closing fee with add on?

[LattNJ]

I'm very interested in buying into DVC soon. I hear of people frequently adding on. Do you pay a closing fee each time you add on?

 

[nyck]

If you add on from disney directly, no there is not any closing costs (or they pay it). If you add from resale, there is but I am not sure of the amount. I guess it depends on how much you spend

 

[DVC SSR Owner]

Resale closing costs are negotiable. We did not pay ANY!

 

[rock_doctor]

You only have a closing when they are deeding a new property to you. Resale is buying a piece of a new room (new property) but adding on with Disney is just buying a larger percentage of the room you already own so no closing just new doc fees. You can negotiate the closing costs, for example i would pay the asking price and have the owner pay the closing and maintenance so the cost per point is high and in turn you have a lower chance of Disney ROFR'ing it but you will brake even in the final cost.

ROFR - right of first refusal - if the selling price per point is too low Disney will just step in and buy it themselves.

 

[FindingFigment]

I am a new DVC member who just bought a small contract (60 points) at BWV and my guide told me I didn't have to pay closing costs because BWV is a sold-out property. I didn't ask any questions about it because I was soaking it all in.

(By the way, they don't usually sell that many points [under 100] to first-time buyers but it's something they are doing for now. The guides don't know how long it will last.)