As summer simmers down, we still haven’t seen a ROFR DVC buyback in 2023. Disney is working through some big issues. The legal matters being pursued with the governor of Florida are surely having an impact on decision making. Another month has passed and there have not been any ROFR DVC buybacks. As you’ll see below in our Disney ROFR DVC July 2023 edition, buybacks are still paused. It’s a great time to buy DVC resale. Note that well priced contracts are selling so if you’re ready to sell DVC, it is very possible.
Each month we share the 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 July 2023. If you’re interested but not sure what ROFR is or how it works, scroll down for the basics.
Disney ROFR DVC July 2023: More of the Same
For the seventh month in a row, there is nothing to report. This is much different from our usual monthly DVC ROFR roundup. However, we still have a few things to talk about. Below we discuss, and try to understand, why there are no ROFR buybacks to report on at this time. In July of 2023, Disney chose to use ROFR to buy back 0% of DVC Resale Expert sales. Out of the 30 ROFR responses received, 30 contracts passed and 0 were bought back by DVC. At this point, the last DVC ROFR buyback was Copper Creek Villas and Cabins at Disney’s Wilderness Lodge in December of 2022.
No properties were affected by ROFR DVC interception in July of 2023. This, in combination with low per point prices at resorts, makes it a great time to buy DVC resale.
Resorts that were not bought back by DVC during this time, because Disney Vacation Club chose to not buy any back, include the entire 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 Disney’s Grand Californian Hotel, The Villas at Disney’s Grand Floridian Resort, 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
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, no resorts have been a favorite because no DVC ROFR buy backs have happened for DVC Resale Experts clients. That means if you place an offer on a resale contract and the seller accepts, you’re on your way to becoming an owner. We’re not sure why this DVC ROFR report is another blank slate but we can take a few guesses.
Why isn’t Disney Vacation Club buying back contracts?
DVC doesn’t share this information but we can consider a few potential reasons ROFR buybacks aren’t happening so far this year. The pause on ROFR buybacks could be due to any of the following or some combination of these:
- Buybacks slowed down at the end of 2022 and completely stopped in 2023. Bob Iger returned to The Walt Disney Company as CEO in November of 2022 and started to make big changes. This could be related to a spending freeze.
- With higher interests rates, potential buyers could be waiting for rates to come down.
- Pent up demand for travel has fizzled out. This could mean timeshare purchases are down in general as well.
- Those looking to buy DVC might be considering some of the newer resorts and waiting for information to become available for those instead of buying now.
You can catch up on news and updates of this kind, and more, each month in our Disney updates.
What Disney ROFR DVC July 2023 Stats Mean for Buyers
Whatever the cause, with DVC not buying contracts back through the ROFR, buying resale DVC becomes even more intriguing. We don’t know how long this will last but it streamlines purchases for buyers when the sale goes through without interception. With excellent prices on resale Disney Vacation Club contracts, the buyer’s market continues. It’s a great time to look for your dream contract and negotiate with a seller!
If you’re on the market to buy, you will still want to note which resorts could be popular buybacks. Disney might resume at any time. Those resorts include Disney’s Animal Kingdom Villas, Bay Lake Tower at Disney’s Contemporary Resort, Copper Creek Villas and Cabins at Disney’s Wilderness Lodge, Disney’s Old Key West Resort and Disney’s Saratoga Springs Resort. Animal Kingdom and Saratoga Springs had about two times as many buybacks as some others mentioned here. Those two are especially important to aim to price right for with Bay Lake Tower a third to consider. This is all based on Disney ROFR DVC buybacks from the full year of 2022. Remember it’s possible that Disney can buy back at any home resort but these have been the ones we usually see a notable percentage of go to ROFR.
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 start up again and you miss this rare 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.
Understanding DVC Numbers and Statistics
Note that ROFR numbers for the month don’t always align perfectly with the numbers in our other monthly series on the DVC average resale price. The closing process usually takes more than thirty days from start to finish. Because of this, details of a contract may be accounted for in different months in these recurring blog post series.
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. Disney Vacation Club contracts say Disney has the Right of First Refusal, or the first chance, to buy a contract back when a Member chooses to sell DVC points. 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. 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. For sellers, Disney choosing to buy a contract back doesn’t make too much of a difference since the price is the same.
Using ROFR DVC Information
We aim to serve potential buyers with these monthly Disney ROFR DVC Stats. It’s helpful to be informed on recent price trends to place a competitive offer. There is no guarantee a resale transaction will go through. Looking at the high prices Disney Vacation Club has paid recently and pricing your bid accordingly can help lower the chances of a ROFR buyback. The resorts Disney Vacation Club is most interested in buying back change at random. Knowing if the home resort you want to buy at has recently been a favorite of Disney’s for buybacks is helpful as well.
Count On DVC Resale Experts
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 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.