Notices
General DVC Discussion For discussion on how the DVC works and resort information.

Closed Thread
 
Thread Tools Search this Thread Display Modes
Old 25 Aug 14, 07:08 PM  
Link to this Post
#1
Hal
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
Exclamation DVC 101: A Guide for Prospective DVC Purchasers

Introduction
The intention of this guide is to answer questions which were frequently being asked on the DIBB with regard to the Disney Vacation Club (“DVC”), Disney's US based time-share operation, and to give interested readers an insight into DVC in order to help readers to decide if it is for them. If it stops the same questions being asked time and time again on the forum then so much the better.

Firstly, I need to stress that it is not a substitute for doing your own research – it is up to everyone to reach their own decision, and what is right for one person is not necessarily right for others. Nor is it intended to promote timeshare ownership – the decision is down to each individual. Secondly, everything herein is simply my personal opinion – there is no liability express or implied on my part or on the part of The Dibb, or any other of its members.

DVC does not suit everyone but its members are generally very, very happy with their purchases. If you are thinking about DVC, I would urge you to search the Dibb DVC forum for DVC comments. Bear in mind though that the posters on the Dibb are generally, like me, Disney fans so we might not be the most unbiased in our opinions.

1. DVC doesn't necessarily make holidays to WDW cheaper.

2. DVC is not a financial investment.

3. Should you buy DVC resale, or direct from Disney.

4. The DVC resorts.

5. DVC Accommodation.

6. An explanation of DVC Points.

7. How many points you need.

8. Exchanging for Non-DVC Resorts.

9. The Financial Cost of Buying into DVC.


... 9.1 The Upfront Purchase Cost.

... 9.2 The Annual Maintenance Fee (“Annual Dues”).

... 9.3 What happens if you don't pay your Annual Dues.

... 9.4 Renting DVC Points.

... 9.5 Comparing the cost of DVC with staying in a Villa.

... 9.6 Foreign Exchange Rates.

... 9.7 US Tax Considerations.

... 9.8 What if you need to sell your points
?

10. Alternatives to DVC.

11. Conclusion.

Appendix 1 Specimen DVC Rental Agreement
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 08:30 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 25 Aug 14, 07:08 PM  
Link to this Post
#2
Hal
Thread Starter
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
1. DVC Doesn't Necessarily Mean Cheaper Holidays.

If you are happy to stay off-site or in Disney's Value Resorts you can do so cheaper without joining DVC. DVC will not necessarily mean cheaper holidays, as the cost of the flights etc. may be more than the cost of a hotel included package holiday HOWEVER it does give you quality.

What DVC does is provide good quality (deluxe) accommodation to its members. So DVC membership should not be seen as a means of making holidays to WDW cheaper. I believe DVC offers good value to its members (and you will have to read below to see if this means for you too).
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 07:22 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 25 Aug 14, 07:09 PM  
Link to this Post
#3
Hal
Thread Starter
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
2. DVC Should Not Be Seen As An Investment.

DVC should not be seen as an investment, rather it is a means of ensuring great holiday accommodation by paying a premium up front.
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 08:30 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 25 Aug 14, 07:09 PM  
Link to this Post
#4
Hal
Thread Starter
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
3. Should You Buy from Disney or Buy Resale?

The cheapest way to get into DVC is through the secondary or resale market, but the easiest method is to buy direct from Disney.

In this thread I will be giving example calculations based on prices at August 2014. You will need to amend these to current prices at the time you are considering your purchase.

Legally DVC points are a real estate interest so there are only a fixed number which can be sold per resort. Once this limit is reached the resort is sold-out and no new points can be created.

At present AKL, AVH and VGF are, I think, the only resorts for which new points can be bought. Other resorts are sold-out, so points in them are best bought resale (i.e. from existing owners) although they may also be available from Disney through repossessions or exercise of its Right Of First Refusal.

N.B. A big change introduced in 2011 is that points bought resale from then can only be used to book DVC properties - existing owners are unaffected, but it should boost sales direct from Disney at the expense of sellers.
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 07:24 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 25 Aug 14, 07:10 PM  
Link to this Post
#5
Hal
Thread Starter
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
4. The Resorts.

DVC is predominantly located on-resort at Walt Disney World, Florida. The resorts are;-
- Old Key West (“OKW”);
- BoardWalk Villas (“BWV”);
- Beach Club Villas (“BCV”);
- The Villas at Disney's Wilderness Lodge (“VWL”);
- Saratoga Springs Resort (“SSR”);
- Animal Kingdom Villas (“AKV”);
- Bay Lake Tower ("BLT"); and,
- The Villas at Grand Floridian (“VGF”) - the most recent resort.
(One at Disney's Polynesian Resort is anticipated.)

