ROFR Thread Jan to March 2020 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[OSUZorba]

Not a typo, passed in 8 days.

pinnocchiosdad---$136-$23542-160-BLT-Feb-0/19, 320/20, 160/21- sent 3/16, passed 3/24

Where'd you find that deal?

 

[pinnocchiosdad]

Where'd you find that deal?

DVC sales dot com

 

[Tigger1]

What happens if DVC has not decided on Rofr before contract closing time? Can Buyer get refunded deposit if property does not close on time?

 

[justadreamaway77]

What happens if DVC has not decided on Rofr before contract closing time? Can Buyer get refunded deposit if property does not close on time?

It has to go through ROFR first before a contract close time is set.

 

[Tigger1]

When Disney has 30 days to decide whether to ROFR, does that include weekends? If 30 days past can contract proceed?

 

[ScubaCat]

It has to go through ROFR first before a contract close time is set.

Not exactly. The closing date is specified in the contract, which has to be at least 30 days after submission for ROFR.

When Disney has 30 days to decide whether to ROFR, does that include weekends? If 30 days past can contract proceed?

It's the closing date specified on your contract. If you reach that specified date without receiving a response, you can move directly to closing. (I don't know if that's ever happened, but that's how it works.)

 

[Tigger1]

Not exactly. The closing date is specified in the contract, which has to be at least 30 days after submission for ROFR.

It's the closing date specified on your contract. If you reach that specified date without receiving a response, you can move directly to closing. (I don't know if that's ever happened, but that's how it works.)

So after 30 days into ROFR the property can go into title company, etc. and then close?

 

[ScubaCat]

So after 30 days into ROFR the property can go into title company, etc. and then close?

No, you set closing date in the contract which has to be at least 30 days from when the contract is executed. Then, if the closing date you set passes without hearing a response, you can then close.

Look at your contract and you'll see a closing date. That's how long DVD has to respond, not just 30 days from when they receive it.

 

[Tigger1]

No, you set closing date in the contract which has to be at least 30 days from when the contract is executed. Then, if the closing date you set passes without hearing a response, you can then close.

Look at your contract and you'll see a closing date. That's how long DVD has to respond, not just 30 days from when they receive it.

Dang, that means closing would not happen on time.

 

[Phijammamama]

It feels quiet on the ROFR side. Maybe there was a slow down in sales due to the virus situation...?

 

[CmdrThor]

It feels quiet on the ROFR side. Maybe there was a slow down in sales due to the virus situation...?

The DVC Sales office is closed.

 

[justadreamaway77]

I'd be very surprised if they are completely shut down. People may be working from home, but I can't see Disney shutting down their sales completely.

 

[CmdrThor]

I'd be very surprised if they are completely shut down. People may be working from home, but I can't see Disney shutting down their sales completely.

Call them. Message says the sales office is closed until further notice.

 

[justadreamaway77]

Call them. Message says the sales office is closed until further notice.

That doesn't mean they aren't working from home, the office is closed but I'm sure people are still working. My husband's office and my school are closed but we are both still working. I don't know any white collar job that isn't still working from home. My sister in law sells hospice services to nursing homes and even she is working from home.

 

[Phijammamama]

The DVC Sales office is closed.

Aha. I had assumed they were working remotely. Guess I will be waiting a while longer

 

[justadreamaway77]

We just sent an add-on contract to ROFR yesterday and my agent just confirmed that the admin department is still open and ROFR's are still being processed. ROFR is probably not showing up much because the market has probably slowed down. We got a great deal on a crazy loaded contract (full points from 2018 and 2019) so we snagged it even though the market will probably go down a bit.

 

[karalecia26]

Karasawyer26---$100-$18234-160-SSR-Mar-13/19, 160/20, 160/21- sent 3/12

UPDATE Passed ROFR today 4/1...We are excited but also a little nervous too!

 

[Amanda Sam]

UPDATE Passed RPFR today 4/1...We are excited but also a little nervous too!

Congratulations! Ours went into ROFR on 3/12 also! Can’t wait to hear something!

 

[Phijammamama]

Just heard we passed! I am too embarrassed to enter the official thread of details. I don’t want to get slammed at how high I paid for BCV 100 pt contract. But we sent on 3/13 so passed 4/1. I never expected it to get taken, but it still feels good to be moving to the next step. ETA: This was the sale we tried 5 different resale contracts among 3 different agencies to finally get a BCV contract to “stick”.

 

[Jetku]

Just heard we passed! I am too embarrassed to enter the official thread of details. I don’t want to get slammed at how high I paid for BCV 100 pt contract. But we sent on 3/13 so passed 4/1. I never expected it to get taken, but it still feels good to be moving to the next step. ETA: This was the sale we tried 5 different resale contracts among 3 different agencies to finally get a BCV contract to “stick”.

If it works for you, no shame to be had. We had a great AKV deal that was taken recently (others at the same price passed)... and now we passed at a high price. But getting what you want at a price that you’re comfortable with is all that matters!