Bcv

Discussion in 'Purchasing DVC' started by dundey, Oct 28, 2013.

  1. LSchrow

    LSchrow <font color=green>We're eating brussel sprouts & a

    Joined:
    May 11, 2000
    Messages:
    4,782
    ditto (we don't care for SAB, which is a major reason many buy there).

    if we added any more resorts, it would likely be at VGF (but first, more BWV points:))
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. Annielkd22222

    Annielkd22222 Mouseketeer

    Joined:
    Mar 16, 2013
    Messages:
    270
    I think that if people did resaerch, such as what is on this site, so many mistakes could have been avoided. I made a ton of mistakes....the first being buying direct. Then I bought where they were selling....I asked about other places and was told they weren't for sale. I hated where I bought and can't get where I want at 7 months out. I've been to all the places, and know what I like....so the next time I buy.....I'll get what I want,instead of what I'm told I should want!
     
  4. bakerworld

    bakerworld DIS Veteran

    Joined:
    May 24, 2010
    Messages:
    745
    For us it's all about location ... of the bars
    BWV - ESPN:goodvibes & Epcot
    BCV - Crew Cup :hyper: & Epcot

    And then theres:
    BLT - TOWL / Wave :wave2:
    AKL / SSR - Pool Bar :thumbsup2
    OKW - boat to DTD :p
    VWL - after 4p :faint:
     
  5. crisi

    crisi DIS Veteran

    Joined:
    Feb 25, 2002
    Messages:
    22,901
    Guys, he already owns BWV, this isn't a BWV v. BCV debate.

    And while I agree that BCV is a lovely resort and parking is much better than BWV and all that, the root question being asked is - given that he already owns an Epcot resort, is the pricing at BCV worth it for a second contract? I'm not sure I'd pay that much for a resale contract over SSR for better parking at the eleven month window (SSR also has nice parking), given that he has the 11 month window already at a Epcot resort.

    And maybe getting the eleven month window for SAB and good parking is enough of a value, but when someone is recoiling at the resale prices, its worth asking the question.
     
  6. dundey

    dundey Mouseketeer

    Joined:
    Oct 16, 2013
    Messages:
    87

    Ah, a man (or woman) that thinks like me!
    ::yes::
     
  7. dundey

    dundey Mouseketeer

    Joined:
    Oct 16, 2013
    Messages:
    87
    Yes, you are correct.

    And I have an update. The contract I was looking at was a 100 point BCV with 2013 points. I offered $98 / pt, which I thought was fair, and would have paid closing.

    They were firm at $105 / pt, so I bid them good luck!

    And I think we are also going to change our direction now and look for a resale at one of the MK resorts, or SSR / OKW. Still thinking on how we will progress, but I want to thank everyone on this board for all f the advice. It is much appreciated and invaluable.

    Thank you.
     
  8. bakerworld

    bakerworld DIS Veteran

    Joined:
    May 24, 2010
    Messages:
    745
    So you need more points - then answer this question and the location problem = solved: What is the 'go to' at WDW? When we had kids our immediate need was MK - as adults it's Epcot.

    We bought AKL initially because of the 'deal'. Long story short - we've stayed minimally and I don't thing we're alone which is why there are so many resales for the AKL, IMO. IMO that is why there are many resales for SSR. I know many people believe otherwise - but go with what you enjoy. We own BLT and while the room = eh, the LOCATION plus if you're young it gives you that long contract and is doable at $98/pt.
     
  9. Nabas

    Nabas Mouseketeer

    Joined:
    May 5, 2013
    Messages:
    308
    Having closely tracked the market for a while now, the number of resales at each resort roughly follows the size of the resort.

    However, there tends to be slightly more resales at the newer resorts, BLT, AKV, and SSR. My theory is that many DVC members at all resorts purchased impulsively and, after a few years, realized DVC was not right for them. At the older resorts, those impulse buyers are long gone. At the newer resorts, those DVC members are just now realizing DVC is not for them.

    What you do see is asking prices being influenced by a resort's popularity. Thus, BLT and BCV over $100/point resale while SSR is mostly under $75/point.
     