Away from WDW there are four further DVC resorts:-
- Vero Beach (“VBR”) on Florida's Atlantic Coast;
- Hilton Head Island ("HHI”), South Carolina;
- Villas at Grand Californian ("VGC"), at Disneyland, Anaheim California; and,
- Aulani Villas Hawaii ("AVH"), at Koh Olina in Hawaii.

OKW is the cheapest of the on-site resorts to buy into.

Originally Most DVC points had a life to 2042, but more recent resorts have longer end dates.

BLT for example has 2060.

Be careful of OKW whose points may or may not have been extended. IMHO the additional years for most buyers may not be much of an additional benefit (based upon a cursory discounted cash flow analysis) - it will all boil down to your purchase cost, but YMMV.

Each resort has its own attractions:-
- OKW has larger rooms than the later resorts and is well located for Downtown Disney ("DTD"), with a ferry service to DTD.
- SSR has a spa and is located even closer to DTD so you can walk there.
- BCV is located within walking distance of EPCOT and MGM, and has the best pool.
- BWV is located opposite BCV and enjoys the same great location but not the pool of BCV.
- VWL is a Magic Kingdom resort.
- AKV is part of the Animal Kingdom Lodge complex.
- BLT is adjacent to Contemporary Resort and has views of the Magic Kingdom and its fireworks display.
- VGF is adjacent to Grand Floridian Resort and has views of the Magic Kingdom and its fireworks display (across the lake).

Away from WDW
- VBR, HHI, and AVH are beach resorts.
- VGC has a superb location in Disneyland California.
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 07:53 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 25 Aug 14, 07:10 PM  
Link to this Post
#6
Hal
Thread Starter
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
5. DVC Accommodation.

DVC accommodation varies between the DVC resorts but typically covers Studios, One-Bed, Two-Bed, and Grand Villas.

You pay for your stay using DVC points. The number of points you need to stay at any resort depends upon the size of the accommodation; the season (Adventure / Choice / Dream / Magic / Premier); and the day of the week – Sunday to Thursday require less points than Friday and Saturday.
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 07:31 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 25 Aug 14, 07:10 PM  
Link to this Post
#7
Hal
Thread Starter
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
6. DVC Points.

DVC is a points based Time Share system. This means that rather than buying a fixed or “floating” week (as at traditional time-share resorts), you purchase points (the minimum holding if you buy direct from Disney is now 160 points - but you can buy smaller initial holdings in the resale market) which are exchanged for accommodation on a nightly basis.

Importantly, the total number of points required does not change from year to year HOWEVER Disney can (and has) changed points allocation during a week in the past, and could do so again.

The split of points required for say an Adventure season week may remain the same as before but the points required for a Friday or a Saturday might be raised or lowered; which necessitates the points required for Sunday to Thursday to be decreased or increased in order that the total for a week remains constant. The dates of the seasons change from year to year.

Points are interchangeable between resorts. This means you can, for example, book a 56 point stay at OKW with 56 points from VBR.

You can book stays at your Home Resort from 11-months in advance. You can book stays at other resorts from 7-months in advance. At busy times it is possible that the resort you are looking to book in to is fully booked at the 7-month stage.

If you are limited to going at specific times you should buy into the resort you want to stay at, in order to benefit from the advantageous Home Resort booking window.

The points have a capital cost, the price you pay up front, and an annual maintenance cost (like a service charge on a leasehold property).
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 07:32 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 25 Aug 14, 07:11 PM  
Link to this Post
#8
Hal
Thread Starter
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
7. How many points?

Only you can work out what our accommodation requirements are going to be - if you are looking at taking family a Studio may be too small. We assumed that we would be going every 3 years on a Yr 1 bank/ Yr 2 use/ Yr 3 borrow/ Yr 4 bank/ Yr 5 use/ Yr 6 borrow etc. cycle and initially bought sufficient points for a 2-bed (230) at OKW but subsequently bought a further 103 points at BLT.

Many users check-out of their DVC into other accommodation for the Friday and Saturday nights to extend their DVC usage.
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 07:33 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 25 Aug 14, 07:11 PM  
Link to this Post
#9
Hal
Thread Starter
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
8. Exchanging for Non-DVC Resorts.

IMHO DVC points should only be used for staying at DVC if you want best value from them.

