Copper Creek Resale

[DisneyStarWisher]

The new resort, as in not built or announced yet. DVC builds a new resort every few years and what if you like the new resort more than the currents. Having a resort that has 50 years until expiration just means that when you sell, you may get some money back.

Bill

I see what you mean. I doubt I will buy a new resort built in the next 3-5 years since I would probably have to buy direct. I'm just NOT paying direct prices. We both love WL, so BRV or CCV are good choices for us. But I see what you are saying about resell. It might be better for me to buy 100 points at CCV at $15,000 in say 2022 than 100 points at BRV at $8,000 just because there would only be 20 more years left on BRV. If I decided to sell CCV in 2042 (the same year my BRV points would be expiring), there would be 26 more years left on it. This is assuming I could make $7000 on it (the difference between the two in my example). But if I was still traveling a lot in 2042, I could keep CCV and sell it a little later down the line, just not making as much. Hmmmm. Decisions, decisions!

 

[KAT4DISNEY]

I see what you mean. I doubt I will buy a new resort built in the next 3-5 years since I would probably have to buy direct. I'm just NOT paying direct prices. We both love WL, so BRV or CCV are good choices for us. But I see what you are saying about resell. It might be better for me to buy 100 points at CCV at $15,000 in say 2022 than 100 points at BRV at $8,000 just because there would only be 20 more years left on BRV. If I decided to sell CCV in 2042 (the same year my BRV points would be expiring), there would be 26 more years left on it. This is assuming I could make $7000 on it (the difference between the two in my example). But if I was still traveling a lot in 2042, I could keep CCV and sell it a little later down the line, just not making as much. Hmmmm. Decisions, decisions!

We still don't know what is going to happen with VWL (BRV) dues but currently CCV is higher so it would also cost you more over those same years. You'd also be tying up an extra $7K+ in equity in the CCV with the hope you could get that back plus interest when you went to sell after 2042. If it was done because you wanted to have home resort at CCV then it can make sense but if you want a home at BRV then buy there or if you just want one of the two WL locations then BRV, priced essentially 1/2 of CCV and very likely not going to be too different. It actually could be less risk and thus a better buy as you're committing less to it up front.

 

[DisneyStarWisher]

We still don't know what is going to happen with VWL (BRV) dues but currently CCV is higher so it would also cost you more over those same years. You'd also be tying up an extra $7K+ in equity in the CCV with the hope you could get that back plus interest when you went to sell after 2042. If it was done because you wanted to have home resort at CCV then it can make sense but if you want a home at BRV then buy there or if you just want one of the two WL locations then BRV, priced essentially 1/2 of CCV and very likely not going to be too different. It actually could be less risk and thus a better buy as you're committing less to it up front.

This really is my thinking. We haven't stayed at CCV yet (will in October), but we have stayed at VWL before the renovations. I wasn't crazy about the room, but that was because of the outdated decor. I love the look of it now. We LOVE the location and the theming. I think we just want to be at Wilderness Lodge, so I don't think there will be a difference between CCV and BRV for us. When we are with family, we will likely book a 2 BR and a studio once our kids have kids, so both can accommodate us in that respect. We will book studios when it's just the two of us. Owning at two resorts will allow us to switch back and forth between them for our family trips (AKV for a trip, then BRV for the next trip). When it's just the two of us, we will likely want to stay two weeks in either November or December. I think it would be good to be able to stay at AKV for a week and then BRV for a week. One thing to consider too is that I will probably be able to pay cash for a BRV resale but would have to finance a CCV resale. As far as expiration, by the age of 70, I'm hoping my kids will be paying for me to go to Disney! I'm thinking BRV will likely win out.

 

[sndral]

Between BRV and CCV if money were not part of the question, then if it were me, the decision would be based on whether I preferred the villas in the lodge (CCV, except the cabins) or the villas away from the lodge (BRV.) Since you've already stayed @ BRV and are going to stay @ CRV this fall, you'll soon know whether location makes a difference to you. Regarding style of the individual villa's furnishings/soft goods, that changes every couple of years w/ the refurbs, right, so I would be less concerned w/ that. Personally I'd opt to pay cash for resale rather than finance new, but I wouldn't want to be in a position of thinking I'd settled and wishing I'd bought into the main lodge every time I visited BRV (my grandmother's old saying of penny wise & pound foolish comes to mind .)

 

[Disney Dad ADL]

Money considerations aside which others have covered, another thing to consider will be the impact of the cabins on booking smaller rooms. Polynesian has a similar setup where the bungalows account for a large number of points (I've heard 25%? not sure if this is right), but it is unlikely that 25% of the DVC owners at Polynesian purchased there to stay in bungalows. This will create more competition for the studios during peak seasons once Poly sells how. How big of a deal it will be it is hard to say, but it will be interesting to see what happens to Poly booking patterns once it's sold out. If it turns out to be a problem at Poly, it might be a reason to stay away from CCV and go with BRV instead.

 

[DisneyStarWisher]

Between BRV and CCV if money were not part of the question, then if it were me, the decision would be based on whether I preferred the villas in the lodge (CCV, except the cabins) or the villas away from the lodge (BRV.) Since you've already stayed @ BRV and are going to stay @ CRV this fall, you'll soon know whether location makes a difference to you. Regarding style of the individual villa's furnishings/soft goods, that changes every couple of years w/ the refurbs, right, so I would be less concerned w/ that. Personally I'd opt to pay cash for resale rather than finance new, but I wouldn't want to be in a position of thinking I'd settled and wishing I'd bought into the main lodge every time I visited BRV (my grandmother's old saying of penny wise & pound foolish comes to mind .)

