Considering an SSR resale - some questions

[HFJohnson]

After having a chat with a DVC rep on a recent holiday I'm pretty much set on buying DVC but that resale is the best option for me.

I've found a potential contract on DVC Resale Market (hopefully a good company to work with?) that gives me 150 SSR 0/0/113 94 points (I was going to offer 88) for $15,487 with a use year of Feb that should work for me (I plan to visit in May or possibly October). Annual dues paid for 2025 and a partial refund for 2026.

So my questions are...

* Does the quoted cost include everything or are there any other costs I need to factor in?
* This is largely a solo venture (DH not so much of a Disney person!) but if I go ahead, should I consider adding my husband and/or children on to the contract?
* I've only been looking a week - am I rushing in too quickly? I don't need the points until 2027 so a stripped contract works for me. As soon as I get the points in my name I will rent out the remaining points for 2026 so I figured the sooner I can do this the better.
* Is there anything else I need to be aware of? I'm buying from the UK if that makes any difference. Will the broker talk me through the process? I work in financial services so pretty comfortable dealing with paperwork
* Can I pay for it all with credit card? I have one that doesn't charge fees on overseas transactions, I just need to check my credit limit.

Thanks

 

[pinkxray]

I started out on the same path as you. Bought SSR resale for myself, with a non Disney husband. I still put his name on it just so if something happens to me, he can sell it easier down the road. My kids were too small to put on when I bought so it wasn’t an option. DD is now 20, and I would not add her on any time soon. The main concern with adding adult kids is if they get married and then divorced, the ex spouse might bring up the ownership of your dvc contract in the assets.

I’ve never seen any one be able to use a credit card for the whole purchase. Depending on which broker they might allow something like 2,000- 5,000. Haven’t seen anything above $5,000.

I would say if you have done your research, you aren’t rushing it. Since you have time, make sure you have what you want to pay in mind when making an offer. If $88 is your highest, don’t get caught up in negotiation. There are other contracts and you can move on if this one isn’t at the price you want.

The broker should be able to explain the process. These boards are also pretty good at understanding every step of the process.

I believe when buying, the costs are all laid out in the final price. Price per point, dues for this year, closing cost, and one broker has a fee.

 

[Frederic Civish]

After having a chat with a DVC rep on a recent holiday I'm pretty much set on buying DVC but that resale is the best option for me.

I've found a potential contract on DVC Resale Market (hopefully a good company to work with?) that gives me 150 SSR 0/0/113 94 points (I was going to offer 88) for $15,487 with a use year of Feb that should work for me (I plan to visit in May or possibly October). Annual dues paid for 2025 and a partial refund for 2026.

So my questions are...

* Does the quoted cost include everything or are there any other costs I need to factor in?
* This is largely a solo venture (DH not so much of a Disney person!) but if I go ahead, should I consider adding my husband and/or children on to the contract?
* I've only been looking a week - am I rushing in too quickly? I don't need the points until 2027 so a stripped contract works for me. As soon as I get the points in my name I will rent out the remaining points for 2026 so I figured the sooner I can do this the better.
* Is there anything else I need to be aware of? I'm buying from the UK if that makes any difference. Will the broker talk me through the process? I work in financial services so pretty comfortable dealing with paperwork
* Can I pay for it all with credit card? I have one that doesn't charge fees on overseas transactions, I just need to check my credit limit.

Thanks

Congratulations on your decision to buy into DVC. I have bought contracts on both the Direct from Disney market and from the Resale market, and I generally recommend the Resale as a much better deal. I have a large family of Disney lovers and 4 of them have ended up purchasing their own DVC, all from the Resale market, and they wish they had more.

* I'm not completely sure how it is from England, but I don't think you should have a lot of other costs (other than the costs of a credit card, which I mention again below). But ask your Broker, to make sure.
* Even though this is just you, I do recommend that you consider putting your husband and children on the contract. Why? Because this will make them DVC owners, even if it is just you that is the REAL owner, and they will be able to talk directly to Disney when necessary, as DVC owners, and help you with reservations and things.
* If you have only been looking a week, then I don't think you need to be in too much of a hurry. There are a number of good deals out there that will pop up, and, as they say, there are many fish in the sea. But, the price you are quoting does seem pretty good to me, and SSR has a decent DVC expiration date of around 30 years down the road.
--- One thing to keep in mind is that contracts that have points available NOW, or SOON and that are not STRIPPED are worth a bit more. Since you are going to rent some out, then clearly they could carry the added benefit of a bit more financial reward. And it is no fun to buy NOW, but then to need to wait 2 years to be able to use it.
--- I have also bought contracts through the company you mentioned (and several other companies, too) and I was satisfied with all of them.
* Yeah, I agree with the above poster that the Seller is unlikely to accept a Credit Card for all of the purchase, UNLESS they tack on an additional fee of 3% to 5%, because that is what they lose by accepting the credit card. It might be better for you to take out a personal loan then use that cash to pay for things. But you could always ASK.

