Disney World Vacation Club Resale: Is It Worth It?

by Alex Braham 51 views

Hey guys! Are you dreaming of magical vacations at Disney World year after year? The Disney Vacation Club (DVC) might be on your radar, but have you considered the resale market? Buying DVC points on the resale market can be a fantastic way to save money, but it's crucial to understand the ins and outs before diving in. Let's explore everything you need to know about Disney World Vacation Club resale so you can make an informed decision.

What is Disney Vacation Club Resale?

First, let's break down what exactly DVC resale means. When you buy directly from Disney, you're purchasing a new DVC membership. However, many existing DVC members decide to sell their memberships for various reasons – maybe their travel habits have changed, or they need to free up some finances. This is where the resale market comes in. You can purchase these memberships from current owners, often at a significantly lower price than buying directly from Disney.

Think of it like buying a used car versus a new one. A new car depreciates in value the moment you drive it off the lot, right? Similarly, a new DVC membership comes with a premium price tag. Buying resale allows you to sidestep some of that initial cost. You're essentially getting the same product – access to Disney Vacation Club resorts – but at a reduced rate. However, there are some key differences and restrictions to be aware of, which we'll delve into later.

One of the biggest advantages of buying resale is the potential for substantial savings. You can often find contracts for sale at 10-50% below what Disney is currently charging for new memberships. This can translate to thousands of dollars saved, which you can then use for other aspects of your Disney vacation, like dining, park tickets, or souvenirs! Plus, the resale market offers a wider variety of contracts and home resorts to choose from, giving you more flexibility in finding the perfect fit for your needs. It’s like shopping for a house – you have more options when you explore the existing market rather than just the newly built ones. So, if you are seriously considering DVC, looking into resale is a must! But remember, due diligence is key – so keep reading to learn the important considerations.

Benefits of Buying DVC Resale

Okay, so we know that cost savings is a major draw, but what other perks are there to buying DVC resale? Let's break down some key benefits:

  • Lower Purchase Price: This is the big one! As we've already touched on, resale contracts are generally much cheaper than buying directly from Disney. This allows you to get into the DVC program without breaking the bank.
  • Established Contracts: When you buy resale, you're often buying a contract that has been around for a while. This means you'll have a better understanding of the points usage, maintenance fees, and overall value of the membership. You can see its history in action!
  • Wider Choice of Home Resorts: The resale market opens up a broader selection of home resorts. Disney might be sold out of points at your dream resort, but you might find a resale contract there. This gives you more flexibility in choosing your preferred location and style of resort.
  • Immediate Use of Points: In most cases, you can start using your points as soon as the sale is finalized. No waiting period! This is a huge advantage if you're itching to book your next Disney vacation. Imagine finding the perfect resale contract and booking your trip to the Magic Kingdom the very next week!
  • Negotiating Power: Unlike buying directly from Disney, the resale market allows for negotiation. You can often haggle with the seller to get an even better price. This is especially true if the seller is motivated to sell quickly. Think of it like buying a car from a private seller – there's always room to negotiate.

The financial advantages are clear, but it's also the flexibility and control that make resale so appealing. You get to choose from a wider range of options, potentially secure your desired home resort even if it's sold out direct, and start planning your vacations almost immediately. This is a major advantage for families who like to plan ahead and want to secure their Disney vacations for years to come. However, remember that with these benefits come certain considerations and potential limitations, so let's dive deeper into the things you need to be aware of.

Potential Drawbacks and Restrictions of DVC Resale

Alright, let's keep it real, guys. While DVC resale offers some fantastic benefits, it's not all sunshine and Mickey Mouse balloons. There are some potential downsides and restrictions you need to be aware of before taking the plunge:

