Finally a buyer's market for BWV?

[Tinker Bell]

I count over 20 BWV resale offerings at the two major brokers. Many of these actually have banked points! I bet some of these could be picked up in the low 60s with full 2002 points.

This looks to be a significant softening in the BWV resale market from 6 to 8 months ago.:smooth:

[Stinson]

What's the name of the second broker? Thanks.

[BounceyOne]

can I have some details? I'm curious.

[Tinker Bell]

Here is one (http://www.disneyinfo.com/timeshare/dvclisting.cfm)

Here is the other (http://www.atimeshare.com/cgi-local/listd.cgi?disy)

[BounceyOne]

Thanks :D

[ralphd]

The current economy is going to have an effect on the resale market. I still believe we will start to see some recovery late in 2002, ----if there isn't another major negative event.

ralphd:) :) :) :) :) :)

[Tinker Bell]

:bounce: :bounce: Bump! :bounce: :bounce:

I am looking for some insight from anyone with recent experience pursuing a BWV resale.

Thanks

[chris1gill]

Tinker Bell, I agree.... I've been watching the BWV market for quite a while, and this is the best time to purchase a BWV resale... Not long ago they were running around 70/pt, now it's closer to 60... Also, I saw at least a couple of packages actually priced around 55.00/pt, so I don't think Disney is buying packages back at 58.00/pt...

[Ed T]

There certainly are some very good resale deals out there right now. The sellers are very motivated and some contracts come with banked points.

It is worth looking at.

Ed

[DVCajun]

I think Dean was trying to buy a BWV resale at a very good price. Has anyone heard the outcome of that?

[Dean]

Contract and ernest money in for BW contract in the mid 200 points range for $54.50 per point plus closing bringing total to $56.50 per point. All of 2002 points available and a small portion of the 2001. There are also over a 100 reservations points but it is unclear if we will be getting those although I suspect we will. The question is whether DVC will let it go through, my bet is they will but others seem to think not. We shall see. If things don't work out, may do a 100-150 points add on.

[Ed T]

Nice job Dean. Good luck I hope that it gets approved.

Ed
DVC 1994

[mg]

I am in the process of purchasing a Boardwalk resale. We are getting all of 2001 and 2002 points at a great price. Patience really does pay off! If you have been holding off, now seems to be the time to buy!

[nisiemouse]

Dean: If you don't mind me asking what company are you working with? What was the original asking price for BWV? What a great deal! Congratulations.

[Dean]

I won't say anything until we're finalized. The broker did email me today that the buyer has a second contract he's decided to sell and the price is even less than the first. I'll probably take him up on his offer though it's low enough that I seriously suspect DVC will buy it back. I'll let you know what happens.

[fkj2]

When you finalize, will you also share that info with me? Thanks. fkj2@netscape.net

[disneydawn]

mg...when you say "great price" what range are you talking? (If you don't mind telling) and does it include closing costs? Thanks. I am starting to seriously look for about a 150 point add on at BWV and I too would like to know what is acceptable to offer.

[nisiemouse]

I hope everything will be finalized in your favor soon.:)

[buck4568]

We just signed papers and sent in a deposit for 100 pts at BWV. For $60.00 per pt. plus closing cost of $375, so 63.75 per pt. We paid about that when we first bought in 1998. Picking up there 01 points to boot which we will bank.

I contacted The Timeshare Store and A Timeshare Broker.
Jacki from A Timeshare Broker called me this week with the offer. Someone is selling 250 pts and they split 150 for someone else and 100 for us.:D

:) :) :) :smooth:

[fkj2]

That answers one of my questions; they're able to split a larger amount into smaller ones, right or is that only possible if there was an original contract and an add-on?

Also, was what you paid the asking price or an offer, if I can ask?

fkj2@netscape.net

[Dean]

Originally posted by fkj2
That answers one of my questions; they're able to split a larger amount into smaller ones, right or is that only possible if there was an original contract and an add-on?
fkj2@netscape.net Whole contracts cannot be split. I'm sure this was someone who had an 150 pt contract with a 100 point add on or something to that affect.

[fkj2]

Thanks, Dean. I was afraid that was the way it might be. I guess if I ever do look into this, I'd have to shop for a smaller amount.

[drtpaper]

The prices bottomed a few months ago. I don't believe there were many at the bargain basement price. You have to also include the closing costs and maintenance costs in the points calculations. I followed the boards every day and some of the lowest priced resales were sold the day the went on the board.

We got 150 points with a full year banked and 150 coming next month for around 10K. Some of the best priced packages had all the points borrowed through 2002. With resale values of $10 a point. Having your points for the current year really changes the value. You have to research the points to truly understand what you are getting. A couple of hundred points can change to current value of the package by $2K or so.

[buck4568]

You are probably right. The other 150 went for more money. I was told those pts. were $65 each.

fjk2
The broker called me at work and told me the price and I asked if I could make an offer, although I have been watching the online prices and figured that $60 was a good deal for what I wanted. She said that she had 8 others on her list to call before she would make an offer so I took them.