DVC RESALES
DVC RESALES

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Old 12-03-2013, 01:13 PM   #1
amytheobald
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Buying process

Is there an average length of time in purchasing/closing/being able to book points? I want to take a trip next Nov. but am wondering if I shouldn't just plan on that trip being a cash trip, wondering if there will be enough time to purchase a contract, close and book what I want. We plan on buying resale
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Old 12-03-2013, 01:35 PM   #2
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There will be time, if you bid on a contract now. Generally you will be set up with membership ready to book within 60 days of accepted offer. And that would put you well before the seven month window for next November.

Further, you would be able to find "something" at less than six months in all likelihood. Maybe not your home resort but something.

So bid away. And, you can always make a cash reservation and cancel it later as your backup plan.
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Old 12-03-2013, 10:24 PM   #3
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It has taken some resale buyers 75 days. You are dependent on the seller, broker, closing company, and Disney doing everything in a timely fashion.

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Old 12-04-2013, 11:02 AM   #4
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Buying resale there will be a wait.....going through Disney I believe you could book pretty much right away.
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Old 12-04-2013, 03:21 PM   #5
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It has taken some resale buyers 75 days. You are dependent on the seller, broker, closing company, and Disney doing everything in a timely fashion.

Bill

From my initial offer 9/5/13, to receiving the letter from Disney w/ my member number, which Disney mailed 11/25/13, it took 84 days. It would have moved along faster if my sellers had been speedier.
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Old 12-05-2013, 11:33 PM   #6
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I am happy to say that from my initial offer on Oct 28 to my points being loaded and ready to use at DVC today, Dec 5, was 39 days. Disney's part to load my points took 10 days.

I realize that somehow I got lucky, but I can happily recommend using the Timeshare Store.
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Old 12-06-2013, 12:36 AM   #7
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I am happy to say that from my initial offer on Oct 28 to my points being loaded and ready to use at DVC today, Dec 5, was 39 days. Disney's part to load my points took 10 days.

I realize that somehow I got lucky, but I can happily recommend using the Timeshare Store.
WOW … that's got to be a record! Never ever seen a timeline that short. How many days did ROFR take?
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Old 12-04-2013, 11:30 AM   #8
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Brownie is correct. For buying at VGF anyway-or another resort where there isn't a wait list for those points.

Buying direct from Disney is more convenient, faster in most cases, allows you to book more quickly, and doesn't have the resale usage restrictions (which don't amount to much anyway).

The ONLY advantage to resale is the cost savings. But that's the only advantage you need. In my personal case, buying resale saved me $18,000 versus direct purchase for the 300 points that I own. And that's a figure that speaks for itself.
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Old 06-18-2014, 10:59 AM   #9
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Even if both the buyers and sellers are prompt with sending their paperwork back (as it was in my case) it seems to take a lot of time. I think Disney waits with ROFR and other things to discourage buying resales. Or maybe I'm impatient!
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Old 06-18-2014, 11:12 AM   #10
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Even if both the buyers and sellers are prompt with sending their paperwork back (as it was in my case) it seems to take a lot of time. I think Disney waits with ROFR and other things to discourage buying resales. Or maybe I'm impatient!
Probably both!

Disney has increased their delay time for obvious reasons. Buying direct they can set up an account and load the points in a day. Resale buyers can wait up to 2 weeks.

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Old 06-18-2014, 07:39 PM   #11
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Originally Posted by zumbergc
We are in process of buying resale. It is taking forever.
We got thru ROFR, and got our closing documents the end of May.
The seller still haven't turned in their paper work so we can close.

We started our process April 9, with turning in our contract, so even after closing which who ever knows when the sellers are going to turn in their paperwork. http://www.wdwinfo.com/images/smilies/guilty.gif

It is extremely frustrating because I want to book, and well after closing we still will have to wait to get put in the system.

I looked at our last contract and from start to finish, it was just over 1.5 months from the time we made initial contact until we closed but that was in '09.
I feel your pain. My process started 3/24 passed 4/30 and didn't close till 6/9 recorded 6/10. Still waiting to be added to the system. About 3 weeks of delays due to sellers taking their time.
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Old 06-20-2014, 12:52 PM   #12
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Does anyone know if the 30 day ROFR is a deadline that Disney "must" meet or the ROFR is waived, or is it just a turn around time goal or standard they try to meet?
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Old 06-20-2014, 01:00 PM   #13
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Does anyone know if the 30 day ROFR is a deadline that Disney "must" meet or the ROFR is waived, or is it just a turn around time goal or standard they try to meet?
It is just a standard that they try to meet and do meet in most cases. I have heard of it taking longer In rare circumstances. I think he wording is they must be given a minimum of 30 days
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Old 06-20-2014, 01:05 PM   #14
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It is just a standard that they try to meet and do meet in most cases. I have heard of it taking longer In rare circumstances. I think he wording is they must be given a minimum of 30 days
Not what I wanted to hear , but thank you for the info.
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Old 06-20-2014, 01:59 PM   #15
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Not what I wanted to hear , but thank you for the info.
It is unlikely to take more than 30 days
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