DVC Contract Transfer Process Step-by-Step
Understanding the DVC resale contract transfer process helps buyers and sellers navigate each stage from accepted offer to closing, avoiding surprises and ensuring smooth transactions. The entire process typically spans 90-120 days from contract signing to final ownership transfer.
Step 1: Offer and Acceptance
Buyers submit offers on listed contracts, negotiating price and terms with sellers through the resale broker. Once both parties agree, they sign a purchase agreement establishing price, point allocations, closing timeline, and responsibilities for dues and fees.
Step 2: Earnest Money Deposit
Buyers submit earnest money deposits (typically $500-1,000) held in escrow by the title company or broker. This deposit shows buyer commitment and is applied toward purchase price at closing. If the deal falls through due to seller default, buyers receive deposits back. If buyers back out without valid reason, sellers may keep earnest money.
Step 3: ROFR Submission
The title company submits the contract to Disney's Member Administration for Right of First Refusal review. Disney has 30 days to exercise ROFR (buy the contract themselves at the agreed price) or waive their right, allowing the sale to proceed to the buyer. During ROFR, buyers wait anxiously to learn if Disney will take their contract or let it pass through.
Step 4: Title Search and Documentation
While awaiting ROFR, the title company performs title searches confirming clean ownership, no liens, and proper property records. They prepare all legal documents for the transfer including deeds, closing statements, and membership transfer paperwork. Any title issues must be resolved before closing can proceed.
Step 5: ROFR Results
Disney responds with either ROFR waiver (sale proceeds to buyer) or ROFR exercise (Disney buys the contract). If Disney exercises ROFR, the seller still gets their money but the buyer doesn't get the contract - everyone moves on to find different opportunities. If Disney waives, the transaction continues to closing.
Step 6: Funding and Final Documents
Buyers arrange final payment through wire transfer or certified funds to the title company. Final closing documents are signed electronically or via notary, and the title company disburses funds to sellers while recording the deed transfer with Orange County, Florida (for WDW properties) or appropriate California authorities (for Disneyland/Aulani).
Step 7: Disney Membership Transfer
The title company submits all transfer documents to Disney Member Administration. Disney processes the membership change, assigns the buyer a new membership number, and provides access to the online Member website for booking reservations. This final step takes 2-4 weeks after closing.
Step 8: Welcome Home!
Once Disney confirms the transfer, new owners can book vacations using their points, manage their account online, and fully enjoy DVC membership. Your first reservation as an owner marks the official beginning of your DVC journey and years of magical Disney vacations ahead.