How DVC Resale Maximizes Savings and Earnings in 2022
Understanding Disney Vacation Club (DVC)
The Disney Vacation Club (DVC) is a unique, points-based timeshare system that allows members to experience the magic of Disney in a flexible and cost-effective way. By purchasing points, members can book stays at any DVC resort, subject to availability. This system provides a level of flexibility that traditional timeshares do not, as it allows members to choose when and where they want to vacation, as well as the size of their accommodations.
The Home Resort Advantage
One of the key benefits of owning a DVC membership is the "home resort" advantage. When you purchase a DVC contract, you select a home resort where you have priority booking. This means you can book accommodations at your home resort up to 11 months in advance, compared to 7 months for other resorts. This advantage is particularly beneficial during peak travel times when availability can be limited.
Why Consider DVC Resale?
Purchasing a DVC resale contract can significantly reduce the cost of becoming a DVC member. Resale contracts are typically sold by current DVC members who are looking to sell their ownership. These contracts often come at a lower price than buying directly from Disney, making them an attractive option for budget-conscious buyers.
Cost Savings with Resale
One of the primary reasons buyers opt for resale is the potential for savings. Resale contracts can be substantially cheaper than purchasing directly from Disney. While the exact savings can vary depending on the resort and the contract specifics, buyers can often save thousands of dollars. This is because resale contracts are priced based on market demand rather than a fixed price set by Disney.
Understanding Resale Restrictions
It's important to note that purchasing a DVC contract through resale does come with some restrictions. Resale buyers do not have access to certain Disney perks, such as the Disney Collection, Adventures by Disney, and Disney Cruise Line options. However, for many buyers, the cost savings outweigh these limitations, especially if their primary goal is to enjoy the DVC resorts themselves.
The Resale Process
The process of purchasing a DVC resale contract typically takes between 30 to 60 days. This includes the Right of First Refusal (ROFR) period, during which Disney has the option to purchase the contract themselves at the agreed-upon price. If Disney waives their right, the sale can proceed with the buyer.
Steps in the Resale Process
- Find a Contract: Browse available resale listings to find a contract that meets your needs in terms of points, home resort, and price.
- Make an Offer: Submit an offer on the contract. Negotiations may occur until both parties agree on terms.
- ROFR: Once an agreement is reached, the contract is submitted to Disney for the ROFR process.
- Closing: If Disney waives their ROFR, the sale proceeds to closing, where final documents are signed and funds are transferred.
- Membership Transfer: After closing, the membership is transferred to the new owner, who can then begin booking vacations.
Annual Dues and Contract Expiration
When purchasing a DVC contract, it's essential to consider the annual dues, which vary by resort and are subject to periodic increases. These dues cover the maintenance and operation of the resorts. Additionally, each DVC contract has a specific expiration date, ranging from 2042 to 2077, depending on the resort. Understanding these factors can help you make an informed decision about which contract best suits your long-term vacation goals.
Maximizing Your DVC Experience
To make the most of your DVC membership, consider booking your vacations during less busy times to increase your chances of securing your desired accommodations. Additionally, staying informed about any changes to DVC policies or perks can help you maximize the value of your membership. By carefully planning and taking advantage of the home resort advantage, you can ensure that your DVC membership provides years of magical vacation experiences.
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