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How long for ROFR?

Bill8777

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So, as I mentioned in another thread, I bid and won two different VV 2 bedrooms on Ebay. One at Parkway (?) and the other at Weston. Anyhow, they both have right of first refusal. Anyone have any idea how long it will take for me to find out? The not knowing is torture. I'm seeing so many units on here for sale. Also, how do people manage setting up RCI. I've explained to the different closing companies that I will only need one membership and it should go to whichever closes first.

Thanks for your time,

Bill
 

escanoe

TUG Review Crew
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Resorts Owned
HGVC: Flamingo & Anderson Ocean Club
Vacation Village: Woodstone at Massanutten and Grandview (RCI Points) & the Colonies
Daily Management is not going to exercise ROFR. Has anyone reported or heard of them doing that?

They are going to knock the tires on your being a real purchaser and not a Viking ship, and it could take them a while unless they have speeded up the process.

You would be going through the same process wherever you bought it.

Are these units RCI Points contracts? Unless they are enrolled in points, you set up the RCI account on your own rather than dealing with the closing company.

If they are points, you will pay to establish the account when the first one goes through.
 

WorldT

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The ROFR with VV is not really a true ROFR. It seems they are just using it to weed out people with delinquent accounts. I am still waiting for one from early May. Daily Management is the company that handles the management for most (if not all VV properties). They have been kinda slow recently. My purchase in January this year went through in under 1 month.
As for setting up RCI, if you are using different closing agents and both were submitted to DM at the same time, the different agents would not be able to see which one comes through first. So you might want to have the closing agent contact you first before submitting to RCI for processing so you will know who is going first. That way, you can tell the second person to cancel RCI setup to avoid two accounts.
 

Bill8777

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The ROFR with VV is not really a true ROFR. It seems they are just using it to weed out people with delinquent accounts. I am still waiting for one from early May. Daily Management is the company that handles the management for most (if not all VV properties). They have been kinda slow recently. My purchase in January this year went through in under 1 month.
As for setting up RCI, if you are using different closing agents and both were submitted to DM at the same time, the different agents would not be able to see which one comes through first. So you might want to have the closing agent contact you first before submitting to RCI for processing so you will know who is going first. That way, you can tell the second person to cancel RCI setup to avoid two accounts.
Thank you. I notified the second one but I probably need to notify them both. Thanks for the help.
 
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