Buy direct then add on thru resell?

[Jade9500]

Hello to all,

My wife and I are very much interested in buying in DVC. It seems like it would work for us as we have 4 kids ages 2 months thru 10 yr. I realize the pros and cons of buying direct vs resell but I have a question:

If one buys direct to get started, say 150 pts, can you add on later with resells and not lose any benefits? In other words if I bought 150 pts June UY from Disney as an example, if I buy resells with a June UY from that same resort, will I still be in the system as a true DVC member? Or will Disney differentiate between the two sets of points? Will the points reset at exactly the same time? etc?

I am trying to find a way to get all the benefits but not buy every point from Disney as I could save money via resells.

Also, I am glad to have found this forum. I have been reading for the last week and have learned a lot. It will definitely be handy before I get on the phone with a DVC rep.

Thanks

Jason

 

[Sandisw]

No, any points purchased via the resale market come with the restrictions.

Points that you buy direct now that get sold down the road would also lose those benefits. Basically, once a contract changes hands between owners, those points will be restricted.

Just remember, the restrictions that are currently in place are a perk of DVC and can, at any time, be applied to all contracts, even those purchased direct. The only thing guaranteed with a DVC purchase is the right to stay at your home resort since DVC could remove any resort from the "club". Not that it is likely, but it is legally allowable.

I currently own both BLT points, directly bought, and BWV points, purchased resale so if I wanted, for example, to cruise, only my BLT points would be available to me for that option.

 

[chalee94]

I am trying to find a way to get all the benefits but not buy every point from Disney as I could save money via resells.

but, see: disney is trying to get you to buy every point from them as they make more money that way.

also, make sure you do your homework by looking at the point charts for trades like cruises, adventures by disney and stays at the poly before you call those options "benefits." the only real benefit to buying direct is getting immediate access to your pts...

 

[Jade9500]

We are looking at BLT. That is our main interest. Might occasionaly stay at other resorts but primarily BLT. Not being able to cruise doesn't bother me. I guess I was just concerned that buying direct then adding on that there would be issues when trying to make reservations at BLT as far as using the points together, etc.

Does all your points show together or are they at different times? If so is this an inconvenience?

If you had it to do over again, would you follow the same path? Or just buy resell?

Thanks

Jason

 

[Dean]

We are looking at BLT. That is our main interest. Might occasionaly stay at other resorts but primarily BLT. Not being able to cruise doesn't bother me. I guess I was just concerned that buying direct then adding on that there would be issues when trying to make reservations at BLT as far as using the points together, etc.

Does all your points show together or are they at different times? If so is this an inconvenience?

If you had it to do over again, would you follow the same path? Or just buy resell?

Thanks

Jason

IF you buy direct, then add on with the same UY, all points should be combined into one master contract assuming the ownership is listed exactly the same. However, if you don't care about the other options (and really no one should pay significantly more for the options), then why not just buy a larger contract resale. You'll save a significant amount of dollars, how much depends on how you compare but the difference in one larger contract vs 2 smaller ones is likely to be in the range of $5-10 a point for the entire size of all contracts, assuming all else is equal. There are currently no restrictions, and likely to be none forthcoming, that should constitute a significant restriction to using a DVC contract in a cost effective and reasonable manner. ALL restricted options are a poor value as currently and historically set up. Legally there is nothing they can do to restrict usage at the club resorts as I read and understand it.

 

[DizBub]

We are looking at BLT. That is our main interest. Might occasionaly stay at other resorts but primarily BLT. Not being able to cruise doesn't bother me. I guess I was just concerned that buying direct then adding on that there would be issues when trying to make reservations at BLT as far as using the points together, etc.

Does all your points show together or are they at different times? If so is this an inconvenience?

If you had it to do over again, would you follow the same path? Or just buy resell?

Thanks

Jason

Since you are looking at BLT, know that BLT is selling direct from Disney for $165 per point. Looking at The Timeshare Store at the top of this page you will see that BLT resales are running in the mid $90's. There are no benefits that could tempt me to pay that much more for BLT direct. I already have 310 direct points there but we paid just a few dollars more than what they are going for resale. Today's direct prices are just insane for BLT.

If I had to do it over, I probably would not follow the same path. We did not know about resales. That said, I'm certainly not sorry that we have BLT points.

