If you’re thinking about buying or selling a Disney Vacation Club (DVC) membership, the resale market is a great place to start. It offers buyers the chance to join DVC at lower prices and gives sellers a way to recover some of their investment. But how does the resale process work?
This step-by-step guide will help you understand how to navigate the DVC resale process easily and with confidence.
Step 1: Decide to Buy or Sell
First, determine if you want to buy a DVC resale contract or sell one. Buyers can save money by purchasing resale contracts instead of buying directly from Disney. Sellers might choose to sell because their vacation habits have changed or they no longer need the membership.
Once you decide, you’re ready to begin the process with a licensed broker or through a DVC resale website.
Step 2: Choose a Reputable Broker
Working with a licensed broker who specializes in DVC sales can make the process easier. Brokers help both buyers and sellers with paperwork, pricing, and legal steps.
Look for brokers with good reviews and experience in DVC resales. They’ll list the contract for sellers and help buyers find listings that match their vacation goals and budget.
Step 3: Review or List a Contract
For buyers, once you find a contract you like, look at the details. Check the home resort, points per year, use year, available points, and price per point. Make sure it fits your travel needs and budget.
For sellers, you’ll need to provide information about your contract. This includes the home resort, number of points, use year, and current availability. The broker will use this to help set a fair market price.
Step 4: Make or Accept an Offer
For buyers, once you choose a contract, you’ll submit an offer. The seller may accept, reject, or counter your offer. Once both sides agree, the contract is signed.
For sellers, your broker will inform you of offers and help you decide whether to accept or negotiate. When a deal is reached, both parties sign a purchase agreement.
Step 5: Disney’s Right of First Refusal (ROFR)
After both parties sign the agreement, it’s sent to Disney for review. Disney has the Right of First Refusal (ROFR), which means they can buy the contract at the agreed price before the buyer does.
- If Disney waives ROFR, the sale moves forward
- If Disney exercises ROFR, it buys the contract itself
This step usually takes about 30 days.
Step 6: Close the Sale
If Disney waives ROFR, the deal goes to closing. A title company prepares the paperwork to legally transfer ownership. Buyers will sign documents and pay the remaining balance. Sellers will sign to release ownership.
This process usually takes 30-45 days. After closing, the buyer’s new DVC membership is set up with Disney.
Step 7: Start Using or Move On
Buyers: Once Disney processes your membership, you’ll get your DVC number and can begin making reservations. Welcome to the magic!
Sellers: After closing, you’ll receive your payment. At this point, your DVC ownership officially ends.
Make the Most of the DVC Resale Process
Whether you’re buying or selling, understanding the DVC resale process step by step can make the experience smooth and stress-free. With the right broker and a little patience, you can complete your DVC sales journey with confidence.
If you’re ready to begin, reach out to a trusted DVC resale specialist and take the next step today!
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