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

[ScubaTime]

Looks like ROFR team is back in action!

They waived my contract and also issued the Estoppel certificate on same day. We got the email today as we were driving back from an amazing 4 days at Disney!

Wish we could have found some of these magical deals at under 160/pt! You guys sure can find some amazing deals. Well we are happy to join the DVC family with a nice loaded contract that we can start using in Jan.

ScubaTime---$168-$44745-250-PVB-Apr-227/20, 477/21, 250/22-seller pays MF '21- sent 11/12, passed 12/2

 

[perchy]

PaulW08---$160.75-$16075-100-PVB-Dec-0/20, 100/21, 100/22, 100/23-seller pays closing and '21 MF- sent 12/2

Odds this one passes? Really excited at the possibility of being owners at PVB!

Yours needs to pass so mine does.

 

[Disneynewb0001]

Hi All - Long time Disney enthusiast, occasional forum lurker, first time poster.

After off and on consideration over the years, my family finally took the plunge and decided to put in an offer last month. Thanks to everyone on this forum, I felt that I was well educated on the considerations and process.

Based on the timing I have seen lately, I had been expecting to hear regarding ROFR soon. I received an email from my broker yesterday afternoon that Disney asked us to clarify our contract. The original contract stated that "buyer and seller pays 2022 MF" with the intent that buyer pays MF on the 182 points and seller pays for 118 points for 2022. Since the original contract was ambiguous on the specifics, we put in an addendum to specifically state the aforementioned.

I don't recall seeing instances of folks posting when Disney has come back with questions during ROFR. For folks with more history here, is this unusual and should I read this as a higher or lower likelihood Disney will take this contract? I'm not really reading into it either way, and my hope is that since we sent back the addendum yesterday that Disney will return a decision on ROFR soon and we aren't pushed to the bottom of the pile.

Disneynewb0001--$140.00-$42725-300-BCV-Jun-0/20, 0/21, 182/22, 300/23- Sent 11/11

 

[Ginamarie]

Hi All - Long time Disney enthusiast, occasional forum lurker, first time poster.

After off and on consideration over the years, my family finally took the plunge and decided to put in an offer last month. Thanks to everyone on this forum, I felt that I was well educated on the considerations and process.

Based on the timing I have seen lately, I had been expecting to hear regarding ROFR soon. I received an email from my broker yesterday afternoon that Disney asked us to clarify our contract. The original contract stated that "buyer and seller pays 2022 MF" with the intent that buyer pays MF on the 182 points and seller pays for 118 points for 2022. Since the original contract was ambiguous on the specifics, we put in an addendum to specifically state the aforementioned.

I don't recall seeing instances of folks posting when Disney has come back with questions during ROFR. For folks with more history here, is this unusual and should I read this as a higher or lower likelihood Disney will take this contract? I'm not really reading into it either way, and my hope is that since we sent back the addendum yesterday that Disney will return a decision on ROFR soon and we aren't pushed to the bottom of the pile.

Disneynewb0001--$140.00-$42725-300-BCV-Jun-0/20, 0/21, 182/22, 300/23- Sent 11/11

First of all- great deal on BCV! I’m surprised the broker wrote the details in the contract that way- I’ve always had it listed specifically in our contract.
In any case, this doesn’t set you to the back of the queue, so you should still hear something soonish.

 

[Disneynewb0001]

Thanks! I'm hoping it comes through, excited to plan our next trip to WDW.

 

[carseatguru]

Hi All - Long time Disney enthusiast, occasional forum lurker, first time poster.

After off and on consideration over the years, my family finally took the plunge and decided to put in an offer last month. Thanks to everyone on this forum, I felt that I was well educated on the considerations and process.

Based on the timing I have seen lately, I had been expecting to hear regarding ROFR soon. I received an email from my broker yesterday afternoon that Disney asked us to clarify our contract. The original contract stated that "buyer and seller pays 2022 MF" with the intent that buyer pays MF on the 182 points and seller pays for 118 points for 2022. Since the original contract was ambiguous on the specifics, we put in an addendum to specifically state the aforementioned.

I don't recall seeing instances of folks posting when Disney has come back with questions during ROFR. For folks with more history here, is this unusual and should I read this as a higher or lower likelihood Disney will take this contract? I'm not really reading into it either way, and my hope is that since we sent back the addendum yesterday that Disney will return a decision on ROFR soon and we aren't pushed to the bottom of the pile.

