DVC Right of First Refusal (ROFR): May ’16 Report0 Comments
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|