Buyer Frequently Asked Questions
Why Should I Use DVC Shop To Buy My DVC Resale?
At DVC Shop, our licensed real estate brokers and agents have years of experience and training on the Disney Vacation Club (DVC) product. With our knowledge and expertise, our agents can answer any questions you may have about DVC resales and help you choose the best Disney Vacation Club contract for you and your family. Our DVC Shop agents will also use their extensive market insight to help you save anywhere from 10-50% off of direct Disney pricing.
Our experienced agents will also walk you through the purchase process and ensure a smooth and swift purchase transaction from beginning to end. But our service doesn’t end there! As a Disney Vacation Club resale owner, our friendly representatives are always happy to answer and clarify any questions you may have regarding usage of your DVC membership.
At DVC Shop, we’re available 7 days a week to assist you with any of your DVC buying, selling and rental needs.
How Do I Know Which Resort To Buy And How Many Points I Need?
The knowledgeable staff at DVC Shop is available 7 days a week to help answer any of your questions about resorts, point charts, room sizes and anything else you need to know about Disney Vacation Club that will help you decide what is best for you and your family. As every family is unique, we suggest getting in touch with one of our DVC experts to discuss your family’s travel habits and needs to determine the best contract for you.
As An Owner Am I Restricted To Use My Points Only At Disney?
No, every DVC owner is eligible to use the Interval International exchange program to make reservations at thousands of resorts in over 80 countries. Additionally, owners can rent their points to help finance any vacation around the world. Visit DVC Shop Rentals more information about rental pricing or to ask a rental expert any additional questions you may have about the rental process.
When Can I Make My First Disney Vacation Club Reservation?
Typically the resale purchase process takes approximately 8-10 weeks from beginning to end. The simple process is as follows:
- Find a property and contract for you and your family
- Make an offer, agree and sign a contract with the seller
- Your DVC Shop representative will then submit the contract to Disney and await the Right of First Refusal and Estoppel. This process typically takes 1 month. Please note, Right of First Refusal has been delayed by 3-6 weeks due to COVID-19.
- A title company will perform a title search to confirm clear title and ownership. This process takes approximately 2-3 weeks.
- Next the sale will be closed and all documentation will be submitted to Disney.
- Finally, Disney will establish your account and make you an official Disney Vacation Club member! This step takes approximately 2-3 weeks after closing. Please note, Right of First Refusal has been delayed by 3-6 weeks due to COVID-19.
Your DVC Shop representative will guide you through this process and will be available every step of the way to answer any questions and provide you with any necessary information to complete the purchase process as swiftly as possible.
Is There A Minimum Number Of Points I Have To Buy?
When purchasing from DVC Shop there is no minimum point requirement when buying on the resale market. You can buy as few as 25 points to become a Disney Vacation Club member, which is currently the smallest contract offered by Disney.
Some buyers may want to take advantage of Disney’s exclusive Membership Extras. To be eligible for Membership Extras you will need to buy a minimum of 150 points directly from Disney (as of June 2021). As a buyer you should evaluate whether these Membership Extras are worth the additional cost of purchasing directly from Disney.
What Additional Costs Can I Expect To Pay Above The Offer Price?
There are no hidden costs when working with DVC Shop to purchase your Disney Vacation Club contract. You will be responsible to pay the purchase price, closing costs and any financing costs if you choose to finance your purchase.
Are Prices Negotiable?
Just like in residential real estate sales, the price depends on the seller. Keep in mind that some very popular contracts will sell for full asking price or even more than asking. If you’ve found the perfect contract for you and your family don’t risk losing a great deal to save a few hundred dollars. Your DVC Shop representative can help guide you in making a fair offer and one that will likely pass Disney’s Right of First Refusal (ROFR).
What Is ROFR?
Right of First Refusal is the right held by Disney to replace the Buyer during the resale of a Disney Vacation Club contract. This means that if they choose, Disney can purchase the Seller’s contract under the same terms that were agreed upon between the Buyer and Seller. Disney has up to 30 days to decide if they would like to exercise or waive their Right of First Refusal.
How Often Does Disney Exercise ROFR?
It happens, but not too often. Disney Vacation Club exercises the ROFR on approximately 15-20% of contracts sold by DVC Shop. While there is a chance that Disney will exercise the ROFR, your DVC Shop agent will make recommendations on pricing based on our most recent sales as well as recent buyback (ROFR) experiences.
