How would you do this?

[Kite16510]

I am a 60-year-old mom with two kids still living at home, my 25-year-old son who has autism and doesn't live on his own ever and my 21-year-old daughter who will probably move out in a year or so.

Other than my son Charlie and myself nobody else is really into Disney. I have always wanted to buy Disney vacation club. I am nearly at retirement age without a whole lot of retirement income. Is there anyway that somebody like me can buy into Disney vacation club in small ways at first and gradually build up to a point where it would be a annual vacation for my son and I. It does not have to be elaborate. I don't understand the ins and outs of it.

We love staying at The fort wilderness cabins which are now DVC but I don't understand really how it works. I was wondering if it's possible to just pick up cheaper resale contracts and add them all together to make something where overtime I'd be able to have something meaningful.

And what happens to DC when you die? Do you leave it to somebody, does your estate sell it, can somebody fill me in on what's missing?

Alternatively, if there's some kind of a tutorial on this, I would love to know.

Edited to add that I wouldn't be able to leave it to Charlie because it would throw off his services if he owned an interest. I might be able to put it in a trust, but I don't know if that's a possibility.

 

[intamin]

I am a 60-year-old mom with two kids still living at home, my 25-year-old son who has autism and doesn't live on his own ever and my 21-year-old daughter who will probably move out in a year or so.

Other than my son Charlie and myself nobody else is really into Disney. I have always wanted to buy Disney vacation club. I am nearly at retirement age without a whole lot of retirement income. Is there anyway that somebody like me can buy into Disney vacation club in small ways at first and gradually build up to a point where it would be a annual vacation for my son and I. It does not have to be elaborate. I don't understand the ins and outs of it.

We love staying at The fort wilderness cabins which are now DVC but I don't understand really how it works. I was wondering if it's possible to just pick up cheaper resale contracts and add them all together to make something where overtime I'd be able to have something meaningful.

And what happens to DC when you die? Do you leave it to somebody, does your estate sell it, can somebody fill me in on what's missing?

Alternatively, if there's some kind of a tutorial on this, I would love to know.

The easiest way to get your foot in the door is to buy resale if the large upfront cost is the barrier for you. You can piece together small resale contracts over time so you don't have to buy it all at once. Just make sure youre buying your contract with all the same use year. The downside with resale is it will limit which resorts you can book, unfortunately the Cabins at Fort Wilderness have resale restrictions on them so the only way to stay there is to buy a contract directly from Disney OR buy a resale contract at Fort Wilderness which can ONLY be used to books the cabins until the contract expires. I would advise against buying a resale Fort Wilderness contract just because there is only 1 room type and it has the highest dues on Disney World property. It's also a very new resort so the dues will likely be quite high by the end of the contract in approximately 50 years.

I'm not sure how attached you are to the cabins but if you're willing to stay at other DVC resorts instead I would recommend buying resale at one of the original 14 resorts. If you're going for value and low cost Saratoga Springs is probably your best bet.

Every DVC contract has an expiration date, it's not one of those in perpetuity timeshares that gets passed on that nobody wants because of dues because there is resale value. If you pass away and you're the sole owner I'm sure Disney will gladly take the points back because they can then sell it to someone else. I would recommend maybe listing your son as an owner since you mentioned he is interested in Disney.

 

[Wedgeout]

First I’d rent points for CFW (most likely cheaper than going through any Disney deal) and see budget wise if that is the way to experience DVC without owning. Buying resale locks you out of staying here unless commit to only buying resale there.

If like other DVC resort, find a resale that fits to your income and vacation time & start there. Can add on as feasible to same resort or diversify, remembering they each hold their own 11 month priority and multi- resort points don’t blend until 7 months.

I won’t get into deed stuff. Others will know more.

Other than that, the worst info for you is, unfortunately I feel you are currently at that fine line of: ‘DVC isn’t currently a good choice for you to own’.

 

[intamin]

First I’d rent points for CFW (most likely cheaper than going through any Disney deal) and see budget wise if that is the way to experience DVC without owning. Buying resale locks you out of staying here unless commit to only buying resale there.

If like other DVC resort, find a resale that fits to your income and vacation time & start there. Can add on as feasible to same resort or diversify, remembering they each hold their own 11 month priority and multi- resort points don’t blend until 7 months.

I won’t get into deed stuff. Others will know more.

Other than that, the worst info for you is, unfortunately I feel you are currently at that fine line of: ‘DVC isn’t currently a good choice for you to own’.

That's probably a better point, if funds really are that tight there's nothing wrong with renting points. It's not like buying resale you're going to get the benefits of buying direct anyways. Plus then you won't have to worry about passing anything down and you can basically get home resort priority anywhere you want as long as you plan ahead.