DVC SALES LEARNING CENTER
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Thank you for visiting our DVC Sales Learning Center. The purpose of this page is to answer many of the questions you may have when considering purchasing a DVC Resale. From our list of available inventory to financing and dues, there is a great deal of information at your fingertips.
Once you are ready to make an offer, you will need to Create an Account. This information is required if your offer is accepted and a contract generated.
We are often available to chat online or you may contact us at 844-382-7253 for any additional questions.
FREQUENTLY ASKED QUESTIONS FOR NEW MEMBERS
- id="faq_tab" href="#AllQuestions" aria-controls="AllQuestions" role="tab" data-toggle="tab">All Questions
Typically, closing costs average between $500-$700, based on the purchase price and if you are financing. This is a fee charged by the title company. Included in this fee is a title search, title insurance, and all of the document preparation and recording fees with the county where your property is based. Closing costs will differ from state to state. Florida, California, South Carolina and Hawaii all have different laws, and we take care of the necessary paperwork and fees that pertain to these counties. Our associates will give you a more exact amount based on which contract you are looking to purchase.
The purpose of DVC’s “right of first refusal” (ROFR) is to control the value of their property so that it remains in step with current values. When there is an accepted offer and a signed contract with a good faith deposit in escrow with a licensed and bonded title company, we immediately forward all contracts to the DVC Review Board. The criteria DVC uses for ROFR is not public information but one important factor for exercising (stepping in as buyer) the ROFR would be if DVC feels the selling price, including who pays closing costs and maintenance and taxes is below the target price they have established. If DVC exercises their Right of First Refusal (ROFR) and steps in as the Buyer, your deposit will be refunded in full, or we’ll continue to work to find another membership for you.
You will receive the same great service as any other Disney Vacation Club Member! You’ll have access to member services, and to all the DVC Resorts and all of the Worldpassport Collection Resorts (RCI). The only difference is that the points you purchase on the resale market cannot be used towards purchasing Disney Cruises, Disney Hotels (that are not DVC villas), Adventures by Disney and the Concierge Collection. These options typically are not a great use of points, and many people who are thinking of vacationing in this way may elect to rent out their points and use the cash to pay for their trip. Also note that Disney Vacation Club 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.
Once the sale has closed, it takes about 7-14 days for Disney to complete the transfer of ownership. At that time, they will send you a welcome letter (via snail mail) 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.
Once the Disney Vacation Club contract has been properly signed and the deposit received, closing typically takes place within 45-50 days. Please consult with one of our agents for a better time frame for your particular contract. Similar to most real estate closings, our Title company handles all money that changes hands between buyer and seller. The entire closing process is handled via email and FedEx overnight delivery.
The “Use Year” refers to the 12 month period starting on the first day of the “Use Year” you own. If you own a December use year, DVC will deposit your allotted points into your account on December 1st of each year. If you usually vacation around the same time each year, you may want to purchase an ownership where the use month precedes the vacation time by no more than 10 months (this gives you time to bank points if you cancel your vacation). If you are flexible with your vacationing, “use year” is less important.
Each Disney Vacation Club property has a different point chart, and taking a look at these charts will help you determine what your family needs. Please refer to the point charts and plan a typical vacation that your family would take. Don’t forget to take into consideration the time of year, typical accommodation size, and how many times a year you would like to vacation. This will give you the number of points your family will typically need. Also, if you’re planning a bigger trip one year, Disney offers the flexibility to bank or borrow some or all of your points from one year to the next. In my 22 years working as a Disney Vacation Club Guide, over 40% of my Members have called me to add more points to their Membership. And here’s a little secret….if you eliminate one of the weekend nights from your stay, you will use far fewer points. Many people like to do a Sunday-Saturday stay. Take a look at the point charts on our website or use our DVC Point Calculator.
The number of points needed to stay at a DVC resort is based upon the size of the room, the time of year, and the resort where you choose to stay. Points can be saved, (or “banked”) for use the following year. Points can also be borrowed from the upcoming year for use in the current year. Maximum use is 3 years worth of points at one time (by combining banked, current, and borrowed points). This is just another example of how DVC offers flexibility for its Members!
