DVC Right of First Refusal Report (ROFR): September ’21
DVC Exercises Right of First Refusal (ROFR)
Year-to-date (YTD) through September 2021, Disney has exercised their right of first refusal (ROFR) on 304 Disney Vacation Club (DVC) contracts. DVC Resale Market (DVCRM) has sold 3,493, resulting in a 10.5% buy back rate (Contracts Bought Back in 2021/Contracts Sold in 2021). The 2021 waiver rate is 89.5%.
Key ROFR Updates
- The buyback rate significantly jumped in September with 80 buybacks from DVCRM alone. There were more buybacks in September than the previous 3 months combined.
- 95% of all buybacks in September were from three DVC resorts: Animal Kingdom (30), Saratoga Springs (27), Old Key West (19).
- Animal Kingdom and Copper Creek set new price per point buy back records in September at $138 and $160 respectively.
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 September 2020 to September 2021:
Disney Vacation Club Resort Resale Contracts Bought Back in 2021
The graph below shows the total amount of buybacks at each DVC resort for contracts sold by DVC Resale Market in 2021:
Buy Back Rates for Disney Vacation Club Resorts in 2021
The table below shows the percentage of buybacks for all 9 different resorts that have had at least one contract bought back in 2021. Note, there were no buybacks of the following resorts in 2021: Aulani, Beach Club, Boulder Ridge, Grand Californian, Riviera Resort and Vero Beach.
|Resort||Buybacks||Number Sold||Percentage Bought Back|
|Bay Lake Tower||54||301||17.9%|
|Old Key West||96||310||30.9%|
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