It might come as a surprise just how much you can save buying Disney Vacation Club resale instead of buying from Disney directly. Even with those savings, there are finance related questions you’ll want answers to like, ‘does the buyer or seller pay DVC resale closing costs?’
Does the Buyer or Seller Pay DVC Resale Closing Costs?
The buyer typically pays the closing costs and dues on any available points for the current year. However, closing costs and dues are negotiable. Similar to traditional real estate, there are ways to negotiate and make the sale work for both the buyer and seller.
Sellers pay commission on the sale, which was 8.5% at the time this post was written, and Disney’s $150 estoppel fee.
Disney Vacation Club closing costs are usually between $500 and $1000 depending how many Points you’re buying and what state the Home Resort is located in. Different states have different rates for related expenses and some states have different fees altogether. The four states with Disney Vacation Club Resorts are Florida, South Carolina, Hawaii and California though most are located near Orlando, Florida at Walt Disney World Resort. As of April 2022, the Disney Vacation Club cost calculator shows closing costs to be $668.96 for 175 Points at The Villas at Disney’s Grand Floridian Resort & Spa when purchased direct.
What does the buyer pay at closing for resale DVC?
If the buyer is paying cash, the total amount due at closing is typically the purchase amount and closing costs, if they are paying the closing costs. Depending on the time of year, Disney requires the annual dues to be paid, so that would be paid at closing as well. For a number example, The Villas at Disney’s Grand Floridian Resort & Spa are $7.01 per point for annual dues. Going by the aforementioned 175 points, that cost be $1226.75 total for annual dues.
If the buyer is financing, they would pay their standard 10% to 20% down payment, closing costs, and potentially the dues.
DVC Resale vs Direct Pricing
Aside from other costs, let’s compare what makes up the big chunk of the Disney Vacation Club price which is the points. For continuity, let’s compare DVC resale vs direct pricing on 175 points at a few different resorts. If you’re still deciding on your Home Resort, there are properties with much lower per point values on the resale market like Disney’s Old Key West Resort for around $125 per point when Disney sells it for $200. For 175 points that’s a savings of $13,125 if you buy resale. Disney’s Saratoga Springs Resort & Spa has about the same amount of savings. Even Disney’s Polynesian Villas and Bungalows have incredible savings at around $171 per point on the resale market compared to $250 when bought from Disney directly. That’s an approximate savings of $13,825.
DVC Resale Experts Can Help Make Your Vacation Dreams Come True
DVC Resale Experts is a licensed real estate broker with a team of professionals that are passionate about resale DVC. Consider the Experts your trusted resource whether you’re adding on points, becoming a Member through buying resale or selling DVC points. It makes a difference when you can contact a professional and have your questions answered. As licensed real estate agents and former Disney Vacation Club Guides, DVC Resale Experts can guide you through the process, answering all of your questions along the way. See our resale DVC listings for what’s available right now and a look at current pricing.