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View Full Version : SSr will be hard to resell


disguy1
01-18-2007, 04:06 PM
have you ever seen this place? its tremendous...there are so many resales on the market and the resort is not that old. Its just going to get worse i feel.
maybe im wrong but I been shopping the resale market and its flooded with SSR resales:headache:

salmoneous
01-18-2007, 04:11 PM
maybe im wrong but I been shopping the resale market and its flooded with SSR resales:headache: You are wrong.

What percentage of SSR contracts are on the market - 0.1%? 0.2%? How many resales are on the market compared to the number of new SSR sales Disney sells every day? This is absolutely nothing like a flooded market, and there is no indication SSR will be hard to resell.

CarolA
01-18-2007, 04:18 PM
have you ever seen this place? its tremendous...there are so many resales on the market and the resort is not that old. Its just going to get worse i feel.
maybe im wrong but I been shopping the resale market and its flooded with SSR resales:headache:


And once again we have the mythof the last DVC is horrid appearing in a new format.

(Actually if you have been following resale for a long time this is not uncommon. Disney sells a lot when they first open a new resort and a few years later at least SOME of those folks decide this was not a good decison... it averages out over time)

You may be right, you may be wrong. You have no basis besides "flooded with SSR resales" My quick and dirty review on the board sponsor indicated only about 17 more SSR resales then OKW and 8 of those were pending which means someone has already made a firm offer.

The other problem with your assumption is assuming every SSR contract you see is a unique one. People can and do list thier contracts on numerous places with serveral brokers.

starbox
01-18-2007, 04:21 PM
And in ten years, people in their 20s or 30's looking to buy a resale will have a significantly shorter contract without buying SSR or a later resort.

dumbo71
01-18-2007, 04:36 PM
You are wrong.

What percentage of SSR contracts are on the market - 0.1%? 0.2%? How many resales are on the market compared to the number of new SSR sales Disney sells every day? This is absolutely nothing like a flooded market, and there is no indication SSR will be hard to resell.



I agree.

It is simply percentages. SSR is the largest DVC Resort, so over time we will probably see more SSR resales than the others but only proportional.

SSR may very well end up being seen as the (gasp!) Flagship DVC. With the maturation of the resort, added themed pool area, Spa, best gym on site, sit down restaurant AND an interesting counter serve restaurant it is coming into it's own. With the rumored focus on improving DTD, SSR will only become more appealing to many.

I foresee SSR selling for a higher price than even BCV or BWV in the next 5 years or so. That longer contract plus the things I mentioned above may lead to a higher per point price after the resort sells out. Time will tell.

From this post you can now see why I chose to keep SSR and sell my favorites OKW and BWV. I simply believe in the future of SSR and those 12 extra years.

rinkwide
01-18-2007, 04:59 PM
...I chose to keep SSR and sell my favorites OKW and BWV. I simply believe in the future of SSR and those 12 extra years.Really? Well, I think I'm gonna' pull out all my teeth because I believe in the Tooth Fairy.

unixadm
01-18-2007, 05:09 PM
have you ever seen this place? its tremendous...there are so many resales on the market and the resort is not that old. Its just going to get worse i feel.
maybe im wrong but I been shopping the resale market and its flooded with SSR resales:headache:


There are MANY reasons why there SEEMS to be more SSR resales:

1. Largest resort....when you look at percentages, it probably isn't much different since there are far less owners in any other single resort

2. New enforcing of transfer policy - With all the incentives over the past couple of years, "Disney's Best Kept Secret" has gotten out....and many people decided to buy into it as a money making venture. They were renting all the points out.....now they can't do all the transfers, so some are dumping.

3. There have always been resales....but since SSR is the only one currently selling, it is the main one people are buying into. Those who own somewhere else have already sold, or plan on keeping for a long time. Young people buy in now at SSR, then realize they can't afford it or have something change in their life that makes them decide to sell.

Personally, I like SSR BETTER than BCV and BWV. I like the location of the other two for the parks, but when we want to go relax, enjoy Downtown Disney, Pleasure Island, etc, SSR is the way to go.

Dean
01-18-2007, 05:12 PM
I don't think it's simply percentages but I also don't feel it's because SSR is an undesirable resort. There were some pretty attractive incentives early on to do an add on and I feel this has skewed the resales. We saw them show up even before SSR were open for member stays. But in general there are a lot of resales right now it appears and overall I suspect there are a number of reasons combined .

tjkraz
01-18-2007, 05:28 PM
have you ever seen this place? its tremendous...there are so many resales on the market and the resort is not that old. Its just going to get worse i feel.
maybe im wrong but I been shopping the resale market and its flooded with SSR resales:headache:

For the past 4 months DVC has been charging $86 per point with closing costs half of what most resale contracts charge.

