Why should I buy DVC timeshare
through the Timeshare Store?
The reason is simple....SAVINGS. On average, our customers save $5 to $10 per point when buying a resale rather than purchasing directly from Disney Vacation Club. Also, the real estate interest (Membership) that you purchase through The Timeshare Store is exactly the same as if you purchased directly from DVC. You’ll even receive the same welcome package that includes your Member ID Card, Member Handbook and Vacation Planner.
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Will I receive the
same treatment as DVC members who purchase direct through Disney?
Absolutely. Our customers receive the same first
rate treatment as those members who purchased direct from
the Disney Vacation Club. You will even receive a
new members kit directly from Disney.
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How do I know how
many DVC points to purchase?
The answer to this question really depends on your personal
vacation habits. There are a number of options available
to you when you purchase an interest in the Disney Vacation
Club. Your points can be used at any DVC Resort (Old
Key West, Disney's Boardwalk Resort, Hilton Head Island, Vero Beach Resorts, Beach Club Villas, Villas at Wilderness Lodge and Saratoga Springs Resort). You can also use your points
for member getaways through Interval International, which
offers timeshare resorts all over the world. Disney
has recently added the Disney Cruise Line to the long list
of choices that DVC members have.
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Can I use my points to stay
at resorts other than Walt Disney World?
Yes. Your Disney Vacation Club Membership allows you great flexibility to enjoy resorts all over
the world. You can view the
DVC Point Calculator (provided by the Disney
Information Station) to anticipate how many points you
would use at different times of the year, and at different
DVC resorts. This is especially useful in helping
you determine how many points you may need to purchase.
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HOW LONG HAS THE TIMESHARE STORE BEEN IN BUSINESS?
The Timeshare Store sold its first DVC resale in 1994 and had two employees. Today, we have five full-time licensed real estate associates - Jerry, Jason, Jamie, Robert and Scot - and 4 administrative assistants - Leslie, Yamilin, Rose and Emily.
You will never “talk to a machine” when calling The Timeshare Store during business hours. We are open 7 days a week and pride ourselves in always being available to answer your questions and present offers.
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WHEN CAN I MAKE MY FIRST DVC RESERVATION?
About 7 days after closing. DVC enters you into the database as a DVC Member and you may begin making reservations by calling Member Services at 1-800-800-9800.
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WHAT DOES “USE YEAR” MEAN?
The use year is the month you receive your points each year. It has nothing to do with when you can make your reservations, however.
Example: If you have a June use year, you can call Member Services in February (or even earlier) to make a reservation for August. (You may book up to 11 months in advance at your home resort and up to 7 months in advance at any of the other Club locations.) Or, if you want to vacation before your use year begins, you may borrow points from the upcoming allotment.
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HOW LONG DOES IT TAKE TO CLOSE?
Approximately 8 weeks. After we receive both Buyer’s and Seller’s signed contract, everything goes to Disney for ROFR (Right of First Refusal). Disney has 30 days to review the contract and decide whether to exercise their right or not. They generally make that decision in 3 weeks. Once approved, Disney forwards everything to the title company and they prepare final documents. After the final documents have been executed and returned (along with the monies due from the Buyer), the contract closes and Disney is notified of the transfer of title.
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WHEN WILL I RECEIVE MY MEMBER ID CARD, NEW MEMBER HANDBOOK AND VACATION PLANNER?
Approximately 30 days after closing. You do not need to have your ID card in order to make a reservation, Member Services will look your name up alphabetically.
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CAN DVC MEMBERS HAVE MORE THAN ONE USE YEAR?
Yes. If you have the same use year for all of your packages, you will have one ID card for all of them. If you have more than one use year, you will receive an ID card for each one
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DO I HAVE TO BUY A MINIMUM OF 160 POINTS?
Not when buying a resale from The Timeshare Store. You may purchase as few as 25 points and Disney Vacation Club will consider you a Member with full benefits. You will receive your ID card, New DVC Member Handbook and Vacation Planner just as though you had purchased 160 points directly from DVC.
