So, You're thinking about joining the Disney Vacation Club?

Discussion in 'DVC-Mousecellaneous' started by The DVC Moderators, Aug 5, 2015.

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  1. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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  2. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    Introduction to DVC

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    On October 1, 1991, the “Disney Vacation Club Resort” opened at Walt Disney World. This resort, themed as iconic Key West, FL afforded guests access to a different on-site resort experience at Walt Disney World.

    Early members purchased ownership in “The Disney Vacation Club” with no assurance that additional resorts would be built. “The Disney Vacation Club” was a timeshare property with the ‘Disney Difference’.

    Shortly after Disney’s second DVC resort opened in Vero Beach, Florida on October 1, 1995 , “The Disney Vacation Club Resort” was renamed Disney’s Old Key West Resort to tie the identity of that first DVC Resort with its unique theming.

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    There are now nine DVC Resorts at Walt Disney World and four other Resorts found at Vero Beach (FL), Hilton Head Island (SC), Anaheim (CA), and Ko ‘Olina (HI).

    The most recent addition to the Disney Vacation Club is Polynesian Villas and Bungalows at Walt Disney World. Under construction at this time is a second DVC addition to Disney’s Wilderness Lodge, also at Walt Disney World.

    DVC is one of the many divisions of the parent Disney company. All DVC Resorts have been developed and sold by 'Disney Vacation Development' (DVD) and 'Disney Vacation Club Management Corporation' (DVCMC) is the managing entity for each and every DVC Resort.

    Owners at each DVC Resort do have the right to replace DVCMC as management, but that would be an extremely cumbersome process with the outcome (if successful) meaning that the new management team would need to contract for all services being provided by DVC/Disney. This would include Housekeeping, Maintenance, Transportation, Reservation services, Landscaping and all other aspects of maintaining the resort and services for the member/owners. The removal of DVCMC as management for any individual resort would also mean that resort would be removed from the DIsney Vacation Club and the ability for those members to freely reserve at other DVC resorts.


     
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  4. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    What is The Disney Vacation Club - DVC?

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    DVC is a ‘Vacation Ownership Plan’

    The Disney Vacation Club is a ‘Vacation Ownership Plan’ where those purchasing an ‘ownership interest’ in the condominium automatically belong to the ‘Club’. Many people are familiar with traditional Timeshare Resorts, where owners purchase the right to use an accommodation at that resort for a specific period of time each year.

    Under DVC’s points-based system, for a one-time purchase price, members purchase a fractional portion of a 'Unit' consisting of a building or a number of villas within a building at a specific DVC Resort. That 'ownership interest' is expressed as a specific number of DVC points representing their ownership interest for use each year. They will receive the same allotment of points each year for use until their contract expires. The annual renewal of these points is made at the beginning of the owner's Use Year.

    Based on availability, these points may be used for reservations at any time of year, in a selection of villas found at each DVC Resort or even at a selection of Resorts located around the world as well as Disney Cruise Line and Adventures by Disney options. This flexibility is one of the keystones of the DVC program.

    "Timeshare"?

    Although the Disney Vacation Club minimizes the use of "Timeshare" in it's marketing, it is actually a "condominium“. In fact the legal name is "Disney Vacation Club Condominium Association, Inc" and is corporately described as a not-for-profit corporation with the responsibility for operation of Disney Vacation Club at Walt Disney World. The 'Association' in turn has engaged "Disney Vacation Club Management Corp" (DVCMC) as the management company for the DVC properties.

    DVC’s promotional materials include the following disclaimer in some form:

    THIS PUBLIC OFFERING STATEMENT CONTAINS IMPORTANT MATTERS TO BE CONSIDERED IN ACQUIRING AN INTEREST IN A VACATION OWNERSHIP PLAN.

    UNITS IN THIS CONDOMINIUM ARE SUBJECT TO A VACATION OWNERSHIP PLAN UNDER FLORIDA LAW.

    Ownership Interests are deeded interests in real property. For DVC Resorts located in Florida, Ownership interests are “time-share estates” within the meaning defined in Section 721.07(5)(28), Florida Statutes and Sections 721.57, Florida Statutes.

     
  5. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    Disney Vacation Club Costs

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    What does it cost to join DVC?

    When you join the Disney Vacation Club, you purchase an ownership interest which is expressed as a specific number of “vacation points.” Currently, the cost per point to purchase from Disney Vacation Development is $171 per point for Aulani and Polynesian Villas & Bungalows but will vary depending on the Resort you are considering. Current pricing for purchases made directly through Disney ranges from $110 - $180 per point depending on the Resort.

    Disney requires new members to buy a minimum number of points. Initially the minimum purchase was 230 points, but that number has been lowered numerous times over the years. The current minimum purchase for most resorts is 100 points so, if you wanted to purchase a contract for Bay Lake Tower at $180 per point, the cost would be $18,000. At times, DVC may offer incentives that will lower the cost per point and the price may be even less if you purchase an existing contract from DVC Member via resale where there is no minimum purchase requirement. Thus, if a smaller contract is available via resale it may be worthwhile to consider using that option.