How many of those resale listings are priced 5-10% less than DVC's prices, come with all of their current year's points, have no future points borrowed, and pro-rate member dues from the time of purchase? The answer is probably "NONE".

As soon as DVC's prices go back up after Saturday there will be more of a financial incentive to buy resale. For resorts like BCV, BWV, VWL, virtually the only source of points is resale. You can't compare one situation where sellers are in direct competition with the developer to other resorts which Disney has not actively marketed in more than 3 years.

What does the future hold? Who knows. Depends on a lot of factors. The only thing that appears to be a certainty is that I could sell my SSR contract for at least what I paid (if not more since every single listing at TTS is higher than what I paid), and will have enjoyed 4 years' of vacations for my dues alone. Pretty good deal if you ask me.

senecabeach
01-18-2007, 05:44 PM
ITA with all the above "veteran" posters...and...as you grow in the DVC experience, disguy1, you too will be able to properly analyze new upcoming DVC resorts for the next era of newbies !! :thumbsup2

disguy1
01-18-2007, 05:54 PM
well...I am unsure about the whole thing, I have no experience with it. It looks like a good deal, not sure its worth the investment to buy a OKW resale with lotsa banked points or go with SSR....not sure of best deal anymore. the more i look the more confusing it gets:headache:

cobbler
01-18-2007, 06:11 PM
I looked at the Timeshare Store resales and there seems to be a lot of everything. Beach club has a lot and 6 of the listings have "Just reduced" past them.

Now my point is that every resort goes through ebs and flows of resales, it isn't because a resort is less desirable, huge, or whatever the fun thing is to do.

The most common reason for resales are buyers remorse. Not because of the resort itself persay but because people bought under the Disney magic influence, get home and realize they can't afford it, won't use it or whatver.

Divorce, loss of jobs, life changes.

I will bet 9 times out of 10 for the average contract owner who resells it has nothing to do with the size of the resort, where it is located on Disney property compared to other DVC resorts, or other factors that we on the Dis overly critique.

starbox
01-18-2007, 06:30 PM
well...I am unsure about the whole thing, I have no experience with it. It looks like a good deal, not sure its worth the investment to buy a OKW resale with lotsa banked points or go with SSR....not sure of best deal anymore. the more i look the more confusing it gets:headache:

disguy,

I think you'll drive yourself crazy trying to figure out what's a good "investment" because any timeshare is NOT a good investment and you should not buy with the intention to sell at a profit.

You should buy DVC because you know you want to visit Disney every year for the forseeable future and you know you want to stay on property in a deluxe resort.

You should not buy a contract at a resort you don't like or don't plan to use.

You should not buy DVC if you can never plan more than a few months ahead of time and don't like SSR and OKW - because those are the resorts you'll probably find with vacancies.

senecabeach
01-18-2007, 07:34 PM
well...I am unsure about the whole thing, I have no experience with it. It looks like a good deal, not sure its worth the investment to buy a OKW resale with lotsa banked points or go with SSR....not sure of best deal anymore. the more i look the more confusing it gets

Do you feel like this guy?? :crowded:

RELAX .... stop beating yourself have a :drinking1 maybe 2 (:lmao: ).... take a walk ... make an ice cream sundae... get away from it for a while.

There are no "wrong" decisions. When your comfortable...you'll make the best choice for your family.:thumbsup2
All the DVC's are wonderful unto themselves and like most of us..you will be trying them ALL !!!

Stay cool ......:rolleyes1

Lynne M
01-18-2007, 08:09 PM
disguy,

I think you'll drive yourself crazy trying to figure out what's a good "investment" because any timeshare is NOT a good investment and you should not buy with the intention to sell at a profit.

You should buy DVC because you know you want to visit Disney every year for the forseeable future and you know you want to stay on property in a deluxe resort.

You should not buy a contract at a resort you don't like or don't plan to use.

You should not buy DVC if you can never plan more than a few months ahead of time and don't like SSR and OKW - because those are the resorts you'll probably find with vacancies.

Very, very wise advice. :)

disguy, IMO, I think you're looking at this the wrong way. DVC is not, and never will be, an investment vehicle, and it's not something you buy to 'try'.

When you buy DVC, you're essentially buying ~40 years of vacations at WDW. When you're choosing your home resort, pick one that you think your family will want to stay at most of the time. Not the one that you think will have the highest resale value if you decide to sell. There's absolutely no way to predict what the value of any of the resorts will be in the future.

As for whether you'll like DVC and want to keep your contract...DVC is pretty straightforward. Learn everything you can about the way the program works. If you think it suits your style of vacationing, that you'd be happy in the DVC resorts, and that you'll go frequently enough to make it worthwhile, then buy.

