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

[jenna9906]

Hi, I'm new here. We submitted a contract through Fidelity to Disney for BCV @ $70/point for 160 points on 12/14. We pay 2013's MF and closing. It has a Feb. UY, all 2012 points are banked and 2013 points will be available. There are also 125 2011 points available but they will expire in Jan. Zero chance the contract will be ours before then, right?

[z28wiz]

Originally Posted by jenna9906

Hi, I'm new here. We submitted a contract through Fidelity to Disney for BCV @ $70/point for 160 points on 12/14. We pay 2013's MF and closing. It has a Feb. UY, all 2012 points are banked and 2013 points will be available. There are also 125 2011 points available but they will expire in Jan. Zero chance the contract will be ours before then, right?

Zero chance it takes at least 60 days

[GoofyJ]

We submitted Nov. 24 ish and heard today it was taken by Disney. 150 pts '12, 300 '13, 150 '14 at $50 pp.

Now we have to start over again.:

[dvcterry]

Originally Posted by jenna9906

Hi, I'm new here. We submitted a contract through Fidelity to Disney for BCV @ $70/point for 160 points on 12/14. We pay 2013's MF and closing. It has a Feb. UY, all 2012 points are banked and 2013 points will be available. There are also 125 2011 points available but they will expire in Jan. Zero chance the contract will be ours before then, right?

Hi there,
Although our resales have taken the typical 30 day rofr time frame and then a few weeks after to close, we did have one instance in which rofr was waived about 10 days in. From there we closed very quickly with the title company and about two days later the points were loaded under my membership. It happened much faster than we had expected and were delighted. There is no way to predict if something like this can happen. I would hope that you get to use those 2011 points though. We had used the same broker and in that regard the communication was excellent and they worked through any concerns I had. Good luck to you.

[miyta]

Originally Posted by dvcterry

Hi there,
Although our resales have taken the typical 30 day rofr time frame and then a few weeks after to close, we did have one instance in which rofr was waived about 10 days in. From there we closed very quickly with the title company and about two days later the points were loaded under my membership. It happened much faster than we had expected and were delighted. There is no way to predict if something like this can happen. I would hope that you get to use those 2011 points though. We had used the same broker and in that regard the communication was excellent and they worked through any concerns I had. Good luck to you.

Any chance the seller would be able to book something for the buyer while it is sale pending?
Not sure the seller would desire to but maybe?

[bcarpenter]

Got through ROFR for 160 points at Grand Californian for $90/point for an almost stripped contract.

[lovin'fl]

Originally Posted by miyta

Any chance the seller would be able to book something for the buyer while it is sale pending?
Not sure the seller would desire to but maybe?

I don't think there can be any vacations booked as it goes through closing...they'd have to book the trip and then take it before they could go to closing...I believe.

[WonderinAland]

We passed ROFR in early November and still haven't closed. Our seller just doesn't seem motivated to get his contract in. (Actually, he did finally return it, but 2 pages were done incorrectly. And though the pages to correct were over-nighted, we're still waiting... And, no, he is not a "foreigner.")
It's looking doubtful that we'll get to use 60 points that expire before March. And I keep checking availability for Spring Break. *sigh*

[a742246]

I would give you a small chance that you will have those points in time.

But you still got a great deal! Wish you luck.

[jenna9906]

Thanks for the replies. The points weren't on the listing but are on the contract. So, we're not looking at them as a loss but more like a very awesome bonus if we could have been able to use them.

Good Luck to everyone waiting for their contracts!

[zavandor]

Originally Posted by miyta

Any chance the seller would be able to book something for the buyer while it is sale pending?
Not sure the seller would desire to but maybe?

I think that if a reservation is booked in the future, the contract cannot be closed.

[marie1981]

What about buying a RCI certificate ? It is good for 2 years.

But I have no idea if it can be bought and transfer during the buying process...

[ninjagirl]

Any change in the current point status would result in an addendum needing to be filed. It happened to us when we realized we weren't going to be closed in time to bank the points ourselves. The seller and the buyer signed an addendum and it was sent to Disney to be added to our contract documents. It didn't result in a delay but you definitely can't close with a pending vacation. Our BLT contract took 47 days from start to finish.

[lovin'fl]

The contract we are buying went to ROFR today.

88 HHI (Aug) $53, no '12 pts, 82 '13 pts, 21 '14 points, buyer pays closing, seller pays '13 mf (sub 12/26) member, Fidelity

[splash0mtn]

Submitted to Disney on November 20 and Disney waived the ROFR on December 18th. (I guess I missed the email from Fidelity as I just found out today!!!) 100 SSR Aug UY at $54 I'm paying closing. No points for 2012, but has everything going foward. Not the best deal I have seen, but I'm happy as it is sometimes difficult to get these smaller point :cool1contracts. I just saw another contract similiar to this one that sold for $67, so I guess I"m feeling better.

The final doucments should arrive this week to be signed, so back to the waiting game!