 

[chalee94]

We are looking at BLT. That is our main interest. Might occasionaly stay at other resorts but primarily BLT. Not being able to cruise doesn't bother me. I guess I was just concerned that buying direct then adding on that there would be issues when trying to make reservations at BLT as far as using the points together, etc.

nah. as dean says, assuming both the resale and direct contracts are titled the same and have the same UY month, both should be combined under the same member number. as long as both contracts are for BLT and under the same member number, you can pool pts together at 11 months to book BLT.

you just couldn't use pts from the resale contract for cruises or nights at the poly...

 

[Jade9500]

Thanks for these answers. Very informative and helpful to me. Its just a hard decision. My wife is worried about missing out on perks not buying direct, I don't care and would personally like to save the money buying resell.

One last thing, resell points, can they be used at other DVC locations, or just BLT if that is what I purchase? It would be nice to occasionaly stay at Animal Kingdom, etc.

Thanks again.

Jason

 

[Dean]

Thanks for these answers. Very informative and helpful to me. Its just a hard decision. My wife is worried about missing out on perks not buying direct, I don't care and would personally like to save the money buying resell.

One last thing, resell points, can they be used at other DVC locations, or just BLT if that is what I purchase? It would be nice to occasionaly stay at Animal Kingdom, etc.

Thanks again.

Jason

restricted resale points are used the same at any DVC resort as well as RCI exchanges and the BVTC. While the 2 later could be changed, the usage at DVC resorts cannot be changed different than retail points even though some will try to tell you otherwise including that they might institute a different booking window. IMO, this is not legally possible on the basis of retail vs resale alone.

 

[chalee94]

One last thing, resell points, can they be used at other DVC locations, or just BLT if that is what I purchase? It would be nice to occasionaly stay at Animal Kingdom, etc.

resale or direct makes no difference. everybody has the same 11 month window for home resort and the same 7 month window for non-home resorts.

booking AKV with BLT pts just depends on availability. your best bet will be calling first thing in the morning exactly on the day your 7 month window opens up. AKV has a very limited number of value villas and concierge villas...other than that, it's a fairly large resort...so it's probably easier in general to book AKV with BLT pts than BLT with AKV pts. the important thing is to call as early as possible - at 7 months out or less, you have no better chance of booking BLT as a BLT owner than any other DVC owner.

 

[disneynutz]

Thanks for these answers. Very informative and helpful to me. Its just a hard decision. My wife is worried about missing out on perks not buying direct, I don't care and would personally like to save the money buying resell.

One last thing, resell points, can they be used at other DVC locations, or just BLT if that is what I purchase? It would be nice to occasionaly stay at Animal Kingdom, etc.

Thanks again.

Jason

There are a lot of rules and regulations with a DVC ownership so I suggest that you take the time to read the posts here on the DIS to see what you are buying.

Availability at non-home DVC resorts can be hard to come by so it's important that you really take the time to select your home resort. We own at 6 resorts and BLT is at the bottom of our favorites list. Staying at the DVC resorts can be a different experience then reading about the resorts.

Bill

 

[goldenears]

We have two contracts. One contract was purchased directly from Disney and the other from resale. Back when we purchased our original contract from Disney I didn't know about the resale option. If I did, I would have bought resale originally. There are no "perks" that come from buying directly from Disney. As others have mentioned, the current differences are the inability to book cruises, Disney Adventures, etc... If you read these boards long enough, you will see that most members think using points for these things is not a wise use of points anyway.
Good luck with your decision!!!

 

[Sandisw]

Thanks for these answers. Very informative and helpful to me. Its just a hard decision. My wife is worried about missing out on perks not buying direct, I don't care and would personally like to save the money buying resell.

One last thing, resell points, can they be used at other DVC locations, or just BLT if that is what I purchase? It would be nice to occasionaly stay at Animal Kingdom, etc.

Thanks again.

Jason

As already mentioned, the points you buy, resale or direct, can be used to trade out to all the DVC resorts.

In terms of being concerned about perks, IMO, one should buy DVC for one reason and one reason only--to stay at your home resort for a trip to WDW, if you own at a WDW resort.

Whether you buy direct or resale, that should be your main goal, since that is really what you are purchasing and have to be comfortable that if you could not trade out, for whatever reason, you would be happy owning what you do.

Yes, there are currently options that you can use your direct points for, but, unless those are options that you know upfront you want to have access to, on a regular basis for the time, in the short term, it would not be a reason to spend a lot more money to own.

There are situations where one might spend more to buy direct from DVC...adding on a small amount of points so its the same UY, financing DVC--and yes, I know not everyone agrees-etc.

