Am I crazy?

[MissMet]

I need some advise from BWV owners &/or anyone who has sold there DVC ownership & well, really ANYONE who wants to give me ANY advise, except on baseball, cause I probably won't agree, 'cause you're probably a Yankee fan, not that there's anything wrong with that. I bet that was the longest sentence you've ever read.

No, I'm not a disgruntled DVC member, I'm just not happy I didn't go with my instinct.

Here's my present situation. I'm obsessed with BWV. I LOVE that resort. I could stay at that resort every trip for the rest of my life- I'm only 21 so that's saying a lot . So what's the issue? I don't own at BWV. Can you believe it? I know, I can't either. Well, when I was making my decision to buy, I was back & forth between a resale with BWV or SSR thru Disney. I don't own a home (no home equity) so I really needed Disney's financing options, so I really felt I had no choice. Add on top of that, that my guide "pressured" me into SSR & well, I'm the girl who still needs my father with me to buy a car, 'cause I'll end up coming home with a Hummer when I wanted a civic. Anyway, another reason was the extra years I'd get with SSR, once again I'm only 21 so those were important to me. My guide really pushed that I would have no problem staying at whatever resort I want, even if it wasn't my home resort. What a joke. So here's my idea.

I want to sell my SSR contract to buy that exact contract only in BWV. Since buying into SSR I also added on 200 points with AKV. So I have 200 points with AKV until I'm 71. If I were to sell my SSR contract & buy into BWV I would loose some points at the age of 56, but have 200 points from the age 56 to 71. IMO, I don't think I would need more than 200 points at that age.

Now for the questions:

1. Do you think I'm crazy? Don't answer that. Do you think this is a good or bad idea?

2. What's it like selling your contract? (I'll take ALL the info you can give me)

3. Who would you suggest as a resale company?

4. Do you see any downsides to my idea that I may not be thinking of?

5. Anyone know the going rate for a BWV add-on with Disney?

I'll take any input I can get, this is a HUGE discussion & I want to be sure it's the right one.

Thanks so much guys! I feel like I'm always asking for advise here. It's like the DIS is like the world's smartest mom & she just happens to be my mom.

 

[mikesmom]

Well, the biggest issue I can think of is that if you bought recently (i'm assuming you did) you won't be able to sell the SSR contract for as much per point as you bought it for. It hasn't had enough time to appreciate to the point that the resale level will be as high as you bought in. So, if you financed a great deal of it, you could be "upside down" in your contract so that after the SSR contract is sold and you subtract the commissions and closing costs, you will actually owe Disney more money than you get out of it. Then you have to start all over with the new contract. Sort of like if you had bought that Hummer and then a few months later tried to trade it back in on the Civic.

 

[I'mNoPrince]

1st have you tried getting into BWV at the 7month mark and been shut out. The reason is We just stayed at BCV and could have had BWV for the same week.

The TimeShare Store that sponsers the DIS is very good from reports all around on both ends of what you want to do . It never hurts to give them a call and run the numbers.

I agree with the above that you might lose some money in the deal but but that might not be that big of a deal. Also might just buy a smaller amount of points for now and add more later as well.

See what Disney has to offer as well press the issue for whats avail and whats not.

Good Luck either way we really liked the BCV and will try for the BWV on our next WDW trip.

 

[Mule2007]

Have you not been able to book the vacations you want at BWV?

When did you buy the SSR and AKV? You have plenty of time -- pay off your loans and use that equity to buy in BWV later on.


Mule

 

[simzac]

First, I don't think you're crazy. Anyone who still claims to be a baseball fan has alot of guts. I lost interest in the sport back in the 80's. Most importantly, have you contacted the Timeshare Store. Our sponsor at the top of the page could help you on both counts. I just counted 26 resales on their site for BWV. Why not have them sell your SSR contract and then purchase a BWV resale thru them. JMO. Good luck with whatever you do.
PS. I'm jealous. Not only did I not have the money to purchase DVC when I was 21, DVC didn't even exist.

 

[mprewitt]

Am I crazy?

Of course, you're a Mets fan!

Seriously, if you just bought SSR, you will probably loose money if you sell so soon. SSR is probably still selling for less on the relsale market than what you paid buying from Disney.

BWV from DVC is $98/pt and $85/pt resale.

Maybe you should hold onto your SSR points for a while, and use those points to book BWV at the 7-mo window.

 

[MissMet]

If I sell SSR for $75 per point, I'll break even. I checked out the resale websites & all the SSR go for $80 - $85 per point.

To get a good deal then, I would need to buy through resale ($85) rather than DVC ($98), but then the issue of financing arises.

I've tried a few times to get a BWV reservation & had not a lot of luck. The one time I stayed in the BWV, I couldn't even get my whole week there & had to move & I've found it IMPOSSIBLE to get a BW view room. The other time I stayed at BWI.