Whilst you can swap elsewhere, it is IMHO an expensive means of doing this, and opinion is divided. Previously (on another Board), another DVC owner held up the benefits of exchanging because of a stay at a one bedroom at Marriott's Desert Springs II resort in California, which cost them "just 124" DVC points. IMHO if you want to stay at Marriott's (or indeed at any other non-DVC resort) the best thing to do would be to buy Marriott – (I am also a Marriott owner). You can then use this to exchange to other Marriott resorts through Interval International ("II"), or any other II registered timeshare resort.

II was owned by Marriott, and there are close ties between the two. II is is the world's no.1 timeshare resort exchange company. Disney previously managed DVC exchanges through II but some years ago switched to RCI, whose selection is, IMHO, inferior to II's but YMMV.

An extra benefit of owning outside DVC is that you can become an individual member of II (indeed you have to). This enables you to book unlimited "Late Getaways".

Using Marriott's Desert Springs as an example, I could book 3 weeks there in a 2-bed apartment for £149 a week. This is without touching my purchased Marriott week. This compares to exchanging 124 points for a one bed where you have paid premium price up front, and have paid say $5 a point for maintenance.

So the maths would be;-
Do I exchange 124 DVC points worth 124 x $5 = $620 say £387 ($1.60=£1);
or do I get a larger apartment through II on a getaway for £149?

In fact to allow for the purchase premium the 124 DVC points should be priced at their rental value - $10-$11, say $10 to keep it simple. Do I pay 124 x $10 = $1,240 (£775) or do I pay £149? It's a no brainer IMHO.

The same principle applies to exchanging them for Disney Cruises or indeed all other exchanges.
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 07:35 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Old 25 Aug 14, 07:12 PM  
Link to this Post
#10
Hal
Thread Starter
Gloria sic transit mundi.
 
Hal's Avatar
 
Join Date: Mar 04

Hal's Reviews
Hotel Reviews: 1

theDIBB Guidebook
Pages Created: 1
Guidebook Photos: 17
9. The Financial Cost of Buying into DVC.

9.1 The Upfront Purchase Cost.


If we assume that you want 160 points (the new minimum holding if buying direct from Disney (it used to be 150)).

If you buy this from Disney, AKL presently costs about $150 per point (but incentives might reduce this to say $143 per point), but the process is easier and you might receive incentives, be sure to ask.

If you were to buy in the secondary market you could get points for say $80. This $80 would include the brokers commission, so it is reasonable to assume that you could sell it for, say, $70 (allowing for say $10 per point brokers commission).

Allowing for $5 per point in closing costs, you would be paying $85.00 per point for something which you could sell for $70.00 a point.

In other words the "Goodwill" element or true cost of your DVC would be $15 x 160 or $2,400.00. (You would need to add on the interest cost of the total purchase price - if borrowed - or the opportunity cost, if using savings too. This will vary from person to person so is up to you to determine.)

Seen like this it looks quite reasonable.

If something untoward were to happen in the future and you had to sell your DVC points, that $2,400 is the "loss" you would make. You probably lose more in depreciation on your car each year.

(If you are buying direct from Disney closing costs are minimal (say $160 – or $1 per point) but the true value of the points remains what you could sell them for if you needed to – say $70.00 per point in the above example. So, the Goodwill element would be slightly higher at 160 x ($143 - $70) = $11,680.)

As new DVC points climb in price each year, the resale value of existing points should rise too - although not as fast - it's simple supply and demand.

So, say over 5 years new DVC points climb $20.00 [and the cost of VGF points in 2014 ($165) are actually $50 per point more than the cost of points in 2011] - existing points are likely to climb too. Whilst this isn't guaranteed, you might over time be able to sell your points for about what you paid for them. If you were able to sell your points for what you paid for them, you will have effectively recovered the upfront premium.

At some future point in time, when there are 25 years left to run on the initial DVC leases, you may have to start depreciating the value of your purchase. (Depreciation is an accounting term for reflecting the reduction in value of an asset over its expected life.) In the meantime just enjoy that quality accommodation and happy holidays.

9.2. The Annual Maintenance Fee (or “Annual Dues”).

As well as the initial purchase price of the points, you will need to pay an annual maintenance fee. Maintenance fees IMHO are the real cost of DVC. Buying into DVC is not simply a case of paying the one off upfront costs – you have to pay hundreds of US$ every year in maintenance fees, regardless of the exchange rate or if you will be using your points or not.

The fee varies between resorts and will vary from year to year. You can see the real annual maintenance fee (sometimes called “Annual Dues”) for each resort in the pdf attached below.

If we assume it’s $5 per point per annum (some are less, most are more but $5 is a simple figure to work with). This will increase from year to year.

The maintenance fee for the newer resorts is subsidised by Disney whilst the resort is being sold – so is likely to increase thereafter.

