**ROFR Thread 2015 January-June** Please read 1st post for instructions

[sgrap]

We're on day 21 and getting anxious . . . but not as anxious as you guys, I guess! ;-) Hoping for good news this week!

 

[bellapecas]

Do you know if day 30 arrives, is it assumed to be yours or can Disney delay beyond day 30? Our first resale contract is on day 25 so we keep thinking its gotta be any day now that we'll hear, right? Good luck to you.

Technically, Disney has until the proposed closing date listed on your contract. At least for BLT it's true. I assume that's the case for all resorts. For BLT, this information can be found under article 13.1 of the Declaration of Condominium. It reads:


Accordingly, Owners or Cotenants desiring to sell their Unit or Ownership Interest must notify DVD in writing no less than thirty (30) days in advance of the proposed closing date of their intent to sell and must include a copy of the proposed transaction reduced to writing in all respects. On receipt of such written notice, DVD may determine prior to the proposed closing date whether to exercise its right of first refusal set forth in this Article 13. If DVD elects to exercise its right of first refusal, DVD must notify the Owner or Cotenant in writing of such election, and the purchase by DVD must be closed on or before the proposed closing date. If DVD fails to notify the Owner or Cotenant of its election to exercise its right of first refusal prior to the proposed closing date, then the Owner or Cotenant may proceed to close on the transaction with such bona fide third party.

 

[NewDVCaddict]

Technically, Disney has until the proposed closing date listed on your contract. At least for BLT it's true. I assume that's the case for all resorts. For BLT, this information can be found under article 13.1 of the Declaration of Condominium. It reads:


Accordingly, Owners or Cotenants desiring to sell their Unit or Ownership Interest must notify DVD in writing no less than thirty (30) days in advance of the proposed closing date of their intent to sell and must include a copy of the proposed transaction reduced to writing in all respects. On receipt of such written notice, DVD may determine prior to the proposed closing date whether to exercise its right of first refusal set forth in this Article 13. If DVD elects to exercise its right of first refusal, DVD must notify the Owner or Cotenant in writing of such election, and the purchase by DVD must be closed on or before the proposed closing date. If DVD fails to notify the Owner or Cotenant of its election to exercise its right of first refusal prior to the proposed closing date, then the Owner or Cotenant may proceed to close on the transaction with such bona fide third party.

YIKES! We are purchasing BLT and our contract has a proposed closing of 4/6/15. I guess I'm not understanding why we are waiting for 30 days then now? Our contract was sent 1/29 for ROFR. Does this mean Disney doesn't have to give us any feedback on whether or not they are exercising their ROFR until 4/6/15??? So day 30 for us may very well pass us by and we hear nothing and cannot move forward in the process until we do? Many thanks in advance, a bit confused by the process I thought I understood...

 

[bellapecas]

What I listed is the worst case scenario and is a technicality that can allow Disney to take longer than 30 days. That being said, the standard wait is up to 30 days for a ROFR decision. I had a ROFR employee state in an email that they would get back to me within 30 days from my ROFR effective date. Don't worry, I haven't heard of them going over the 30 days very often.

 

[heynowirv]

congrats to all!We are on day 23.I'm just starting to get a little antsy,,,,,,Oh Well

 

[hopeful4fl]

The waiting game really does bite.......

 

[heynowirv]

"The Waiting,It's The Hardest Part",,,,,,,Tom Petty

 

[sgrap]

Even though I am getting anxious, this wait is nothing compared to the 14 months it took to bring our first daughter home from China, and the 7+months it took to bring our 2nd daughter home, who was already 4 and needed medical attention. So I try to keep this wait in perspective --while I check my email and this board every 10 minutes! ;-)

 

[jazoberry]

First time buyers from Canada here! Had our hearts set on Poly, but started looking at VGF/BLT resales when we saw how high the per points are direct from Disney. The exchange rate really hurts right now!