  10. crisi

    crisi DIS Veteran

    Joined:
    Feb 25, 2002
    Messages:
    22,901
    I think additionally there is a "I need to pay off my loan" factor. That's gone pretty much with BCV - the price differential there is supply demand. But its still there with BLT. BLT resales, IMHO, will have a drop in price in about three years as the loan factor goes away. I think BLT will remain "on the expensive side" as opposed to the bargain you can find in OKW or SSR contracts, but I don't believe it will hold its current price.

    Had I known what a deal this was, we might own VWL instead of BWV (although we like BWV). When we bought VWL was the new resort and had the "we just bought and now have to sell" premium attached. Within a year or two, it was far less expensive than BWV resales and I might have waited it out.

    SSR and VAKL have had less of this because of the recession. It doesn't matter if you bought for $90 a point and still have a loan on it if no one is buying above $60 and you need to sell. But for a few years pre-recession, SSR resales were still pretty high compared to where they ended up.
     
  11. KAT4DISNEY

    KAT4DISNEY Glad to be a test subject

    Joined:
    Mar 17, 2008
    Messages:
    9,745
    Have you ruled out buying more points at BWV? It can be a good thing to have your points at one place but it all depends on how you plan to use them. If you have a different resort that you really want the home resort privilege at then that's one thing but if you do like BWV and are looking at SSR or OKW contracts to get a little lower cost rather than because you want to stay there then I'd just try and find a BWV. That way things work much more simply for booking windows and on 100 points the price isn't going to be that different.

    But if there is an MK resort you really want to have home resort at or if that's BCV then a contract at a second resort isn't bad. So if the biggest factor is a need for more points and less about a different resort personally I'd be looking at BWV especially since you don't seem to be after a particular resort. That is assuming you do want to stay at BWV since you bought that first even though you'd like to try other resorts at times.
     
  12. Confused Newbie

    Confused Newbie Earning My Ears

    Joined:
    Nov 3, 2013
    Messages:
    1
    Please forgive me.....I am new to all this and I'm getting a huge headache trying to uderstand all that I need to know. I have been looking at this timeshare site for two weeks now and I want to put an offer on BCV, my question is....is there a formula to calculate how much under the asking price you should make your offer at?

    .this is the first time I have ever done anything like this so if I am not in the right place....I do apologize.

    A Confused Newbie
     
  13. Nabas

    Nabas Mouseketeer

    Joined:
    May 5, 2013
    Messages:
    308
    BCV is not a good buy right now. They were selling for the low-to-mid $70's 6 months ago. Now asking prices are over $100/point with direct (from Disney) prices at $130/point. Taking in to account closing costs, it's not much of a savings, especially on small contracts which sell for a premium.

    It might be best if you read through this thread to get an idea of what people are offering:

    http://www.disboards.com/showthread.php?t=3138652

    Again, when it comes to BCV, I wouldn't be in a rush to buy at this time. Considering the price and the fact that those contracts expire in 2042, it's arguably the worst priced DVC resale out there.
     
  14. NoleFan

    NoleFan DIS Veteran

    Joined:
    Mar 30, 2013
    Messages:
    726
    Check the ROFR Thread under purchasing DVC. This will give you a sample of some pricing. Asking prices on average for BCV are high right now compared to earlier in the year. Who knows where the market will go but just something to take into account.
     
  15. clutter

    clutter <font color=FF66FF>Princess's Mom<br><font color=b

    Joined:
    Apr 29, 2001
    Messages:
    3,625
    Remember, the ROFR thread is only a list of what DIS people are paying.

    FTR, I was one of the BCV contracts that listed at $117 (loaded) In September just before everyone and their mother started listing their BCV points. Got two offers, and closed at $112. :cool1: No loan to pay off. I knew I wouldn't be using the points much over the next few years, so I had a choice of selling at a high price, or holding and renting. (I still have a few AKV points.) If I'd gotten a lower offer, I would simply have held on and rented going forward.
     
  16. Pirate Granny

    Pirate Granny DIS Veteran

    Joined:
    Sep 5, 2007
    Messages:
    1,146
    I don't remember seeing $70. We bought early 2012 and paid $80 and $85. Lower than what it is now, but not $70.
     
  17. Nabas

    Nabas Mouseketeer

    Joined:
    May 5, 2013
    Messages:
    308
    Per the Orange County Comptroller website, there were 15 BCV resales recorded in April (reflecting market activity from about 2 months before). Median closing price was $73/point.

    Prices have climbed steadily since then, now over $90/point.
     

Share This Page