Confused about how to buy into DVC

[donaldbuzz&minnie]

Hi -
I'm confused about how buying into the DVC works. Can anyone help? We would like to buy into the WLV. Can this be done through Disney if we aren't current owners? Are the points still $84? Is it true that resales end up costing about that much (even if they are, say, $71 pt to begin with) when you add on commissions and closing costs?

Thanks for any help any of you are able to give me!

 

[wildcatwmn]

The only way to get into WLV as a home resort at this point would be through a re-sale, and yes you would have to pay the closing fees which could add up to almost the same. In the long run the advise I have received is to buy where you want to stay. In the long run, a few $$$ difference will not matter if you can book the place you want 11 months out. For us, we travel a lot and will want to exchange often so it wasn't as much of an issue.

 

[RobDoc]

All aspects of a resale transaction are negotiable- including the price, reimbursement of current year dues and who pays the closing costs.

Some will accept a contract with borrowed points only if the seller pays closing and/or maintenance fees, others will gladly pay the closing costs because of the banked points available. Each transaction is different and the terms can also be different. The only outside consideration for a cash transaction is Disney's ROFR. If your offer is below Disney's threshhold price, they may purchase the contract themselves and even that threshhold can vary from contract to contract.

Enjoy!