DVC said NO Waitlist

[marathonmommy]

After reading many of the postings on the message boards and considering BWC or BCV resales, I thought I would get a resale at a timeshare resale company or through DVC directly (but getting on a wait list.) I spoke to someone today at DVC who said that there is no wait list - only people who currently own can get on a wait list. She also said that I probably won't be able to buy a resale elsewhere (timeshare company) unless the seller is asking an unreasonable price because Disney has ROFR. Based on what I read in the postings, I didn't think either of these statements were true??!!!!! I realize she was trying to sell me SSR, but that really puts a bad taste in my mouth. It appears as if she was misleading to say the least.

 

[Doctor P]

There is more than a grain of truth to what you were told, unfortunately. The only thing I would really take issue with is that you will not be able to buy a resale, since DVD has not exercised ROFR on every contract that has come through. Its a matter of offering a high enough price and then a little bit of luck.

 

[sorcerermick]

I might tend to agree with those statements. Please, somebody correct me if I am wrong, but I think BWV and BCV are both in high demand and DVC must buy back alot of contracts for them. That being said, I am sure you can purchase them but you may spend more than you think, but probably less than SSR. There is usually a thread running about the current ROFR prices that Disney has exercised.

As for the waitlist, I could not tell you the policy, sorry.

Good luck and I hope you gt what you want!

 

[disynut]

You can get BCV or BWV through resale. I don't know much about the current prices, but I don't think they are unreasonable(or they weren't when we purchased our BWV contract back in November). You have to add closing costs on to the purchase when you are looking at the costs(if it is, say, listed as $84 a point, add some on to the final cost---it depends on the amount as to how much closing costs are, I'm not sure of the formula, but someone here will know....I think around $700 for a 150 point contract).

You can even click "Current DVC Resales" at the top of this board and see some current listings.

 

[JimC]

I don't know about DVC waitlist for new owners. But I do know that resales are available for reasonable prices. Call the Timeshare Store (our site sponsor and their link is at the top of the page). I have worked with Pat Spell there on three deals (2 purchases and 1 sale) and highly recommend her.

 

[gppnj]

The guides definitely really try to push SSR over all others.

 

[Saxton]

Don't panic. When I told my guide that I was considering resale she said everything that she could to discourage me. I purchased 2 contracts in October - the first was for OKW and it was a bargain (my resale agent was shocked that Disney passed on ROFR) and the second was for BWV and it was for the going rate at that time. It may take you a while to find the right contract and get through ROFR but it is possible.

 

[SuzanneSLO]

I can tell you that I went on a waitlist to purchase 150 points at BWV last April. I was not a current DVC member. My waitlist came thru in about 10 days for my preferred UY. I thought it was a better deal than I could have gotten thru resale because I got 2004 and 2005 points and I wanted to close quickly so that I could use the points for an upcoming vacation.

Since I closed, DVC's price has gone up and resales may make more sense for you.

Sounds like you need to talk to a different guide who can give you the scoop on buying sold out resorts from DVC. It has been reported that the guide's commission is smaller on sold-out resorts than SSR, so you may need to be persistent.
Good luck -- Suzanne

 

[Jason@dvcstore]

After reading many of the postings on the message boards and considering BWC or BCV resales, I thought I would get a resale at a timeshare resale company or through DVC directly (but getting on a wait list.) I spoke to someone today at DVC who said that there is no wait list - only people who currently own can get on a wait list. She also said that I probably won't be able to buy a resale elsewhere (timeshare company) unless the seller is asking an unreasonable price because Disney has ROFR. Based on what I read in the postings, I didn't think either of these statements were true??!!!!! I realize she was trying to sell me SSR, but that really puts a bad taste in my mouth. It appears as if she was misleading to say the least.

I just wanted to let you know that Boardwalk and Beach Club Villa resales are available and if bought correctly they can make it through ROFR. Disney has waived on 17 purchases for the Boardwalk and Beach Club just within the last few weeks. The prices on those properties ranged from $77 to $90 per point. Disney only steps in by buy back properties if the price is too low. We want to try and sell it at a price where it makes economic sense to buy resale and also at a price fair to the seller and buyer where we hope(based on history) that Disney will not buy it back. However, some sellers are more motivated then others regarding selling and some buyers are more willing to take a chance on ROFR with the understanding that if Disney steps in to buy the property back they will have to look for another.

I hope this helps and I wish you luck in your pursuit of points at either the Boardwalk or Beach Club!!

 

[Aneille]

I rencetly bought a resale of BWV through the Timeshare Store. The price came out to be very close to the price I would have paid direct through Disney except that I got 2 extra years of pts on my resale, so it was a better deal, even though there is more risk and more wait.

I also want to let you know that in April when I was looking to purchase BWV, I called my guide at Disney (I had toured back in September but never purcahsed SSR) and BWV was available in the exact pts I wanted. I didn't even need to put on a waitlist she had it available that day. Maybe I got lucky with that, but I turned it down anyway since I found a better deal through resale.

 

[Rence]

It is my understanding (limited though it is) that the 'official' line is that DVC is not selling sold out resorts to new owners. However, I believe that I have read on here of a few people who have done it. Guides want to sell SSR (that is there job) but if it is clear, that there is no chance to sell SSR, they may find a way to sell you points at a sold out resort.

