Do You Expect to Sell Eventually?

[kboo]

As of now we don't intend to sell. When our BLT expires in 2060 I'll be 90. I'm hoping our kids and their kids get to enjoy it.

Only if we retire to Florida (which depends on where our girls end up). But, we will likely use our BWV to expiration and decide what to do with BLT when our girls (6 & 3, so many years to go) make their way through their lives. Right now no plan to sell either.

DH and I are around @holden's age, and our kids are around @DduzDis 's ... so we don't plan to sell, but then again, most people don't buy a timeshare to sell. (My parents still own one from the early 80s). Our girls are very into Disney, and we plan to enjoy WDW with them as long as they want to and we are able. Financially we should be ok to keep them for as long as we want, but I'm not one to get sentimental about hanging on to them either. We also plan to go on other vacations as our kids get old enough to enjoy them with us - hopefully by then, WE won't be too old! (e.g. we just to take diving vacations all over the world before kids; that still has several years before it may be a possibility with our kids... we went to Paris last summer and while it was fun, mostly they wanted to go to the playground and eat ice cream. WDW is more child-friendly with the playgrounds/rides/parks/water parks, and has ice cream everywhere.)

 

[DduzDis]

Our girls are very into Disney, and we plan to enjoy WDW with them as long as they want to and we are able. Financially we should be ok to keep them for as long as we want, but I'm not one to get sentimental about hanging on to them either. We also plan to go on other vacations as our kids get old enough to enjoy them with us - hopefully by then, WE won't be too old! (e.g. we just to take diving vacations all over the world before kids; that still has several years before it may be a possibility with our kids...WDW is more child-friendly with the playgrounds/rides/parks/water parks, and has ice cream everywhere.)

Same ^^^ I also finished private pilot training last year and am just about to finish up a instrument rating. My DD6 has been up flying with me (loves it) and when weather clears we will get DD3 up. Depending on how that goes our travel could open up quite a bit. We definitely plan to see WDW each year, but will likely speckle in some other long weekend trips too. DW and I were divers before kids too.

 

[4luv2cdisney]

No, not our current contract. This first one is for DH and I. It's a 2042 and we will be old but hopefully not dead.

My kids are almost 17 and 21 now. We plan to add 2 contracts of the same size but different resort to accommodate us all as the family grows and (when we die) each kid has a contract (their names already on with ours). They are old enough to know and understand our plan and be "on board" but their financial situations remain to be seen.

So, if at some point the future contracts are unaffordable for either them or us, or they are no longer interested, we'd probably rent out for a time and if nothing changes, I guess we'd eventually sell.

 

[RAD]

When 2042 rolls along the wife and I will be 90, doubtful we'll be going to WDW much by then. My plan is to hold onto it as long as I can still make some money with it by renting out our points when we don't have any plans to use them. That's what we've been doing and using the proceeds to book a cruise on DCL. But that could change if I see the annual fees continuing to take such a large jump as they did this year for BWV we might sell earlier.

 

[Carolynleanne]

Can I ask something as a non-owner who often looks at buying resale? How much do you potentially lose by buying and selling ten years later? Obviously there are a lot of unknowns, but I honestly never even thought of the idea of selling once owning... can you regain a fair amount of your initial cost?

 

[theSurlyMermaid]

Can I ask something as a non-owner who often looks at buying resale? How much do you potentially lose by buying and selling ten years later? Obviously there are a lot of unknowns, but I honestly never even thought of the idea of selling once owning... can you regain a fair amount of your initial cost?

We sold for 13k more than our initial buy in amount. We paid cash for the buy in as well.

 

[skippytx]

Can I ask something as a non-owner who often looks at buying resale? How much do you potentially lose by buying and selling ten years later? Obviously there are a lot of unknowns, but I honestly never even thought of the idea of selling once owning... can you regain a fair amount of your initial cost?

Depends on your math and what you include in your total cost. Like 10 years of MF and all that.

I will say I bought resale at 125 and BLT sells now in the 140 range. Even folks who bought say Poly 3 or 4 years ago at 176 or so, can sell for around 150, so not that bad of a loss.

 

[sleepydog25]

Can I ask something as a non-owner who often looks at buying resale? How much do you potentially lose by buying and selling ten years later? Obviously there are a lot of unknowns, but I honestly never even thought of the idea of selling once owning... can you regain a fair amount of your initial cost?

You're right in that it's a complicated answer based on aspects such as whether the buy was financed, adding in MF fees, comparing to renting points, compared to discounted rack rates, and other such factors. Chances were in the early days and even within the past few years, that if you bought wisely, you wouldn't lose any money (or very little) and might even make a small profit. My fear is that those days, too, may go the way of the dodo bird. For example, if someone buys Riviera and 10 years later must sell, who knows how the market will be for a resort where the resale buyer can only book at that resort? It's hard not to imagine that such a distinct disadvantage would keep resale prices down.

 

[robinb]

Yes. I think we will eventually sell. We may keep one contract to give to our DD.

 

[quandrea]

Can I ask something as a non-owner who often looks at buying resale? How much do you potentially lose by buying and selling ten years later? Obviously there are a lot of unknowns, but I honestly never even thought of the idea of selling once owning... can you regain a fair amount of your initial cost?

