If you could do it all over again, would you by direct or resale?

Laugh O. Grams

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Dec 14, 2004
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After doing quite a bit of research and many hours lurking on the DVC boards (Thanks, guys!), we've finally decided to make the leap and buy into DVC! I have only 2 questions: What would you do if you had to do it all over again, buy direct from Disney or buy resale at the reort of your choice, and is it really a problem getting accomodations at other resorts within the 7 months, that are not your home resort? Thanks again!
 
The only thing I would do differently is get about 50-75 more points.

...is it really a problem getting accomodations at other resorts within the 7 months, that are not your home resort?

Depends almost entirely upon the resort you're trying to get into, time of year, size of room and how far in advance you'll be able to make your reservation.

Unless you are convinced going in that you only want to stay at ONE RESORT for nearly all of your DVC trips, then I don't think your Home is as important as some people make it out to be. That said, buying into a Home that you dislike would also be a big mistake.

Your Home resort is your fallback position. It's the resort you can confidently book 11 months out and then start watching for good airfare, rental car rates, etc.

At least make sure that your Home is a resort that you believe you will enjoy, even if it might not be your favorite. Unless all of your trips will be in BCV studios between Thanksgiving and Christmas, you'll have plenty of opportunities to try all of the resorts.
 
Direct or Resale is a difficult question because there are so many variables. If I was purchasing SSR or BCV, I would probably buy direct because of the current incentives for SSR and the small difference in price between direct and resale on BCV. This might also apply to VWL depending on the amount of points. I feel OKW/HHI/VB would be the best option for resale as there is, in some cases, over a $20/per point reduction for going that route. This could really add up if you're purchasing a lot of points. Now BWV is the one that could go either way. There are some resales that would still offer a decent savings, plus there's been a few really sweet ones that still have '05, '06, and '07 points intact. Of course, the other kicker for me personally is that I live in a state (WA) were DVC is only licensed to sell SSR...so that kind of makes the decision for me.
 
We bought OKW points directly from Disney and got a discount for our stay at the resort we were staying at. We bought VWL and BCV preoccupancy and got the discount from Disney. So we couldn't have save any on a resale for these four purchases. There were no resales for VWL and BCV when we bought.

We did one resale - 50 points at OKW - got a different use year, which makes it a little more difficult to manage. Not too bad, though.

The reason we bought the two 100 point contracts at VWL and BCV were so we could use the 11 month advantage at those two resorts. SSR hasn't been a problem, we stayed at BWV once and probably won't again (just not our cup of tea) and we won't buy points at VAKL. As much as I like the AKL, this doesn't thrill me in the least.
 

We bought through Disney, for the reasons mentioned above (SSR incentive, and pricing on small BCV), plus low closing costs. Plus, it is incredibly easy. No ROFR, no waiting, can make reservations right away. Plus, we could put it on a credit card and get points.
Not that I wouldn't consider resale for the right thing - it sounds like our board sponsor is excellent to work with as well.
 
I bought BWV in 1999, at that time there were very few BWV resales. The only thing I would change is instead of buying one contract of 250 points, I wish I bought 150 and 100. I'm at a point now where I don't need the whole 250 points, I wish I could sell part of it.
 
We bought BCV and BWV this year. One direct through Disney and one resale. If I had to do it again I would have just gone through Disney for both purchases. I may only buy resale again if it was at OKW because the resale price is significantly lower. But if I want additional BCV I am doing direct, no way would I do resale again!

Here are some issues we had doing resale, YMMV. I should say that we did our resale through a reputable company, one you all know, I am not naming names. Sorry this is long. I pretty much stink at being brief :rotfl:

Problem 1, Bad communication:
The first resale we tried we put in and overnighted our deposit. After waiting quite a while I emailed the company to just check in. They told me they had been trying to reach me for 9 days to tell me that Disney had exercised ROFR.

I got plenty of other emails and phone calls during this time period, got their response to my last email just fine, so no clue why they could not reach me for 9 days. I decided to shrug it off and try again.

(We had other incidents of people not returning phone calls or messages prior to this, this is just one example. Also some emails we recieved were a bit curt.)

Problem 2, Unforseen delays:
We put in for another resale and got notice that Disney had waived ROFR. We were told it would be 10 to 15 days to get our closing documents.

On day 16 I emailed to let them know I had not seen my closing documents and to check in. I thought perhaps that it meant 10 to 15 working days not calendar days. I was told no, they just had not gotten to it yet. I ended up getting my closing documents after 24 days.

Problem 3, They almost lost our money!
Yay, I have my closing documents! I sign them all then send them and my check via Express Mail.

