Discussion in 'Purchasing DVC' started by nikkinraul, Jun 30, 2014.
Is this a time share? How do you buy? How much is it? How does it work? Thanks!
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It is Disney's points based version of a time-share.
You need to read the stickies at the top of these pages, read multiple of these threads, and then read some more.
You need to understand the following terms:
studio, 1 & 2 bdrm, & grand villa - and know the differences
ending date of your contract
resale vs direct purchasing
After you have all these terms down; read some more.
Like you we were late comers to the DVC party, I've been reading posts for 4 months and only struck a deal on a resale 20 days ago.
All the answers are here happy reading.
Here is a great article I'd suggest. If for any reason the link doesn't work just google DVC review and it's the 1st hit. This is the 1st thing I read and found it very helpful.
Ok so the link is blocked, as I mentioned just google it and the 1st few hits contains loads of information to give you a good understanding of how it works.
buy direct from disney (fast but high $) or buy from a former owner ("resale" = cheaper but takes longer).
maybe $3,000...maybe $150,000. depends on what you are trying to do...
don't forget that you pay annual dues (maintenance costs/housekeeping/groundskeeping) in addition to the upfront costs.
this takes a while and there's no substitute for taking your time and doing your homework. read the link below and learn to use the DIS search function (or google) and then ask questions if you have trouble finding the answer.
to keep it as short as possible. you pay for X number of pts each year at a given "home resort." you can book your home resort with those pts that renew each year at 11 months out (and other DVC resorts at 7 months out...which can make a big difference in some cases). you spend the pts to book accommodations in DVC resorts onsite at wdw (or in CA, HI, vero beach or hilton head, SC) for villas that vary in point price based on resort, room size and time of year (see the point charts link in the top right hand corner of the screen). you can move pts up or back one year (and one year only) by using "banking" and "borrowing." your contract will expire in 2042 or later depending on what home resort you buy into.
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