ROFR Thread Oct to Dec 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Einstein509]

Einstein509---$153-$26296-160-VGF-Oct-0/19, 176/20, 160/21, 160/22- sent 10/10

 

[EM Lawrence]

If they were holding up contracts to see if they needed inventory to sell before the increase to 125, that ship has sailed and the ROFR floodgates should open.

I suspect it has to do with layoffs.

Although I’m quite sure they are not interested in making resale a quick and pleasant experience.

 

[poofyo101]

My guess is it's the 125 point minimum thing.

They've taken a few contracts over the past few weeks just not passed any.

Not sure how fast disney can close on a contract after they exercise ROFR on it. They would still need to wait on closing docs etc I'm assuming from the seller.

 

[Ruttangel]

If they were holding up contracts to see if they needed inventory to sell before the increase to 125, that ship has sailed and the ROFR floodgates should open.

I suspect it has to do with layoffs.

Although I’m quite sure they are not interested in making resale a quick and pleasant experience.

What they did earlier in the year was just to waive everything through, which makes sense if you are swamped with work.

What they are doing now is blocking everything, which indicates there is a directive not to waive without reviewing.

To me, this means they still want inventory.

 

[poofyo101]

What they did earlier in the year was just to waive everything through, which makes sense if you are swamped with work.

What they are doing now is blocking everything, which indicates there is a directive not to waive without reviewing.

To me, this means they still want inventory.

They still def want inventory, but thats not all it signifies to me
They just rofr'd one from 9/23 I believe on the last page.
That should mean they did look at all the ones coming up to 9/22 and did not send any waivers for them yet. To me that shows they could be holding them just to hold them up while sending ROFR notices to the ones they want to buy earlier but holding the ones they do not want to buy just to make it miserable for the resale process.

 

[Wedgeout]

What’s the current vibe from the Guide’s with those currently looking into direct? Are they bringing up they have other resorts without being asked?,,knowing there are contracts sitting on a desk ready to green light the ROFR. I feel though another round of frenzy passing is about to start again. Stay positive.

 

[Cupcake232]

What’s the current vibe from the Guide’s with those currently looking into direct? Are they bringing up they have other resorts without being asked?,,knowing there are contracts sitting on a desk ready to green light the ROFR. I feel though another round of frenzy passing is about to start again. Stay positive.

I had a guide reach out to me last week prior to let me know that Friday 10/16 was the deadline for 100 point direct purchase to obtain blue card, and he did offer that they had properties other than RIV, AUL, and CCV. So, in short, yes, he offered others to me.

 

[dfan_welcomehomeall_19]

Tianamama---$110-$11557-100-RIV-Dec-0/19, 200/20, 100/21-Seller pays 2020 MF- sent 10/17

Saw this pop up on a site yesterday and decided to lowball offer totally expecting a much higher counter offer, but to my surprise it was accepted. I am already a direct Riviera owner so this is a perfect add on for bringing my extended family, and it’s fully loaded so I’m pleased. Hoping it passes!

That’s a great price! I think you should be good. Historically it doesn’t appear they buy back inventory for resorts they are currently marketing/selling (non sold out). Good luck!

 

[mom2elle]

I’m on day 39, I know others are waiting longer, but I’m getting stir crazy here! It seemed like the pace was picking up a few weeks ago and now it has pretty much come to a screeching halt. Nothing I can do, other than keep stalking this post!

 

[Hjs33]

What’s the current vibe from the Guide’s with those currently looking into direct? Are they bringing up they have other resorts without being asked?,,knowing there are contracts sitting on a desk ready to green light the ROFR. I feel though another round of frenzy passing is about to start again. Stay positive.

It’ll be interesting to see if now that we’ve passed the deadline to get full benefits with 100pts if there will be a rush of ROFR passes. I would think they might have held some approvals back in case they got a glut of last minute requests for direct points at resorts they weren’t actively selling.

