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View Full Version : Back out of ROFR


goofynell
04-14-2012, 03:26 PM
Disney just ROFR our sale of DVC points. Can we refuse to sell to Disney since we only signed a contract with the buyers who are now out?

I'm guessing in the original purchase papers(which I can't find) we agreed to let Disney have the contract if they activate ROFR.

Dean
04-15-2012, 08:55 AM
Disney just ROFR our sale of DVC points. Can we refuse to sell to Disney since we only signed a contract with the buyers who are now out?

I'm guessing in the original purchase papers(which I can't find) we agreed to let Disney have the contract if they activate ROFR.Technically no but DVC will normally let you out if you decided not to sell. And it'd make no sense to back out otherwise because your in pocket in the same.

WebmasterDoc
04-15-2012, 09:01 AM
If you used a resale broker you may also owe them the agreed upon commission since you did accept the offer.

Otherwise, as Dean alrady stated, you will be getting the same amount from Disney that you have already accepted.

Deb & Bill
04-15-2012, 09:39 AM
Don't understand the problem. Your points are still sold for the price you agreed upon. You get the same amount you planned on getting. Unless there was an under-the-table agreement in there somewhere.

jennypenny
04-15-2012, 12:00 PM
Maybe they're thinking they listed it too low (since Disney ROFR'd) and want to relist higher?

Dean
04-15-2012, 08:36 PM
Don't understand the problem. Your points are still sold for the price you agreed upon. You get the same amount you planned on getting. Unless there was an under-the-table agreement in there somewhere.Likely not in this case plus that's illegal. More likely is that some just have an aversion to DVC buying them back though I really don't understand why.