DVC Waitlist vs. Resale at 150

[noname70]

Hi y'all- I have searched and learned the benefits of resale vs. DVC. BUT, I thought these comparisons only applied to resale vs SSR. I did not know you could waitlist sold out resorts at 150 pts.
We plan on starting at 150 at BWV or VWL (have no interest in SSR-accepted the "buy where you want to stay" philosophy).

Therefore, waitlist vs. resale?

How do DVC waitlist prices compare to say a place like Timeshare Store?

thank you so much

 

[spiceycat]

I think everything is going up to $101 shortly....

so I would think you could do better in resale. however DVC will shortly be moving the ROFR price up too....

so if you find one you like go try for it. even if it means offering more money than the contract asks for - just to make sure you don't get ROFR.

 

[LisaS]

I'm not sure what Disney's current price is for BWV and VWL. (You have excellent taste by the way. ) I think it recently went up to $95/point but I'm not positive about that. When you purchase from Disney, you may not have to go on a waitlist. Sometimes they have the points available when you call. You will get current Use Year points with your purchase. For example if you purchase a Feb, Mar or Apr UY, you are in your 2006 Use Year, so you will start with 2006 UY points. If you purchase a June UY prior to June 1st, or an Aug, Sep, Oct or Dec UY, you will still be in your 2005 UY and will start off with 2005 Use Year points. Disney is not yet charging closing costs, but that will be changing soon.

If you purchase resale, you will pay in the mid $80s/point for BWV and maybe a bit more for VWL, so you could save about $10/point over Disney's price. With resale there will be closing costs (around $500 for 150 points, usually paid by the buyer but that is negotiable) and sellers often ask for the buyer to reimburse their current calendar year dues (again, negotiable). Try to find a contract with a lot of usable points. Try to get at least current UY points and all of next UY's points. If the contract has banked points from the previous UY, that's even better. Some contracts are "stripped" -- few or no points at all for the current or next UY and nothing banked from the previous UY. So look over each contract carefully -- the price/point should reflect the points you would get.

I bought my BWV contract through The Timeshare Store and everything went quickly and smoothly. I bought my VWL add-on through Disney and got the points the day I called.

Good luck! I hope we will be welcoming you home soon!

 

[Barak's Disney]

Yesterday, I spent about an hour discussing a 150 point contract with a Disney guide (who has been on the job for 10 years, so I suspect he knows what he is talking about). This is what my understanding was: The price per point is $95.00 and closing costs will be $203.00 after July 10, 2006. Your annual dues will be prorated for the remainder of the use year on your contract. All 150 points from the current years contract are available for immediate use or you can bank them for the following year (no matter what the use year - no 6 month window for the initial purchase). He couldn't give an estimate on wait time b/c he said so many variables were involved (current members requesting a specific use year, larger contracts vs. smaller contracts, etc)... there is a waitlist, but it is not as long as the Beach Club list! He said weeks or months, but "not too long." My guess, from listening to him and reading this board is that my wait would be about 2-3 months - I could be totally wrong.

I have been looking at resales for VWL and the contracts listing for $85.00 per point all seem to be devoid of points until 2007. The $90.00 contracts are comparable with Disney's ... although even some of those don't have many points available until 2007.

 

[noname70]

Are certain DVC waitlist UY's more difficult to get than others?

 

[Boston5602]

I just want to say I decided to buy BWV in March. I called my guide at 7pm on March 13th for 200 points . They had them , I bought them and I made my first ressies on March 15th.

Good luck with what you decide.

 

[bobbiwoz]

Are certain DVC waitlist UY's more difficult to get than others?

This is the thread that talks about buying add ons through Disney.

http://www.disboards.com/showthread.php?t=735842&page=1&pp=15

Bobbi

 

[jar]

I actually just went through this exact process. I decided I wanted 175 points at BWV with a Dec. UY. TTS didn't have exactly what I was looking for so I called Disney and went onto their wait list. Their price was $95/point. Got a hard sell for SSR (several times). Disney did have other UY available, but not December, and I was told they had others on the December wait list. When I saw a 150 point contract for December at TTS that looked appealing a couple of months later, I bought it for asking on the day it was posted ($86 with most '05 points included; I had to pay closing costs of $475, so figure that tacked on another $3/point). Passed ROFR and looking forward to closing in the next few weeks!

 

[LisaS]

Are certain DVC waitlist UY's more difficult to get than others?