    If you purchase through Disney where financing will be necessary, a down payment of at least 10% will be required for a loan of up to ten years. Based on Credit Rating current finance rates range begin at 9%.

    Current DVC Price per Point for direct purchases:


    $110 – HHI, VB

    $140 – OKW, SSR

    $160 – AKV, BCV, BWV, VWL

    $171 – AUL, PVB

    $180 – BLT, VGC, VGF



    When you finance through Disney, your purchase of an ownership interest is considered real estate for tax-reporting purposes. Disney will provide a 1098 statement at the end of the year, and the interest you pay and even the property taxes paid as part of your maintenance fees could be deductible based on your tax situation.


    History of DVC Direct Sales pricing– A record of the price per point that DVC has charged over the years not including any incentives available at the time.

    Pre-sales - $48
    October, 1991 - $51
    July, 1992 - $54.50
    November, 1992 - $56
    July, 1993 - $57.50
    June, 1994 - $60.50
    November, 1994 - $61.50
    July, 1995 - $62.75
    January, 1999 - $65
    May, 2000 - $67
    January, 2001 - $72
    June, 2001 - $75
    June, 2002 - $80
    December, 2002 - $84
    August, 2003 - $89
    April, 2004 - $95
    June, 2005 - $98
    February, 2007 - $101
    June, 2007 - $104 (AKV, SSR)
    September, 2008 - $112 (BLT)
    January, 2009 - $112 (AKV)
    March, 2009 - $112 (VGC)
    October, 2009 - $120 (BLT)
    July, 2010 - $120 (AKV, VGC), $95 (SSR)
    October, 2010 - $120 (BLT, AKV), $114 (AUL)
    November, 2010 - $120 (AUL, BLT, AKV)
    December, 2010 - $130 (BLT)
    June, 2011 - $140 (BLT)
    August, 2011 - $150 (BLT), $130 (VGC)
    December, 2011 - $135 (AUL)
    January, 2012 - $155 (BLT), $125 (AKV)
    April, 2012 - $160 (BLT), $130 (AKV)
    July, 2012 - $165 (BLT), $135 (AKV, AUL)
    December, 2012 - $140 (AKV, AUL)
    March, 2013 - $165 (BLT), $145 (AKV, AUL)
    May, 2013 - $145 (VGF)
    June, 2013 - $150 (VGF, AKV, AUL)
    February, 2014 - $165 (BLT, VGC), $155 (VGF, AKV, AUL)
    June, 2014 - $ 165 (VGF), $160 (AUL)
    January, 2015 - $160 (PVB)
    February, 2015 - $170 (BLT), $165 (PVB, VGF, AUL)
    December, 2015 - $168 (PVB, AUL)
    February, 2016 - $180 (BLT, VGC, VGF), $160 (AKV, BCV, BWV, VWL), $140 (OKW, SSR)
    May, 2016 - $171 (PVB, AUL)
    January 18, 2017 - $175 (PVB, AUL)

    There are also additional costs associated with purchase. These include closing costs, title insurance, etc. After purchase, associated fees for DVC Membership are annual maintenance fees (either paid as a lump sum in January for the calendar year or split evenly over 12 months with no financing fee) and any fees associated with optional programs like exchanges outside of DVC Resorts.
     
  6. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    How many DVC points will I need?

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    How many points will I need to buy?

    The number of points required to book a room varies by resort, type of villa, time of year, and in some cases room view. The number of points you will personally need will be determined by the point costs for your desired accommodations and the number of times each year you choose to stay at a DVC Resort - as well as your personal budget. Many DVC Members have begun with a small number of points and later purchased additional contracts (called add-ons) after they discover what will best meet their needs as time goes on.

    You can get an idea of how many points would be needed for specific dates, Resorts and villa types by reviewing the current DVC Point Charts.


    Buying additional points later?

    Many DVC members begin with the purchase of a contract and discover they would like more points, so they add additional points later. Add-on points will be in the form of another contract and may be included with the original membership with the same Use Year (and identical deeded title even for a different DVC Resort) or as a separate membership, including a different Use Year and the same or even a different Resort.

    Additional points may be purchased from Disney or via the resale market. The minimum add-on contract available through DVC is 25 points for cash purchases or 50 points for those wanting Disney financing. Purchases may be for any number of points as long as it meets the minimum purchase requirement. Resale contracts are available only with the number of points in the original contract as DVC contracts cannot be broken up into smaller amounts. Resale listings may range in size from 25 points (the minimum for any contract) to hundreds of points in a single contract.


    What if I decide to sell some of my points?

    DVC contracts consist of a specific number of points at a specific resort with a specific Use Year. Members are unable modify any aspect of their contract. You can only sell a contract in its entirety.

