-How much are the closing costs?
Typically, closing costs range between $490 and $920 and that includes purchases between $3,000 to $41,000. The closing costs include a title search, title insurance, and all of the document preparation and recording fees with the county where your property is located. Closing costs will differ from state to state. Florida, California, South Carolina, and Hawaii all have different laws. Our associates will give you a more exact amount based on your purchase.
-What is the cost of maintenance and taxes (annual dues)?
When you purchase a Disney Vacation Club resale, all dues will be current at closing. All current year's maintenance fees must be paid in full at the time of transfer. DVC bills all owners in Dec. for the next year’s dues, payable by Feb., regardless of the use year (the month Disney puts the points into your account). You can pay annually by credit card, Disney Visa points, or check. You also have the option to pay monthly by setting up your automatic checking amount deduction payment plan with DVC, 12-month interest-free.
-Are the prices negotiable?
Some sellers are negotiable and some are firm at their asking price. We will be happy to present all offers for you. You can present offers through email or phone, whichever is more convenient for you. When we present your offer the seller with either accept, counter or say they are firm at their price. Be advised when you make an offer on a property it is still on the market to all buyers until you and the seller reach an agreement.
-Are there any hidden costs when buying a DVC Resale?
No hidden costs. When you purchase a DVC resale through Buy and Sell DVC, Inc.® you will simply have the purchase price, closing costs, and applicable Annual Dues.
-After an offer is accepted how long does it take to close?
Once the Disney Vacation Club contract has been properly signed and the deposit received, closing typically takes place within 6 to 8 weeks. The Title Company handles all money that changes hands between buy and seller.
-What is Right of First Refusal (ROFR)?
Right of First Refusal is the option Disney Vacation Club has to purchase any resale package after a sales price has been agreed upon and a contract has been executed. Each contract must be forwarded to DVC for review. DVC typically takes up to to 30 days to review the contract (can be longer based on DVC’s volume to review). At their discretion, Disney may step in and purchase the property themselves at the terms agreed upon by the Seller and original Buyer. DVC then becomes the Buyer, and the purchase is complete. Once DVC is the buyer there is not an opportunity to come back with a better offer in hopes of still purchasing the contract. If DVC buys back the property you are purchasing you get 100% of your money refunded to you or you might choose to keep the money in escrow to apply towards a new purchase.
-Is financing available for DVC resale contracts?
-How long after closing can I schedule a vacation?
Once the sale has closed, it takes about 7-14 days for Disney to complete the transfer of ownership. At that time they send you a welcome letter with your new member number. This could take as long as 3 weeks after closing. If you are a current DVC member you will have access to the additional points as soon as they are deposited into your account.
-How do I use my points?
Once your purchase is complete, and Disney has updated their system with your membership information and point balance, that’s when the fun begins! You can either log on to www.dvcmember.com
and Book Online or call DVC at 1-800-800-9800.
-Will I be treated any differently if I purchase a membership on the resale market rather than buying directly from Disney?
You will receive the same great service as any other Disney Vacation Club Member! You’ll have access to member services, Magical Express, Extra Magic Hours and complimentary parking. Members do not pay resort sales tax, members pay no currency exchange on their points and your membership is deeded meaning you can pass it on the next generation. You’ll have access to the original 14 Disney Vacation Club resorts and all of the World Passport (RCI). The points you purchase on the resale market cannot be used towards purchasing Disney Cruises, Disney Hotels (that are not DVC resorts), Adventures by Disney and the Concierge Collection. Disney denotes these options as “incidental benefits” of Membership and reserves the right to discontinue them at any time regardless of how the membership is purchased. If your only DVC purchase is a resale contract purchased after April 4, 2016, you will not receive certain incidental benefits (also known as Membership Extras) such as Member discounts on dining, shopping, Member-exclusive events, and certain special Member offers. Effective January 19, 2019, only Members who purchase directly from Disney will be able to use their Vacation Points at the 14 existing Disney Vacation Club Resorts or future resorts-such as Disney’s Riviera Resort or Reflections-A Disney Lakeside Lodge. Resale contracts purchased for the existing 14 Disney Vacation Club Resorts will only be able to exchange Points into those 14 Resorts.
-Is it possible to rent points before purchasing?
Most people looking to buy DVC for the first time are trying to purchase before their next trip to Walt Disney World. This way, the membership can start paying for itself right away. This doesn’t always happen and some people want to give DVC a try before purchasing. We work with owners who wish to sell their entire ownership and our sister company works with owners who rent out their points for the year. On average, DVC points rent for $18 per point. Rent DVC
-Why do buyers choose Buy and Sell DVC, Inc.®?
The biggest reason people choose to purchase their points from Buy and Sell DVC, Inc.® versus directly from Disney Vacation Club is the savings. A buyer will often save as much as 40% by purchasing a resale. Another big reason people choose to purchase from us is that Buy and Sell DVC, Inc.® and DVC-Rental are owned by the same person, Scott Ferraioli. After you purchase if you ever need to rent out your points or rent additional points you will receive the same great service as when you purchased. There is also a Cruise Swap Program with DVC-Rental so if you wanted to go on a cruise we can assist with that as well. We want to be the full service companies you need when it comes to your Disney Vacation Club.