SSr will be hard to resell

[disguy1]

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

 

[salmoneous]

maybe im wrong but I been shopping the resale market and its flooded with SSR resales

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]

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

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]

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]

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]

...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]

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

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]

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]

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

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]

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 !!

 

[disguy1]

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

 

[cobbler]

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]

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

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]

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??

RELAX .... stop beating yourself have a 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.
All the DVC's are wonderful unto themselves and like most of us..you will be trying them ALL !!!

Stay cool ......

 

[Lynne M]

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]

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]

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? I feel bad for those that go thru all that agony, only to become joyful owners with the rest of us
It's a vacation, not childbirth!

 

[disguy1]

haha..your right..i get headaches from comparing resorts, prices, years left, resale prices, locations, ....feels like im getting a stomach ache blah

 

[4Pluto]

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]

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!)