What Are The Expiration Dates For Each Resort?
|Animal Kingdom||Expires [resort_data resort=”animal-kingdom-villas” field=”expires”]|
|Aulani Ko’Olina||Expires [resort_data resort=”aulani-hawaii” field=”expires”]|
|Bay Lake Tower||Expires [resort_data resort=”bay-lake-tower” field=”expires”]|
|Beach Club||Expires [resort_data resort=”beach-club-villas” field=”expires”]|
|Boardwalk Villas||Expires [resort_data resort=”boardwalk-villas” field=”expires”]|
|Boulder Ridge||Expires [resort_data resort=”boulder-ridge-villas” field=”expires”]|
|Copper Creek||Expires [resort_data resort=”copper-creek” field=”expires”]|
|Grand Californian||Expires [resort_data resort=”grand-californian” field=”expires”]|
|Grand Floridian||Expires [resort_data resort=”grand-floridian” field=”expires”]|
|Hilton Head||Expires [resort_data resort=”hilton-head” field=”expires”]|
|Old Key West||Expires [resort_data resort=”old-key-west” field=”expires”]
(2057 for extended contracts)
|Polynesian||Expires [resort_data resort=”polynesian” field=”expires”]|
|Riviera Resort||Expires [resort_data resort=”riviera-resort” field=”expires”]|
|Saratoga Springs||Expires [resort_data resort=”saratoga-springs” field=”expires”]|
|Vero Beach||Expires [resort_data resort=”vero-beach-resort” field=”expires”]|
Is Financing Available?
Yes, there are several financing options available when purchasing a Disney Vacation Club resale contract. Below is a list of recommended options.
|DVC Lender||Phone Number||Website|
|Vacation Club Loans||800-334-2334||https://www.vacationclubloans.com/|
Are There Any Restrictions When Buying A DVC Resale?
When you purchase a resale contract at any of Disney’s original 14 Vacation Club Resorts you will be eligible to book reservations at any of the original 14 DVC locations. If purchasing a Riviera resale contract you will only be eligible to book at the Riviera Resort. All owners are eligible to exchange points through Interval International’s exchange program with thousands of resorts in over 80 countries worldwide.
Resale points may also not be used to make Concierge Collection, Disney Collection or Adventurer Collection reservations. Additionally, resale contracts are not eligible for Membership Extras such as member discounts on dining and shopping, member-exclusive events and certain other special member offers.
Seller Frequently Asked Questions
When Selling My DVC Membership with DVC Shop, Is My Exposure With DVC Shop Only Or Do You Work With Other Brokerage Companies?
DVC Shop uses all means possible to market your listing. Your listing will be placed on our website as well as other brokerage and/or marketing sites.
We are also one of the only Disney Vacation Club resale companies that co-brokers with other licensed resale companies to sell your contract as quickly as possible.
How Long Will It Typically Take To Complete My DVC Resale?
Most DVC Shop listings listed at market price will sell within a few weeks. If you’re looking for a quicker sale we do offer an Instant Sale option. See below for more information.
What Is An Instant Disney Vacation Club Sale?
Many sellers would like the option of getting an offer to sell their property without needing to wait. Our Instant Sale offers are guaranteed offers, often at or close to market pricing. Since we have a number of investors who compete to buy these units, we are confident that we will get you a fair offer for your property.
If you’re interested in receiving an Instant Sale offer, get started below.
As A Seller, What Are My Fees?
Sellers are responsible to pay a commission of 8.5% for the sale of your listing. Additionally, sellers pay the estoppel fee of $150. Keep in mind that any maintenance fees due and mortgages must be paid in full at closing. The buyer may be responsible for dues as negotiated in the contract.
If you are a non US resident or citizen, you may be required to pay FIRPTA or HARPTA fees. If you are selling an Aulani contract you may be be responsible for HARPTA.
How Long Will It Take To Close Once My Property Is Sold?
Sales typically take 8-10 weeks to close. However, this timeframe may be extended if you have any outstanding reservations as all reservations must be completed prior to closing. Please note, closings have been delayed by 3-6 weeks due to COVID-19.
When Is DVC Shop Compensated For The Sale Of My DVC Membership?
DVC Shop receives a commission after the sale of your contract is complete. The commission is paid through the closing company during the closing process, similar to traditional residential real estate sales. There are NO UPFRONT FEES when working with DVC Shop.
How Do I Prepare To Sell My DVC Membership?
To get started you can complete and submit a listing agreement and resort release. This will allow DVC Shop to get all pertinent information about your ownership and consult with you on the next steps. We may also ask you for a screenshot of your point activity statement which will expedite the listing and selling process. Fill out this form to get started.
Our knowledgeable agents will walk you through every step of the process and answer any questions along the way.