DVC Right of First Refusal (ROFR): May ’16 Report

Filed in Disney's Boardwalk, Old Key West, ROFR

Stringed lights and brightly colored buildings line the boardwalk at Disney's Boardwalk Villas

In the month of May, Disney exercised their right of first refusal (ROFR) on 3 contracts that were sold through the DVC Resale Market. The 3 contracts consisted of 2 Old Key West contracts and 1 Boardwalk contract.  Both resorts have been historically popular buy backs.

It was interesting to note, that all 3 contracts bought back in May had the seller paying the 2016 annual dues, and 2 of the 3 contracts had all the 2016 points coming.  The theory of negotiating more on dues and less on price to have a better chance of getting through ROFR didn’t hold true in May.

Below are the details on the 3 contracts bought back in May.

Resort Price Per Point Points On Contract Price Closing Costs Paid by 2016 Annual Dues Paid by Use Year Point Availability 
Boardwalk $93 150 $13,950 Buyer Seller Oct. 150 Points Coming Oct. ’17
Old Key West $79 150 $11,850 Buyer Seller Sep. 150 Points Coming Sep. ’16 + 150 Points Coming Sep. ’17
Old Key West $83 100 $8,300 Buyer Seller Sep. 100 Points Coming Sep. ’16 + 100 Points Coming Sep. ’17



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