Adding on

DisneyGal24

Always dreaming of Disney! DVC—SSR & AKL
Joined
Feb 19, 2012
Messages
818
So DH and I are thinking about adding on points through resale. For those of you that have done this I have a few questions:
1) Who did you go through? (Timeshare store, DVCresale,...)
2) What resort did you get?
3) Any resorts you feel are better to add on with through resale?
4) How long does ROFR usually take?
5) How was your overall experience doing this?
 
So DH and I are thinking about adding on points through resale. For those of you that have done this I have a few questions:
1) Who did you go through? (Timeshare store, DVCresale,...)
2) What resort did you get?
3) Any resorts you feel are better to add on with through resale?
4) How long does ROFR usually take?
5) How was your overall experience doing this?

We are new to the resale world (had owned DVC direct in the past) and recently we offered on 2 contracts both at Animal Kingdom. One contract was through Fidelity and the second through the Time Share store, I would have to say both companies have been great to work with thus far (closing on contract # 1 soon and awaiting closing docs on # 2) RFR is usually 30 days but for us it was 21 days on the first contract and 25 days on the second contract. for our contract with Fidelity it did take a full 2 weeks to get closing docs (it seems there are delays with Disney Estoppel) and Time share store told us on March 26th it will be about 12 days to get closing docs.
I think the worst part of the experience is that waiting specially if like us, need to make a reservation soon for a planned trip at the end of June, so we are not out of the woods yet. One big plus though is the pricing, huge difference from buying direct - I am not saying we will never buy direct again but between our 2 contracts we picked up 340 points for less than half the direct sale pricing. Good luck!
 
So DH and I are thinking about adding on points through resale. For those of you that have done this I have a few questions:
1) Who did you go through? (Timeshare store, DVCresale,...)
2) What resort did you get?
3) Any resorts you feel are better to add on with through resale?
4) How long does ROFR usually take?
5) How was your overall experience doing this?

1) The Timeshare Store and Fidelity
2) Old Key West, Boardwalk, Hilton Head
3) Resale will give you a better price on all of them.
4) Ours took about three weeks with each contract.
5) Excellent
 

1. We have always pretty much used Timeshare Store - They're very knowledable and easy to get in contact with - they also are very good at keeping you informated and returning calls (Thanks Jason)
2. I have bought HH, OKW and SS
3. Whole thing took about 4-6 weeks from soup to nuts as they say
 
Hey, OP here. Wow, thanks for the quick responses! We were concerned about buying resale because we didn't know how long and drawn out the process would be. When we bought direct everything was so quick and easy. Our minds have been eased a bit and now we have to decide which resort we want and how many points we need/want! I guess the main thing we are looking at is annual dues. As far as the resort goes we aren't too picky as long as we are at WDW. Did I mention that we are doing this because we want to start going during Thanksgiving week? I know it will be busy at the parks but I think I've read this is a very busy time for DVCers as well. Which resorts will be most difficult to get at 7 months out? We will be staying in a studio if that helps. Thanks again!
 
If you are already a member, the process will be easier if you choose a contract with the same use year. If you don't care where you stay, but SSR.
 
Did I mention that we are doing this because we want to start going during Thanksgiving week? I know it will be busy at the parks but I think I've read this is a very busy time for DVCers as well. Which resorts will be most difficult to get at 7 months out? We will be staying in a studio if that helps. Thanks again!

Thanksgiving Wed & Thrus goes fast. You really need the 11 month advantage. If you don't book early, there may be nothing left.

This year, Standard BWV rooms were mostly gone by 3rd week after 11mon. By mostly gone, I mean we could get a day here and there, not the week!

I believe all the near park resorts (BWV, BCV, BLT, VGF) will gone before the 7mon mark.

Consider buying where you really want to stay.
 
Thanksgiving Wed & Thrus goes fast. You really need the 11 month advantage. If you don't book early, there may be nothing left. This year, Standard BWV rooms were mostly gone by 3rd week after 11mon. By mostly gone, I mean we could get a day here and there, not the week! I believe all the near park resorts (BWV, BCV, BLT, VGF) will gone before the 7mon mark. Consider buying where you really want to stay.

That's what I needed to know. Thanks!
 
OP here. As of right now, we haven't added any points but we do have enough points to book SSR! The reservation has been made. We are hoping that we can get OKW at the 7 month mark to prevent borrowing points. The Thanksgiving trip is going to happen! We even upgraded our 10 day ticket for our June trip to PAP!!! So excited. Now we just have to add on by November 2015! That gives us plenty of time to find what we want:)
 
We have used Timeshare Store and DVC By Resale - both were good, the only reason why we went with a different place the second time was that they had the contract we wanted, and were able to work with the seller to get the price we wanted - we offered, they countered, we accepted the counter - it was a great price!

As far as the resort, here are three things to think about that I haven't seen mentioned....

UY - you want to go at a specific time of the year, make sure your points will be in your account, ready and waiting for you to make a reservation for the following year. It sounds like December would be a great UY for you, if you always want to travel in November. Your points will be placed in your account on December 1, ready for a late December, 11 month reservation for the following November.

