buying in

[cristen]

Hello everyone! I have been reading everything I can about buying in to dvc. I have one more question. What is the difference betweeen buying new through disney or buying a resale? It seems to buy resale would be better, because you get it just a bit cheaper. Can someone please explain the pros & cons of each. Thank you very much. Cristen

 

[Richyams]

Other than knowing that you are staying on "used" points, there is no difference. You are treated the same, they don't even know you bought a resale.

Disney pays closing costs, that is something to think about when thinking of your offer and what a good deeal would be.

The best reason to go resale is that OKW is only available through resale. OKW is far and away the best DVC resort, many consider it to be the only TRUE DVC resort. OKW has the largest rooms and the ability to park in front of your room, the lowest dues and lowest point schedule are just bonuses!!!!

 

[cristen]

I have noticed that about OKW. It seems as though alot of people own those & are very happy. I would like to get into that. & have seen a couple of resales for about 60-65 a point. What do you mean by used points? thanks again

 

[EROS]

Originally posted by Richyams
OKW is far and away the best DVC resort, many consider it to be the only TRUE DVC resort.

Is this statement FACT..........or FANCY???

Rich was just kidding about "used" points. Once you purchase a resale, you are treated exactly as direct buyers of DVC. Of course, IF one is interested in BCV , then you must now buy via Disney. We purchased 2 resales at BWV at a considerable savings to the current Disney price.........AND we also received banked points in the process. Each resale deal should be judged on its own merits. Closing costs,usually paid by the buyer, are around $450-500. EVERYTHING is NEGOTIABLE, much like purchase of a car or home.

Good Luck,

 

[crisi]

We are in the process of buying a resale at Boardwalk. Although we haven't closed yet, we are very happy with the decision to date to go this way.

You pay closing costs when you go resale, you don't with Disney.

You may have to arrange your own financing (if you need it). Disney will arrange financing for you.

You may or may not save money (closing costs, Disney incentives).

You can buy sold out resorts, such as OKW. The only WDW property currently being sold is BCV (which you probably can't get as a resale, but if you are interested, give it a couple months - someone will decide they made a purchase they can't afford).

Your resale broker may have more time on his/her hands than your Disney Sales Guide....Disney is very busy right now.

Your Disney purchase may close faster (at least, I've gathered that they close very quickly), and your member number gets in the system faster.

You may be able to find a resale with banked points into this year - this is really nice if you are planning an immediate vacation.

There is a very vocal OKW contigent here. But OKW seems to be the easiest resort to get into at the 7 month window (and that depends on when you like to travel) - so the biggest advantage to OKW is the lower maintenance costs (since, if you can get in at seven months, you get to take advantage of the larger rooms, just like OKW folks can take advantage of the Boardwalk's walk to Epcot or pool if they get in at the 7 month window. We originally tried for an OKW resale, but the seller pulled out. When we switched to Boardwalk, it was easy for us to say "the kids will like the pool better" and mean it. OKW resales go for less money than BWV or VWL (which may mean people value them less, or may mean that they are a bargain). At the same time, low point (and therefore low cost) OKW contracts tend to sell fast, because they are the cheapest way to get in, so you may have to wait for one to show up on the market.

 

[vacationman]

Richyams is right. OKW is "far and away". Boardwalk is right in the action and has the benefit of being within reasonable walking distance to two parks. It so nice not to have to rely on a bus or a boat. Personally, I now own at both and enjoy each of their qualities depending on the nature of my trip.