ROFR Thread Jan to March 2023 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[kandlsutton]

I wonder what it is about Copper Creek that is leading to these buybacks?

2068

And a point chart that is very similar to 2042 Boulder Ridge (and some other 2042 resorts).

 

[sweet_pea]

$158-$17230-100-CCV@WL-Aug-200/22, 100/23, 100/24- sent 1/15, passed 2/6

Got our email tonight that we passed ROFR and estoppel has been issued! Over the moon. This will be our first (most likely not the last) contract. Can't wait to get closing completed and booking our first stay.

 

[Jimmy Geppetto]

Ok. You really need to stop making sense! I thought I had buried my desires to buy VDH months ago. Now I’m back to square one. I’ll be completely lost when it actually goes on sale.

Yeah but it doesn't have any balconies. And you need the cash for Beach Club!

 

[Jimmy Geppetto]

Here is the original language from my contract:

There are 143 points available now + 150 points coming Dec 1, 2023 and every year thereafter. BROKER, is not liable for point inaccuracies when/if discovered BROKER, the Disney Vacation Club (during their review of the contract terms for Right of First Refusal), or the title company at closing. Any points remaining from previous Use Years at time of closing transfer to Buyer.

IMHO this protects the broker but does nothing to protect me. Here is the addendum I had the broker add:

Buyer and Seller agree that if there are less points available, at time of closing, than stated in the
contract then the Buyer has the right to cancel the contract and have the deposit refunded in full or
the buyer may proceed with the transaction and receive a rental fee from the seller of $25.00 per
point for the missing points. This is at the buyer's sole discretion.

this has just my experience and opinion. I am not an attorney.

who was the broker?

 

[sleepymouse]

Here is the original language from my contract:

There are 143 points available now + 150 points coming Dec 1, 2023 and every year thereafter. BROKER, is not liable for point inaccuracies when/if discovered BROKER, the Disney Vacation Club (during their review of the contract terms for Right of First Refusal), or the title company at closing. Any points remaining from previous Use Years at time of closing transfer to Buyer.

IMHO this protects the broker but does nothing to protect me. Here is the addendum I had the broker add:

Buyer and Seller agree that if there are less points available, at time of closing, than stated in the
contract then the Buyer has the right to cancel the contract and have the deposit refunded in full or
the buyer may proceed with the transaction and receive a rental fee from the seller of $25.00 per
point for the missing points. This is at the buyer's sole discretion.

this has just my experience and opinion. I am not an attorney.

The contract that I recently signed for resale already has very similar language except the per missing point charge is listed as $20.

 

[HIRyeDVC]

Yeah but it doesn't have any balconies. And you need the cash for Beach Club!

That’s it! I need to hold out until that Yacht Club conversion!

 

[NVDISFamily]

NVDISFamily---$125-$14140-100-AKV-Jun-0/22, 162/23, 100/24- sent 1/16, passed 2/6

One down, two to go.

 

[intamin]

Ok. You really need to stop making sense! I thought I had buried my desires to buy VDH months ago. Now I’m back to square one. I’ll be completely lost when it actually goes on sale.

Let me help you, just buy more VGC. Grand villa views of world of color for a week minimum annually or go home

 

[HIRyeDVC]

Let me help you, just buy more VGC. Grand villa views of world of color for a week minimum annually or go home

You must think my bathroom looks like this. Well, it doesn’t!

 

[intamin]

You must think my bathroom looks like this. Well, it doesn’t!

LOL for real though, imo VGC is superior both from a location but also a theming standpoint. The thing that held me back from getting VDH is pretty much knowing that if I bought VDH, I'd just turn around and be jealous I didn't own VGC so I'm just going to wait to get it. If you have enough VGC and you don't care about being able to use the points at future resorts/longer contract then I'd be content if I were you.

 

[NVDISFamily]

Let me help you, just buy more VGC. Grand villa views of world of color for a week minimum annually or go home

Speaking my language. VGC por vida!

 

[DKZB]

who was the broker?

Name is blocked. I really like this broker just don’t like this one aspect of their contract. Thankfully they were happy to add the addendum!

 

[DKZB]

Just out of curiosity, has anyone used Jeffrey Sweet Esq. for closing? I’ve only used Mason which has been a great decision. I’ve heard mediocre things about First American. I can’t recall anyone saying anything positive or negative about Jeffrey Sweet.

 

[DisneyTakeAllMyMoney]

Just out of curiosity, has anyone used Jeffrey Sweet Esq. for closing? I’ve only used Mason which has been a great decision. I’ve heard mediocre things about First American. I can’t recall anyone saying anything positive or negative about Jeffrey Sweet.

I did back in 2019 for one of my contracts - as I recall it was a good experience - nothing particularly noteworthy, but I believe it was a cheaper option than the mainstream companies through the broker I bought from, so I tried it and had no issues.

 

[Einstein509]

Here is the original language from my contract:

There are 143 points available now + 150 points coming Dec 1, 2023 and every year thereafter. BROKER, is not liable for point inaccuracies when/if discovered BROKER, the Disney Vacation Club (during their review of the contract terms for Right of First Refusal), or the title company at closing. Any points remaining from previous Use Years at time of closing transfer to Buyer.

IMHO this protects the broker but does nothing to protect me. Here is the addendum I had the broker add:

Buyer and Seller agree that if there are less points available, at time of closing, than stated in the
contract then the Buyer has the right to cancel the contract and have the deposit refunded in full or
the buyer may proceed with the transaction and receive a rental fee from the seller of $25.00 per
point for the missing points. This is at the buyer's sole discretion.

this has just my experience and opinion. I am not an attorney.

I've had similar language in three of my resale contracts. Thought this was standard practice, so not sure why your broker omitted this clause unless maybe the seller asked them to.

 

[DKZB]

I've had similar language in three of my resale contracts. Thought this was standard practice, so not sure why your broker omitted this clause unless maybe the seller asked them to.

I recall the same situation with this broker's contract a few years back so I don't think it was seller specific. I've also had a number of other transactions from other brokers that did include the language I ultimately requested.

My only point of sharing was to encourage the newer/less experienced member of this thread to read their contract and alert them to a specific example.

 

[AKAddict]

Wowzers! What a price. That’s a 46% off the direct price. Why anyone would buy direct at this point is beyond me. Disney has screwed itself when it comes to competing with resale.

Shhhhhhh.

I need the ROFR beast to sleep at least a little longer while my contracts go through.

 

[Smudge1100]

Shhhhhhh.

I need the ROFR beast to sleep at least a little longer while my contracts go through.

SNAP!!

I feel for my brother, a month into being DVC Guide now from a DVCA, going to be a long year for him

 

[JohnGypsy]

The contract that I recently signed for resale already has very similar language except the per missing point charge is listed as $20.

Same here except it is $25.

I'd actually be a bit concerned about a broker that doesn't already have something like that written into the contract. I know the other guy says that he really likes his broker -- but, again, seems weird that it wasn't already written in.

That being said, the broker that I use has a typo/mistake in their contract that I reported to them back in 2019 that still hasn't been fixed... So, maybe I'm not one to talk.

(If we're allowed to mention it, I'm using Fidelity.)

 

[Sandisw]

Because this keeps getting asked, here are the rules regarding businesses. It is a good read for everyone!

https://www.disboards.com/threads/p...-site-you-wish-to-mention-or-discuss.3821848/