Considering First Purchase.....could use some advice

[mustinjourney]

I'm not overly keen on the entire life of contract costs comparisons as a real world cost. I suspect very few people will keep them 50 years. I look at it this was (and I go in quiet times when it's easy to get a 1 bed at 7 months so they are my cirumstances), I got my 160 SSR points (after I'd rented out 160 banked points from last year I couldn't use) at $65 a point for a fully loaded contract. To buy Poly, VGF etc even resale would have cost me more than twice as much-$10,000 + is a lot of dough. If I'd bought Poly, VGF etc it would have made no difference to me in terms of where I stay, just cost me more, a lot more. Dues higher as well. For what I bought in at I could just about justify economically buying in.

Completely agree with your line of thinking. That time of year is easiest to book at 7 months with DVC and 1 BRs are the easiest accommodations to get as well -- so there is no need to pay Neiman Marcus prices (VGF, PVB) when you can pick it up later at Marshalls (SSR).

 

[mustinjourney]

Yeah that was surprising to me, the time it takes. I have an offer out and just signed my paperwork. It said closing on or before May 20th. I'm really glad I found something that'll work and didn't wait around. But is that timeline pretty accurate? Are the DVC folks that slow about getting the closing documents together?

There's a "closing time" thread that includes a lot of stories about timing.

When i bought last year in May, ROFR was taking right at 24-30 days, then estoppel was another 2 or 3 weeks, then getting all the documents signed and filed with OCC took another 1 to 2 weeks, and then it was taking Disney another 2-4 weeks to get your account setup and points loaded into your account. 90 days from offer acceptance to booking a vacation was kind of the norm. Earlier this year, ROFR was moving a lot faster, so that number has reduced some, but 8-12 weeks is fairly normal.

 

[mustinjourney]

here's a good link with a cost estimator that takes into account the opportunity cost of the down payment.

https://www.disboards.com/threads/simple-cost-of-dvc-calculator.3579594/

 

[Wakey]

I was lucky, from making my offer to booking was 5 weeks, 2 days.