Author Archives: Vacation Club Life

  1. DVC Direct Pricing August 2016

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    Below is the most current price list for new member purchases made directly through Disney Vacation Club. When purchasing direct from DVC, new buyers are required to purchase a minimum of 100 points for most of the resorts whereas existing owners can purchase as little as 25 points.

    NOTE: Disney Vacation Club has closed its waiting list for points at several resorts including the Beach Club and Grand Californian.  Purchasing points at these resorts direct from DVC is impossible unless individuals placed their name on the waiting list before its closure.

    New Member Purchase

    Animal Kingdom Villas

    $160 per point; 100-point minimum purchase

    Aulani (Hawaii)

    $171 per point; 100-149 points
    150 points:  $171 per point LESS $1,250 Developer Credit
    200 points: $171 per point LESS $2,750 Developer Credit
    250 points: $171 per point LESS $3,250 Developer Credit
    300 points: $171 per point LESS $4,000 Developer Credit
    1000 points: $171 per point less $14,000 Developer Credit
    (Savings vary at other purchase levels)

    Bay Lake Tower at Disney’s Contemporary Villas

    $180 per point; 100-point minimum purchase

    Beach Club Villas

    $160 base price; 100-point minimum purchase

    BoardWalk Villas

    $160 base price; 100-point minimum purchase

    Hilton Head Island

    $110 base price; 50-point minimum purchase

    OLD KEY WEST

    $140 base price; 50-point minimum purchase

    POLYNESIAN VILLAS & BUNGALOWS

    $171 per point; 100-149 points
    150 points:  $171 per point LESS $1,250 Developer Credit
    200 points: $171 per point LESS $2,750 Developer Credit
    250 points: $171 per point LESS $3,250 Developer Credit
    300 points: $171 per point LESS $4,000 Developer Credit
    1000 points: $171 per point less $14,000 Developer Credit
    (Savings vary at other purchase levels)

    SARATOGA SPRINGS

    $140 base price; 50-point minimum purchase

    Vero Beach

    $110 base price; 50-point minimum purchase

    Villas at Disney’s Grand Californian Hotel

    $180 base price; 100-point minimum purchase

    Villas at Disney’s Grand Floridian Resort & Spa

    $180 base price; 100-point minimum purchase

    Villas at Wilderness Lodge

    $160 base price; 100-point minimum purchase

    IMPORTANT NOTE: The above prices and offers are subject to change at any time. For additional details contact Disney Vacation Club or visit www.disneyvacationclub.com.

    SOURCE: DVCNews.com

  2. May & June 2016: ROFR and Sales Data

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    Below you will find sales and ROFR data from offers that were accepted and sent to ROFR during the months of May and June. Disney’s Right of First Refusal (ROFR) takes approximately 30 days from the date sale contracts are submitted to DVC. We only saw one contract exercised under Disney’s Right of First Refusal in May and June with all other contracts waived.

    Sale prices remained steady for Animal Kingdom, Saratoga Springs and Grand Floridian compared to April resales. Aulani, Beach Club and Old Key West average prices decreased compared to the earlier months of the year but are still in-line with or higher than average sale prices from 2015. Bay Lake Tower’s average sale price increased mainly due to a large amount of small-point contracts that were sold in May and June. Small point contracts typically fetch a higher per point price than others.

    If you have any questions about Disney’s ROFR or the resale process, please contact us at team@resalesdvc.com

    RESORT AVERAGE SALE PRICE DVC ROFR EXERCISED
    Animal Kingdom $86
    Aulani $99
    Bay Lake Tower $120
    Beach Club Villas $110
    Boardwalk Villas $97 150 points at $95/pt
    Grand Californian $145
    Grand Floridian $145
    Hilton Head $65
    Old Key West $76
    Polynesian $154
    Saratoga Springs $83
    Vero Beach $54
    Wilderness Lodge $85

    Click here for more DVC ROFR data

  3. April 2016: DVC ROFR & RESALES DATA

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    Disney’s Right of First Refusal (ROFR) takes approximately 30 days from the date sale contracts are submitted to DVC. Below you will find sales and ROFR data from offers that were accepted and sent to ROFR during the month of April. Average sale prices slightly decreased for most resorts in April compared to March resales with increases seen at Beach Club and Old Key West. This month we saw three contracts exercised during Disney’s ROFR. Congratulations to all buyers who had their contract approved! If you have any questions about Disney’s ROFR or the resale process, please contact us at team@resalesdvc.com

    RESORT AVERAGE SALE PRICE DVC ROFR EXERCISED
    Animal Kingdom $85
    Aulani $108
    Bay Lake Tower $116
    Beach Club Villas $119
    Boardwalk Villas $92 300 points at $85
    Grand Californian $141
    Grand Floridian $143
    Hilton Head —
    Old Key West $80
    Polynesian —
    Saratoga Springs $83 150 points at $82, 200 points at $83
    Vero Beach $49
    Wilderness Lodge $88

