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PURCHASING DIRECT vs. RESALE

What is ROFR, and why is it a good thing?

Posted on November 01, 2018 by | Lori Webb | Leave A Comment

Dining

ROFR stands for Right of First Refusal. Disney has the right to review every contract that is sold on the resale market. After a buyer and seller agree to the terms of the deal, and both parties sign the necessary paperwork. Disney has 30 days to look at the agreement and decide if they want to repurchase it, themselves, at the agreed upon price.

Buyers may occasionally see this period as a painful delay. They are however excited about the opportunity to become Members of the Disney Vacation Club. Thus they naturally, want to close as quickly as possible so that they can begin planning their next vacation!
Sellers, however, see this process a bit differently. First, they have a buyer….yay! They may not like the delay in closing, but the seller receives a check for the same amount, whether that buyer is a family from New Jersey or DVC.

The best part of Disney’s right of first refusal for ALL Disney Vacation Club members is that it keeps the value of their membership high. Traditional “timeshare” sells for pennies on the dollar on the resale market. But for those who have enjoyed many years of great vacations with DVC then decide to sell, they often are surprised at the value of their points. And it’s a pleasant surprise.

Written by

Lori Webb

Business Owner

As a former Disney Vacation Club cast member, Lori has assisted thousands of families over the years as they joined the Vacation Club. As co-owner of DVC Sales, Lori continues to spend her time helping both buyers and sellers of DVC memberships. "Living in Orlando has given our family the opportunity to visit the parks often. Now that our sons are older, we find that owning at our membership at Vero Beach is the perfect fit for our family and a great escape less than 2 hours from home!"

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