DVC ROFR Process: What to Expect After Signing

Understanding the DVC ROFR Process After Contract Signing

Once your Disney Vacation Club (DVC) resale contract is signed, it immediately enters the DVC ROFR process, short for Right of First Refusal. This mandatory step allows Disney to review the agreement and determine whether to approve the sale or step in as the buyer under the same terms.

Understanding how this process works can ease your mind as you await the results. Whether you're a buyer or a seller, knowing the timeline and potential outcomes will help you stay prepared and confident during your DVC resale journey.

What is the Right of First Refusal (ROFR)?

The Right of First Refusal is Disney's contractual right to match the terms of a resale agreement before the transfer is finalized. If the price and terms fall within Disney's buyback range, they may choose to exercise ROFR, stepping in as the buyer. If not, they'll waive ROFR, allowing the transaction to proceed as planned.

This process is part of every DVC resale and is used by Disney to help control the market, manage inventory, and stabilize pricing across high-demand resorts. By exercising ROFR, Disney can ensure that the resale prices do not drop significantly, which helps maintain the value of DVC points for all members.

ROFR Timeline: How Long Does It Take?

The DVC ROFR process typically takes 20 to 30 days, although turnaround times can vary slightly. While this step is unavoidable, our team works to make it as smooth as possible. The contract is submitted to Disney for review shortly after signing, and both the buyer and seller must wait for Disney's final decision.

We know how nerve-wracking this can be. Buyers want to move forward, and sellers wish to close, but patience is key during this review period. During this time, it is recommended to stay in contact with your resale agent or broker for updates and guidance.

Two Possible ROFR Outcomes. Here's what can happen:

1. Disney Waives ROFR

If Disney waives ROFR, the sale will proceed. The buyer becomes the new owner, and everything proceeds as expected. This is the most common outcome, especially if the resale price is near or above market value.

2. Disney Exercises ROFR

If Disney exercises ROFR, it purchases the contract under the same terms. The seller still receives the agreed sale price, and the original buyer's deposit is fully refunded. The listing is marked as sold, and the buyer can begin searching for another contract. You can browse other available contracts at DVC Resale Plus to find similar listings.

While it may be disappointing for a buyer when Disney exercises ROFR, it is important to remember that the process is designed to protect the value of DVC memberships. Buyers can use this opportunity to reassess their options and potentially find a contract that better suits their needs.

Real-Time ROFR Updates and Client Support

Although the decision ultimately lies with Disney, our admin team closely monitors every submission. In most cases, we receive the decision electronically and notify both parties within minutes. You'll get an email update right away, and your status will be reflected in your personalized DVC Sales dashboard.

Having access to real-time updates ensures that you are always informed about the status of your contract. Our team is dedicated to providing exceptional support and communication throughout the entire process.

What to Do If Disney Buys the Contract

If Disney takes your contract, don't worry. You lose nothing financially and can immediately start searching for a new listing. Our team uses ongoing data from Disney's buybacks to guide buyers toward contracts less likely to be taken in the future. To see current ROFR trends and historical data, visit DVC ResaleMarket's ROFR Tracker.

Understanding current trends can be beneficial when deciding on a new contract. It allows you to make informed decisions and choose listings that are less likely to be subject to ROFR.

We're Here to Help

Have questions during the DVC ROFR process? Our experienced team is here to guide you through every step, from tracking ROFR status to helping you place your next offer. Whether you're new to DVC or a seasoned member, we're committed to making the resale journey smooth and successful. Explore listings and get started at DVC Sales.

In conclusion, while the ROFR process can be a bit daunting, understanding how it works and what to expect can make the experience more manageable. With the right support and information, you can navigate the DVC resale market with confidence.