HOW DVC WORKS
HOW TO CREATE AN ACCOUNT AND SUBMIT AN OFFER
The first step is to create an account. We will need your basic contact information for you to submit or receive an offer. Sellers will have to add details pertaining to their membership. This information will help generate a contract when buyer and seller reach an agreement. Once a buyer places an offer, that seller will receive an instant message via email/text. Sellers may elect to accept or counter the offer. All costs associated with buying or selling are clearly represented in the offer.
This information will help generate a contract when buyer and seller reach an agreement. Once a buyer places an offer, that seller will receive an instant message via email/text. Sellers may elect to accept or counter the offer.
WHAT’S NEXT?
Once both parties have reached an agreement, they will be emailed with a link to review and sign the contract electronically. Once both parties have signed, we will forward the contract to Disney for Right of First Refusal. The buyer will make their escrow deposit by clicking on the DEPOSIT PAGE and will submit the money directly to our title company.
RIGHT OF FIRST REFUSAL (ROFR)
Once received, Disney has 30 days to review every contract sold on the resale market. If Disney decides to exercise their right to buy a contract, they will match all details of the original agreement and the seller will receive the exact same amount agreed to with the original buyer. In this case, the buyer will receive a refund of their escrow money from the title company and begin searching for a new contract.
THE CLOSING PROCESS
After Disney waives their right to buy a contract, the title company generates closing documents that are emailed to both parties. The seller will be required to have their documents signed in the presence of a notary.
Buyers may sign online and submit remaining funds via wire transfer unless they are financing. Once the title agent has received funds and sign documents, they will schedule the closing. Funds will be disbursed to the seller via wire transfer or overnight FedEx.
Create Account & Submit Offer
The first step is to create an account. We will need your basic contact information for you to submit or receive an offer. Sellers will have to add details pertaining to their membership.
Agreement & Contract
Once both parties have reached an agreement, they will be emailed with a link to review and sign the contract electronically.
Disney's ROFR
Disney reviews contract within 30 days for Right of First Refusal.
Closing Process
After Disney waives their right to buy a contract, the title company generates closing documents that are emailed to both parties. The seller will be required to have their documents signed in the presence of a notary.