New $500 Resale DVC Transfer Fee

[airjay75]

https://disneyvacationclub.disney.go.com/faq/reselling/information-required

Just sharing because I saw it on a DVC-related FB page and I don't recall reading this anywhere on these boards. Another fee to make resale less attractive over direct points. Will be interesting to see if brokers default to this being paid by the seller or the buyer. And, also interesting to see whether they continue the fast transfers we've seen this past month or revert to the slow transfer process, but now with a $500 fee.

 

[DoubleBaconBLT]

Yikes! That's huge on smaller contracts!

Out of curiosity, is there anything preventing them from charging $5000, or $50,000? What are the chances that this gets challenged in some way?

 

[airjay75]

Yikes! That's huge on smaller contracts!

Out of curiosity, is there anything preventing them from charging $5000, or $50,000? What are the chances that this gets challenged in some way?

I had the same thought on smaller contracts. Not sure if anything limits them on such a charge other than general legal principles on a reasonable charge for your costs. Maybe there is something in the POS or applicable timeshare laws.

 

[Smushy8]

I’m new and just saw this. Is this new? What about contracts that are in the process?

 

[intamin]

View attachment 1028488
https://disneyvacationclub.disney.go.com/faq/reselling/information-required

Just sharing because I saw it on a DVC-related FB page and I don't recall reading this anywhere on these boards. Another fee to make resale less attractive over direct points. Will be interesting to see if brokers default to this being paid by the seller or the buyer. And, also interesting to see whether they continue the fast transfers we've seen this past month or revert to the slow transfer process, but now with a $500 fee.

Woof. Thank goodness my resale days are behind me I wonder if they'll start adding this as a point of negotiation between seller/buyer.

 

[Sandisw]

Well, that’s interesting. It’s also one of the reasons why I check the website for updates to documents and rules because they don’t notify owners for everything directly.

You need to keep an eye on things! This definitely will add to the cost but just like everything else, it will become negotiated.

 

[Cfabar1]

What do they currently charge? I guess it is a 0.

I think likely it will just drive resale prices a little lower... Especially small contracts... where between higher closing costs and now this fee, much of the cash savings may be erased.

 

[Hubalorian]

Happy to have my trade of AKV for CCV contract completed!

 

[Sandisw]

What do they currently charge? I guess it is a 0.

I think likely it will just drive resale prices a little lower... Especially small contracts... where between higher closing costs and now this fee, much of the cash savings may be erased.

Yes, there is no fee to process the transfer right now.

 

[gvel]

This is huge. Specially for contracts under 100 points. I think this will effectively kill the market for VB and HHI. They are just trying to find creative ways to narrow the gap between resale and direct.

 

[Genie+]

The link in the first post somehow got crossed with dvcfieldguide?

The DVC link: https://disneyvacationclub.disney.go.com/faq/reselling/information-required

Wow that’s especially painful to smaller/cheaper contracts.

 

[airjay75]

The link in the first post somehow got crossed with dvcfieldguide?

The DVC link: https://disneyvacationclub.disney.go.com/faq/reselling/information-required

Wow that’s especially painful to smaller/cheaper contracts.

I have no idea how that happened. I linked that earlier in a different thread. I think I have it fixed now.

 

[gvel]

Yes, there is no fee to process the transfer right now.

About the timing. Does it mean you must close before January 1st or be under contract?

 

[airjay75]

About the timing. Does it mean you must close before January 1st or be under contract?

I would presume it means exactly what it says - for closings on or after 1/1/2026, $500 will have to be paid to transfer the contract. So, if you close before then, I don’t think it would have to be paid.

 

[Cfabar1]

Though I am sure there will be a stock answer I hope someone (or a few people) raise this issue in the meetings in December.

 

[Sandisw]

I just checked and no changes to the HRR document.

But, I can’t seem to find under the FAQ anything about rentals any longer.

Maybe I’m missing it? Or not looking in the correct place.

 

[Sandisw]

Though I am sure there will be a stock answer I hope someone (or a few people) raise this issue in the meetings in December.

You have to wonder if this is why they have processed faster. They are going to add more staff to do it and charge buyers for the extra.

It will be interesting to see if it comes up.

 

[gvel]

I would presume it means exactly what it says - for closings on or after 1/1/2026, $500 will have to be paid to transfer the contract. So, if you close before then, I don’t think it would have to be paid.

So due to ROFR there is no real way to avoid this with a new resale contract at this point.

Initially I didn't think much of it, but now I'm upset. This is a ridiculous and bogus punitive fee. Also, the amount. They went from $0-$500. That is substantial for something that should already be covered on the back end by dues through member services. Will this new revenue be used to better fund member services or maybe reduce dues? ... I already know the answer to these questions but I'm just venting.

 

[Smushy8]

I’m just wondering how this is worked into the contract. Mine is in the ROFR process now. Doubt it’s going to close by then, so are we gonna have to adjust the contract? An addendum?

 

[airjay75]

You have to wonder if this is why they have processed faster. They are going to add more staff to do it and charge buyers for the extra.

It will be interesting to see if it comes up.

Yeah, if that is their explanation and they are actually going to continue to process transfers much more quickly than before, I guess I could see the justification. Now, if they revert to their prior ways of 4 weeks or so to complete the transfer, then this feels quite punitive.