DVC Right of First Refusal Report (ROFR): May ’22

Saratoga Springs Resort

DVC Exercises Right of First Refusal (ROFR)

Year-to-date (YTD), Disney has exercised their right of first refusal (ROFR) on 483 Disney Vacation Club (DVC) contracts, and DVC Resale Market (DVCRM) has sold 2,239, resulting in a 21.6% buyback rate (Contracts Bought Back in 2022/Contracts Sold in 2022). The 2022 waiver rate is 78.4%.

Key ROFR Updates

If you thought, based on last month’s ROFR report, that Disney was slowing down their buyback efforts, you might not want to read any further. May 2022 marked the highest buyback rate ever for DVC Resale Market, with Disney exercising its Right of First Refusal (ROFR) on 176 out of 423 contracts sold.

This month marked multiple records and firsts. Here are a few of the highlights:

Despite Disney’s aggressive ROFR activity this year, buyers should remain optimistic and take advantage of the current buyers market. We hope that the data provided in these monthly reports can help you make informed offers that will avoid the ‘ROFR monster’ and get you that Disney Vacation Club contract you’ve been dreaming of.  

Animal Kingdom Lodge

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 May 2021 to May 2022:

Right of First Refusal ROFR Highest Price May 22

 

Disney Vacation Club Resort Resale Contracts Bought Back in 2022

The graph below shows the total amount of buybacks at each DVC resort for contracts sold by DVC Resale Market in 2022:

Right of First Refusal ROFR May 2022

 

Buy Back Rates for Disney Vacation Club Resorts in 2022

The table below shows the percentage of buybacks for all 9 different resorts that have had at least one contract bought back in 2022. Note, there have been no buybacks of the following resorts in 2022 thus far: Aulani, Grand Californian, Riviera Resort, Grand Floridian, Polynesian, and Hilton Head.

ResortBuybacksNumber Sold% Bought Back
Animal Kingdom7224329.6%
Bay Lake Tower4218323.0%
Beach Club3511231.3%
Boardwalk3814127.0%
Boulder Ridge167022.9%
Copper Creek1512911.6%
Old Key West8817849.4%
Saratoga Springs17641642.3%
Vero Beach1981.0%

 

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

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