    When purchasing from Disney, it may be worthwhile to divide the total number of points desired into smaller contracts. Having multiple contracts in a Membership does not affect making reservations in any way, but it could make a difference should selling a contract later be of interest.


    My DVC Guide told me that the number of points needed to stay at my DVC Resort will never change.

    Once declared into the legal documents for each resort, DVC cannot change the total number of points for a resort without adding additional inventory at the resort.

    DVC has the responsibility to try to maintain occupancy rates at each DVC Resort year-round. While the total number of points sold at the resort is a fixed number and cannot be changed, point needs for individual nights can be changed in order to level out occupancy rates.

    They are allowed to accomplish this by reallocating points based on time of the year (Point Seasons), villa type, weeknights/weekends, and even view. Originally, weekend nights were about double the point cost of weekday nights and it resulted in many Members reserving Sunday – Thursday nights leaving weekends under-occupied at least be DVC Members.

    DVC can make adjustments to the point chart for a resort to better reflect member use and demand. Reallocation is the process used to raise the point requirements at a resort for the one or more of the above reasons while lowering the points for another category at the same resort. The total number of points at a resort does not and cannot be changed. If any night or group of nights is raised, other nights/groups MUST be lowered to keep the total number of points in balance for each resort.

    Historically, points have been reallocated several times at DVC Resorts. The first was in 1996 and only for Old Key West. The change to the point charts was announced in late 1994 and took effect on January 1, 1996. In that reallocation some weekend night point requirements were lowered and some weekday nights raised. It did affect those who had purchased a specific number of points to use only for week nights since they now found that they needed more points to maintain their same travel plans.

    Reallocation has occurred a few other times over the years, sometimes affecting all DVC resorts and sometimes affecting just a specific resort or resorts.

    Reallocation is not a frequent event but is something every DVC member should be aware of as a possibility.


    GUARANTEED WEEK OPTION

    With the traditional timeshare model, buyers purchased a specific week in a specific room/villa/condo for use at the same time each year. Those weeks were designated by counting the first Friday, Saturday or Sunday in each calendar year as 'Week 1' and each subsequent Friday/Saturday/Sunday would continue the numbering system. The actual dates would vary by a few days each year, but the owner would always have 'Week 1' or 'Week 35' automatically reserved for their use each year.

    Recognizing that many DVC Members do enjoy returning for the same week each year, DVC has now begun allowing purchasers to guarantee a reservation each year at select Home Resorts for a specific week, in a specific villa type and view for the duration of their DVC ownership. The week, villa type and view are selected at the time of purchase and are also expressed as a specific number of points. Owners of these ‘Guaranteed Weeks' can opt to give up their 'Guaranteed Week' and use the points gained by releasing that week for other DVC options.

    A ‘Guaranteed Week’ consists of seven nights arriving on a Sunday and departing the following Sunday. As in the traditional timeshare model described earlier, DVC's ‘Guaranteed Weeks’ are numbered from 1 to 52 and correspond to the Sundays in the calendar year. The actual dates for these 'Guaranteed Weeks' may mean that Holidays may not be included some years as the actual date may fall outside of the specific date for July 4th, Easter, Christmas, etc.

    There is additional cost to purchase a ‘Guaranteed Week’ but these weeks are exempt from any reallocation of points at the resort.

    This purchase option is currently available only at Disney’s Aulani Resort & Spa, Disney’s Villas at the Grand Floridian, and at Disney’s Polynesian Villas and Bungalows.
     
  7. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    Other expenses after purchasing DVC?
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    What other expenses are there after the initial purchase price?

    Aside from the initial (and one-time) purchase cost, DVC members must pay Annual Maintenance Fees. Maintenance fees are assessed on a per-point basis and will vary at each resort to cover the actual expenses to operate, maintain and provide services at that resort.

    These annual fees cover all operating expenses (Front Desk, housekeeping, maintenance, transportation, landscaping, utilities, insurance), administrative expenses (Member Services, member mailings), real estate taxes and the cost to update and maintain the interior, exterior, and common areas of the resort.

    You can choose to pay your dues annually in January each year or spread payments out in twelve monthly payments with no finance charge as an auto-debit from a US based checking account. Maintenance Fees cover each calendar year, without regard to Use Year. They are pro-rated for purchases direct from Disney (if you purchase on June 30, you will pay 6 months of Maintenance Fees for that calendar year and then a full year of Fees for the next calendar year).

    Maintenance Fees vary by resort and historically have increased 2-4% per year. Fees cannot be raised more than 15% without approval by vote of the owners (which has never been necessary). Current fees are shown below as a per point dollar amount.

