New $500 Resale DVC Transfer Fee

[muppets3d]

I don’t like this fee, but also not concerned it’s a harbinger of DVC turning into the crappiest timeshares where not even death makes separation easy from the useless financial burden.

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$1.4 billion sold multiplied by 9.5% commission = $133 million dollars

That is just ONE broker! Big money floating around the product inside DVD’s sandbox. All this turnover was happening while DVD got goose egg $0. Now they get $500 a pop. Seems a rational decision.

DVC administration is funded by our dues, they don't get commissions. Not comparable at all.

 

[eticketplease]

I also think that many here who bemoan that "DVC is becoming just another timeshare" forget that DVC is just another timeshare. As much as we may love it, and I do, it really is just a timeshare. The primary differentiating thing between DVC and others is the proximity to the theme parks.

You have to remember everything likes to imitate things but I still don't think DVC is just another timeshare.

I believe DVC was the first to be points based and allowing flexibility of booking just one night in any size accommodation.
Now many timeshares offer points to stay at their properties and not constrained to staying in the unit size that was previously purchased.

Of course Disney also imated the others by offering Fixed Weeks later on and now this fee but even with these changes I still believe DVC is still the best timeshare option to own

 

[Chili327]

I don’t think it’s the actual $500 right now. It’s that the door has been opened to the slimy time share behavior. So now, something that was never even a concern when buying DVC, could possibly become a trust issue (there’s that goodwill ) for some people.

Yes, it's a closing cost for the buyer but my assumption is that it will eventually lower the prices sellers can achieve. I will certainly factor these higher closing costs into future purchases and it's not hard to do as the agent will give you an indication of the overall closing cost.

Yes, prices go up and down and there are no guarantees but in this case Disney unilaterally decided to take some money that would have ended up in the sellers' hands.

Agreed the ones that are purchasing direct most likely are not thinking of an exit strategy with what happens if I want/need to sell down the line so it's not affecting that market.

It does affect affect those that have discovered the secondary market with them having to pay an extra $500 for a contract now and possibly having to sell it for less in the future if that need or want arises however that $500 is still saving them thousands more when buying straight from Disney.

Yes, just one step closer to a regular time share that people have to pay a company to give away… That is the extreme, but DVC is certainly headed that direction. For now we’ll just keep enjoying the points we have.

 

[eticketplease]

DVC administration is funded by our dues, they don't get commissions. Not comparable at all.

@Genie+ was referring to the $500 that DVC was not receiving previously

 

[BeachClub2014]

You have to remember everything likes to imitate things but I still don't think DVC is just another timeshare.

I believe DVC was the first to be points based and allowing flexibility of booking just one night in any size accommodation.
Now many timeshares offer points to stay at their properties and not constrained to staying in the unit size that was previously purchased.

Of course Disney also imated the others by offering Fixed Weeks later on and now this fee but even with these changes I still believe DVC is still the best timeshare option to own

Agreed. I do think the Disney version of a timeshare is worth owning. We first bought back in 2000 and raised our kids at WDW over those years. Now we're going with the grandkids, and that's what it's all about for us.

I'm sure there's other "good" timeshares and certainly some "bad" ones. We've never seriously considered others.

I definitely haven't liked many of the evolutionary changes to Disney (parks, DVC, movies, ala carte costs, etc) over the last two and half decades, but enjoying the family time, especially as I age (hopefully gracefully) is what really matters most. To us.

 

[Littlelulu01]

My add on rationale over the years has been small contracts so that when I decide to downsize I can do it a little at a time. The new fee is a huge issue for this game plan. I am debating selling off all my small contracts right now. Throwing a $20 per point penalty on a 25 point contract was never an issue I had contemplated in the past. My understanding is that if the contracts get submitted to rofr by year end I can avoid the penalties?

 

[Annabell]

Considering selling my small contract too but not sure if it is feasible to complete by end of Dec this year. Don´t like this fee!

 

[eticketplease]

My add on rationale over the years has been small contracts so that when I decide to downsize I can do it a little at a time. The new fee is a huge issue for this game plan. I am debating selling off all my small contracts right now. Throwing a $20 per point penalty on a 25 point contract was never an issue I had contemplated in the past. My understanding is that if the contracts get submitted to rofr by year end I can avoid the penalties?

