DVC RESALES
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Old 10-02-2012, 03:08 PM   #1
wendow
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Have some questions regarding buying DVC

We are considering trying to buy a small (maybe 100 points or so) contract for SSR through resale. We want to pay cash so while we love BLT and that is where we'd like to stay, we can afford SSR.

But here is my question...I understand the whole booking 11 months at home resort vs. 7 months at other resorts. So, if we need a 2 br and we want to be at BLT, is that possible? Are there typically 2 br available 7 months out? We'd prefer a SV but I understand most of their rooms are LV so we'd be ok with a LV too. I would not want to use points for a TPV. We can go anytime of the year and prefer less busy times. We were just there mid-Sept and loved it! My kids are at an age where they only care about attractions and characters and we were able to see and do lots with low crowds.

I have other questions but I want to get this answered first as this determines some of my other thoughts. Thanks!
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Old 10-02-2012, 03:21 PM   #2
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So, if we need a 2 br and we want to be at BLT, is that possible?
sometimes, yes. sometimes, no. that's the thing about the home resort advantage.

i would highly recommend buying SSR if you are happy to stay there if BLT or whatever doesn't come through.

if you will be disappointed to be "stuck" at SSR if your non-home resort doesn't come through (and i have had waitlist requests at 7 months out that never came through), i think you might find DVC frustrating.

lots of SSR owners bought in there with the notion that they would never have to stay there. the math on that simply doesn't work.

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Are there typically 2 br available 7 months out? We'd prefer a SV but I understand most of their rooms are LV so we'd be ok with a LV too.
LV is more likely. i know some BLT owners have complained that they have been unable to book SV rooms at around 11 months out.

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We can go anytime of the year and prefer less busy times. We were just there mid-Sept and loved it!
not all "low crowd" times for the parks are "low demand" times for DVC. early december is a very busy period for DVC bookings and booking BLT at 7 months would be less likely. IMO, mid-sept would generally work out for booking BLT at exactly 7 months out...but booking patterns can change and what's true at this point may not work well in a few years. it's a risk you take.

edited to add:

for reference, here's a picture of availability for december at 7 months out:

http://www.disboards.com/showthread.php?t=2919467
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Old 10-02-2012, 03:41 PM   #3
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Yoyu would most likely be booking SSR prior to the 7 month mark and then try to move to BLT at teh 7 month mark. Chances are some days will not be available. So you would have to make the choice of waitlisting the entire stay. If it comes through, you get BLT, else you will be at SSR.

OR, you can split your stay, possibly book the the days available at BLT and keep the rest at SSR. So you may get 3 days at BLT and 4 at SSR. Then you could waitlist the last 4 days to change to BLT. You probably have a better chance getting a few days on the waitlist as opposed to the other option.

This is the bigger issue to me. If you can not make the full move, you may get stuck with a split stay trying to get what you want. If you are OK with this option or you will be fine staying at SSR even if there is one day blocking you from BLT, then SSR may be OK for you.

I hope I exaplined that OK.
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Old 10-02-2012, 03:53 PM   #4
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There are 432 2 bedroom lockoff units at SSR and only 133 2 bedroom lockoff units at BLT. So if a SSR owner is wanting to always or most of the time get into BLT they are going to be disappoint a lot of the time.

Things that decrease your chance of getting the room are things like:
- not booking right at the 7 month mark
- the more days in a row you want
- wanting the cheap view or popular view
- going during the popular DVC times of year where low point cost = popular DVC time
- the less flexible your dates are

So no one is going to be able to tell you anything remotely like 50% of the time you'll get your BLT room.

Buy SSR if you won't mind staying there if you can't get into BLT, otherwise buy BLT .

Another option for you would be to buy VWL. It isn't that much more than SSR (MF are more though) and is still in the MK area. Then even if you couldn't switch you would still be in the MK area.
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Old 10-02-2012, 04:25 PM   #5
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Originally Posted by wendow View Post
We can go anytime of the year and prefer less busy times. We were just there mid-Sept and loved it! My kids are at an age where they only care about attractions and characters and we were able to see and do lots with low crowds.
Just a thought to project you into the future a little: Unless you plan to homeschool, your kids will not always be at an age where travel is possible anytime of the year. Had we bought several years ago, we would have based our needed-points decision around anytime-of-the-year travel, too. But, next year, my daughter enters junior high, and she will no longer be permitted to take a week's vacation, no matter how "educational" we spin Disney World to the administration. Beyond that, I don't think we would willingly take them out of school for more than a day or two at this point either: A week is a lot of work for them to make up, and a lot of learning for them to miss, and it certainly doesn't make the vacation relaxing or enjoyable with so much work for them to make up and do. Our window for travel to Disney is now summers only.
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Old 10-02-2012, 05:58 PM   #6
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Originally Posted by jennybdis View Post
Just a thought to project you into the future a little: Unless you plan to homeschool, your kids will not always be at an age where travel is possible anytime of the year. Had we bought several years ago, we would have based our needed-points decision around anytime-of-the-year travel, too. But, next year, my daughter enters junior high, and she will no longer be permitted to take a week's vacation, no matter how "educational" we spin Disney World to the administration. Beyond that, I don't think we would willingly take them out of school for more than a day or two at this point either: A week is a lot of work for them to make up, and a lot of learning for them to miss, and it certainly doesn't make the vacation relaxing or enjoyable with so much work for them to make up and do. Our window for travel to Disney is now summers only.
I feel your comment (about school age children) brings up some important things that the OP should consider before purchasing into DVC. OP, hopefully your ownership will be a long and happy/healthy experience. Your children may love BLT now, but as they grow, what will be their favorite park? Will you want to get away one year for an adults only trip during Food and Wine and therefore want a BWV or BCV villa (we are doing this in less than two weeks)?