When you purchase a DVC resale, all dues will be current at closing. DVC bills all owners in December for the next year’s dues. These dues are to be paid by February, regardless of the use year (the month Disney puts the points into your account). You can pay annually by credit card, or check. You also have the option to pay monthly, by setting up an automatic checking account deduction plan with DVC, 12 months interest free.
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. It’s that easy!
When buying a resale, you may purchase as few as 25 points.
A “Home Resort” is the Resort in which a Member owns a real estate interest. The main advantage to owning at one Resort over another, is that members receive a priority when booking a stay at their Home Resort. Members may call as much as 11 months ahead at their Home Resort. For other DVC Resorts, you may call no more than 7 months in advance. A Member’s Home Resort also determines the amount of annual dues paid each year.
When a reservation is cancelled within 1 and 30 days prior to check-in, Disney will put these points in a “holding” account. Holding points are still the property of the member, but they can only be used to book a trip within 60 days’ notice or less. Holding points may not be banked, and will expire at the end of the current Use Year.
The Disney Vacation Club (DVC) is a wholly owned subsidiary of the Walt Disney Company. It is a point based system, which allows for far greater flexibility when planning a vacation than a fixed week timeshare ownership. You can stay for as little as 1 night, or as many nights as you like, based on the size of your membership. DVC is the only timeshare located right on Disney property- putting you in the center of the action! There are many benefits to Membership at a Disney Vacation Club Resort.
The biggest difference in purchasing a resale from DVC Sales versus buying directly from the Disney Vacation Club is the price! A buyer will often save as much as 40% by purchasing a resale. There are some differences, however, in how your membership works. Disney Vacation Club is doing a second iteration of DVC resale restrictions on “incidental benefits”, which became effective April 4, 2016. To summarize, this change in incidental benefits states, “new purchasers of Disney Vacation Club® ownership interests not purchased directly from Disney Vacation Development, Inc. will not have access to Membership Extras, including Member discounts on dining, shopping, Member-exclusive events, and certain special Membership offers, as well as Disney and Concierge Collection options, already restricted for secondary market purchasers as of March 21, 2011.” In addition, core Disney Vacation Club Membership privileges such as Home Resort Priority and use of other Disney Vacation Club Resorts will remain unchanged. All Disney Vacation Club Members will still be able to book stays through RCI and Buena Vista Trading Company. The main differences between the two avenues of purchasing include the expanded resort options available on the resale market (DVC resorts that are sold out at Disney are often available through the DVC resale market), and the per point price savings. Disney will continue to treat every owner equally, as a valued guest. You will receive your new owner’s package directly from Disney after your purchase has closed.
Disney initially handed down some resale restrictions in March of 2011. The members buying a resale after this date are prevented from using those points to book Disney Hotels (outside of the DVC Resorts), Disney Cruise Line, Adventures by Disney and the Concierge Collection. For the majority of our Members, these restrictions were not significant as the points needed for those vacations didn’t have nearly the same value as using points for Disney Vacation Club Resorts (the reason most members join the Club!). Additionally, some Members may choose to rent their points and take those proceeds to pay for those types of vacations. Also, those restricted options were and still are considered “incidental benefits”, which can be changed or taken away at any time regardless of how the Membership is purchased. Disney Vacation Club should be purchased for the core of what you are buying as that is what is guaranteed.
The core of the Membership includes the Disney Vacation Club network of resorts, and that is where the Membership is intended to save you money. For example, let’s say that a family was considering purchasing 200 points at Disney’s Bay Lake Tower Resort. To purchase that membership directly from Disney, you can expect to pay $38,200. Currently, the average listing price for a 200 point membership on the secondary market is $29,000. That’s a $9,200 savings!
|Resort||2015||2016||2017||2018||2019||2020||EXPIRATION YEAR||YEAR'S LEFT|
|Bay Lake Tower||5.05||5.28||5.62||5.92||6.39||2060||40|
|Old Key West||5.84||6.01||6.41||6.72||7.22||2042||22|
|Old Key West(57)||5.84||6.01||6.41||6.72||7.22||2057||37|
HOW MANY YEARS REMAIN FOR EACH RESORT?
