Purchasing a DVC membership (Disney Vacation Club) comes with many great benefits. When you decided to buy a Disney Vacation Club membership, you knew you’d enjoy using it often. You found a property you liked to visit on a regular basis, and you quickly began building points.
As wonderful as it is to be a part of the Disney Vacation Club, there sometimes comes a time when you’re no longer using it. Members might decide to sell a Disney Vacation Club membership for a variety of reasons. Moving to a different location or older age are just two reasons why someone might decide to sell.
If you’ve found yourself in a situation where you’d like to arrange a DVC resale, then know you’re not alone, and it’s possible. The process of selling your DVC membership requires you to understand all the legal terms associated with not only selling a property but handling a DVC contract as well.
Are you ready to find a buyer for your DVC membership? In the guide below, we’ll give you a few pointers on how to do just that. Continue reading to get started!
What’s Your DVC Membership Worth?
A great place to start when deciding to sell your membership is figuring out how much it’s worth. The market value of your membership will depend on a few different factors. Not all memberships are worth the same amount.
Here are a few factors to consider before determining its worth.
- the home resort on your membership
- the use year
- the number of points you have
- the current status of your points
There are a few other factors that’ll need to be considered as well to come up with an estimate. How can you take these factors and turn them into an estimated worth? You’ll need experience handling timeshare properties to do so.
Otherwise, it’s best to contact a licensed real estate professional who has specific experience handling timeshares or DVC memberships. They’ll be the best people to help give you an accurate current market value for your DVC. Know how much your DVC membership is worth before starting the selling process.
Search for a Resale Agency
Unless you have specific experience handling the selling and buying process of DVC memberships, you should find a reputable resale agency to help you. The agency will have a resale broker who can then help you sell your DVC membership. How will you know which agency is the right one for you?
For starters, it’s important to understand that not all resale agencies have experience with DVC memberships. Find one that specializes in these memberships. Then, continue your search by looking into the agency’s online customer reviews.
What are past clients saying about working with this agency? This will give you a good idea about what to expect from them yourself. Next, you want to make sure the agency has the proper license to perform these real estate transactions.
Ask to see proof of their license, check the expiration date, and search the license number online. You can also consider speaking with any friends or family members who have or had a DVC membership as well. Did they use a resale agency?
If so, which agency did they use and would they recommend them? Use these questions to help narrow down your search to find the best agency!
A resale agency will help find buyers for you and walk you through the entire process of selling your membership.
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Contact Disney to Buy It Back
An important part of the selling process is Disney’s Right of First Refusal. The Right of First Refusal is in every single DVC membership contract.
What is Disney’s Right of First Refusal?
This right allows Disney Vacation Club to purchase your membership with the same terms and conditions, which include all financial aspects, that are specified in your contract for sale. Basically, Disney would be buying the membership back from you. Before you can sell your membership to a buyer, it must first pass through the Right of First Refusal to give Disney the option of buying it before another buyer.
If Disney decides not to purchase your membership back, then you can continue the process of selling it to another buyer. You must carefully navigate through Disney’s paperwork to ensure the sale and transfer of your membership are done correctly. For this reason, working with a resale agency is beneficial.
They know how to submit the paperwork and ensure the process is completed correctly to prevent any costly mishaps.
Know All of the Facts
There are a few facts to keep in mind during the selling process. Although having an agent by your side will make the process much easier, it’s also important to have some general background knowledge about the process before stepping into it.
Once you decide on a listing price for your membership, your agent will then send you a listing agreement. There will be information fields for you to fill out and send back to the agent. The agent will then need to confirm your points with Disney.
They’ll then go over some final details with you before listing it. It can take around 30 days for an agent to find a buyer for you. Then, you’ll need to prepare to pay a fee for your agent and the fees charged by Disney at the time of closing.
Find Someone to Buy a Disney Vacation Club Membership Today
The decision to sell your DVC membership might have been difficult, but the process of selling it shouldn’t be. You can find someone to buy a Disney Vacation Club Membership today when you use all the helpful information listed in this guide above. Be sure to take your time and complete each step properly to ensure a legal and simple resale.
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