Buying resale?

[Ruttangel]

I‘ve gotta ask... where are you getting these numbers? When I try to make offers around these prices, the listing agent gives me a line that everyone on the DISBoards is lying... ‘no one wants to tell the truth about how much they really pay. They all want to make it sound like they got a great deal. Look at our blog for real prices’. They certainly make it more frustrating than it needs to be, and have canned lines of why they are right and everyone else is wrong.

Hi there, these aren’t my numbers they are from https://www.*************.com/index.php/buying/direct-disney-prices
I’m not sure what benefit Disboard posters would have by lying. A couple of virtual likes? That would be a strange.
I’ve always aimed to get the lowest offer that people are getting through ROFR, right now Disney is not taking any back so you can offer whatever you like.
The only ones where those prices are incorrect are for contracts under 100pts they always have a premium and go very fast.

 

[iflyjetzzz]

I‘ve gotta ask... where are you getting these numbers? When I try to make offers around these prices, the listing agent gives me a line that everyone on the DISBoards is lying... ‘no one wants to tell the truth about how much they really pay. They all want to make it sound like they got a great deal. Look at our blog for real prices’. They certainly make it more frustrating than it needs to be, and have canned lines of why they are right and everyone else is wrong.

Real life numbers on two semi-stripped SSR contracts I just sold.
100 pts Aug, 50 2021 pts. Sold for $90/pt, the buyer's offer price. Was asking $95/pt.
400 pts, Jun, 323 2021 pts. Sold for $88/pt; buyer offered $87/pt. Was asking $90/pt.
Those numbers look high to me. And don't forget that the agent works on commission.

I sold the contracts because:
1) I don't want to be handcuffed to a Disney vacation every year, and
2) We're empty nesters and my wife wants to invite a bunch of family every time we go. With us paying for everyone, including tickets and food.

I'm going to wait a bit to buy another timeshare, but right now I'm looking at Club Wyndham Bonnet Creek on resale. Dirt cheap on ebay and the annual MFs are lower. Plus I don't want to be locked into Disney every vacation.
I will continue to research and expect to be able to pick up a contract to cover 1 week in a 2BR unit during high season for $100 or less, buying at end of year. I plan on getting serious late 2021, as I think that will be close to the market bottom on timeshares. Given excess points floating around every timeshare system, I don't see a need to pull the trigger before late 2021 - maybe even late 2022 if things still look bad. I just joined https://tugbbs.com/forums/ to monitor the entire timeshare ecosystem.

With all of those excess timeshare points floating around, I expect people to start renting out timeshares for less than MFs for a while.

 

[macman123]

I‘ve gotta ask... where are you getting these numbers? When I try to make offers around these prices, the listing agent gives me a line that everyone on the DISBoards is lying... ‘no one wants to tell the truth about how much they really pay. They all want to make it sound like they got a great deal. Look at our blog for real prices’. They certainly make it more frustrating than it needs to be, and have canned lines of why they are right and everyone else is wrong.

See this thread on what people are paying:

https://www.disboards.com/threads/r...formatting-tool.3806556/page-12#post-62130150
I have BLT. I have 155 points direct at $235pp. I have 2 resale contracts, one with 200 points BLT at $139pp and one 200 points BLT at £130pp. Both purchased within the last 2-3 months.

 

[EM Lawrence]

I‘ve gotta ask... where are you getting these numbers? When I try to make offers around these prices, the listing agent gives me a line that everyone on the DISBoards is lying... ‘no one wants to tell the truth about how much they really pay. They all want to make it sound like they got a great deal. Look at our blog for real prices’. They certainly make it more frustrating than it needs to be, and have canned lines of why they are right and everyone else is wrong.

I’ve gotten that line before too. I would take everything the agents say with a big fat grain of salt. Even the average resale prices that they publicly list are skewed by the fact that the majority of the contracts selling right now are smaller contracts. I’m basing this on my own observation of watching several resale sites. The small contracts are moving quickly. Those tend to sell for a higher price per point. So if you are looking at a 75 point contract, the numbers listed by www.dvcresalemarket.com are probably pretty accurate. (I’ve noticed that particular broker has been listing new contracts pretty high. I get their instant notifications of new listings and quite a few have made me roll my eyes.) But large contracts are lingering unless they are priced very aggressively. So I would not trust the average resale that they cite when it comes to larger contracts. Also, I suppose it is possible there are one or two bad actors here that are posting inaccurate sales information. Even taking that into account, there is enough data listed here to get a clear picture of what a fair price is. Certainly the vast majority of posters are actually buyers or sellers.

 

[Fantasia79]

I‘ve gotta ask... where are you getting these numbers? When I try to make offers around these prices, the listing agent gives me a line that everyone on the DISBoards is lying... ‘no one wants to tell the truth about how much they really pay. They all want to make it sound like they got a great deal. Look at our blog for real prices’. They certainly make it more frustrating than it needs to be, and have canned lines of why they are right and everyone else is wrong.