    Click here for more DVC ROFR data

  4. March 2016: DVC ROFR & Resales Data

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    Below you will find sales and ROFR data from offers that were accepted and sent to ROFR during the month of March. Disney’s Right of First Refusal (ROFR) takes approximately 30 days from the date sale contracts are submitted to DVC. Average sale prices remained steady in March compared to February resales with very slight decreases seen at Beach Club, Old Key West, Hilton Head and Vero Beach. This month was a quiet one for ROFR with only one sale purchased by Disney. Congratulations to all buyers who had their contract approved! If you have any questions about Disney’s ROFR or the resale process, please contact us at team@resalesdvc.com

    RESORT AVERAGE SALE PRICE DVC ROFR EXERCISED
    Animal Kingdom $84
    Aulani $97
    Bay Lake Tower $118
    Beach Club Villas $113
    Boardwalk Villas $97
    Grand Californian $145
    Grand Floridian $147
    Hilton Head $62
    Old Key West $79
    Polynesian —
    Saratoga Springs $84 290 points at $80
    Vero Beach $61
    Wilderness Lodge $93

    Click here for more DVC ROFR data

     

  5. February 2016: DVC ROFR & Resales Data

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    Part of every resale purchase is Disney’s Right of First Refusal (ROFR) which takes approximately 30 days from the date contracts are submitted to DVC. Below you will find sales and ROFR data from offers that were accepted and sent to ROFR during the month of February. Compared to January resales, average sale prices remained steady for most resorts with slight increases seen at Grand Floridian, Old Key West and Vero Beach. This month we had 6 sales exercised (purchased by Disney) and most were Saratoga Springs contracts. If you have any questions about Disney’s ROFR or the resale process, please contact us at team@resalesdvc.com

    RESORT AVERAGE SALE PRICE DVC ROFR EXERCISED
    Animal Kingdom $85
    Bay Lake Tower $118 300 points at $108.50
    Beach Club Villas $117
    Boardwalk Villas $95
    Grand Californian $144
    Grand Floridian $148
    Hilton Head $67
    Old Key West $83 250 points at $80
    Polynesian —
    Saratoga Springs $86 160 points at $86, 175 points at $81,
    210 points at $82, 120 points at $84
    Vero Beach $65
    Wilderness Lodge $86

  6. January 2016: DVC ROFR & Resales Data

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    Part of every resale purchase is Disney’s Right of First Refusal (ROFR) which takes approximately 30 days from the date contracts are submitted to DVC. Below you will find sales and ROFR data from offers that were accepted during the month of January. We strive to inform all buyers and sellers of current market conditions and because of that, we typically run a very low “buy-back” rate around 5%. This month we saw a slightly higher rate with 8% of total sales exercised (purchased by Disney) and 92% of sales approved. If you have any questions about Disney’s ROFR or the resale process, please contact us at team@resalesdvc.com

    RESORT AVERAGE SALE PRICE DVC ROFR EXERCISED
    Animal Kingdom $85
    Bay Lake Tower $118 100 points at $115, 300 points at $120
    Beach Club Villas $115
    Boardwalk Villas $108
    Grand Californian $148
    Grand Floridian $142
    Hilton Head $65
    Old Key West $75 300 points at $70
    Polynesian $152
    Saratoga Springs $87 220 points at $85, 180 points at $84
    Vero Beach $55 150 points at $55
    Wilderness Lodge $83

  7. 2015 DVC ROFR Data

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    Disney’s Right of First Refusal (ROFR) is in place to protect the value of ownership by not allowing their product to be sold below “fair market.” Although price is an important factor in Disney’s decision making, there are other factors that are not made public and we never know for sure why one contract is chosen over another. We strive to council all buyers and sellers on market conditions to ensure sellers get “fair market” and buyers get the ownership they want. Because of that, our company runs a very low ROFR “buy-back” rate. For 2015, Disney buy-backs accounted for 5.3% of our total sales. 

    Below you will find a chart of our sales that were purchased by Disney in 2015 under their Right of First Refusal (ROFR). First column is the resort, second is the contract size (amount of points), and the third column is the price per point that was agreed upon by buyer and seller. The majority of the contracts bought by Disney last year were at Old Key West.

    If you have any questions about Disney’s Right of First Refusal, please contact us at 866-544-2919 or by email at team@resalesdvc.com. We’ll be happy to answer any questions you may have.

