Resale Purchase

Discussion in 'Purchasing DVC' started by shpdem, Sep 23, 2013.

  1. shpdem

    shpdem Mouseketeer

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    I was wanted to know from those with experience, how long the process normally takes from start till finish and you can begin using your points when buying resale.
     
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  3. Minniesgal

    Minniesgal DIS Veteran

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    That is a bit of a how long is a piece of string type question. The best answer is it depends. It depends how close to asking price you are prepared to pay and how popular a resort you want to buy. You might wait months to get an offer accepted you might get the first offer you make accepted. Once you get an offer accepted you have about one months wait for ROFR after you return contracts and pay deposit. You can wait anything between 48 hours and two weeks to get closing documents. Sellers can return closing documents immediately or take a month. Once closed it can take Disney 3-5 weeks to update the system so you can use your points. I'd count on a minimum of 8 weeks but it can take 12-15 easily, it can be quicker it can take longer.

    Of course if Disney exercises ROFR you are back to the start of the process again.
     
  4. Deb & Bill

    Deb & Bill DVC-Trivia Contest, Apr-2006: Honorable Mention

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    And if you get an overseas seller or a contract being sold because of divorce or death or bankruptcy, it can take longer.
     
  5. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

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    75 days seems to be about the current average.

    :earsboy: Bill
     

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