Are you wondering whether or not you can sell your Disney Vacation Club membership? The answer is yes, but there are a few things to keep in mind before proceeding with the process. In this article, we will discuss the steps you need to take and the factors that may affect the sale of your membership.
What is Disney Vacation Club?
Before we dive into the details of selling your membership, let’s first understand what Disney Vacation Club (DVC) is. DVC is a timeshare program owned and operated by Disney. It allows members to purchase points that can be used for accommodations at various Disney resorts around the world.
Can I Sell My DVC Membership?
Yes, you can sell your DVC membership, but it’s not as simple as just putting it up for sale. First and foremost, it’s important to note that DVC memberships are not considered real estate.
Therefore, they do not come with a deed or title like traditional real estate. Instead, what you own is a contract that grants you certain rights to use Disney vacation properties.
Due to this unique ownership structure, there are restrictions on how and where you can sell your membership. For instance, if you purchased directly from Disney and want to sell within the first two years of ownership, you must first offer it back to Disney through their Right of First Refusal program.
Factors Affecting Sale
When it comes to selling your DVC membership, there are several factors that may affect its value and appeal to potential buyers. These include:
- The number of points remaining on your contract
- The resort(s) associated with your membership
- The current market demand for your particular contract type
- The current state of the economy and travel industry
The Selling Process
If you’ve decided to sell your DVC membership, there are a few steps you need to take. First, you’ll want to research the market to get an idea of your membership’s value and what other similar contracts are selling for. You can do this by checking resale websites or working with a licensed broker.
Once you have an idea of what your membership is worth, you’ll need to find a buyer. This can be done through private sales or by listing your membership with a broker. Keep in mind that if you list with a broker, they will take a commission on the sale.
Once you’ve found a buyer and agreed on a price, you’ll need to prepare the necessary paperwork and transfer the ownership rights to the new owner. This usually involves working with Disney’s Member Services department and paying any transfer fees associated with the sale.
Conclusion
In conclusion, selling your Disney Vacation Club membership is possible but comes with certain restrictions and considerations. By doing your research and working with reputable brokers or buyers, you can ensure a smooth transaction that benefits both parties involved.
Remember to keep in mind the factors that may affect your membership’s value and appeal, such as remaining points and resort locations. With proper planning and execution, selling your DVC membership can be a positive experience.