    2016 Maintenance Fees per point by Resort:

    Animal Kingdom Villas - $6.4152

    Aulani Resort & Spa - $6.7913

    Beach Club Villas - $6.1277

    Bay Lake Tower - $5.2830

    Boardwalk Villas - $6.1753

    Hilton Head - $6.8153

    Old Key West - $6.0107

    Polynesian Villas & Bungalows - $6.0937

    Saratoga Springs Resort - $5.4391

    Vero Beach - $8.0846

    Villas at Grand Californian - $5.3730

    Villas at Grand Floridian - $5.7119

    Villas at Wilderness Lodge - $6.2152


    A History of DVC Maintenance Fees - http://www.disboards.com/threads/dvc-resource-center.3501933/#post-55557126
     
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  8. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    Making a DVC Resort Reservation

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    WILL I BE ABLE TO MAKE A RESERVATION WHEN I WANT TO GO?

    With a few exceptions, members will have little difficulty reserving villas at their Home Resort 11 months in advance. There are certainly some limited views and Resorts with a limited number of unique villas where the thousands of member/owners will need to compete to reserve the five or six unique villas for the same date but beyond those few exceptions, making reservations using the 11 month Home Resort Reservation Priority will be successful. All DVC reservations are based on availability.

    Making reservations at non-Home Resorts 7 months before your arrival date is also very possible, but DVC Members may find limited success based on date, villa type and view. The earlier you can make your travel plans, the better off you will be. While there are times when Members will have success a few weeks before their arrival date that will be the exception, so flexibility in dates, Resort and villa will improve the rate of success.

    There are a few very popular times of the year for DVC Members, including the first two week of December each year when Christmas decorations and programs are all in full swing and the DVC Member Annual Meeting is held each year during this time. Point costs are also lowest at this time. In the fall each year, the Epcot Resorts are also very popular during the Epcot Food & Wine Festival. Mid-January hosts the Disney Marathon and DVC resorts are very popular during that low point cost time also.

    There are also some specific villa types that tend to reserve quickly due to their low point costs (Value Villas at DVC Resorts offering that category are an example).

    Many DVC Members will reserve at their home resort during their home resort priority period, and then to try to change the reservation to the desired resort at the seven-month mark. This plan will at least provide a safety net for the desired travel dates.

    The larger resorts like SSR, OKW and AKV will generally be the last to fill up and will often still have availability after other Resorts have none remaining.

    Studios are typically the first to be gone from available inventory, followed by 2 bedroom villas, and then 1 bedroom villas. However, due to the volatility of the DVC Reservation system, villas that were not available today may become available tomorrow, so it never hurts to check online.

    DVC also offers a waitlist option where members are placed on a list to fill specific dates if/when they open up. Some members will also check daily for these same specific days needed to fill a desired reservation. Others will end up with reservations at multiple resorts for their desired dates. The negative with that strategy is the need to move out of one villa and check into another. DVC will assist with luggage transport for those situations.
     
  9. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    How can I take a DVC tour?

    At Walt Disney World or Disneyland, all Disney Resorts and Theme Parks have DVC kiosks where you can schedule a tour at the DVC sales center. DVC will even provide free transportation to and from the Preview Center.

    DVC Preview Centers may be found at Disney’s Saratoga Springs Resort & Spa in Walt Disney World, and between the Disneyland Hotel and Disney’s Paradise Pier Hotel at Disneyland. Preview Centers are also found at Aulani, HI, Tokyo and even on Disney Cruise Line ships.

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    Disney Vacation Club Preview Center at Saratoga Springs Resort & Spa

    You will meet with a DVC Guide , who will offer a detailed look at the DVC program and accompany you on a tour of the full-size replicas of the villas for the resorts that DVC is currently marketing.


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    DVC Guide at Disneyland Resort Preview Center


    The DVC tour is not a high pressure presentation and you won’t be pushed to make an immediate purchase decision as with most other timeshare presentations.

    The DVC presentation will occupy a couple hours of your time for the presentation and tour. Children are welcome and DVC provides a child center while adults are touring.
     
  10. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    What types of villas are found in DVC Resorts?

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    DVC Resorts offer Studio Villas that are similar in size to Disney’s Deluxe hotel rooms. Studios have a queen bed and either a queen sleep-sofa or a 2nd Queen bed and include a mini-fridge and microwave. They range in size from 316 sq. ft. for a value Studio at Disney’s Animal Kingdom Villas up to 455 sq. ft. for a Studio at Disney’s Hilton Head Island Resort. All DVC Resorts offer Studio accommodations with a patio or balcony. While there are no washer/dryers in the Studio villas, they are located nearby for use at no cost.

    1 Bedroom Villas are found at all DVC Resorts - except Disney Polynesian Villas & Bungalows (PVB). They range in size from 629 sq. ft to 1005 sq. ft. and include a King Bed in the Bedroom, Queen sleep-sofa and a twin sleeper chair in the living room. 1 Bedrooms also offer well-equipped full kitchens with refrigerator, oven, stove, dishwasher, washer and dryer. The bedroom includes a whirlpool tub, sink, toilet and shower. The 1BR Villas at a few DVC Resorts (AKV, BLT and VGC) have a second bathroom. All 1BR villas have an exterior patio or balcony.

