ROFR Thread April to June 2019 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[ScubaCat]

SherylLC---$136-$24530-170-BCV-Apr-0/18, 340/19, 170/20- sent 5/16, taken 6/4

That's just wrong!

 

[Paul_S]

Got one at last!

Paul_S---$112-$12905-104-OKW-Aug-0/17, 0/18, 208/19, 104/20- sent 5/15, passed 6/4

 

[espov]

Congrats! I would have been really surprised if disney took that since it's Poly. I guess there always has to be a first though.

That’s why we put our offer in with Polynesian. We had one taken before the restrictions in blt now just wished we would have just made our initial offer at Polynesian. ( sorry for run on sentence)

 

[Troy821]

That’s why we put our offer in with Polynesian. We had one taken before the restrictions in blt now just wished we would have just made our initial offer at Polynesian. ( sorry for run on sentence)

I just put one in with Poly too. I’m fairly new to this though. What’s the thinking as to why it seems like all the Poly contracts are skating through?

 

[crvetter]

I just put one in with Poly too. I’m fairly new to this though. What’s the thinking as to why it seems like all the Poly contracts are skating through?

I personally think it is a multitude of thing but mostly it is a newer resort: 1) where resales are hitting the market at a quick pace because its likely now where those that financed can come out without bringing cash to the table, thus more choices for Disney to take so appears less is taken because of the higher choices, 2) there isn't much interest in the resort for those buying direct or 3) Disney could be getting a fair amount through foreclosure that they don't need to buy any back.

My guess is its a mix of all 3 for why the buyback rate is lower, though perhaps the actual number of points is fairly similar. As for the thoughts #2 is probably fairly important because it isn't the cheapest resort so doesn't appeal to the bargain shoppers buying direct, only offers functionally studios.

 

[chicagoshannon]

I just put one in with Poly too. I’m fairly new to this though. What’s the thinking as to why it seems like all the Poly contracts are skating through?

It's priced pretty high since it's still a pretty new resort, so Disney doesn't need to buy them to inflate the resale price. Disney also woldn't make much of a profit since it is priced so close to buying direct. Also agree with above that there are probably enough in foreclosure that they don't need to buy back yet.

Another resort that Disney has been passing on lately is BRV. Probably because they're still selling/just got done selling CCV. So if you want to be at Wilderness Lodge BRV is a good bargain at the moment.

 

[KAT4DISNEY]

I just put one in with Poly too. I’m fairly new to this though. What’s the thinking as to why it seems like all the Poly contracts are skating through?

It's a typical trend where the newest resorts are rarely if ever bought back. DVC is likely getting points back other ways to fulfill any requests for point purchases. At this point a lot of contracts would still be financed and if the owners want/need to get out and would have to pay some in if they sold they will just forfeit it back to DVC.

 

[suemom2kay]

Has anyone that submitted 5/16-5/17 heard back? They have been on a two week turnaround and of course now that my 2 weeks are up they are delayed again...

What location? My BCV took 23 days.

 

[suemom2kay]

SherylLC---$136-$24530-170-BCV-Apr-0/18, 340/19, 170/20- sent 5/16, taken 6/4

Oh so sorry to see that pretty contact go!

 

[suemom2kay]

My resale timeline...

suemom2kay---$140-$22725-150-BCV-Feb-150/18, 150/19, 150/20, 150/21 (already posted on first page)

4/26 Offer accepted (The Timeshare Store)
4/27 Sent to DIsney
5/22 Passed ROFR
5/24 Closing documents received from Marcelo (Mason Title)
5/27 Buyer closing docs returned to Marcelo
5/31 Seller closing docs returned to Marcelo
6/5 Closed

I will update when I receive my docs from Disney. I owned previously but had to sell so this will be like a brand new owner (although MS told me I’m still in their system as I called them with an unrelated question). So we shall see!

 

[chicagoshannon]

My resale timeline...

suemom2kay---$140-$22725-150-BCV-Feb-150/18, 150/19, 150/20, 150/21 (already posted on first page)

4/26 Offer accepted (The Timeshare Store)
4/27 Sent to DIsney
5/22 Passed ROFR
5/24 Closing documents received from Marcelo (Mason Title)
5/27 Buyer closing docs returned to Marcelo
5/31 Seller closing docs returned to Marcelo
6/5 Closed

I will update when I receive my docs from Disney. I owned previously but had to sell so this will be like a brand new owner (although MS told me I’m still in their system as I called them with an unrelated question). So we shall see!

