Considering selling our DVC points - best way to do it?

[LoveBWVVBR]

DH and I are seriously considering selling most of our DVC points. We'll still keep our 50 point Vero contract for the DVC AP discount and also for occasional nights here and there. Anyways, what is the best way to sell the points? DH says that we should try Ebay because brokers charge like 10% to sell the contracts. I'm not sure how ROFR/closing works if you find a buyer through Ebay, though??

It is all but stripped for 2009. Is that a good thing or a bad thing in terms of resale? Should we wait until 2010 to sell?

We're selling because we foresee the value of DVC going downhill greatly right now for various reasons. We can trade into better DVC units for much less $$ overall by using RCI weeks and RCI points now too, so that is pretty much the last straw for us owning DVC. Thanks for any info!

 

[Brian Noble]

Unless you need the money for something else, I would absolutely wait---right now, it's a buyer's market. Your stripped contract is going to have a hard time competing for a fair offer right now. That said, it seems to me that usually the market under-values loaded contracts, and over-values stripped ones.

 

[spiceycat]

you would be better off with a resaler.

if you try to do it yourself - the buyer will try to undercut your price. if they success DVC will simply buy it back.

don't count on RCI being the exchanger for long.

if they can't live up to their promises to DVC - (and I don't know what their promises were but renting DVC seems to be one of them)

DVC are higher rents than RCI members are generally selling to pay.

my beach resort which trades with both II and RCI - will stay with II - it just trades better with II. Now can go back and try the Marriott - while waiting for all the complaints from members to get DVC to change its mind.

especially with some of the resorts that RCI picked. If a member gets them will definitely cause complaints. the only good thing about them is they are near something wonderful. national parks, party central, etc.

 

[jodifla]

DH and I are seriously considering selling most of our DVC points. We'll still keep our 50 point Vero contract for the DVC AP discount and also for occasional nights here and there. Anyways, what is the best way to sell the points? DH says that we should try Ebay because brokers charge like 10% to sell the contracts. I'm not sure how ROFR/closing works if you find a buyer through Ebay, though??

It is all but stripped for 2009. Is that a good thing or a bad thing in terms of resale? Should we wait until 2010 to sell?

We're selling because we foresee the value of DVC going downhill greatly right now for various reasons. We can trade into better DVC units for much less $$ overall by using RCI weeks and RCI points now too, so that is pretty much the last straw for us owning DVC. Thanks for any info!

It really seems to early to judge that DVC is going "downhill" by hooking up with RCI. And as we've seen, it doesn't mean they'll stay with then. They've changed before and will likely change again.

And then there's the lack of flexibility trading in with RCI. I like to do weekends, 4 day, 5 day trips....not get looked into weeklong vacations.

I'd only sell my DVC now if I didn't want to vacation there or if I really needed the money. It's a buyer's market now.

 

[Brian Noble]

And then there's the lack of flexibility trading in with RCI. I like to do weekends, 4 day, 5 day trips....not get looked into weeklong vacations.

Just because you get a unit for a week, doesn't mean you have to keep it for that long. And, depending on what you are using for exchange, it might still be more cost effective.

Back when DVC was with II, I used a "bonus week" to get a 1BR at OKW over Memorial Day weekend. I checked in on Friday, stayed through Tuesday, and "threw away" the other three nights.

Including all fees, the effective cost was about $3.15/point for the 136-point, four-night stay, and that's not even considering the fact that we really kept the unit until about 3PM on Tuesday, because our flight was at 6.

 

[CarolAnnC]

Just a note here - we removed a few details from the OP's post as providing things such as size of contract, resort, etc may be construed as a for sale post, which is forbidden here on the DIS. Thanks!

 

[LoveBWVVBR]

you would be better off with a resaler.

if you try to do it yourself - the buyer will try to undercut your price. if they success DVC will simply buy it back.

don't count on RCI being the exchanger for long.

if they can't live up to their promises to DVC - (and I don't know what their promises were but renting DVC seems to be one of them)

DVC are higher rents than RCI members are generally selling to pay.

my beach resort which trades with both II and RCI - will stay with II - it just trades better with II. Now can go back and try the Marriott - while waiting for all the complaints from members to get DVC to change its mind.

especially with some of the resorts that RCI picked. If a member gets them will definitely cause complaints. the only good thing about them is they are near something wonderful. national parks, party central, etc.

I completely agree with you. I think that DVC will either dual affiliate or go back to II for the reasons that you listed and for other reasons as well. My resort weeks are dual affiliated with RCI and II though, so no loss if they go back to II. The DVC trades are better overall IMHO in RCI, but the trades in II weren't horrible if you could be flexible w/when to go. I'm fine even if they decide to go back to II.

Your advice about going through a resaler makes sense. I just wondered if there was a less-expensive way to go about it on my own, but it doesn't sound like it would get me as much $$ as a resaler would (even figuring in the commission). I'm going to shop around a bit, though. I am still not sure that my stripped contract is going to be desirable to anyone, though???

 

[LoveBWVVBR]

Just a note here - we removed a few details from the OP's post as providing things such as size of contract, resort, etc may be construed as a for sale post, which is forbidden here on the DIS. Thanks!

Yikes, sorry!! I wasn't trying to sell it here at all. I apologize!

 

[LoveBWVVBR]

Just because you get a unit for a week, doesn't mean you have to keep it for that long. And, depending on what you are using for exchange, it might still be more cost effective.

Back when DVC was with II, I used a "bonus week" to get a 1BR at OKW over Memorial Day weekend. I checked in on Friday, stayed through Tuesday, and "threw away" the other three nights.

Including all fees, the effective cost was about $3.15/point for the 136-point, four-night stay, and that's not even considering the fact that we really kept the unit until about 3PM on Tuesday, because our flight was at 6.

Exactly. Well said.

 

[LoveBWVVBR]

It really seems to early to judge that DVC is going "downhill" by hooking up with RCI. And as we've seen, it doesn't mean they'll stay with then. They've changed before and will likely change again.

And then there's the lack of flexibility trading in with RCI. I like to do weekends, 4 day, 5 day trips....not get looked into weeklong vacations.

I'd only sell my DVC now if I didn't want to vacation there or if I really needed the money. It's a buyer's market now.

I don't think that they're going downhill just because they hooked up with RCI. I think that by hooking up with RCI, they've made owning DVC unnecessary for us personally and hence I want to get out of DVC while we can still get out what we put in. I just don't see it maintaining (or gaining) value like it has in the past. Look at how ROFR has fallen on the resorts. I'm sure that the economy has a lot to do with it of course. The RCI trades are fine for our needs and cost us a whole lot less than owning DVC does. Even if they go back to II, we can trade in during the lower demand times and be fine with that. The RCI trades just sweeten the pot for us for however long they stay with them.

 

[Brian Noble]

One thing to keep in mind, both for the OP and anyone else reading this thread: Exchange is not for the faint of heart, and really does require you to be somewhat flexible. You just never know what's going to happen from year to year in terms of available inventory, or even whether or not your current portfolio will maintain access at a reasonable cost. If you are particular about when you want to go *and* where you want to stay, then exchange is probably not for you.