Why is adding on direct so popluar lately?

[z28wiz]

Just so you know I was apparently the first of nine offers on that property. So If I didn't buy it someone else would at full price.

 

[dwight16]

That is what I am talking about was there a bidding war? 50 point or less contracts go so fast!

 

[z28wiz]

No and the three brokers I've used never did bidding wars when I offered more then what listing was. Last week I saw a bwv contract at another broker and offered 4 per point above asking but the broker said someone was before me and they would gave it to them, yet their offer was lower.

 

[NoleFan]

No and the three brokers I've used never did bidding wars when I offered more then what listing was. Last week I saw a bwv contract at another broker and offered 4 per point above asking but the broker said someone was before me and they would gave it to them, yet their offer was lower.

Well, that's good to hear. However, this same broker had a bidding war with a property earlier in the week.

 

[z28wiz]

Well, that's good to hear. However, this same broker had a bidding war with a property earlier in the week.

I guess its pick and choose on their part.

 

[NoleFan]

I guess its pick and choose on their part.

Kudos to the broker on the BWV conract that honored the earlier bid. I don't agree when a broker participates in bidding wars especially in this market. They are merely capitalizing on the sellers market to make extra $$ but the first full price bid should be honored IMO

 

[dwight16]

Kudos to the broker on the BWV conract that honored the earlier bid. I don't agree when a broker participates in bidding wars especially in this market. They are merely capitalizing on the sellers market to make extra $$ but the first full price bid should be honored IMO

Why? if your selling your house and have 3 bidders game on! why would this be different? if i was selling a contract and it had 8 people offer i would be furious bids were not taken

 

[NoleFan]

Why? if your selling your house and have 3 bidders game on! why would this be different? if i was selling a contract and it had 8 people offer i would be furious bids were not taken

It's not Ebay & you're not buying a house. For the inflated prices of contracts sold via bidding wars, I would rather buy direct from Disney.

 

[maiyoli]

It's not Ebay & you're not buying a house. For the inflated prices of contracts sold via bidding wars, I would rather buy direct from Disney.

I agree it might be a reason why people are going with direct. I thinking about buying for the first time. I keep thinking resell or direct ? It might be worth direct then have to wait for months, put in bids and Disney take it away from me. I'm so glad I have been reading all these post I'm learning so much. Thank you everybody.

 

[NoleFan]

I agree it might be a reason why people are going with direct. I thinking about buying for the first time. I keep thinking resell or direct ? It might be worth direct then have to wait for months, put in bids and Disney take it away from me. I'm so glad I have been reading all these post I'm learning so much. Thank you everybody.

Definitely a sellers market now. You can find a savings via resale assuming no bidding war & depending upon contract, location, etc. I just don't do the bidding war thing.

 

[dwight16]

I never really understood why there was such a gap from Disney prices to resale. I understood a little during the recession first thing to go was the timeshare. It all comes down to supply and demand. Demand is up now so we are seeing less of an advantage buying resale.

 

[ELMC]

yes if you were making a statistical comparison over the last 5 years of course but none of that matters its all about current markets and current prices. i have been on the email list for all contracts under 50 points for the last 3 months at one of the 3 big DVC sellers and this was the first contract offered in the last month. Markets dictate price and what you think does not matter when the free market is setting its price. the new price for a classic resort for 50 points or smaller is 78 a point. the is the last sale and how others will be valued going forward.

I stand by my statement that you made an awful comparison. Nowhere did I reference anything about resales over the past five years. Your assertion that one sale somehow defines the market and sets the benchmark for future pricing is absurd.

Why? if your selling your house and have 3 bidders game on! why would this be different? if i was selling a contract and it had 8 people offer i would be furious bids were not taken

Real estate agents selling homes have a fiduciary responsibility to the seller they represent. Timeshare brokers are transaction brokers and represent neither the buyer nor the seller. They are two completely different relationships.

 

[z28wiz]

I stand by my statement that you made an awful comparison. Nowhere did I reference anything about resales over the past five years. Your assertion that one sale somehow defines the market and sets the benchmark for future pricing is absurd.