They're not letting you make the offer you want?

 

[Eric Smith]

I‘ve gotta ask... where are you getting these numbers? When I try to make offers around these prices, the listing agent gives me a line that everyone on the DISBoards is lying... ‘no one wants to tell the truth about how much they really pay. They all want to make it sound like they got a great deal. Look at our blog for real prices’. They certainly make it more frustrating than it needs to be, and have canned lines of why they are right and everyone else is wrong.

The price per point varies heavily with how large the contract is. For a point of reference, we bought a 272 point AKL contract for $103 per point last December. It might also be an issue of the particular broker that you are dealing with.

 

[cometdad2010]

I‘ve gotta ask... where are you getting these numbers? When I try to make offers around these prices, the listing agent gives me a line that everyone on the DISBoards is lying... ‘no one wants to tell the truth about how much they really pay. They all want to make it sound like they got a great deal. Look at our blog for real prices’. They certainly make it more frustrating than it needs to be, and have canned lines of why they are right and everyone else is wrong.

You may want to check out the ROFR thread in this board. It's not by any means a guide to prices, but can be a good indicator of what offers have/will be accepted.

 

[cometdad2010]

It is important to understand that the direct only blue card benefits could go away or be reduced at any time

The delay or canceling of Reflections may reduce the direct benefit of Riviera for some

This is key! Don't buy direct just for the perks. I have FOMO too, but the fact that those blue card perks aren't contractual means they could be changed/removed at any time by Disney. I wouldn't really expect them to -- they want to generate direct sales -- but if you're doing it just for the merchandise/dining discounts, one day that could potentially go away, for example.

 

[RoseGold]

Unless you have a giant family who will use the AP discount, the math doesn't work for buying direct. Even that might not even matter with the new ticketing. APs aren't even back yet.

 

[davidl81]

You may want to check out the ROFR thread in this board. It's not by any means a guide to prices, but can be a good indicator of what offers have/will be accepted.

Even on the ROFR thread I always question a few of the post about the numbers being real. Seeing some fully loaded and banked SSR contracts in the low 80s for 100ish points really makes me wonder. I guess it possible that a seller just did not care and just took a low offer, but its also possible that someone just wanted to "win" and have the best deal on the board.

 

[macman123]

Even on the ROFR thread I always question a few of the post about the numbers being real. Seeing some fully loaded and banked SSR contracts in the low 80s for 100ish points really makes me wonder. I guess it possible that a seller just did not care and just took a low offer, but its also possible that someone just wanted to "win" and have the best deal on the board.

The broker cant refuse to pass on your offer, they might not like it but they must. You may get a no back and not even counter offer.
But they must pass it on.

 

[davidl81]

My wife and I are deciding what to do...Do we buy direct or resale???

How many points are you looking at buying? On a smaller contract the actual cash difference is not horrible (say a 100 point contract). You may be looking at an actual cash difference of $6500 +/-between a resale SSR contract and a new RIV contract. So for $6500 you get 16 more years on the contract (which depending on age is a big deal), you get the AP discounts, the various in park discounts etc. I bought my first contract direct (AKV) back in 2008 and I am happy I did (by the same token I think direct point were like $112 a point or so back then) since I have the direct perks and I will at least be able to use these points if for some crazy reason I wanted to do a "DVC 2" property. But my last two contracts have been SSR resales since for the $per point and the contract term it just works out perfectly for me.

On resale I would caution on buying the offsite properties (Hilton Head, Vero Beach, Aluani) becasue they have really high dues and HH and VRB both expire on 2042 (22 years from now). Same thing with Old Key West, Boardwalk, Beachclub. That 2042 date will at some point really effect the resale value of those contracts and that most likely will happen once the contracts only have 10 years or so left on them.

 

[davidl81]

The broker cant refuse to pass on your offer, they might not like it but they must. You may get a no back and not even counter offer.
But they must pass it on.

Yes I get that 100%, but also the broker generally works as an adviser as well. So when I see a super loaded SSR contract on the ROFR board that is $15-20 under other prices I always wonder how did that happen. Did the broker present the contract and just not tell the seller that this offer is 20% lower than the other contracts they have been selling? Maybe they are not allowed to share information like that if they are not asked, and maybe the seller just could care less about the couple of thousand dollars for whatever reason, but it always seems odd to me.

 

[TexasEric]

I didn’t mean to thread-jack here, so let me give the OP another potential buyers perspective... I originally planned go by two 100 point contracts, one direct and one resale. The idea was to still get the blue card discounts. I realize many people say that they can go away at any time, but I am skeptical about that. It was not until I did the math and figured that I would need to spend something like $1000 a year (over the next 10+ years) in addition to buying tickets that I figured it was not worth it. In the end, I changed my approach to just targetting one 200 point Contract.