As I said above, the original DVC points have a life to 2042 – 28 years time - but newer resorts have longer end dates. BLT for example has 2056.

At present prices of $5 per point on average, a holding of 160 points with a life to 2042 (2042-2014=28 years) will cost you $5 x 160 x 28 = $22,400 in present terms over the life of your points.

For this reason it is as important to consider the on-going maintenance cost, as it is the initial purchase cost.

Assuming $5 per point maintenance costs, with 160 points you will be paying $800.00 per year on top of your initial outlay. To work out the true value of this you need to look at how much it would cost you to stay in that (or similar) deluxe accommodation otherwise.

Be careful of using holiday brochure prices for comparison. More realistic is the market price of renting DVC points from/to other users: let's say this is $10 to keep the maths simple (presently it seems to start at £7 per point but this varies between resorts etc.). Let's also assume a night in a studio is 10 points; the value of that night is $100 (10 x $10) – even if the rack rate is $250.

So…. assume 160 points would get you 16 nights in a studio at 10 points per night. You would be paying $800 in maintenance fees for those nights. $800 might be sufficient to stay 8 nights by renting DVC points from existing owners, so the true benefit of ownership and of your initial outlay is the extra 8 nights which you have effectively paid for in your initial purchase.

That's a simple example – many people calculate that they need, say, 420 points to stay where and when they want, and are put off by the large maintenance fee of, say, $2,100 which would pay for a villa etc., but the principle is the same – just do the maths.

9.3 What happens if you don't pay your Annual Dues.

If you, or your successors, don't pay the Annual Dues then Disney will foreclose on your property, pure and simple. Any reservations you have, including any you have made for other people, including on previous years points, will be cancelled. You will lose your right to the resort and will have sacrificed your initial payment. Furthermore I believe Disney retains the right to pursue you for any legal costs incurred which are not cleared by the sale of your points. So, in short don't fail to pay your annual dues. You should always be able to rent them out for more than the cost of the dues. If you no longer want to hold DVC then sell it (see below) - don't just ignore it.

9.4 Renting DVC Points.

As well as renting points from other owners for your use, you can as an owner rent your points to others to use. DVC points typically rent for more than $10 per point - some are noticeably more (e.g. BLT and VGF), but let's assume $10 for the sake of simplicity. Whichever figure you use is IMHO likely to increase over time.

So, assuming $5 per point maintenance charge, and $10 per point rental income, you could rent your 160 points for $800 profit per annum should you wish. For many this would IMHO be a better option than exchanging to non-DVC accommodation.

Renting points – either as an Owner (the “Rentor”) renting your points to another (the “Rentee”) - incurs taking a risk on the other party. The risk to the Rentor, to put it simply, is that the Rentee might mess them around with the booking, or misbehave in the property. The risk to the Rentee is that the booking might be cancelled, or not booked at all. To be clear, renting DVC is no riskier than renting a villa.

Rentors can find Rentees, and vice versa, through the specific area on the Dibb, or on its equivalent US website. There is also a commercial (non-Disney) US website which provides a rental service for Rentors and Rentees: dvcrequest This might provide additional comfort to some, albeit at a cost, but to be clear you will be taking a credit risk on that site just as much as you would be taking a risk on bookings between individuals.

Personally I think its better to rent (for both Rentors and Rentees) by means of the Dibb threads. Both sides still need to do due diligence on the other. Are they new to the Dibb or do they have a history of posting on the Dibb for example – just as one might assess a counterparty on eBay. That's not to say that new Dibbers are not sound, it's just that further diligence might be required to establish bona fides on both sides.

For the protection of both the Rentor and the Rentee there should be a written contract which covers the rental. I have attached as Appendix 1 a specimen contract under English Law which covers such rentals, which Rentors might use without liability on my part should they so wish. This can also be used for Rentors in other jurisdictions (e.g. Scotland, Northern Ireland, Ireland) should they so wish, although they might wish to amend it.

9.5 Comparing the cost of DVC with staying in a Villa.

As I said above, DVC is not intended to be a way of doing Florida on the cheap. Many people prefer to stay offsite in villas. A frequent criticism made of DVC on the Dibb was that it was more expensive to stay at DVC than it was to stay at a villa, but this simple view misses some important aspects. Therefore the following compares the cost of DVC versus a villa.

DVC = from $75* per point (say $71 per point + closing costs $500). Say 160 points = $12,000. @ £1= $1.60 = say £7,500.

Maintenance fee = say $5 per point = 160 x $5 = $800.00 pa.

(*Based on resale costs – amend depending upon resort and whether buying from Disney).