That's great. I would say if you're looking for a quick turn around after passing ROFR do NOT use Fidelity. lol

We passed ROFR on 5/14 (I think that was the date) and just got our closing documents today. lol I'm fine with it as we're not planning a trip until later in 2020 but I know most people are in much more of a hurry. Our actual closing date is set for July 1 so they're not breaking contract with taking this long. Just watch your dates I guess is the warning. Other than the sloooooow process with Fidelity they have been great with answering questions etc.

 

[JasonMak2000]

Officially in the game now! First time dvc member!

JasonMak2000---$160-$28485-170-VGF-Oct-0/18, 170/19, 170/20- sent 5/14, passed 5/29

 

[suemom2kay]

Officially in the game now! First time dvc member!

JasonMak2000---$160-$28485-170-VGF-Oct-0/18, 170/19, 170/20- sent 5/14, passed 5/29

Good luck!

 

[suemom2kay]

That's great. I would say if you're looking for a quick turn around after passing ROFR do NOT use Fidelity. lol

We passed ROFR on 5/14 (I think that was the date) and just got our closing documents today. lol I'm fine with it as we're not planning a trip until later in 2020 but I know most people are in much more of a hurry. Our actual closing date is set for July 1 so they're not breaking contract with taking this long. Just watch your dates I guess is the warning. Other than the sloooooow process with Fidelity they have been great with answering questions etc.

Agreed! If I found a good deal on Fidelity, I would do it. So glad I found my dream DVC on DVC Store. Love working with those guys!

 

[chicagoshannon]

Agreed! If I found a good deal on Fidelity, I would do it. So glad I found my dream DVC on DVC Store. Love working with those guys!

I'm actually happy we went with Fidelity (although we would have gone through whomever we found the best deal) because it's given us more time to get all our ducks in a row with the finances. We got a whole extra month to put money aside. lol

 

[tarajean1962]

Tarajean1962---$105-$23447-200-AKV-Dec-0/17, 0/18, 318/19, 200/20- sent 6/5

 

[chicagoshannon]

Tarajean1962---$105-$23447-200-AKV-Dec-0/17, 0/18, 318/19, 200/20- sent 6/5

Good luck!

 

[Iestyn5150]

Evening everyone. Right, I’m very close to finalising my DVC purchase so was wondering if anyone can shed some light on the final two processes. My broker has told me that the purchase is now being closed and recorded by the county, what does that involve exactly? After that it’s over to Disney to do the transfer and issue new title deeds and I believe that’s it! How long does that part usually take anyone?

 

[lovin'fl]

let us know how long it takes to get your check from Disney. I'm curious about that.

Will do. Broker said paperwork would arrive around May 30 (2 weeks). I will come back and tell the full timeline.

SO....still no documents from Disney....3 weeks after I was told they were taking it in ROFR. Emailed broker on Monday and he messaged DVC but no response. Broker said they are behind and even have been taking long times to respond to brokers. My closing date, on original doc, is in 2 weeks. Yep, I am ticked.

EDIT to add: Oddly, the doorbell just rang and it was Fedex with my docs. They say that once they receive them back it will be 2-3 weeks before they disperse our check. Sigh.

 

[Bruin_mouse]

Evening everyone. Right, I’m very close to finalising my DVC purchase so was wondering if anyone can shed some light on the final two processes. My broker has told me that the purchase is now being closed and recorded by the county, what does that involve exactly? After that it’s over to Disney to do the transfer and issue new title deeds and I believe that’s it! How long does that part usually take anyone?

I don't remember the process exactly, but the idea is that when they county records the deed you are the new legal owner of that property. After that occurs (it might be simultaneously but I can't remember) Disney will setup an account for you in their system, assign you an Owner ID and a membership number. If you're a first time owner you'll get one letter with your membership number and another letter with an activation code. You then call DVC with this information to setup your online account and away you go. This thread is pretty handy for gauging roughly how long it will take:

https://www.disboards.com/threads/closing-time.3392820/
Good luck!