So, what do you do if you want to sell?
You have two options. The first one is to offer the contract to Disney to buy back. If they do decide to buy it back, you can be sure that you will be paid well below market value for your vacation points.
The second option and the one most people prefer to use is a resale broker. Resale brokers are licensed real estate agents (a requirement in order to sell or represent timeshares).
The process involved is very simple:
You contact a resale broker’s office and give them the specifics of your contract (home resort, use year, how many points you own, current status of your points, etc.).
With that information, the agent will advise you of what your contract would typically sell for based on the current market.
Once you’ve decided on a price to offer your membership for, the agent will send you a listing agreement via email. You would fill out the necessary information, then fax or scan the document and email it back to the broker.
Once received, the broker confirms the points with Disney and will also discuss final details with you regarding pricing. Once that’s completed, they will list your package.
Depending on the broker, it typically takes less than 30 days to find a buyer. Once a buyer is found, closing takes 6 to 8 weeks to complete. When the package closes, the title company will overnight a certified check to you for your proceeds of the sale (selling price, less any fees as well as commission for the broker, which is typically 8.5% of the sale price).
The cost of selling your contract is usually around 8.5% commission paid to the broker, as well as a $150 fee charged by Disney at the time of closing. If your contract does not sell, you usually will not have any fees or charges assessed.
Our site sponsor, The Timeshare Store, has been in the business of representing buyers and sellers of Disney Vacation Club for more than 25 years. They do not charge any upfront fees, and they handle all of the elements of the sale including finding a buyer, listing and advertising your contract, collecting all the documents required including the deposit for escrow. The Timeshare Store will also manage Disney’s Right of First Refusal process (Disney reserves the right to buy back the contract if they feel it’s in their best interest to do so).
You can reach The Timeshare Store online at http://www.dvcstore.com or by calling 1 (800) 550-6493.