Does Disney resale older properties?

[MaryKatesMom]

I remember reading somewhere that Disney has a right of first refusal if someone is planning on selling their DVC timeshare.

What does Disney do with them? Do they resell them? Can someone buy into BC DVC from Disney anymore?

Sorry for the questions and I hope I posted this on the correct board.

TIA!

 

[mprewitt]

Yes, Disney exercises ROFR and then turns around and sells the points.

I added on at VWL and BWV buying from Disney.

If you are already in DVC, the minimum add-on is 25 points if you pay cash or 50 points if you want to finance.

 

[jekjones1558]

The minimum buy-in for a new member is 150 or 160 points (someone else please confirm). But if you buy a resale for BCV from a resale company, you do not need to worry about the minimum points. Prices go up tomorrow, I think, if you buy direct from Disney. You can check out some prices for contracts from a resale agent by clicking on the link at the top of this page "DVC Resale Listings." Good luck!

 

[MaryKatesMom]

But not new contracts correct? Only add-ons?

 

[jekjones1558]

Disney and the resale market sell to NEW members as well as add-ons.

 

[CarolMN]

The minimum buy-in for a new member is 150 or 160 points (someone else please confirm). But if you buy a resale for BCV from a resale company, you do not need to worry about the minimum points. Prices go up tomorrow, I think, if you buy direct from Disney. You can check out some prices for contracts from a resale agent by clicking on the link at the top of this page "DVC Resale Listings." Good luck!

For new members, the minimum purchase through Disney direct is now 160 points.

 

[dvcnewgirl]

Yes you can buy 160 points of BCV from Disney if they have them. Which they should if you do not care what use year.

 

[Dean]

If you're asking if they sell the points a second time as new or used, they sell them as new points and it's possible for a new member to buy in directly at one of the older resorts.

 

[DisneyBride'03]

I was told if there are contracts available at "sold out" resorts...(there are) you may purchase them at a minimum of 160 pts...no closing costs, direct through Disney, and they can do financing, non DVC members, such as myslef....for now

 

[Spectro is #1]

We just bought 50 points at our home resort VWL. Same use year, points were cheaper because they end at the same time as our contract does. No hassle!

What happens is people go to sell their points and once the price is set Disney can buy the points at that price. What this means is that if you buy used and you find a great deal, once you and the sell arrive at a price Disney can step in and end the deal by purchasing the points. It is kind of the same way a restricted free agent in football gets a deal. It is a price matching option used to control inventory and pricing.
I think most time share companies have that option but few bother with it.

 

[Dean]

I think most time share companies have that option but few bother with it.

Marriott has been doing so for the properties that have that option, not all do. And Westgate has been absolutely militant about it, in the past insisting on getting a RE commission out of the deal as well. There are others with a variable degree of involvement and enforcement.

 

[Spectro is #1]

We have friends who own at West Gate and want out BAD but all West Gate wants to do is up sell them to their latest plan. They have this new innovative program that will allow owners to vacation when they want and to split up their room so they can go more than once a year. What a joke!
If he wants into the plan they will then rip up his contract and issue a new one. The other catch is he has to buy up to a 4 bedroom he can't stay in a 3 bedroom.

I have herd good things about Marriott's vacation programs.

 

[Dean]

We have friends who own at West Gate and want out BAD but all West Gate wants to do is up sell them to their latest plan. They have this new innovative program that will allow owners to vacation when they want and to split up their room so they can go more than once a year. What a joke!
If he wants into the plan they will then rip up his contract and issue a new one. The other catch is he has to buy up to a 4 bedroom he can't stay in a 3 bedroom.

I have herd good things about Marriott's vacation programs.

Westgate is a difficult company from what I understand. Tell your friend not to bite and direct them to TUG (Timeshare Users Group). That way they can figure out the real options and decide how to proceed. The reality is that Most Westgate weeks or worth pennies on the dollar, partly due to this issue.

As for Marriott, it's much like DVC. If you learn the system and use it, it can be a great deal, but not for everyone. And also much like DVC, many ownerships are not good to exchange.