Are you planning a Disney vacation and considering buying a Disney Vacation Club (DVC) membership? If so, you may want to explore purchasing a DVC resale instead of buying directly from Disney.
This can save you thousands of dollars, but it’s important to understand the process and potential pitfalls. Here’s what you need to know about buying DVC resale.
What is Disney Vacation Club?
Disney Vacation Club is a timeshare program operated by Disney. Members purchase points that can be used to book stays at DVC resorts, which are located at various Disney theme parks and other destinations. Members also have access to other benefits such as discounts on merchandise and dining.
What are the benefits of buying DVC resale?
The main benefit of buying DVC resale is cost savings. When you buy directly from Disney, you’re paying for marketing and sales expenses that are built into the price. Resale prices can be significantly lower – sometimes up to 50% less than direct prices.
Another benefit is that you have more options when purchasing resale. You can choose from contracts that have already been sold out or expired, which may not be available for purchase directly from Disney.
How do I buy DVC resale?
The first step in buying DVC resale is to research reputable brokers. Look for brokers who are licensed real estate agents, members of the Better Business Bureau, and have good reviews online.
Once you’ve found a broker you trust, browse their listings and choose a contract that meets your needs. Make sure to review all the details carefully, including the number of points included in the contract, the expiration date, and any restrictions or fees.
When you’re ready to make an offer, your broker will prepare a purchase agreement outlining the terms of the sale. You’ll need to sign this agreement and provide a deposit (usually around 10% of the purchase price).
The next step is to have the contract reviewed by Disney to make sure there are no issues with transferring ownership. This process can take several weeks, so be patient.
Once Disney approves the transfer, you’ll need to pay the remaining balance and any closing costs. Your broker will handle the transfer of ownership paperwork and you’ll receive a new membership card in the mail.
What should I watch out for when buying DVC resale?
While buying DVC resale can save you money, there are some potential pitfalls to be aware of. One is that resale contracts may have restrictions or limitations that don’t apply to direct purchases. For example, some contracts may not include access to certain perks or benefits.
Another risk is that Disney can change its policies or fees at any time, which could impact your ownership costs or benefits. Make sure you understand all the terms of your contract and what could happen if there are changes.
Finally, it’s important to work with a reputable broker and avoid scams. Don’t send money or sign contracts until you’re sure you’re dealing with a legitimate broker.
In conclusion
Buying DVC resale can be a smart way to save money on your Disney vacations, but it’s important to do your research and work with trusted brokers. As long as you understand the process and potential risks, you can enjoy all the benefits of DVC membership at a lower cost.