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

[Paul Stupin]

Would think they would want a faster transition for resale deeds. But maybe if they stall to make more closings after December 1st, they will get more full 2021 yearly MF’s fees coming in.

They'll get the exact same maintenance fees regardless of when the contract is sold, either paid by the buyer or the seller.

 

[Wedgeout]

They'll get the exact same maintenance fees regardless of when the contract is sold, either paid by the buyer or the seller.

True however closings after December 1st, from what I have read, is full 2021 paid through title process and won’t get a monthly autopay pay option. More cash up front for them.

 

[we"reofftoneverland]

True however closings after December 1st, from what I have read, is full 2021 paid through title process and won’t get a monthly autopay pay option. More cash up front for them.

I think you have to pay by Jan 15 regularly anyway.

 

[UrsulaWantsYourSoul]

Marissag555---$100-$10580-100-OKW-Jun-0/19, 0/20, 100/21, 100/22- sent 10/1 new to DVC buying for trips with our first grand baby wish us luck

 

[Paul Stupin]

True however closings after December 1st, from what I have read, is full 2021 paid through title process and won’t get a monthly autopay pay option. More cash up front for them.

Autopay option would be for 2022. All 2021 dues are paid by Jan. 15 2021.

 

[Sandisw]

I think you have to pay by Jan 15 regularly anyway.

Disney doesn’t charge a late fee until after Feb 15th so you really have until then.

 

[CP3uhoh]

Does the increase officially go into account on the 19th? Maybe they'll open the floodgates of ROFR then. We're at day 66 of waiting. At this point I want to ask the broker to give me someone's number at DVC so I can just ask them if they're going to pass us or not....over two months of waiting is just not fair.

Holy cow, what's the contract you've been waiting on? We heard about our CCV contract on Day 30 exactly beginning of this month though still waiting on the Estoppel, and the ROFR passed before the layoff announcement. We are approaching Day 40 on GCF now, 60+ would be brutal.

 

[Jaydee51]

Does the increase officially go into account on the 19th? Maybe they'll open the floodgates of ROFR then. We're at day 66 of waiting. At this point I want to ask the broker to give me someone's number at DVC so I can just ask them if they're going to pass us or not....over two months of waiting is just not fair.

Holy Cow! That's a long time to be in ROFR! Is there a time limit where you can just, throw your hands up, walk away and get your deposit back?
(not implying that you would actually do this, i'm just curious if there is a cap on the timeframe)

 

[TwoHeartsBeat]

I think you have to pay by Jan 15 regularly anyway.

I thought it was either cash in January, or monthly payments, after the initial dues at closing. The website says you can set up monthly payments with a direct debit in the US.

Holy Cow! That's a long time to be in ROFR! Is there a time limit where you can just, throw your hands up, walk away and get your deposit back?
(not implying that you would actually do this, i'm just curious if there is a cap on the timeframe)

This makes me extremely glad that we've started out ahead of when we will need to make our next reservation, instead of waiting a little while like I was tempted to do. We're planning Disneyland Paris in Spring 2021. I did the math, and it doesn't make a lot of sense to use DVC points for that. We won't be going back to Disney World parks until January 2022, although we've decided we will probably take a short trip to Universal in September 2021, and use DVC, but that's just a bonus trip if we get closed in time to find a studio at Saratoga. I'm not too worried about that one. As long as we've got our account set up by February 2021, I'll be happy.

 

[cheygirl]

cheygirl---$88-$13725-150-SSR-Feb-0/19, 94/20, 150/21, 150/22- sent 10/16

 

[My3kids1989]

cheygirl---$88-$13725-150-SSR-Feb-0/19, 94/20, 150/21, 150/22- sent 10/16

I hope it passes! Good luck!!

 

[jbreen2010]

Holy cow, what's the contract you've been waiting on? We heard about our CCV contract on Day 30 exactly beginning of this month though still waiting on the Estoppel, and the ROFR passed before the layoff announcement. We are approaching Day 40 on GCF now, 60+ would be brutal.

Holy Cow! That's a long time to be in ROFR! Is there a time limit where you can just, throw your hands up, walk away and get your deposit back?
(not implying that you would actually do this, i'm just curious if there is a cap on the timeframe)

we submitted to ROFR for SSR on Aug 11th. It wasnt a low ball offer but not high - $98pp and we are paying MFs. Broker said DVC asked them to resubmit on 9/10 - no reason given, no paperwork changed, etc. Our first offer in July was taken at ROFR so this is our second and we’re hopeful first time DVC members.

Someone else said maybe they’re holding passing contracts to see if there is a bug rush on direct purchases to get the blue card at 125 points...I would hope that’s not the case.

