Historically Disney Vacation Club has not imposed closing costs or other fees for existing members looking to purchase additional points. However that policy has recently changed.
Current Disney Vacation Club members are now subject to some closing costs when adding additional points to their ownership. The exact costs vary depending upon the resort purchased, the number of points added and whether or not the add-on is financed through Disney.
A 100-point add-on contract at the Bay Lake Tower at Disney's Contemporary resort will include about $117 in fees for a cash buyer while a financed purchase includes fees of about $191.
When asked to comment, a Disney Vacation Club spokesperson had this to say regarding the fees:
In the past, Disney Vacation Club paid closing costs for Member add-ons, as well as for Prospects and Members purchasing sold-out resort inventory, as a purchase incentive.
Disney Vacation Club will continue to pay “seller” closing costs and the Document Preparation Fee for add-on contracts, and for Members and Prospects purchasing sold-out inventory. Members will pay closing costs for add-on contracts and Prospects and Members will pay closing costs for purchases of sold-out resort inventory, while Disney Vacation Club will continue to pay seller closing costs and the Document Preparation Fee. Prospects will pay closing costs for the total number of Vacation Points they purchase.
In the real estate industry it is an accepted practice for buyers to pay closing costs. These closing costs can be included in the Member financing if they so choose.
New members have been subject to closing costs on their initial point purchase for several years. With this change in place, fees will now be added to all contracts regardless of member status or the size of the purchase.
Buyers who wish to break a purchase into multiple contracts may be subject to additional fees associated with each individual deed.