  • Restrictions on Certain Perks: This is the biggest caveat. Disney has implemented restrictions on resale memberships purchased after a certain date (currently, those purchased after January 19, 2019). These restrictions primarily affect access to certain member perks, such as:
    • Membership Magic: Resale members may not be eligible for some special events, discounts, and experiences offered exclusively to direct DVC members. Think special ticket discounts, exclusive parties, and merchandise offers.
    • Disney Collection: Points purchased on the resale market cannot be used to book stays at non-DVC Disney hotels (like those at Disneyland or international parks), or on Disney Cruise Line or Adventures by Disney. This is a significant limitation if you were hoping to use your points for those experiences.
    • Concierge Collection: Resale members also often cannot use their points for stays at the Concierge Collection hotels, which are upscale hotels outside of the Disney Vacation Club system.
  • No Blue Card Benefits: The Blue Card is a membership card given to direct DVC members that provides access to various discounts and perks around Disney World. Resale members typically do not receive a Blue Card.
  • Limited Use for New Resorts: DVC members who purchase resale points are typically restricted from using those points to book at new DVC resorts for a set period (usually a few years). This means if you're dreaming of staying at the newest DVC property, you might have to wait.
  • Points Chart Fluctuations: While this affects all DVC members, it's worth mentioning that Disney can change the number of points required for a particular stay. This can impact the overall value of your membership, regardless of whether you bought resale or direct.
  • Transfer Fees and Closing Costs: There are fees associated with transferring a DVC membership and closing costs involved in the sale. These costs can add up, so be sure to factor them into your budget.

These restrictions might sound daunting, but it's important to assess how much these perks matter to you. If you're primarily interested in staying at the DVC resorts themselves, and not as concerned about the other benefits, then resale can still be a fantastic option. However, if you envision using your points for cruises, hotel stays outside the DVC system, or value the exclusive member events, then buying direct might be a better fit. It all boils down to understanding your travel style and priorities. So, let’s figure out how to assess if resale is the right path for you!

Is DVC Resale Right for You? How to Decide

Okay, so you've got the lowdown on the benefits and the drawbacks. Now, the big question: is DVC resale the right choice for you? Here's a breakdown of factors to consider:

  • Your Travel Style:
    • How often do you visit Disney World? If you plan on visiting every year, DVC can be a great way to lock in your accommodations at a predictable cost.
    • Do you primarily stay at DVC resorts? If you love the DVC resorts and don't typically stay at other Disney hotels or go on Disney cruises, the resale restrictions might not be a big deal for you.
    • Are you interested in the extra perks? If you're excited about special events, discounts, and early access to new experiences, buying direct might be a better option.
  • Your Budget:
    • How much are you willing to spend upfront? Resale is generally cheaper upfront, but you'll still need to factor in annual maintenance fees.
    • Can you afford the annual dues? DVC maintenance fees can be significant, so make sure you can comfortably afford them year after year.
    • Are you comfortable with the resale market fluctuations? Like any investment, the resale market can fluctuate, so there's always a small risk that the value of your membership could decrease.
  • Your Flexibility:
    • Are you flexible with your travel dates? DVC availability can vary, so you'll need to be somewhat flexible with your travel dates, especially if you're traveling during peak season.
    • Are you willing to do some research and negotiation? Buying resale requires some research and negotiation to find the best deal.
    • Are you comfortable with the resale process? The resale process involves working with a broker and going through a closing process, which can be a bit more complex than buying direct.

To make it even simpler, ask yourself these key questions: Are you mainly interested in staying at DVC resorts? Are you okay with potentially missing out on some extra perks? Are you comfortable with the resale process and potential restrictions? If you answered yes to most of these questions, then DVC resale might be a great fit for you! However, if those perks are important, and you want the full “Disney” experience beyond just the resorts, it's worth considering the direct purchase. It's all about weighing your priorities and understanding what’s important for your dream vacation.

How to Buy DVC Resale: A Step-by-Step Guide

So, you've decided DVC resale is the way to go? Awesome! Now, let's walk through the process of actually buying a resale contract. It might seem a little daunting at first, but it's totally manageable. Here's a step-by-step guide:

