BWV Analysis: Purchase vs Sale Prices

Discussion in 'Purchasing DVC' started by dmunsil, Jun 4, 2013.

  1. crisi

    crisi DIS Veteran

    Joined:
    Feb 25, 2002
    Messages:
    22,886
    It can be for some people. Certainly for most people here - we tend to be a pretty darn content group with our purchase.

    But I think we do need to be cautious. We only know and can evaluate our own circumstances, and a lot of people look at these analysis to justify something that it is a struggle to afford. Then, at the first financial difficulty, the house of cards falls down around them. And "hey look, if I bought resale in 2009 how much money I'd make if I sold now in 2013" is GREAT justification, in the worst way, for such people.
     
  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. zippingalong

    zippingalong Mouseketeer

    Joined:
    Dec 28, 2012
    Messages:
    366
    The 166 point BWV contract ( purchased at $50 and sold for $62 ) was mine. I wish I'd held it for a bit longer, I would have gotten closer to $80 now.
     
  4. Chic

    Chic DIS Veteran

    Joined:
    Apr 7, 2004
    Messages:
    654
    I just looked at SSR listings on the Fidelity website and loaded SSR contracts are advertised from $80 to $130 a point. Not sure what they're actually selling for but this is still a dramatic increase from what I paid back in 2008.
     
  5. iluvthsgam

    iluvthsgam Mouseketeer DVC Gold

    Joined:
    Oct 3, 2009
    Messages:
    222
    I saw that and posted about it on another thread. That has to be an error or just someone floating out high prices to see if anyone is dumb enough to take it.
     
  6. Missyrose

    Missyrose DIS Veteran

    Joined:
    Jan 18, 2009
    Messages:
    7,489
    Actually someone on another thread said they learned that sellers will raise the price to those levels when they decide they don't want to sell anymore. Their contract stipulates that if the brokers find someone to make a full-price offer, the sellers either have to take it or pay the commission to the broker. Jacking up the price may be a way to run out the clock on a listing without having to pay any additional money.
     
  7. JimMIA

    JimMIA A little Miami humor...

    Joined:
    Feb 16, 2005
    Messages:
    11,532
    Okay, that's the problem then. Asking prices are irrelevant.
     
  8. JimMIA

    JimMIA A little Miami humor...

    Joined:
    Feb 16, 2005
    Messages:
    11,532
    Absolutely, and that is my main reservation about a lot of these "financial justifications" for a purchase.

    WAY too often, I see people grasping at straws to attempt to justify doing what they WANT despite tons of evidence against them. They will grasp one little example (often hypothetical, not even real! :crazy:) and use that to justify a bad decision.

    The DVC timeshare salesmen and Fidelity brokers have both made a LOT of money off those folks.
     
  9. DougEMG

    DougEMG DIS Veteran

    Joined:
    Aug 14, 2008
    Messages:
    1,817
    Good point :thumbsup2
     
  10. Mickey'sApprentice

    Mickey'sApprentice Shamelessly demand, it works bette

    Joined:
    Dec 2, 2005
    Messages:
    4,518
    Thank you for saying what I was trying to say.

    One of these days, I'll figure out how to say what I really want to say.

    I've gotten 6 years use out of my points that was probably worth $24/point.

    Can you think of any other way that I could stay in a deluxe hotel within walking distance to Epcot and only pay $60-$80 per night?

    VERY HAPPY!
     
  11. bkny

    bkny Earning My Ears

    Joined:
    Mar 7, 2013
    Messages:
    37
    This is really fascinating. Thank You for the info. I am curious to see how non WDW resorts have done. Would it be possible to do similar analysis for Hilton Head?
     
  12. dmunsil

    dmunsil Disney Uber-Nerd

    Joined:
    Jan 11, 2008
    Messages:
    857
    I haven't checked Hilton Head, but assuming that county has their deeds available online, some analysis can probably be done. It depends on what the deed includes. If it wasn't for the Florida Deed Document Tax, we'd never know what the selling price was for most of these transactions. If South Carolina doesn't have something similar, some of this info is not available.

    I did check Orange County California to see if something could be done for VGC. Unfortunately, while you can see deed flow for free, you can't see the deeds themselves without paying the county a $1/page document fee. Doing this analysis would be expensive as a hobby. :)
     
  13. iluvthsgam

    iluvthsgam Mouseketeer DVC Gold

    Joined:
    Oct 3, 2009
    Messages:
    222
    ah, that makes sense then. I'm guessing these are exclusive listings with a time-period on them and that is a good way to run that out if they decide they don't want to sell.
     

Share This Page