accepted. Oops I guess we’re buying our second contract lol

Congrats! I know it isn't sent yet, but what are the details? We always love to know what offers people get!

 

[Red Dog Run]

Could you please repost your string using the tool on page 1 ?

Oh, I think it was already posted. This was just me whining that it takes so long!

 

[SherylLC]

To update and close out our long but very happy wait........

delamarte19---$92-$23213-225-AKV-Jun-0/19, 450/20, 225/21- sent 6/8, passed 7/21

As a follow up to the above regarding timeline:
6/1 - Offer on AKV contract
6/8 - ROFR was sent
7/21 -Passed ROFR
7/29 - received request for closing information
7/30 - sent my information/payment (as buyer)
8/4 - Email from Title company that the transaction was finalized and recorded today (I thought it would take longer for this wait.....)
8/28- Email from DVC saying the contract has been added to my DVC account but will take another 7-10 to have the points added.
9/5 - Points showed up in my account (Saturday). I checked Friday but maybe they were added late in the day or it is an overnight process - I thought we would have to wait for after the holiday. It was a nice surprise.

So just a bit over 3 months from my initial offer to the points in my account (I was an existing DVC member - not sure if that matters). Glad I jumped on the contract when we did as I am not so sure it would make it through right now.......

Thanks again everyone

THIS is amazing all the way around!

 

[SherylLC]

This is so true,
Step 1. Lose patience with waiting for ROFR
Step 2. Start looking for a back up contract
Step 3. Put in a lowball offer that will never get accepted
Step 4. Oops it gets accepted
Step 5. Repeat Step 1

Right??? I bought my absolute last contract three contracts ago!