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.
