Has anyone sold back to Disney????

[BELLE16127]

My husband and I were talking about this a few days ago. Wondering how they decide how much your interest in a Membership is worth NOW. We bought in back in 1999 at the Boardwalk. Financed it and was looking at what we owe to be totally paid off at this point. Now looking at what the points are worth at the new resorts compared to what we would have paid how do they decide what you make off of your interest?? Is it what you originaly paid or higher? I am assuming they would take off what you still owe on your contract from your price. I really haven't a clue but thought I would ask here and see if anyone had done this before and how it was handled.

 

[Chuck S]

You must have an offer from an outside party to purchase your DVC contract, then Disney can execise their Right of First Refusal (ROFR) and purchase the contract on the same terms as the offer. For any contract to be sold and re-registered with Orange County, the mortgage most be satisfied. As far as I know, Disney does not actively make offer and buy-back contracts without going through this process, except of course in cases where a purchaser defaults on a loan or otherwise fails to live up to a contractual obligation.

 

[Caskbill]

Actually, I have it from a very good source that Disney will buy back points directly. However their offer is quite low. I think it was around $55/point earlier this year.

Don't know anything about the process or how one would even go about it. It also wouldn't make much sense for most people, because the resale market would certainly pull a higher price than that, even after paying commissions and other fees.

 

[Chuck S]

Actually, I have it from a very good source that Disney will buy back points directly. However their offer is quite low. I think it was around $55/point earlier this year.

Don't know anything about the process or how one would even go about it. It also wouldn't make much sense for most people, because the resale market would certainly pull a higher price than that, even after paying commissions and other fees.

Hmmm...something new. As you say, it is below normal resale values. It may be of an advantage to someone that must quickly sell their contract and doesn't want to wait for an offer. For most folks, I think resale would be the way to go.

 

[RobDoc]

In spite of the original policy of DVC, apparently they are now willing to buy back contracts at $55 per point. I'm sure they have few takers - since resale will almost always find a higher selling price.

Here is a recent thread discussing this same topic:
http://www.disboards.com/showthread.php?t=1114746