 

[tjkraz]

...I think BWV and BCV are both in high demand and DVC must buy back alot of contracts for them.

DVC is under no obligation to buy back contracts to appease the folks on the waitlist. I'm sure they have their own internal formulas that determine the minimum value they will allow through the resale process. If a contract comes in under that threshold, they will exercise ROFR and take it.

With a fixed sale price of $92 per point through DVC (which includes all fees associated with the transaction), they will not exercise ROFR wrecklessly just to meet customer demands. In other words, they aren't going to take a loss on a contract just to put points in someone's hands--they'll wait for a more attractive contract to come along.

That being said, I am sure you can purchase them but you may spend more than you think, but probably less than SSR.

Depends on the resort. DVC is currently selling SSR points at $90 each with 49 years of ownership. Their price for all other resorts is $92 with 37 years of ownership remaining. You can certainly do better than that price-wise via resale for points at OKW, HHI or VB. But on BCV, BWV and VWL you'll end up pretty close to $90 per point in most cases via resale.

To marathonmommy: I think you got some bad info. Whether the Guide was intentionally misleading or not is unknown (may just be ignorance in some regards.) But I don't agree with most her reponses as you relayed them.

 

[gppnj]

It is my understanding (limited though it is) that the 'official' line is that DVC is not selling sold out resorts to new owners. However, I believe that I have read on here of a few people who have done it. Guides want to sell SSR (that is there job) but if it is clear, that there is no chance to sell SSR, they may find a way to sell you points at a sold out resort.

Exactly. Just make it clear that you don't want to buy at SSR.

 

[tamu91]

I'm not sure what the official policy is but we have seen new owners purchase at the sold-out resorts and as others have mentioned before me, DVC does not encourage this practice. But having said that, why don't they just give you the facts and answer your questions without actively discouraging everything but SSR.
When I was deciding between SSR and VWL resale in 2004, I told my guide that I made an offer on a resale contract, you told me Disney would snapped that up based on what I'd offered. Well, she was wrong and I got the contract. Yes, DVC guides are sales agents and their job is to sell SSR but why the attitude against the resales or sold out resorts.

 

[JimMIA]

I spoke to someone today at DVC who said that there is no wait list - only people who currently own can get on a wait list. She also said that I probably won't be able to buy a resale elsewhere (timeshare company) unless the seller is asking an unreasonable price because Disney has ROFR.

Most of the guides are pretty straight-up, but when one starts talking like that ... it's time to get on the phone with a manager and get re-assigned to another guide.

You already have one response from someone who was not a member and bought a 150 point contract through waitlist. If you check senecabeach's waitlist thread, I'm sure you will find others. I'll be generous and say that guide was misinformed.

Whether she is poorly informed or just plain lying, I want somebody else handling my transaction.

As for resale, despite your guide's opinion, people like TTS seem to be able to stay in business somehow.

 

[jbhaupt]

That was the same information we received when looking into DVC years ago. We wanted BWV but they were selling VWL..then we waited to long for BCV and when we wanted in again they were pre-selling SSR and I again mentioned that I wanted BWV and they remined me they were sold out and we couldn't get in...So we went the resale market and have 3 contracts right now..got 2 at BWV and 1 BCV and couldn't be happier..can't wait to add more. IF I had known we could have wait listed years ago for sold out resorts...we would have and Disney would have had a direct sale.

Bonnie

 

[JimMIA]

That was the same information we received when looking into DVC years ago. We wanted BWV but they were selling VWL..then we waited to long for BCV and when we wanted in again they were pre-selling SSR and I again mentioned that I wanted BWV and they remined me they were sold out and we couldn't get in...So we went the resale market and have 3 contracts right now..got 2 at BWV and 1 BCV and couldn't be happier..can't wait to add more. IF I had known we could have wait listed years ago for sold out resorts...we would have and Disney would have had a direct sale.

Bonnie

All of which is true, and all of which tells you that a few of the guides are not looking out for the interests of either Disney or their customers. They are just looking out for themselves.

The fact that they do this occasionally also tells you that they make more money selling SSR than they do selling waitlist...and that's all they are looking at.

BTW, I don't think the majority of the guides behave like this. I'm sure they would all prefer to sell SSR, but you don't hear this complaint nearly as often as you hear someone successfully getting their waitlist contract.

 

[OneMoreTry]

When we took our tour of DVC they showed us BWV, but I wanted OKW. They said it was sold out. I figured there must be a resale market out there but didn't say anything to the guide. I went home, found TTS and bought 300 at OKW.

Check out the ROFR thread for what's getting past ROFR.

 

[TammyAlphabet]

I became a member this year by buying 150 points at the BWV through Disney. So, you can DEFINITELY get on the waitlist when you aren't a member. Just tell your guide you want XXX property and will not buy SSR if you don't.

 

[utahkennedys]

My guide told me I COULD get on a waitlist at any sold-out resort when I told him I didn't want SSR but only OKW. That sounds very dishonest to me what the guide told you, I would call back and speak to a supervisor. Or, I would just use TSS which is what we did!!!