Disney's inventory changes constantly, so if you want a particular UY, you might get lucky and they will have it available when you call. Or you might have to wait a few weeks or months. For example, jar just posted about waiting months for Dec UY points at BWV Dec UY. When I called about BWV last July, there were a couple hundred Dec UY points available.

 

[jdg345]

I actually just went through this exact process. I decided I wanted 175 points at BWV with a Dec. UY. TTS didn't have exactly what I was looking for so I called Disney and went onto their wait list. Their price was $95/point. Got a hard sell for SSR (several times). Disney did have other UY available, but not December, and I was told they had others on the December wait list. When I saw a 150 point contract for December at TTS that looked appealing a couple of months later, I bought it for asking on the day it was posted ($86 with most '05 points included; I had to pay closing costs of $475, so figure that tacked on another $3/point). Passed ROFR and looking forward to closing in the next few weeks!

Hello, I am new ... what is ROFR? I have an interest in SSR maybe and want to add more points. I don't understand the 'buy where you want to stay' logic though? Can't I just reserve at other resorts? It seems like SSR is a better deal since it goes through to 2054?

 

[diznyfanatic]

Hello, I am new ... what is ROFR? I have an interest in SSR maybe and want to add more points. I don't understand the 'buy where you want to stay' logic though? Can't I just reserve at other resorts? It seems like SSR is a better deal since it goes through to 2054?

Welcome to the DIS jdg345! ROFR means Right of First Refusal. All contracts that are for sale and receive an offer from a buyer must go through Disney first to see if they want to purchase the contract at the seller's asking price. If they don't, they waive their right to purchase and the buyer gets to purchase the contract. This is what's known as "Passing ROFR".

If you purchase at SSR that means your Home Resort is SSR and your can only make reservations at SSR 11 months in advance. People who own points at other resorts, have to wait until 7 months in advance to make a reservation.

Once you are within 7 months of your vacation, then you can book at any resort if you have enough points. This is done so that the people who own at each resort have a 4 month booking advantage before reservations are opened up to the other resorts.

As more and more members buy into DVC, it's going to become even more important to have that extra 4 months to book a reservation, especially at peak times like Christmas and Food & Wine.

That's why lots of folks say to buy where you want to stay because you might not be able to get the dates you want if you don't have the extra 4 months booking advantage.

 

[jdg345]

Welcome to the DIS jdg345! ROFR means Right of First Refusal. All contracts that are for sale and receive an offer from a buyer must go through Disney first to see if they want to purchase the contract at the seller's asking price. If they don't, they waive their right to purchase and the buyer gets to purchase the contract. This is what's known as "Passing ROFR".

If you purchase at SSR that means your Home Resort is SSR and your can only make reservations at SSR 11 months in advance. People who own points at other resorts, have to wait until 7 months in advance to make a reservation.

Once you are within 7 months of your vacation, then you can book at any resort if you have enough points. This is done so that the people who own at each resort have a 4 month booking advantage before reservations are opened up to the other resorts.

As more and more members buy into DVC, it's going to become even more important to have that extra 4 months to book a reservation, especially at peak times like Christmas and Food & Wine.

That's why lots of folks say to buy where you want to stay because you might not be able to get the dates you want if you don't have the extra 4 months booking advantage.

Oh! Great! Thank you! I see ... our goal in joining DVC was to stay away from those off peak periods and go during the times where the least amount of points were needed for the stay ... it sounds like doing SSR is probably the best bet in that case since even with 7 months I should be able to book wherever I want ... I think?

Thank you again!

 

[abner1776]

]

Ah...the perils of resale....stripped contracts. Those $90 contracts have been on the list for sometime( the 125 on the listing number equates to Jan 25th)...me thinks the seller is waiting for the market to catch up to his price and considering the way DVC is jackin up the price, the seller may not have to wait too much longer. I paid $92 flat for VWL only 2 months ago and now DVC is taking about $96.35(including closing costs).

 

[LisaS]

Oh! Great! Thank you! I see ... our goal in joining DVC was to stay away from those off peak periods and go during the times where the least amount of points were needed for the stay ... it sounds like doing SSR is probably the best bet in that case since even with 7 months I should be able to book wherever I want ... I think?

Thank you again!

It depends on exactly when you plan to go. For example, early December is one of those times when the fewest points are needed but it is one of the most popular times for DVC members to go to WDW (cheap on points, parks not too crowded, holiday decorations are up).