If you have doubts about any of it, then hold off buying until you are comfortable. DVC isn't going anywhere, and there will be resales available for many, many years to come.

TenThousandVolts
01-18-2007, 08:09 PM
Great advice SenecaBeach! When I was trying to figure it all out before I bought (last month) I would get such a headache trying to digest all the info.
As for SSR resales in the future- I have no idea what will happen- maybe they will be hard to sell, maybe not. But right now it is hard for SSR owners who 'want-out' to compete with the developer's sweet promo and fully stockked contracts with minimal closing costs. It will be interesting to see what the future holds.

LIFERBABE
01-18-2007, 08:16 PM
Great advice SenecaBeach! When I was trying to figure it all out before I bought (last month) I would get such a headache trying to digest all the info.



And dont you feel so much better now?:goodvibes I feel bad for those that go thru all that agony, only to become joyful owners with the rest of us:cloud9:
It's a vacation, not childbirth!:rotfl:

disguy1
01-18-2007, 08:27 PM
haha..your right..i get headaches from comparing resorts, prices, years left, resale prices, locations, ....feels like im getting a stomach ache blah

4Pluto
01-18-2007, 08:29 PM
There are 38 available resales for SSR on the TSS site. While that seems high compared to several months ago, there are 33,805 club members at SSR as of December 6, 2006. (that leaves 33,767 left to go).

If it's a mistake, you're in good company.

CarolA
01-18-2007, 08:47 PM
disguy,

I think you'll drive yourself crazy trying to figure out what's a good "investment" because any timeshare is NOT a good investment and you should not buy with the intention to sell at a profit.

You should buy DVC because you know you want to visit Disney every year for the forseeable future and you know you want to stay on property in a deluxe resort.

You should not buy a contract at a resort you don't like or don't plan to use.

You should not buy DVC if you can never plan more than a few months ahead of time and don't like SSR and OKW - because those are the resorts you'll probably find with vacancies.

YES! Any reputable investment advisor would run HOWLING with laughter at the DVC as an investment theory. By the time you add in dues, selling costs etc.. it's not!

(Kind of. I am the queen of late booking. Lucky for me if it's on Disney property I like it LOL!)

vandy
01-19-2007, 02:53 AM
well...I am unsure about the whole thing, I have no experience with it. It looks like a good deal, not sure its worth the investment to buy a OKW resale with lotsa banked points or go with SSR....not sure of best deal anymore. the more i look the more confusing it gets:headache:

Agree to all posts, if it turns out to be a great investment then that is only a bonus. Buy it for you and your future vacations.
ALSO:
After I purchased my SSR points, I was chatting with my guide and stated that I had considered buying a resale with banked points. They stated that if it had a decent amount of banked points, it would probably not pass ROFR because right now Disney was buying up contracts with banked points. If their statement was true then that is something to consider. Does the time your purchase closes matter? Closes in approx. 30 days with SSR, 7 weeks through resale.

dumbo71
01-19-2007, 08:14 AM
Really? Well, I think I'm gonna' pull out all my teeth because I believe in the Tooth Fairy.



Well, I've finally achieved full Dis status. I ended up on the wrong side of a Rinkwide one liner!!!!!!!!

Thanks for making my day Rinkwide.:thumbsup2

bradpga
01-19-2007, 10:02 AM
There are 38 available resales for SSR on the TSS site. While that seems high compared to several months ago, there are 33,805 club members at SSR as of December 6, 2006. (that leaves 33,767 left to go).

If it's a mistake, you're in good company.
__________________

Nice point and thanks for the research. I love being a SSR / DVC owner. I must admit that there are times I question my purchase, although if I were offered a full refund for my purchase I WOULD NOT SELL! If it is a "bad" investment it is nice to know that I am in good company!

crisi
01-19-2007, 10:41 AM
haha..your right..i get headaches from comparing resorts, prices, years left, resale prices, locations, ....feels like im getting a stomach ache blah

Do it in a structured fashion. List out all the possible attributes important to you and rate them (it will be subjective - decor is big for me, and others don't care). Maybe perceived resale value is an attribute you care about (wasn't for me, but we are all different). Then rate the resorts against the attributes (once again, it will be subjective - I like the location of the Epcot resorts, but other people think SSR has a superior location). Multiple the weight by the rating, add up the numbers and see what falls out. If what falls out makes you go "Really!" you probably weighted something too high or forgot an attribute that is important to you. If you catch yourself cooking the numbers so that a particular resort looks really attractive, you have your answer.

TammyAlphabet
01-19-2007, 01:13 PM
Well, I've finally achieved full Dis status. I ended up on the wrong side of a Rinkwide one liner!!!!!!!!

