Buying resale and having to pay dues for next year at closing

VGCgroupie

Im in this photo
Joined
May 29, 2017
Messages
4,416
Is there any way around having to pay 2025 dues in advance at closing?
Edit to add: not as far as negotiating with the seller. Disney wants dues for the following year paid up front when closing this close to the end of the year.
 
You could negotiate the price lower so the difference is the dues?
The 2025 dues goes directly to Disney not to the seller. So this wouldn't work. I wish they'd pay them but we already got the price down to pretty great number.
 

I imagine anything is negotiable, but I'm sure the advice of the seller's broker is, you should absolutely not be paying 2025 dues when you're selling a contract this close to 2025.
 
I've read somewhere, but can't find it now (and might not even be linkable, anyway), that Disney requires next year's dues to be paid upfront for closings after Dec 1 of the current year.
 
I've read somewhere, but can't find it now (and might not even be linkable, anyway), that Disney requires next year's dues to be paid upfront for closings after Dec 1 of the current year.
I’ve had one broker tell me this as well, and they even said that they would put in the contract that the closing must happen on or before 11/30 if I made an offer.

This is also a disclaimer on all of the recent contracts posted by the board sponsor for 2025 dues
 
It's contracts that close in December. If you sign docs now, you "should" be able to close before Dec 1, which I'm pretty sure is the cut off. But it'll be very tight.
I laugh since my last contract was 92 days. I have bad luck with how long it takes these title companies and sellers.
 
This might be a silly question but when buying resale, at what point do the funds actually leave your account?
 
This might be a silly question but when buying resale, at what point do the funds actually leave your account?
You give a smallish deposit as soon you go under contract. Then you can tell the title company that you will send the rest of the funds when they are ready to close. So there's about a 2-3 week window of which you have paid but do not have your membership yet.
 
How does this work actually? Do you add the ‘25 annual dues amount to your final wire transfer to the title company and they pay Disney at closing if it occurs on or after 12/1?
 
How does this work actually? Do you add the ‘25 annual dues amount to your final wire transfer to the title company and they pay Disney at closing if it occurs on or after 12/1?
Yes that’s what it seems like has to happen. Once I go through the process I will update it here.
 















New Posts



DIS Facebook DIS youtube DIS Instagram DIS Pinterest

Back
Top