Good Luck!!

 

[Patmcpsu]

SSR is the savvy move for buying points on a budget, but its 2054 contract expiration date seems a lot closer now that it's under 30 years away. I would pay the extra ~$30/point to buy into Bay Lake Tower (2060 expiration) or Copper Creek (2068). They also have less availability at 7 months than Saratoga has.

Saratoga Springs is a nice resort in itself, but a lot of its current point-value is based on the ability to sleep around. As the Original 13 resorts go offline, flexibility for sleeping around will decrease, and buying where you actually want to stay will become more important. Even if you plan on selling by that point, you would still need to find a buyer willing to enter that situation.

 

[Best Aunt]

I posted this in another thread:

If you are using https://www.masontitle.com/, you can put up to $7,500 on a credit card with no fee. They charge a 3% fee on any amount you put on a credit card over $7,500.

The $7,500 includes the amount you want to charge for the deposit plus the amount you want to charge which is due for closing.

I think some companies might have (or have had) a rule where you could put the deposit on a credit card, but the amount due at closing had to be by bank check or wire transfer. For https://www.masontitle.com/ that is not the case at this time.

Maybe it goes without saying, but if you are contemplating putting more than $7,500 on a credit card, you would want to compare the 3% fee versus:
a) what your bank would charge for a wire transfer,
or
b) what your bank would charge you for a bank check plus what you would pay USPS/FedEx if you wanted to send that check via overnight service.

Someone told me that I should have included:
c) Will the points from a CC sign up bonus be worth more than the 3%. Of course YMMV but a lot of time the points earned more than pay for the fee. (For example, if you get a new credit card which is affiliated with an airline, it probably will give you a certain number of frequent flyer miles if you spend a certain amount of money within a certain amount of time. You could use the DVC purchase as part of the money you need to spend to get the bonus.)

If you want to put the purchase on a credit card which you already have, you can ask the company to increase your credit limit. Or, if you have two cards from the same company, you can ask them to switch part of your credit limit from one card to the other.

 

[HFJohnson]

Thanks for the replies. I chose SSR on the basis that I would be happy to stay there as I like the location next to DS. I also feel like the sub 30 year contract works for me due to my age as I'm likely to be done travelling overseas by the time it expires. I plan to travel off peak so hopefully I might be able to access some alternatives at 7 months on some visits.

In ideal world I would go for resale at Riviera but the restrictions make me nervous - I don't want to be stuck with points I can't use or rent out because of limited availability even at the 11 month mark for tower and deluxe studios (I don't need anything bigger). This seems to be a concern as more and more direct contracts are sold.

Copper Creek would be my third choice, even though I don't particularly want an MK resort but I'm trying to spend as little as possible and this would add on a few thousand $.

 

[Best Aunt]

When you buy, there are closing costs. On some websites, when you look at the list of what they have available, the closing costs do not show. You have to click on the listing you are interested in, in order to see approximately what the closing costs will be. I don't know how that particular website works.

I have been fascinated by https://www.dvcforless.com/ which aggregates the listings from numerous agencies.

 

[cruisehopeful]

Yes, the broker will talk you through the process. That particular broker sponsors this board and offers a lot of other DVC services. You should be able to message them through their website before making an offer if you need more information. They can tell you the closing costs and give you a basic timeline. Once your offer is accepted and sent to the closing company, you'll primarily communicate with the closing company.

 

[Snack Daddy]

I bought a 140pt ssr contract in December for $90/point and it wasn't stripped, you can always try to offer a bit lower, worst case you they say no and counter or you can make a higher offer.

 

[cruisehopeful]

I bought a 140pt ssr contract in December for $90/point and it wasn't stripped, you can always try to offer a bit lower, worst case you they say no and counter or you can make a higher offer.

This! There's been some amazing SSR contracts going through. You can make offers and make them your final offer. Someone will bite. I sent offers to 3 brokers when I went to bed one night and woke up to one being accepted. The others were negotiating, but since the one was accepted, I told the others that I was no longer interested as I had an offer accepted.