Gambling On Contemporary Dvc

[Jimdvc]

Buy a re-sale at the resorts you love.

By the time the CVR is done, you will be in the mood for an add on, trust me.

If by chance you aren't ready for an add on , and still want CRV, simply sell your BW or BCV. Those 2 resorts are always in demand, and will sell with ease of priced right. My guess is once you own them, you won't sell and will do a CRV add on if you still desire to own there.

There is the post in question.

 

[DVCPAT]

Wanting to STAY at a resort and wanting to OWN at that resort are two very different things. I'm not an owner at BWV, but will be making my 4th trip there in a few weeks. But I would sooner buy points at AKV (a resort which is not particularly a favorite) before BWV.

Right now The Timeshare Store has listings for BCV as low as $85 per point. And that's not the only contract in the $80s. 18-24 months ago points there were consistently selling in the mid-to-upper $90s. There's a BWV listing for $79 per point.

The market for these two resorts has already taken a hit. If CRV is announced, demand for those contracts will go down further. That's not to say that the resorts will be any less popular among members. Sure, people will still want to stay there. But two things will happen from a sales standpoint:

1. Many current owners of BCV and BWV will opt to sell their ownership. Some will be selling to buy CRV points. Others will simply be trying to cash in before the value drops too far. But make no mistake--the supply of available contracts will increase.

2. Demand will drop dramatically. Again, if you can buy CRV and get the same close proximity to the theme parks PLUS 19 more years of ownership, why bother paying inflated prices for BWV or BCV? Some will still choose to do so, but not in as great of numbers. In the end, demand will definitely be lower.

Greater supply combined with lower demand results in lower prices.

ROFR will prop-up prices to some extent, but in order for DVC to exercise ROFR, you still have to receive an offer on the points. And offers will only go to the most attractive (i.e. lowest-priced) contracts on the market.

If someone were to buy BCV today at $92 per point with the intention of selling in 2-3 years when CRV is on sale, my guess is the best return they would get out of the contract is about $78 per point. My assumption is that the contract value will drop by about $5 per point (that's less than I said in my first post--I didn't realize how low they had already dropped). That takes you down to $87 per point. Then subtract 10% broker commission.

I think the economy is weighing on contract prices, not the future CRV. Many BWV and BCV owners bought into these particular resorts because we enjoy them. I would be surprised if you could find many BWV/BCV owners that vacation outside their home resort, similar to you (recently 4 times?).

If what you say is true “Greater supply combined with lower demand results in lower prices”, I would imagine SSR resales would be hit the hardest. If you add up all the BWV and BCV Timeshare Store contracts, they don’t come close to the amount of SSR contact inventory. We recently stayed at SSR and had a nice time. I will say, it was the only Disney resort with rooms available.

 

[lisaviolet]

$104 before the $8 discount, free maintenance on 2007, I will pay maintenance in 2008. Like I said, it will be a gamble to pass this up.

I'm sorry if this is in one of the other posts but you can buy all "soldout" resorts directly from DVC. You do not have to go resale to buy BWV or BCV.

I too thought of waiting for CR. Came on these boards with the same thoughts. And I bought in 2005. It would have been a long wait.

I would buy now and do a CR add-on, usually as little as 25 points but who know if they will change that when/if CR comes, directly from Disney.

As far as AKV or SSR. I don't know. I would go for what you love. I didn't care because I thought I would never use the 7-11 window. Not a planner. So I just bought. And then sold one of our contracts for BWV points. I've finally used a window almost three years in and I nabbed a BW view studio NY's week. So it's nice to have.

If I had to do it all over again. Hmmmm. I would forget the extra money of doing this and I would buy a small resale and add on slowly after I've stayed at a few resorts for a low point amount, studios (even by paying for some transferred points from another member if my contract was very small). It's so easy to buy add-ons from Disney when you know. I know that might be extra $$$ but at least you would have the inventory that you really want. I do not own at VWL and I would in an instant after staying there. In an instant. I didn't know how much I would love it. Well, I did but someone else hated it and then loved it. Oh the compromises of life!!! BCV was another fav in my mind. I've stayed there and surprisingly thought it was just okay. I was really perplexed that I wanted points there so badly and then just thought "hmmm" with no big reaction. So sometimes you never know how you will really feel.

Good luck with everything.

