ROFR Thread July to Sept 2018 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[sndral]

Even with a little hiccup with the seller's name and having to fix that, we passed ROFR in 17 days. Yay!

hichicha---$110-$19407-160-AKV-Dec-0/16, 160/17, 320/18, 160/19- sent 8/6, passed 8/23

I'm sad to report the contract didn't have all the points as advertised and we have asked to cancel the contract.

Dang
I wondered about those point totals when I saw them. For there to be a double allotment in 2018 (320 points) & full 2019 points, they had to have banked the 2017 points into 2018, yet instead of zero 2017 points (since they had to be banked to get 320 into 2018) it showed 160 points for 2017 - so those 2017 points had to be banked from 2016.
w/ a Dec. use year those 2017 points would expire 11/30/2018, and given how very booked everything is this fall it would have been really hard to even use those 2017 points once you’d closed. Even if the 2017 points weren’t banked it’s beyond the banking deadline for a Dec. use year.
Realistically once you are beyond the banking deadline, current use year points have limited value especially during the fall/holidays because everything is booked - there’s no place to use them.
My first contract had a full allotment of current years points which the sellers had not banked before the deadline & by the time we closed those points had expired - but I knew when I offered that those points were likely to be useless so I offered an amount that took that into account.

 

[Matty B13]

Matty B13---$139-$7733-50-AKV-Mar-50/17, 50/18, 50/19, 50/20- sent 8/9, passed 8/22

Sorry to throw the skew off for AKV contracts, but it saved us over $1000 compared to going direct, and after renting the 2017, 2018, & 2019 points it will put us at around $110/point including closing costs......... as long as we don't use them instead of renting them.

Also, the fastest ROFR that we have had ever.

 

[Mumof4mice]

RedFlower —- $152.5- $30600 - 200 - VGF - Jun - 0/17, 400/18, 200/19 - buyer pays 2018 MF - sent 8/10, passed 8/23

Super excited!

I was right! There's no Drunken Monkey guarding VGF.
Congratulations

 

[SherylLC]

RedFlower —- $152.5- $30600 - 200 - VGF - Jun - 0/17, 400/18, 200/19 - buyer pays 2018 MF - sent 8/10, passed 8/23

Super excited!

OMG...I so admire our purchasing skills!

Mumof4mice's as well!

 

[ScubaCat]

RedFlower —- $152.5- $30600 - 200 - VGF - Jun - 0/17, 400/18, 200/19 - buyer pays 2018 MF - sent 8/10, passed 8/23

Super excited!

Could you please click that link near the top of post #1 in this thread to reformat that for the list? Much appreciated!

 

[intertile]

So sorry! Who was your broker? This happened on my contract too, but we decided to proceed since it was a good price per point to begin with. I thought it was pretty sloppy to not get everything right stated on the contract, but someone said there's no way for them to verify the points upfront. I'm not really sure if that's true, but it's what I've been told that they're relying on the sellers' word.

I'm in the process of selling a contract now, and there are some things that the broker should do.

1) they can request a printout from disney to verify the points available in your contract(that can change if a reservation is made or transfer done between contract listing and selling)
2) we an offer is made and accepted my broker sent me an additional disclosure form that I had to sign. It listed the points in the contract as they were during the original verification, and stated if there was any change from entering rofr to closing I would be subject to a $18/point penalty or cancellation of the sale.

As with any real estate transaction, the is always the possibility of someone doing something immoral and that is why there are so many steps to verify by the title companies.

 

[intertile]

Just had a contract I am selling submitted to ROFR...do sellers list contracts here as well as buyers? Same format?

 

[TexasChick123]

Just had a contract I am selling submitted to ROFR...do sellers list contracts here as well as buyers? Same format?

Yes. I did.

 

[pangyal]

Updated!

Hey, I had some time between the wine and the cordials here at AKL. Gotta keep busy somehow!

 

[ScubaCat]

Updated!

Hey, I had some time between the wine and the cordials here at AKL. Gotta keep busy somehow!

Woohoo!

In other news, I hacked into @pangyal 's DVC account. I won't reveal too much out of respect (and don't want to violate Dis guidelines obviously), but this part is impressive:






DISCLAIMER: This is fake.

 

[intertile]

intertile (seller)---$103-$23364-220-SSR-Oct-0/16, 0/17, 140/18, 220/19- sent 8/27

 

[Preacherroe]

So after my title company closes the contract and sends it to Disney, how long do I have to wait before I can start calling Disney to get membership #?

 

[DisneynBison]

I'm in the process of selling a contract now, and there are some things that the broker should do.

1) they can request a printout from disney to verify the points available in your contract(that can change if a reservation is made or transfer done between contract listing and selling)
2) we an offer is made and accepted my broker sent me an additional disclosure form that I had to sign. It listed the points in the contract as they were during the original verification, and stated if there was any change from entering rofr to closing I would be subject to a $18/point penalty or cancellation of the sale.

As with any real estate transaction, the is always the possibility of someone doing something immoral and that is why there are so many steps to verify by the title companies.

I went through Fidelity and in my offer I requested the points be banked. It took a bit longer to get the contract because they had the seller bank them and then requested a new point summary from Disney showing the banked points. Then they sent out the contract to be signed by the seller and myself.

 

[Carlymouse]

Just curious: Anyone else out there who was part of that 8/13-8/14 ROFR pass bonanza who is DVCResaleMarket/Magic Vacation Title?

If so, has anyone gotten closing docs yet?

 

[TexasChick123]

So after my title company closes the contract and sends it to Disney, how long do I have to wait before I can start calling Disney to get membership #?

I'd say a minimum of 10 days. They are SLOW to create a new account and load the points!!! Mine have taken anywhere from 9 days to over 2 weeks, and I am a current member. On my first one, I think it took over two weeks after closing until everything loaded into the system.

 

[tbfkc]

We are going for our third contract - the obsession is getting out of hand

tbfkc---$139-$18079-125-BLT-Oct-0/17, 7/18, 125/19- sent 8/22

 

[kboo]

RedFlower —- $152.5- $30600 - 200 - VGF - Jun - 0/17, 400/18, 200/19 - buyer pays 2018 MF - sent 8/10, passed 8/23

Super excited!

Great price for so many points! Way to go!

 

[kboo]

So after my title company closes the contract and sends it to Disney, how long do I have to wait before I can start calling Disney to get membership #?

You can see in the closing time thread what people's timelines are. Mine took a surprisingly long time from contract recorded date to points loaded - I heard there were a lot of people on vacation and it was a nail-biter as I had expiring points I was trying to use. In the past, it has been faster. But if you scan the closing time thread you can get a sense. As a new owner, I would expect at least 10 days, as @TexasChick123 said.

 

[osera1]

Just curious: Anyone else out there who was part of that 8/13-8/14 ROFR pass bonanza who is DVCResaleMarket/Magic Vacation Title?

If so, has anyone gotten closing docs yet?

Yes, I received mine on 8/23/18 via email. I'm not sure if it matters, but this is a cash purchase, so no finance documents needed on my end. Not sure about the seller.

 

[Rick195275]

Anyone else still waiting to hear from 8-7 or earlier? I saw a few pass after the log jam cleared last week but still no word here.