DVC RESALES
DVC RESALES

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Old 03-26-2013, 03:25 PM   #16
nalajms
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Not trying to argue, but...

whoever brought up inflation might have missed the big picture - Disney is a monopoly. And they don't follow the same set of rules as your standard basket of consumer goods.
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Old 03-26-2013, 03:30 PM   #17
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whoever brought up inflation might have missed the big picture - Disney is a monopoly. And they don't follow the same set of rules as your standard basket of consumer goods.
Absolutely. Price should reflect market demand. Shouldn't follow inflation.
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Old 03-26-2013, 03:34 PM   #18
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Absolutely. Price should reflect market demand. Shouldn't follow inflation.
Technically a monopoly is the other way around. The supply and price is set by the monopoly, demand follows the price that's set.
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Old 03-26-2013, 04:15 PM   #19
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Technically a monopoly is the other way around. The supply and price is set by the monopoly, demand follows the price that's set.
Haha. That is true....although i don't believe DVC is a monopoly. They definitely have competition from their own hotels, resales, and neighboring hotels for vacation destinations so if their own price gets out of whack, their sales will decline.
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Old 03-26-2013, 05:01 PM   #20
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I still stand by my point that there is no incentive for the government to lie about the rate of inflation. We can cherry pick certain goods all we want, you cherry picked gas and food, I cherry picked big screen TVs. The movement in price of those items do not, in and of themselves, prove or disprove the accuracy of the government's inflation statistics.[/QUOTE]The government lies all the time, it's their nature. They cherry pick the parameters to make them look good or to justify a direction depending. Just look at the employment rate, excluding people who were working but are now not but are no longer looking artificially reports that number as far lower than it really is, there are many other similar examples. The medically uninsured group is another, it's over inflated to justify the outcome. That's why you have to look about 2 levels deeper with any given area to get an idea of the real situation.
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Old 03-26-2013, 06:56 PM   #21
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DVC isn't necessarily governed by inflation. If WDW and Disneyland are better and if the Disney brand has gotten stronger over the ten years, shouldn't the desirability of DVC also gone up proportionately. Markets over ten years should be somewhat efficient so DVC is probably priced right at this time.
I strongly disagree with this statement. If you look at booking with a discount or renting points for DVC stays, then buying direct at today's prices is a losing proposition for the first 15 years or more. That doesn't seem like a good price to me.

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I called Disney yesterday about points, the advisor told me when you look at closing costs from external contracts the cost is about the same as buying from Disney, I just can't figure out his thinking. 100 points through Disney are $160 a point, or $16,000, with a $1,500 credit and 4 5 day park hoppers, or I could go through a timeshare website, and get 100 points at $70 a point with closing costs and a total of $7435. The other factor is Disney doesn't do credit checks or financing, or at least thy didnt last time, Disney financing never showed up on my credit report
I know I sound like I'm nitpicking when I object to the term "guide" (or in your case "advisor") but I really do object to the use of that term. It signifies a mentality of the consumer that believes that these people are actually here to help you and have your best interests at heart. DVC salespeople are not advocates looking out for you. They are salespeople who represent a product and get paid when they sell that product. On average they are better than timeshare salespeople from other companies, and there is a range even within DVC. But you would be wise to stop calling them advisors and start calling them what they really are...salespeople.

As for the math, there's a reason why you can't make sense of it. It doesn't make sense. DVC salespeople are using closing costs to try to equalize resale and direct purchases, but recent reports are that closing costs for direct purchases have gone up so that they are now about 50% of the closing costs of resales (about $200). There is no way that a purchase of any size resale contract at any reasonable cost would not be a savings given these numbers. As far as financing your purchase, you should really do the math on that and see what kind of costs it adds to DVC.

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if your just adding 50 points good luck finding a resale contract when they come up for sale they are bid on and often get more then asking. you add in closing costs you are not saving that much compared to your time your waiting. i just added 30 points direct cost 3,000 for the add on i got an email blast for 40 OKW points yesterday stripped for like 70 something a point with 400 in closing. when you add it up your not really saving.
You're conflating issues here. Yes it is more convenient to buy a small contract direct (although with the recent growth of the waiting list this is now debatable). It is definitely easier to call DVD and sign up to buy a small contract as opposed to stalking the resale sites and dealing with all the competition. So those points you made are completely valid.

But your other claims about not really saving and the price being equal are simply not true. Even using your example of a stripped contract, the price per point works out to be $85 per point (including closing and adding $11 in lost value for the missing points. An equal direct purchase would be about $102 per point. So you are saving, in this case $17 per point. And this is at the old rates. OKW is now $130 per point, so the difference is actually $47 per point.

