ROFR Thread Oct to Dec 2021 *PLEASE SEE FIRST POST FOR INSTRUCTIONS & FORMATTING TOOL*

[pianomanzano]

I wish there was a Genie+ pass for ROFR.

There is, it's called paying direct!

 

[Huberp2824]

I absolutely need to stop checking. Going on 40 days for me when people are hearing in less than two weeks is driving me up the wall.

I could be mistaken and may have dreamed that I read this somewhere; I thought there was a 30d marker that Disney's ROFR team had to take or pass. Perhaps Derek or one of the other DVC Veterans on here can confirm.

 

[JETSDAD]

I could be mistaken and may have dreamed that I read this somewhere; I thought there was a 30d marker that Disney's ROFR team had to take or pass. Perhaps Derek or one of the other DVC Veterans on here can confirm.

30 days is the minimum that you have to give Disney...they can take right up until closing if they wish.

 

[MICKIMINI]

I've had at least two go way past 30 days...DVC minds the store. I believe one went to 57 days and that was at least 3-4 years ago...

 

[Paul Stupin]

30 days is the minimum that you have to give Disney...they can take right up until closing if they wish.

As has been remarked many times, title companies won’t close, even if the closing date has been reached, until the contract has passed ROFR.

 

[Huberp2824]

30 days is the minimum that you have to give Disney...they can take right up until closing if they wish.

Thanks. I knew I had seen 30, and appreciate the clarification.

 

[Sandisw]

As has been remarked many times, title companies won’t close, even if the closing date has been reached, until the contract has passed ROFR.

This is true, but at that point, at least the buyer can walk away from the contract and get their deposit back...so it does mess up the seller when the title company won't/doesn't even when closing had been set 60 to 90 days out from the start.

 

[Disneynewb0001]

...so it does mess up the seller when the title company won't/doesn't even when closing had been set 60 to 90 days out from the start.

I have wondered about this. For my contract the closing date was set ~90 days out. I am still waiting on rofr but I am hoping to hear soon. If rofr comes through soon ~30 days post contract and assuming there are no issues with getting seller signatures, will closing be pushed up?

 

[Lorana]

I have wondered about this. For my contract the closing date was set ~90 days out. I am still waiting on rofr but I am hoping to hear soon. If rofr comes through soon ~30 days post contract and assuming there are no issues with getting seller signatures, will closing be pushed up?

Yes. The title company will close earlier once estoppel, closing docs, and final payments are received.

 

[Disneynewb0001]

This is true, but at that point, at least the buyer can walk away from the contract and get their deposit back...so it does mess up the seller when the title company won't/doesn't even when closing had been set 60 to 90 days out from the start.

Is this 30 days after the contract date you can walk away if you haven’t heard on rofr? Not saying I will, but just curious as I am approaching the 30 day point,

 

[JETSDAD]

Is this 30 days after the contract date you can walk away if you haven’t heard on rofr? Not saying I will, but just curious as I am approaching the 30 day point,

You would only be able to walk away and get your deposit back if it were to go beyond the scheduled closing date.

 

[Disneynewb0001]

You would only be able to walk away and get your deposit back if it were to go beyond the scheduled closing date.

Ah ok, so the 30 days for rofr is meaningless if the closing date is set far out e.g. 90 days. Thanks for clarifying.

 

[Sandisw]

Is this 30 days after the contract date you can walk away if you haven’t heard on rofr? Not saying I will, but just curious as I am approaching the 30 day point,

The closing date on the contract, not ROFR. So, if your contract said it will close by Dec 15th, then on Dec 16th you can back out and get the deposit back.

And yes, the 30 days is simply the minimum for Disney to make a decision but the upper limit is set by closing agent..who as mentioned won’t close without it and who will set closing dates far enough out to allow for the current time frame.

When I bought in 2017, it was 60 days for closing. This year, it was 80 because ROFR is taking much longer right now.

 

[pkrieger2287]

https://twitter.com/x/status/1467547521849475091

 

[pangyal]

Updated!

If you don't see your information on the list, please go to Page 1 for the tool that you can use to create your string. Plug your details into that, repost the string it spits out, and ta-da! Your contract will magically appear on the ROFR list next weekend

 

[sjdrr1313]

Omg got an email from my broker with "your right of first refusal" as the subject. So I freaked out and opened it... They were just telling me they hadn't hear anything yet but we are about halfway through the typical wait dang it I got so excited for a hot second lol

 

[Chia1974]

https://twitter.com/x/status/1467547521849475091

$170 for CCV?

 

[gskywalker]

$170 for CCV?

Yeah they took every ccv contract we saw pretty much including ours.

 

[DVChris]

Yeah they took every ccv contract we saw pretty much including ours.

I definitely feel a price increase coming for CCV.

 

[Chia1974]

Yeah they took every ccv contract we saw pretty much including ours.

I’m sorry they took yours.I paid $163 for a small contract a few month back. As much as I liked CCV, one bedroom only sleeps 4 and it’s one of the smallest ones.