ROFR Thread April to June 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[graychef]

UPDATE:

graychef---$142-$32704-210-BLT-Jun-0/22, 418/23, 210/24- sent 4/10, passed 4/26

 

[Epcot Forever Forever]

AHal1023---$152--$15200-100-PVB, Feb -27/22, 100/23, 100/24- sent 4/7 passed 4/26

The notification from the broker contained the following. Does anyone know how long this is truly taking right now?

**PLEASE NOTE DISNEY IS TAKING SEVERAL WEEKS LONGER TO PROVIDE THE WAIVER, WE MUST HAVE THE WAIVER BEFORE CLOSING DOCUMENTS CAN BE PREPARED

The brokers mostly all added disclaimers like this early last year when Disney was taking longer than the 30 days they’re legally obligated to take, because the brokers couldn’t do anything about it. I haven’t heard of a contract taking more than 30 days this year, I’d say 10-20 days is the range the preponderance are falling into now.

 

[HyperspaceMountainPilot]

The brokers mostly all added disclaimers like this early last year when Disney was taking longer than the 30 days they’re legally obligated to take, because the brokers couldn’t do anything about it. I haven’t heard of a contract taking more than 30 days this year, I’d say 10-20 days is the range the preponderance are falling into now.

I have been watching this thread and the closing time thread, and wondering if Disney has realized that slowing down the resale process (both ROFR and closing) costs them literally nothing but could tip some of us with addonitis from resale to direct — for example, if I buy through DVD this week, I can book ahead of 7m window at Christmas and NYE (or book one of next year’s member cruises) immediately—but instead I submitted a contract last week to ROFR— I will definitely miss Christmas, probably will miss NYE also, at the new (slightly) slower peace.

 

[winnieforme]

I actually withdraw a AKV contract that I was selling today so its possible some are legit. Having just spent four nights in a cabin at Copper Creek I've decided we need all the points we can get!

that's good to know. i am sure other sellers are doing the same. have a great time at Copper Creek!

 

[smileyanna]

I have been watching this thread and the closing time thread, and wondering if Disney has realized that slowing down the resale process (both ROFR and closing) costs them literally nothing but could tip some of us with addonitis from resale to direct — for example, if I buy through DVD this week, I can book ahead of 7m window at Christmas and NYE (or book one of next year’s member cruises) immediately—but instead I submitted a contract last week to ROFR— I will definitely miss Christmas, probably will miss NYE also, at the new (slightly) slower peace.

FWIW, my broker told me yesterday that ROFR and the title company (Mason) were taking longer because they are slammed with contracts. I was surprised because my impression from this board is that things have slowed down a bit, but maybe not?

 

[winnieforme]

For some reason none of the actual links work i'm sorry!! hopefully you can figure it out.

hello,
not at all! i have already looked at all of them so they are great!
thank you again for the referrals!

 

[elenex]

FWIW, my broker told me yesterday that ROFR and the title company (Mason) were taking longer because they are slammed with contracts. I was surprised because my impression from this board is that things have slowed down a bit, but maybe not?

It's true on the title company front. I was notified on Friday that we passed rofr and even the legendary Cammy at Mason, fastest in the game, took 3 business days to get docs to us. First time it's been more than 1 business day in my experience, so they are definitely slammed right now. Still very fast even at 3 days, imo.

 

[AHal1023]

It's true on the title company front. I was notified on Friday that we passed rofr and even the legendary Cammy at Mason, fastest in the game, took 3 business days to get docs to us. First time it's been more than 1 business day in my experience, so they are definitely slammed right now. Still very fast even at 3 days, imo.

If the documents were ready in three days from ROFR passing then the waiver from Disney must be timely correct?

 

[elenex]

If the documents were ready in three days from ROFR passing then the waiver from Disney must be timely correct?

I don't know anything about an extra waiver, I just know that generally once the broker informs you you've passed rofr you generally receive closing documents in the next couple of days from the title company.

 

[Epcot Forever Forever]

It's true on the title company front. I was notified on Friday that we passed rofr and even the legendary Cammy at Mason, fastest in the game, took 3 business days to get docs to us. First time it's been more than 1 business day in my experience, so they are definitely slammed right now. Still very fast even at 3 days, imo.

I emailed Cammy last week and she had an out of office up. I think she might have been on vacation.

 

[lilsonicfan]

AHal1023---$152--$15200-100-PVB, Feb -27/22, 100/23, 100/24- sent 4/7 passed 4/26

The notification from the broker contained the following. Does anyone know how long this is truly taking right now?

**PLEASE NOTE DISNEY IS TAKING SEVERAL WEEKS LONGER TO PROVIDE THE WAIVER, WE MUST HAVE THE WAIVER BEFORE CLOSING DOCUMENTS CAN BE PREPARED

If the documents were ready in three days from ROFR passing then the waiver from Disney must be timely correct?

