Can a Coloradoan buy DVC?

[tc]

I remember reading somewhere on these boards that certain states won't allow residents to buy certain timeshares, namely DVC. Am I mistaken? If I'm not, does anyone know if Colorado residents can purchase DVC? I have been unable to find a DVC poster that is a resident of Colorado. Any help would be greatly appreciated since we are definately considering purchasing soon.

Thank, Kelli

 

[Towncrier]

From the DVC Members' website:

The State of Colorado
Colorado residents: For more information, please call Disney Vacation Development, Inc., a registered Colorado developer, at (800) 500-3990 or the Colorado Broker at (303) 409-6176.

You might have to purchase DVC while in Florida. You might try calling the 800 number and letting us know what they say.

 

[MikeScott8]

Don't quote me on this as I am not a member (yet).

I recall some posts about certain states not allowing gifts for refferrals, but I don't remember seeing anything about people in certain states not being able to buy in.

But I could be wrong, I am still a newbie around here.

Mike

 

[TnRobin]

Yes, DVC must register in each state that it wishes to sell in. Each state has its own requirements for registeration. DVC is not registered in all states. This does not mean that if you are a resident of one of those state that you may not be a member. It just means that the transaction can not happen in your state. (DVC is not allowed to mail any marketing materials to states where they are not registered either.) Anyone can join DVC while they are in Florida or South Carolina at the DVC resorts.

As for Colorado, DVC is registered in Colorado for sale. Just call DVC to receive the information brochures.

 

[tc]

Thank you so much TnRobin. I am so relieved. I was having a momentary panic attack when I realized that I may not be able to buy in Colorado. Of course, if worse came to worse, I could plan at trip to Florida, and buy there. What better reason to go, right?

Thanks again for all the replies.

Kelli

 

[nuthut]

Not having DVC available in my state would be a requirement to move to another state.

 

[Mary Ellen]

We bought DVC while Colorado residents. We did have to wait until Disney was approved to sell BWV in this state. They couldn't even send us ANY information until they were licensed to sell BWV here. I was tempted to make an 'extra' trip to Orlando to make the purchase.

 

[MikeScott8]

As Mary Ellen said she experienced with BWV I got the same when I asked about BCV. My sales guide didn't know when they would be starting sales for BCV, AND she didn't know how long it would take to get approved to sell BCV in NY (which she says is one of the states that takes longer).

I am hoping that BCV starts by the time I am down there in Jan. so if we decide to buy in we can do it there and not have to wait for NY to approve BCV sales.

Mike

 

[TimL]

We are from Colorado and we could buy at the Boardwalk Villas in 1998 when we looked into it. We could not buy at Vero Beach since Disney wasn't registered to sell Vero to Colorado residents at the time.

We ended up buying a resale at Old Key West in 1998 (a very good decision)! There are no state of resident restrictions on buying a dvc resale.

 

[RweTHEREyet]

When I first read the subject on this, I saw Can a Color Doan buy DVC. I was trying to figure out what species that was? Sorry, I know I am really, really tired, but it just hit me that way. Hope you get a chuckle too. Will never look at Colorado people the same way again...

 

[Granny]

Originally posted by RweTHEREyet
When I first read the subject on this, I saw Can a Color Doan buy DVC. I was trying to figure out what species that was? Sorry, I know I am really, really tired, but it just hit me that way. Hope you get a chuckle too. Will never look at Colorado people the same way again...

RweTHEREyet.....I think you are "there" now!

 

[tc]

It's great to know I can give a chuckle from miles away. I'm never sure if it's supposed to be Coloradoans or Coloradans, either way, thanks everyone for answering my questions. I'll hopefully be a DVC owner by next year, this time. Wish me luck on convincing DH .

 

[PKS44]

Does it bother anyone besides me that the government of one state feels it can interfere in people's lives this way? I mean what is this saying, that some states are smarter than others in approving timeshares? Shouldn't there be an automatic reciprocity granted after you have licenses in a certain number of states. I mean you can amend the Constitution for the whole country with 3/4 of the states, for crying out loud. What a complete waste of time to make them go through the process 50 times... And the notion that rewards are allowed in some states and not others is pretty ridiculous, too. DVC members in those states need to rise up and change those silly, intrusive, freedom-stifling laws.

Paul

 

[Mary Ellen]

Paul -

What this is saying is, that Disney seeks approval first in states where they expect to have more purchasers. This is something DISNEY decides, not a state. All states have their own real estate laws.

If you want the federal government involved in real estate transactions, this is something you'll need to bring up with your senator and congressmen/women.

 

[PKS44]

Actually, what I was suggesting is a little common sense. Maybe a state could save some time and money by saying to a real estate seller that if you have already been licensed in 20 states, (or 10 or whatever) and are in good standing in those, we will give you a license without further need to show anything. This would streamline the process and I doubt put anyone in jeopardy from nefarious dealers, since they would have already been checked out by the previous 20 states... I don't know what the process is- I confess ignorance, though I can tell you that in the area of medical licenses the process is arbitrary and ridiculously redundant from state to state. You could be licensed in 49 states but it means absolutely nothing to the 50th state. In fact, using my method, showing you are in good standing in so many states would be a better indicator of trustworthiness than whatever nonsense each state bureaucrat does in each state individually.

Paul

 

[two-foxes]

I know this thread hasn't been active in a while, but when I obtained DVC info last year, there was a seperate form in all the paperwork that stated something to the effect of....after a 45 year period, you will not "own" anything, it is considered a 45 year rental in the state of Colorado. It is my understanding that with DVC, you are "purchasing" ownership that can be used to the day you die, then passed on to kids, for example. Then, I recieved this Colorado thing....and I am not sure it is the same question the OP asked.


Can anyone help, because when I called DVC last year about it, I got the same info, that it is considered a 45 year rental, then poof, you are done.

 

[TimL]

DVC ownership ends around 2042 (?) for everybody, not just Colorado residents, if you buy anywhere but Saratoga Springs. Saratoga Springs lasts a few years longer.

This is one difference between DVC and other timeshares - DVC does expire. You don't own it forever.

Tim

 

[Richyams]

Jan, 2042 for all resorts except the new SSR, that ends in 2054.

Its probably just some dopey thing that your government did to protect you from evil timeshare sales people.

 

[tc]

Boy was I surprised to see this post replied too! I figure by 2042 I'll be 80 years old. I'll either be dead, living very near WDW or filthy rich, so it really doesn't matter. I am just looking forward to the next 38 years!!!

BTW, we did buy, and love it, even if it doesn't last forever.

 

[dianeschlicht]

TC, glad to see you took the plunge! Where did you buy?