What is the Right Of First Refusal (ROFR)?
Right of First Refusal is a clause which allows the resort where your timeshare property is located to purchase it for the listed price before any private buyer. Timeshare sellers are required to alert the resort when they have agreed on a sale price with a buyer (if you decide to resell timeshare through a licensed broker, the broker will contact the resort on your behalf). If the resort declines their ROFR, then you may continue with the private buyer.