Thanks for making my day Rinkwide.:thumbsup2

Congratulations!!:lmao:

LisaS
01-19-2007, 01:49 PM
After I purchased my SSR points, I was chatting with my guide and stated that I had considered buying a resale with banked points. They stated that if it had a decent amount of banked points, it would probably not pass ROFR because right now Disney was buying up contracts with banked points. If their statement was true then that is something to consider.In my experience, this is a scare tactic that some guides use to try to steer people away from the resale market. My guide used the same line on me, but I purchased resale anyway and had no problem getting through ROFR with a BWV contract with banked points. Many people here have purchased "loaded" contracts (all previous UY points banked, all current UY points available, all of the next UY's points available) and sailed through ROFR. With few exceptions, as long as the price is right, the deal will pass. I don't see any evidence that banked points matter in Disney's decision process.

salmoneous
01-19-2007, 02:16 PM
I don't see any evidence that banked points matter in Disney's decision process. Now I'm just a casual observer, and it's dangerous to draw conclusions based on a few data points, but from what I see, Disney doesn't place much value on banked points at all. You'll see full or even banked contracts passing ROFR at 5$/point above the price stripped contracts are being ROFR'd.

You see the same thing in the marketplace in general - a lack of appreciation of the value of banked points. The asking prices for full/banked contracts just aren't that much higher than the asking prices for stripped contracts.

Again, just my casual observations. Hopefully some of the folks who really study this stuff can comment....

rinkwide
01-19-2007, 03:20 PM
...I was chatting with my guide and stated that I had considered buying a resale with banked points. They stated that if it had a decent amount of banked points, it would probably not pass ROFR because right now Disney was buying up contracts with banked points. If their statement was true...I've never actually met my guide but I like to imagine him as a little wooden boy with a long nose.

Dean
01-19-2007, 06:14 PM
Let me point out that it's possible to get most of the savings of DVC without owning DVC. In many cases, for far less dollars that one that actually owns. It certainly depends how you use it, how frequently you would go, when and what unit size, your risk tolerance and what you would do if you didn't own DVC. It seems many here feel the only choices are owning or paying rack rates for a DVC unit or a deluxe room. That is certainly not the case for many people if they would just explore their options and become educated. I'd estimate that close to 50% of those on this board that are owners actually pay more in the long run than they would for the same exact stay assuming they would save and invest the difference on any given trip. But as others have pointed out, it's not just about money though anyone that doesn't at least consider the REAL costs is being foolish.

Disney Doll
01-20-2007, 05:07 PM
Awww...disguy...don't make it harder than it is.

Ask yourself this question..."If DVC changed the rules tomorrow and I had to always stay in my home resort for every vacation for the rest of my life, I would be happy to always stay in _____".

Fill in the blank and buy there. It'll hold it's value pretty well, regardless of which home resort you have. The other consideration is contract length...if you're reasonably young, that extra 12 years that you will get on SSR and any resorts that come after it can be tempting.

DH & I bought in OKW about 10 years ago. There was only OKW and BWV to choose from back then, and a lot of folks told us we were nuts for not picking the Boardwalk location. OKW was a bit cheaper per point at the time, we like the size of the units, we like the relaxed feel, and so far, whenever we have wanted to stay at the BWV, we have been able to, so it's all good!

Delaware Mike
01-21-2007, 06:07 AM
...After I purchased my SSR points, I was chatting with my guide and stated that I had considered buying a resale with banked points. They stated that if it had a decent amount of banked points, it would probably not pass ROFR because right now Disney was buying up contracts with banked points.

Passing ROFR depends a lot upon how one has the resale agent structure the contract. There are tricks one might utilize.

If Disney thinks there isn't enough difference between the contract price and the price they'll sell those ROFR'd points to a member as an add-on, then the contract has a greater chance of passing.

Disney is a business afterall, and they have to cover their burden and cost with that price difference on these transactions.

drakethib
01-21-2007, 08:45 AM
disguy,

I think you'll drive yourself crazy trying to figure out what's a good "investment" because any timeshare is NOT a good investment and you should not buy with the intention to sell at a profit.

You should buy DVC because you know you want to visit Disney every year for the forseeable future and you know you want to stay on property in a deluxe resort.

You should not buy a contract at a resort you don't like or don't plan to use.

You should not buy DVC if you can never plan more than a few months ahead of time and don't like SSR and OKW - because those are the resorts you'll probably find with vacancies.


I agree 100%.

Some people get caught up in the moment at WDW (it is hard not to) and wind up with a big Timeshare contract and find that paying a monthly note and yearly dues are not all it is up to be.