ROFR Thread July to Sept 2018 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[Matty B13]

When we say the mouse has 30 days to review, is that 30 calendar days or 30 business days?

Mine was submitted 29 calendar days ago (or if there is a late time cut-off, perhaps 28 days ago). So if I don't officially hear today and they don't review over the weekend, I guess I pass by default? Is there any official notification if the time elapses?

It actually depends on your closing date. They have till 30 days before your closing date to decide on ROFR, so if your closing date got extended by the current owner then it takes longer.

We found this out because on our first resale contract, we had to wait for the owners to finish a vacation and then close. ROFR took 45 days from date submitted.

 

[motherof5]

Joining the board with my first resale contract. We found our perfect contract and I am happy to have it in ROFR. Fingers crossed it passes and they don’t go on a Poly buy-back spree this month. Now I work on learning patience!

Shairpdrh---$148-$25482-160-PVB-Dec-0/17, 160/18, 160/19- sent 8/8

Good luck

 

[Luckymommyx2]

Our first resale...
luckymommyx2---$130-$20272-150-BCV-Dec-0/16, 0/17, 150/18, 150/19-Seller pays 2018 MF- sent 8/10

 

[hlhlaw07]

When we say the mouse has 30 days to review, is that 30 calendar days or 30 business days?

Mine was submitted 29 calendar days ago (or if there is a late time cut-off, perhaps 28 days ago). So if I don't officially hear today and they don't review over the weekend, I guess I pass by default? Is there any official notification if the time elapses?

It actually depends on your closing date. They have till 30 days before your closing date to decide on ROFR, so if your closing date got extended by the current owner then it takes longer.

We found this out because on our first resale contract, we had to wait for the owners to finish a vacation and then close. ROFR took 45 days from date submitted.

The thirty days is actually from the clause that you must submit it to them for ROFR at least 30 days before closing. So really they have up until close to waive ROFR, but you must give them at least 30 days to make that decision.

 

[Reneedisnerd]

When we say the mouse has 30 days to review, is that 30 calendar days or 30 business days?

Mine was submitted 29 calendar days ago (or if there is a late time cut-off, perhaps 28 days ago). So if I don't officially hear today and they don't review over the weekend, I guess I pass by default? Is there any official notification if the time elapses?

I wish it was pass by default. I had one go 31 days and was taken.

 

[Carlymouse]

Today dvcresalemarket told us that Disney told them no waivers today.

Our rep actually emailed them this morning because dvcresalemarket has 30 contracts about to go over 30 days waiting!

 

[Jerry5788]

When we say the mouse has 30 days to review, is that 30 calendar days or 30 business days?

Mine was submitted 29 calendar days ago (or if there is a late time cut-off, perhaps 28 days ago). So if I don't officially hear today and they don't review over the weekend, I guess I pass by default? Is there any official notification if the time elapses?

Technically it is 30 days from when Disney officially recognizes of receiving it now when the broker sent - so it is unlikely that you will be over 30 days. Also 30 days doesn't really matter as a hard deadline. I would imagine your BLT contract passes but annoying that they keep you waiting over the weekend!

 

[10CJ]

Today dvcresalemarket told us that Disney told them no waivers today.

Our rep actually emailed them this morning because dvcresalemarket has 30 contracts about to go over 30 days waiting!

I have been following their Facebook page and have not seen anything about anyone passing from them all week. Disappointing.

 

[disneyeveryyear]

When we say the mouse has 30 days to review, is that 30 calendar days or 30 business days?

Mine was submitted 29 calendar days ago (or if there is a late time cut-off, perhaps 28 days ago). So if I don't officially hear today and they don't review over the weekend, I guess I pass by default? Is there any official notification if the time elapses?

If you read your contract, it states that the contract must be presented for ROFR no less than 30 days before the scheduled closing date. It does not restrict DVC to 30 days.

 

[Mumof4mice]

My broker (resales dvc) messaged me that they received one waiver today, not mine.

Just take my contracts already, Disney! So I can shop new contracts this weekend.

 

[1911]

sorry if this is th wrong place for this...
what happens when Disney takes a contract? do they reimburse the seller for dues on current unused use year points? do they pay the closing costs?

 

[Mumof4mice]

sorry if this is th wrong place for this...
what happens when Disney takes a contract? do they reimburse the seller for dues on current unused use year points? do they pay the closing costs?

They take over as the buyer and assumes all terms in the contract agreed on between the seller and the original buyer.

 

[1911]

They take over as the buyer and assumes all terms in the contract agreed on between the seller and the original buyer.

wow -sounds like a win win for the seller not so much for the potential buyer
thanks for the reply

 

[Frederic Civish]

Today dvcresalemarket told us that Disney told them no waivers today.

Our rep actually emailed them this morning because dvcresalemarket has 30 contracts about to go over 30 days waiting!

Yep. And I'm one of them. I talked with them just a few minutes ago and they told me that Disney told them NO WAIVERS today. They said that by monday they will have the most contracts that they have ever had, into ROFR for more than thirty days.

 

[motherof5]

Yep. And I'm one of them. I talked with them just a few minutes ago and they told me that Disney told them NO WAIVERS today. They said that by monday they will have the most contracts that they have ever had, into ROFR for more than thirty days.

Wow! Wishing everyone luck on Monday

 

[10CJ]

Yep. And I'm one of them. I talked with them just a few minutes ago and they told me that Disney told them NO WAIVERS today. They said that by monday they will have the most contracts that they have ever had, into ROFR for more than thirty days.

Interesting, they just made a Facebook post saying welcome home to five families so I guess they got some news recently.

 

[pangyal]

He he he...no carpal tunnel for me this week, only a few to catch up on! Good luck to all!

 

[Preacherroe]

He he he...no carpal tunnel for me this week, only a few to catch up on! Good luck to all!

I hope you have so many passes to type next week your carpal tunnel almost acts up (emphasis on almost).

 

[LynJ]

Passed passed passed passed PASSED!!!!!!

I'll update the string later, but just got the email and super excited!

 

[LynJ]

Lynj---$104-$5778-50-BRV@WL-Aug-0/17, 0/18, 50/19, 50/20-Delayed closing- sent 7/16, passed 8/11