How much money will I receive once the contract is sold?
You will receive the sale proceeds less a $150 Estoppel Fee and a 6.5% commission. 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 also have a 15% withholding FIRPTA tax. However, we do have a recommended third party company that can work on the client's behalf with the IRS to allow the client to possibly receive a refund from the IRS on the withholding tax. In most cases, the sellers receive a refund of the tax but this cannot be guaranteed. The determination of any refund is provided by the IRS in approximately 12-14 weeks after closing. The third-party company’s fee for this is approximately $450. For additional information regarding FIRPTA let us know.
Please note for non-Hawaii residents selling Aulani: you will be assessed a 7.25% HARPTA tax on the selling price at time of closing. You can apply for an exemption via a qualified HARPTA specialist. For additional information regarding HARPTA let us know.
After an offer is accepted how long does it take to close?
The closing is set for 8 weeks from the day you and the buyer come to an agreement. If you have a pending reservation you can list the property now, however, the closing would take place after the check out date of your last reservation.
How fast will my Disney Vacation Club sell?
That will be determined by the resort you own, deeded number of points, the price you set and the points available. One of our licensed associates will be going over this with you in further detail to help you determine the best listing price.
Will I have support throughout the process?
Buy and Sell DVC, Inc.® prides ourselves on giving you support throughout the entire process. We will keep you updated on ROFR, final documents status, when the file closes and when your proceeds are sent. Our broker has been involved in Disney Vacation Club resales since 2004 and he understands the importance of keeping sellers updated throughout the entire process. You will have access to our broker via email and his personal cell phone. Our broker wants this experience to be smooth for sellers and buyers.
How do I begin the process of listing my Disney Vacation Club?
You can call us at 407-906-3789, email us at firstname.lastname@example.org or you can click on “Sell DVC - Information Request” under Selling.