The global vacation ownership (timeshare) market is growing, with a predicted CAGR of 7.3% between 2022-2028. We can assume then that people looking for travel or vacation clubs will indeed have more opportunities to find something that fits their vacation needs.
DVC resale is an area in the market that people who want to join a vacation club can explore. In this space, there may be more opportunities to get great deals than in other vacation club options like retail.
In this quick guide, we’ll run you through the top 5 factors to consider when buying a DVC resale. By the end of reading this, you should feel confident in your knowledge to know what to look for in a DVC resale.
Let’s begin!
1. Search for DVC Resales with Banked Points
One advantage of buying DVC resales is that many of them can have banked points as part of the deal. These are extra points that the previous owner will have stored up so that they can gain more future vacation time and benefits.
Keep in mind, you must use any banked points that you get within a year. So check when any points expire from a listing that you are interested in.
The seller of the DVC resale with banked points might ask for more money because of the points. However, the overall cost should be cheaper than if you were to buy those points at retail prices.
2. DVC’s Right of First Refusal Policy
You need to be aware that DVC has a Right of First Refusal policy. This means the vacation club has the right to buy any resale it wants before any prospective buyers on the market.
DVC will often buy resales if they are below the average market price for what the seller is offering. So, it’s a good idea that you research DVC resale prices to familiarize yourself with the market and understand where it might be a waste of your time bidding for some listings.
3. Know About Other Costs Involved
The resale cost may be one aspect of the DVC contract you have to pay for. It is usual with Disney Vacation Club resales that buyers will pay for the closing cost too.
This may not be true, however, if the seller is keen to get rid of their DVC resale quickly. There will also be annual fees involved with your DVC membership to think about.
4. Allow Yourself Time
A good timeframe to search for and bag a DVC resale is about one year. This time will make the chances of you finding an ideal package stronger.
People tend to sell their DVC memberships due to unexpected circumstances, like a divorce. You should look out for these types of resales to find a good deal. Here you can click for more info about DVC resales.
5. Play It Cool
The idea of being a DVC member may be exciting. But don’t get emotional and excited when searching for your DVC resale.
Play it cool and hold out until something comes along that meets your expectations. Don’t get drawn in on savvy sales pitches on listings that don’t meet your standards.
DVC Resale Buying Tactics Explained
You now know some excellent DVC resale buying tactics to be aware of. Check for banked points and learn about DVC policies. Also, know all the costs involved, give yourself plenty of time, and play it cool.
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