Disneynewb0001--$140.00-$42725-300-BCV-Jun-0/20, 0/21, 182/22, 300/23- Sent 11/11

Something similar happened to me on a contract I am selling. Disney waived the contract 2 days after I signed the addendum. This was about 2 weeks ago.

 

[DaveNan]

Hi All - Long time Disney enthusiast, occasional forum lurker, first time poster.

After off and on consideration over the years, my family finally took the plunge and decided to put in an offer last month. Thanks to everyone on this forum, I felt that I was well educated on the considerations and process.

Based on the timing I have seen lately, I had been expecting to hear regarding ROFR soon. I received an email from my broker yesterday afternoon that Disney asked us to clarify our contract. The original contract stated that "buyer and seller pays 2022 MF" with the intent that buyer pays MF on the 182 points and seller pays for 118 points for 2022. Since the original contract was ambiguous on the specifics, we put in an addendum to specifically state the aforementioned.

I don't recall seeing instances of folks posting when Disney has come back with questions during ROFR. For folks with more history here, is this unusual and should I read this as a higher or lower likelihood Disney will take this contract? I'm not really reading into it either way, and my hope is that since we sent back the addendum yesterday that Disney will return a decision on ROFR soon and we aren't pushed to the bottom of the pile.

Disneynewb0001--$140.00-$42725-300-BCV-Jun-0/20, 0/21, 182/22, 300/23- Sent 11/11

Let's be optimistic and assume you pass! Since the bill for 2022 dues comes out in Dec, and is due in Jan, this will get squared away in closing. If the seller pays all the dues for 2022 prior to closing, in closing you will have an additional charge reimbursing them for the MF on the 182 you are responsible for, but they paid already. If the dues are not pain by closing, then at closing (you) will likely be charged for all 300 points, but them the seller would credit back to you the MF for the 118 points they used. From your entry, looks like you assumed 42,000 for the points and 725 for closing. Expect the bottom line at closing to also include $7ish x 182, for the MF on the points you are getting for 2022. Just want to warn you.....

 

[Disneynewb0001]

Let's be optimistic and assume you pass! Since the bill for 2022 dues comes out in Dec, and is due in Jan, this will get squared away in closing. If the seller pays all the dues for 2022 prior to closing, in closing you will have an additional charge reimbursing them for the MF on the 182 you are responsible for, but they paid already. If the dues are not pain by closing, then at closing (you) will likely be charged for all 300 points, but them the seller would credit back to you the MF for the 118 points they used. From your entry, looks like you assumed 42,000 for the points and 725 for closing. Expect the bottom line at closing to also include $7ish x 182, for the MF on the points you are getting for 2022. Just want to warn you.....

Thank you for the info, this is good to know.

 

[Disneynewb0001]

Something similar happened to me on a contract I am selling. Disney waived the contract 2 days after I signed the addendum. This was about 2 weeks ago.

Good to know, hopefully the ROFR team works on the weekend.

 

[rubybutt]

Jimmy Geppetto---$147-$47505-315-BLT-Feb-0/20, 0/21, 630/22, 315/23-Seller pays 2021 MF- sent 11/15, taken 12/02

I saw that one too. I decided to keep my max per contract at 160 or so. Smaller contracts seem to be able to move faster at resale if needed. Good price for double points. I hope it passes for you.

 

[DonMacGregor]

I saw that one too. I decided to keep my max per contract at 160 or so. Smaller contracts seem to be able to move faster at resale if needed. Good price for double points. I hope it passes for you.

I believe his post says it was taken.

 

[DonMacGregor]

Good to know, hopefully the ROFR team works on the weekend.

Yes they do.

 

[rubybutt]

I believe his post says it was taken.

Doh.... sorry.

 

[perchy]

Need to share and it's not worth a new thread.

TWO of my contracts closed today.

The International OKW contract that went to ROFR on 10/6 AND the HHI contract that went to ROFR on 11/3 BOTH closed TODAY!!!

I need to give Cammy at Mason the kudos. She handled both for me and the OKW closing docs were still en route from the U.K. as of four days ago.

Now the wait for the points.... haha

 

[MICKIMINI]

Hi All - Long time Disney enthusiast, occasional forum lurker, first time poster.

After off and on consideration over the years, my family finally took the plunge and decided to put in an offer last month. Thanks to everyone on this forum, I felt that I was well educated on the considerations and process.

