ROFR Thread July to Sept 2024 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[MerlinandtheMouse]

We submitted for ROFR on 7/18 and still have not heard back. Broker tells me that is because we have to wait on the sellers completing a pending reservation (not disclosed to us at time of offer.....and I didn't read the paperwork closely enough to catch it....), which is in the beginning of October. Does anyone have any experience with how long it will take to get an ROFR answer for a delayed closing? Or when I might expect points to be deposited? I was hoping to get in front of the 7 month mark for a mid June reservation.

Hmmm passing ROFR shouldn’t be contingent on completing a pending reservation. Pending reservations delay closing until after said reservation passes (v annoying you weren’t explicitly told this from the beginning, even if it was in the paperwork) but shouldn’t effect ROFR timing at all. We had a delayed closing earlier this year because seller had a pending trip, but passed ROFR as normal, filled out all our closing documents, prepped payments and such but had to wait ~6 weeks after ROFR to close and have our deed recorded. The broker must be mistaken I’d double check with them.

 

[OlieRow]

OlieRow---$150-$37176-242-PVB Fixed Week-Aug-0/23, 242/24, 242/25, 242/26- delayed closing to mid Jan 2025, seller pays 2024 dues - sent 8/19

 

[N_kwi]

You could easily ask the seller to pay a year of MFs to keep the contract active. All contracts have a date by which ownership needs to be transferred. If it misses that date, you're free to go--or you can use that to negotiate something (like a year of MFs, for the missed opportunity of booking a room early for your vacation, as this was the seller's error).

Other thoughts:

- in terms of the calendar year, this is probably the worst time to buy. Summer typically brings in a low of buyers. Not many great contracts out there to be had. If you back out, wait until Nov and Dec, some sellers will want to deal then as they won't want to pay MFs for 2025 in January. If you walk from this contract, either you look each morning and hope to get lucky or more likely wait a few months until the end of the year to find a good deal.

- Seeing what the Poly incentives are is a reasonable plan. But I wouldn't get your hopes too high. I think it's more likely that DVC will have a huge sale on those cabins. Poly is going to be more popular than other recent DVC offerings, so I expect the Poly incentives to be mediocre at best.

Great points and things to think about, thank you!!

 

[lbwilliams]

Hmmm passing ROFR shouldn’t be contingent on completing a pending reservation. Pending reservations delay closing until after said reservation passes (v annoying you weren’t explicitly told this from the beginning, even if it was in the paperwork) but shouldn’t effect ROFR timing at all. We had a delayed closing earlier this year because seller had a pending trip, but passed ROFR as normal, filled out all our closing documents, prepped payments and such but had to wait ~6 weeks after ROFR to close and have our deed recorded. The broker must be mistaken I’d double check with them.

Thank you. Yes, very annoying. I'm less annoyed about the actual delayed closing than I am about it not being mentioned at all or disclosed at time of offer (and I spoke with the broker over the phone). It feels dishonest, so now I'm unsure of what to trust or believe. Given that I'm at 34 days from ROFR submittal (assuming broker was honest about date of submission), do I have any options to push this forward or get information? A few BLT contracts have come up that would be a good option if this contract is taken, so even knowing if it passed ROFR would be helpful.

 

[Lorana]

Lorana---$78-$2748-25-HH-Sep-0/23, 25/24, 25/25-SELLER- sent 7/21

And passed ROFR!

Lorana---$78-$2748-25-HH-Sep-0/23, 25/24, 25/25-SELLER- sent 7/21, passed 8/16

 

[Lorana]

OlieRow---$150-$37176-242-PVB Fixed Week-Aug-0/23, 242/24, 242/25, 242/26- delayed closing to mid Jan 2025, seller pays 2024 dues - sent 8/19

Oh! What fixed week? I’m guessing it’s week 51 or 52?

 

[minniesfriend]

minniesfriend---$84-$17957-200-BRV@WL-Apr-0/23, 58/24, 200/25, 200/26-142 pts holding- sent 8/14

 

[OlieRow]

Oh! What fixed week? I’m guessing it’s week 51 or 52?

Yup, it’s 52. I keep wondering if they’re more or less likely to take a fixed week and/or delayed closing or if it really matters. Time needs to speed up!

 

[dwg]

Thank you. Yes, very annoying. I'm less annoyed about the actual delayed closing than I am about it not being mentioned at all or disclosed at time of offer (and I spoke with the broker over the phone). It feels dishonest, so now I'm unsure of what to trust or believe. Given that I'm at 34 days from ROFR submittal (assuming broker was honest about date of submission), do I have any options to push this forward or get information? A few BLT contracts have come up that would be a good option if this contract is taken, so even knowing if it passed ROFR would be helpful.