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    Two Bedroom villas are available at all DVC Resorts. Ranging in size from 945 sq. ft. to 1410 sq. ft., most 2BRs are basicially a combination of a Studio and One Bedroom villa. Some are ‘lock-off’ 2BR villas, which may be separated by locking the connecting door between a 1BR and adjacent Studio or used as a 2BR by unlocking the connecting door. Each lock-off component has an exterior door plus the interior connecting door. Dedicated 2BR Villas will have one exterior entrance and no patio/balcony or kitchenette in the 2nd Bedroom. At PVB, the 2BR villas are bungalows located on the Seven Seas Lagoon and accessed by a dock structure. They have a King Bed in the Master Bedroom, a Queen bed in the other bedroom, plus a queen sleep sofa and pull down bunk sized beds in the living room. They will accommodate up to 8 guests.

    Grand Villas are not available at all DVC Resorts. These are 3 Bedroom villas ranging in size from 2044 sq. ft. at BLT up to 2800 sq.ft. at VGF. Accommodating up to twelve guests, GVs have a varied configuration with some on a single floor but most having two floors. All Grand Villas (and Beach Cottages) match the amenities found in 1 and 2 Bedroom Villas. At Vero Beach the GVs are in the form of Beach Cottages with panoramic views of the Atlantic Ocean. Grand Villas are not available at VWL, BCV or PVB.

    SSR has two full sized Grand Villas in each of the 18 buildings in addition to 3 Bedroom Treehouse Villas. The Treehouse Villas sleep 9 guests with two Queen beds in each of two bedrooms, a bunkbed in the third bedroom, plus a Queen sleep sofa and Twin sleeper chair in the living room. Elevated 10 feet off the ground, the 3-bedroom Treehouse Villas offer fully equipped kitchens, flat-screen TVs, private decks, driveways and charcoal grills. There are 60 Treehouse Villas with a size of 1074 sq. ft. . Water taxis provide transportation to/from nearby Disney Springs from the Treehouse Villas.

    For more detailed information about specific villa types in each DVC Resort, please see our DVC Resource Center - Disney Vacation Club Resorts.
     
  11. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    How Long Does DVC ownership last?

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    While many traditional timeshares are based on traditional land deeds (as with common home ownership), Disney Vacation Club ownership is tied to a land-lease contract with the owner of the land where each resort is located. Member Owners do have deeded ownership of a portion of a ‘Unit’ (which can consist of a building or group of villas within the resort) but do not own the land itself at any DVC Resort.

    Each resort has an expiration date to coincide with the land lease which is typically about 50 years from the Resort opening. The original DVC Resorts (OKW, VB, HH, BWV, VWL, and BCV) all had the expiration date of January 31, 2042 without regard to their opening date.

    In 2007, DVC voted to extend the ground lease at OKW for an additional 15 years until January 31, 2057. DVC offered to extend the contract expiration to all OKW owners at that time for $25 per point. For a limited time, the offer was even reduced to $15 per point. To date, DVC has not offered a contract extension for any other DVC resorts.


    Expiration dates for DVC Resorts:

    OKW - January 31, 2042

    VB - January 31, 2042

    HH - January 31, 2042

    BWV - January 31, 2042

    VWL - January 31, 2042

    BCV - January 31, 2042

    SSR - January 31, 2054

    OKW Extended - January 31, 2057

    AKV - January 31, 2057

    BLT - January 31, 2060

    VGC - January 31, 2060

    AUL - January 31, 2062

    VGF - January 31, 2064

    PVB - January 31, 2066
     
  12. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    What if I want to sell my DVC?
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    DVC owners may sell their contract(s) just as homeowners may sell their home. DVC owners could find their own buyer or choose to work with one of many timeshare resale brokers.

    Unlike most Timeshares, DVC resort contracts do attract a lot of interest and historically have maintained their value over the first 25 years of Disney Vacation Club. Many DVC owners have been able to sell their ownership for more than they originally paid years ago.

    DVC itself will NOT assist a member in the sale of their ownership and may even refer members to a specific resale broker. Brokers may charge a commission in the 8-10% range for their services which includes marketing your contract to find a buyer and assisting with all details of the sale. These details include submitting the accepted offer to Disney for Right-of-First-Refusal (ROFR) as well as working with the closing company to complete the sale. Under ROFR, Disney must be given the opportunity to purchase a contract from a Member at the same terms already accepted. Should DVC exercise that right, the seller still receives the same agreed-upon amount but the buyer (after any deposit has been returned) will need to begin the process again from the beginning.

    Owners may try to sell their contract themselves but most buyers find a great advantage in working through the process with a knowledgeable broker especially since Right-of-First-Refusal provides a sort of floor for pricing and in most cases buyers may not benefit from sellers willing to lower their price to save the cost of the commission, especially if Disney chooses to exercise its Right-of-First-Refusal.
     
  13. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

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    MEMBER EXTRAS
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    The Disney Vacation Club offers certain Perks, Discounts and Events to its Members. These are not guaranteed entitlements and they are often added, removed, or modified as decided by DVC. Many are negotiated with other Disney divisions, stores, restaurants, and Parks. Some have no cost to DVC Members as they are considered incentives provided by the developer (DVD) or merchant and some do come with a cost to those who choose to take advantage of the offering.

