what is ROFR?

[stacey_LI]

what is ROFR?

 

[mikeandkarla]

For owners it is a nice way to know the value of your ownership interest will maintain its value into the future because Disney will not allow points to be sold by the resale market for below market value. If the offer on a resale contract is too low, Disney will step in and buy the contract from the seller and resell those points to current or new members whom ar interested at the current price depending on the resort.
As a buyer, you must be aware that too low an offer on a resale will not get through Disneys Right of First Refusal.
In a sentence. ROFR give Disney the option to buy back the points on a contract that the owner wants to sell at the exact offer price that a buyer has offered the seller. I hope this makes sense.

 

[drusba]

ROFR stands for "right of first refusal." For any sale in the resale market, seller is required to send the purchase agreement to Disney which then has a right to purchase on the same terms as the buyer has agreed and, if it chooses to do so, the buyer's contract is canceled. Disney often excercises its ROFR when it believes the resale price is too low.