How to Buy DVC: Your Step-By-Step Guide

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Did you know that there are more than 220,000 family members that have chosen to buy DVC over the years? The Disney Vacation Club is a popular investment for people that love visiting Disney parks across the globe. They guarantee that you’ll get to enjoy a memorable vacation at Disney resorts every year.

Buying DVC resale makes a ton of sense for many families, but it is important to understand the perks of buying DVC direct and how to buy DVC points to make the most of your Disney vacation. As with any purchase, there are certain steps that you’ll need to go through in order to complete the transaction.

The good news is that you’re in the right place for a helpful guide that will make the buying process a simple affair. Continue reading this article to learn more.

Find the Right Package to Buy DVC

The first step to take when you’re sure that you want to buy DVC is to pick out the right package for you and your family. This means looking at the different resort options and the benefits that each brings to the table. From there, you’ll have the choice of buying the DVC package at the resale asking price or trying to negotiate for a more favorable price.

If you don’t want to pay the listed price to the person trying to sell DVC¬†then you can submit an offer and see if they’ll accept it. If they want more money in exchange for their DVC package then you should enter into negotiations. At this point, the seller will either accept or decline your offer.

When you come to an agreement on the price of the DVC package that you want, it will get marked as “Sale Pending”.

Review the Contracts

The next step in the process for buying DVC resale is reviewing the contracts for purchasing the DVC package. The contracts will contain all of the terms of the agreement like the deed information and the final purchase price. You’ll also see how many DVC points come with your DVC package.

Copies of these contracts will get sent to you as well as to the seller. It is on you to read through these contracts and make sure that you understand what you’re agreeing to. It is vital for the purchasing process that all of the details it contains are accurate.

After you’ve gone through the contract and are ready to move forward you should go ahead and sign the contract. You shouldn’t need a witness or notary for signing this contract. You’ll need to put down a deposit for the purchase, which is usually around 10 percent of the total price.

The Disney Right of First Refusal

Once you’ve signed the contract and paid the deposit the process gets handed off directly to Disney. It will take up to a month for Disney to process the transaction and get back to you about its status. This process means that Disney can purchase the DVC property rather than letting you purchase it if they want to.

If Disney ends up deciding to purchase the DVC package rather than letting you purchase it then you’ll get your deposit back. There is no risk involved for you other than the lost opportunity of getting the DVC package that you wanted for you and your family. 

If this happens, you’ll have to start over from the beginning of the process and try to find another great DVC package to purchase. No matter what Disney decides to do, you’ll get informed of their decision.

Closing Documents

After the sale gets approved you’ll need to start taking care of the closing documents for the purchase. This part of the process takes anywhere from two weeks to a month. After the title company gets the title documents put together you’ll receive a copy that you’ll need to fill out and sign.

Complete the Sale

There will be instructions that come with the closing documents that you’ll receive from the title company. Read these instructions carefully and make sure you understand what they mean. You’ll need to sign and return some of these documents in order to complete the transaction.

You might need the help of a notary to sign these closing documents depending on the laws of your state. Once the closing documents are good to go you’ll need to get a certified check written up for the amount that you owe. This will get sent back to the title company along with the closing documents.

Start Booking Your Memorable DVC Vacations

Once the sale gets completed, there is nothing holding you back from scheduling the Disney vacations that you’ve dreamed of sharing with your family. After the transaction gets closed, Disney will put together your membership information and send it your way. This will include your DVC member account and the DVC points that you have to work with.

This part of the process typically takes around two or three weeks for Disney to put together everything and get you your membership information. Disney will send you a letter with all of your information once they get their part of the process wrapped up and taken care of.

Once you receive your membership card you’ll be in the clear to start calling Disney to book your next vacation. You can also book your vacations using your DVC points online depending on your preference. This is the part where you get excited to create some magical memories with your family in the near future.

Start the Process to Buy DVC Today

It is never a bad time nor a bad idea to buy DVC for your family’s vacation adventures. You’ll have a guaranteed vacation spot each year where you’ll make memories that will never fade with the people that mean the most to you. It is important to know the process involved with buying DVC resale so that you’re not caught off guard.

For more helpful and insightful articles on a range of topics, check out more of our blog posts.

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