What Is ROFR?
Disney's Right of First Refusal (ROFR) gives Disney the option to purchase any DVC resale contract at the agreed-upon sale price before the buyer completes the purchase. This process typically takes 30-45 days after an offer is accepted.
Why Does Disney Exercise ROFR?
Disney exercises ROFR primarily when contracts are priced significantly below market value. They then resell these contracts at higher prices or use them for operational purposes. Popular resorts and contracts with favorable terms are more likely to be taken back.
What Happens If Disney Exercises ROFR?
If Disney exercises ROFR on your contract:
- Disney purchases the contract at the price you offered
- You receive your deposit back in full
- You can continue searching for another contract
- The seller receives payment from Disney instead of you
Passing ROFR Successfully
To increase your chances of passing ROFR:
- Offer at or above recent market prices
- Research recent ROFR results for your target resort
- Consider less popular use years or stripped contracts
- Be patient - ROFR waived means you can proceed to closing