 

[CherCrazy]

Here's something you may want to consider for the years of 56 - 71, when you're old like MEEEEEEEE! Those 200 points you'll have left aren't going to go too far on your retirement time in WDW. I have 200 points myself right now and plan to use them at OKW because the nightly points are so cheap. I'll be able to get a studio for 19 nights in a row...almost 3 weeks every year. I will someday add on more points so that I get at least a month in WDW every year when I retire...if I don't end up buying a house there.

 

[bwvBound]

MissMet,

I fully understand your appreciation for BWV - it is my favorite as well. Gladly, I seem to have better luck in booking reservations across DVC resorts. We own SSR and have enjoyed full week reservations with BW view the past two years. Our reservation for next year is 9n at BWV with another 2 at AKV. No problems?

I've tried a few times to get a BWV reservation & had not a lot of luck. The one time I stayed in the BWV, I couldn't even get my whole week there & had to move & I've found it IMPOSSIBLE to get a BW view room. The other time I stayed at BWI.

Question: How far out are you trying to book? Were these failed reservations attempted right at the 7-mos window? Did you try the waitlist? If you owned BWV would you be able to commit to reservations booked before the 7-mos window?

Personally, I'd suggest trying a few more times with the tools you already have in hand. Perhaps you might consider a different set of dates for travel?

Best wishes in your decision.

 

[disneynutz]

If I sell SSR for $75 per point, I'll break even. I checked out the resale websites & all the SSR go for $80 - $85 per point.

To get a good deal then, I would need to buy through resale ($85) rather than DVC ($98), but then the issue of financing arises.

I've tried a few times to get a BWV reservation & had not a lot of luck. The one time I stayed in the BWV, I couldn't even get my whole week there & had to move & I've found it IMPOSSIBLE to get a BW view room. The other time I stayed at BWI.

You're not going to like it but you need to hear it.

What makes you think that you can get a reservation at 11 months for your dream room at BWV? Your chances may be better as a owner, but no guarantees. Depends upon a lot of factors, luck being one of them. Get a transfer for someones BCV points and see how you do at 11 months.

Why do you care how long the contract is? In 10 years, WDW may change, you may change, you might join the Peace Corps and live in another country. Who knows... My point is don't make your decision based upon a unknown future.

Get a different Guide. Don't let anyone push you into any purchase for anything. It is your job to become fully educated about the product that you are looking for. It's their job to answer your questions. If the answers don't ring true, or if you feel like they are putting on the pressure, walk out. The 5 minute decision that you make my affect your life for 10 years or more. They are not your friend. You are their meal ticket.

Congratulation on coming as far as you have. Please take some time to learn some more, then fine tune your holdings.

 

[kimberh]

I have used VWL and BCV points to book Boardwalk Villas preferred view. Now, you are right that it will probably not get you a Boardwalk view. I did both of these reservations right at the 7 month window opening. I have since bought BWV's, but I would try again to make a reservation, if you don't succeed, waitlist it. Just be aware of the new wailist policy.

 

[Dean]

You can certainly sell Saratoga Springs and buy Boardwalk. You will pay approximately a $20 per point penalty to do so. You many want to consider a small add on at BWV to supplement your other points instead. With subbing other points at the 7 month window, you can make a small amount of BWV points go a long way. While there are no guarantees, calling at 11 months out when MS opens and day by day will maximize your chances for any home resort.

 

[Mike©]

I need some advise from BWV owners &/or anyone who has sold there DVC ownership & well, really ANYONE who wants to give me ANY advise, except on baseball, cause I probably won't agree, 'cause you're probably a Yankee fan, not that there's anything wrong with that. I bet that was the longest sentence you've ever read.

No, I'm not a disgruntled DVC member, I'm just not happy I didn't go with my instinct.

Here's my present situation. I'm obsessed with BWV. I LOVE that resort. I could stay at that resort every trip for the rest of my life- I'm only 21 so that's saying a lot . So what's the issue? I don't own at BWV. Can you believe it? I know, I can't either. Well, when I was making my decision to buy, I was back & forth between a resale with BWV or SSR thru Disney. I don't own a home (no home equity) so I really needed Disney's financing options, so I really felt I had no choice. Add on top of that, that my guide "pressured" me into SSR & well, I'm the girl who still needs my father with me to buy a car, 'cause I'll end up coming home with a Hummer when I wanted a civic. Anyway, another reason was the extra years I'd get with SSR, once again I'm only 21 so those were important to me. My guide really pushed that I would have no problem staying at whatever resort I want, even if it wasn't my home resort. What a joke. So here's my idea.

I want to sell my SSR contract to buy that exact contract only in BWV. Since buying into SSR I also added on 200 points with AKV. So I have 200 points with AKV until I'm 71. If I were to sell my SSR contract & buy into BWV I would loose some points at the age of 56, but have 200 points from the age 56 to 71. IMO, I don't think I would need more than 200 points at that age.

Now for the questions:

1. Do you think I'm crazy? Don't answer that. Do you think this is a good or bad idea?

2. What's it like selling your contract? (I'll take ALL the info you can give me)

3. Who would you suggest as a resale company?

4. Do you see any downsides to my idea that I may not be thinking of?

5. Anyone know the going rate for a BWV add-on with Disney?

I'll take any input I can get, this is a HUGE discussion & I want to be sure it's the right one.

