DVC RESALES
DVC RESALES

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Old 07-11-2013, 07:21 PM   #1
marivigi
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Has anyone who purchased DVC

Ever regretted it?
If so, why?

Just looking for others experiences before commiting


Thanks!
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Old 07-11-2013, 07:39 PM   #2
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Quote:
Originally Posted by marivigi View Post
Ever regretted it?
If so, why?

Just looking for others experiences before commiting


Thanks!
Yes, these people:

http://fidelityresales.com/dvc-resales.php

http://www.dvc-resales.com/dvclisting.cfm

Seriously, though, there are many people who regret their purchase and many others who simply outgrow it. If you do the research about exactly what you are getting and how it does or does not meet your vacation needs, odds are you won't be in the group that regret it. But it is good that you are thinking about this possibility, and I would strongly recommend that you purchase resale so that if you do end up regretting it, you won't get killed when you go to resell your contract. Good luck doing your research!
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Old 07-11-2013, 08:28 PM   #3
chalee94
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Quote:
Has anyone who purchased DVC
Ever regretted it?
If so, why?
most of them are not hanging around the DVC forums any more. some didn't understand what they were buying and were frustrated. some got in too deep financially. some enjoyed DVC but had job losses or their family situations changed or their health declined. google can help you find them, though, if you want to read some of their stories:

http://www.disboards.com/showthread.php?t=2875868

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Might need to sell, any advice or info???
Thanks to the FABULOUS economy we may be selling our points for VWL. I'm absolutely heartbroken but you gotta do what you gotta do.
http://www.disboards.com/showthread.php?t=2539929

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Counseling of Debt?? Has anyone ever heard of this before?

We've been trying to sell our contract since April through the Timeshare store but haven't gotten a buy yet. Now we are having trouble making our loan payments.

I called DVC today and the women told me I could sign over my contract to Disney in what is called a Counseling of Debt.
http://www.disboards.com/showthread.php?t=2844827

Quote:
I am a current DVC owner and need to sell due to family changes (AKA another baby on the way)
http://www.disboards.com/showthread.php?t=2209549

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Selling DVC Membership - Financial Difficulties
Hi All, Has anyone had any experience in selling their DVC ownership?

Due to the fact that we are constantly struggling to maintain payments on our membership, the only sensible thing to do is to sell it, but I am not sure how straight forward that is.

We have had our SSR (150 pts) since 2005 and I think a balance of cost and also our changing family holiday requirements (2nd child on the way) have made it that selling is probably the best option for us.
http://www.disboards.com/showthread.php?t=1932901

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selling our DVC - I hate to even go down this road, but it may be necessry due to recnt events
http://www.disboards.com/showthread.php?t=2267126

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Need love having to sell ;-(
I am just devastated. We have a large blended family and will be hard pressed to help our kids with college and weddings. Our DVC holding was the only thing that I was really excited to leave to our kids and future grandchildren. It was paid for and safe. Not so much anymore.
http://www.disboards.com/showthread.php?t=2840363

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Help - Need to Sell, sad tale ..
This is NOT an ad to SELL - just my story -

We have been OKW members since 1991 and have loved every year of ownership.

My husband recently suffered a Stroke and we won't be using DVC anymore!
http://www.disboards.com/showthread.php?t=2331660

Quote:
Selling DVC
I am trying to get out of debt in four years. To do this I should sell my DVC.
I have a few questions and if anyone has the time to answer them I will be greatful.
http://www.disboards.com/showthread.php?t=2132471

Quote:
Is anyone else getting frustrated with availability and choices?
I have to say I'm finding it harder and harder to go where I want to go when I want. Now, keep in mind, I'm a planner. I typically don't wait until last minute, however, on every now and then we want to go somewhere with maybe 2 months planning. We tried this for this summer and for two properties in the Lake George are (one concierge collection and the other RCI) I was told no availability until September! I gave them the whole summer to find something and nothing!
Anyone else???
http://www.disboards.com/showthread.php?t=2212776

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Ready to sell DVC, not happy with it
We've been members for about 5 years now, and I absolutely loved my DVC membership up until the last few months. Now I'm ready to sell for the following reasons. Am I crazy?