$96 - $12,525 - 125 - BLT - Mar - 0 (2015), 52 (2016), 125 (2017) - sent 2/23

And now, we wait. Unfortunately, the contract is stripped... but it was the ideal number of points for us, and the per point cost seemed decent compared to the current going rate for BLT.

What do we think?? Will Disney snipe this in ROFR?

 

[suebeelin]

First time buyers from Canada here! Had our hearts set on Poly, but started looking at VGF/BLT resales when we saw how high the per points are direct from Disney. The exchange rate really hurts right now!

$96 - $12,525 - 125 - BLT - Mar - 0 (2015), 52 (2016), 125 (2017) - sent 2/23

And now, we wait. Unfortunately, the contract is stripped... but it was the ideal number of points for us, and the per point cost seemed decent compared to the current going rate for BLT.

What do we think?? Will Disney snipe this in ROFR?

Unlikely to be ROFR'ed bc it's stripped . They can't use it till next year.... Our BLT passed last month for a lower price, feb use year. Good luck!!

 

[Minniesgal]

Do you know if day 30 arrives, is it assumed to be yours or can Disney delay beyond day 30? Our first resale contract is on day 25 so we keep thinking its gotta be any day now that we'll hear, right? Good luck to you.

Your resale agents won't proceed to closing without a waiver of ROFR so realistically it takes as long as it takes. If it is taking over 30 days though I'd get the agent to investigate with Disney.

 

[bellapecas]

First time buyers from Canada here! Had our hearts set on Poly, but started looking at VGF/BLT resales when we saw how high the per points are direct from Disney. The exchange rate really hurts right now!

$96 - $12,525 - 125 - BLT - Mar - 0 (2015), 52 (2016), 125 (2017) - sent 2/23

What do we think?? Will Disney snipe this in ROFR?

Unlikely to be ROFR'ed bc it's stripped . They can't use it till next year.... Our BLT passed last month for a lower price, feb use year. Good luck!!

Like suebeelin says, since this is stripped, there's a good chance of it passing. I had one pass at this price per point last year. Good luck!!

 

[Fastpassminus]

75-$13,312-160-SSR-Dec-0/'13, 122/'14, 160/'15, 160/'16-sent 1/29, Still waiting on our SSR Contract. Getting close to the 30 day mark. I am assuming a bunch will go through all at once. Crossing my fingers for everyone waiting. This is my first contract.

 

[hw588]

75-$13,312-160-SSR-Dec-0/'13, 122/'14, 160/'15, 160/'16-sent 1/29, Still waiting on our SSR Contract. Getting close to the 30 day mark. I am assuming a bunch will go through all at once. Crossing my fingers for everyone waiting. This is my first contract.

Good luck... We are just on day 12 of waiting for our SSR and it is killing me.... I keep checking this thread to see what sent dates have been approved so I can get an idea when they might be getting close to our sent date....

 

[mejo]

I know, I am on day 14 and it already seems forever

 

[Lorajo]

We just closed and the US/CAD exchange was SOOO much higher than it had been when I started looking at resales. It had really snuck up - no fun!

 

[graychef]

graychef --- $77 - $12,320 - 160 - AKV - Jun - 55/'14, 160/'15, 160/'16 - sent 01/26

Passed today - 2/24


This is contract #2.

 

[pangyal]

Passed today - 2/24


This is contract #2.

Congrats! I had a feeling it would pass

 

[hopeful4fl]

Even though I am getting anxious, this wait is nothing compared to the 14 months it took to bring our first daughter home from China, and the 7+months it took to bring our 2nd daughter home, who was already 4 and needed medical attention. So I try to keep this wait in perspective --while I check my email and this board every 10 minutes! ;-)

First of all, Congratulations . Secondly, it does put this wait in perspective.......

 

[sgrap]

Thanks so much . . . it has been 13 years and 7 1/2 years since they came home, so the pain of waiting that long has diminished (kind of like they say the pain of childbirth does . . . which I did twice, too! ;-) ), but the checking of dates and such brings a twinge of the excitement part of it back in a small way.