Contract Expiration - if you go to buy one of the older resorts, remember that your Right To Use will expire sooner than if you buy a newer resort (OR buy Old Key West, from an owner who extended their contract!)

Limits on Resale contracts - be sure you know what you can and cannot use your resale points for! Make sure that buying resale will not limit your enjoyment of your purchase!

We own points at 4 resorts, 2 were purchased direct because it was the best deal for us at that particular time, and 2 were purchased resale... for the same reason. I have yet to see a HHI contract make it through ROFR for less than what we paid, it was a crazy good deal!

They didn't have HHI points available in the quantity we wanted, or the UY we wanted, so they pretty much told us to hit the resale market (this was just a month before the changes were announced!)

Finally, make sure you compare apple to apples - assure that you are taking banked and available points in to consideration when comparing contracts! Also, make sure you understand EXACTLY what you will owe - you don't want a surprise of being required to pay a year's worth of MF's at closing!

If the seller will not budge on their price, move along, or counter back with the seller covering closing costs if you are very close on the price.

In my opinion, you can't go wrong with Saratoga Springs - low MF's will keep your LONG TERM cost of ownership to a minimum. With all of the exciting changes coming to DTD, I think it will add a whole new dimension to staying at SSR!

The low purchase price per point at Saratoga Springs, and Maintenance Fees under $5.00 (for now... though it will likely be just above $5.00 for next year)

With so many of the resorts either at $6.00 per points, or over... the saving long term would be thousands of dollars.

If we were to sell our AKV points and buy additional points at SSR, we could save over $12,000 over the life of the contract if the MF's keep pace with one another.

So do the math... ALL the math... before buying a contract!

Each time before making a DVC purchase, I have calculated out the total cost of ownership over the lifetime of the contract, and calculated the cost per point over the long haul.

Most resort ownerships/RTU expire in 2042 with the exception of Saratoga Springs at 2054, Animal Kingdom 2057, Bay Lake Tower and Grand Californian in 2060.
 
1) Who did you go through?

We bought 5 contracts via resale and 1 via direct (the latest actually). We used all of the big companies that have been around for a while, but Fidelity (though we did try to use them and the sellers cancelled the contract on us when we were 8 days into ROFR). The companies we used, I do recommend but have an order of preference based on how communicative they were and how prompt and competent they were. There is also a new company that an old Fidelity worker (Rachel) started and we have no experience with them.

2) What resort did you get?

We started with 200 OKW in 2006 and added 50 and 25 points at HHI in 2012 and then 100 points at AKV in early 2013 as well as 50 more HHI points in mid 2013. And, lastly, we just added 55 points at BWV direct (to get onr of our 2 UY). Will probably add on 45-75 more BWV points direct within the next 18 months. We have 2 UY but you may want to get same UY...you should research about having different UYs.

3) Any resorts you feel are better to add on with through resale?

Any resort that you want to frequently stay at and the room you want is tough to book at 7 months out...or you could go for best deal (SSR)...or longer contract life (older resorts all expire in 2042). Another thing we considered is cheaper point costing rooms...AKV- value, OKW and BWV- standard view. And we wanted HHI because we plan to alternate years there with years at WDW and HHI is tough to book for the summer at 7 months out.

4) How long does ROFR usually take?

Used to be 60 days MAX...now it's about 60-75 days. My longest was something like 63 days (even after this ROFR only took 21 days instead of the usual 30, so the after ROFR part took 5 1/2 weeks when we expected 4 weeks).

5) How was your overall experience doing this?

Lots of waiting so it takes lots of patience which I don't have. And there is some follow up you might need to do depending on which broker/closing company you use. But it's totally worth it when you figure out the $$$$ you are saving. Lets' take my 100 AKV contract. We paid $66pp and to buy direct is $155 (was maybe $140 when we bought, though I am not sure). I know we paid at least 1/2 price and saved about $7K or so. Two months of stress is definitely worth it.
 
OP here. As of right now, we haven't added any points but we do have enough points to book SSR! The reservation has been made. We are hoping that we can get OKW at the 7 month mark to prevent borrowing points. The Thanksgiving trip is going to happen! We even upgraded our 10 day ticket for our June trip to PAP!!! So excited. Now we just have to add on by November 2015! That gives us plenty of time to find what we want:)

DisneyGal24 (or others), I have a 10 day hopper that I bought before leaving WDW on my last trip (got it early so I would be able to make FP+ ressies). I am awaiting closing on my DVC contract now. Assuming I am registered by April 30, how do I go about upgrading that ticket to the DVC PAP? TIA!!
 
MouseyMin, First, DH called DVC member services and they directed him to call WDW Tickets (407) 566-4985. It was very fast! There is a special right now for DVC members where you can get a PAP for a dollar less than an AP.
 
MouseyMin, First, DH called DVC member services and they directed him to call WDW Tickets (407) 566-4985. It was very fast! There is a special right now for DVC members where you can get a PAP for a dollar less than an AP.

DisneyGal, thank you very much for your quick answer. I hope my contract gets into the system in time to do that.
 



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