Buying Riviera Resale

[Sandisw]

I keep debating. I’d like to stay in 2br for about a week every other year, flexible on time of year.

See listings around $125-135 but then is it worth to go direct for the option of using points other places if desired.
Might be an extra upfront but averaged out over length it’ll be used and that amount shrinks a good bit.

We do have both direct and resale but it’s our top resort and do stay there pretty much every trip.

With the every other year plan, I’d go direct. Let’s assume you are paying $60 more a point for direct…on 150 that’s $9k.

But, average it out over 10 years and it means your paying an extra $1k a year to not only use at RiV but elsewhere.

The other drawback with resale RIV with the EOY plan is stranded points. We don’t have that problem because we always use them yearly.

 

[atthebeachclub]

We do have both direct and resale but it’s our top resort and do stay there pretty much every trip.

With the every other year plan, I’d go direct. Let’s assume you are paying $60 more a point for direct…on 150 that’s $9k.

But, average it out over 10 years and it means your paying an extra $1k a year to not only use at RiV but elsewhere.

The other drawback with resale RIV with the EOY plan is stranded points. We don’t have that problem because we always use them yearly.

This makes a lot of sense. But only in a buy and hold long term situation. Hold onto those points for years and years and the cost difference drops away.

 

[Sandisw]

This makes a lot of sense. But only in a buy and hold long term situation. Hold onto those points for years and years and the cost difference drops away.

Not need to hold too long. IMO, I think worrying about resale value can be over thought.

If the purpose is vacation, you want to get a product that will work well for what you want at a price that makes sense.

No sense of buying RiV now at $110 and find out you can’t use it at all and by then, it’s sold out direct and the resale price has stabilized higher because direct is now $250 or $275.

 

[atthebeachclub]

Not need to hold too long. IMO, I think worrying about resale value can be over thought.

If the purpose is vacation, you want to get a product that will work well for what you want at a price that makes sense.

No sense of buying RiV now at $110 and find out you can’t use it at all and by then, it’s sold out direct and the resale price has stabilized higher because direct is now $250 or $275.

I suppose; had not considered that scenario.

 

[Chili327]

I suppose; had not considered that scenario.

Yea, I guess looking at big picture does change the overall view.

 

[atthebeachclub]

Yea, I guess looking at big picture does change the overall view.

I still view my points as a depreciating asset. It is hard for me to consider that the direct cost increasing could happen, and that could potentially even affect the resale value (positively??).

 

[ML_LovesDisney]

I've made an offer on a contract and I'm on my way to buying Riviera resale a small (100 pt) contract. These would be my first DVC points. I'm aware of the restrictions, but I really love Riviera (just visiting from Pop!) and I love the skyliner.

I'm a Disney convert, having told my kids at 4 and 6 that we were going once and not going back in 2014. Despite that statement, it's been on average every other year since then. Plus a visit to Aulani (though just a day trip) and we were at Tokyo Disneyland and Disneysea earlier this month! There's a whole big world to explore, but Disney is just always a good time.

We are usually value resort guests, so this isn't truly a money saving proposition. But I'd probably NEVER opt to pay out of pocket for a stay at a place like Riviera, and even renting DVC points seems pricey. This seemed like a good way to give it a try, figuring worst case scenario, I can resell the contract if I think it isn't for us.

I am planning to rent unused points in years we don't plan to use them, which I understand isn't particularly lucrative, but I'm happy to have it offset some of our carrying costs.

I have also run numbers and decided that it's probably better to resell in 20 years or so than hold the contract for the duration of the agreement.

Anyway, lots of thoughts, no actual questions, except the ones I don't know to ask about. I just feel like I need to tell people who understand what I'm going through, lol!

We bought RIV after doing a tour and not having stayed there; just had our first stay and I can say I would probably buy resale if I buy again because I love the resort and so does my husband. Normally we like to hop around a little and stay at BLT and AKV as well. We also own CCV, but I am honestly contemplating selling those and buying more RIV resale!! It's a great resort and the location is awesome.

 

[atthebeachclub]

We bought RIV after doing a tour and not having stayed there; just had our first stay and I can say I would probably buy resale if I buy again because I love the resort and so does my husband. Normally we like to hop around a little and stay at BLT and AKV as well. We also own CCV, but I am honestly contemplating selling those and buying more RIV resale!! It's a great resort and the location is awesome.

To add on: the resale price is very good!

 

[intamin]

Curious what everyone thinks is decent price for resale riviera for maybe 150-200 points compared to direct with incentives

Personally I’d do anywhere from 100-115 if I were in the market for resale RIV. At 130 I’d probably choose direct personally but to each their own

 

[jacec]

Personally I’d do anywhere from 100-115 if I were in the market for resale RIV. At 130 I’d probably choose direct personally but to each their own

Agree with this.

I have 500 AUL points direct I use for sleep around and just picked up 350 points for RIV resale at $110/pt and the seller paid the 2024 dues. Felt that was worth the restrictions since we always want to stay at RIV.

 

[peder]

That's a good price for that many points. Small contracts will obviously trend more expensive.

 

[catccc]

About 25 days out from my offer acceptance, patiently awaiting ROFR process to be completed. Some days less patiently. Eager to get my points and book our stay. (And thinking about our first Disney Cruise in the meantime, ha ha!)

 

[Instagramhusband]

I think it depends on where the resort ranks for you.

As my top resort, I’d pay $120 to $130 for one.

I do think some owners out there seem to be willing to sell lower now since the market in general seems to be lower.

I think $110 to $115 might be doable.

Just put in an offer that was accepted at 115 on stripped contract. I actually called Disney and looked at all the various incentives and promotions but just couldn't rationalize the cost difference when my wife would prefer to stay there all the time anyway.

 

[pzw90]

Just put in an offer that was accepted at 115 on stripped contract. I actually called Disney and looked at all the various incentives and promotions but just couldn't rationalize the cost difference when my wife would prefer to stay there all the time anyway.

Just saw one listed at 93 today, that got scooped up real quick

 

[atthebeachclub]

Just saw one listed at 93 today, that got scooped up real quick

I actually think that is the right price for RIV, personally. Sub 100, definitely.

 

[Chili327]

I actually think that is the right price for RIV, personally. Sub 100, definitely.

Just because of restrictions, right?

 

[atthebeachclub]

Just because of restrictions, right?

Well, yeah. It is a really limited pool of buyers. You can’t use the points anywhere else. And it isn’t walkable anywhere. It is much more like buying a regular timeshare. Those can be nice too, but they have fewer options.

 

[AnnaKristoff2013]

I have also run numbers and decided that it's probably better to resell in 20 years or so than hold the contract for the duration of the agreement.

You should go in eyes wide open that you have no idea what a restricted resort like Riviera will be worth on the resale market in 20 years. Other timeshare developers who have adopted resale restrictions like Disney has have seen their resale market plunge to less than worthless. So long as you are ok with this possibility and are buying to use, enjoy!

 

[R2Daddy]

You should go in eyes wide open that you have no idea what a restricted resort like Riviera will be worth on the resale market in 20 years. Other timeshare developers who have adopted resale restrictions like Disney has have seen their resale market plunge to less than worthless. So long as you are ok with this possibility and are buying to use, enjoy!

One can only speculate, but I can’t see RIV resale plunge to worthless. It’s a desirable resort and folks are already buying resale with the intention to only visit RIV. Other timeshares aren’t really a fair comparison given Disney is Disney. Unless Riviera deteriorates or becomes less desirable to visit (highly unlikely given Disney standards), then I wouldn’t make any bets on demand to flatline for the resort.

My suspicion is resale will be VERY difficult to purchase as a consumer once RIV is sold out. Disney will scoop up most if not all resale contracts during ROFR and sell them for more than double as direct.

 

[ML_LovesDisney]

One can only speculate, but I can’t see RIV resale plunge to worthless. It’s a desirable resort and folks are already buying resale with the intention to only visit RIV. Other timeshares aren’t really a fair comparison given Disney is Disney. Unless Riviera deteriorates or becomes less desirable to visit (highly unlikely given Disney standards), then I wouldn’t make any bets on demand to flatline for the resort.

My suspicion is resale will be VERY difficult to purchase as a consumer once RIV is sold out. Disney will scoop up most if not all resale contracts during ROFR and sell them for more than double as direct.

I agree. RIV is such a nice resort. A lot of the other DVC resorts, you have to hike from your DVC area to QS (AKV-Kidani, BLT, VGF, Beach Club) and at RIV it's just right there all in the same building with high quality food options, nice pool with enough chairs (I'm looking at you WL/CCV, can never find a pool chair), and great central location.