DVC Right of First Refusal Report (ROFR): November 2023

Grand Floridian Exterior

DVC Exercises Right of First Refusal (ROFR)

Year-to-date (YTD), Disney has exercised their right of first refusal (ROFR) on 12 Disney Vacation Club (DVC) contracts, and DVC Resale Market (DVCRM) has sold 4,165, resulting in a 0.3% buyback rate (Contracts Bought Back in 2023/Contracts Sold in 2023). The 2023 waiver rate is 99.7%.

Key ROFR Updates

Despite our initial thoughts that the DVC ROFR Monster was stirring from its slumber, it seems it only had an appetite for a light snack, taking a few bites out of some occasional Grand Floridian contracts. So much for our thoughts on an aggressive buyback strategy as we head into Disney’s newest quarter and fiscal year!

As each month passes, we see more and more resorts disappearing from the ROFR report, having not witnessed any buyback activity in over a year. It’s almost as if they’ve become invisible entities on the resale market landscape, which is good news for buyers who don’t want the added worry of ROFR when purchasing a contract.

Looking towards the future, one might wonder: Could the start of a new calendar year in January bring about a change in Disney’s approach in 2024? My gut feeling says probably not. It’s important to remember that Disney’s fiscal year 2024 actually kicked off on October 1st, 2023. Therefore, any significant shifts in strategy would likely have already been implemented.

At this point in time, it seems that Disney Vacation Club’s focus is largely concentrated on their actively selling resorts like Riviera, Aulani, and Disneyland Hotel. They also appear to be setting their sights on the upcoming new DVC resorts – The Cabins at Disney’s Fort Wilderness and the expansion of Disney’s Polynesian Villas.

For now, it appears the ROFR Monster is satisfied with its light snack and is currently showing no signs of a larger appetite.

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 November 2022 to November 2023:

Right of First Refusal ROFR Highest Price November 23

Disney Vacation Club Resort Resale Contracts Bought Back in 2023

The graph below shows the total amount of buybacks at each DVC resort for contracts sold by DVC Resale Market in 2023:

Right of First Refusal ROFR November 2023


Buy Back Rates for Disney Vacation Club Resorts in 2023

The table below shows the percentage of buybacks for the resorts that have had at least one contract bought back in 2023. Note, there have been no buybacks of the following resorts in 2023: Aulani, Grand Californian, Riviera Resort, Polynesian, Bay Lake Tower, Beach Club, Boardwalk, Boulder Ridge, Old Key West, Saratoga Springs, Vero Beach, and Hilton Head.

Resort Buybacks Number Sold % Bought Back
Copper Creek 4 219 1.8%
Animal Kingdom 2 461 0.4%
Grand Floridian 6 222 2.7%


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


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