Selling My DVC--Opinions on My Reasoning

boxer · Oct 7, 2015

Thank you for the replies and opinions! Again, I loved my time with DVC--but we basically all agreed that we don't mind the Studio accommodations, so we didn't feel the need to have that many points, or have that much of an investment out front. We spend ALOT of time at the resorts (hence the original reason to buy DVC to stay at Deluxe), BUT don't spend alot of time in the room to warrant extra points/cost for a 1-bedroom.

With that being said, we really went back-and-forth on selling our DVC, and just renting the points. Not sure if I made the correct decision or not--and only time will tell. I'm going to take a couple years renting, and possibly even looking into AP Rates, Bounceback, and other offers for even the regular rooms. If we feel that we made the wrong decision, we can always buy points again on the resale market.

Pigletpal40 · Oct 7, 2015

We owned VWL for twelve years and sold this past Spring. We loved every minute of ownership. We had many great extended family vacations. We knew what we were getting into, but every year dues and park tickets go up. Meal plans keep going up with less and less on the menu. The value of
VWL resales was still strong and we were able to get $1100. more than what we paid twelve years earlier. Our family really enjoys cruising and
our boys are getting older. When we do future Disney trips, we will rent from a friend. No regrets.

luckyman_apd · Oct 7, 2015

as frustrating as the price increases are....I'm not selling. We still have young kids that like to go, and I look forward to future visits with no kids and no parks. got the wife to do an adults only weekend with no parks (no parks she said! :scared1:

) but we had a great time. We bought 10 day non expiring tickets for the future when they discontinued them (I'm not touching them for 3 years as my son needs to use his before he turns 10 so it gets upgraded to adult for free) so that way we can have some price security for some future weekend trips.

In the end I could sell my BLT contract which is small, and even after the 10% commission I would still get more than I paid for it back.....but if we ever get that frustrated I can rent my points to cover the MFs......for as long as I need to. Unless I had a financial hardship and needed the upfront money back, DVC studio's cost us similar to a value room right now

Dean · Oct 7, 2015

boxer said:
Thank you for the replies and opinions! Again, I loved my time with DVC--but we basically all agreed that we don't mind the Studio accommodations, so we didn't feel the need to have that many points, or have that much of an investment out front. We spend ALOT of time at the resorts (hence the original reason to buy DVC to stay at Deluxe), BUT don't spend alot of time in the room to warrant extra points/cost for a 1-bedroom.

With that being said, we really went back-and-forth on selling our DVC, and just renting the points. Not sure if I made the correct decision or not--and only time will tell. I'm going to take a couple years renting, and possibly even looking into AP Rates, Bounceback, and other offers for even the regular rooms. If we feel that we made the wrong decision, we can always buy points again on the resale market.

While I understand the thought process, I think you'd be better off keeping it and just renting occassionally to dispose of the extra points. But you'll have options and less risk. Have you considered other timeshares?

mickeyman · Oct 7, 2015

You could stay for less points at different resorts and rent out the rest of your points. You have 270 points. If you use 170 per year and rent the other 100 for $12 per point you basically cover your fees

DVC Member · Oct 7, 2015

We bought 200 BWV points in 1998. Our kids were 2 and 6 years old and we have added on many points over the years buying directly from Disney. The advantage of owning DVC back then was the future increase in the rack rates. Plus, DVC offered better accommodations for a family than being in a hotel room. So, lets say you laid out $20,000 for 200 points. Over the lifetime that those points are yours, say 50 years, it cost $400 a year plus your MF. Still a bargain over renting or staying off property. Plus, unless you bought a resale the choices for vacations goes far beyond just Disneyland or Disney World trips if you use the membership to its fullest.

theww228 · Oct 7, 2015

Leaving DVC if you are leaving Disney makes sense, not leaving Disney, but leaving DVC does not make sense to me. Especially if you plan to stay at DVC resorts. I might understand if someone wanted to leave DVC and start staying at Values and off-site searching for the best deals.

DougEMG · Oct 7, 2015

With the increase in resale prices I've thought about selling but given that I want to keep going to Disney every year; hence ownership till the contract expires; keeping my points works out as the best long term option. So given my usage requirements, the only reason to sell would be with the hope that I could buy back in later at a much cheaper price. Anyone care to predict when the next crash in DVC resale pricing is going to be, it would make tngs so much easier :crazy2:

bookwormde · Oct 8, 2015

For me making the decision to sell involves a myriad of factors. The ever escalating cost of admission is a big part, but as important is that my kids are not far from heading to college, and retirement loom in the not to distant future. The biggest factor for me right now is that what I can get is 150% of what I paid for my OKW resale contract, and with the remaining years getting short I will likely be able to buy back in in 6-10 years for a lot less, or which to SSR for the lower maintenance fees. We only go 2 out of 3 years now, but have been doing it mostly by using an annual pass to cover 2 years. Pretty sure after our next WDW vacation, likely in 2016 if the prices remain where they are I will sell and pay down my mortgage. We will still likely be vacationing in Florida every 2 years, but it will be less WDW centric and what DVC we do will be last minute rental point combined with house rentals.

