DVC Right of First Refusal (ROFR): November ’17 Report

Disney's Old Key West

In the month of November, Disney exercised their right of first refusal (ROFR) on 8 of 167 vacation club contracts sold through the DVC Resale Market, representing 4.8% of the contracts sold.  This lowers the year-to-date (YTD) buy back rate to 7.3%.  In November, the buy back rate stayed almost flat when compared to the month before.  In November, 95.2% of contracts were waived by Disney, slightly raising the YTD waiver rate to 92.7%.

For the second straight month, Old Key West is the number one resort being bought back.  In fact, in November, Old Key West accounted for over half of the buy backs: 5 out of 8.  Although, Old Key West is dominating the buy backs this Fall, it is highly unlikely it will pass Saratoga Springs in 2017 for the most buy backs.  Year-to-date, Saratoga Springs has had 49, and the next resort is Old Key West at 29.

November’s buy back rate of 4.8% contributes in lowering the YTD buy back rate to 7.3%, which is still trending over 65% higher than 2016’s buy back rate of 4.4%.

In November, price stayed almost flat and likewise was the buy back rate.  The relationship between price per point and buy back rate for 2017 is shown in the graph below.

Price Per Point vs. Buy Back Rate 2017

What is Right of First Refusal?

For those new to the concept of Right of First Refusal, it 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 may take up to 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.

Disney Vacation Club Resort Contracts Bought Back in 2017

Please refer to the graph below for the total amount of buy backs at each DVC resort for contracts sold through the DVC Resale Market year-to-date through November of 2017:

Year-to-date Disney Buybacks 2017

Details on DVC Buybacks

In November, 4 resorts saw buy backs: Animal Kingdom, Boulder Ridge at Wilderness Lodge, Hilton Head and Old Key West. Notably missing was Saratoga Springs, which has seen the most buy backs of any resort in 2017.

All of the resorts bought back had solid point availability with having at a minimum the majority of their 2018 points still available.

Resort $/Point Pts. on Contract Price Closing Costs Paid by ’17 Dues Paid by Use Year Point Availability
Animal Kingdom $95 315 $29,925 Buyer Seller Dec. 0 pts. ’17 + 315 pts.’18
Boulder Ridge $95 150 $14,250 Buyer Seller Oct. 23 pts.’17 + 150 pts.’18
Hilton Head $67 359 $24,053 Buyer Seller Mar. 139 pts.’17 + 359 pts.’18
Old Key West $78 340 $26,520 Buyer Seller Jun. 0 pts.’17 + 340 pts.’18
Old Key West $80 184 $14,720 Buyer Seller Dec. 0 pts. ’17 + 139 pts. ’18
Old Key West $84 150 $12,600 Buyer Seller Dec. 0 pts.’17 + 150 pts.’18
Old Key West $93 300 $27,900 Seller Seller Dec. 11 pts.’16 + 300 pts.’17
Old Key West $83 230 $19,090 Buyer Seller Apr. 0 pts.’17 + 230 pts.’18

Buy Back Rates for Disney Vacation Club Resorts

There were 4 different DVC resorts bought back in November for contracts sold by DVC Resale Market.  The table below shows the percentage of buy backs for those 4 DVC resorts:

Resort Buy Backs Number Sold Percentage Bought Back
Animal Kingdom 1 27 3.7%
Boulder Ridge 1 7 14.3%
Hilton Head 1 4 25.0%
Old Key West 5 15 33.3%


Learn more about buying and selling with DVC Resale Market.


  • Lloyd
    December 16, 2017

    I suspect Disney just calls everyone on their waiting list who want to add points or buy a new contract directly when they get a contract for ROFR. If they have takers, they buy back the contract to immediately resell. That would explain why they buy some at higher prices and pass up cheaper ones the month before.

  • Steve
    December 3, 2017

    I have 550 points for OKW every year If I wanted to sell them and repurchase? Does it make any sense to do so?

    • Nick Cotton
      December 3, 2017

      Steve, yes, often we have Members who are selling in order to purchase another DVC Resort or downsize points.

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