1) Our most recent visit to BWV this week was awful. We were in a studio on the first floor and the condition of the room was not good...

3) $700 a year in annual dues is a lot...

4) I am not happy with the fact that Disney continuously markets and sells DVC rooms on a cash basis for tad over the cost of moderate resorts at peak season...

5) It is becoming increasingly difficult to get a reservation that we want. Every time I call, either none of our dates are available (and we are quite flexible) and/or the only options are OKW or SSR. Fortunately, a few of those times, our waitlist request has gone through which was nice, but I don't care to count on that. 5 years ago, we would get the dates and location we wanted first try. Now, its nearly impossible.

6) The buses seem to be getting worse too...


We visit WDW 1-2 times a year, and it just seems to make more sense to me to purchase reservations each time than deal with all the hassle of DVC...I'll take about a $5000 loss if I sell now, but I figure that is $1000 for each year that we used the club + dues, which I can stomach.

Overall, I like the flexibility of paying cash for reservations each year. I like the ability to stay on the monorail on the dates that I want. I like the quality of non DVC resorts. DVC just doesn't seem to have a place for me anymore. Am I crazy????
http://www.disboards.com/showthread.php?t=2986816

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Frustrated New DVC Member
Looking for input from experienced DVC members. My husband and I have been members for 2 years now and we are incredibly frustrated by how hard it is to get reservations without planning 9 to 11 months in advance. We had hoped to use our points with less planning required since we don't have children and our schedules are rather flexible. Did we make a mistake? Would we have been better off just watching for deals at the resorts and scheduling trips as they came up up with discounts?? Right now I would be more excited about getting a PIN with a 30-40% discount then being frustrated by the fact that I can't seem to find reservations when I am within a couple of months of wanting to pop down to Disney for a few nights.
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Old 07-11-2013, 08:44 PM   #4
Dasha Hermosilla
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I think one key to not regretting the purchase (using the assumption that there are no financial concerns/issues) is to BUY where you want to/are willing to stay. Yes, you often can switch at 7 months, but at certain times of the year and into certain resorts it is hard/impossible. Take the time to think it through. We almost bought AKL but decided against it since we have always stayed at BLT and love the proximity to MK. In truth, I would be heartbroken not to be able to get into BLt when we wanted to (presuming we properly planned obviously.) funny thing is.... Our first DVC stay was SSR (since we booked spring break only 2 months out!) and we really liked it. It's perfect since I know I can plan ahead and have exactly what I want or not plan and SSR is a very good option that is often available. (Please no one take this as a SSR knock.... We really liked it, but proximity to MK is what makes BLT key for us.)
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Old 07-11-2013, 09:11 PM   #5
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Quote:
Originally Posted by chalee94 View Post
most of them are not hanging around the DVC forums any more. some didn't understand what they were buying and were frustrated. some got in too deep financially. some enjoyed DVC but had job losses or their family situations changed or their health declined. google can help you find them, though, if you want to read some of their stories:

http://www.disboards.com/showthread.php?t=2875868



http://www.disboards.com/showthread.php?t=2539929



http://www.disboards.com/showthread.php?t=2844827



http://www.disboards.com/showthread.php?t=2209549



http://www.disboards.com/showthread.php?t=1932901



http://www.disboards.com/showthread.php?t=2267126



http://www.disboards.com/showthread.php?t=2840363



http://www.disboards.com/showthread.php?t=2331660



http://www.disboards.com/showthread.php?t=2132471



http://www.disboards.com/showthread.php?t=2212776



http://www.disboards.com/showthread.php?t=2986816
These threads are a perfect reference for anyone who enters into a direct purchase (especially a financed one) nonchalantly dismissing the possibility of a sudden financial hardship. Thanks for compiling these sad and scary stories.
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Old 07-11-2013, 09:21 PM   #6
marivigi
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Thank you very much for your replies.


