We signed ours 1/14 but received confirmation on 1/16 from our title company that it was sent to Disney for ROFR.Still not heard. Signed paperwork Jan 14
Yes VGF, they took it on day 33.Was the $155 one Disney took at VGF? @z71tray
Congratulations! I have one similar to this but Feb UY. Let’s hope the drunken monkey sobers up a little tomorrow and it passes.
i had to sign an addendum, do the 30 days start from that date? the broker made it seem like they found the mistake yet it was after i got the email confirming it had been sent to disney... so did disney pick up on the error(if they did does this mess with my chances) or did the broker and what does that mean for my 30 days is it 16th when it was "submitted" or the day the addendum was signed the 18th???We signed ours 1/14 but received confirmation on 1/16 from our title company that it was sent to Disney for ROFR.
i had to sign an addendum, do the 30 days start from that date? the broker made it seem like they found the mistake yet it was after i got the email confirming it had been sent to disney... so did disney pick up on the error(if they did does this mess with my chances) or did the broker and what does that mean for my 30 days is it 16th when it was "submitted" or the day the addendum was signed the 18th???
i had to sign an addendum, do the 30 days start from that date? the broker made it seem like they found the mistake yet it was after i got the email confirming it had been sent to disney... so did disney pick up on the error(if they did does this mess with my chances) or did the broker and what does that mean for my 30 days is it 16th when it was "submitted" or the day the addendum was signed the 18th???
has anyone heard today? don't see much activity....
i had to sign an addendum, do the 30 days start from that date? the broker made it seem like they found the mistake yet it was after i got the email confirming it had been sent to disney... so did disney pick up on the error(if they did does this mess with my chances) or did the broker and what does that mean for my 30 days is it 16th when it was "submitted" or the day the addendum was signed the 18th???
Most of the time, if the Seller doesn't sign the final paperwork, or if the Seller changes their mind, the Seller still has to pay the brokerage their Sales Commission.
In most Real Estate contracts, it doesn't specify that the sale must be complete, for the broker to get their money. It only specifies that the broker must produce a client who is, "Ready, willing and able," to purchase. If there is such a client trying to purchase and the seller backs out for any reason, then the broker still gets paid because they have done their part. If it were not so, then there are many people who would put property on the market, just to see what kind of price they got. And if they got a really good price, maybe they would sell, but if they only got an average price, then they would back out of the sale.
Provisions like these, about "Ready, willing and able," are to protect the broker from exactly that kind of problem. It doesn't usually require legal recourse on the part of the broker. The seller will already have signed contracts stipulating this. However, for you as a purchaser, you probably have little recourse, since a sale isn't done until it is done. At any time up until then, the seller can usually back out, UNLESS they already have OTHER contracts and agreements in place to force compliance, because, for instance, they previously signed a contract stipulating that they WOULD sell the property.
I just got a rofr passed on a small contract I'm sellingDid they already start a long weekend? This is two quiet days in a row now...
Maybe they chose to NOT send out bad news on Valentine's Day??Did they already start a long weekend? This is two quiet days in a row now...
I just got a rofr passed on a small contract I'm selling
Good luckI cannot thank you enough for keeping this thread. We just made an offer today on our first DVC Resale. All the info from this board helped us make the decision confidently. We felt like it was a good contract at a fair price. I will post when it goes to ROFR.
how can you tell if seller is distressed?@SimbaAndSparkles - can you tell if the seller is distressed? The VGF contract we bought, the owner was under water and I think it was bought or foreclosed by the mortgage company (which was the seller on our deed). If so, you should be in good shape because that usually means Disney has had a chance to acquire it already (for a lot less than you'd be paying), and they chose not to.