This is true. I can tell you that I prefer Jambo over Kidani. I love the lobby at Jambo, and I'm sure I'll feel the same at CCV since I love the Wilderness Lodge lobby as much. But the walk from BRV to that lobby is A LOT easier than getting from Kidani to Jambo's lobby. I just don't think the distance will bother me that much, especially if I plan two-week vacations where it might be nicer to have the peace and quiet of BRV. Now, getting to the car from BRV might be bothersome!

Money considerations aside which others have covered, another thing to consider will be the impact of the cabins on booking smaller rooms. Polynesian has a similar setup where the bungalows account for a large number of points (I've heard 25%? not sure if this is right), but it is unlikely that 25% of the DVC owners at Polynesian purchased there to stay in bungalows. This will create more competition for the studios during peak seasons once Poly sells how. How big of a deal it will be it is hard to say, but it will be interesting to see what happens to Poly booking patterns once it's sold out. If it turns out to be a problem at Poly, it might be a reason to stay away from CCV and go with BRV instead.

This is very true. Especially since I would like to travel the first two weeks of December! With that high demand coupled with the high demand of the studios at CCV, it could be problematic!

 

[ITGirl50]

I see what you mean. I doubt I will buy a new resort built in the next 3-5 years since I would probably have to buy direct. I'm just NOT paying direct prices. We both love WL, so BRV or CCV are good choices for us. But I see what you are saying about resell. It might be better for me to buy 100 points at CCV at $15,000 in say 2022 than 100 points at BRV at $8,000 just because there would only be 20 more years left on BRV. If I decided to sell CCV in 2042 (the same year my BRV points would be expiring), there would be 26 more years left on it. This is assuming I could make $7000 on it (the difference between the two in my example). But if I was still traveling a lot in 2042, I could keep CCV and sell it a little later down the line, just not making as much. Hmmmm. Decisions, decisions!

We are trying to buy BRV now. Waiting for it to go to ROFR (hopefully today). We will be well into our 70s when it expires, so we decided that's good enough for us. We are able to buy a lot more points we can use now instead of fewer points now for the opportunity to sell it later. We also own BLT and AKV, we can leave those to our daughter if she can afford the dues or we can continue to travel into our 80s. We love Wilderness Lodge PLUS we love getting a lot of points for a lower price if we want to travel to Aulani every couple of years instead of WDW.

 

[Littlelulu01]

We are also looking to add on at ccv. Discount on 160 points is 1k. Discounts go up with larger purchase-down to $160 pp for 220 points. Discount on 150 is $500. Our Initial purchase price is $169.75 for 160 points. October uy so we get 2106 free points- no mf's and dues for 2017 points are prorated at basically 1/2 off. If we wait till later in the year discount goes up because we only pay mf's from the day of purchase through the end of the calendar year or from resort opening day if purchase prior to resort opening. We don't plan on keeping the contract till expiration but the way I look at it waiting a couple years for resale won't save any dollars. I can take $15 per point right off the top rental rate for the free 2016 points bringing my initial cost down to $154.75. I'll be paying about $3/pp for the 2017 points so those are worth $13 after cost bringing initial cost down to $141. That is a conservative cost of either hard cash should I choose to rent points or how much I'd pay if I didn't purchase and wanted to rent.

In order to get a better deal If I wait till 2018 to purchase resale I'd have to purchase for less than $141 for a resale contract with 2018 points forward. I'd also have higher closing costs. I don't think resale contracts are going to run much less than $141 next Year.

I plan on keeping ccv about 25 years. IF dvc resale track history remains about the same, i can estimate getting my initial purchase price when I sell, or give to my kids if they want it at that point.

 

[DisneyStarWisher]

We are also looking to add on at ccv. Discount on 160 points is 1k. Discounts go up with larger purchase-down to $160 pp for 220 points. Discount on 150 is $500. Our Initial purchase price is $169.75 for 160 points. October uy so we get 2106 free points- no mf's and dues for 2017 points are prorated at basically 1/2 off. If we wait till later in the year discount goes up because we only pay mf's from the day of purchase through the end of the calendar year or from resort opening day if purchase prior to resort opening. We don't plan on keeping the contract till expiration but the way I look at it waiting a couple years for resale won't save any dollars. I can take $15 per point right off the top rental rate for the free 2016 points bringing my initial cost down to $154.75. I'll be paying about $3/pp for the 2017 points so those are worth $13 after cost bringing initial cost down to $141. That is a conservative cost of either hard cash should I choose to rent points or how much I'd pay if I didn't purchase and wanted to rent.

In order to get a better deal If I wait till 2018 to purchase resale I'd have to purchase for less than $141 for a resale contract with 2018 points forward. I'd also have higher closing costs. I don't think resale contracts are going to run much less than $141 next Year.

I plan on keeping ccv about 25 years. IF dvc resale track history remains about the same, i can estimate getting my initial purchase price when I sell, or give to my kids if they want it at that point.

I agree that it would probably be better to buy direct now than resale in a year. I'm just wondering how far down they will go in 3-5 years. If they are still around $140 or $150 per point, I'm not interested. BVR at $80 per point is more my style. I'm spoiled though because I bought AKV direct for $96 per point and HHI direct for $80 per point. I just can't see paying over $100 per point. But that's just me. And I'm sure CCV will be WAY more than that!

 

[Littlelulu01]

Yes. That is a huge price difference. I don't think I'd be inclined to purchase in three or four years at $130 resale either especially with brv so much less. I think if I am going to do it the best time would be this year for a uy with 2016 points. Waiting for a good resale price isn't really going to save much if factoring in lost years points. It's the only direct purchase right now that makes any sense to me but my biggest issue is that we won't use the ccv points solely for ccv stays. Spending that kind of $ one should be using those points at ccv.

 

[mustinjourney]

Someone's financial situation can change overnight.

especially in Fall of 2008