Based on the timing I have seen lately, I had been expecting to hear regarding ROFR soon. I received an email from my broker yesterday afternoon that Disney asked us to clarify our contract. The original contract stated that "buyer and seller pays 2022 MF" with the intent that buyer pays MF on the 182 points and seller pays for 118 points for 2022. Since the original contract was ambiguous on the specifics, we put in an addendum to specifically state the aforementioned.

I don't recall seeing instances of folks posting when Disney has come back with questions during ROFR. For folks with more history here, is this unusual and should I read this as a higher or lower likelihood Disney will take this contract? I'm not really reading into it either way, and my hope is that since we sent back the addendum yesterday that Disney will return a decision on ROFR soon and we aren't pushed to the bottom of the pile.

Disneynewb0001--$140.00-$42725-300-BCV-Jun-0/20, 0/21, 182/22, 300/23- Sent 11/11

That is not surprising. Sounds like a rookie broker as everything has to be spelled out on the contract. It won't affect you one way or the other. The decision is made by putting all the contracts up for ROFR review on a piece of paper, folding it neatly and placing it in a gold fish bowl...hopefully yours won't be chosen LOL! Good luck!

 

[Jimmy Geppetto]

I saw that one too. I decided to keep my max per contract at 160 or so. Smaller contracts seem to be able to move faster at resale if needed. Good price for double points. I hope it passes for you.

It was taken.

 

[Disneynewb0001]

That is not surprising. Sounds like a rookie broker as everything has to be spelled out on the contract. It won't affect you one way or the other. The decision is made by putting all the contracts up for ROFR review on a piece of paper, folding it neatly and placing it in a gold fish bowl...hopefully yours won't be chosen LOL! Good luck!

I hear ya. I don't get the impression that this broker is a rookie, but there are indications that they have a lot of balls that they are juggling. I say this because there has been some lack of attention to detail and when I email questions over, while I receive a very quick response, the response I receive is often canned or not completely addressing my question.

An example is when the contract was initially executed I asked if everything was passed on to Disney for ROFR and I received a canned response. I followed up again to ask if my specific contract was passed to Disney and after some follow-up heard back that it essentially slipped through their cracks albeit briefly (1-2 day delay). After the addendum was executed yesterday, I followed up this morning to ask if the addendum had been passed to Disney and neither the first or second response I received directly answered my question [sigh].

Not how my other real estate transactions have gone but this is my first DVC resale. Not sure if my experience is the norm or an outlier. The contract itself was much more basic than I am used to. Live and learn....

Hopefully my contract and the contracts of all the good folks on this board are not the only ones in the fishbowl. Here's to hoping someone drops the fishbowl and all are waived for convenience.

 

[DonMacGregor]

I hear ya. I don't get the impression that this broker is a rookie, but there are indications that they have a lot of balls that they are juggling. I say this because there has been some lack of attention to detail and when I email questions over, while I receive a very quick response, the response I receive is often canned or not completely addressing my question.

An example is when the contract was initially executed I asked if everything was passed on to Disney for ROFR and I received a canned response. I followed up again to ask if my specific contract was passed to Disney and after some follow-up heard back that it essentially slipped through their cracks albeit briefly (1-2 day delay). After the addendum was executed yesterday, I followed up this morning to ask if the addendum had been passed to Disney and neither the first or second response I received directly answered my question [sigh].

Not how my other real estate transactions have gone but this is my first DVC resale. Not sure if my experience is the norm or an outlier. The contract itself was much more basic than I am used to. Live and learn....

Hopefully my contract and the contracts of all the good folks on this board are not the only ones in the fishbowl. Here's to hoping someone drops the fishbowl and all are waived for convenience.

I know we're talking about ROFR and sales agents, but when it finally clears ROFR, Cammy Smith at Mason Title is the best. SUPER responsive and it's a direct answer and done in a timely fashion. I get emails back from her VERY quickly. Cannot recommended her enough. Good service on the title end after ROFR can close the time gap on any early delays.

 

[Disneynewb0001]

I know we're talking about ROFR and sales agents, but when it finally clears ROFR, Cammy Smith at Mason Title is the best. SUPER responsive and it's a direct answer and done in a timely fashion. I get emails back from her VERY quickly. Cannot recommended her enough.

Great to know. I've read her name a number of times on this board and I will keep in mind for the future. Thanks!

 

[DonMacGregor]

Great to know. I've read her name a number of times on this board and I will keep in mind for the future. Thanks!

It's worth paying the $35 or whatever it is extra to go with Mason.