 

[mommacat56]

I just made an offer for TSS resales at both BCV and BWV because I couldn't resist the lower prices! The current prices, whether good or bad, depends on your perspective I guess I own at OKW and love it there, but can't wait to try out my two new home resorts (assuming they pass ROFR)! I'm NOT an 11 month planner. I have never been able to get the needed accomodations at either of these resorts at 3-4 months out, which is about as far in advance as I've ever been able to plan. But now, with the 11 month window, I'll just have to be more organized!

And you can add me to the group of people NOT wanting to stay near the MK! My kids are in their 20's and love DTD and Epcot. Maybe I'll think differently when grandchildren come along (none are married and I'm "too young to be a grandmother" as I've reminded them on a regular basis! ).

I'm really leaning away from AKV (despite the current incentives and extra length of contract). I'll be 100 years old by then and, even though WDW has a way of keeping you in touch with your inner child, my ears will be soooo old I won't be hearing it anyway!

Forget the CRV (to me it's just the car I drive ) and give me California and Hawaii!

 

[tjkraz]

I think the economy is weighing on contract prices, not the future CRV.

And if CRV was announced tomorrow, there would be even more contracts added to the resale marketplace. These tendencies are independent of whatever is happening in the economy.

Many BWV and BCV owners bought into these particular resorts because we enjoy them. I would be surprised if you could find many BWV/BCV owners that vacation outside their home resort, similar to you (recently 4 times?).

If what you say is true “Greater supply combined with lower demand results in lower prices”, I would imagine SSR resales would be hit the hardest. If you add up all the BWV and BCV Timeshare Store contracts, they don’t come close to the amount of SSR contact inventory. We recently stayed at SSR and had a nice time. I will say, it was the only Disney resort with rooms available.

My comments were never intended to serve as a criticism of one resort or another. And if you read all of the posts, I hope you will see that.

I simply don't agree with the philosophy of buying BCV or BWV now--or any other DVC resort, for that matter--with any thought of selling in 2-3 years time.

 

[bnlbebes]

$104 before the $8 discount, free maintenance on 2007, I will pay maintenance in 2008. Like I said, it will be a gamble to pass this up.

I read the whole thread, and didn't see anyone else question this offer...

Since it is NOW 2008, why is getting 2007 maintenance fees paid for a new buyer an incentive. Just looking to get educated here.

As for the OP - I know my sister is in a similar dilemma. She thinks that her family will be spending most of their time at the Magic Kingdom, so she is hoping for CRV to be announced in the near future. As a BWV owner (who loves it, btw) I am not attracted by the extra years that are part of the terms of the new DVC resorts contracts. By 2042, DW and I should be retired and looking to travel to WDW less often, and if DS wants to travel their with his family, that will be his choice, but we are not planning on buying an extended contract with him in mind.

I say buy where you want to stay and pay whatever monetary/emotional price you are comfortable with. The incentives will be long forgotten if you end up making memories at you favorite DVC "Home."

 

[SanDeeKath]

To the OP: Don't rush the purchase. There are ALWAYS good incentives. THere were better ones last summer actually. So no need to feel pressure to buy by the 18th. It'll come around again.

Personally, I'd wait and see about CRV. I don't know why people have doubts as it's already 1/2 way done with construction. I am sure it'll be (partly) DVC and partly resort (if not all DVC). So why not just wait a bit longer and see when they make the announcement. It's bound to happen in the next few months.

Being off the monorail is a HUGE advantage to many people. I'd wait.

K

 

[keishashadow]

Interesting that nobody has metioned WLV possibly declining in value

we own there & BWV, hope to add on the points we need (now ) @ CRV

however, i've a feeling that the min. buy in will be set higher than standard 25 cash/50 finance currently available; perhaps even a full 150/160 points .

sure hope not, or we'll be forced to sell one or both of our other contracts.

Talk about a tuff decision - BWV for standard points/locaton or WLV for themeing & location to MK. As much as WLV is our fav., it would probably be the one to go on the block since the CRV would have sim MK access and hopefully, view of MK.

 

[Mickey'sApprentice]

DH and I stayed at the Contemporary Resort in 1994 and 2002. We absolutely fell in love with the Contemporary, and it is our favorite resort. On our 2002 trip, we decided to spend an evening enjoying the Boardwalk. We walked around Crescent Lake, and watched the activities on the boardwalk that included a Saxophone Quartet. It was a truly magical evening.