    For years, these ‘extras’ were offered to all DVC Members. Free Valet Parking was offered to DVC Members staying at or visiting BWV, BCV and VWL. Many discounts at WDW restaurants and stores have been offered and changed but do still exist for DVC Members. DVC Member events (Merry Mixers during the Holiday Season, Member lounges at Theme Parks, Member discounts for Disney Broadway shows and Member Previews of new Theme Park attractions) have all been offered to DVC Members over the years. Also part of the 'extras' are the ability to make reservations for non-DVC options, like the Disney Cruise Line, Concierge Collection and Adventurer's Collection.

    In March, 2011, DVC began limiting 'Extras' only to those who purchase their membership directly from Disney. Resale purchases after this date were no longer allowed to use those points for The Disney Collection (Disney Cruise Line, non-DVC Disney Resorts, Concierge Collection and Adventurer's Collection). In April, 2016, DVC further limited non-direct (resale) purchases by restricting access of those members to other 'Extras' (benefits) including Member Discounts, Member Previews. DVC points purchased by resale after April, 2016 may still be used to make reservations at Home and non-Home DVC Resorts and may be used for World Passport exchanges to RCI Resorts but are not eligible for other 'Member Extras'.

    Ownership at a DVC resort does NOT come with any of these additional benefits as it includes ONLY the ability to make reservations at DVC Resorts using DVC Points – and nothing more. All other reservation options can also be changed, removed or added to but they are not guaranteed and are NOT a component of DVC ownership or membership just as with member discounts and extra events.

    Those considering a new purchase will need to decide if the value of these ‘Extras’ is worth the additional expense of a purchase direct from Disney.

    Currently, there is an extensive list of these ‘Extras’ available on the DVC Member website and includes the following (this is only a partial list):


    25th Anniversary Earth Day Tree-Planting Ceremonies

    Location: Walt Disney World Resort in Florida, Disney's Vero Beach Resort, Disney's Hilton Head Island Resort

    Benefit Type: Member Experience

    Coming Soon: Member Lounge at Epcot

    Location: Walt Disney World Resort in Florida, Imagination! Pavilion in Future World at Epcot

    Benefit Type: Member Event, Member Experiences

    Disney Vacation Club Independence Day Dessert Party

    Location: Disney's Contemporary Resort

    Benefit Type: Member Event

    Exclusive Competition: Largemouth Bass Tournament

    Location: Walt Disney World Resort in Florida

    Benefit Type: Member Event

    Fireworks Cruise Near Magic Kingdom Park

    Location: Disney's Contemporary Resort Marina

    Benefit Type: Member Event

    Merry Member Mixers 2016

    Location: Walt Disney World Resort in Florida

    Benefit Type: Member Event, Complimentary

    Mother's Day Brunch

    Location: Disney's Contemporary Resort

    Benefit Type: Member Experience

    Disney Vacation Club Members and their guests are invited to a special brunch on May 8, 2016 honoring some of our favorite superheroes — mothers!

    Neighborhood Beach Bash

    Location: Disney's Typhoon Lagoon Water Park

    Benefit Type: Member Event


    Safari Spectacular at Disney's Animal Kingdom

    Location: Disney's Animal Kingdom Park

    Benefit Type: Member Event


    Splitsville Luxury Lanes™: Member Bowling Night

    Location: Walt Disney World Resort in Florida, Disney Springs West Side

    Benefit Type: Member Experiences


    Disney Vacation Club Jubilee Celebration

    Location: Grand Californian Hotel & Spa, Sequoia Ballroom

    Benefit Type: Member Event


    Fitness in the Park

    Location: Disney California Adventure Park

    Benefit Type: Member Event


    Neighborhood Power Walk for Members & Their Guests

    Location: Disney California Adventure Park

    Benefit Type: Member Event


    Royal Member Gathering at Disneyland Resort

    Location: Disneyland Resort in California

    Benefit Type: Member Experience


    Chef Demonstrations

    Location: Aulani, A Disney Resort & Spa in Hawaiʻi

    Benefit Type: Member Event


    Member Makaʻikaʻi Tour of Aulani

    Location: Aulani, A Disney Resort & Spa in Hawaiʻi

    Benefit Type: Member Event


    Special Spa Offerings at Disney's Vero Beach Resort

    Location: Disney's Vero Beach Resort

    Benefit Type: Recreation & Relaxation


    25 and Beyond Bash

    Location: Walt Disney World Resort in Florida

    Benefit Type: Member Event


    Sense of Africa: Save 15%

    Location: Walt Disney World Resort in Florida

    Benefit Type: Dining

    Sense of Africa: Save 15%


    La Nouba™by Cirque du Soleil®: Save on Tickets

    Location: Walt Disney World Resort in Florida, Disney Springs West Side

    Benefit Type: Tickets & Tours, Special Offer
     
  14. The DVC Moderators

    The DVC Moderators DVC Moderators Moderator

    Joined:
    Oct 26, 2011
    Messages:
    247
    Renting a DVC Resort reservation from a DVC Member

    DVC Point Rentals


    DVC members are expressly allowed to make reservations for others and offer those reservations for rent. The DVC Public Offering Statements for all DVC resorts include specific language allowing the rental of accommodations at DVC Resorts. DVC themselves make reservations using DVC points so allowing Members the same ability was made part of the documentation for all DVC Members.

