Resale vs. purchasing directly from DVC?
The Disney Vacation Club is a wonderful timeshare ownership whether you purchase directly from Disney or through the resale market. The main differences between the two avenues of purchasing include the expanded resort options available on the resale market and the per point price savings. All properties are available for resale. When you purchase a Disney Vacation Club Resale, you are buying from a family "Just like Yours." There is no difference in ownership - you are not treated differently when you check into your resort. There are some new perks that have been removed/changed in the past several years and the next question will address the differences in buying resale. Disney will treat every owner equally as a valued guest. You will receive your new owner’s package directly from DVC after your purchase has closed.
Will I receive the same treatment as those who purchased directly through Disney?
You will receive the same great service, have access to member services, have a Disney Vacation Club Sales Guide and have access to all the DVC Resorts and all of the World Passport Collection Resorts (RCI). The only difference is that with the points you buy on the resale market is that they cannot be used for Disney Cruises, Disney Hotels that are not DVC villas, Adventures by Disney and the Concierge Collection. These options typically are not a great use of points and many people who are thinking of doing these options elect to rent out their points and use the cash to pay for their trip. You also will NOT get any discounts or perks that are currently offered. This includes discounts on merchandise/tickets/dining (many of these you can get with a Disney Visa card or Annual Pass) and the ability to go to DVC events and EPCOT Lounge. Also, note that Disney Vacation Club denotes these options as “incidental benefits” of Membership and reserves the right to discontinue them at any time regardless of how the membership is purchased. **As of 1/18/19 Disney announced that any new resale purchases will not be able to be used to stay at the new Disney Riviera resort or any future DVC resorts built. If you purchase Riviera or any future resort directly from Disney and then need to sell your contract, you will not be able to use the points to stay at any of the current previously built 14 DVC resorts and will only be able to be used at the Riviera or future resorts.
Can I try out the DVC resorts before purchasing?
You can always book the rooms directly through Disney as well. However, the cheapest way to stay in the resort is to rent points from a DVC Point Broker like www.DVC-RENTAL.com. It's a great way to take the DVC system for a "test drive" before purchasing and you can also try a few of resorts to determine which you'd like to make your HOME.
How do I determine the value of my contract?
The value of a DVC property is not too different than any other real estate. Our real estate professionals will look at the listings currently available and recently sold properties. The value is also driven by Disney through their right of first refusal process.
How does DVC compare to other timeshare resorts?
Disney Vacation Club (DVC) is a company, wholly owned by the Walt Disney Company. It is a point based system which allows for greater flexibility with vacation scheduling over a fixed week timeshare ownership. You can stay for 1 night or as many nights as you like, depending on how many points you own. DVC is the only timeshare in the world that is located ON Disney World property. There are many BENEFITS to owning a DVC membership. After you review the Disney Vacation Club website, please return here for resale savings.
How many points do I need to purchase?
Each DVC property has a different point usage chart. Only you know what your typical family vacationing needs are. Please refer to the point charts and plan a typical vacation that your family would take. Don't forget to take into account the time of year, size unit and how many times a year you would like to vacation. This will give you the number of points your family requires. Point usage secret: Eliminate one of the weekend nights from your stay and you will need fewer points. Many people like to do the Sun-Sat stay for this. You can always view the points charts on our website or use our DVC Points Calculator.
Do I have to buy the 100 point minimum for resale?
When buying a resale contract you can buy any number of points starting as low as 25 points as that is the minimum number of points on any contract (added as an add-on).
How do I use my points?
Once the sale is complete and Disney has updated their systems with your membership information and point balance, using your points is easy. Figure out how many points you need by using our DVC Points Calculator. Then you can log into www.dvcmember.com and Book Online or call DVC at 1-800-800-9800
What is my “Home” resort?
A member's home resort is the resort in which they have a real estate interest. The main advantage to owning a real estate interest in one resort over another is that members are allowed to make reservations at their home resort up to 11 months in advance. For the other resorts, it is only 7 months in advance. Any exchanges for accommodations external to resorts are made to and from a member's home resort. A member's home resort also determines the amount of annual dues paid.
Are there any upfront fees when selling my membership?
