ROFR Thread Oct to Dec 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[gskywalker]

CaptainAmerica---$129-$21162-160-AKV-Feb-0/20, 138/21, 160/22- sent 10/4, taken 11/11

Pour one out for ya boy Cap.

Sorry to hear. At least you finally heard.

 

[zapple]

I've seen it mentioned a few times that sellers need to get their documents notarized. Do buyers need a notary as well when signing? We haven't had a contract pass ROFR yet to find out.

I’ve never had to get anything notarized as a buyer, just as a seller.

 

[KPeterso]

Kpeterso---$132-$13764-100-AKV-Dec-0/20, 50/21, 100/22, 100/23-Sell pays ‘21 MF- sent 11/8

trying again. Had a ssr taken in June. Will also be required to pay 2022 dues at closing but was not fully listed in contract.

 

[Ruttangel]

Kpeterso---$132-$13764-100-AKV-Dec-0/20, 50/21, 100/22, 100/23-Sell pays ‘21 MF- sent 11/8

trying again. Had a ssr taken in June. Will also be required to pay 2022 dues at closing but was not fully listed in contract.

It's quite normal (compulsory even) to pay next year dues if estimated completion is December

 

[KPeterso]

It's quite normal (compulsory even) to pay next year dues if estimated completion is December

Oh yeah - I do know that. Just don't have the exact amount yet to add to my string. I believe that is actually a DVC requirement to pay for the dues up front when closing in December. Not a big deal since I would get all the 2022 points. Seeing all the recent AKV taken, I am worried that I might be a little on the low side.

 

[Mai Ku Tiki]

I've seen it mentioned a few times that sellers need to get their documents notarized. Do buyers need a notary as well when signing? We haven't had a contract pass ROFR yet to find out.

Just closed ... Paid cash- No financing. So we just Docusigned.
If as buyer we financed, Title Co said we'd have to notarize.
But seller must notarize to be held legally to the terms of their sale & quit deed.
We had to wait 2 wks for seller to do so & return docs.

 

[Ruttangel]

Oh yeah - I do know that. Just don't have the exact amount yet to add to my string. I believe that is actually a DVC requirement to pay for the dues up front when closing in December. Not a big deal since I would get all the 2022 points. Seeing all the recent AKV taken, I am worried that I might be a little on the low side.

Good luck!

 

[sahmoffour]

Just closed ... Paid cash- No financing. So we just Docusigned.
If as buyer we financed, Title Co said we'd have to notarize.
But seller must notarize to be held legally to the terms of their sale & quit deed.
We had to wait 2 wks for seller to do so & return docs.

Thanks for the info! We're paying cash as well, so that makes it a bit simpler if we can just docusign. (Assuming this contract goes through!)

 

[Ruttangel]

Oh yeah - I do know that. Just don't have the exact amount yet to add to my string. I believe that is actually a DVC requirement to pay for the dues up front when closing in December. Not a big deal since I would get all the 2022 points. Seeing all the recent AKV taken, I am worried that I might be a little on the low side.

Actually dues are known now for 2022 $8.2365pp so you would be paying another $823.65, I actually don’t know if it’s helpful to put it in the string as its not a payment going to seller/broker

 

[CaptainAmerica]

New approach. I'm going in expensive-but-small.

 

[DonMacGregor]

New approach. I'm going in expensive-but-small.

This is where I find myself debating direct versus resale and the whole "what is it worth to me" question. With resale prices creeping up, and ROFR so unpredictable, the gap begins to narrow measurably.

 

[CaptainAmerica]

This is where I find myself debating direct versus resale and the whole "what is it worth to me" question. With resale prices creeping up, and ROFR so unpredictable, the gap begins to narrow measurably.

I mean even if you went insane and offered $170 for AKV resale to (basically) 100% guarantee that you'll pass, that's still savings over direct.

 

[Lorana]

When you transfer title and ownership of real estate in Florida, you sign a deed conveying or transferring the property to the new owner. All deeds executed in Florida must be signed in the presence of a notary public and two witnesses.

I believe the title company executes that deed with notary and witnesses, but the buyer does not need to actually be there. I've purchased many contracts, both direct and resale, and have never needed a notary public or witnesses to sign my docs (though I did need to have a call with a lawyer while closing docs on HHI resale due to their rules on real estate sales, and Disney direct for HHI does require a notary).

 

[Adg0428]

When you transfer title and ownership of real estate in Florida, you sign a deed conveying or transferring the property to the new owner. All deeds executed in Florida must be signed in the presence of a notary public and two witnesses.

Buyers don’t need a notary (at least when not financing). Only sellers.

 

[ImagineerTHAT]

Here is my logic for the increase in ROFR at certain resorts....including my contract that got taken.

1) Disney direct prices are going to increase soon, which will increase resale prices. They are buying back now.
2) There is an abundance of points from COVID that went unused and are in the system. DVC resorts operate at capacity 100% of the time, so there isn't a lot of room for Disney to dilute those points that were banked during COVID when the resorts were empty. They may be buying up banked contracts and letting the points expire to dilute the pool.

 

[DonMacGregor]

I mean even if you went insane and offered $170 for AKV resale to (basically) 100% guarantee that you'll pass, that's still savings over direct.

True, but then you look at the added costs of closing resale, the fact that you still need to wait for ROFR, and then all of the time waiting for closing and provisioning of points, and the "benefits" of resale do dwindle somewhat. Right now, those AKV 50-pointers seem to be hovering right at $160 PP, but trending upwards. Using your $170 PP scenario, the 50 points will cost you $8,500. Direct are going for $186 PP, or $9,300. So, by going resale you're saving $16 PP, or $800. Factor in reduced closing costs, and you might be down closer to $500. That is getting super close to the value that I personally place on the extra time and hassle of dealing with resale.

 

[Mai Ku Tiki]

Thanks for the info! We're paying cash as well, so that makes it a bit simpler if we can just docusign. (Assuming this contract goes through!)

Good luck. I admit I was impatient for seller to return notarized docs. Folks here said it isn't easy to find notary in some areas? I presumed every bank has one. Anyway, even offered to pay for Priority/Overnight Mail return, but Title Co said they had provided sellers w/ FedEx. Still they took 2 wks to sign & return. NOW waiting for DVD to Welcome us Home!!!

 

[CaptainAmerica]

I won't write it up until it goes to ROFR but the next one looks like it's going to be a 100 point AKV for $140.

 

[BamaGuy44]

I won't write it up until it goes to ROFR but the next one looks like it's going to be a 100 point AKV for $140.

Good luck! Highest they've taken all year is 138 so...

 

[Royal Consort]

CaptainAmerica---$129-$21162-160-AKV-Feb-0/20, 138/21, 160/22- sent 10/4, taken 11/11

Pour one out for ya boy Cap.

Your experience with ROFR is kinda like Vegas: the house always wins.