I do ser lots of listings, but rarely see the reasons why and its important to factor those in as well
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Old 07-11-2013, 09:37 PM   #7
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Quote:
Originally Posted by marivigi View Post
Ever regretted it?
If so, why?

Just looking for others experiences before commiting


Thanks!
Seemed like years ago DVC cared more about the owners, now they seem to care more about making a sale.

Even after all of these years there are still too many problems and mistakes being made to owners accounts and reservations. The member and Disney websites have major issues, the rooms need better cleaning and more frequent updating, and there still seems to be a division between MS and the resorts.

Bill
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Old 07-11-2013, 09:39 PM   #8
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Also, some people probably sell because they get tired of going to WDW and want to spend their money elsewhere. And some people probably sell because the resale market is pretty good right now and maybe they want to cash in their SSR and buy at another resort (or vice versa, just an example). But I agree, most people probably have life events that make ownership impractical. For instance, I know I bought my BWV resale from a widower, and I'm sure that's why he sold (because his wife died).

And I guess I could say in answer to your question, my husband regrets that we bought. We've not even used our points yet (and I did rent some out to defray the cost), but he will never, ever in a million years be happy about plunking down that much cha-ching!! When he told our financial adviser that we bought it, he was so embarrassed that he let me "talk him into a timeshare." Of course, the financial adviser was all, "timeshares are terrible, and you probably can't even sell it for a buck now," so I got a little bit of sweet "revenge" by showing him the current market demand. But who knows how long that will last.

I bought it after doing a lot of research and taking stock, honestly, of our future vacation plans. We are headed to WDW in September (husband's first time), and let me tell you, even using points and award miles, it's still not going to be cheap with park tickets, food, etc. I also don't have a lot of points. Bought the bare minimum for our plans thinking I could add on eventually if we use it more than I think we will.
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Old 07-11-2013, 09:51 PM   #9
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In addition to the people above, I have memories of:

Someone who discovered that they really were just as happy offsite for less money - if you don't need to be onsite, DVC is not a good deal.

Someone who bought primarily to cruise. After a few years of cruises going up and several add ons, she figured it wasn't a good deal.

A few divorces.

One person who did prefer Deluxe hotels (I do myself, I just like my kids in a different room right now more than I like Deluxe hotels).

I really suspect the vast majority of people who have regrets never were HERE to start with. For them, Disney was a magical vacation and they bought DVC as a vacation impulse purchase. Once home, they remembered that they had to use vacation time to visit grandma, that it didn't really fit their budget, or that as magical as Disney is, they also like to ski.
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Old 07-11-2013, 11:21 PM   #10
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It's worth mentioning as a contrast to the experience above, that after purchasing resale VWL at $55/pt in 2012, my family loves the DVC product. And if, as the primary income earner in the family, I were to blow a brain aneurysm or run into a semi truck tomorrow, my wife could sell it without any financial hardship. At a profit, even. That's not usually the way it works but in this crazy market the case is clear.

I think a group of folks get a bad rap on these boards by extolling the financial rationale behind a resale purchase, versus direct. But nowhere is that financial decision more relevant than in this thread. If circumstances change dramatically and unexpectedly, or if for some reason the purchaser realizes "Man do I hate DVC", then the only way they come out without getting crushed- is by not overpaying for their contract in the first place.

I think the vast majority of people who follow these boards before they purchase are very happy with their ownership. Dispelling the pixie dust is a good thing. And I suspect that some folks who buy it on a whim, with a guide showing glossy brochures of ABD, cruises, and the like are probably disappointed. So to be here reading this in the first place, argues that a future purchaser is ahead of the game...

