What’s Left to Complete for DVC Resale?

The DVC resale process involves multiple steps that must be completed in sequence for a successful transaction. Knowing where you stand in the process and what tasks remain helps you stay on track and avoid delays. DVC Sales provides a dashboard that tracks your transaction progress and shows exactly what still needs to be completed.

Understanding the DVC Resale Timeline

A typical DVC resale transaction takes 60 to 90 days from accepted offer to completed closing. This timeline includes several distinct phases: offer acceptance, purchase agreement signing, Disney Right of First Refusal review, title work, final document signing, and deed recording. Each phase has specific requirements that must be completed before moving to the next.

Your DVC Sales dashboard shows your current phase and any pending tasks requiring your attention. Completing tasks promptly keeps your transaction moving forward and helps ensure timely closing. Delays in responding to requests can extend your overall timeline significantly.

Common Pending Tasks for Buyers

DVC buyers typically need to complete several tasks during the resale process. After your offer is accepted, you will need to sign the purchase agreement and pay the initial deposit. The deposit is typically held in escrow by the title company until closing.

During the ROFR period, no buyer action is usually required while Disney reviews the transaction. After ROFR passes, the title company will send closing documents for your signature. You will also need to arrange payment of the balance due, typically through wire transfer or certified funds.

Additional tasks may include providing identification documents, completing buyer questionnaires for the title company, and responding to any questions that arise during title research. Your dashboard will display these tasks as they become applicable.

Tips for Buyers

• Ensure all documents are signed and returned promptly to avoid delays.
• Keep communication lines open with your title company and DVC Sales representative.
• Familiarize yourself with the DVC points system to maximize your membership benefits once the transaction is complete.

Common Pending Tasks for Sellers

DVC sellers have their own set of tasks throughout the transaction. After accepting an offer, you must sign the purchase agreement confirming the sale terms. You may need to provide documentation about your contract, including your deed copy and point balance information.

The title company will send closing documents requiring your signature to transfer the deed to the buyer. These documents must be properly notarized and returned promptly. Any outstanding dues or assessments owed to Disney must be addressed before closing can complete.

If you have an existing loan on your DVC contract, the title company will coordinate payoff with your lender. You may need to provide authorization for the title company to communicate with your lender about the balance due.

Considerations for Sellers

• Verify all information on your contract and deed is accurate to prevent complications.
• Communicate any special conditions or points usage to the buyer early in the process.
• Plan for any financial implications, such as taxes, resulting from the sale.

ROFR Status and Timing

Disney Right of First Refusal is a critical phase that typically takes approximately 30 days. During this period, Disney reviews the transaction and decides whether to exercise their right to purchase the contract at the agreed price. Your dashboard shows when ROFR was submitted and the expected decision timeframe.

While ROFR is pending, there is little for either party to do except wait. Disney does not provide status updates during their review. Once Disney waives ROFR, your dashboard will update and the transaction moves to the closing phase.

Title Work and Closing Preparation

After ROFR passes, the title company prepares closing documents and conducts title research. This process typically takes two to three weeks. The title company verifies deed ownership, checks for any liens or encumbrances, and prepares the new deed transferring ownership to the buyer.

Your dashboard shows when closing documents have been sent and tracks their return. Both buyer and seller must sign and return documents before the transaction can close. Prompt return of signed documents keeps the closing on schedule.

Final Steps to Completion

Once all documents are signed and funds are collected, the title company records the new deed with the appropriate county office. Recording typically takes a few days to process. After recording, the title company notifies Disney of the ownership change, and Disney updates their membership records.

The buyer becomes the official owner when the deed is recorded. Disney membership transfer typically takes an additional one to two weeks after recording. Your dashboard will show completion status for each of these final steps.

Post-Closing Considerations

• Buyers should confirm their membership details and access to DVC resources.
• Sellers should ensure all financial obligations related to the sale have been addressed.
• Both parties should review the final documentation for accuracy.

Using Your DVC Sales Dashboard

Log into your DVC Sales account to access your transaction dashboard. The dashboard displays all pending tasks, completed steps, and current status for your DVC resale. You will receive notifications when new tasks require your attention or when significant milestones are reached.

If you have questions about pending tasks or your transaction status, contact DVC Sales support. Our team can explain any tasks you do not understand and help resolve issues that may be causing delays. We work with you and the title company to ensure your transaction completes successfully.