Our submission docs say we are aiming to close on 10/26 so I don’t know what to do. Broker said this is a bit of an anomaly. I would assume if we weren’t notified by closing date we can just get a refund of deposit with title company but we’re so deep in this and I’m ready to buy!! Maybe we will hear back before then. I guess I’ll go play the powerball.

 

[poofyo101]

we submitted to ROFR for SSR on Aug 11th. It wasnt a low ball offer but not high - $98pp and we are paying MFs. Broker said DVC asked them to resubmit on 9/10 - no reason given, no paperwork changed, etc. Our first offer in July was taken at ROFR so this is our second and we’re hopeful first time DVC members.

Someone else said maybe they’re holding passing contracts to see if there is a bug rush on direct purchases to get the blue card at 125 points...I would hope that’s not the case.

Our submission docs say we are aiming to close on 10/26 so I don’t know what to do. Broker said this is a bit of an anomaly. I would assume if we weren’t notified by closing date we can just get a refund of deposit with title company but we’re so deep in this and I’m ready to buy!! Maybe we will hear back before then. I guess I’ll go play the powerball.

Hopefully you'll hear back soon but 98 is still at risk compared right now.

 

[CP3uhoh]

Hopefully you'll hear back soon but 98 is still at risk compared right now.

yeah, $98 is a good deal, but <$100 they seem to be taking quite often. Good Luck!

 

[Jaydee51]

seems strange that it's been very quite the past two weeks. haven't really seen ROFR updates (pass or taken) or closings. Perhaps people are just not posting.

 

[cheygirl]

I hope it passes! Good luck!!

Thank you!

 

[Lorana]

we submitted to ROFR for SSR on Aug 11th. It wasnt a low ball offer but not high - $98pp and we are paying MFs. Broker said DVC asked them to resubmit on 9/10 - no reason given, no paperwork changed, etc. Our first offer in July was taken at ROFR so this is our second and we’re hopeful first time DVC members.

Someone else said maybe they’re holding passing contracts to see if there is a bug rush on direct purchases to get the blue card at 125 points...I would hope that’s not the case.

Our submission docs say we are aiming to close on 10/26 so I don’t know what to do. Broker said this is a bit of an anomaly. I would assume if we weren’t notified by closing date we can just get a refund of deposit with title company but we’re so deep in this and I’m ready to buy!! Maybe we will hear back before then. I guess I’ll go play the powerball.

Legally, if Disney does not reply by the closing date in the contract, it means they’ve waived their right of first refusal, and you can close the contract. It’s yours.

Now, many brokers don’t *want* to proceed without Disney sending ROFR waiver, so I don’t know if your broker will move forward.

 

[BlueRibbon]

BlueRibbon---$143-$24707-160-BLT-Dec-0/19, 0/20, 160/21- sent 10/8

The Add-on-itis is very real! We bought resale back in 2017, added Direct back in 2018 for that Blue Card, and now this. Believe it or not, we have YET to stay on points! I banked the 2018 points, used all 2019 and borrowed some 2020 to have a huge family trip to Hawaii. It's been pushed back twice this year, and with any luck it'll happen in 3 weeks!

I needed the additional points for another family get together in 2022. I could have put the other family members up at the all-stars, but what's the fun in that!

Some folks have gotten better prices per point, but this is the best I've seen on the regular websites(DVCStore, DVC Resale Market, etc...). The only hiccup on this contract is that the seller is using 2020 UY points for a trip in April 2021, so the contract can't close until May 1. I'm in no hurry, so I figured the price was good enough for the wait.

 

[Paul Stupin]

I thought it was either cash in January, or monthly payments, after the initial dues at closing. The website says you can set up monthly payments with a direct debit in the US.


This makes me extremely glad that we've started out ahead of when we will need to make our next reservation, instead of waiting a little while like I was tempted to do. We're planning Disneyland Paris in Spring 2021. I did the math, and it doesn't make a lot of sense to use DVC points for that. We won't be going back to Disney World parks until January 2022, although we've decided we will probably take a short trip to Universal in September 2021, and use DVC, but that's just a bonus trip if we get closed in time to find a studio at Saratoga. I'm not too worried about that one. As long as we've got our account set up by February 2021, I'll be happy.

I think that the monthly payments apply to the maintenance fees due the next January, so in essence you’re paying them in advance, incrementally. So by the time January 2022 arrives, you will have spent the entire previous year paying for them in monthly installments.

 

[E2ME2]

Marissag555---$100-$10580-100-OKW-Jun-0/19, 0/20, 100/21, 100/22- sent 10/1 new to DVC buying for trips with our first grand baby wish us luck

I wish you all the luck in the world!
We bought into DVC in 2010, hoping to be grandparents, and our DD cooperated starting in 2012!
She got really good at it, and gave us a granddaughter every 2 years, through 2016.
We took all 3 grands on their 1st Disney Trip in January 2020, at SSR in a 3BR-GV!
It has been well worth the price of admission.
ET