Discussion in 'Purchasing DVC' started by Coll0610, Mar 5, 2001.
Before you bought, did you have an attorney check out the contract?
No, we just took a little time to look at papers then. We had to do it there and not from home because we live in Texas and they are not registered to sell here.
hi: we purchased twice directly through disney. we just read through and made sure we understood everything we agreed to.
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Yes, I did have my lawyer look over the contract. He was satisfied with the contents, and said it was pretty "standard" for this type of transaction. No red flags from his point of view. I didn't really expect there would be any red flags, but I felt better having him look it over.A
maybe I am naive, but I figured Disney would not be going out of its way to single me out for a swindle. I figured that if there were something terribly wrong with the contract I would have heard about it from two friends who were long time members, and people on this board. I would have felt different about using a lawyer for a re-sale with all the potential problems with a private sale.
If you get a lawyer involved, and he or she really explained everything in the contract to you, you would probably never sign it.
No, because other members of this board reported having had a lawyer look at it and that it looked okay. I figured that if several lawyers have seen it and seem to think its okay I'm pretty safe.
Also, like someone said, I feel Disney is a fairly reputable company to deal with. We did read the contract ourselves (okay, I did, I don't think dh did) and being a reasonably intelligent person I didn't find anything that seemed confusing, weird, or otherwise raised any red flags....there are things in our leases for our home and car that I find more worrisome than anything in the DVC contract. But definitely read it for yourself and know what you're getting into.
1994 Carribean Beach
1999 Fort Wilderness and Coronado Springs
2000 Polynesian and Old Key West
2002 Boardwalk Villa
[This message was edited by Lesley on 03-06-01 at 09:18 PM.]
I don't think you need a lawyer to read it over but do read it at least once yourself. A lot of people seem to have never even looked at it. Disney covers almost every possibility to their benefit but it does lay out the specifics of how the program works.
We had our attorney review it. He stated that he usually tries to talk clients out of such a thing...however this one was different. He faound nothing in it to be cautious about.ÃÂ«
No lawyer, no previous knowledge, just plunged head first and happy I did!
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PamOKW is correct. You should read the contract so you will understand how its terms apply to your use of the timeshare. However, as with any contract with a large institution, the terms are offered on a "take it or leave it" basis. I read the contract and found it unobjectionable for my purposes. By the way, I am a lawyer.
As a lawyer, I am loathe to ever recommend against hiring one of my brethren . However, in this case I think all a lawyer would be able to do is answer questions about what a specific provision means, and what its implications might be. There would be no room for him/her to negotiate any of the language, and no way to get a "better deal."
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