ROFR Thread April to June 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[njcoach24]

Mine was sent 5/12 still have not heard back yet. Have one from 5/12, 5/15 and 5/18 and no response on any of them yet

maybe they see your deals and want you to buy direct...

I also wonder if they don't necessarily care so much about price per point when buying back...I wonder if they look for hot UY and certain size contracts...?

 

[hlhlaw07]

Do you know if I can back out if I still don’t hear anything until my „latest“ Closing date mentioned in my contract? (Which is Next week...)

No you can’t back out. Not hearing from Disney by your closing date only means they have waived and you can close on the contract. It doesn’t mean you can back out of the contract. It is your green light to move forward.

 

[njcoach24]

No you can’t back out. Not hearing from Disney by your closing date only means they have waived and you can close on the contract. It doesn’t mean you can back out of the contract. It is your green light to move forward.

folks on here have said closing companies are reluctant to move forward without hearing back on ROFR...I wouldn't move forward as a buyer. I've asked this question many times but does anybody actually know the FL law on this?

 

[Matty B13]

...I wonder if they look for hot UY and certain size contracts...?

DVC can change the UY of any points now, so it doesn't matter for them, just the resale purchaser.

 

[EM Lawrence]

I wonder if sometimes for ROFR they are looking to purchase certain units so price is not the main or only concern? I can see the benefit of doing this at OKW if they plan to tear down some of the buildings come 2042. Would there be any other benefits to them for owning certain units outright? I believe I’ve read that unit ownership can sometimes be a factor in voting on something or other...lost in the fine print of the membership agreements.

 

[njcoach24]

After all my questioning the process comments we just passed lol. Definitely exciting.

njcoach24---$132.5-$17334-120-PVB-Sep-0/19, 117/20, 120/21- sent 5/18, passed 6/23

 

[hlhlaw07]

folks on here have said closing companies are reluctant to move forward without hearing back on ROFR...I wouldn't move forward as a buyer. I've asked this question many times but does anybody actually know the FL law on this?

Folks on here and closing companies are often confused as to the law and the actual words in Disney’s ROFR provision. The ROFR provision in the purchase contract from Disney expressly provides: “If DVD fails to notify Purchaser of its election to exercise its right of first refusal prior to the proposed closing date, Purchaser may proceed to close the transaction with the third party upon the original terms and conditions offered by or to the third party.”

So, while I’m not a Florida lawyer nor do I know specifically what Florida law says on ROFR provisions, I do not need that knowledge as Disney’s own contractual provision clearly and unambiguously states that if they do not exercise ROFR prior to closing date then the transaction can move forward.

The contract language controls. So even if Florida law specifically stated something else, Disney would not get to hide behind that while ignoring the language they put in their own contract to the detriment of another party. That’s contracts 101.

 

[jamier2]

njcoach24---$132.5-$17334-120-PVB-Sep-0/19, 117/20, 120/21- sent 5/18, passed 6/23

I’m waiting to hear on my PVB contract. Almost same as yours and sent on 5/18 also. Maybe it’ll come today.

 

[njcoach24]

I’m waiting to hear on my PVB contract. Almost same as yours and sent on 5/18 also. Maybe it’ll come today.

I hope you hear soon!

 

[Goddard Family Adventures]

I’m waiting to hear on my PVB contract. Almost same as yours and sent on 5/18 also. Maybe it’ll come today.

We are waiting on our AKV contract and it was sent 5/18 also. Lets get this done so I can stop stressing about what to do with my points! It's my understanding I will still have about another 4 to 6 weeks to finish this process. Is that safe to assume?

 

[Goddard Family Adventures]

We are waiting on our AKV contract and it was sent 5/18 also. Lets get this done so I can stop stressing about what to do with my points! It's my understanding I will still have about another 4 to 6 weeks to finish this process. Is that safe to assume?

Just after I typed this I got the email. LOL! Yay!

Goddard Family Adventures---$110-$19293-155-AKV-Feb-0/19, 310/20, 155/21- sent 5/18, passed 6/23

 

[poofyo101]

Which brokers were these that passed today?

 

[Goddard Family Adventures]

Which brokers were these that passed today?

We used DVC Resale Market

 

[BrianR]

We used DVC Resale Market

Uh oh, I'm a DVC Resale Market with a 5/15 date. No word yet. Congrats on yours though!

 

[njcoach24]

Which brokers were these that passed today?

I used Buy & Sell

 

[MagicalAloha]

I wonder if sometimes for ROFR they are looking to purchase certain units so price is not the main or only concern? I can see the benefit of doing this at OKW if they plan to tear down some of the buildings come 2042. Would there be any other benefits to them for owning certain units outright? I believe I’ve read that unit ownership can sometimes be a factor in voting on something or other...lost in the fine print of the membership agreements.

I hope they don’t do away with OKC?

 

[rachaelg]

Ours was DVC Store

 

[MagicalAloha]

We are waiting on our AKV contract and it was sent 5/18 also. Lets get this done so I can stop stressing about what to do with my points! It's my understanding I will still have about another 4 to 6 weeks to finish this process. Is that safe to assume?

4-6 weeks until you have the points available?

 

[Goddard Family Adventures]

4-6 weeks until you have the points available?

From what I can see is now the paperwork will take 2 to 3 weeks. Once that's done, it can take Disney 14 to 21 days to complete the transfer. Than maybe up to 2 weeks to put the points in the system. So maybe a little longer? I'm not exactly sure.

 

[EM Lawrence]

I hope they don’t do away with OKC?

All speculation. Nobody knows what will happen in 2042 when part of the resort ownership expires and the rest own until 2057.