Submit A DVC Offer

Once you submit an offer to buy a DVC resale contract, we’ll reply to confirm that we’ve received your offer and it’s been reviewed, then we’ll contact the seller right away to let them know.  In the case of multiple offers on the same contract, we’ll let each buyer know and request the highest and best offer, giving you the opportunity to adjust your offer if you’d like.

Once the seller accepts an offer, a contract is drawn up for both buyer and seller to sign, at which time the buyer must send their escrow deposit to the title company.  The buyer’s escrow deposit is usually 10% of the agreed upon DVC contract price, with a minimum amount of $500.  If you are obtaining financing for your DVC resale purchase, it is highly recommended that you get approved for your financing prior to submitting an offer.  This will put you in the strongest position possible in case it is a multiple offer situation.  We’ll also have the title company provide an estimate of closing costs for you.

Once you’re under contract, the closing process takes about 60 to 90 days.  This timeframe is due to the requirement to send the contract to Disney Vacation Club to evaluate, as they have Right of First Refusal (ROFR).  Disney may take up to 30 days to evaluate the contract and determine if they would like to exercise ROFR and become the buyer at the price and terms that you and the seller agreed upon, or pass and allow you to move forward and close on the contract.  After Disney waives ROFR, they send an estoppel letter to the title company so that the closing documents can be drawn up.  Once you, the buyer, send your money for the purchase, and the closing documents are signed and returned by both you and the seller, the contract is closed.  At this time, the title transfer is communicated to Disney so they can transfer the membership to you.  This portion of the process takes about 2 weeks.  After Disney has set up your new DVC membership, they will mail you a letter with your DVC Membership number.  Congratulations…and Welcome Home!