There are no upfront fees. Moreover, anyone asking for an upfront fee could be a scam or is unlikely to work hard selling your DVC membership as they already have gotten paid. Buy and Sell DVC only makes money when the contract is sold. So it is in our best interest to get your contract sold for you!
How much are Closing Costs and what is included?
Typical closing costs average between $450 and $700 based on the purchase price and if you are financing. This fee is for completing a title search, providing you with title insurance and includes all of the document preparation and recording fees with the county your property is based. Closing costs will differ from state to state. Florida, California, South Carolina and Hawaii all have different laws to abide by and the fees differ as well. Our associates can give you a more exact amount based on which contract you are looking to purchase.
After an offer is accepted how long does it take to close?
Once the Disney Vacation Club contract has been properly signed and the deposit received, on average closing takes 8 weeks. However, closing is based on Disney's time frame and any reservations the seller may have (represented by a "can't close until" date). The closing can happen prior to 8 weeks. Please consult with one of our agents for a better time frame for your particular resale. And please note, you do not have to come to Orlando, Florida for the closing. Typically, all paperwork is handled through the use of e-mail and fax.
What is the “Use Year”?
The “Use Year” refers to the 12 month period starting on the first day of the “Use Year” you own. If you own a Dec., DVC will put your allotted points into your account on Dec. 1st of each year. If you need to vacation in the same month every year, you should purchase an ownership where the use month precedes the vacation time by no more than 10 months, (gives time to bank points if you cancel your vacation). If you are flexible with your vacationing, “Use Year” becomes much much less important.
What are maintenance and taxes (annual dues)?
When you purchase a DVC ownership through the resale market, all dues will be current at closing. All current years maintenance fees must be paid in full at the time of transfer. DVC bills all owners in Dec. for the next year’s dues, payable by Feb., regardless of the use year (the month Disney puts the points into your account). You can pay annually by credit card, Disney Visa points, or check. You also have the option to pay monthly by setting up your automatic checking account deduction payment plan with DVC, 12-month interest-free.
Once the contract is sold, how much do I receive?
You will receive the sale proceeds less a $150 Estoppel Fee and a 6.5% commission (by far the cheapest out of the Resale companies!) Any outstanding liens, mortgages, maintenance fees or late fees that may have been assessed to your property will also be deducted. Closing costs are typically paid by the buyer. Please note as a foreign seller you will most likely also have to pay a 15% FIRPTA tax. If you are selling an Aulani contract there is a 10% Hawaii tax.
DVC "Holding" points?
Cancellations coming between 1 and 30 days prior to check-in result in points being placed in a Holding status. Holding points are still the property of the member, but they can only be used to book a trip with 60 days’ notice or less. Holding points may not be banked, and will expire at the end of the current Use Year.
The number of points needed depends on the room type, resort, and time of year selected. Points can be saved, or "banked", for use the following year. Points can also be borrowed from the upcoming year, for use in the current year. Maximum use is 3 years worth of points at one time (by combining banked, current, and borrowed points).
Are Resale prices negotiable?
Some Sellers are negotiable and some are firm at their asking price. By law, we are required to present all offers made. The associates at Buy and Sell DVC will also advise you if the offer your presenting risks not passing Disney’s Right of First Refusal (ROFR) so you may make an informed decision about the price you would like our team to present. While getting a great price is important, making sure you get the contract that you want is a top priority.
DVC’s Right of First Refusal?
The purpose of DVC’s ROFR is to control the value of their property so that it remains in step with current values. When there is an accepted offer and a signed contract with a good faith deposit in escrow with a licensed and bonded title company, we immediately forward all contracts to the DVC Review Board. The criteria DVC uses for ROFR is not public information but one important factor for exercising (stepping in as a buyer) the ROFR would be if DVC feels the selling price, including who pays closing costs and maintenance and taxes is below the target price they have established. If DVC exercises their Right of First Refusal (ROFR) and steps in as the Buyer, your deposit will be refunded in full at your request or we'll continue to work to find another contract for you.
How long after closing can I schedule a vacation?
Once the sale has closed, it takes about 14 days for Disney to set up your new membership and mail your new membership cards for you to have the ability to schedule your first vacation using your new DVC points.