When your DVC offer gets accepted, you'll need to submit an earnest money deposit quickly to secure your contract. We've processed thousands of these deposits over the years, and the process is straightforward once you understand the requirements and timing. Getting your deposit in correctly and on time keeps your accepted offer valid and moves your DVC purchase forward without delays.
Deposit Deadline Requirements
Once a seller accepts your offer, you'll typically have 24 to 72 hours to get your deposit to us. The exact deadline depends on what's written in your purchase agreement and the specific circumstances of your transaction. We don't set arbitrary deadlines, but missing them can put your accepted offer at risk.
When we call to tell you your offer was accepted, we'll give you the exact date and time your deposit needs to arrive in our account. This isn't when you need to send it, but when we need to receive it. Wire transfers usually take one to two business days, so don't wait until the last minute to initiate the transfer.
Deposit Amounts
Most deposits range from $500 to $5,000, depending on your contract value. For average-sized contracts, we typically see deposits around $1,000. Higher-value purchases sometimes require larger deposits. Your specific deposit amount will be clearly stated in your offer documents.
The deposit amount serves two purposes: it shows you're serious about the purchase, and it provides some security for the seller. If you're competing against other offers, a larger deposit can sometimes strengthen your position, though standard amounts work fine for most transactions.
Payment Methods We Accept
Wire transfers are the fastest option and work best when you're working with a tight deadline. Cashier's checks are secure but require mailing time, which can be risky if your deadline is approaching. We can accept personal checks in some situations, but they need extra time to clear before we consider the funds received.
Your DVC Sales representative will help you choose the best payment method based on your timeline. We'll provide complete instructions including our banking details, addresses, and any reference information you need to include.
Wire Transfer Procedures
Most of our clients use wire transfers because they're fast and secure. When you're ready to send your wire, use only the instructions we provide directly. Don't rely on emailed instructions without calling us first to verify the details. Wire fraud is real, and we want to protect you.
Make sure to include your name and either the property address or listing reference number in the wire memo. This helps us credit your deposit correctly. Get a confirmation number from your bank and keep that documentation for your records.
Wire Transfer Security
- Always verify wire instructions by calling us directly using a phone number you know is correct
- Never send sensitive banking information through unsecured email
- Keep records of all wire confirmations and transaction details
Deposit Confirmation Process
Once we receive your deposit, we'll send you an email confirmation within one business day. We'll also update your transaction file to reflect the deposit receipt. If you don't hear from us within that timeframe, give us a call to make sure everything went through properly.
Keep copies of everything: wire confirmations, check images, our receipt acknowledgments. This documentation protects you and provides a clear record throughout your transaction. You'll want these records for your own files.
Escrow Account Protection
Every deposit we receive goes into a proper escrow account that's completely separate from our business operating funds. This isn't optional for us, it's required by Florida real estate law. The escrow protection ensures your money stays secure throughout the entire process.
Your funds remain in escrow until your transaction closes or terminates. If the deal goes through, the deposit gets applied to your purchase price. If it doesn't work out for legitimate reasons, you get your money back. The escrow system protects both you and the seller.
Escrow Account Benefits
- Your funds are held according to strict legal standards
- Money remains available for your transaction or return as appropriate
- Neutral third-party protection reduces risk for everyone involved
What Happens After Your Deposit
With your deposit confirmed, we submit your contract to Disney for their Right of First Refusal review. This is where Disney decides whether they want to purchase the contract themselves at your agreed price. Your deposit stays in escrow during ROFR and throughout the closing process.
We'll keep you updated on where things stand and let you know when we move into new phases. Your deposit demonstrates that you're committed to the purchase, which keeps your contract secure while everything processes.
Deposit Application at Closing
When your transaction closes successfully, your deposit automatically gets credited toward your purchase price. You'll see this on your closing statement as a reduction in what you owe at final payment. There's nothing you need to do to make this happen.
When Deposits Get Returned
If your transaction falls through for reasons that aren't your fault, you'll get your deposit back according to the terms in your contract. Disney exercising their Right of First Refusal is the most common reason for deposit returns in DVC transactions. Other situations follow whatever refund provisions are written into your specific agreement.
Deposit returns typically take five to ten business days once we confirm the transaction is terminated. We'll communicate the refund status and timing if it applies to your situation.
Questions About Your Deposit
We understand that sending a deposit can feel like a big step, especially when you're working with tight deadlines. Our team is here to answer any questions about the process, requirements, or timing. Don't hesitate to contact your DVC Sales representative if you need clarification on anything related to your deposit or DVC purchase process.