lovin'fl · Oct 8, 2015

This is why we bought our 505 points in several smaller contracts. We can sell down and keep just enough to do a trip once in a while. We just sold 100 of the 505 and now I am thinking about selling more.

recmouse · Oct 8, 2015

We've been owners since 2008. I originally told people to become DVC owners as it was great if you love going to Disney. I can't do it any longer. For those of us that are DVC and only go once a year, the Annual passes aren't worth it and the regular passes are ridiculously expensive. At least with the non-expiring tickets you could make them worth your while so you could use them over a few trips. TIW $150 now?!!! Definitely not worth it for us. It's generally just my husband and I that go... the thought of taking our kids again (6 children between 19 and 25 years old) I can't even imagine the cost just for the park tickets! We've enjoyed using our points at Hilton Head, Vero and a Disney Cruise... that might be the way to go more often until we decide if we're ready to sell or not.

We've never been able to exchange with RCI because we can't always plan a year and a half out for a vacation... because that's what you need to do if you want to get in somewhere. Nightly exchanges are extremely difficult because they only become available pretty much last minute.

Free dining to non DVC members, less DVC perks and higher maintenance fees... parks that are always crowded... :worried:

lovin'fl · Oct 8, 2015

recmouse said:
Free dining to non DVC members, less DVC perks and higher maintenance fees... parks that are always crowded...

Let's not forget all the planning they make us do now and the IT issues that make that planning frustrating. And the dining quality and service has gone down while the prices have gone up. I am really running out of positives.

jodifla · Oct 9, 2015

theww228 said:
Leaving DVC if you are leaving Disney makes sense, not leaving Disney, but leaving DVC does not make sense to me. Especially if you plan to stay at DVC resorts. I might understand if someone wanted to leave DVC and start staying at Values and off-site searching for the best deals.

Yes, I don't understand giving up that control and paying more per trip.

We've owned 20 years now and have not like all the changes we've seen. But, we were just there in late August, and we all had a great time and it was a wonderful break. We do not like staying in studios for any length of time, though.

WDW is also in a huge building phase. Once Avatar land, Toy Story Land And Star Wars areas are completed, I think there will be a huge desire for DVC properties. I think it is a mistake to think that DVC is going to get inexpensive in the next 10 years, and the price to rent points could skyrocket.

edk35 · Oct 9, 2015

This reminds me of the posts where people don't get DVC. I have friends that say "Isn't it cheaper to just save that money you are spending on MF's each year/month and just book a resort" Well what people aren't thinking about is resort prices go up every year and I know my MF's go up some years, but it's not to the extent of regular rooms and it won't be to the extent of what a resort room will be say in 10 years compared to MF's in 10 years. Renting points is based on what's available and like others said, risky with cancelling. Trust me those too will go up as well.

If you don't go to Disney every year or at least every other year, if you have smaller contracts, I say it's not for you. I love the fact that we planned a last min. trip last week.... for DW next month.....and I was able to get 2 studios for a week and didn't have to pay a cent out of pocket for a resort stay. We thought we might have to do a split with a regular resort and dvc. I say RENT YOUR POINTS for the time being and ride this out a while before you decide on this based on APs going up.

lovesdumbo · Oct 9, 2015

boxer said:
I will buy an AP (Gold level) before we sell--which will allow us another (2) years of visits.

You'll have to activate that AP before you sell too-you can't just buy a voucher at the DVC price. You need your DVC card to activate the AP.

MsTessP · Oct 9, 2015

recmouse said:
We've been owners since 2008. I originally told people to become DVC owners as it was great if you love going to Disney. I can't do it any longer. For those of us that are DVC and only go once a year, the Annual passes aren't worth it and the regular passes are ridiculously expensive. At least with the non-expiring tickets you could make them worth your while so you could use them over a few trips. TIW $150 now?!!! Definitely not worth it for us. It's generally just my husband and I that go... the thought of taking our kids again (6 children between 19 and 25 years old) I can't even imagine the cost just for the park tickets! We've enjoyed using our points at Hilton Head, Vero and a Disney Cruise... that might be the way to go more often until we decide if we're ready to sell or not.

We've never been able to exchange with RCI because we can't always plan a year and a half out for a vacation... because that's what you need to do if you want to get in somewhere. Nightly exchanges are extremely difficult because they only become available pretty much last minute.

Free dining to non DVC members, less DVC perks and higher maintenance fees... parks that are always crowded...

