DVC Right of First Refusal Report (ROFR): January 2024

DVC Exercises Right of First Refusal (ROFR)

Year-to-date (YTD), Disney has exercised their right of first refusal (ROFR) on 1 Disney Vacation Club (DVC) contract, and DVC Resale Market (DVCRM) has sold 413, resulting in a 0.2% buyback rate (Contracts Bought Back in 2024/Contracts Sold in 2024). The 2024 waiver rate is 99.8%.

Key ROFR Updates

As January 2024 wrapped up, the DVC Resale Market observed a trend reminiscent of last year’s beginnings—Disney exercised their Right of First Refusal (ROFR) on just a single contract throughout the entire month. It appears to be a roll of the dice these days, with outcomes that might not always feel fortuitous to those involved. The focus of this month’s buyback was an isolated Grand Floridian contract, snagged by Disney at $137 per point.

This action by Disney doesn’t come as a surprise; it’s more or less mopping up operations in the aftermath of the Grand Floridian’s sellout phase late last year. We anticipate that Disney Vacation Club is simply putting finishing touches on the finalizing sales from that period. Therefore, while the ROFR Monster may seem unpredictable or even lottery-like, in this case, it’s likely a strategic wrap-up on Disney’s part.

Adding a dash of intrigue to our usual report (because even I’m getting a little bored), we’ve introduced an exciting new section: The Average Right of First Refusal (ROFR) Timeframe. This addition stems from the recognition that understanding the pace at which contracts are being processed is just as critical as the buyback rate itself. Amidst the ever-fluctuating dynamics of the DVC resale market, having a grasp on the average duration for ROFR can empower buyers with realistic expectations and better planning capabilities during the resale transaction process. So don’t forget to dive deeper into our latest report and familiarize yourself with this informative new feature—it might just be the piece of data you need to navigate your next DVC resale venture.

What is Right of First Refusal (ROFR)?

For those new to the concept, Right of First Refusal is the option Disney Vacation Club has to purchase any resale contract after a sales price has been agreed upon, and the contract has been executed. Each contract must be forwarded to DVC for review.

DVC typically takes no more than 30 days to review the contract. At their discretion, Disney may step in and purchase the property themselves at the terms agreed upon by the seller and original buyer. DVC then becomes the buyer, and the purchase is complete. Once DVC is the buyer there is not an opportunity to come back with a better offer in hopes of still purchasing the contract.

Highest Monthly Buy Back Numbers by DVC Resort

Highest Buyback Price Per Point by Resort from January 2023 to January 2024:

Right of First Refusal ROFR Highest Price January 24

Disney Vacation Club Resort Resale Contracts Bought Back in 2024

The graph below shows the total amount of buybacks at each DVC resort for contracts sold by DVC Resale Market in 2024:

Right of First Refusal ROFR January 2024

Average Right of First Refusal (ROFR) Timeframe for January 2024

In our continuous effort to provide transparent and useful insights to our clients at DVC Resale Market, we have compiled data to establish an average timeframe for contracts to pass through the Right of First Refusal (ROFR) process. It is important to understand that this duration is an average, indicating that some contracts may be processed more quickly while others might take a longer period. Keep in mind that various factors can influence these timeframes, and this average serves as a general benchmark for your expectations when navigating the ROFR process with us.

Buy Back Rates for Disney Vacation Club Resorts in 2024

The table below shows the percentage of buybacks for the resorts that have had at least one contract bought back in 2024. Note, there have been no buybacks of the following resorts in 2024: Animal Kingdom, Aulani, Grand Californian, Riviera Resort, Polynesian, Bay Lake Tower, Beach Club, Boardwalk, Boulder Ridge, Copper Creek, Disneyland Hotel, Old Key West, Saratoga Springs, Vero Beach, and Hilton Head.

Resort Buybacks Number Sold % Bought Back
Grand Floridian 1 28 3.6%


Access all DVC resale listings and learn more about buying and selling with DVC Resale Market.


Post a Reply