    From a DVC Public Offering Statement delineating the allowance for Member rentals:
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    Anyone may rent a DVC Resort accommodation from a DVC Member.

    Two ways to have a reservation at a DVC Resort are:

    Make a reservation directly with Disney Reservation Center (DRC) just as you would reserve any other Disney resort hotel

    OR-

    Rent from a Disney Vacation Club (DVC) member.

    Available DVC inventory through DRC comes from Members through several avenues – inventory owned by Disney Vacation Club directly, inventory provided to DRC from DVC points used by members from non-DVC reservation options, and from DVC Breakage inventory for DVC villas not reserved by Members 60 days before arrival.

    Inventory from a DVC member is available when DVC Members offer to make reservations using points they will not be using themselves. There are a couple of ways to access DVC Members offering to make reservations for others – the DIS DVC Rent/Trade Board provides a ‘classified ad’ resource for DVC Members to offer DVC Resort rentals to others and Rental Brokers will make reservations for others using DVC Member points. It will typically cost less to rent from a DVC member than to book a DVC resort direct from Disney. Potential renters should always have an understanding what a reservation will cost when made through Disney directly before entering into a DVC rental.

    When you “rent points from a DVC Member”, the reservation will be in your name and you will check in at the regular Disney Resort arrival desk. You will be treated the same as every Disney Resort Guest and you will have access to almost all of the same amenities and perks afforded to each and every guest staying at a Disney Resort.

    If you do decide to rent points from an individual DVC member, there are a few things you should be aware of so that your rental is nothing less than a ‘magical’ experience.


    THE RISKS OF "RENTING POINTS"

    "Renting Points", as it is commonly referred to, is a misnomer. Only a DVC Member is able to use points from their account to make a reservation at a DVC resort. Non-members (and even other DVC Members) have no means to use points from a DVC Member's account. However, a DVC Member may make a reservation in someone else's name using points from his own account. DVC Members are also allowed to rent those reservation to another person. This is true for both rentals directly from a DVC Member or through a Rental Broker. In both rental options, a DVC Member is using his DVC points to make a reservation for another party. When working directly with a DVC Member, you will deal with the person making (and controlling) that reservation. With a Rental Broker, you will deal only with the Broker even though a Member is the one making the reservation in your name.


    Renting a reservation from a DVC Member is a little different than booking directly through Disney

    There are differences between renting from a Member or Broker and booking a hotel reservation with Disney. Potential renters should educate themselves on the process of renting points and perform due diligence prior to entering into any agreement to rent points.

    These rental transactions are a private transaction between individuals and Disney is not going to be involved in any way. If anything goes wrong or if you have questions about your reservation before arrival, Disney will not provide any assistance.

    There is some risk in these types of private transactions especially when dealing with someone you do not personally know.

    The risk is that someone else controls your reservation until you check in at the resort, even though it is in your name. It requires some trust that the DVC owner/member will honor your contract with them and remain a 'Member in Good Standing'. DVC Members must be current on mortgage payments and maintenance fees to be in 'Good Standing' which might cause DVC to cancel the reservation from their end.

    While cancellation of a rental reservation is a very rare occurrence on our DVC Rent/Trade Board it is something that should not be overlooked. We always suggest Due Diligence in getting to “know” the DVC Member via reviewing their posts on the DIS, direct correspondence with the Member, contacting prior references, conversing via phone and reviewing their ownership online. If a renter is comfortable with the DVC Member after exercising Due Diligence as described above, a transaction can be a very cost effective means to enjoy a Disney vacation at a DVC Resort.

    Renting through a DVC rental broker may reduce the risk of losing your money, as some offer full refunds if there is negligence on the part of the owner/member. Using a rental broker may reduce some risk, it does not completely eliminate the possibility and disappointment of arriving without a reservation in place at the resort.

    The risk involved is that there is a small chance that the member (with or without a rental broker) you are working with could cancel your reservation before arrival. While this has happened only a few times over the past 19 years using the DIS DVC Rent/Trade Board, it has happened. Most of those failed transactions may have been prevented by using DUE DILIGENCE prior to entering into the rental agreement.

    That said, reported instances of failed DVC rentals occurring are extremely rare, and the actual amount of risk is low. Tens of thousands of successful rental transactions have been completed over the years here on the DIS alone and the potential savings renting from a DVC Members can be substantial.