With that said, we love CR and love BWV!!!

We bought 100 points at BWV resale, and have stayed at BWV for 2 wonderful trips. Those are trips we wouldn't have had waiting for CRV, and we spent a much more affordable $8,400 for 100 BWV points than $16,000+ for 160 CRV points. However, we are looking forward to CRV.

As we get older, our BWV points will run out about when we decide to not travel as much, and then will have occassional trips with our CRV contract. Our family will probably have to deal with our CRV points, as we'll be hitting 90.

The only question for us now is do we get 50 or 100 CRV points. We definitely want to buy enough points to take advantage of the discounted AP.

 

[dallasdisneymommy]

To the OP: Don't rush the purchase. There are ALWAYS good incentives. THere were better ones last summer actually. So no need to feel pressure to buy by the 18th. It'll come around again.
K

This is exactly right. Last summer it was double developers points. And the offer the OP mentioned is the same offer that's been "about to end" for several months now.

We added on to our SSR contract with a smaller AKV contract in January because we needed some more points, and wanted an 11 month booking window somewhere else. We would have loved to wait for CRV but couldn't.

Something my guide said but didn't really say leads me to believe that CRV will start selling this year. So if you can wait a little longer, I'd do it. The location will be awesome!

Good luck on your decision, OP!

 

[Kathi OD]

I think the economy is weighing on contract prices, not the future CRV. Many BWV and BCV owners bought into these particular resorts because we enjoy them. I would be surprised if you could find many BWV/BCV owners that vacation outside their home resort, similar to you (recently 4 times?).

If what you say is true “Greater supply combined with lower demand results in lower prices”, I would imagine SSR resales would be hit the hardest. If you add up all the BWV and BCV Timeshare Store contracts, they don’t come close to the amount of SSR contact inventory. We recently stayed at SSR and had a nice time. I will say, it was the only Disney resort with rooms available.

DH and I own at BWV and have NEVER, EVER stayed there. We have no desire to stay there either. When we bought DVC, BWV was all that was available, and we wanted in, right then! We had already had to put our plans to purchase on hold twice and were afraid if we didn't buy at that point in time something else would come along and mess w/ our plans. As a matter of fact, when we made ressies for our last trip all that was available was BWV and we waitlisted for another resort. Neither BWV or BCV appeal to either of us, despite their close proximity to Epcot.

We also have no intention of selling once CRV becomes (IF it becomes) available. We have less interest in staying there than BWV.

 

[dallasdisneymommy]

DH and I own at BWV and have NEVER, EVER stayed there. We have no desire to stay there either. When we bought DVC, BWV was all that was available, and we wanted in, right then! We had already had to put our plans to purchase on hold twice and were afraid if we didn't buy at that point in time something else would come along and mess w/ our plans. As a matter of fact, when we made ressies for our last trip all that was available was BWV and we waitlisted for another resort. Neither BWV or BCV appeal to either of us, despite their close proximity to Epcot.

We also have no intention of selling once CRV becomes (IF it becomes) available. We have less interest in staying there than BWV.

Wow. Out of curiosity, where do you stay?

 

[global_mom]

You make good points, but I have heard that it can be quite difficult to gat a reservationat the beach villas inside the 7 month window. i would have a much bettr chance with 11 months as a home resort. yes I could buy resale at the beach but the current incentive is hard to pass. They are giving me $8
off per point ($1280) 160 2007points, 160 2008 points this year and a bonus 160 developer points (I have to use these by 11/08).

You can also forgo the discount ($8) and have another set of 160 developer points instead. The developer points can sometimes be tricky to use but we have had no problems using ours. So depending on your UY (selling Dec. right now, I beleive on AKV) you would get your 2007 points (160), your 2008 points (160) would come to you on Dec. 1, 2008. You would also get a matching set of developer points (160) and you would get another set of points (160) that are the "complimentary" vacation that you see in the incentive promo material.

We are already members but I beleive that this package is available to new members as well (someone please correct if this is not available to first time buyers). We did not know about it until we talked to our guide this week.

 

[tomandrobin]

You can also forgo the discount ($8) and have another set of 160 developer points instead. The developer points can sometimes be tricky to use but we have had no problems using ours. So depending on your UY (selling Dec. right now, I beleive on AKV) you would get your 2007 points (160), your 2008 points (160) would come to you on Dec. 1, 2008. You would also get a matching set of developer points (160) and you would get another set of points (160) that are the "complimentary" vacation that you see in the incentive promo material.

