DVC Exercises Right of First Refusal (ROFR)
Year-to-date (YTD), Disney has exercised their right of first refusal (ROFR) on 7 Disney Vacation Club (DVC) contracts, and DVC Resale Market (DVCRM) has sold 3,347, resulting in a 0.2% buyback rate (Contracts Bought Back in 2023/Contracts Sold in 2023). The 2023 waiver rate is 99.8%.
Key ROFR Updates
August 2023 marked a notable shift in the DVC landscape, with the first Right of First Refusal (ROFR) activity recorded in seven months. In an unexpected move, the Disney Vacation Club bought back three contracts, sparking a flurry of speculation and curiosity among DVC members and prospective buyers. We highlighted these updates in a mid-month ROFR Report blog that you will definitely want to go back and read if you missed it!
This sudden resurgence of ROFR buybacks, however, came to a halt as quickly as it started. After the initial three contract buybacks