So go ahead and make all the convenience arguments you want, because they're totally valid. Talk about how you want the real deal or you don't want to deal with the hassle of resale, because I can respect that opinion even though I don't share it. But when you try to justify the purchase using dishonest figures or comparisons, you lose credibility across all your arguments.
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Old 03-27-2013, 08:52 AM   #22
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what was the increase in the cost of a 1 day park ticket over this same time and compare it with the increase of the cost per point of the DVC i bet they are not that off....
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Old 04-01-2013, 04:20 PM   #23
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Must have misread the title of this thread. Didn't think it had anything to do with everyone tooting their own horn about their degrees and credentials.
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Old 04-01-2013, 04:43 PM   #24
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I strongly disagree with this statement. If you look at booking with a discount or renting points for DVC stays, then buying direct at today's prices is a losing proposition for the first 15 years or more. That doesn't seem like a good price to me.

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I didn't indicate whether direct/indirect is priced right. My only point is that prices usually settle at an amount that consumers feel is priced correctly especially in a free market. It also doesn't matter whether you feel its priced correctly if demand exceeds supply...you may feel its overpriced but many people who purchase at direct prices do not feel this way.

Obviously, the wait-lists for Disney's direct points say that higher prices are warranted. If I were Disney, I would keep raising prices until i found the point that supply exceeds demand
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Old 04-01-2013, 04:58 PM   #25
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Returning to how this thread started: OP there are resale brokers that have significant experience and ability in selling DVC resales, The Timeshare Store being one is a sponsor of this site and you can easily find it just by going to its ad at the top of the page. It is cheaper to buy resale. Disney has a limitation in that points purchased resale cannot be used for certain Disney Collections (regular Disney hotels other than those at Disneyland, Disney's concierge collection of hotels, the cruise, and Disney adventure vacations). Most do not consider that a loss and they are perks that could be taken away at any time from everyone if DVD felt like it.

In looking, you will have issues to be aware of. One is that you should try to find a resale that is in the same use year as you; that way the contract will be combined with your existing contract for the purpose of reserving and banking as long as DVD is informed that is desired when the purchase is made. If you buy one in a different use year that becomes a separate contract the same as if it belonged to a new member and its points cannot be combined with prior contract to reserve any single day absent a formal transfer of points. A second issue is that it may be difficult to find a low point contract like 50 for your resort in your use year and your option is to wait-list with the brokers or go buy from Disney. Third is that low point contracts sometimes demand a premium because they are in high demand but it is still a price much lower than Disney. Fourth is that you need to make sure you know exactly what you are buying when doing a bid as it relates to points because some contracts will have existing use year points, some both existing and some banked points, and some may have no current points and all points from the next use year may have already been borrowed and used (called a stripped contract) with the effect that you get no points for more than a year and possibly two. Fifth is to know that all things are negotiable although that will likely be less so for a small contract but, particularly for those stripped contracts, you should be asserting that the seller not you should cover dues for the remainder of the year.

The main advice anyone can give with a resale is to have patience. If you must have whatever you want immediately then resale may not be your best option including because even if you can find a resale and get it, it takes time to get to closing and to get to the actual use of the points shortly after closing. Note as to closing costs, buyer does pay them with a Disney sale and usually with a resale although even that is negotiable in a resale.
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Last edited by drusba; 04-01-2013 at 05:03 PM.
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Old 04-01-2013, 08:26 PM   #26
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I have a UY of August. We vacation mid October to mid December. If I bought a resale contract with UY of September or October how would this affect me at the time I make a reservation at my home resort at the 11 month window?
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Old 04-01-2013, 08:39 PM   #27
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I have a UY of August. We vacation mid October to mid December. If I bought a resale contract with UY of September or October how would this affect me at the time I make a reservation at my home resort at the 11 month window?
It wouldn't have any effect on reservations within that contract. It would have effects if you had to cancel or if you were trying to combine points for a single night or to do 7 days or more using the 2 contracts together. August is fine for what you're doing, if you could get the same UY, you'd be better off.
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Old 04-01-2013, 09:51 PM   #28
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When dealing with a resale broker do you tell them to look for a contract with an August UY or do you just keep searching resale sites until you find what you are looking for. thanks in advance.
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Old 04-02-2013, 06:48 AM   #29
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When dealing with a resale broker do you tell them to look for a contract with an August UY or do you just keep searching resale sites until you find what you are looking for. thanks in advance.
Both plus get on any email list they may have for advanced notice of any upcoming contracts to be listed.
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Old 04-02-2013, 07:11 AM   #30
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