Current ROFR timeline

[farmermax13]

In the ROFR timeline still hovering around 4 weeks? 30 days?

 

[Girlstar30]

I think it's around 23 days

 

[vicarrieous]

I passed on 3/6 and it took 22 days.

 

[disneylandtour]

My last one (from January) took nearly the full month. From watching the ROFR board, it seems posts are coming a little more in clumps--like Cast Member X on Mon and Tue has some non ROFR-job to do and then on Wed handles all the ROFR for the week then goes back to some other job.

 

[DJRUK]

23 days for ours (Feb 10th to March 5th)

 

[JWhiz]

28 days today. Still no notice.

 

[Girlstar30]

28 days today. Still no notice.

Which resort?

 

[JWhiz]

Which resort?

BLT

 

[Girlstar30]

BLT

My BLT that I started the process end of January took 26 days, I remember being sad that others were passing ROFR before me, now I'm over that and am sad because the damn thing won't close lol

 

[TinkAgainU]

In the ROFR timeline still hovering around 4 weeks? 30 days?

You can also check either the Closing Time! thread or the Jan-March ROFR thread for some updates. But around 20-25 days seems pretty average. The ROFR thread will also let you know if there is any activity with actual ROFR going on for the resort you are waiting to hear on. If we have one that is not high risk, we typically ask the Seller (or if we are the Seller) to have Escrow go ahead and prep/send the paperwork for the Seller to notarize after the 10 day recission period is up - then it's ready to close as soon as ROFR clears and the Buyer wires the final funds. The new documents for Notary are pretty challenging (now require notary of four pages, I think, and two witnesses that must be in front of the Notary too. So it's smart for the Seller to get on that ASAP

 

[LandFan]

Ours took just about 4 weeks. Just passed 2 weeks ago.

 

[vicarrieous]

Ours took just about 4 weeks. Just passed 2 weeks ago.

4 weeks is rough. I thought I had it bad with a little over 3. You have mad patience.

 

[Girlstar30]

I just emailed Fidelity to see if there's been any word, it's been 21 days

 

[vicarrieous]

I just emailed Fidelity to see if there's been any word, it's been 21 days

I heard from the title company first. They actually sent closing docs before I got the email from Fidelity that I had passed.

 

[Girlstar30]

I heard from the title company first. They actually sent closing docs before I got the email from Fidelity that I had passed.

I will email them too, but Fidelity just responded nothing yet, I'm guessing next week!

 

[juxtapose]

Our AKL was 26 days a few weeks ago. We are currently over 2 weeks waiting on the account added email from Disney...

 

[Girlstar30]

Our AKL was 26 days a few weeks ago. We are currently over 2 weeks waiting on the account added email from Disney...

Monday could be our day

 

[LandFan]

4 weeks is rough. I thought I had it bad with a little over 3. You have mad patience.

Technically it was 24 days - I just counted. So, not too bad. After the fiasco I had with an international seller a few years ago (not their fault) that ended up waiting about 3 months just to get signed papers and never made it to ROFR, this seemed soooo short to me. I guess it's all relative, lol!

 

[slo]

We are tossing around the idea about buying resale DVC points (first time buyer) and I'm looking at these threads wondering what ROFR means. I'm trying to figure it out on my own, and I have zero idea. Can someone please share with me what this means. Sorry to sound dumb - LOL!!!

 

[pzw90]

We are tossing around the idea about buying resale DVC points (first time buyer) and I'm looking at these threads wondering what ROFR means. I'm trying to figure it out on my own, and I have zero idea. Can someone please share with me what this means. Sorry to sound dumb - LOL!!!

Right Of First Refusal - when you buy a contract on the resale market, Disney has the right to match the terms of the deal and step in as a buyer. Seller is unaffected, buyer is replaced with Disney and is out of the deal, they get their deposit back and can go try again on a different deal