We are already members but I beleive that this package is available to new members as well (someone please correct if this is not available to first time buyers). We did not know about it until we talked to our guide this week.

Are you sure about getting two sets of developer points? If thats true, I can understand why there seems to be no very limited in any of the resorts

 

[global_mom]

Are you sure about getting two sets of developer points? If thats true, I can understand why there seems to be no very limited in any of the resorts

Yes - we called our guide the other day to discuss the current advertised promotion. I had noticed a post that stated that they had gotten double points so I asked Ron. Anyway this is what he told me for the various size of points:

110 point - get 100 complimentary points and get 110 matching points

160 points - get 160 complimentary points and get 160 matching points

200 points - get 270 complimentary points and get 200 matching points

Adding on 200 points actually makes it MORE than the double developer points of this past summer. You can buy any amount of points greater than 110 and you get the matching points regardless of the size of purchase. The complimentary points stay fixed at 100, 160 or 270.

Not a bad deal! Sure wish that they were still doing the $500 Disney Visa reward dollars to go along with this!!

 

[SanDeeKath]

Yes - we called our guide the other day to discuss the current advertised promotion. I had noticed a post that stated that they had gotten double points so I asked Ron. Anyway this is what he told me for the various size of points:

110 point - get 100 complimentary points and get 110 matching points

160 points - get 160 complimentary points and get 160 matching points

200 points - get 270 complimentary points and get 200 matching points

Adding on 200 points actually makes it MORE than the double developer points of this past summer. You can buy any amount of points greater than 110 and you get the matching points regardless of the size of purchase. The complimentary points stay fixed at 100, 160 or 270.

Not a bad deal! Sure wish that they were still doing the $500 Disney Visa reward dollars to go along with this!!

Does someone have the source of this advertising. Our guide today said that is not a promotion she knows about. I'd like double points if I can find it somewhere! HELP!! Also, are these for addons or new contracts?

K

 

[global_mom]

Does someone have the source of this advertising. Our guide today said that is not a promotion she knows about. I'd like double points if I can find it somewhere! HELP!! Also, are these for addons or new contracts?

K

The ad is on the DVC member website and we also got something in the mail some time ago. These both advertise the "complimentary vacation" that you get when you buy more points. There is nothing about the additional matching points on the website ad.

Hopefully someone can confirm if this is available for new buyers, I did not ask our guide about this since we are already members.

 

[tomandrobin]

Does someone have the source of this advertising. Our guide today said that is not a promotion she knows about. I'd like double points if I can find it somewhere! HELP!! Also, are these for addons or new contracts?

K

Ah, now I can put the two "ids" together. We are on tug also, replied on your new purchase over there tonight.

 

[AKV707]

I know that it is cliché, but the old adage is to buy where you want to stay. If BWV and BCV are your main interests, go for a resale.

If you really want to take advantage of the great incentives, go for it. SSR and AKV are both great resorts. AKV is a better fit for DW and I. Waiting for a possible CRV will mean that you will miss out on some great DVC vacations that you could be taking while Disney decides what to do with the mystery tower.

In the case of DW and I, CRV holds little interest for us. Sure we might stay there one day, but aside from AKV, OKW and BWV are most likely going to be our destinations.

 

[tjkraz]

Does someone have the source of this advertising. Our guide today said that is not a promotion she knows about. I'd like double points if I can find it somewhere! HELP!! Also, are these for addons or new contracts?

K

The key is that in order to get the double points you must forego the $8 or $10 promotional discount. For either SSR or AKV, you will pay $104 per point.

If you can actually use the points, it's not a bad deal--particularly since you aren't paying any dues on the extra set of points either. But be warned that Developer's Points can be a real pain to work with. They have to be managed outside of the normal DVC reservation system, which seems to have lead to a lot of headaches for members. You can only book 7 months out using the DPs and there is a finite window (12 months?) in order to use them or lose them. DVC has been flooding the system with so many Developer's Points lately that even slower periods seem to be getting booked solid months in advance.

If you decide to take the additional points instead of the cash discount, just ask your guide to look into it. I get the sense that it is not a very popular offering since most people are content with the one set of Developer's Points and the points for their current Use Year. Getting a bottom-line price decrease is probably more attractive than receiving a third set of points to use up-front.