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

[Iestyn5150]

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!

Thanks for that. As an international buyer will I receive physical letters in the post or in email format?

 

[Bruin_mouse]

Thanks for that. As an international buyer will I receive physical letters in the post or in email format?

No worries. There seem to be quite a few international owners (particularly in the UK) so I would hope Disney has a process to mail the letters internationally, but I don't know. If you bought through one of the big DVC resale brokers I would contact your agent, I'm sure they will have an answer for you.

 

[Marionnette]

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?

Closing and deed recording are all handled by your broker and the title company. You don’t have to do anything more at this point.

It takes about 2-4 weeks after the deed is recorded for DVC to mail membership documents out to you. If you are adding on to an existing membership (same UY, titled the same), you will see the new contract in your account about 2-3 weeks after the deed is recorded and the title company notifies DVC of the ownership change. Points are added to that contract a few days later. If you are a new member, you will get a membership number in a snail mail followed by an activation code in a separate snail mail.

 

[Iestyn5150]

Closing and deed recording are all handled by your broker and the title company. You don’t have to do anything more at this point.

It takes about 2-4 weeks after the deed is recorded for DVC to mail membership documents out to you. If you are adding on to an existing membership (same UY, titled the same), you will see the new contract in your account about 2-3 weeks after the deed is recorded and the title company notifies DVC of the ownership change. Points are added to that contract a few days later. If you are a new member, you will get a membership number in a snail mail followed by an activation code in a separate snail mail.

Thanks to you too! So I’ll get physical mail even though I’m in the UK?

 

[chicagoshannon]

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.

I guess Disney is no hurry to give up their money! We got our closing documents yesterday so it took 3 weeks and 2 days from when Disney passed on ROFR.

 

[arminnie]

I guess Disney is no hurry to give up their money! We got our closing documents yesterday so it took 3 weeks and 2 days from when Disney passed on ROFR.

I had a contract taken in December. I got my docs very quickly via Fed Ex. I sent it back the next day. And got my check just days later. It was very quick.

But I had another contract taken last week. So far nothing - but I kind of expected that as there is a delayed closing (June 26) because of a reservation I rented out. I was in a hurry to get my money in December (for end of year tax reasons) - but I'm not in a hurry this time.

 

[Megb1]

Congrats, that is a great price for the Grand Californian, Megb1

Thank you! We jumped at this deal...we originally were looking at $180-$195/point and knew they would go quick!

 

[suemom2kay]

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

Good luck! I LOVE AKV!

 

[AKJ888]

AKJ888---$115-$12232-100-AKV-Jun-0/18, 32/19, 100/20- sent 5/30

 

[tarajean1962]

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

Wow! This is the first time we have attempted to buy through resale. After reading this thread, I am thinking there is a hot snowballs’s chance that this will pass!. Our first contract is through DVC direct. I am an eternal optimist but I am not dumb either, so thanks for the encouragement, but I will faint if this goes through!!

Great thread BTW!! Very informative!!

 

[Iestyn5150]

Wow! This is the first time we have attempted to buy through resale. After reading this thread, I am thinking there is a hot snowballs’s chance that this will pass!. Our first contract is through DVC direct. I am an eternal optimist but I am not dumb either, so thanks for the encouragement, but I will faint if this goes through!!

Great thread BTW!! Very informative!!

You never know, that works out at $117 per point with dues added in, you have a good chance of passing at that price.

 

[Cusegirl614]

Wow! This is the first time we have attempted to buy through resale. After reading this thread, I am thinking there is a hot snowballs’s chance that this will pass!. Our first contract is through DVC direct. I am an eternal optimist but I am not dumb either, so thanks for the encouragement, but I will faint if this goes through!!

Great thread BTW!! Very informative!!

We just had a very similar one pass (I can’t update my post until I get on the computer though). I was sure it wasn’t going to! I think AKV is so unpredictable. Good luck!

 

[chicagoshannon]

Wow! This is the first time we have attempted to buy through resale. After reading this thread, I am thinking there is a hot snowballs’s chance that this will pass!. Our first contract is through DVC direct. I am an eternal optimist but I am not dumb either, so thanks for the encouragement, but I will faint if this goes through!!

Great thread BTW!! Very informative!!

My $100 per point AKV passed in May so you never know.

 

[tarajean1962]

You never know, that works out at $117 per point with dues added in, you have a good chance of passing at that price.

Thanks for the glimmer of hope!!

 

[tarajean1962]

We just had a very similar one pass (I can’t update my post until I get on the computer though). I was sure it wasn’t going to! I think AKV is so unpredictable. Good luck!

Thanks for the encouragement!

 

[tarajean1962]

My $100 per point AKV passed in May so you never know.

Thanks for your kind words!!

 

[Troy821]

Troy821---$148-$12238-75-PVB-Oct-0/17, 0/18, 75/19, 75/20- sent 6/7

 

[marsh0013]

I will get the correct format when I get home tonight. I hadn't posted because I was afraid to jinx it but we passed!

AKV March use year 100 points with 35 banked from '18 and all going forward. Was listed for $105 but we offered and paid $113, I didn't want to risk it being taken. Sent May 20, passed June 7.

Broker is Fidelity and we specified to use Jeffrey C. Sweet to avoid standard delays with First American. So excited!!!

We already own 100 BWV purchased resale in 2012 but have been getting points transferred in almost every year and we're borrowed out on it, so it was time to add on. Just wish we had done it sooner!

 

[Cusegirl614]

cusegirl614---$106-$18691-160-AKV-Dec-0/18, 223/19, 160/20- sent 5/21, passed 6/7

 

[Iestyn5150]

cusegirl614---$106-$18691-160-AKV-Dec-0/18, 223/19, 160/20- sent 5/21, passed 6/7

Nice! Just under $117 per point with dues factored in. My theory seems to be holding water.