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

[dbs1228]

In your example (I am presuming a 220 base but I am unclear from your wording...could be 225), your profit is $1,135 on what I presume is a contract in the $17,380-$17,775 range. So you have mitigated the closing fees plus about 3.5% of the overall investment. If you rent the other 220 points as well, those are pure profit at $2,420 since the maintenance fees were already counterbalanced. You have now paid 20.5% of your overall investment without a penny out of pocket yet. That is *exactly* the sort of deal I have been targeting.
.

It is a 225 point contract but they borrowed 5 points from 2013 (probably banked 2012 points and decided to travel with 2011 banked points) I bought BLT a few years back at 108.00PP direct because that is the only resort we wanted to stay at (location). I thought 108.00 was crazy high but my guide did tell the truth (and I doubted him) that the prices will only go up! We added on SSR and after staying at THV my DD's do not love them (I do!) but we decided to sell 1 SSR resale and get points at a location we love BWV. When we sold SSR we actually made money from the purchase! Of course we were about 3 weeks late in the buying aspect since our 1st contract taken was 55.00PP 3 weeks before a contract for 50.00PP passed.

This is our 4th try at it but the one thing I am sooooo happy with is that it is our UY and it has made me realize when I add on I need to just wait for the right contract at a cost I can afford to pay out of pocket and my UY.

btw I walked away from a contract that was a different UY but came with 650 points (350 point contract) listed for 60.00PP offered full asking sellers then upped the price to 70.00PP - It was more points then we had considered adding but at 60.00PP I was willing to do it not at 70.00 and then the maintenance fees on top of that for the extra 125 points.


Good luck in your search and believe me I considered VGF especially the fixed week aspect until I looked at point cost for stays - BLT is high but but VGF is even higher!!!

 

[maburke]

Closing documents came.
...
Second, on the HOA statement it reads "closing documents received after 12/05/2013 will require the 2014 annual dues to be paid in full prior to transfer of ownership to buyer." I thought we had until January to pay the 2014 dues. Does this mean we will not be able to be "owners" until we pay DVCMC the full 2014 dues? Will that hold up closing?

I just don't want there to be any more delays than need be...and I am just a tad confused.

Maybe you already figured this out, but basically that piece only applies to contracts closed between Dec. 5 and Feb. 14, or when the dues are paid. Basically, for closings right around the time dues are due, they need the dues paid because they wouldn't get the buyer into the system in time to get them invoiced properly before the due date.

 

[d1sn3yguy]

VWL - 200 points Dec. UY $77pp. 200 banked 2011 points, 200 points from 2012 (have asked that those be banked) and 200 points for 2013 coming Dec. 1st. $77/pt. Buyer pays closing and fees.

6/8 - submitted offer
6/8 - offer accepted
6/10 - signed and returned documents
6/10 - submitted to Disney for ROFR

It's a different UY than our existing BWV contract but it was loaded and we love the lodge especially with the proximity to MK so I didn't want to risk waiting for a similar contract with our same UY.

I've already updated my signature in the hopes that it will pass Disney...I hope I'm not jinxing myself...Now the waiting begins...

Congrats to everyone else that have made it through recently!

 

[JessLCH]

Disney just took back out contract. Submitted 5/14, ROFR'ed 6/11:

BLT (Feb UY) $85 per point, 600 points, all points 2013 and fwd, buyer pay admin fee and closing, buyer and seller split 2013 maint fee 50-50

 

[scott2997]

Disney just took back out contract. Submitted 5/14, ROFR'ed 6/11:

BLT (Feb UY) $85 per point, 600 points, all points 2013 and fwd, buyer pay admin fee and closing, buyer and seller split 2013 maint fee 50-50

Sorry to hear.

 

[dvc lover 1970]

Does anyone think it matters if you are dvc or not to make it through the mouse? Or is there no set pattern? I see some priced on the high side that the mouse takes, and others that are lower he lets slide...just wondering.

 

[MSUmom]

I have a question. Just signed for a loaded SSR 150 pts 2011 150 and forward. I also have to pay full dues for 2013. I questioned that but was told that was how it was done. I owe 2 other contracts but bought them both in January when I paid for the year. Any thoughts?

 

[sara mom]

I have a question. Just signed for a loaded SSR 150 pts 2011 150 and forward. I also have to pay full dues for 2013. I questioned that but was told that was how it was done. I owe 2 other contracts but bought them both in January when I paid for the year. Any thoughts?

If you are getting the use of that years points,then paying those MF's makes sense. (You actually reimburse the seller what they paid). If you were purchasing a stripped contract, then I would not pay the MF's.