I could be wrong but I think there are two parts to passing ROFR - first, of course, DC waives their ROFR, and then they complete "estoppel" (not how I understood the word) which means they verify the contract details, ensure dues are paid, etc. But I think those happen at the same time. So since your contract has passed ROFR, the title company should be all good to get the closing docs to you and to the seller - except that they are swamped so it's taking longer.

 

[DonMacGregor]

If the documents were ready in three days from ROFR passing then the waiver from Disney must be timely correct?

The waiver IS the notice of waiving their right to ROFR.

 

[Disney_escape]

Updated, this is the only format I can do on my phone right now. Also, this passed before my other contract supposedly submitted 4/3.

wow, what company did you buy through?

 

[Disney_escape]

UPDATE:

MommyTo5---$125-$21918-160-BLT-Aug-0/22, 320/23, 160/24- sent 4/7, passed 4/25

MommyTo5---$125-$21918-160-BLT-Aug-0/22, 320/23, 160/24- sent 4/7, passed 4/25

So very excited!!! DVC has waived ROFR on both contracts!

Was that your first offer to them? or how low did you start? What company?

 

[Disney_escape]

Agreed, I found they replied so fast it seemed like they weren't actually presenting the offers and were negotiating on behalf of their sellers.

Same experience, and actually caught the broker doing just that, He slipped up and busted himself. I found a better contract & better price at Fidelity. Contract signed today.

 

[shellabella2]

Question for all you resale veterans... do you even look at the per point listing price and/or factor that into your offer at all? Or do you just look for the number of points and put in an offer in regardless of whatever the listing price it? So many of the listings I see are so much higher than what they are apparently selling for on this thread. Grateful to have this resource! lol.

 

[Epcot Forever Forever]

Question for all you resale veterans... do you even look at the per point listing price and/or factor that into your offer at all? Or do you just look for the number of points and put in an offer in regardless of whatever the listing price it?

I did the second one. I got a lot of counters that didn’t move or barely moved. If someone was especially insanely priced ($40+/point more than I wanted to pay) I just ignored the listing altogether.

Ultimately, 1 reply moved a lot and I was close to taking it. Another countered moderately and I countered back at a price I was happy with and they took it. The other dozen or so were noes.

You have to genuinely not care if you get a contract or not to carry on this way, IMO. It’s too discouraging to be repeatedly rejected otherwise.

 

[Good Ol Gal]

While I'm waiting on my ROFR I'm stalking the deeds so I thought I'd share. First time I've dug into deeds.
Foreclosures not included.

AKV deeds recorded April 19-26

50 points - $110, $137, $137, $147, $151
100 points - $110, $116, $118, $119, $120
125 points - $120
135 points - $110
150 points - $110, $110
160 points - $90, $92, $94, $108, $108, $109, $117, $119, $120, $125
180 points - $118, $118
200 points - $115
210 points - $142.86
220 points - $100
234 points - $109
270 points - $115
300 points - $83.33
320 points - $116

Average of $115.58

 

[HyperspaceMountainPilot]

While I'm waiting on my ROFR I'm stalking the deeds so I thought I'd share. First time I've dug into deeds.
Foreclosures not included.

AKV deeds recorded April 19-26

50 points - $110, $137, $137, $147, $151
100 points - $110, $116, $118, $119, $120
125 points - $120
135 points - $110
150 points - $110, $110
160 points - $90, $92, $94, $108, $108, $109, $117, $119, $120, $125
180 points - $118, $118
200 points - $115
210 points - $142.86
220 points - $100
234 points - $109
270 points - $115
300 points - $83.33
320 points - $116

Average of $115.58

This is great, thanks. Can I, as a non-relator, stalk deeds for some of the other properties?

Crunching this data, and ignoring the amazing outlier of $83.33, it looks like you see the very best deals at odd size contracts (160, 220) and prices trend down the more you buy. I know I’ll be a little annoyed managing multiple UY contracts, but it does generally seem easier to unload contracts the smaller they are.

 

[winnieforme]

While I'm waiting on my ROFR I'm stalking the deeds so I thought I'd share. First time I've dug into deeds.
Foreclosures not included.

AKV deeds recorded April 19-26

50 points - $110, $137, $137, $147, $151
100 points - $110, $116, $118, $119, $120
125 points - $120
135 points - $110
150 points - $110, $110
160 points - $90, $92, $94, $108, $108, $109, $117, $119, $120, $125
180 points - $118, $118
200 points - $115
210 points - $142.86
220 points - $100
234 points - $109
270 points - $115
300 points - $83.33
320 points - $116

Average of $115.58

This is wonderful, thank you!