Gifting DVC

[marcomouse]

Is it possible to give my contract to someone without Disney having first right of refusal? Would there be closing costs involved ?

 

[bpmorley]

I'm not sure how it would work, but we were told that we could give our membership away and it would just be a matter of changing names and addresses. But I think it had to be a family member

 

[RobDoc]

Is it possible to give my contract to someone without Disney having first right of refusal? Would there be closing costs involved ?

Right of Refusal is required whenever a transfer of ownership is done. Disney will normally pass when the gift is to an immediate family member. There will be costs to register the new deed with the county.

 

[jarestel]

Doc's advice sounds excellent (as usual) but why not call DVC administration and run it by them? It can't hurt. Echoing Doc's post, closing costs are a county thing and not controlled by Disney, so I would expect to pay something there.

Good luck!

 

[marcomouse]

Thanks ;we are in the "thinking about gift" stage right now. I dont want Disney to claim the deed because they have the ROFR.

 

[RobDoc]

Thanks ;we are in the "thinking about gift" stage right now. I dont want Disney to claim the deed because they have the ROFR.

As long as it's truly a gift, you should have little difficulty. DVC can advise what you'll need to do to transfer ownership. Closing costs, to record the new deed, should be a nominal expense.

 

[Figment2]

Doc is absolutely right. I had a conversation with DVC since I will be re-titling my ownership into a trust. You still have to go through ROFR but they will pass on gifts and name changes.

Cyn

 

[littlestar]

We gave some points to my parents. I faxed the request to DVC for a waiver of the right of refusal since it was a gift to family and Disney sent me a waiver on it. Then we did a Quit claim deed ourselves. Total cost was around $50.00 to file everything. Here's an old thread that helped me do this:

http://www.disboards.com/showthread.php?t=953568&page=1&pp=15&highlight=quit+claim+deed

I followed Post # 12 (except our situation wasn't a divorce situation, of course). Here's a link to the Orange County site:

http://www.occompt.com/orfaq.html#deed

I called Orange County and they were very helpful when I double checked with them on the exact dollar amount to send to file the Quit Claim deed.

Good luck.