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ARE THERE ANY HIDDEN COSTS WHEN BUYING A DVC RESALE?
No hidden costs. When you purchase a DVC resale through The Timeshare Store, you will have your purchase price, closing costs and applicable Annual Dues. That’s it.
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HOW DO I KNOW WHAT THE CLOSING COSTS WILL BE?
The closing costs average between $400 and $760 based on the purchase price. Your agent can give you an exact amount on each of our listings.
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ARE PRICES NEGOTIABLE?
Some Sellers are negotiable and some are firm at their asking price. We’ll always be happy to present an offer for you. The agents at The Timeshare Store will advise you if your offer is in danger of not passing ROFR so you may make an informed decision about the price you’d like us to present.
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WHAT IS ROFR?
Right of First Refusal is the option Disney Vacation Club has to purchase any resale package after a sales price has been agreed upon and a contract has been drawn up. Each contract must be forwarded to DVC for review. If the price is too low, Disney will step in and purchase the property themselves at the terms agreed upon by the Seller and original Buyer. DVC then becomes the Buyer.
DOES DISNEY EXERCISE ROFR VERY OFTEN?
Not if the Buyer presents a reasonable offer or asks The Timeshare Store for advice before presenting an offer.
Some Buyers are willing to “take a risk” and make low bids just to see if they can sneak one through. For example, if a Buyer wants to offer $87 per point for a Beach Club listing, the Timeshare Store agent will advise that Buyer that the low price is going to raise a red flag for DVC (even if the Seller is willing to accept that amount). When and if DVC exercises their ROFR, the Buyer is notified immediately by The Timeshare Store and their deposit is refunded in full.
IF DISNEY EXERCISES ROFR, CAN I COME BACK WITH A HIGHER BID?
No. Disney has advised us that once they have exercised their ROFR, the bidding process is over.
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HOW DO I KNOW HOW MANY YEARS ARE LEFT ON EACH LISTING?
All of the Vacation Club Resort listings except those at Saratoga Springs end the same day - January 31, 2042 (Old Key West, Boardwalk Villas, Beach Club Villas, Villas at Wilderness Lodge, Vero Beach Resort and Hilton Head Resort.) Saratoga Springs memberships end on January 31, 2054. Animal Kingdom Villas memberships end on January 31st, 2057.
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IS FINANCING AVAILABLE?
Yes, The Timeshare Store works with several lenders to offer you the most competitive rates in the industry.
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AFTER I'VE BANKED MY POINTS, CAN I GET THEM BACK IF I DECIDE TO TAKE A VACATION THIS YEAR?
Once points are banked, they cannot be returned to the current year. However, if you decide to take a vacation after banking this year’s points, you may always borrow up to 100% of next year’s allotment.
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WHY DO SOME LISTINGS SAY “CANNOT CLOSE UNTIL XX/XX/2008”?
If a Member has an outstanding reservation, the sale cannot close until that vacation has been taken or the Seller’s reservation will be cancelled when the deed is transferred to the Buyer. If the vacation is for May 30th -June 6th, then the sale cannot close until June6th but all of the paperwork can be prepared, signed and ready prior to that. On June 6th, the title company will close the sale, transfer title and notify DVC.
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HOW MANY YEARS CAN I BANK MY POINTS?
Your points may be banked every year, but the same points cannot be banked more than once.
In other words, if you have a June use year and bank your points from June 2007 into June 2008, those points may be used until the last day of May, 2009. They cannot be banked again. However, the June 2008 points may be banked into June of 2009 and are good through May 31st, 2010.
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HOW CAN I ACCUMULATE POINTS FOR MORE THAN 2 YEARS?
By banking and borrowing. Bank your 2006 points into 2007. In 2007, borrow your points from 2008. You now have 3 year's points available all at once. |