  1. Find a Reputable Broker: Working with a reputable DVC resale broker is crucial. They'll help you navigate the process, find listings that fit your needs, and handle the paperwork. Look for brokers with a strong reputation and positive reviews. Think of them as your real estate agent for DVC!
  2. Determine Your Needs: Before you start browsing listings, figure out how many points you need, which home resort you prefer, and what your budget is. This will help you narrow down your search and avoid getting overwhelmed. Consider things like the size of your family, how often you plan to travel, and what time of year you typically visit.
  3. Browse Listings: Your broker will provide you with listings that match your criteria. Take your time to review the details, including the points available, use year, and expiration date. Pay close attention to the price per point and any applicable fees.
  4. Make an Offer: Once you find a contract you like, it's time to make an offer! Your broker will help you prepare an offer that's competitive but also within your budget. Remember, negotiation is possible in the resale market!
  5. Negotiate (If Necessary): The seller may counteroffer your initial offer. Be prepared to negotiate and find a price that works for both parties. Your broker will be your advocate during this process.
  6. Contract Review: Once an offer is accepted, you'll receive a purchase agreement. Review it carefully and make sure you understand all the terms and conditions. Don't hesitate to ask your broker or a lawyer if you have any questions.
  7. Right of First Refusal (ROFR): This is a crucial step. Disney has the right of first refusal, meaning they can choose to buy the contract themselves at the agreed-upon price. If Disney exercises ROFR, the sale falls through. If they waive ROFR, the sale can proceed. This process usually takes a few weeks.
  8. Closing: If Disney waives ROFR, the closing process begins. This involves transferring the membership and funds, and it's usually handled by a title company. You'll receive the paperwork and instructions from your broker and the title company.
  9. Membership Transfer: Once the closing is complete, the membership is officially transferred to you! You'll receive a new DVC membership card and can start planning your magical vacations.

The process might seem lengthy, but each step is designed to protect both the buyer and the seller. Using a reputable broker makes a huge difference in ensuring a smooth and successful transaction. They'll handle the paperwork, guide you through the negotiations, and keep you informed every step of the way. So, with a little patience and the right help, you’ll be on your way to DVC ownership in no time! Remember, this is an investment in your vacation future, so it’s worth taking the time to do it right.

Tips for Finding the Best DVC Resale Deals

Alright, you're ready to hunt for those amazing DVC resale deals! But how do you ensure you're getting the best possible price and a contract that truly fits your needs? Here are some insider tips to help you navigate the resale market like a pro:

  • Do Your Research: Before you even start browsing listings, research current resale prices for different resorts and point values. This will give you a baseline for what's a good deal and what's overpriced. Online forums and DVC resale websites are great resources for this.
  • Consider the Use Year: The use year determines when you can book your vacations. Choose a use year that aligns with your typical travel patterns. For example, if you usually travel in the fall, a September use year might be a good fit.
  • Look at the Points Chart: Understand the points chart for your desired resort and travel times. This will help you determine how many points you need for your typical vacations. Remember that point values can vary depending on the time of year and the type of room.
  • Factor in Expiration Date: DVC memberships have an expiration date, typically 50 years from the date the resort opened. Contracts with shorter terms might be available at a lower price, but you'll have fewer years of vacation ownership.
  • Be Patient: The resale market can be competitive, so don't feel pressured to jump on the first deal you see. Take your time, compare options, and be prepared to wait for the right contract to come along. Patience often pays off in the resale world!
  • Negotiate Strategically: Don't be afraid to negotiate the price. Start with a reasonable offer based on your research and be prepared to counteroffer. If the seller is motivated, you might be able to snag a great deal.
  • Check for Banking and Borrowing Restrictions: Some contracts might have restrictions on banking or borrowing points from previous or future years. Understand these restrictions before making an offer.
  • Consider the Home Resort: Your home resort gives you priority booking at that resort. Choose a home resort that you love and plan to visit often. This is a big advantage, especially for popular resorts.
  • Work with an Experienced Broker: We can’t stress this enough! A good broker can make all the difference in finding the right deal and navigating the resale process smoothly. They know the market, understand the nuances of DVC contracts, and can advocate for your best interests.

By following these tips, you'll be well-equipped to find an amazing DVC resale deal that fits your needs and budget. Remember, it's an investment in years of magical vacations, so take your time, do your homework, and enjoy the process!

Final Thoughts: Making the Magic Affordable

So, guys, there you have it – a comprehensive guide to Disney World Vacation Club resale! Buying resale can be a smart and cost-effective way to join the DVC family and enjoy incredible Disney vacations for years to come. However, it's crucial to understand the benefits, potential drawbacks, and the entire buying process before making a decision. Remember to assess your travel style, budget, and priorities, and weigh the pros and cons of resale versus buying direct.

By doing your research, working with a reputable broker, and being patient, you can find a DVC resale contract that fits your needs and helps you create lasting memories with your loved ones. Whether you choose resale or direct, the magic of Disney is waiting for you! Now go out there and make those Disney dreams a reality!