Selling DVC?

[cgbsilver@hotmail.co]

I have a contract I would like to sell to a friend. Total Direct Sale. Does anyone know how I go about this??

 

[Jerry5788]

I have a contract I would like to sell to a friend. Total Direct Sale. Does anyone know how I go about this??

I think you would need to go through a closing agency no matter what you do?

But depending on the price Disney might exercise the ROFR. Perhaps there is a work around where you add them to your deed and then after you are replaced off your deed by their spouse/kids

Be curious to hear the answer!

 

[bwvBound]

The process of selling DVC w/out a broker isn't often discussed (or practiced) in these parts. Congrats on finding a buyer!

Here is a quote from a related thread in 2012. You can click on the link next to the author's name (Dean) for context.

Actually you don't need a title company, you really don't even need a closing company for this situation. All you need is to contact DVC and fill out the Transfer info and submit for ROFR. Then once you have that, you need a deed and to have both recorded. Then there's another form and a copy of the deed to DVC. It's illegal in all states I know of to put info that's not accurate as it relates to the sales agreement. They buyer will lose the qualified status of the points if they're a friend rather than family and needs to know that. If you're uncomfortable with doing the deed yourself, Timeshare transfers will do a deed, last I heard for $100. Timeshare traders will do the entire thing for $95 plus recording fees and postage. Getting title insurance in this situation would be unreasonable unless there were an impending divorce or bankruptcy type situation.

 

[bwvBound]

Another related thread, "Title Company Question?" from 2016.

I do hope you will update this thread with your experiences. Thanks in advance.

 

[cmwade77]

If they are a good friend, then I would simply add them to the deed (unless you need to get completely out of it for legal and/or tax reasons), perhaps you could even work out a sharing arrangement if you don't want to get out of it completely. Just a thought where you might still be able to benefit form the membership with a close friend. Otherwise, what has been posted above is sound advice.

 

[cgbsilver@hotmail.co]

Wao Thank you guys very much, this is full of good info. ç