Why is BLT more expensive in resale price per point?

Discussion in 'Purchasing DVC' started by Discomom703, Nov 21, 2012.

  1. Discomom703

    Discomom703 Earning My Ears

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    I'm truly new to DVC- just finally closed and waiting for points to transfer. I'm wondering why Bay Lake Tower is more pricey than the other resorts? but yet their maintenance fees are lowest??? Is it because of its contemporary design and location? more demand?? Need more education please....
     
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  3. bhodonne

    bhodonne Mouseketeer

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    It's one of the newer properties which the contract expires later than others. Also the tower footprint is less costly to maintain than some of the sprawling properties. Landscape etc.
     
  4. Deb & Bill

    Deb & Bill DVC-Trivia Contest, Apr-2006: Honorable Mention

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    It takes more points for a single night than other villas, so a lot of points to divide the cost up. If it only took 8 points per night to book a studio versus 15 points a night, dues would go up - less points sold in total.
     
  5. tjkraz

    tjkraz <img src="http://www.wdwinfo.com/images/silver.jpg

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    Common misconception. There may be some savings but the bulk of the dues variance is what Deb & Bill refers to. Higher nightly point costs across the board means you're spreading the operating costs (dues) over more points. That results in the perception of lower dues.

    Compare a One Bedroom villa in Dream Season between Bay Lake (theme park view) and BoardWalk (BW view.)

    The BLT room costs 47 points for the night. With dues of $4.22 per point, your out of pocket cost for the one night (dues alone) is $198.34.

    The BoardWalk room is only 35 points but dues are higher at $5.62. Total OOP is $196.70--a little cheaper than the BLT room.

    That's just one example I chose randomly but if you look at other resorts and dates you will see similar patterns. Yes the BLT dues are lower but since you must spend more points for every night, you're still paying about the same dues $$$.
     
  6. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

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    IMO the dues were started artificially low to attract sales, the same issue existed at Aulani.

    BLT saw a 8% dues increase in 2012 when Disney replaced the executive in charge of the DVC and it is well known that the furnishings aren't holding up well. The cost to maintain the resort and replace the furnishings will be paid for by the owners just like any timeshare.

    :earsboy: Bill
     
  7. Disneypapa

    Disneypapa OKW owner since 2002 DVC Gold

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    resale price per point: location, location. location ;)
     
  8. tjkraz

    tjkraz <img src="http://www.wdwinfo.com/images/silver.jpg

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    Cute cliche but not really applicable here.

    AKV is not within walking distance of any park yet from BoardWalk you can walk or take a boat to two parks. Still, AKV sells for more than BWV.

    SSR goes for about $5-10 more than OKW. Resorts are a mile apart.

    BLT typically sells for at least $20 more than VWL. Again, nearly same location.

    BWV and BCV are across the lake from each other yet $20 price difference.

    Location may influence personal preference but other factors like resort size and contract duration play much bigger roles in resale pricing.
     
  9. fmer55

    fmer55 DIS Veteran

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    your argument completely lacks the time value/size of each property. Put AKV/BWV on the same expiration and sae amount of rooms and BWV sells for $20 more a point.
     
  10. fmer55

    fmer55 DIS Veteran

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    BLT is simply put the most attractive property on site hands down. Hence the price difference.:rolleyes:
     
  11. tjkraz

    tjkraz <img src="http://www.wdwinfo.com/images/silver.jpg

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    Actually if you re-read my post, that was exactly my point.
     
  12. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    BLT's higher prices are a combo of factors. It's newer, it's still in active sales, it's near the monorail, sells for more retail, there are less resales available, people paid more, a higher % have a mortgage and the dues are lower. There may be others we can come up with as well. I would agree with Bill that the dues will not remain as large a difference as they were initially but they should continue to be favorable. As for attractive, beauty is in the eye of the beholder. I'd venture that BLT has had far more people say that they didn't like the resort rooms than any other resort.
     
  13. crisi

    crisi DIS Veteran

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    While resorts are actively selling, their resale price tends to be higher.

