21 Mar How Much are DVC Resale Closing Costs?
Disney Vacation Club is an exciting opportunity for those who love to vacation at Disney Destinations. Jumping in and committing to decades of magical trips is a dream come true for many. With an expense of this size, of course you’ll want to weigh your options when it comes to the amount of points you’ll need and choosing your Home Resort. It’s also helpful to be informed about more than the per point price but other costs that are part of the Disney Vacation Club Membership buying process. When it comes down to actually buying points you want to know all the details, especially those related to price. While resale DVC comes at a much better price than buying direct from Disney, there are still typical real estate related fees, like closing costs, on this timeshare opportunity. So how much are DVC resale closing costs? This blog post is meant to give you a vague idea based on figures available in early 2022. Please refer to your licensed real estate broker or title company for complete and accurate information based on your actual contract at the time of the sale.
How much are DVC resale closing costs?
Buyers pay closing costs that vary depending on where the property being purchased, or in this case the timeshare being purchased, is located. That means closing costs are different amounts based on what state your Home Resort is in. Another variable that determines how much closing costs are is the price of the contract itself. Some of the costs involved are fixed like the estoppel fee which is $150 but paid by the seller. Other costs are higher incrementally based on price, think a tier system, or higher directly based on price meaning the higher the price the higher that particular fee is. Since the states that Disney Vacation Club properties are located in have varying closing cost amounts, we will take a broad look at each individually. Also note that none of the following include fees that may be part of financed transactions.
How much are DVC resale closing costs in Florida?
With so many Disney Vacation Club Resorts at Walt Disney World, Florida is the most common location in regards to DVC resale closing costs. For easy comparison, we’ll consider the same number of points where possible for the different states. For a sale price of $20,000 in resale DVC points, closing costs in Florida would come in at about $678.
How much are DVC resale closing costs in South Carolina?
The Disney Vacation Club property Disney’s Hilton Head Island Resort is located in South Carolina. For a sale price of $20,000 in resale DVC points, closing costs in South Carolina would come in at about $729.
How much are DVC resale closing costs in California?
For a sale price of $20,000 in resale DVC points, closing costs in California would come in at about $689. California, South Carolina and Florida seem pretty close in comparison.
How much are DVC resale closing costs in Hawaii?
Aulani has the most expensive closing costs with Hawaii including some additional fees. Less are variable fees and more are fixed fees like an Escrow Fee of $300. Because it’s in Hawaii there’s also HARPTA that comes into play. HARPTA is also known as the Hawaii Real Property Tax Act and is applicable to non-residents. Consult your professional for actual figures but DVC resale closing costs in Hawaii can be over $1000.
DVC Resale Experts
DVC Resale Experts has a team of professionals dedicated to all things resale DVC. From closing costs to picking the right Home Resort and going over contract details the Experts are ready to answer your questions and provide helpful insight along the way. For more information on buying DVC resale or selling DVC membership, get in touch today!