Whilst there is no guarantee that they will continue to do so, DVC points have historically typically increased in value each year. (Aided by Disney managing the market by exercising its Right Of First Refusal (“ROFR”)).

If you assume by $2 per annum. After 10 years your DVC points could be worth $85 per point. You could therefore sell them for 160 x $85 = $13,600 – a paper profit of $1,600.00.

DVC Maintenance Fees: If one assumes that maintenance costs increase at the same rate as inflation on villa costs, we can regard 1 week of villa hire as equalling maintenance fee. Accordingly, just disregard both and look at the cost of the 2nd week.

Assuming 3% inflation, in 10 years time that same week could cost you $835 per week.

Yr…. Rental cost
1…….. 640
2…….. 659
3 ……..679
4 ……..699
5 ……..720
6 ……..742
7 ……..764
8 ……..787
9 ……..811
10 ……835
……..========
…….. 7,337

Over those 10 years you will have spent you will have spent $7,337 on that week. That money will be gone.

Whereas with DVC you will have paid $12,000 up front, however, you could then sell those points for, say, $13,600.

So, the true cost of DVC would be the interest cost of borrowing the $12,000 originally, or the opportunity cost of not investing it if you didn't need to borrow the money.

This is just an approximation based on simple figures and assumptions but it shows that it isn't necessarily as simple as it first seems to say that renting a villa is cheaper.

9.6 Foreign Exchange Rates.

Another significant factor, which could go either way, is changes in foreign exchange rates. When you buy in to DVC you know how much £ you are spending. If £1 falls to say $1.30 by year 10 your week in the villa is costing you $835 = £642 versus $640 @1.60 = £400 per week now HOWEVER your DVC was still set at your original rate, so your original DVC cost of $12,000 cost you £7,500 (assuming $1.60=£) AND after 10 years the points are worth $13,600 which at $1.30/£ = £10,461 so you would have made ca. £3,000. Of course these are just estimates - they will vary wildly depending upon fx rates.

9.7 US Tax Considerations.

The above sums fail to take into consideration the impact of US withholding tax upon US Non-Residents. Under federal legislation called "FIRPTA" (the Foreign Investment in Real Property Tax Act) non-US resident sellers of US Real Estate interests (which DVC and other timeshares falls into) have to pay 10% of the sale price to the US tax authorities as a form of withholding tax. I believe that this is reclaimable but it involves some form filling and procedural issues (e.g. swearing an affidavit before a US Notary which seems in practice to require a visit to the US Embassy).

I won't go into detail on it here but just to raise awareness of it. Timeshare Resale Agents should be able to advise appropriately should it be necessary. In the meantime you can find out more info here, and here .

9.8 What if you need to sell your points?

Please read this thread by jbrockwell5081 on the costs of selling DVC. The illustration above makes assumptions as to cost etc - here is one Dibber's personal experience.
__________________
Hal


Owner at Marriott Marbella Beach, Cypress Harbour, & Harbour Lake; and DVC OKW & BLT.


There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.

Edited at 08:21 PM.
Hal is offline Boy Mouse Click to view Members Trip Plans Add Member to Ignore List
Closed Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Forum Jump


All times are GMT +1. The time now is 06:27 PM.


Powered by vBulletin - Copyright © 2000 - 2024, Jelsoft Enterprises Ltd.
DIBB Savings
AttractionTickets.com

Get £10 off each Disney Ticket with the code ATDIBB10

Get up to £50 off per room at Disney or Universal with the code DIBBHOTELS


theDIBB Blog
One of the the five worlds found in Epic Universe, How to Train Your Dragon... Read More »
Disney announced that a new nighttime show, “Disney Dreams That Soar,” will run nightly at... Read More »
Walt Disney World Resort guests can get ready to have a “glowing’’ good time when... Read More »


theDIBB Menu


Exchange Rates
US Dollar Rates
ASDA  $1.2366
CaxtonFX  $1.2318
Covent Garden FX  $1.2545
FAIRFX  $1.2350
John Lewis  $1.2380
M&S  $1.2178
Sainsburys  $1.2357
TESCO  $1.2364
Travelex  $1.2353
Updated: 17:00 28/03/2024
Euro Rates
ASDA  €1.1447
CaxtonFX  €1.1407
Covent Garden FX  €1.1514
FAIRFX  €1.1432
John Lewis  €1.1457
M&S  €1.1263
Sainsburys  €1.1440
TESCO  €1.1445
Travelex  €1.1435
Updated: 17:00 28/03/2024

DIBB Premium Membership
Did you know you can help support theDIBB with Premium Membership?

Check out this link for more information and benefits, such as...

"No adverts on theDIBB Forums"

Upgrade Now



X