OP, I would suggest doing some experiential research. Stay at as many resorts as you can before you purchase and think into the future as to what home resort would be best for you and the future of your family. Resale is going to be there for a long time, and the prices are not going to rise. Jump on a plane, rent points at different resorts, and enjoy your research.

We did this and it took over 5 years before we bought in, but all 1350 points we own were bought for an average of under $55 per point (BWV, OKW, and SSR).

Stephen
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Old 10-02-2012, 07:52 PM   #7
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Is it true that it is hardest to get DVC rooms during the least expensive times of year? Is there data for this or just anecdotal? The reason I ask is that I assumed DVC would manage the points to normalize supply and demand as needed. Like the way they reallocated points at SSR this year to account for the popularity of the treehouse villas. So it doesn't seem right to me that they would not do something similar for more popular times of year.
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Old 10-02-2012, 08:20 PM   #8
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Is it true that it is hardest to get DVC rooms during the least expensive times of year? Is there data for this or just anecdotal?
look at my link above.

(and yes, many of us held our breath when point chart reallocations came out for 2013 and will not be surprised to see early december move into a more expensive season in the future.)
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Old 10-02-2012, 08:42 PM   #9
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You also need to review the BLT point charts for a 2 bedroom. Most of the year, a 100 point ownership interest will barely get you 2 nights in a lake view room. During magic and premier season, 100 points won't cover 2 nights.
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Old 10-02-2012, 08:56 PM   #10
chalee94
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You also need to review the BLT point charts for a 2 bedroom. Most of the year, a 100 point ownership interest will barely get you 2 nights in a lake view room. During magic and premier season, 100 points won't cover 2 nights.
i think the OP is looking for an every-other-year type plan for mostly september trips...but i'd agree that looking at the standard view charts is unrealistic for non-BLT owners.
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Old 10-02-2012, 09:43 PM   #11
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Originally Posted by chalee94 View Post
i think the OP is looking for an every-other-year type plan for mostly september trips...but i'd agree that looking at the standard view charts is unrealistic for non-BLT owners.
You mean that a SV is not realistic for non-BLT owners?

And yes, we'd be looking for EOY trip, Sept or other low time (maybe late Jan).
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Old 10-03-2012, 05:35 PM   #12
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Originally Posted by wendow

Thank you. Those are the same things my kids loved at BLT so it sounds like OKW would be a good fit for us also. It's truly just giving up the convenience of walking to MK. And we did so enjoy watching Wishes from the hotel and the water pageant each night But not for the cost difference. We splurged and did that once but we cannot do it every trip. We are way, way too frugal for that I like the looks of OKW the best between OKW and SSR. Just looking at room pics. I guess there is plenty of availability there at 7 mos out for a 2 br? And did you really find SSR for $50 per point?? That is much lower than I've seen but I've not checked daily or anything.
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Originally Posted by DannysMom

Before you make any offers (once you are ready) you should keep your eye on the ROFR thread in this forum, to see what folks are actually paying. Like any other real estate transaction, sellers can ASK for any price they want, what the market will bear is an entirely different story. IMO, it would be tough to get SSR at $50/pt. but at $55-60/pt there are deal to be had.

Sent from my iPad using DISBoards App, please excuse any typos.
We just purchased an SSR contract for $50 per point. It took about 10 offers to get someone to accept this price. This was our second offer that was accepted at $50, but the first one fell through on the sellers end. You do have to look at points too. Some contracts are very stripped of points (none until 2013 or not all points in 2013, etc.) and some have extra points that were banked from a previous year. If you are getting a good amount of points, it might be worth it to bid a bit higher. We were fortunate to have all 2012 points and all points going forward in our contract.

My best advice is to look at the ROFR board to see the range of what properties are going for. Try to figure out how much you feel comfortable paying per point. Then, it just takes patience and a little bit of luck to get the right contract. Good luck.
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Old 10-03-2012, 10:01 PM   #13
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My best advice is to look at the ROFR board to see the range of what properties are going for. Try to figure out how much you feel comfortable paying per point. Then, it just takes patience and a little bit of luck to get the right contract. Good luck.
Congrats on your purchase! I'm definitely going to be watching the ROFR board
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