We bought at the bottom of the market. $60 per point when the Canadian dollar was at par. We could sell for over $100 a point today and the US dollar is worth more today. If we sold today, we’d make money. That said, it only counts if you actually sell.

 

[Carolynleanne]

You're right in that it's a complicated answer based on aspects such as whether the buy was financed, adding in MF fees, comparing to renting points, compared to discounted rack rates, and other such factors. Chances were in the early days and even within the past few years, that if you bought wisely, you wouldn't lose any money (or very little) and might even make a small profit. My fear is that those days, too, may go the way of the dodo bird. For example, if someone buys Riviera and 10 years later must sell, who knows how the market will be for a resort where the resale buyer can only book at that resort? It's hard not to imagine that such a distinct disadvantage would keep resale prices down.

Right, of course. It's honestly something that never even crossed my mind. Say we bought now, no financing, and have about 38 years left on the contract. Say we only use it for 20 years then sell. Is your money pretty much gone? Or could you actually recoup $10,000+ of that initial buy in. That's what I'm trying to process.

 

[ILoveMyDVC]

We purchased our first contract in 2002. For many years we would have sworn we would never sell. In fact, we ended up with 19 contracts and 2000+ points.
We ended up selling all of it. Granted, a job loss played a large role, but we could have rented to recoup costs during that rough time.
Another large part of our decision was the declining quality in everything Disney.... starting with the closure of Pleasure Island and the Adventurers Club. It was downhill after that imo. Room cleanliness, park cutbacks, you name it. It was truly sad to see the decline.

That said, I now live near WDW and have an ‘Ohana reservation for tonight!!

WOW guess I haven;t kept up...never imagined you'd sell

 

[theSurlyMermaid]

Right, of course. It's honestly something that never even crossed my mind. Say we bought now, no financing, and have about 38 years left on the contract. Say we only use it for 20 years then sell. Is your money pretty much gone? Or could you actually recoup $10,000+ of that initial buy in. That's what I'm trying to process.

You’d be buying at pretty much the height of the market now so its hard to say. A lot depends on where these new DVC restrictions go and where you wish to buy. We bought during a recession and things were very reasonably priced. DVC seemed to explode after we bought, tbh. I believe they were selling AKL direct when we bought. Of course, at the time there were no restrictions at all on resale buyers so that was a no-brainer.

Unless there is another big recession where the prices tumble and then rise again in recovery, I’m not sure how much you could potentially recoup.

 

[ILoveMyDVC]

We bought at the bottom of the market. $60 per point when the Canadian dollar was at par. We could sell for over $100 a point today and the US dollar is worth more today. If we sold today, we’d make money. That said, it only counts if you actually sell.

$56/pt. USD BABY

Still don't know my plans on selling, renting, going. We just did a major 2 week trip with DD and DSIL - huge $$$$$$ - I spent time every single day for 8 months planning it - A few weeks ago I realized I blew banking and had to rent or go on a trip. We have TiW, APs, and airline points. I chose to rent them out for the first time in a long time. Already thinking about doing the same with my upcoming allotment.
I log in here from time to time but my WDW excitement has waned tremendously.

 

[Wayland10]

I don't think we will, since we only own one tiny contract at HHI. We love Savannah and the Low Country, so if and when we can't trade out for WDW resorts we'll be happy with our beach vacation. We have enough to go for about 5 days a year or two weeks every three years, and for those few points the membership fees are minimal. It will expire when I'm about 64 and thinking about retirement, and by that time I'd like to be looking into buying a vacation home in Europe, so our vacation habits would be changing substantially.

 

[quandrea]

$56/pt. USD BABY

Still don't know my plans on selling, renting, going. We just did a major 2 week trip with DD and DSIL - huge $$$$$$ - I spent time every single day for 8 months planning it - A few weeks ago I realized I blew banking and had to rent or go on a trip. We have TiW, APs, and airline points. I chose to rent them out for the first time in a long time. Already thinking about doing the same with my upcoming allotment.
I log in here from time to time but my WDW excitement has waned tremendously.

So I wasn’t quite at the bottom of the market!

 

[RAD]

We bought our first contract back in 1999 IIRC it was around $68/PP at BWV. Looking at listings at The Timeshare Store I see sales averaging at $133/PP. At some point I would think those resorts that have a 2042 end date will see their resale prices drop.

 

[theSurlyMermaid]

We bought our first contract back in 1999 IIRC it was around $68/PP at BWV. Looking at listings at The Timeshare Store I see sales averaging at $133/PP. At some point I would think those resorts that have a 2042 end date will see their resale prices drop.

Yes. The end date was definitely a factor in our selling now. It’s going to eventually affect the resale price if Disney doesn’t find some other way to do it first.

 

[cruisin5]

Disney isn't what is used to be but we still enjoy it.

OKW, SSR, VB, HHI all have more and more appeal.

As long as we can rent to cover the MF we'll stick with it. However, I'm still trying to get over the sticker shock of this year's MF bill.

 

[jerseygal]

Looking forward to one day bringing future grandchildren!