The general consensus seems to be that the times when you are most likely to be successful booking at a non-home resort at 7 months are 1) the last 2 weeks in January, 2) September (except around Labor Day) and 3) May (except around Memorial Day).

Many people do have a strong home resort preference and do "buy where they want to stay". So ownership may be becoming more skewed to the point where a large percentage of the people who own at a particular resort bought points there specifically to get that 4-month booking advantage. As DVC continues to grow I think it could become more difficult to get into the smaller resorts (BCV, VWL) and even BWV as more people compete at the 7-month mark for fewer available rooms.

Good luck with your decision!

 

[jdg345]

Thanks!!!

 

[poohj80]

We are just starting to think about adding on now that our family has grown and have a question that I hope someone can answer.

If we get on the waitlist with Disney now, does that lock in the current price or will we pay whatever the going rate is when our points become available?

Thanks!

 

[las3888]

I just bought for the first time through Disney (my other 3 contracts were through resale). We were waitlisted for BWV points and they came through in about a week. When we first contacted our guide, maybe 10-12 days ago, they had VWL points available for several use years. Not sure how many though. The will be $92 with no closing costs until 7/1 was my understanding.

We were under the impression that the price will go up 7/1 and it didn't matter that we were waitlisted. We told our guide that we would waitlist and take our chances instead of buying a use year that we didn't want. Just throughout the course of conversation I did have the impression that the price increase would apply to us even though we were on a waitlist.

I also am a big believer of buying where you want to stay, however we have had good luck getting into all of the other resorts that we don't own at. We were mistaken when we thought we would go in the slow times since we didn't have kids in school and didn't have to work around school schedules, however we find that Oct while it is sort of considered slow is like PEAK season for DVC. I think alot of people have in mind like PP said that they will go during slow times and use minimal points. It certainly is possible, but don't expect a standard view at BWV or to stay at BCV. There doesn't seem to be a big availability problem with OKW or SSR at this time.

 

[jdg345]

I just bought for the first time through Disney (my other 3 contracts were through resale). We were waitlisted for BWV points and they came through in about a week. When we first contacted our guide, maybe 10-12 days ago, they had VWL points available for several use years. Not sure how many though. The will be $92 with no closing costs until 7/1 was my understanding.

We were under the impression that the price will go up 7/1 and it didn't matter that we were waitlisted. We told our guide that we would waitlist and take our chances instead of buying a use year that we didn't want. Just throughout the course of conversation I did have the impression that the price increase would apply to us even though we were on a waitlist.

I also am a big believer of buying where you want to stay, however we have had good luck getting into all of the other resorts that we don't own at. We were mistaken when we thought we would go in the slow times since we didn't have kids in school and didn't have to work around school schedules, however we find that Oct while it is sort of considered slow is like PEAK season for DVC. I think alot of people have in mind like PP said that they will go during slow times and use minimal points. It certainly is possible, but don't expect a standard view at BWV or to stay at BCV. There doesn't seem to be a big availability problem with OKW or SSR at this time.

That might just be because OKW and SSR are larger than the others ... I wish VWL BCV and BWV had more space ... it doesn't seem possible to get there unless it's your home resort these days.

 

[las3888]

That might just be because OKW and SSR are larger than the others ... I wish VWL BCV and BWV had more space ... it doesn't seem possible to get there unless it's your home resort these days.

I agree, but we had luck getting into BCV for April. I can't even remember when we called, I think it was probably around 7 mos and we did okay. We really enjoyed our stay there. BWV seems to be pretty available if you are willing to take a "preferred" view. We also had luck getting into VWL in May a year ago. Not sure how we pulled that one off. We tend to go Sun-Thurs and stay in a 1BR. I think we wanted a studio for VWL and had to settle for a 1BR which of course is more points.

I think it will get tighter the more they sell.

 

[jdg345]

I agree, but we had luck getting into BCV for April. I can't even remember when we called, I think it was probably around 7 mos and we did okay. We really enjoyed our stay there. BWV seems to be pretty available if you are willing to take a "preferred" view. We also had luck getting into VWL in May a year ago. Not sure how we pulled that one off. We tend to go Sun-Thurs and stay in a 1BR. I think we wanted a studio for VWL and had to settle for a 1BR which of course is more points.

I think it will get tighter the more they sell.

Preferred View? Really? I figured those would be harder to come by? What kind of view do the standard rooms get?