Anyone made it through (or not made it through) ROFR recently? - Section V

[Discomom703]

Do you guys think that the resale prices are going down then?? It seems that the ones that have passed ROFR are in the $50 pp.. i happened to offer $63 pp for my SSR .. and this is fairly recent..

Congrats on those who passed ROFR and got their contracts!!

[MickeyFan612]

Originally Posted by Discomom703

Do you guys think that the resale prices are going down then?? It seems that the ones that have passed ROFR are in the $50 pp.. i happened to offer $63 pp for my SSR .. and this is fairly recent..

Congrats on those who passed ROFR and got their contracts!!

I definitely think prices are going up...I closed a SSR for 55/pt but I had to make many offers and get many rejections. For my 55/pp SSR I was told the seller had already refused 5 other offers like mine before he was finally ready to come down for me. It is all about timing! That was a couple of months ago and if that same contract was on the market today I think someone would have already given them their asking (60pp). Also how many days/weeks and even months do you want to put in searching for a 50/point contract? In the long run whether or not you paid a few extra bucks per point really won't matter. Your real savings is buying resale!!

Congrats to everyone who passed ROFR this week

[maburke]

Originally Posted by DannysMom

Actually I think it shows the happenstance nature of ROFR. When icydog was bidding, DVD had buyers for March OKW points, and not enough points to sell, so they snagged your contracts. When MickeyFan612 was bidding, they had plenty of April OKW points for the buyers that were interested. Or they had no desire to get caught in any kind of estate settling nonsense.

Or the OKW person was late to this week's meeting.

[diane648]

Found out on Tuesday that we passed ROFR - 75 BCV, all '11, '12 & '13 points. $78 / pt. Buyer pays closing; seller pays '12 MF's. It's our first DVc contract and we're VERY excited!

[icydog]

Originally Posted by MickeyFan612

I totally agree with DannysMom! I don't see that you have overpaid...if you pass $56/point that is awesome Disney has been taking back contracts at around 60/point this past month! I'm 99.9% sure It would've been ROFR'd if it weren't for deed problem. I just got lucky that the sellers weren't asking much and that it happened to have this deed issue Very Lucky!!

I am so happy for you but removing a descendent from a deed is a simple process of providing a death certificate. I know because I had to do just that with all the timeshares I sold after my husband died.

[WDWLVR2]

How do I know what day my contract was sent to Disney for ROFR? VWL 100 pts all of 2012 and 100 pts per uy going forward. posted 10/19, accepted 10/19.

[Disney st8 of mind]

Originally Posted by WDWLVR2

How do I know what day my contract was sent to Disney for ROFR? VWL 100 pts all of 2012 and 100 pts per uy going forward. posted 10/19, accepted 10/19.

We received an email for the broker. It was the same day I faxed back our signed copy of the contract. Must have been something in the water that day for VWL! It was kind of funny for us because we had been stalking listings and when ours came up on the 19th I told my DH it was meant to be our anniversary gift (16 years that day)!

[dvcterry]

Originally Posted by WDWLVR2

How do I know what day my contract was sent to Disney for ROFR? VWL 100 pts all of 2012 and 100 pts per uy going forward. posted 10/19, accepted 10/19.

After our docs were signed our broker let us know everything was all set and on it's way to Disney for ROFR. We received an email notice and phone call throughout the process; just follow-up with your broker to see if it was sent.

[t0r0]

After our two OKW's getting snatched by the monkey, I decided to not jinx myself and post our next move. Here is what has happened since:

9-10-12 160 SSR (Sep) contract listed $60pp, 25 '11 pts, 160 '12 pts + all forward
9-10-12 Offer $54 pp, seller countered $58pp, we settle on $56pp, buyer pays closing, seller pays mf
9-12-12 Contract received and sent back to Fidelity (seller same day as well)
9-13-12 Contract sent to Disney for ROFR consideration
10-9-12 Disney waives ROFR and allows sale
10-13-12 Closing documents and payment sent overnight to title company for closing
10-22-12 Sale closed
10-24-12 Warranty deed appears on occompt.com
10-28-12 Letter sent in mail from DVC with Membership #
11-3-12 Letter received, account created on dvcmember.com, all points loaded, process 100% complete.

I am pleased with the broker, & pleased with the price we paid. The seller did not waste any time signing documents and getting things done on their end so I'm sure that helped move the process along.

[MickeyFan612]

Originally Posted by Lizard Valley

Congrats!!! I had my fingers and toes crossed for you

Great deal, lucky you for getting this one!

Originally Posted by icydog

I am so happy for you but removing a descendent from a deed is a simple process of providing a death certificate. I know because I had to do just that with all the timeshares I sold after my husband died.

Sorry to hear about your husband! The deceased man(original owner) on this deed died in 2004 and was never removed for the second owners. I will be the third and apparently the company that did the paperwork is digging in storage for the document they need to remove him! Thanks for sharing your info... I hope it is a simple process! Good luck w/ your OKW contracts

[undfan]

Contract sent to Disney for ROFR on 10/24. 230 (2042 version) OKW June @ $55/pt; Seller and Buyer split closing costs. 14 '12 points; 230 '13 points and forward. Curious as to ROFR predictions - - have at it!!!!

[MickeyFan612]

Originally Posted by t0r0

After our two OKW's getting snatched by the monkey, I decided to not jinx myself and post our next move. Here is what has happened since:

9-10-12 160 SSR contract listed $60pp, 25 '11 pts, 160 '12 pts + all forward
9-10-12 Offer $54 pp, seller countered $58pp, we settle on $56pp, buyer pays closing, seller pays mf
9-12-12 Contract received and sent back to Fidelity (seller same day as well)
9-13-12 Contract sent to Disney for ROFR consideration
10-9-12 Disney waives ROFR and allows sale
10-13-12 Closing documents and payment sent overnight to title company for closing
10-22-12 Sale closed
10-24-12 Warranty deed appears on occompt.com

And now we wait for our membership number. I am pleased with the broker, pleased with the price we paid, and anxiously await DVC to put us in the system! The seller did not waste any time signing documents and getting things done on their end so I'm sure that helped move the process along.

Congratulations!! Great deal for SSR!!

[DougEMG]

Originally Posted by undfan

Contract sent to Disney for ROFR on 10/24. 230 (2042 version) OKW June @ $55/pt; Seller and Buyer split closing costs. 14 '12 points; 230 '13 points and forward. Curious as to ROFR predictions - - have at it!!!!

25% chance it passes ROFR. Good luck.

[undfan]

Was hoping for a bit more optimistic evaluation - - - but your realism is appreciated. Thanks!

[undchefreak]

UNDFAN - Like UND Sioux (not so much anymore, but still)??

If so, awesome! If not, have a nice day