Years Remaining on DVC Contracts
Disney Vacation Club
What is the Disney Vacation Club
The Disney Vacation Club (DVC) is a vacation model which uses a point system based on a real estate interest. It’s similar to a timeshare, in that when you purchase a membership you own an interest in a Disney Vacation Club Resort. The interest you hold then generates an annual allotment of points based on the size of the interest purchased. The time of year that you receive your points is called the Use Year. This yearly time frame is not to be confused with the calendar year.
The points you earn each “Use Year” are what you spend to take a vacation. Mant variable determines point values, including:
Choice of the resort: Each resort has a value based upon its location, resort type, and the amenities offered.
Size of accommodations: A deluxe studio will cost fewer points than a three bedroom Grand Villa.
Length of stay: Needless to say, the longer you stay, the more points it will cost your family.
Time of year: Each destination will cost more points in the high season as compared to offseason.
Understanding how the points work
One of the biggest perks of owning a Membership with the Disney Vacation Club is the flexibility of the point system. Points earned this year can be banked and added to next year’s points, giving you a more substantial sum to spend for a greater vacation experience. Alternatively, points from next year can be borrowed against and added to your current balance- enabling you to increase the value of your Disney experience in the current Use Year. Another way to increase point earnings is to purchase an additional interest in a DVC Resort.
Overall, points are the vehicle through which you use your membership. You pay a one-time purchase price, and with that, you will receive an annual allotment of points for a predetermined number of years. That predetermined number of years depends upon the Home Resort you choose to purchase. The points that you earn are the currency that pays for your vacation. In essence, it’s similar to a cell phone plan. You buy minutes, and use those minutes as currency for your phone use. Those minutes can then be rolled over with a cellular phone plan. The concept is similar except, points can be carried over for a maximum of two years only. Instead of having to pay with a credit card at the front desk, you use the points you’ve earned through your membership.
Using your points
A point chart is available to provide the point values of each of the resorts at different times of the year. During peak season, you’ll notice the point value increases. Whereas during the slower off-season you’ll see that the value of points decreases. Disney does this to ensure an even demand for vacation time, keeping DVC Resorts comfortably booked year round. The point charts will enable you to choose the best time of year for your family to travel. It will also show you the differences you can expect when staying in different size accommodations during peak or off-season.
Points are Inflation Proof
One of the most significant advantages of a Disney Vacation Club Membership over conventional travel is that the points will never decrease in value. There will never be a cost increase. The point charts do adjust each year based on seasonal demand, and as the calendar changes, but the overall value of your points are inflation-proof. So, if the vacation points increase by 6 points in a particular week of the year, then 6 points will be subtracted from someplace else on the chart that year. That is a DVC guarantee!
DISNEY RETAIL PRICES
|RESORT NAME||RETAIL 2017||RETAIL 2018||RETAIL 2019||EXPIRATION YEAR||YEARS LEFT||ANNUAL DUES|
|Animal Kingdom||$165||$171||$176||2057||37||$ 7.43|
|Bay Lake Tower||$185||$191||$225||2060||40||$ 6.39|
|Beach Club||$165||$185||$225||2042||22||$ 6.94|
|Boulder Ridge||$165||$171||$176||2042||22||$ 7.32|
|Copper Creek||$176||$182||$188||2068||48||$ 7.42|
|Grand CA||$185||$235||$260||2060||40||$ 6.26|
|Grand Floridian||$185||$220||$245||2064||44||$ 6.38|
|Hilton Head||$115||$121||$125||2042||22||$ 8.56|
|Old Key West||$145||$151||$156||2042||22||$ 7.22|
|Old Key West(57)||$145||$151||$156||2057||37||$ 7.22|
|Saratoga Springs||$145||$151||$160||2054||34||$ 6.40|
|Test Resort||$115||$121||$125||2042||22||$ 8.56|
|Vero Beach||$115||$100||$110||2042||22||$ 9.47|
DVC SALES FINANCING
One of the benefits of buying DVC through resale is the flexibility of financing options. The most popular form of financing on the resale market is a small home equity loan or signature loan with your local bank. Vacation Club Loans and Monera Financial (Florida DVC properties) and Timeshare Lending (non-Florida DVC properties) offer competitive financing plans for DVC purchases. We recommend that you review their loan offerings if you are considering financing. You may also contact the below lenders of funds for timeshares. They are independent companies so you will need to contact them for the most current rates and terms. Additional information and site links are listed below:
