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Ready to buy, push me over the edge
- Thread starter CaptainAmerica
- Start date
What is "stripped"?
nickys
Premium Member
Where there are no current points and sometimes even none in the next use year either because they’ve been used already. Although right now there should be at least 50% in the next use year, due to the borrowing restriction.
Why would Disney buy those back in particular? Just because they're usually selling at a lower price per point?
aliceismad
Well-Known Member
I'm just guessing, but if there are no points attached to them and they're selling on the low side, Disney can sit on them and sell them in a year or two when the market is stronger?
A few misconceptions on your part.
We have walked to the West Side of DS from the Grandstand in about 5 minutes. Not a bad walk at all. I would also count the quiet pools and boat transport to DS as an advantage as well.
SSR is less than a 10 minute drive to MK, EPCOT, and HS, so hardly distant.
As far as not having a Disney feel, I have to ask - what kind of Disney feel do the Contemporary, Grand Floridian, Beach Club, Yacht Club, or Old Key West have? What does "have a Disney feel" mean to you? All of them have subtle Disney touches, as does SSR. Of course, this is my opinion, and I know that some people disagree with it.
CastAStone
5th gate? Just build a new resort Bob.
They’re the cheapest. They can replenish them if they want, using points they have or that they get back from the lockoff premium, or swap them for the developers contracts they have to hang on to.
AKL (as well as SSR) has been a very popular direct purchase this last year, so Disney has needed to buy back a ton of points to keep the sales moving.
I'm really irritated. Everything is electronic, I don't understand what could be taking them so long. You can do it from your phone. It takes 30 seconds.
nickys
Premium Member
Sellers have to sign actual papers and return them.
nickys
Premium Member
It might depend on which title company is being used I guess.
CastAStone
5th gate? Just build a new resort Bob.
As best as I’ve been able to discern from Disboards, international sellers have to physically sign and domestic sellers it depends
nickys
Premium Member
Plus there can be all kinds of reasons for a delay:
- change of heart
- part of an estate, waiting for probate
-part of divorce proceedings and both parties must sign
- illness, unforeseen circumstances
-sellers “out of town” or otherwise uncontactable
- international sellers also need it witnessed (forget the legal term) which can only be done by a US embassy*
* which could be impossible right now; however you should have been told up front of you have an international,seller
- change of heart
- part of an estate, waiting for probate
-part of divorce proceedings and both parties must sign
- illness, unforeseen circumstances
-sellers “out of town” or otherwise uncontactable
- international sellers also need it witnessed (forget the legal term) which can only be done by a US embassy*
* which could be impossible right now; however you should have been told up front of you have an international,seller
Indy_UK
Well-Known Member
We are from the UK and our contracts were signed digitally online which is what has gone to Disney for ROFR.
after that closing documents I believe is what is sent via post. Here we’ve been told that we can find a local solicitor who can stamp it as a Notarial service. With COVID there’s a lot of restrictions on getting it done but still easier than a trip to the US Embassy.
I’ll pay the $20 for 3 day shipping back to the US.
just need to get to that point first
after that closing documents I believe is what is sent via post. Here we’ve been told that we can find a local solicitor who can stamp it as a Notarial service. With COVID there’s a lot of restrictions on getting it done but still easier than a trip to the US Embassy.
I’ll pay the $20 for 3 day shipping back to the US.
just need to get to that point first
Wow Fidelity suuuuuuucks. Absolutely zero communication. They were really responsive during the negotiation process but now that it's time to sign the papers, I can't get a straight answer on whether the sellers are actually "in" or not.
RememberWhen
Well-Known Member
That’s so frustrating! Waiting in limbo is really hard. Hoping they’re just slowpokes and will get things done ASAP!
Club Cooloholic
Well-Known Member
Be patient with them. I had a similar thing, where it seemed to take awhile, but worked out in the end. Fidelity extra fees really stink though.
Club Cooloholic
Well-Known Member
I was going through old correspondence. Man it was a process. The year we did it we put our offer in at the end of August, accepted a few days later, and we had our contracts 2 days after that. Then it was a long wait, disney waived their right of first refusal almost exactly a month later, the it took another month for it to all be executed and deed done. Closing was supposed to take 2 to ,4 days and instead about 8. For us it was hard because there were points on the contract that were going to expire and the process took about 2 months.