DVC then becomes the buyer. The seller instead gets its money from Disney and the buyer loses the contract. There is no second chance; the resale contract is lost to Disney. There is no financial hardship on the potential buyer — they will receive a refund on any down-payment that may have been part of the deal. But the buyer will have to go back to square-one and try to find another deal.
Disney must be given up to 30 days to review the contract and decide whether they will exercise ROFR, but it usually takes less time than that. A contract in which the sales price is below the average market value is particularly prone to being purchased by Disney via ROFR.
To avoid this kind of delay, make more competitive offers. All broker fees and commission are typically paid by the seller. I strongly recommend that you work with a broker who is thoroughly experienced in selling DVC contracts.
There are several reputable companies out there that list DVC contracts. Once you have found a resale listing you like, you make an offer on it. Once the price is accepted by the seller, a contract is sent to you for your signature.
Disney can take up to 30 days to review the contract and make a decision whether to exercise their Right of First Refusal. Disney generally makes their decision in less than 3 weeks. Of course, you have to decide if member benefits will be worth it to you over the long haul. Without that direct membership, there is no discount on annual passes , no merchandise or dining discounts, no access to member cruises or special member events at the parks.
There are also 3 outside exchange options that resale buyers cannot take advantage of — Adventures by Disney , the Concierge Collection, and the Disney Collection. It should be noted, however, that most DVC owners consider using points for things like Adventures by Disney, Disney Cruise Line , and other exchanges are not a good value when using Disney Vacation Club points.
For some, the option to have those outside exchanges along with the other perks that come from purchasing directly through Disney are worth the additional cost. It should be noted that you also get many of the same merchandise discounts with your annual pass in fact, in many cases, the AP discount is larger than the DVC discount. Disney Vacation Club is a great way to guarantee that you will have a stress-free time planning your future vacations. DVC resorts offer private, spacious villas and may include kitchens and private balconies.
Your home resort will really feel like a home. You have the benefits of buying direct from Disney and you get to save on additional point purchases. A win-win! These benefits include discounts on tickets, merchandise, and dining. You may also find less flexibility on resort preferences when you buy points resale.
Also, if you love to take a vacation on a whim, DVC might not be for you. Since demand is so high, you have to plan your trip months out to guarantee you get the resort and room you want. What feels like a perfect fit for some, may not work for others. Consider making your own pros and cons list, or contact a DVC resales expert for more information. She is a social media strategist and digital marketing specialist with a diverse background in brand recognition, quality control, and content production.
Lauren has lived in Central Florida for over ten years and loves to travel, cook her favorite recipes, and spend time with her family. You must be logged in to post a comment. Please enter your username or email address. You will receive a link to create a new password via email. Buy Timeshare By Brand. See All Brands. Buyer Tools. See All Listings. Timeshare Financing. The best timeshare financing services for buying a new timeshare, resale, or re-financing.
Learn More. Sell Timeshare By Brand. Know Your Options Make smarter decisions. Listing Your Timeshare Sell your timeshare. Seal The Deal Timeshare closing process. She has enjoyed more than 10 DVC member cruises, stayed in almost every DVC resort, maintains an annual pass to Walt Disney World and has shared the magic with thousands of friends and clients.
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