Deed expiration date

[stephram1292]

What is a Deed expiration date and if buying direct from Disney does the deed expiration day apply? I was interested on the waiting list to buy direct for maybe SS just wondering if ill have less than 50 years to use.

 

[siren0119]

All DVC have an expiration year regardless of whether you buy direct or resale. DVC is NOT a timeshare that you own in perpetuity. As of Jan 31 of the expiration year, you no longer own your timeshare and Disney resumes full ownership.

It's one of the huge differences between DVC and other timeshares. With other timeshares, it's like buying real estate that you can will to your children, because your ownership is in perpetuity (you own it as long as you continue to pay the maintenance fees). With DVC, it's more like leasing a car - you pay the per-point cost and maintenance fees, but at a set future time your ownership ends and the ownership returns to Disney.

 

[_auroraborealis_]

^^ which is to say, Saratoga expires in 2054 no matter how you buy.

 

[Great3]

^^ which is to say, Saratoga expires in 2054 no matter how you buy.

That's the crazy thing about buying direct. DVC still raise the Direct prices even thought the number of years you get decrease as each year passes by (which is also true for resale). So it's a double whammy in terms of price inflation when buying direct.

If you buy SSR direct today, you will get 35 years of use left, same as resale.

Great3

 

[siren0119]

It's honestly one of the reasons we've become turned off to DVC. I ADORE the idea of DVC, and being on property. But when other hotel chains offer Timeshare contracts that we own in perpetuity, which I can pass on to my kids and grandkids, it becomes a much more attractive investment. especially when they have locations right near Disney.

 

[Yinn]

It's honestly one of the reasons we've become turned off to DVC. I ADORE the idea of DVC, and being on property. But when other hotel chains offer Timeshare contracts that we own in perpetuity, which I can pass on to my kids and grandkids, it becomes a much more attractive investment. especially when they have locations right near Disney.

Meanwhile I'm the opposite, it's one of the reasons I loved the idea of DVC. I know that I like Disney, I can plan and budget for 50 years (or less) But when I kick the bucket, I also know I'm not leaving an obligation to my children (annual dues) in perpetuity.

 

[_auroraborealis_]

One of the reasons DVC holds value is that it has an end date and isn't an eternal burden generating articles on "how to get rid of your timeshare."