Everything above makes sense except for "free dining to non DVC members". Please remember that it is not "free" but only including during promotions which necessitate paying full rack rate and including a ticket package. It should also be noted that it is clearly stated on all promotional material that any and all DVC perks can disappear or be reduced at any time. I'm right with you, though, with the disappointment with the TIW increase. However, with the regular DVC discount for many restaurants, it is nice to know that a discount for many restaurants have not disappeared entirely. Before you cruise using points again, you should definitely look into renting your points and using that cash for your cruise - definitely a much better deal financially.

pmaurer74 · Oct 10, 2015

I would not want someone else in control of m reservation plus there is risk involved. I got tired of trying to get rooms at WDW and waiting for deals to come out that were fewer and fewer and not as good. I am concerned though about the increasing cost and my dd turns 10 next year so it will be more expensive if we continue to use the DDP.

Judique · Oct 10, 2015

boxer said:
We have decided to sell our DVC (actually already have an offer), and I wanted some opinions on my reasoning. We bought (270) points of BLT for a pretty good price on the resale market--and basically will make a couple dollars on the resale. After paying a couple years of MF (around $1300), I started looking around at places like David's Rentals and other places--where you can rent points for anywhere from $12/PP to $15/PP. We typically go on vacation once a year, for around (10) days.

A quick price check on David's (usually one of the highest PP) shows a (10) day stay at a Studio at BCV for around $2400. Taking into consideration that I'm usually paying $1300 in MF, that will be just around $1100 more to stay at a DVC--without the large chunk of money I put up for the actual DVC we owned.

When we sell our DVC, that large chunk of money will return to our savings account--and we can still stay at DVC-level resorts. I will buy an AP (Gold level) before we sell--which will allow us another (2) years of visits. My TIW card will also be re-purchased at our upcoming trip, so I will get (18) months out of that too.

Please critique my thinking, and let me know if I'm missing--or wrong on any information.

I don't really have a critique, but I do have a suggestion.

Since you still intend to visit Disney, why not buy a small contract that gives you 2-3 nights in your favorite resort?

Then you can bank and borrow and retain some control over your process. You would also qualify for the so called perks of our membership.

As time goes on, going often is not always as necessary, at least to me. I've got multiple contracts and haven't given up any yet, but I'm always weighing pro's and con's.

I bought so long ago, I don't even think of the seed money - yes I could sell and sock it away, but at my life stage it's not an issue. For me selling means not having to manage my disney points so much - it's another responsibility and a job. I'm staying at Hilton Head next summer and instead of stressing over completing my trip with non home resort points at 7 months, I've put it to rest by just booking the last nights as cash rooms - problem solved. Easier then renting, and not that much more expensive, plus the cancel policy is much better.

So, I'm kind of with you, but don't feel the need to completely cut the cord. I want to still be part of what I enjoy. Sounds like you do also.

DVC Mike · Oct 10, 2015

Judique said:
I don't really have a critique, but I do have a suggestion.

Since you still intend to visit Disney, why not buy a small contract that gives you 2-3 nights in your favorite resort?

Then you can bank and borrow and retain some control over your process. You would also qualify for the so called perks of our membership.

I agree.

. . . . . . . . . . . . . . . . . . . . . . .
Got questions about DVC?
★ ☆ ★ THE DVC INFORMATION CENTER ★ ☆ ★
in the DVC Forums has the answers to your questions about the Disney Vacation Club.
. . . . . . . . . . . . . . . . . . . . . . .

mom2grace · Oct 10, 2015

We just returned last night. We do not own DVC but always rent points and always stay at AKL, once at VWL. My kids are older than yours, 12 & 14, and I am glad now that we didn't buy in 15 years ago. It's allowed us to vacation other places, Banff, Canada, St. John USVI (multiple times), Rocky Mountains, Washington DC, NYC, Gulf Shores, Hilton Head (granted you could do DVC there) etc.

We love Disney and just had a really amazing trip, but we visit only every 2 years. We've also done DCL twice. We were in a AKL kidani 1 bedroom savannah view for 4 nights and a AKL Jambo studio savannah view for 1 night for $1800 this trip. Granted prices will go up, but at today's rates you can visit yearly for 16 years with the $30K. Or travel anywhere you want.

Selling My DVC--Opinions on My Reasoning

DIS Veteran

Mouseketeer

DIS Veteran

DIS Veteran<br><a href="http://www.wdwinfo.com/dis

Mouseketeer

Earning My Ears

"I just want it to look like nothing else in the w

DIS Veteran

<font color=darkorchid>Heading out now, another ad

DIS Veteran

DIS Veteran

DIS Veteran

WDW lover since 1972

DIS Veteran

DIS Veteran

Mouseketeer

DIS Veteran

Dis Veteran, Beach Lover at BWV, BCV, HHI, VB

DIS Veteran

DIS Veteran

Share this page