ROFR Thread July to Sept 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[MICKIMINI]

I just received closing documents this morning that passed ROFR yesterday. There is no way the seller has even read the documents let alone had them notarized! I always confirm with the closing company that I will send funds when they have the sellers documents in hand. I had a long wait for 4-5 weeks at one point and won't make that mistake again!

 

[Ginamarie]

Can I just ask you wise resalers! I got my ROFR passed yesterday and today I am being asked to send the funds. Seems a bit fast, when do you usually send the funds to the Escrow company? First timer here.

It's normal for them to ask. I sent my balance a couple of days after ROFR passed. At that time, we needed appointments to go to the bank for certified checks. I fed exed it and we closed a few days later.

 

[E2ME2]

Can I just ask you wise resalers! I got my ROFR passed yesterday and today I am being asked to send the funds. Seems a bit fast, when do you usually send the funds to the Escrow company? First timer here.

I did this on my first resale, only to have them sit on that money for several weeks.
On my last resale I waited to send the funds until they had the notarized sellers' signatures, and confirmed the closing date.
... & They didn't have any problem with that.

 

[Chia1974]

I used to send right away, but my most recent purchase, I did not send until the seller returned documents. I just told the title company to inform me. I did sign and send back all the documents the next day when I got closing papers.

I was glad I did because my seller took 1 month to get things signed.

Same here. I sent it right away for my first resale but seller was in US. I’m waiting to send the one in closing now because seller is international and it will take extra time for them to complete the docs.

 

[mainstreetcharlotte]

Thanks everyone, I have asked for confirmation of the sellers notarised documents and then I will send over the funds straight away.

 

[disneyforsix]

More bad news tonight. This is the 3rd one they’ve taken. I keep raising my offers, but obviously not high enough.

Rayspooh---$125-$21816-160-SSR-Jun-0/20, 160/21, 160/22- sent 7/15, taken 8/5

ooof - I have one in rofr sent 7/10 for same price per point @SS and haven't heard back. I'm sure mine will be taken soon as well. Oh well, on to the next!

 

[Quiltsndisney]

Thanks everyone, I have asked for confirmation of the sellers notarised documents and then I will send over the funds straight away.

I have heard nothing since I passed Rofr earlier this week. Which firm are you using? I am with mason title.

 

[Chia1974]

More bad news tonight. This is the 3rd one they’ve taken. I keep raising my offers, but obviously not high enough.

Rayspooh---$125-$21816-160-SSR-Jun-0/20, 160/21, 160/22- sent 7/15, taken 8/5

My SSR passed at the end of June same price and double points for 21. You just don’t know what they want. So sorry
They already up to 7/15! I have one in 7/12.

 

[andeesings]

AlldayidreamofDisney---$154-$16520-100-CCV@WL-Sep-0/20, 64/21, 100/22, 100/23- sent 7/31

Man all these sub 160 CCV contracts makes me annoyed I feel like I overpaid.

 

[Ginamarie]

Man all these sub 160 CCV contracts makes me annoyed I feel like I overpaid.

Don't beat yourself up! If you were happy with the price when you agreed to it, stick with that feeling.


Seeing 7/15 decisions is promising that maybe they're catching up on ROFRs. I'm starting to have pipe dreams where we get our points before 9/30 and can schedule something last minute at the end of Sept with the expiring points. It's not going to happen but it's a nice dream.

 

[mainstreetcharlotte]

I have heard nothing since I passed Rofr earlier this week. Which firm are you using? I am with mason title.

How strange, I’m Mason Title too.

 

[dfan_welcomehomeall_19]

How strange, I’m Mason Title too.

I know things were impacted but the shutdown but now I’m wondering if I made the right call going with mason for my last BLT contract in for ROFR. The one prior I used Jeffrey sweet and they were prompt with all info and had good communication

 

[zobel0022]

My SSR passed at the end of June same price and double points for 21. You just don’t know what they want. So sorry
They already up to 7/15! I have one in 7/12.

Mine is for same price with double points for 21 but submitted 2 days earlier…not a good sign

 

[achinforsomebacon]

I agree with holding funds until the seller sends in the notorized documents, but if you're under a time crunch, I would consider sending the money if the title company says they should have the papers soon.

We wanted to have everything wrapped up before the July shutdown because our 30 day holding period was during that time and we wanted to reallocate to use points from the new contract. We kept waiting and finally we were notified that they had the seller's paperwork....at 6pm on a Friday. I could initiate a wire at that point but it wouldn't be processed until Monday morning. In this situation, I probably would have sent the money Thursday or Friday if the title company said they were expecting the papers since every day counted.

Everything ended up working out for us but it was stressful not knowing if we would get done in time.

 

[disneyforsix]

Mine is for same price with double points for 21 but submitted 2 days earlier…not a good sign

Same - I reached out to my broker for an update, and they said they lost one at $128 yesterday. And that maybe Disney is holding decisions waiting to see what all comes in, and cherry picks contracts from the group. I am hoping they do not need any points for a Dec UY.

 

[princesscinderella]

Princesscinderella---$131-$13635-100-OKW(E)-Apr-0/20, 0/21, 100/22- sent 8/6

Here we go again I gave up on SSR with all the buy backs. We have a 200 point non extended OKW that we inherited so I wanted to add a few more points to keep going to past 2042. I’m hoping that in 10 years they give OKW owners another chance to extend their contracts that expire in 42’.

 

[Taffel]

I know things were impacted but the shutdown but now I’m wondering if I made the right call going with mason for my last BLT contract in for ROFR. The one prior I used Jeffrey sweet and they were prompt with all info and had good communication

Thanks! This is good to know. I am currently waiting on ROFR for two contracts... one is being done by Jeffery Sweet and the other by Mason Title.

 

[Ginamarie]

Princesscinderella---$131-$13635-100-OKW(E)-Apr-0/20, 0/21, 100/22- sent 8/6

Here we go again I gave up on SSR with all the buy backs. We have a 200 point non extended OKW that we inherited so I wanted to add a few more points to keep going to past 2042. I’m hoping that in 10 years they give OKW owners another chance to extend their contracts that expire in 42’.

I saw this contract and thought it was a good one. Congrats on the accepted offer.

 

[Bearval]

Princesscinderella---$131-$13635-100-OKW(E)-Apr-0/20, 0/21, 100/22- sent 8/6

Here we go again I gave up on SSR with all the buy backs. We have a 200 point non extended OKW that we inherited so I wanted to add a few more points to keep going to past 2042. I’m hoping that in 10 years they give OKW owners another chance to extend their contracts that expire in 42’.

I am sure they will @ 170.00 per point or higher. All joking aside I honestly can see them offering like a 30% discount off the going rate for adding the 15 year extension when the 2042 contracts have less than 5 years left then they would also now be blue card eligible.

 

[tlstar14]

My SSR passed at the end of June same price and double points for 21. You just don’t know what they want. So sorry
They already up to 7/15! I have one in 7/12.

Mine was submitted on 7/7 and have not heard yet.