DVC Right of First Refusal (ROFR): January ’16 Report0 Comments
In an effort to help educate Disney Vacation Club (DVC) resale buyers on the latest right of first refusal (ROFR) information we provide a monthly report to show the DVC contracts in detail that were recently bought back by Disney. This report for January 2016 is the 4th such monthly report.
In the month of January, Disney exercised their right of first refusal on 3 contracts that were sold through the DVC Resale Market. The 3 contracts consisted of 2 Vero Beach contracts and 1 Saratoga Springs contract. There is typically at least 1 or more Saratoga Springs contract or contracts bought back each month. This marks back to back months where 2 Vero Beach contracts were bought back. Last month the average price per point on the Vero Beach contracts that were bought back was $60/pt. and this month that average is $58/pt. The details of those contracts can be seen in the chart below:
|RESORT||PRICE PER POINT||POINTS ON CONTRACT||PRICE||USE YEAR||POINT AVAILABILITY|
|Saratoga Springs||$81||175||$14,175||Oct.||350 Points from Oct. ’15 + 0 Points Coming Oct. ’16|
|Vero Beach||$56||250||$14,000||Sep.||500 Points from Sep. ’15 + 250 Points Coming Sep. ’16|
|Vero Beach||$60||150||$9,000||Oct.||150 Points from Oct. ’15 + 150 Points Coming Oct. ’16|
Please note that all the contracts above had the buyer paying closing cost, seller paying 2015 annual dues and buyer paying 2016 annual dues.