Thanks so much guys! I feel like I'm always asking for advise here. It's like the DIS is like the world's smartest mom & she just happens to be my mom.

Dear MissMet

Save yourself the time and the bother. As soon as AK villas and the Contemporary villas open, you will more than likely find it MUCH easier to book at BWV. BoardWalk & Beach Club villas are just the most popular NOW and hard to book, but that WILL change in the next two years.

Mike BWV 1999

 

[MissMet]

You're not going to like it but you need to hear it.

You're right, because what you're saying doesn't pertain to me.

What makes you think that you can get a reservation at 11 months for your dream room at BWV? Your chances may be better as a owner, but no guarantees. Depends upon a lot of factors, luck being one of them. Get a transfer for someones BCV points and see how you do at 11 months.

I never said if BWV was my home resort I would be guaranteed to get my "dream room" every reservation. I'm not gonna go for BW view ever trip, IMO that's a waste of points. As long as I can get a standard room at BWV 80% of the time is all I really care about & maybe every once in a while get a BW view for a special occasion.

Why do you care how long the contract is? In 10 years, WDW may change, you may change, you might join the Peace Corps and live in another country. Who knows... My point is don't make your decision based upon a unknown future.

I'm not basing my decision on my unknown future. Obviously, I don't know where my future lies, I'm not even married. I'm trying to do the responsible thing & look at ALL the downfalls in making my decision. My parents are in there late 50s & how they vacation, 200 would be enough for them. And you're right, I don't know my future. I also don't know if one day I marry a man who loves Disney just as much & decides he wants us to buy more points, than I'll have more than 200 at that age. So no, I'm not making my decision based on my unknown future.

Get a different Guide. Don't let anyone push you into any purchase for anything. It is your job to become fully educated about the product that you are looking for. It's their job to answer your questions. If the answers don't ring true, or if you feel like they are putting on the pressure, walk out. The 5 minute decision that you make my affect your life for 10 years or more. They are not your friend. You are their meal ticket.

I was fully educated on the product. My parents are DVC owners, first of all, so I knew all the ins & outs of DVC, secondly, my guide pointed out that my parents never had trouble getting a reservation in other resorts other than their home resort. Add on top of that that I needed the financing through Disney. What I meant by him pressuring me was that. Plus, he said I could have bought BWV through Disney, but he talked me out of it.

Congratulation on coming as far as you have. Please take some time to learn some more, then fine tune your holdings.

What in the world do you mean buy that? That's exactly what I'm doing. I didn't make this decision & then run out there & do it. I'm in the process of really researching this. Just 'cause I'm 21 doesn't mean I have no responsibility. I really think you're looking at me as this young, immature teen who's just throwing my money around without any thought put into it, when that's actually the farthest thing from the truth.

 

[MissMet]

You can certainly sell Saratoga Springs and buy Boardwalk. You will pay approximately a $20 per point penalty to do so. You many want to consider a small add on at BWV to supplement your other points instead. With subbing other points at the 7 month window, you can make a small amount of BWV points go a long way. While there are no guarantees, calling at 11 months out when MS opens and day by day will maximize your chances for any home resort.

Could you explain this $20 per point penalty?

 

[Dean]

Could you explain this $20 per point penalty?

If you sell Saratoga Springs, you will likely sell least 10 dollars per point lower then you would be able to buy at boardwalk. In addition to that you would have to pay a commission on the sale and likely the closing cost if you bought resale for boardwalk or a higher price if you Bought directly Through you Disney Vacation Club. That should come out to a round a Has20 dollars per point differential.

 

[MissMet]

On all the resale websites BWV sell from $81 - $90 per point. SSR sells from $80 - $85 per point, so if I went through a resale, what you're saying wouldn't really go, but if the resale companies don't offer good financing then I'll end up paying a little more by going through Disney, probably around $3,600. more. Not to mention if I sell SSR for $75 per point I'll break even with what I owe, so I'll end up making a profit when I sell it.

 

[Tinky99]

I really think you're looking at me as this young, immature teen who's just throwing my money around without any thought put into it, when that's actually the farthest thing from the truth.

Just an observation, but I think it's the nature of your original post that may lead a person to think that you are impulsive and perhaps immature.

 

[MissMet]

Just an observation, but I think it's the nature of your original post that may lead a person to think that you are impulsive and perhaps immature.

Ooookay, I wasn't asking people's opinion on if they think I'm immature & impulsive, but you guys can judge me, I don't mind. Just let me know any ins or outs to what I'm planning on doing, because that was my purpose of this post & I feel we're getting a little off topic.

 

[Tinky99]

Ooookay, I wasn't asking people's opinion on if they think I'm immature & impulsive, but you guys can judge me, I don't mind. Just let me know any ins or outs to what I'm planning on doing, because that was my purpose of this post & I feel we're getting a little off topic.

I was just responding to your comment about how you felt you were being viewed.