I would wait. Eventually no one will be talking about the $500 fee and it will just be part of the resale buying process just like how some brokers already charge an admin fee.

 

[muppets3d]

@Genie+ was referring to the $500 that DVC was not receiving previously

There's a lot of things that DVC doesn't receive. I guess I'm just unusual in that I don't agree with paying for things twice. My dues pay for DVC administration, why am I also expected to pay additional fees? How many times do I have to pay the same person's salary?

 

[Carouselofplanning]

DVC is hiring a software engineer. I bet it’s to handle all of the “system updates” when a contract changes ownership lol:

https://www.disneycareers.com/en/job/celebration/senior-software-engineer/391/87217161136

 

[mort1331]

13 years ago when my resales were bought for approx 13k each,,,add on another 1k would not have deterred me from buying. Just like the admin fee some resales charge over and above their commission fee.

 

[eticketplease]

There's a lot of things that DVC doesn't receive. I guess I'm just unusual in that I don't agree with paying for things twice. My dues pay for DVC administration, why am I also expected to pay additional fees? How many times do I have to pay the same person's salary?

Unless you are purchasing a resale contract after 12/31/2025 your not....

 

[eticketplease]

DVC is hiring a software engineer. I bet it’s to handle all of the “system updates” when a contract changes ownership lol:

https://www.disneycareers.com/en/job/celebration/senior-software-engineer/391/87217161136

Maybe they will switch up the 7 dwarves to something else when you try and book a reservation

 

[Littlelulu01]

Well an Aulani resale already has a much higher closing fee. Board sponsor lists at $1080 regardless of points on contract. Add the higher closing cost charges from state of Hawaii, a 9.5% commission fee for the broker, $150 estoppel and this new $500 junk fee and you are approaching if not exceeding direct on a small contract. The direct contact comes loaded, no restrictions, no dues on last year’s points, can safely opt out on the title insurance with direct too. This new regressive fee appears to me to be a nail in the coffin on small resale contract values.

 

[muppets3d]

Unless you are purchasing a resale contract after 12/31/2025 your not....

Well I may not be, but the DVC membership at large absolutely is. Costs are being recovered by our dues and this new $500 fee.

 

[Genie+]

Well I may not be, but the DVC membership at large absolutely is. Costs are being recovered by our dues and this new $500 fee.

Are all the associated costs of flipping a resale coming out of the 12% management fee in our membership dues?

My understanding of what makes this fee legal for DVD is that those expenses were not being covered from our dues… that DVD was absorbing this cost and have now decided to start charging for it come 1/1/26.

 

[muppets3d]

Are all the associated costs of flipping a resale coming out of the 12% management fee in our membership dues?

My understanding of what makes this fee legal for DVD is that those expenses were not being covered from our dues… that DVD was absorbing this cost and have now decided to start charging for it come 1/1/26.

Well if that's true, then someone should sue them so they have to prove that.

 

[Genie+]

Well if that's true, then someone should sue them so they have to prove that.

It can’t be me - I’m already $500 in the hole if/when I ever sell my 50pt BWV contract

 

[eticketplease]

Well an Aulani resale already has a much higher closing fee. Board sponsor lists at $1080 regardless of points on contract. Add the higher closing cost charges from state of Hawaii, a 9.5% commission fee for the broker, $150 estoppel and this new $500 junk fee and you are approaching if not exceeding direct on a small contract. The direct contact comes loaded, no restrictions, no dues on last year’s points, can safely opt out on the title insurance with direct too. This new regressive fee appears to me to be a nail in the coffin on small resale contract values.

You sold me!! No need to worry about those fees when I can buy it direct for over $5,000 more.

 

[Sandisw]

DVC administration is funded by our dues, they don't get commissions. Not comparable at all.

They are funded in part by our dues to cover property management and operations of the vacation plan.

There is nothing I can find yet that shows this is part of what we hire them to do already. So, until someone finds evidence to the contrary, this work is not covered in our dues.

Plus, this is a buyer closing cost. Meaning, those buyers are not yet “owners” for that deeded interest and therefore, contract most likely doesn’t yet apply.

They are also funded by DVD, by cash rentals, OTU point sales, and breakage above and beyond the 2.5% we get.