DVC purchase of VB points

[walter]

We have 50 VB points & were wondering if DVC would buy them back. Anyone have any experiences with DVC purchasing back points? Thanks.

 

[Deb & Bill]

Nope, they don't purchase directly from anyone. They just get them for ROFR.

 

[CarolMN]

As posted, Disney only buys through the Right of First Refusal process.

You have to find a buyer yourself (or hire a broker to do so), negotiate terms and get a purchase contract signed. After that, if Disney decides to take the buyer's place, it can. The terms of the contract remain exactly the same except Disney is now the buyer of your points. That's the only way Disney ends up with a resale contract.

Best wishes -

 

[llebrekniT]

Ok. Wait a minute.

I've been looking into the re-sales. Does this mean that I could put a contract on a re-sale and Disney can step in and buy it, whether I already have a contract or not?

 

[Par8hed]

No. It will need to go to contract before Disney gets involved.

 

[RobDoc]

Originally posted by llebrekniT
Ok. Wait a minute.

I've been looking into the re-sales. Does this mean that I could put a contract on a re-sale and Disney can step in and buy it, whether I already have a contract or not?

Once an offer has been made and accepted, the sale must be submitted to DVC for approval. If they feel the offer is too low, they have the right to purchase the contract at the same terms. Either way, the seller will get the same purchase price.

Potential buyers may want to familiarize themselves with current ROFR levels before making an offer.

Good luck!

 

[Par8hed]

Yeah! Thats what I said. Only I had no desire to elaborate to the point of our fine webmaster. Thanks Doc!