 

[ImagineerTHAT]

I have a question. Just signed for a loaded SSR 150 pts 2011 150 and forward. I also have to pay full dues for 2013. I questioned that but was told that was how it was done. I owe 2 other contracts but bought them both in January when I paid for the year. Any thoughts?

It's pretty typical that you pay the dues if you are getting the points for the current year. Some negotiate those terms, but I think many people are paying the 2013 fees for contracts they are getting the points for.

 

[a742246]

You can asked them to prorate the MF.

 

[arachnib]

arachnib---350 BWV (Jun), $77, 654 points coming 6/13 and all forward, buyer pays closing and mf (sub 4/17, passed 5/16)

Got word this morning from First American Title Ins. Co that our Boardwalk contract closed yesterday, June 11th. Nothin' now but the waitin'!

5-7 business days to complete the change of ownership.
Final policy and deed will be mailed to me within 2-3 weeks.

 

[DougEMG]

arachnib---350 BWV (Jun), $77, 654 points coming 6/13 and all forward, buyer pays closing and mf (sub 4/17, passed 5/16)

Got word this morning from First American Title Ins. Co that our Boardwalk contract closed yesterday, June 11th. Nothin' now but the waitin'!

5-7 business days to complete the change of ownership.
Final policy and deed will be mailed to me within 2-3 weeks.

Congrats, nice contract

 

[Countryrunner262]

Updated timeline:
5/4: Made offer and accepted (150 SSR, all '12 points forward, June UY)
5/5: contracts sent back to TSS
5/6: went into ROFR
6/3: PASSED ROFR
6/4: received closing documents
6/4: sent documents and check via FedEx
6/7: title company notified us that they received all documents and payment and everything looks good
6/12: received email from TSS, Escrow has CLOSED!!!!

Now just waiting for our points to load.

 

[PaxsMom]

I thought for sure we would hear a lot of ROFR results today... given yesterday was "Tuesday".. This waiting game is beyond nerve-wrecking. I keep looking up the sites for a "Plan B" I am on day 22.. just wishing Disney would give me something! Congrats to all the new DVC owners!!

I will just continue to stalk the board while everyone posts their ROFR waiver info!

 

[Countryrunner262]

I thought for sure we would hear a lot of ROFR results today... given yesterday was "Tuesday".. This waiting game is beyond nerve-wrecking. I keep looking up the sites for a "Plan B" I am on day 22.. just wishing Disney would give me something! Congrats to all the new DVC owners!!

I will just continue to stalk the board while everyone posts their ROFR waiver info!

It took us 28 days to pass ROFR

 

[rusafee1183]

It took us 28 days to pass ROFR

Yep, we passed on day 29 on a Tuesday.

It's agonizing

Sent from my iPhone using DISBoards

 

[MSUmom]

1 1/2 years ago I was reading the threads and bought my first contract, loaded 150 SSR for $65. I also bought a loaded 25 points AK for $85. We went down 4 different times since then and really got a feel for what we wanted, how many points we would like. So I started looking at the resale markets again and reading the DIS Boards. I am now in the process of purchasing another loaded 150 SSR, this time for $80 a point. I am not a good haggler, but when I saw the loaded contract I decided to jump. I also decided to sell my now stripped 25 pt contract. Since all the contracts looked stripped I thought why not and listed it for $100 a point. Listed it this morning and it was sold by 10:30 full asking price. WOW! I know I probably overpaid for the new contract but thought it would be months before I sold the 25 point one.

 

[lchute1158]

Yea that's crazy....not worth buying right now....and with direct purchase incentives and 2012 points thrown in...it is cheaper to go direct now especially on the smaller contracts, I'd say 100 points or less.

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[Dvc CA]

Here has been the timeline so far:

1. Contracts Signed & Submitted to ROFR: 4/4
2. Passed ROFR: 4/29
3. Documents Received: 5/24
4. Docs Returned: 5/28
5. Closing: 6/10
6. Points in account: Not yet

 

[dmunsil]

Two exciting developments:

1. I finally got my member number and got my account set up online. Huzzah! Of course, the rooms I want aren't available. But I kind of expected that I was going to have to work the waitlist and so forth to get what I want.

2. I had a second contract sent off to Disney to start the ROFR process. VGC, 160 points, $106/pt, only 2014 points available (i.e. stripped). This works fine for us because we don't need any points before 2014/2015 anyway. And I would guess that it helps it get through ROFR.

We're on the west coast, and it seemed like having some VGC points would be a good add-on. But then I'm done, I swear! I can quit any time!