It’s only May and 2023 has already proven to be quite a memorable year for The Walt Disney Company. Chief Executive Officer Bob Iger continues to make changes within the corporate and creative structure, most recently with 7,000 layoffs affecting the company on both coasts. Disney’s legal battles in Florida charge on as they sue the governor, alleging government retaliation for sharing their beliefs. There are also some positives coming our way with anticipated films like Guardians of the Galaxy Vol. 3 and The Little Mermaid hitting theaters this month. As you’ll see below in our Disney ROFR DVC Stats for April 2023, the buybacks are still paused. This is likely due to the first few things mentioned here but we speculate in detail a few paragraphs down.
Each month we share the Disney ROFR DVC stats for 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 Disney ROFR DVC stats April 2023 edition. If you’re interested but not sure what ROFR is or how it works, scroll down for the basics.
Disney ROFR DVC Stats for April of 2023
For the fourth month in a row, there is nothing to report! This is different from our usual monthly DVC ROFR roundup but 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 April of 2023, Disney chose to use ROFR to buy back 0% of DVC Resale Expert sales. Out of the 34 ROFR responses received, 34 contracts passed and 0 were bought back by DVC.
No properties were affected by ROFR DVC interception in April of 2023. This, in combination with low per point prices at most 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 why Disney Vacation Club favors buying back different resorts at different times. So far in 2023, no resorts have been favored as 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 DVC buying back contracts?
This isn’t information Disney Vacation Club shares but we can hypothesize over why DVC isn’t buying back contracts right now. It could be because of a spending freeze due to changes within the company or a slowdown in DVC sales due to the end of the travel boom or economic uncertainty.
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 a potential buyer, it’s still good to be aware of which resorts have been popular buybacks in the recent past as Disney can resume buying contracts back at any time. Those 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. 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. The Experts are happy to talk you through pricing for success at any home resort.
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 while 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 resort and pricing.
Understanding DVC Numbers snd 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 but 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 favored by Disney 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 or 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 and you’ll be contacted when a contract that suits your vacation needs magically appears on the DVC resale market.