But, I guess the question would be...if you buy more to buy direct and then in a year from now, those options are changed, are you going to be kicking yourself for spending more?

For BLT, there are just too many contracts out there in the 90's and even low 100's to advise buying through Disney at $165.

But then again, when we bought, we did compare owning DVC to staying a cash guest and even buying through Disney, though it will certainly take a lot longer, the numbers might still work for you...

 

[GOOFY D]

There are a lot of rules and regulations with a DVC ownership so I suggest that you take the time to read the posts here on the DIS to see what you are buying.

Availability at non-home DVC resorts can be hard to come by so it's important that you really take the time to select your home resort. We own at 6 resorts and BLT is at the bottom of our favorites list. Staying at the DVC resorts can be a different experience then reading about the resorts.

Bill

Everyone has different likes/dislikes and priorities. For many, like us, the location of BLT outweighs many other priorities.

 

[Jade9500]

Thanks again for the very informative answers. This will definitely help our decision making. As of right now, resell seems the way to go. The additional options available from buying direct do not seem logical for us, nor do they seem a wise use of points for us.

We have no issues about staying at BLT every year. If we are "forced" to reserve there due to others being booked, then we will have to live with it. lol. We like the location. We can also travel off season so that might help if we want to try to book at other resorts.

Wonder why the major price difference between DVC and resell on BLT? DVC seems overpriced considering the market price for resell. Is BLT not as desirable as originally forecasted? Is there a strong demand from DVC for BLT but not as strong resell?

Thanks

Jason

 

[Sandisw]

Thanks again for the very informative answers. This will definitely help our decision making. As of right now, resell seems the way to go. The additional options available from buying direct do not seem logical for us, nor do they seem a wise use of points for us.

We have no issues about staying at BLT every year. If we are "forced" to reserve there due to others being booked, then we will have to live with it. lol. We like the location. We can also travel off season so that might help if we want to try to book at other resorts.

Wonder why the major price difference between DVC and resell on BLT? DVC seems overpriced considering the market price for resell. Is BLT not as desirable as originally forecasted? Is there a strong demand from DVC for BLT but not as strong resell?

Thanks

Jason

DVC is selling points at that high price, plain and simple as that. The contracts for sale on the resale market at BLT are running, those in the 90's, close to the price that people paid when BLT first went on sale..so, those selling at those prices, while taking a loss, may not be that huge, when considering they may have gotten a few trips out of their purchases.

 

[DizBub]

Wonder why the major price difference between DVC and resell on BLT? DVC seems overpriced considering the market price for resell. Is BLT not as desirable as originally forecasted? Is there a strong demand from DVC for BLT but not as strong resell?

Thanks

Jason

I believe that BLT is hugely desirable. As evidenced by the sheer fact that they can charge and get the outrageous price of $165 per point. If they were still selling BLT direct for more reasonable prices it would have sold out a year ago. I think that they have been jacking the price up because they still need something to sell while they are waiting for Grand Floridian DVC to come on line.

The main reason people aren't buying as much BLT resale is because even in resale it's still expensive. You can get SSR and BWV in the 50's. Great deals, you can get more points for less money.

 

[ELMC]

Wonder why the major price difference between DVC and resell on BLT? DVC seems overpriced considering the market price for resell. Is BLT not as desirable as originally forecasted? Is there a strong demand from DVC for BLT but not as strong resell?

Thanks

Jason

A main reason for the price difference is because they are two separate markets, with different client bases and, in some respects, are independent of each other. Just because BLT direct prices are soaring does not mean that resale buyers are willing to pay more, thus accounting for the price stability in the resale market. However, over time the number of people selling BLT who bought at higher prices will increase. As the lower priced contracts get swallowed up, there should be an inevitable rise in price simply based on the increasing number of sellers than MUST get a higher price to get out of a contract. That's my theory anyway, let's see what actually happens.

 

[Dean]

Wonder why the major price difference between DVC and resell on BLT? DVC seems overpriced considering the market price for resell. Is BLT not as desirable as originally forecasted? Is there a strong demand from DVC for BLT but not as strong resell?

Thanks

Jason

Market forces. Traditionally timeshares sell for about double their appropriate development costs with almost 50% going to marketing and related costs. DVC actually holds up pretty well price wise, at least currently. IMO, it's still priced about 20-30% above what it should be but as long as people are willing to pay those prices (both retail and resale), the prices will remain the same. Also, IMO, the major resellers contribute to the price levels somewhat (not a problem, just the way it is).