Edit: Clarrifying break even costs...thank’s sethschroeder!

 

[TexasEric]

You may want to check out the ROFR thread in this board. It's not by any means a guide to prices, but can be a good indicator of what offers have/will be accepted.

Yes. I have checked ROFR thread, and the ‘lowball’ thread, and any others. the agents always pass my offer on, but then Come back with a ‘no, I haven’t seen prices like than in 3-4 years’ even though they are pretty much in alignment with ROFR data.

 

[JoshF]

I‘ve gotta ask... where are you getting these numbers? When I try to make offers around these prices, the listing agent gives me a line that everyone on the DISBoards is lying... ‘no one wants to tell the truth about how much they really pay. They all want to make it sound like they got a great deal. Look at our blog for real prices’. They certainly make it more frustrating than it needs to be, and have canned lines of why they are right and everyone else is wrong.

Try another broker, there are many

 

[sethschroeder]

My wife and I are deciding what to do...Do we buy direct or resale???

No "right" answer. Are you a growing family in the future? Will you start with a smaller purchase (giving you the option later on Direct vs Resale)? I would suggest figuring out your top 3 resorts, how many points you want, then do the math on Direct vs Resale (that cost difference might decide for you vs the benefits).

Imma looking at BCV as an example.

As far not being worth it to go direct this is so true. I looked at BWV and its like 10 years for our family of 4 to "break even" at which point we have 10 years left. Thats a long time to have paid more for such a short time of benefit of paying less.

Or increased, if demand for direct contracts collapses.

Except if direct collapses they may choose to just postpone future building. All the benefits have to come from the sales (not MFs) so there is only so much they can do before its not worth it. Also if direct collapses it actually could point to reduction in cost which further eats in to the direct benefits.

When I cancelled my recent direct CCV purchase the #1 reason I gave though was that I couldn't even buy a Gold AP currently. There is more to it but I reinforced that long term savings is the only reason I was looking at a direct purchase.

I’m not sure what benefit Disboard posters would have by lying. A couple of virtual likes? That would be a strange.

This isn't even reddit where people care about that stuff.

It was not until I did the math and figured that I would need to spend something like $1000 in addition to buying tickets that I figured it was not worth it.

I think you meant $10k not $1k extra right? It was $10k more for a direct vs resale contract.

 

[TexasEric]

I think you meant $10k not $1k extra right? It was $10k more for a direct vs resale contract.

whoops... I meant that to be $1000 per year for 10+ years. Original post edited. thanks!!

 

[cometdad2010]

How many points are you looking at buying? On a smaller contract the actual cash difference is not horrible (say a 100 point contract). You may be looking at an actual cash difference of $6500 +/-between a resale SSR contract and a new RIV contract. So for $6500 you get 16 more years on the contract (which depending on age is a big deal), you get the AP discounts, the various in park discounts etc. I bought my first contract direct (AKV) back in 2008 and I am happy I did (by the same token I think direct point were like $112 a point or so back then) since I have the direct perks and I will at least be able to use these points if for some crazy reason I wanted to do a "DVC 2" property. But my last two contracts have been SSR resales since for the $per point and the contract term it just works out perfectly for me.

On resale I would caution on buying the offsite properties (Hilton Head, Vero Beach, Aluani) becasue they have really high dues and HH and VRB both expire on 2042 (22 years from now). Same thing with Old Key West, Boardwalk, Beachclub. That 2042 date will at some point really effect the resale value of those contracts and that most likely will happen once the contracts only have 10 years or so left on them.

Excellent point, davidl81. Quick question regarding RIV -- we're looking to add a small 100-point contract to our AKV resale currently in ROFR now. I was going to wait for a good deal on a second resale. BUT... if I bought a 100-point RIV... I know I have restrictions with the AKV resale... can I transfer those AKV points into the RIV contract/use year and use them at RIV and future resorts? That could be a huge benefit. I tried searching the forums but saw conflicting answers to this particular situation.

 

[Lorana]

Excellent point, davidl81. Quick question regarding RIV -- we're looking to add a small 100-point contract to our AKV resale currently in ROFR now. I was going to wait for a good deal on a second resale. BUT... if I bought a 100-point RIV... I know I have restrictions with the AKV resale... can I transfer those AKV points into the RIV contract/use year and use them at RIV and future resorts? That could be a huge benefit. I tried searching the forums but saw conflicting answers to this particular situation.

No, you cannot.

You can combined the AKV points and RIV points at the 7 month mark for any of the 14 original resorts. Direct RIV points can be used anywhere, but the resale AKV points can only be used at the original 14.