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DISNEY ROFR DVC MEANING

Letu2019s start with a quick introduction to what ROFR stands for and means. The letters ROFR stand for Right of First Refusal. This legal, real estate term refers to a part of every Disney Vacation Club contract. The Right of First Refusal gives Disney an advantage on buying timeshare contracts back. When a Member selling their Disney Vacation Club contract accepts an offer from a buyer, Disney is then able to buy the contract back at the agreed upon rate. This happens instead of letting the sale go through if they choose to do so.

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DISNEY ROFR DVC MEANING

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  1. DISNEY ROFR DVC MEANING

  2. Let’s start with a quick introduction to what ROFR stands for and means. The letters ROFR stand for Right of First Refusal. This legal, real estate term refers to a part of every Disney Vacation Club contract. The Right of First Refusal gives Disney an advantage on buying timeshare contracts back. When a Member selling their Disney Vacation Club contract accepts an offer from a buyer, Disney is then able to buy the contract back at the agreed upon rate. This happens instead of letting the sale go through if they choose to do so. If Disney does not choose to buy the contract back during the ROFR, the sale will go through for the original buyer as planned.

  3. The Disney timeshare follows some standard real estate rules. Technically, a Disney Vacation Club Membership is a deeded real estate. One of those rules in DVC contracts is the Right of First Refusal. 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 DVC points. ROFR buybacks happen during the closing process when a Member is selling a DVC contract.

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