Waiting on ROFR is killing me


#1

On Jan 7th, my BCV contract went to Disney for ROFR. We still have not heard anything. The wait is absolutely killing me. This is worse than waiting for a trip because right now I don’t know if I will have to start over–if I do, I will have to rent points for our trip this year and then rent out the points when we finally do get a contract that passes–or if we will own a piece of BCV. I know that every Christmas we will be at Disney, so at least I am just waiting for time to go by until the next trip. Unfortunately, I don’t know what the ROFR outcome will be.

12 days seems so long. I know they told me it could take up to 30 days, but I just want to know!

Thanks for letting me vent. :smile:


#2

I see!

I had heard of this happening before, so we went through DVC for a sold-out resort. I understand that sometimes the wait is long, and I have heard of really low-priced contracts being turned down.


#3

I know how you feel. When we bought BCV through DVC we were told it could take up to a year to get our points. It ended up being only 3 months but the first few weeks felt like forever even though we weren’t in a hurry. I hope your contract goes through so you don’t have to start all over.


#4

what is ROFR?


#5

I believe it means Right Of First Refusal. (Somebody correct me if I got that wrong!) It’s when a DVC contract is sent to Disney for approval; it’s basically part of the buy-in process. I can’t imagine how excruciating it is to wait!! Poor Pooh Fan! :sad:


#6

Right of First Refusal. Disney has the option to buy back any points at the agreed on price. It’s a way to make sure points don’t sell for too little.


#7

I feel like I am dying and they told me the longest I have to wait is 30 days. I can’t imagine 3 months. I am checking my email a million times a day to see if there is anything from The Time Share Store.

It is probably best that the next week at work will be really busy so that I won’t have so much time to worry about whther or not we are going to get it.