 

[Sandisw]

They still def want inventory, but thats not all it signifies to me
They just rofr'd one from 9/23 I believe on the last page.
That should mean they did look at all the ones coming up to 9/22 and did not send any waivers for them yet. To me that shows they could be holding them just to hold them up while sending ROFR notices to the ones they want to buy earlier but holding the ones they do not want to buy just to make it miserable for the resale process.

Or, could it be they are reviewing certain resorts vs. exactly in order, within reason?

 

[kerrylacherry]

Hallelujah!!!

Day 46 and we finally heard back that we passed ROFR!!! I'm guessing they held onto it until the last minute for the change in direct benefits, but who knows. Here's hoping my fellow over-30-days folx hear back ASAP on their contracts!!!

kerrylacherry---$115-$31907-270-BWV-Oct-0/19, 540/20, 270/21-seller pays MF '20- sent 9/4, passed 10/19

 

[Gerbilsting]

Hallelujah!!!

Day 46 and we finally heard back that we passed ROFR!!! I'm guessing they held onto it until the last minute for the change in direct benefits, but who knows. Here's hoping my fellow over-30-days folx hear back ASAP on their contracts!!!

kerrylacherry---$115-$31907-270-BWV-Oct-0/19, 540/20, 270/21-seller pays MF '20- sent 9/4, passed 10/19

Holy crapola! Congratulations! This is amazing news! I am with you in hoping this is the beginning of a run on passes coming through.

 

[dvc lover 1970]

So I just found out why my $86/point SSR passed ROFR...it came from an international seller!! I’m now pissed because I had no idea I was purchasing an international contract. My broker never mentioned it to me and it wasn’t noted on the initial paperwork I signed. I just received my closing documents and it was listed on there as well as a IRS form 8288.

I have heard horror stories of the IRS coming after people due to taxes not paid by the seller. Not sure if the great deal is worth all the headache. Is it too late for me to back out on the deal? Has this ever happened to anyone before?

I have purchased two contracts from international sellers. The closing company retains funds to pay the IRS from the sale so you should be fine.

 

[lea2124]

Woohoo

We've just heard. Our BLT contract just passed ROFR on day 42.

lea2124---$135-$24650-170-BLT-Apr-0/19, 170/20, 340/21, 170/22- sent 9/8, passed 10/19

Now just another 8 weeks for it to close and get points added! Really want to rent out 2020's points but now worried there won't be enough time before they expire on March 31st 2021. Might have to exchange them to RCI.

 

[CP3uhoh]

I’m on day 39, I know others are waiting longer, but I’m getting stir crazy here! It seemed like the pace was picking up a few weeks ago and now it has pretty much come to a screeching halt. Nothing I can do, other than keep stalking this post!

<Day 40 for GCV....but the park won’t be open until 2023 so irrelevant I guess

 

[CP3uhoh]

We’re waiting on a GCF, on day 40 now, but we passed on CCV two weeks ago and the title company still doesn’t have the estoppel which probably means they are under staffed and/or focused on getting people to pull the trigger before the min went up.

 

[ohmyminnie]

We’re waiting on a GCF, on day 40 now, but we passed on CCV two weeks ago and the title company still doesn’t have the estoppel which probably means they are under staffed and/or focused on getting people to pull the trigger before the min went up.

We passed ROFR on a Boulder Ridge contract on September 14. Still haven't closed. Title company waiting on estoppel from Disney. I can't imagine what is taking so long.

 

[poofyo101]

We passed ROFR on a Boulder Ridge contract on September 14. Still haven't closed. Title company waiting on estoppel from Disney. I can't imagine what is taking so long.

I closed on several contracts throughout the covid months. Estoppel never took longer then a week.

 

[My3kids1989]

My3kids1989---$103-$21410-200-SSR-Jun-0/19, 200/20, 200/21, 200/22-Seller pay MF 20- sent 10/19