    1) Disney is more likely to ROFR a currently selling resort - you aren't going to get a bargain

    2) Owners who paid $100 a point a year or two ago generally can't afford to let their interest go at $60 a point - they have loans to pay off or want to get their money back.

    3) People looking at resales find it easier to compare "direct" pricing with currently selling resorts.

    With the exception of BCV, pretty much all resorts take a nosedive in pricing once the resort is no longer selling (it takes a few months), but pretty much all of them have held close to their value during active sales (although VAKL had issues due to the economy and timing).

    Want a deal on BLT - wait two or three more years.

    When we bought BWV in 2002 for $63 a point, we really wanted the "just now selling out" VWL - but BWV was $63 a point and VWL was $80. Had we waited six months, there would have been parity. Then for the next several years, VWL was cheaper than BWV.
     
  14. montrealdisneylovers

    montrealdisneylovers Mouseketeer

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    I really hope you are right because we are going to want more BLT points in the future!!! I certainly hope to get a much better price on them than the ones we bought 2 years ago!!!
     
  15. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    The price will come down some but likely never to the point of other current resorts.
     
  16. crisi

    crisi DIS Veteran

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    I agree, you won't see SSR pricing on BLT points, but in a few years, you should see prices more in line with BCV - with a premium due to the extra years.
     
  17. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    I think you'll see BCV continue to come down, you've already seen it come back to the pack somewhat. I doubt it will hold to the level of BLT as a 2042 expiration and I expect it to continue to come closer to VWL and BWV over time.
     
  18. Discomom703

    Discomom703 Earning My Ears

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    I just made an offer for a smaller BLT contract 50 pt last week. I couldnt resist b/c it was a small one that we can afford now to add to our master contract - SSR.. and i was looking for the same use year. so far so good - i offered low.. at $89 pp but knowing that smaller contracts tend to go fast and i have to pay the higher price.. for sure, the seller counteroffered with listing price at $95/pp.. Did I jump on this too soon? :confused3 Was this a good deal?? i'm second guessing myself here.. The TSS rep did say that if anyone offers at list price after me, for sure the seller will accept it.. so i took a dive and went for it.. besides in the whole scheme of things - its only a small difference of $ for what I'm really looking for.

    Hence, i wanted to get more opinions on why BLT were selling for higher resale point price.. other than what i thought was desirability, location and that it must still be selling actively and its new.. i guess everyone made the same points.. did i make the right move and offered the $95 pp?

    Im going on a Disney cruise this December and will be sitting on the DVC to see what they are offering.. i had a feeling that the incentives they'll have - wont match my resale price anyway.. i believe they are selling the BLTs at 165 pp. whoa.. and $7 credit if we buy at least 100 pts.. they might not even offer any of that.. i'm just reading other posts...
     
  19. McCrae

    McCrae Mouseketeer

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    IMO the future pricing of all DVC properties will depend upon the demand to stay at Disney. If room rates continue to increase DVC prices may actually go up.

    As long as savings can be achieved by buying DVC demand for units and prices will remain good.
     
  20. dcfromva

    dcfromva <a href="http://www.wdwinfo.com/dis-sponsor/index.

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    Small contracts always seem to go at a premium price because there are more folks in the market for smaller amounts of points. Value seems to be in the eye of the beholder. Some folks may have let the contract go because it wasn't their target price and would instead wait for the next one. (There is a point of diminishing return because the contract has a finite number of points. If it takes a year or two to find the right contract, there may be one less UY on the contract. You could end up paying your target price for less overall points. ) Others may do as you did --it was a price you were willing to pay for the amount of points you wanted with the right UY.
    I'm with you, I don't think you'll get a better deal going direct. :)
     
  21. Discomom703

    Discomom703 Earning My Ears

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    August UY seems to not come up as often in resale market.. i've been checking.. i saw alot of Dec and Feb and Septembers but not much August..
    So when i saw this contract at 50 pts and AUgust UY -- i didnt mind it being BLT.. I feel better today.. its DVC.. how can i go wrong.?? and resale??? :banana:
     

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