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

Posted on November 15, 2022 by | profile photo Mark Webb | Leave a Comment

Dining

Discover how Disney’s Right of First Refusal (ROFR) protects both buyers and sellers in the DVC resale market.

The Disney Vacation Club resale process has a unique safeguard called Right of First Refusal (ROFR). When you buy or sell a Disney Vacation Club contract on the resale market, Disney reviews every contract after the buyer and seller agree to the terms and sign the required documents. Disney then has the right to match the sale and purchase the contract instead, at the same price and terms.

So, why is ROFR important for Disney Vacation Club owners and buyers? ROFR not only upholds the value of Disney Vacation Club points but also provides reassurance that the resale market stays strong and competitive. If Disney exercises ROFR, sellers get paid the agreed amount, while buyers may need to look for a different contract. For many, this is a positive sign that Disney stands behind the value of its properties and maintains high membership standards.


How Does ROFR Work in a DVC Resale?

After the contract is signed, Disney typically takes up to 30 days to decide whether to buy back the contract or let the sale go through as planned. If Disney chooses not to buy it, the transaction continues, and the buyer becomes the new DVC owner. If Disney does buy it, the seller receives payment just as they would from a buyer, but the buyer will need to search for another listing.

This process can seem frustrating for buyers eager to close quickly. However, it also means that DVC ownership remains a solid investment. Sellers benefit from a stable market, and all parties know Disney is maintaining the value and quality of its vacation club.


Why Is ROFR a Good Thing?

The most significant advantage of ROFR is that it supports the long-term value of Disney Vacation Club points. Traditional timeshares often see their value drop over time, but Disney’s active involvement in the resale market keeps prices steady. Many DVC members are pleasantly surprised by how well their points hold their value, even after years of vacations.

ROFR is also a sign of Disney’s commitment to its members. By carefully reviewing each resale transaction, Disney ensures that contracts stay within its quality standards and that the DVC community remains vibrant and reliable.


What Should Buyers and Sellers Know?

  • Buyers: Be prepared for the possibility that Disney might exercise ROFR and buy the contract. This can delay your purchase, but it also means you’re shopping in a healthy, well-regulated market.
  • Sellers: Enjoy the confidence that your points are valued, and that you’ll receive the agreed price if Disney buys your contract.

For a smooth transaction, always work with a reputable DVC resale specialist. DVC Sales has years of experience guiding clients through the ROFR process, helping buyers and sellers every step of the way.


Useful Resources



If you have questions about ROFR, DVC resale, or want expert help with your Disney Vacation Club contract, contact the professionals at DVC Sales.

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Mark Webb

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