Back out of ROFR

Discussion in 'Purchasing DVC' started by goofynell, Apr 14, 2012.

  1. goofynell

    goofynell Earning My Ears

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    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.
     
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  3. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    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.
     
  4. WebmasterDoc

    WebmasterDoc Administrator Administrator

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    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.
     
  5. Deb & Bill

    Deb & Bill DVC-Trivia Contest, Apr-2006: Honorable Mention

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    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.
     
  6. jennypenny

    jennypenny DIS Veteran

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    Maybe they're thinking they listed it too low (since Disney ROFR'd) and want to relist higher?
     
  7. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    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.
     

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