I agree. But even with this contract costing more per point then the others, its a $2000+ savings over current direct prices.

 

[Minniesgal]

From what I have read a lot of the people who recently went on the direct wait list are looking for 25-50 points contracts that are relatively hard to find resale and where the cost differential is probably lower. A lot of these were probably people who had been thinking about adding on for a while but were spured to act by the pending price increases. I'm not saying all but I have heard of a lot of people waiting for quite small add ons for BWV

 

[ELMC]

I agree. But even with this contract costing more per point then the others, its a $2000+ savings over current direct prices.

From what I have read a lot of the people who recently went on the direct wait list are looking for 25-50 points contracts that are relatively hard to find resale and where the cost differential is probably lower. A lot of these were probably people who had been thinking about adding on for a while but were soured to act by the pending price increases. I'm not saying all but I have heard of a lot of people waiting for quite small add ons for BWV

I completely agree. As has been said many times by myself and others, there are situations where buying direct is a more viable option than buying resale. What I objected to in this thread was the analysis which in my opinion was inaccurate and misleading.

 

[dwight16]

how do you figure saving 2000 bucks

the person who paid 78 a points and no points until 2014 and 400ish in closing you paid real close to what disney was charging 1 month ago or if you were on the wait list. i know this for a fact BC i just bought direct 2 weeks ago sept use year and i got 2012 points and 2013. i paid 103 a point all in.

ok so you paid 78 if you value the loss of 2012 and 2013 points at 11 a point we are up to 100 a point and you add 8 per point in closing. you actually paid more per point then i did 2 weeks ago. HOW often does that happen via resale. yes i have to pay 5 bucks or so per point for 2013 so we are back to even........why deal with the stress on small contacts?????

 

[z28wiz]

how do you figure saving 2000 bucks

the person who paid 78 a points and no points until 2014 and 400ish in closing you paid real close to what disney was charging 1 month ago or if you were on the wait list. i know this for a fact BC i just bought direct 2 weeks ago sept use year and i got 2012 points and 2013. i paid 103 a point all in.

ok so you paid 78 if you value the loss of 2012 and 2013 points at 11 a point we are up to 100 a point and you add 8 per point in closing. you actually paid more per point then i did 2 weeks ago. HOW often does that happen via resale. yes i have to pay 5 bucks or so per point for 2013 so we are back to even........why deal with the stress on small contacts?????

How, its just simple math. First off there is no 2012 points it's a feb use year so dont know where you got that from. I was talking about direct prices now, not pre increase. Its 130 per point now. 130*50=6500+180 direct closing by disney=6680.

My contract is 3900+400(not getting title insurance)=4300

6500-4300=2200

Even if you factor i didnt get 2013 points, im not paying dues this year. I could rent 50 points say for 11 dollars which would be $550 on top of my cost. But then you have to subtract the due payments of $289.00 since i wont have any for 2013 and you would buying direct. Yes i know they are prorated but still have to subtract say $200.

Which would be a total difference of $2000.00 give or take. I do have to agree with ELMC you do tend to give inaccurate information and are trying to maybe justify buying direct. But number wise you are very wrong.

 

[z28wiz]

also even at old prices im still ahead. What was it prior $102 a point?
102*50=5100 plus closing 180=5280

 

[dwight16]

the only thing that was wrong in my problem was the Feb use year i was using my use year September and in my "case" i was 10000% right......anyone who was serious about adding on less then 50 points over the last 2 months for a small contract would have been on a wait list just in case. my first buy was resale so i 10000% support resales and agree in buying more then 50 points its the way to go 99% of the time. i am just trying to point out the game is changing and its not like it used to be 3 years ago. your 78 a point i want to bet someone on her the next one we actually see will be for more.......

 

[z28wiz]

So $2000 isnt a big savings? Or almost $800 pre increase? But regardless its not pre increase prices anymore unless you wait listed prior. There are contracts for cheaper but I wanted a small add on at VWL. When its all said and done there is no way this can be spun that I didnt save a huge amount for such a small purchase compared to current prices.