|DVC Resorts||All DVC Resorts||All Florida DVC Resorts||All Non-Florida DVC Resorts|
|Down-Payment Required||20%||5% to 30%
(Dependent of Contract)
|10% to 30%
(Dependent of Contract)
|Loan Term||1 to 5 Years||1 to 10 Years||1 to 10 Years|
|Interest Rate||9.75% to 13.9%
Based on credit score
|9.9% to 14.9%
Down payment and term
|9.9% to 13.9%
Down payment and term
|Credit check||Yes||No||Loan amount over $15,000|
|Service Fee||No||No||$5 per month|
|Loan Origination Fee||$179.00||$199.00||$139.00|
|Phone Number||(800) 334-2334||(317) 245-8800||(760) 799-5177|
|Contact Person||Debbie Ely||Sam Comstock||Barbara Noujaim|
VACATION POINT CALCULATOR
|Boardwalk||BC||BRWL||BLT||Grand FL||Poly||Animal Kingdom||Saratoga||Old Key West|
|Boardwalk||BC||BRWL||BLT||Grand FL||Poly||Animal Kingdom||Saratoga||Old Key West||VB||HH||Grand CA||Aulani|
< Swipe to see the list >
How to use the Vacation Point Calculator
This is our Vacation Point Calculator. The purpose of this tool is assist buyers as they determine the right size membership for their family.
There are Point Charts for each of the 14 Resorts, and the points per night will vary, depending on several factors. A two bedroom villa will naturally require more points per night than a deluxe studio. Do you typically travel during peak or off season? The number of points for each of the Disney Vacation Club Resorts will appear as you input the different dates and room sizes.
As always, please let us know if you have any questions. We look forward to assisting you in any way we can!
ANNUAL DUES HISTORICAL
|Old Key West||Vero Beach||Hilton Head Island||Boardwalk||Wilderness Lodge||Beach Club||Saratoga Springs||Animal Kingdom||Bay Lake Towers||Grand CA||Aulani||Grand FL||Poly||WL:Copper Creek|
- Less than 2% Increase
- 2% to 3% Increase
- 3% to 4% Increase
- 4% to 5% Increase
- Over 5% Increase
MY SPECIAL REQUEST
You have successfully added a Special Request for:
|RESORT NAME||USE YEAR||NUMBER OF POINTS||PRICE RANGE|
You can review or edit your request once logged in on your My Special Request tab.
WHY DVC SALES?
We are former Disney Vacation Club sales guides, with over 25 years of experience selling directly for the Walt Disney Company. We have assisted thousands of families over the years and would love to help you, too!
Some buyers find a purchase of this size (online) to be a bit intimidating. It’s important to us that you feel comfortable with the entire process. We will assist you from searching for the right membership for your family and placing an offer, through right of first refusal (ROFR) and closing. We work closely with our Title company who handles all of the closing documents as well as any money that changes hands.
To read what other clients have to say about us simply click on our Testimonials here. We look forward to working with you!
RENT DVC POINTS
Many sites offers both options i.e. to rent DVC points as well as to buy them. This is usually done under the guise that it gives you the chance to ‘test drive’ membership before committing to a full purchase. We feel this is NOT a good idea, and here’s is a good reason for that-
- First, you’ll be paying for something that has no lasting value. Once a rented point is used it’s gone. Why not use that cash for an actual purchase?
- By renting, you’ll be placing your trust in the actual owner of the points. If they fail to maintain their membership, either by not keeping up with their maintenance fees or if they fall delinquent, then those points are worthless, leaving you out of money as well as out of luck. This means there is a chance the reservation could be cancelled for non-payment of dues, late payments, or even foreclosure.
- Next, the risk is minimal if you choose to purchase a DVC Membership on the secondary market. The person who pays full price (from the Disney Vacation Club) and then decides to sell, will have to sell at a reduced price, thus losing money. If, however, you purchase on the secondary market, the risk is greatly reduced.
- Finally, there are tax implications. If you rent DVC points from a Member, expect to receive a form from a rental company asking for your social security number.
All things considered, it makes far more sense to purchase a Membership, as opposed to renting points. This way, you and your family can start enjoying the privileges of membership immediately. We hope you’ll trust DVC Sales to assist you with your purchase!
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