Members sell DVC points for all kinds of reasons. It could be that vacation interests have changed and you just want out. In contrast, members may decide to sell Disney points in order to buy a new DVC contract at a different home resort. Whatever the case may be, DVC Resale Experts looks forward to assisting you through selling DVC timeshare. You can expect helpful insight when you need it throughout the resale DVC process. Our team member Nate put together a checklist that each client selling DVC points receives. This checklist is based on the following timeline. There are different points that may affect how long it takes to sell a DVC contract. These checkpoints help you prepare ahead of time. You can also consult the checkpoints to know where you are in the process along the way. So how long does it take to sell DVC?
The general answer for selling DVC is 10 to 12 weeks. A more accurate answer varies depending on each individual contract. Contracts sell faster if there is a buyer with immediate interest. How long it takes Disney to decide if they will exercise their ROFR privilege or not is another variable factor. This timeline is a great starting point. It spells out what you need to do and prepare as a seller. You can also look for when DVC Resale Experts will be able to provide the most helpful insight in this timeline.
How long does it take to sell DVC on the resale market?
Selling DVC: Day 1
When you’re ready to sell DVC membership, the first step is to sign a listing agreement. At this point you will already have connected with DVC Resale Experts about the value of your contract,
Next you’ll need to send a Point Activity Summary to DVC Resale Experts. If at any time during your resale DVC process your available points change, please ensure your Expert knows. Provide an updated Point Activity Summary to keep things moving along smoothly.
Selling DVC: Week 3-7 (Estimated)
Around this time, most can anticipate receiving buyer offers, placing a counter offer, declining an offer and/or accepting an offer. This is a great time in the process to consult your Expert. They will often have insights to assist you regarding offers, negotiating and numbers.
When you accept an offer you’ll confirm details of the sale with your Expert. An important step to note in this part of the process is that it’s necessary to provide your Expert with the current contact information, specifically the current physical address(es), of all Members on the deed. It’s also important to inform your Expert whether everyone on your membership can or cannot sign together, so they can let Disney and the title company know.
After accepting your offer, you’ll first carefully read and then sign the Purchase Agreement at your earliest convenience.
Selling DVC: Week 9-11 (Estimated)
Disney Vacation Club contracts state that Disney has the Right of First Refusal (ROFR). This means Disney has the first chance to buy resale DVC points back. After you’ve accepted an offer from a buyer, Disney can say they would like to buy the membership at that price instead of the proposed buyer.
As soon as you and the buyer(s) sign, DVC Resale Experts sends the Purchase Agreement to Disney for the Right of First Refusal review. This process could take 3 to 5 weeks. ROFR is just part of the process for anyone who wants to sell dvc contract(s). You can learn more about it here in our ROFR DVC 2022 Annual Stats.
Then, title company information will be provided to you by DVC Resale Experts.
Since the sale involves legal documents, you will want to identify a notary. You will need to have certain documents notarized after the Right of First Refusal process is complete. The requirements may vary by the state in which each Disney Vacation Club contract being sold is located.
Aulani resale DVC contracts have two additional things to consider. A title company contact will be provided to you to discuss required tax documentation with the state of Hawaii. Also, if desired, a HARPTA (Hawaii Real Property Tax Act) specialist can be chosen and contacted. We can provide recommendations for this.
The DVC ROFR Decision Has Been Made
This can go one of two ways and we’ll outline both outcomes here.
In the event Disney exercises the Right of First Refusal and chooses to buy back your contract, Disney will take over the closing process.
At this point you’ll need to ensure your Expert has all Members’ updated contact information, and that it matches what Disney Vacation Club Member Services has. You can expect to receive the closing document packet from Disney about 1 to 2 weeks prior to your estimated closing date to sell DVC timeshare.
The other scenario is that Disney waives the Right of First Refusal and the identified buyer proceeds to buy the contract. In this case, the title company will continue the closing process. Typically, you will receive closing documents within 10 to 14 days of Disney sharing their Right of First Refusal decision.
At this point, a notary appointment should be set, and 2 witnesses ready, as soon as possible. Witnesses should not be related to you but sometimes the notary can act as a witness. Please be sure to confirm with the notary in advance.
DVC Resale Closing Process – Week 10-12 (Estimated)
Closing documents will be sent to you by Disney or the title company, depending on the Right of First Refusal status. Wiring/disbursement instructions will be included in the closing documents sent by the title company or Disney, also depending on ROFR status, if applicable. Closing documents then need to be completed. Please take your time and be careful and thorough. This can expedite or slow down the closing process.
Your Disney Vacation Club Membership Sale is Finalized!
You’ll receive a confirmation email regarding the finalized sale. A wire, or check, will be sent to you from the title company or Disney. This depends on the ROFR status. Once Disney receives the confirmation of the finalized sale, they will begin the process of closing your contract. This includes stopping any recurring payments. Please do not turn off payments until they have done so for you. Disney will reimburse any potential overpayment you’ve made once they finish closing your contract.
How long does it take to sell DVC in a buyer’s market?
Is it still possible to sell in a buyer’s market? You can sell DVC in a buyer’s market more easily if the contract is the right price. How long it takes to sell can sometimes depend on the asking price alone. There may be other factors out of your control, like many contracts similar to yours are already available.
The year 2023 is off to an interesting start for the DVC resale market. The company is not buying back contracts in the Disney ROFR DVC part of the selling process as of early June. That’s probably one of a few reasons DVC resale prices have gone down. Buyers are able to be more bold with their offers knowing DVC hasn’t bought back in months.
So is it a good time to sell DVC? Only you will know when it’s the right time to sell your membership. When you’re trying to make a big decision, sometimes you need additional input. If you can’t decide on timing to sell your DVC points, talking to an Expert about different potential scenarios can help give you insight. You can talk to one of your professionals with no commitment to sell DVC.
Want to learn more about selling DVC?
The DVC Resale Experts blog is a resource with continual updates. Whether you’re buying or selling, we’ve got what you need to know. If you’re casually perusing to learn more about selling a DVC contract, here are some other places to start. How do I sell DVC points? This covers some more basics.
Then there’s always the question of how much you can make. How much are DVC points selling for? This can help you research what you might be able to make as of May 2023. It’s always helpful to look at our DVC resale listings to see current prices and what contracts have recently sold for.
DVC Resale Experts Can Help You Sell DVC
Wanting more? DVC Resale Experts has even more information in this How to Sell DVC Resale Guide. This includes some additional details and where to start with selling DVC resale.
You can count on our team of professionals who are former Disney Vacation Club Guides. DVC Resale Experts knows how to sell DVC points and provide pixie dusted service throughout the process. Selling DVC membership doesn’t have to be overwhelming. If you know it’s the right choice for you or even if you’re just curious about the value of your contract, take the next step. If you have specific questions about how to sell DVC membership, get in touch today for personalized answers and insight.
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