Your broker should have known this and disclosed it to you. Took me 5 minutes to find on the DVC website by searching "right of first refusal" From the DVC website FAQ:

Resale - Frequently Asked Questions​

---

Q: What if I have pending reservations when I'm selling my Membership?
A.
All reservations associated with the Disney Vacation Club Membership that is being sold must be completed prior to the closing date of the sale, including but not limited to reservations for the RCI® Exchange Program. Reservations occurring after the sale of the Membership will be canceled.
Any remaining Vacation Point for the Membership being sold will be transferred to the buyers new Membership.

 

[eMoneyBug]

minniesfriend---$84-$17957-200-BRV@WL-Apr-0/23, 58/24, 200/25, 200/26-142 pts holding- sent 8/14

If you are getting 200pts in 2024 but 142 are in holding, you should still show 200pts in 24. Also TIP: when the points finally in early October, call DVC and kindly ask the CM to make the holding puts back to current, just explain you just bought the contract and would love to bank them or make an xyz date resy cuz xyz occassion etc. I think most CMs would do it for ya.

 

[Kailunkat]

I have my fingers crossed for you! I tried to get a fixed week 52 at PVB in June ($162pp I think?) and it got taken back. I am hoping you have much better luck! Keep us in the loop on how it goes.

 

[OlieRow]

I have my fingers crossed for you! I tried to get a fixed week 52 at PVB in June ($162pp I think?) and it got taken back. I am hoping you have much better luck! Keep us in the loop on how it goes.

Will do. I’m definitely nervous that it’ll get taken but hoping that delayed closing and it looking like it’ll go on sale in the very near future will help.

 

[Garsh90]

Garsh90---$135-$47751-320-BLT-Dec-0/22, 0/23, 320/24, 320/25- sent 7/22

Garsh90---$135-$47751-320-BLT-Dec-0/22, 0/23, 320/24, 320/25- sent 7/22, passed 8/19

 

[minniesfriend]

I have my fingers crossed for you! I tried to get a fixed week 52 at PVB in June ($162pp I think?) and it got taken back. I am hoping you have much better luck! Keep us in the loop on how it goes.

If you are getting 200pts in 2024 but 142 are in holding, you should still show 200pts in 24. Also TIP: when the points finally in early October, call DVC and kindly ask the CM to make the holding puts back to current, just explain you just bought the contract and would love to bank them or make an xyz date resy cuz xyz occassion etc. I think most CMs would do it for ya.

Thanks! It never hurts to ask!

 

[barrbarr25]

enk8fe5w---$124-$32730-250-AUL-Feb-5/23, 0/24, 250/25-Subsidized- sent 8/20

Longtime lurker, first-time buyer

Congrats on snagging a subsidized contract! Fingers crossed it passes. I put an offer in for one a few weeks ago & they countered at $127/point with no points available till 2026! You've got points coming next year, so that seems like a great deal! I'll be waiting for the update

 

[RuntheMouse]

If you are getting 200pts in 2024 but 142 are in holding, you should still show 200pts in 24. Also TIP: when the points finally in early October, call DVC and kindly ask the CM to make the holding puts back to current, just explain you just bought the contract and would love to bank them or make an xyz date resy cuz xyz occassion etc. I think most CMs would do it for ya.

Thanks! It never hurts to ask!

One of our earlier contracts we purchased had a full year of banked points. When I called to ask about getting the points loaded, MS offered to unbanked them. I declined but it was nice that they offered, it was unexpected!

 

[minniesfriend]

One of our earlier contracts we purchased had a full year of banked points. When I called to ask about getting the points loaded, MS offered to unbanked them. I declined but it was nice that they offered, it was unexpected!

Oh, wow! Thank you all!! I was just hoping we could use them before they expired.

 

[evangelion]

evangelion---$90-$16770-160-AKV-Feb-0/23, 0/24, 320/25- sent 7/23

Hi all, Been lurking here for a bit using the ROFR thread to find a good price on AKL. Seller accepted and submitted for ROFR today! Thanks for this and everyone that contributed!

Passed today!

evangelion---$90-$16770-160-AKV-Feb-0/23, 0/24, 320/25- sent 7/23, passed 8/22

 

[CastAStone]

Or maybe they’ve decided to outsource ROFR decisions to some type of overhyped AI engine.

I put 10 years of ROFR decisions into Microsoft CoPilot

They revoked my 365 license for “attempting to make their AI dumber”

 

[CastAStone]

Or maybe they’ve decided to outsource ROFR decisions to some type of overhyped AI engine.

I put 10 years of ROFR decisions into Facebook’s Meta AI and it recommended I become Facebook friends with Doctor Phil?