Last edited by Msmithmd; 07-12-2013 at 12:41 AM.
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Old 07-12-2013, 05:33 AM   #11
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We just sold our SSR DVC contract last month after buying in 2007. At that time our financial situation was good but add on another child and household finances and the economy changing my wife and I looked at our DVC purchase as a luxury and as our children got older other expenses palyed into our home too. Now my wife can stretch a dollar how she does it is beyond me but we took a hard look at how much we really were going to use our DVC and she found an off site resort that was able to accomodate my wife and I, our four children and her son far below the cost of staying on property so my mind was made up to sell.
Was I sad about selling, yes I was but I had to do what was right for us in order to save money so the chice was to sell our DVC. We still be taking trips to WDW but with how my wife finds bargins we will more likely be staying off property and use the extra money we're saving for special things for us and our children in WDW. I think in the future you are going to see a lot more DVC sales as I read more and more about how members are so unhappy with the service they are getting..
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Old 07-12-2013, 06:02 AM   #12
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I think looking at the resale market doesn't nessasarily mean those people regretted there purchase . DVC been around long enough for people to think they had got full value from there contract , and are just moving on . I am sure some that didn't take time to see if it was for them may regret it , but I doubt they would be here either .
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Old 07-12-2013, 06:39 AM   #13
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Regret/love DVC

I am often surprise how folks try to look at the financial aspect of the decision to buy. For me it is a luxury purchase like a boat, nice car, etc. Financially speaking, you are better off putting $10,000 in a mutual fund and investing $50 a month (MF). At the end of 30 yr you may have a pile of money. With DVC, you end up with $0 after 30 yrs.

Sure, you will have memories, vacation photos, and fun at DVC but that is the reason we buy. Most important is can you afford tickets, travel, food, and other cost associated with ownership.

I like the DVC plan. I get to plan a vacation with family or friend each year in a place that is loaded with fun and food. My advice is look at the whole cost and do not finance anything long term.

My family is planning a second trip this yr. Room on pts, PAP for tickets, TIW card, and 500 pts on Visa reward. With gas and food, a 6 day trip should come to $800 OOP for this trip. That's the benefit if that helps.

No regrets!
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Old 07-12-2013, 06:45 AM   #14
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WE are finally buying now and I have to say if we bought earlier we would have been in the "have to sell" group and it would have been at a loss most likely. We waited and we paid cash for a resale and that takes the burden off. Early we would have bought direct and made allot of payments and we have suffered more then our share of layoffs. That being said you also need to look at when your kids (if you have any) grow up and leave teh nest will you and your spouse still wnat to vacation at DVC? We know without a doubt we will and are already planning future trips when we are empty nesters, I think allot of folks enjoy it when they are with the kids but once the kids are gone the thought of going to Disney is not so magical,

Glad you are doing the research first it may save you some heart ache later

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Old 07-12-2013, 08:25 AM   #15
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WE are finally buying now and I have to say if we bought earlier we would have been in the "have to sell" group and it would have been at a loss most likely. We waited and we paid cash for a resale and that takes the burden off. Early we would have bought direct and made allot of payments and we have suffered more then our share of layoffs. That being said you also need to look at when your kids (if you have any) grow up and leave teh nest will you and your spouse still wnat to vacation at DVC? We know without a doubt we will and are already planning future trips when we are empty nesters, I think allot of folks enjoy it when they are with the kids but once the kids are gone the thought of going to Disney is not so magical,

Glad you are doing the research first it may save you some heart ache later

goofydad621
Everyone is different. We are empty nesters and still enjoy WDW. We also use our points for VB and plan on using them for Aulani. In fact we bought SSR when our son was 20. My mom is 75 and loves when we take her to WDW. We usually do WDW every other year. Another point is we own another timeshare (DRI) and believe me Disney is way above a lot of other timeshare companies when it comes to customer service,amenities, upkeep of properties and everything else . I have never regretted buying and will never sell. If we have a rough year financially we will just rent the points.
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