Direct CCV purchase vs resale

[CraigInPA]

I’m probably not savvy enough in my search of the resale board to see VGF at 130. So if it is out there, then I am wrong. Most of what I see is around 160ish. I see some lowball prices on Fidelity, but my understanding from reading other parts of the board is they have a high rofr and its very difficult to even get through to them on a listing. Also, some of their “sold” transactions don’t have dates and show 2016 points so I assume they’ll are older. I’m not sure if Fidelity is a good comp or legit or not.

Fidelity sells mostly "distressed" contracts. These are people who need to get out of their contracts before DVC or their mortgage company takes them. DVC used to recommend them to people in financial distress. I've personally purchased from Fidelity, and can tell you they are 100% legit. I don't know that their ROFR rate is any higher than others. The key to buying from Fidelity is to make an offer IMMEDIATELY after a contract you want hits their site, or arrives in your email box. When I say IMMEDIATELY, I mean don't even call your spouse to discuss it. Just put in the offer.

Asking price on resale sites are just that, asking prices. Take a look at the ROFR thread here to see what people are really spending.

I echo @kboo in that big contracts are cheaper. If you're looking for a 400 point contract, $130 or $135 per point is certainly achievable at this time on a GFV contract. The issue is finding someone with a single contract that large. The more common sizes, 150, 160, and 200 points will be more expensive. Occasionally, you'll see larger contracts like a 300 or 400, or even an 800 or 1000, but they are few and far between compared to the smaller sizes.

 

[jarestel]

I'm hesitant to jump into the direct CCV vs resale VGF talking points because I'm not advocating one or the other but IMO when evaluating "value", one needs to take into account what you can buy with the points. 400 points will snag 8 days in a 2-BR at CCV during magic season, 6 days in a std view 2-BR at VGF, and 5 days in a lake view 2-BR at VGF. I would imagine the spreadsheets and financial analyses should be able to place some value on this. Of course as we've stipulated all along, this doesn't factor in the personal preferences of resorts which I admit is a huge consideration.

 

[sky2823]

Kboo, My thoughts are that I’m really happy for them with the SSR contract. It sounds like they got a great deal. I would consider buying that contract as well if it had my use year.