DVC RESALES
DVC RESALES

Go Back   The DIS Discussion Forums - DISboards.com > Disney Vacation Club > Purchasing DVC
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Rate Thread Display Modes
Old 06-25-2014, 07:19 PM   #1
cantoine
Mouseketeer
 
cantoine's Avatar
 
Join Date: Nov 2013
Location: Illinois
Posts: 143

Buying process

We began the process of purchasing DVC. I was wondering if anyone could take a few minuets and explain the process to me. Our contracts will be here tomorrow. Thats where we are at!!!!!

Thanks in advance. Please also feel free to share anything you feel is important.
__________________



Me, DH, DS9, DD5, DD2, DD1
2011-POR: 2013-POR: 2014-YC/BLT 2014-AKL-Kidani
cantoine is offline   Reply With Quote
Old 06-25-2014, 07:27 PM   #2
Msmithmd
DIS Veteran
 
Msmithmd's Avatar
 
Join Date: Jul 2012
Posts: 844

Agreed-upon contract goes to DVC for right of first refusal. They decide whether to buy it out from under you or not. 30 days.

Contract passes ROFR and you receive closing documents. 2-5 days.

You rush your signed contract back overnight, and seller sends theirs back slowly after going to see a notary. 14 days.

Contract closes with the county in which you're buying and shows up on that website. 2-5 days.

DVC takes more time to create new owner profile and then load the points. Historically 1-2 weeks. Recently reported as much as 20-30 more days.

You have your ownership account and points loaded. You get set up online. And can book immediately at that point.

Overall- plan for 75 days after you send your signed purchase agreement back. Be happy if it is faster.
Msmithmd is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 06-25-2014, 07:29 PM   #3
cantoine
Mouseketeer
 
cantoine's Avatar
 
Join Date: Nov 2013
Location: Illinois
Posts: 143

We purchased directly from Disney. So we still have to go to ROFR
__________________



Me, DH, DS9, DD5, DD2, DD1
2011-POR: 2013-POR: 2014-YC/BLT 2014-AKL-Kidani
cantoine is offline   Reply With Quote
Old 06-25-2014, 08:29 PM   #4
Msmithmd
DIS Veteran
 
Msmithmd's Avatar
 
Join Date: Jul 2012
Posts: 844

Lol no. Figured you were resale purchasing. DVC doesn't ROFR themselves.

Your guide will explain the direct process. That's what he gets paid to do, beyond closing you on the sale.

Hope you're purchasing at VGF. If not, you're paying double what you should be paying. But if you're buying VGF, congrats on an awesome resort.
Msmithmd is offline   Reply With Quote
Old 06-25-2014, 08:55 PM   #5
wildforgoofy
Mouseketeer
 
wildforgoofy's Avatar
 
Join Date: Jan 2012
Location: Ohio
Posts: 292

Quote:
Originally Posted by Msmithmd View Post
Lol no. Figured you were resale purchasing. DVC doesn't ROFR themselves. Your guide will explain the direct process. That's what he gets paid to do, beyond closing you on the sale. Hope you're purchasing at VGF. If not, you're paying double what you should be paying. But if you're buying VGF, congrats on an awesome resort.
FWIW I laughed reading your timeline of events. Hahahaha!
__________________
Terri
wildforgoofy is offline   Reply With Quote
Old 06-25-2014, 09:02 PM   #6
disneynutz


Earning My Ears One At A Time
 
disneynutz's Avatar
 
Join Date: Dec 2006
Location: North Texas
Posts: 17,943

Quote:
Originally Posted by cantoine View Post
We began the process of purchasing DVC. I was wondering if anyone could take a few minuets and explain the process to me. Our contracts will be here tomorrow. Thats where we are at!!!!!

Thanks in advance. Please also feel free to share anything you feel is important.
You need to realize that most here believe in the cost savings of buying resale. Not knowing where or what you bought it's hard to comment on your purchase.

Are you well educated in the art of DVC? Do you even want the pros and cons of owning or are you past that point?

Bill
__________________

disneynutz is offline   Reply With Quote
Old 06-25-2014, 09:30 PM   #7
cantoine
Mouseketeer
 
cantoine's Avatar
 
Join Date: Nov 2013
Location: Illinois
Posts: 143

Quote:
Originally Posted by disneynutz View Post
You need to realize that most here believe in the cost savings of buying resale. Not knowing where or what you bought it's hard to comment on your purchase.

Are you well educated in the art of DVC? Do you even want the pros and cons of owning or are you past that point?

Bill
Past the point of Pro's and Con's. I am well educated on how the program works. Buying direct was just a better option for us. We were just wondering how long the whole thing was going to take, and any trade secrets about the properties. Thought we would ask people who have been through it.
__________________



Me, DH, DS9, DD5, DD2, DD1
2011-POR: 2013-POR: 2014-YC/BLT 2014-AKL-Kidani
cantoine is offline   Reply With Quote
Old 06-25-2014, 09:39 PM   #8
wildforgoofy
Mouseketeer
 
wildforgoofy's Avatar
 
Join Date: Jan 2012
Location: Ohio
Posts: 292

Quote:
Originally Posted by cantoine View Post
Past the point of Pro's and Con's. I am well educated on how the program works. Buying direct was just a better option for us. We were just wondering how long the whole thing was going to take, and any trade secrets about the properties. Thought we would ask people who have been through it.
My SIL bought direct at VGF and the entire process took about 3 weeks. It was very quick.
__________________
Terri
wildforgoofy is offline   Reply With Quote
Old 06-25-2014, 09:51 PM   #9
disneynutz


Earning My Ears One At A Time
 
disneynutz's Avatar
 
Join Date: Dec 2006
Location: North Texas
Posts: 17,943

Quote:
Originally Posted by cantoine View Post
Past the point of Pro's and Con's. I am well educated on how the program works. Buying direct was just a better option for us. We were just wondering how long the whole thing was going to take, and any trade secrets about the properties. Thought we would ask people who have been through it.
The whole thing is a moot point when you buy through Disney, paying direct prices puts you on the fast track. You should have been able to already make your first reservation, the paper work is just a legal process. Nothing changes when the legal process is completed, closing, filings, deed.

Every property is different to a certain extent. Your best bet is to read through the resort posts, make yourself a list of resorts and stay at each one. I suggest that you make some resort pro and con notes so you can remember in 8 years what the resort stays were like. Then you can focus on your favorites.

Good luck and have fun.

Bill
__________________

disneynutz is offline   Reply With Quote
Old 06-25-2014, 09:53 PM   #10
Msmithmd
DIS Veteran
 
Msmithmd's Avatar
 
Join Date: Jul 2012
Posts: 844

Quote:
Originally Posted by wildforgoofy View Post
My SIL bought direct at VGF and the entire process took about 3 weeks. It was very quick.
+1

And you can probably book the same day you close your purchase, through your guide.

Direct is better for ease of purchase, flexibility, and speed of your ability to book vacations. Everything, in fact, except price.

On price, resale can save literally half the cost. So resale is the way I would go in most every circumstance- except buying a new resort (like VGF) where there isn't a meaningful cost difference established yet in the resale market. Congrats on your purchase.
Msmithmd is offline   Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

DVC-Resales.com | 1-800-550-6493 (Contact The Timeshare Store) | DVC Resale Listings

facebooktwittergoogle plus youtube itunesDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 12:11 PM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.

You Rated this Thread: