Cold feet?

[sbarisch]

I'm awaiting our closing documents on BWV resale, and I'm starting to get cold feet. This process certainly gives plenty of time to think and reconsider! Anyone else start to get cold feet while waiting?!

 

[Wedgeout]

Did you just receive a brain freeze from a Mickey Bar?!? Little less nerve racking than waiting on ROFR. Closing docs email notification time is random. Mine was 11 days after ROFR notification. 3 days later title company had my docs and cashiers check. This resale buying is too much fun to get cold feet.

 

[Sandisw]

Unfortunately, cold feet and me buying has never happened..lol

It is normal though to be nervous as it’s a lot of money. At this stage of the game, while backing out is possible, you would lose your deposit.

But, once you get the paperwork and know it’s a done deal, the excitement will come back.

 

[sbarisch]

Unfortunately, cold feet and me buying has never happened..lol

It is normal though to be nervous as it’s a lot of money. At this stage of the game, while backing out is possible, you would lose your deposit.

But, once you get the paperwork and know it’s a done deal, the excitement will come back.

Thanks, I tend to overanalyze things when given too much time to think. My mind keeps going to all the other things that sum of money could go towards that would be nice NOW, and the flood of unused points sitting around that might make booking a challenge once there's some semblance of normal.

Did you just receive a brain freeze from a Mickey Bar?!? Little less nerve racking than waiting on ROFR. Closing docs email notification time is random. Mine was 11 days after ROFR notification. 3 days later title company had my docs and cashiers check. This resale buying is too much fun to get cold feet.

Lol! I wish!! I certainly wouldn't be over thinking this if I were in Disney having that problem .

 

[Lorana]

Thanks, I tend to overanalyze things when given too much time to think. My mind keeps going to all the other things that sum of money could go towards that would be nice NOW, and the flood of unused points sitting around that might make booking a challenge once there's some semblance of normal.

I hear you on this one!! Honestly we've wanted to buy into DVC for years, and put it off for a long time - at first because we couldn't afford it, and then because for a while I felt it wasn't the right financial thing to do (and was concerned about having to pay dues every year). We finally decided to take the plunge last year... and now Covid has hit, and even though I have some contracts in ROFR, some nights I have major anxiety/second thoughts/regrets that maybe buying into DVC wasn't the smartest idea. (My DH husband jokes that the park closure is all because we finally became DVC members, because that's how our luck tends to roll. ;-) )

But I tell myself that worst case, I can always sell my contracts if needed. Yes, I'll likely take a loss, but it's not like an actual vacation, where the sunk money is completely gone at the end of it. DVC has resale value, so there's something to be said for that.

On the plus side, our short time already in DVC allowed us to book larger accommodations during popular time period (first week of December) than we normally would have booked/could have afforded, and gave me the opportunity to stay at Grand Californian during a business trip to CA in February (as a waitlist cleared), and hopefully is going to allow us to indulge in a getaway this December for one night at the Poly Studio Lake View (to try it out) and then 5 nights in a Copper Creek Cabin -- a level of accommodations that we'd NEVER spend the cash on. And because we have both direct and resale points, I was able to renew my AP at a significant discount. Now if only the APs would go back on sale so I can buy them for hubby and the kids! ;-)

Which is my long story short way of saying, DVC is a huge financial commitment, but it allows you to create memories and take trips/have accommodations you might not otherwise, but it's also not a forever commitment, because its contracts DO have resale value, and thus you can always sell, recoup some money, and get out if you need to. So it's okay to be nervous because it's not a small amount of money, but don't let your (our!) overanalyzing brains take away from the value and joy it can bring.

 

[HappyDisneyWife]

I'm awaiting our closing documents on BWV resale, and I'm starting to get cold feet. This process certainly gives plenty of time to think and reconsider! Anyone else start to get cold feet while waiting?!

Yes. Every time... except our tiny direct add-on which happened so quickly, I didn’t have any time to question it!!!

As soon as those points hit the account though... all worries/regrets are gone, vacations are booked, and magical memories are made ... and I start looking to add on more!!

I hear you on this one!! Honestly we've wanted to buy into DVC for years, and put it off for a long time - at first because we couldn't afford it, and then because for a while I felt it wasn't the right financial thing to do (and was concerned about having to pay dues every year). We finally decided to take the plunge last year... and now Covid has hit, and even though I have some contracts in ROFR, some nights I have major anxiety/second thoughts/regrets that maybe buying into DVC wasn't the smartest idea. (My DH husband jokes that the park closure is all because we finally became DVC members, because that's how our luck tends to roll. ;-) )

But I tell myself that worst case, I can always sell my contracts if needed. Yes, I'll likely take a loss, but it's not like an actual vacation, where the sunk money is completely gone at the end of it. DVC has resale value, so there's something to be said for that.

On the plus side, our short time already in DVC allowed us to book larger accommodations during popular time period (first week of December) than we normally would have booked/could have afforded, and gave me the opportunity to stay at Grand Californian during a business trip to CA in February (as a waitlist cleared), and hopefully is going to allow us to indulge in a getaway this December for one night at the Poly Studio Lake View (to try it out) and then 5 nights in a Copper Creek Cabin -- a level of accommodations that we'd NEVER spend the cash on. And because we have both direct and resale points, I was able to renew my AP at a significant discount. Now if only the APs would go back on sale so I can buy them for hubby and the kids! ;-)

Which is my long story short way of saying, DVC is a huge financial commitment, but it allows you to create memories and take trips/have accommodations you might not otherwise, but it's also not a forever commitment, because its contracts DO have resale value, and thus you can always sell, recoup some money, and get out if you need to. So it's okay to be nervous because it's not a small amount of money, but don't let your (our!) overanalyzing brains take away from the value and joy it can bring.

Amen & ditto!! So much of what you said rings true (for me)... & our hubbies are in agreement as well (they think we share the same “luck”)

 

[sbarisch]

Thank you all! I so appreciate each of you who share on these forums.

 

[davidl81]

I'm awaiting our closing documents on BWV resale, and I'm starting to get cold feet. This process certainly gives plenty of time to think and reconsider! Anyone else start to get cold feet while waiting?!

I always do just because I question did I buy the right contract. I just finished a SSR resale and honestly I was hoping for it to fail ROFR just so I could buy a different contract. Looking back on it I am happy it did pass since it was a fair price on a fully banked and loaded contract, but at the time I did question if I should have chose a different resort for length of contract etc.

 

[EM Lawrence]

I had major cold feet after our offer was accepted at Poly. But then our points finally loaded and I was able to book a DVC room instead of a cash room for an upcoming trip. Cancelling that $1000+ cash stay felt really nice. Now I’d like to add on at BWV, but I keep waffling about it and the right contract has not come up yet. But now that the Poly buying process is complete, I don’t regret that purchase at all. Even if we end up hating Disney down the line (stranger things have happened) we will always be happy to say at the Poly for a few nights every year.

 

[CaoilinnsMom]

I am waiting on a contract I have wanted for years. It took about a week for me to feel regret, after my offer was accepted. I am waiting on ROFR and but I just keep reminding myself how much I have wanted this over the last couple of years. If you have thought it through, and you can afford it, I think it's great!

 

[RoseGold]

Resale DVC isn't a huge commitment, assuming you will at least use it a few years, can afford to hold it a few years, and were going to transfer a bunch of cash to the mouse anyway. So maybe you sell in a few years and are out your closing and some broker fees. Historically, you make money, but even if you lose a little, it's still great value. You still did better than direct and got a huge value out of it.

But if you aren't sure if you can afford this or actually use it, there is always another contract. There is no rush. DVC is going nowhere.

 

[Zimwicket]

I'm awaiting our closing documents on BWV resale, and I'm starting to get cold feet. This process certainly gives plenty of time to think and reconsider! Anyone else start to get cold feet while waiting?!

I definitely have them now. The long time it took to pass ROFR (43 days!!!) made me see all the other contracts and prices that were passing by, and I see that I didn't get all that good of a deal considering the cost per point and paying dues. But, I just have to think, over the lifetime of the contract the extra 2K I paid really isn't that big of a difference. I'm still happy overall I did it, but definitely would have modified my offer if I could have done it again.

 

[sbarisch]

I definitely have them now. The long time it took to pass ROFR (43 days!!!) made me see all the other contracts and prices that were passing by, and I see that I didn't get all that good of a deal considering the cost per point and paying dues. But, I just have to think, over the lifetime of the contract the extra 2K I paid really isn't that big of a difference. I'm still happy overall I did it, but definitely would have modified my offer if I could have done it again.

I received them today...cold feet are definitely warm! I've been looking at flights and wondering how quickly I might be able to use them and hear home!

Hoping yours go away soon

 

[TTA Rider Matt]

For me, once the money was spent, I never thought about it again. It is the time where I knew "I have to write a massive check in the next month or so" that I thought "Should I really spend all this money on vacations?" Once you're a member, I think you'll never look back!

 

[sbarisch]

For me, once the money was spent, I never thought about it again. It is the time where I knew "I have to write a massive check in the next month or so" that I thought "Should I really spend all this money on vacations?" Once you're a member, I think you'll never look back!

That's it exactly! LOL

 

[Yacht Club Stitch]

I get old feet with any major purchase I made. BUT I didn't with my DVC, I think because it was direct and it all happened so fast! Waiting on resale (which I plan to add on with) I'm sure I will. Too much time for my mind to think.

 

[bakerworld]

I hear you. When we added that 30 points on BC at $225/point direct and the CC bill came in 2 weeks later all I could think was MISTAKE! But I have to admit, those 30 points are giving us exactly what we wanted.

 

[Winston Wolf]

We just signed our paperwork today after thinking about this for months. Yes, feet are cold but we signed. This is either the best or dumbest thing we’ve ever done.

 

[TinkB278]

We just signed our paperwork today after thinking about this for months. Yes, feet are cold but we signed. This is either the best or dumbest thing we’ve ever done.

Haha I love that and totally agree! Either the best or dumbest thing we’ve ever done, I hope it ends up being the former

 

[lmhall2000]

We were ready to buy in December/January...then Covid hit, daughter accepted to her dream school overseas, sold our home to move to the next county. Now, we foresee us going overseas more to visit daughter than Orlando...life just calls for switch hitters sometimes. Now, we’ll only buy if the price is unbeatable.