    If you are not comfortable accepting any risk then don’t rent a reservation from a DVC Member. Guests who want a risk-free choice should pay more to book directly with Disney rather than renting points. That peace of mind may be worth it to some.

    DVC Members have much less flexibility regarding reservations changes and cancellation with these rentals just due to the nature of the DVC program while Disney offers a very friendly cancellation policy compared to renting points. Cancellations and reservation changes could result in potential penalties or even the loss of points for DVC members so they will usually try to protect themselves with limited flexibility with regard to making reservations for others.

    With reservations made through DVC Members, all requests will need to go through the DVC Member. The Disney Dining Plan will need to be added through the DVC Member.

    “Free Dining” is not available through a DVC Member reservation as that program (offered occasionally with reservations made through Disney) requires a package including a full priced room reservation and also Theme Park admission.

    DVC Reservations can (and should) be verified using the www.MyDisneyReservation.com/DVC website.

    DVC Members (and their guests/renters) will NOT receive daily Housekeeping services. Housekeeping will be on the 4th day of your reservation and will include clean towels and trash removal for stays of 7 days or less –OR- a full cleaning (which includes clean linens, trash removal, replenishing of supplies) on day 4 and a partial clean on day 8 for stays of 8 days or longer. (Arrival day counts as Day 1). Additional housekeeping services may be ordered from the Resort at additional cost.

    DVC rental reservations are included in all WDW guest benefits like Disney’s Magical Express, Extra Magic Hours, Theme Park parking and the use of Disney transportation (busses, boats, monorails).



    HOW FAR IN ADVANCE SHOULD I LOOK FOR A RENTAL?

    DVC anticipates full occupancy year-round at its Resorts. DVC Members are able to reserve at their Home Resort 11 months before arrival and 7 months ahead for non-Home Resorts. We suggest making your reservation as early as you can. If you try to get a reservation less than 7 months in advance, your options may be limited as DVC Members have already had at least 4 months to make reservations at the resort. Reservations within 60 days of arrival can happen but the remaining DVC inventory is also available through DRC at 60 days which will limit reservation success. With most rental transactions, flexibility is not really an option (as with reservations made directly through Disney), so be sure your dates are firm before entering into any agreement.


    HOW MUCH WILL IT COST?

    When you rent from an individual DVC member, the price you pay might be negotiable but unless the dates are within a few months of the expiration of their points (these are referred to as "distressed" points) most owners may be willing to wait for someone able to work within their price structure.

    In many cases, the DVC Member is already motivated to rent their points by making a reservation for someone else. This is especially true if the points were banked from the prior year or if they are already beyond their banking deadline for the current year. For dates within 6 months, availability will be the greatest challenge, so negotiating over a few dollars is counter-productive for everyone as the reservation may not still be available tomorrow.

    It would be wise to already know what your dates, resort and villa type would cost if reserved through Disney directly and compare that to any risk involved after the 'Due Diligence' process.

    Use the DVC Point Charts to determine total point cost, based on room type, resort, and desired travel dates.



    THE DISboards DVC RENT/TRADE BOARD

    DISboards.com offers the “DVC Rent/Trade” Board which serves as a “classified ad” service where you can go if you wish to connect with individual DVC members to rent a reservation at a DVC Resort using a DVC Member's points. The DIS is NOT involved in the actual transactions between the parties involved, and has no control over the truth or accuracy of the listings or the abilities of the parties to complete the transactions, and cannot and will not be held responsible for same. The DIS will not intervene in any issues resulting from these private transactions. The DIS does not endorse anyone offering rentals, trades or transfers and all transactions should be viewed as “Buyer Beware”.

    Please review the ** How to use this Board**
    thread at the top of the Board before posting as there are suggestions included for both potential renters and DVC Members.


    USING A DVC RENTAL BROKER

    As a potential renter, using a DVC Rental Broker is another option. These services can simplify the rental process.

    The downside is that it may cost more than renting direct from a DVC member, since the services of the third party rental broker will be paid from the rental charges.


    WILL USING A RENTAL BROKER ELIMINATE ALL RISK?

    When using a rental broker, a potential renter can’t do any due diligence, since they will NOT know the name of owner making their reservation. You will work directly with the rental broker who will take care of everything for you. It’s almost like you’re using Disney Reservation Center and booking direct with Disney. Most rental brokers will refund money from a failed transaction and will also work hard to find suitable accommodations for their renters in the event of a rare failed reservation.

    Renting DVC points still involves some risk since a renter could find themselves without a reservation when they arrive at the resort. That risk is what creates the opportunity for great potential savings. If a renter wants more protection and stronger assurances, they can pay more and reserve directly with Disney who will offer greater flexibility regarding cancellation.

    A rental broker can offer some more protection assurance than a direct rental, but there are still risks – perhaps not losing your money, but of losing your reservation. Regardless, tens of thousands of successful rentals have been transacted using the DIS DVC Rent/Trade board and over the years with very, very few failed transactions.
     

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