    AKV

    167

    $78.00

    AKV

    250

    $79.00

    AKV

    75

    $85.00

    BCV

    150

    $105.00

    BCV

    150

    $108.00

    BCV

    100

    $115.00

    BCV

    100

    $113.00

    BLT

    230

    $95.00

    BWV

    270

    $84.00

    BWV

    270

    $85.00

    BWV

    70

    $95.00

    BWV

    100

    $93.00

    BWV

    150

    $97.00

    HH

    400

    $55.00

    OKW

    220

    $72.00

    OKW

    150

    $70.00

    OKW

    190

    $69.00

    OKW

    240

    $72.00

    OKW

    200

    $72.00

    OKW

    230

    $70.00

    OKW

    220

    $70.00

    OKW

    230

    $68.00

    OKW

    160

    $72.00

    OKW

    230

    $74.00

    OKW

    220

    $71.00

    OKW

    150

    $73.00

    OKW

    218

    $76.00

    OKW

    250

    $79.00

    OKW

    150

    $75.00

    OKW

    200

    $65.00

    OKW

    150

    $75.00

    OKW

    220

    $70.00

    OKW

    160

    $74.00

    OKW

    150

    $80.00

    OKW

    230

    $80.00

    OKW

    282

    $85.00

    SSR

    160

    $76.00

    SSR

    100

    $84.00

    SSR

    150

    $85.00

    SSR

    160

    $83.00

    SSR

    180

    $83.00

    SSR

    125

    $84.00

    SSR

    200

    $85.00

    VERO

    150

    $51.00

    VERO

    200

    $50.00

    VERO

    240

    $51.00

    VERO

    200

    $51.00

    WLV

    150

    $82.00

    WLV

    170

    $82.00

    WLV

    106

    $95.00

     

  8. Changes to FIRPTA

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    Non U.S. Sellers: On December 18, 2015, President Obama signed the Protecting Americans from Tax Hikes Act of 2015 into law. This new Act increases the FIRPTA withholding for Non-U.S. Citizens from 10% to 15%. This change is effective for closings occurring February 16, 2016 and after. You can file with the U.S. Government to receive a refund as the tax is due ultimately only on a profit. Please note that this tax is only for Non-U.S. citizens selling their ownership.

    What is FIRPTA?

    The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests.

    A disposition means “disposition” for any purpose of the Internal Revenue Code. This includes but is not limited to a sale or exchange, liquidation, redemption, gift, transfers, etc. Persons purchasing U.S. real property interests (transferees) from foreign persons, certain purchasers’ agents, and settlement officers are required to withhold 15% (10% for dispositions before February 17, 2016) of the amount realized on the disposition (special rules for foreign corporations).

    For more information about FIRPTA: https://www.irs.gov/Individuals/International-Taxpayers/FIRPTA-Withholding

  9. DVC Foreclosures: There are other options!

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    A recent article posted in the Orlando Sentinel brought to light the foreclosure process that occurs each year for hundreds of Disney Vacation Club owners. Although DVC foreclosures are very low at less than 1% of total ownerships, its still a hard reality for some owners who cannot meet the financial requirements for their membership.

    Foreclosure Process

    The moment you miss the final deadline for payment, you will not be able to make new reservations, modify existing ones, or bank/borrow points. You are essentially “locked out” until your account is up to date.

    Within a few months of being in default, Disney will place a lien on your contract for unpaid mortgage payments, unpaid maintenance fees or both. This will come from Disney Vacation Club and/or Palm Financial Services, the company that services DVC loans. This can come quickly, within a few months of missing payments so it’s important to be aware and get back on track with monies owed as quickly as possible. There will be added late fees and penalties, possible attorney fees as well.

    If the lien is not paid, then they will move on to foreclosure proceedings and issue a Notice of Trustee’s Sale with a date for paying all owed funds as well as a date your property will be up for auction. If the amount due and fees are not paid by the date on the notice, your property goes to auction and that cannot be undone.

    What Can You Do

    If you are an owner struggling to make your mortgage payments or annual dues, please contact us about your options. Even if Disney has started the foreclosure process, there are still alternatives that you can pursue in order to avoid a foreclosure.

  10. 2016 DVC Annual Dues Projections

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    Budgets for most of the Disney Vacation Club resorts have been released according to DVCnews.com. Aulani budgets have yet to be released. Average increase for all resorts is around 3% with Vero Beach seeing the lowest at 0.31% and Saratoga Springs seeing the largest increase at 5.11%. Your annual dues are applied to a variety of vital interests including: Operating Expenses (housekeeping, transportation (if applicable), front desk services, maintenance, utilities, etc), Administrative Expenses, Refurbishment Expenses and Real Estate Taxes.

    The 2016 budgets will be formally ratified at the 2016 annual meeting scheduled for Thursday, December 10, 2015.

    Resort   2015 Dues    2016 Dues    Increase
    Animal Kingdom Villas $6.2989 $6.4152 +1.84%
    Aulani $6.5100 TBD
    Bay Lake Tower $5.0504 $5.2830 +4.61%
    Beach Club Villas $5.9748 $6.1277 +2.60%
    BoardWalk Villas $6.0735 $6.1753 +1.67%
    Grand Californian $5.1483 $5.3730 +4.36%
    Grand Floridian $5.5216 $5.7199 +3.45%
    Hilton Head $6.5190 $6.8153 +4.55%
    Old Key West $5.8370 $6.0107 +2.98%
    Polynesian $6.0251 $6.0937 +1.14%
    Saratoga Springs $5.1749 $5.4391 +5.11%
    Vero Beach $8.0600 $8.0846 +0.31%
    Wilderness Lodge $6.0251 $6.2152 +3.16%

    *Information is deemed accurate but not guaranteed.