We’re back with another DVC ROFR monthly update. For the first time in more than a year, DVC Resale Experts had a single ROFR buyback. Considering the last time DVC Resale Experts had a buyback was December of 2022, this is kind of a big deal. As you’ll see below in our Disney ROFR DVC February 2024 edition, this is still a great time for DVC resale buyers as nearly all contract sales continue to go through to completion on the first try.
While this makes it a great time to buy, note that well priced contracts are selling. If you’re ready to sell DVC, it is very possible.
When we have them, we share our Disney ROFR DVC stats from the month before. We go over the numbers, aiming to inform potential DVC resale buyers and sellers. The statistics discussed below are based on DVC Resale Experts’ own sales and data. So welcome, or welcome back, and let’s see how things turned out for ROFR DVC February 2024.
If you’re interested but not sure what ROFR is or how it works, scroll down for the basics.
Disney ROFR DVC February 2024: We’ve Got One!
After more than a year, there is finally something to report here. We usually cover the resorts that were bought back by Disney in the past month. This time we have just one. We’re also still chatting about why things might be the way they are. We won’t know for sure if buybacks are something to consider for more resorts until time passes.
In February of 2024, Disney chose to use ROFR to buy back about 2% of DVC Resale Expert sales. Out of the 46 ROFR responses received, 45 contracts passed and 1 was bought back by DVC.
The only property affected by ROFR DVC interception in February of 2024 was The Villas at Disney’s Grand Floridian Resort and Spa.
The Villas at Disney’s Grand Floridian Resort and Spa had one buyback in February and at a high of $140 per point.
Before this, the last DVC ROFR buyback was Copper Creek Villas and Cabins at Disney’s Wilderness Lodge in December of 2022. This is still hopeful news for those interested in buying and hoping to avoid a ROFR buyback during the process.
Resorts that were not bought back by DVC during this time, because Disney Vacation Club chose to not buy any back, include the rest of the home resort round up: Disney’s Animal Kingdom Villas, Aulani, A Disney Resort and Spa, Bay Lake Tower at Disney’s Contemporary Resort, Disney’s Beach Club Villas, Disney’s BoardWalk Villas, Boulder Ridge Villas at Disney’s Wilderness Lodge, Copper Creek Villas and Cabins at Disney’s Wilderness Lodge, The Villas at Disneyland Hotel, The Villas at Disney’s Grand Californian Hotel, Disney’s Hilton Head Island Resort, Disney’s Old Key West Resort, Disney’s Polynesian Villas & Bungalows, Disney’s Riviera Resort, Disney’s Saratoga Springs Resort and Disney’s Vero Beach Resort.
Thoughts on Disney ROFR DVC Stats
So does having a buyback happen change anything? We’ve known it was possible all this time. The break was pretty nice for those interested in buying DVC resale, knowing their sale would go through to completion. It was especially nice for those interested in purchasing rare DVC resale market contracts. In the event that a contract is bought back by Disney, the Experts will be ready to assist you in finding the next right contract.
It’s important for us to share the popular ROFR DVC buy back resorts to inform buyers of their potential risk of a ROFR buy back. We don’t know exactly why Disney Vacation Club favors buying back different resorts at different times. So far in all of 2023 and 2024, just this buyback at The Villas at Disney’s Grand Floridian Resort and Spa has happened for DVC Resale Experts clients. If you place an offer on a resale contract and the seller accepts, you’re likely on your way to becoming the owner. We’re not sure why this DVC ROFR report is still just one buyback but we can take a few guesses.
Why have Disney Vacation Club buybacks been rare in 2023 and early 2024?
Right of First Refusal buybacks are usually a regular occurrence. In a typical month, we might see a few buybacks at a few different resorts. We’re always aiming to keep potential buyers informed on which resorts are most popular. Not only are the resorts that Disney is interested in buying back important but the amount Disney is paying for those buybacks can guide you in your price point.
DVC doesn’t share why or when they might buy contracts back. Following news and trends can help us hypothesize. The pause on ROFR buybacks could be due to any of the following or some combination of these:
- Disney reported Disney Vacation Club sales were down within the last year
- Big changes have been happening at Disney since Bob Iger’s return to the CEO position in 2022
- With higher interests rates, potential buyers could be waiting for loan rates to come down
- There are lots of DVC additions, like The Villas at Disneyland Hotel and The Cabins at Disney’s Fort Wilderness Resort that could be more of a draw for buyers
- Because of all this, Disney Vacation Club may be fully stocked and not need to buy back any contracts to cater to potential buyers’ needs
Disney continues to share a commitment to put money into the parks globally. That will certainly bring changes to Disney Vacation Club. We’ll have to see how that affects the resale market. You can catch up on news and updates of this kind, and more, each month in our Disney news and updates.
ROFR DVC Stats and Pricing Competitively
If you’re interested in buying a contract at a home resort that Disney is more likely to buy back in more normal conditions, this might be a good time to put in that offer you’ve been waiting on. If buy backs become regular again and you miss this window of opportunity, talk to an Expert about pricing your offer competitively.
DVC Resale Experts helps buyers reach a number that makes the most sense based on the current DVC resale market. Following buyback trends and high prices paid by Disney Vacation Club continually gives us insight into what is necessary to submit a strong offer and have a contract close for resale buyers.
In more normal months, when we’re talking about the per point prices, remember the amount of points on the contract has an affect on that number. Contracts with higher point values typically sell for a little less per point. Contracts with less points sell for a bit more per point. This can definitely have an influence on how buyback high prices appear to be going. Talk with your expert regarding your specific interests and pricing.
Disney ROFR DVC Meaning
To refresh your memory or fill you in, here’s a reminder of what ROFR stands for and means. The letters ROFR stand for Right of First Refusal. What is DVC ROFR? Disney Vacation Club contracts say Disney has the Right of First Refusal, or the first opportunity, to buy a contract back when a Member chooses to sell Disney Vacation Club.
ROFR buybacks happen during the closing process when a Member is selling a DVC contract. When the seller accepts an offer from a buyer, Disney is able to buy the contract back at the agreed upon rate instead of letting the sale go through.
When Are Disney ROFR DVC Stats Important?
The Right of First Refusal is not as important for someone who is selling DVC points. Sellers make the same amount from a sale if Disney chooses to buy it back because they must pay the rate the seller agreed to sell it for as specified in Disney Vacation Club contracts. For sellers, Disney choosing to buy a contract back doesn’t make too much of a difference since the price is the same.
The Right of First Refusal is a very important part of the process for those who are buying resale DVC points. If Disney chooses to buy back the contract during the Right of First Refusal process, the sale does not move forward for the buyer. When this happens, DVC Resale Experts is happy to help the buyer find the next right contract that will make their vacation dreams come true.
DVC Resale Experts is Ready to Help
Thinking about adding on points? Want to become a DVC Member by purchasing a resale DVC contract? With prices the way they are, and buybacks seemingly still not as frequent as they once were, it’s still a great time to become a Member or add on points.
DVC Resale Experts is an independent, licensed real estate broker with a team specializing in resale DVC. Our licensed real estate agents are former Disney Vacation Club Guides. That means you can expect pixie dusted service and helpful insight when buying or selling DVC with the Experts. If you have questions throughout the process, you can consult with your professional. Get in touch today for next steps. You can also see our resale DVC listings for a look at what’s available right now. Don’t see what you’re wishing for? Join the DVC Resale Experts Buyer Wish List. An Expert will contact you when a contract that suits your vacation needs magically appears on the DVC resale market.
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