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-   -   ROFR questions: (http://www.disboards.com/showthread.php?t=3107851)

JessLCH 05-07-2013 11:57 AM

ROFR questions:
 
First, is it 30 calendar days or 30 business days that Disney has to respond?

Second, does use year have an impact on whether or not Disney will exercise ROFR?

NoleFan 05-07-2013 12:43 PM

Quote:

Originally Posted by JessLCH (Post 48325554)
First, is it 30 calendar days or 30 business days that Disney has to respond?

Second, does use year have an impact on whether or not Disney will exercise ROFR?

UY does effect ROFR. It is 30 calendar days

JessLCH 05-07-2013 01:20 PM

Quote:

Originally Posted by NoleFan (Post 48326056)
UY does effect ROFR. It is 30 calendar days

Thanks, can you explain how the UY impacts ROFR?

lovin'fl 05-07-2013 01:37 PM

http://dvcnews.com/index.php/dvc-pro...ts-by-use-year

Check out the distribution of points by Use Year...some UY have more points.

JessLCH 05-07-2013 01:47 PM

Quote:

Originally Posted by lovin'fl (Post 48326630)
http://dvcnews.com/index.php/dvc-pro...ts-by-use-year

Check out the distribution of points by Use Year...some UY have more points.

So does that mean Disney is more likely to buy back them points in the UYs that make up the smaller %ages in each resort's chart?

disneynutz 05-07-2013 02:13 PM

Quote:

Originally Posted by JessLCH (Post 48326721)
So does that mean Disney is more likely to buy back them points in the UYs that make up the smaller %ages in each resort's chart?

First, stop counting days, you will drive yourself nuts over nothing.

If Disney needs a certain resort or UY and they can buy at the price necessary to meet their internal guidelines, they will exercise ROFR. Only Disney knows what what those numbers are.

:earsboy: Bill


NoleFan 05-07-2013 02:38 PM

Quote:

Originally Posted by JessLCH (Post 48326438)
Thanks, can you explain how the UY impacts ROFR?

one scenario, if there is a wait list for a specific UY at a specific resort, Disney may buy those back to fill the wait list. other reasons, not sure.

kkolbusz1 05-07-2013 03:30 PM

Quote:

Originally Posted by NoleFan (Post 48326056)
UY does effect ROFR. It is 30 calendar days

OUrs was 32 days

JessLCH 05-07-2013 03:44 PM

Quote:

Originally Posted by disneynutz (Post 48327032)
First, stop counting days, you will drive yourself nuts over nothing.

If Disney needs a certain resort or UY and they can buy at the price necessary to meet their internal guidelines, they will exercise ROFR. Only Disney knows what what those numbers are.

:earsboy: Bill


I am neither counting days nor driving myself nuts over anything. I have not even signed contract yet. I was simply curious about what 30 days meant.

Dean 05-07-2013 07:14 PM

Quote:

Originally Posted by JessLCH (Post 48325554)
First, is it 30 calendar days or 30 business days that Disney has to respond?

Second, does use year have an impact on whether or not Disney will exercise ROFR?

Technically there is not restriction on how many days they have to respond, only that you can't set closing earlier than 30 days from when you notify them. In practice it's basically 30 calendar days for them to notify the seller but it may take longer to get to the broker or buyer.

fmer55 05-07-2013 08:19 PM

Quote:

Originally Posted by Dean (Post 48329903)
Technically there is not restriction on how many days they have to respond, only that you can't set closing earlier than 30 days from when you notify them. In practice it's basically 30 calendar days for them to notify the seller but it may take longer to get to the broker or buyer.

:thanks:I am amazed that no one reads their contracts, it states that closing can be set anytime after 30 days. I distinctly remember about a year ago someone getting ROFR'd on day 34.

Dean 05-07-2013 08:20 PM

Quote:

Originally Posted by fmer55 (Post 48330612)
:thanks:I am amazed that no one reads their contracts, it states that closing can be set anytime after 30 days. I distinctly remember about a year ago someone getting ROFR'd on day 34.

Exactly.

dbs1228 05-07-2013 08:26 PM

Quote:

Originally Posted by fmer55 (Post 48330612)
:thanks:I am amazed that no one reads their contracts, it states that closing can be set anytime after 30 days. I distinctly remember about a year ago someone getting ROFR'd on day 34.

Does this mean that if you could a get a closing company to do so that you could write into the contract "to close on ..... say 31 days from the original signed contracts" I know that is not a reality in terms of paper work but wouldn't that then really give Disney 30 days to decide?

fmer55 05-07-2013 08:31 PM

Quote:

Originally Posted by dbs1228 (Post 48330690)
Does this mean that if you could a get a closing company to do so that you could write into the contract "to close on ..... say 31 days from the original signed contracts" I know that is not a reality in terms of paper work but wouldn't that then really give Disney 30 days to decide?

That is how I read it, I have always had a question of Estoppels with Fidelity. They seem to do it after ROFR, which delays closing docs 7-10 days. It appears that some of the other companies do this while awaiting ROFR and close much quicker.

Dean 05-07-2013 08:33 PM

Quote:

Originally Posted by dbs1228 (Post 48330690)
Does this mean that if you could a get a closing company to do so that you could write into the contract "to close on ..... say 31 days from the original signed contracts" I know that is not a reality in terms of paper work but wouldn't that then really give Disney 30 days to decide?

That's how I read it too but it'd be 31 days from when you knew you could get it to them. I'm also not convinced the ROFR needs to be recorded.


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