Below is our Disney Vacation Club Right of First Refusal (ROFR) and resale data from offers that were accepted and sent to ROFR during the month of October.
Only two contracts have been exercised so far: Boulder Ridge 300 points ($95pp) and Old Key West 200 points ($85pp).
Contract sizes sold this month ranged from 50 points up to 500 points with the most common amount of points purchased being 200 points and the average amount of points purchased at 149 points. This is slightly lower than the previous months where the average contract sold is usually 160-180 points.
NOTES: Average sale prices do not reflect whether or not a contract is “loaded” (having current points + banked points) or “stripped” (having no current points). “Loaded” contracts typically sell for higher than average and “stripped” contracts tend to sell for slightly less than average. Also, smaller point contracts tend to sell for around $10-$15 per point higher than average due to high demand and lower inventory. Prices below do not include closing costs or annual dues, two separate features to the sale terms.
OCTOBER 2019 – DVC RESALES
|RESORT||Avg. Sale Price||DVC ROFR EXERCISED|
|Bay Lake Tower||$148|
|Beach Club Villas||$155|
|Old Key West (2042)||$85||200 points at $85|
|Old Key West (2057)||—|
$122 – small points
$77 – small points
|Wilderness Lodge: Boulder Ridge||$95||300 points at $95
|Wilderness Lodge: Copper Creek||—|
What is Disney’s Right of First Refusal?
The purpose of Disney’s Right of First Refusal (ROFR) is to control the value of their property so that it remains in step with current values. When there is an accepted offer and a signed contract with a good faith deposit in escrow, we immediately forward all contracts to the DVC Review Board. DVC will do an analysis of the terms of the contract and decide if they wish to “step in” as the buyer. The criteria DVC uses for ROFR is not public information but one important factor for exercising (stepping in as buyer) the ROFR would be if they feel the selling price, including who pays closing costs and maintenance and taxes, is below the target price they have established. If DVC exercises their ROFR and steps in as the buyer, your deposit will be refunded in full at your request.
If you have any questions about Disney’s ROFR or want more details on a particular sale or resort, please email us at firstname.lastname@example.org or call 866-544-2919.