Three days later they emailed back saying they received our paperwork but no check. I emailed and said look again, the check is in there. Waited 2 hours, no email back so I called. I called every 30 minutes the entire day and only got voicemails no matter what number I tried. Left lots of messages, no return phone calls. Finally close to 6:00pm I got someone on the phone.

The person I spoked to said they log every envelope that comes in and its contents. In their ledger it said paperwork recieved, no check. I asked again for them to check the envelope. She did and said no check here.

We went round and round for 20 minutes over this. I insisted that I mailed the check, she insisted that I must have not put it in the envelope or perhaps just did not send it. While she was polite she was treating me like I was an idiot or a jerk. I told her I distinctly remember putting the check in the envelope because heck, that is a lot of money and you wanna make sure it gets there!

Finally I said, "what does the envelope look like that you have, maybe the person who logged mail put my stuff in someone elses envelope". She said no check for $17,863.71 was posted in any account today so that could not have happened.

I asked again, would you please tell me what the envelope looks like. She said it is just your standard Express Mail envelope. And I said, ok, what about the white envelope that was inside it. She said there is no white envelope only this one, maybe you forgot to put the white envelope with the check in the Express Mail envelope.

I told her that was not possible and to look at the Express Mail envelope. Do you see the clear window on the front? Yes. Well do you see your address on the envelope anywhere? No. Well that is because all my signed documents and my check was in a white envelope, addressed to you and that addressed part is what shows through the clear window.

Bingo! I was no longer idiot girl and after arguing on the phone for now about 30 minutes she said she would ask the receptionist tomorrow about the white envelope. I did not have a good feeling about this and I said I really would like it if you would go looking for it now. She agreed to look...sort of grudgingly and said she would call me back

She called back about 15 minutes later, she found the inner envelope...and my check...in the TRASH!

Now, I understand mistakes happen but this one is pretty bad. What irked me more was the fact that I was treated like I was an idiot or that I was lying about sending a check. Thank god she thought to check the trash.

ANYWAY to make a long story longer :) , that was about 4 weeks ago and I am told it takes 4 to 6 weeks for us to get the deed. At that time they let Disney know as well. I am not sure how long it takes to get in the system after that. I was on the phone with DVC just to check and they do not have this resale in their system yet for us.

Buying a resale was cheaper but not worth the headaches and the stress. The wait is also a bummer too. I am guessing it will be close to two months after we paid that we will have the points in at Disney.

With buying direct from Disney we were in the system the same day they got our funds and could make ressies right then and there. Communication has been excellent and has been zero stress. Again, YMMV.
 
Our first attempt was for VWL and was ROFR'd by Disney, and we then bought into BWV with the Magical Beginnings ($10 off discount) and added on through Disney some VWL points.

We have added on resale (VB and VWL) and we've also added on direct (BWV and VWL). We have been very pleased with each transaction, except that first, of course.

I wouldn't hesitate to go resale if I found what I wanted, but buying direct is definitely faster.

Bobbi :)
 
I bought two different contracts, one direct from Disney and one resale. I found there was no real difference between the two transactions - the Disney one was completed much more quickly because I was buying on-site from an inventory of available points (HH) and I didn't have to go through ROFR, but the resale transaction was painless as well. I wouldn't hesitate to buy resale from the reputable companies we all know and love, if the perfect contract came up!!!
 
Laugh O. Grams said:
After doing quite a bit of research and many hours lurking on the DVC boards (Thanks, guys!), we've finally decided to make the leap and buy into DVC! I have only 2 questions: What would you do if you had to do it all over again, buy direct from Disney or buy resale at the reort of your choice,
I'd buy the resort of my choice either from Disney or resale. There are pros and cons to each, and we've bought both ways. Neither is "preferred" really, it's just whichever fits your needs best.


and is it really a problem getting accomodations at other resorts within the 7 months, that are not your home resort?
Depends on where you want to stay, and what times of year. If you want to stay at VWL at Christmas, I'd say it's a problem. If you want to stay at BCV in early September, probably not too much of a problem.

Personally, I would strongly advise buying at a resort where you have no intention of staying. If, on the other hand, you are happy enough with your home resort for any given stay and want to "sample" the other DVC resorts, then that's a good strategy. But if you would be disappointed to stay in your home resort, that would be a poor purchase choice, IMHO.
 
Basically, if you want less than 150 points, you'll have to buy via resale.

If you want 150 or more points at OKW, HH, or VB you'll save a bit of money via resale.

If you want 150 or more points at SSR, BWV, or VWL... you'll likely find that it's not much difference between resale and direct. At that point you'd have to look at whether the resale contracts were loaded with banked points, etc...

If you want 150 or more points at BCV, it would probably be cheaper if you could get it direct. However, you'll likely have to get on a wait list unless you are willing to accept any UY.

Personally, I didn't have any major problems purchasing my OKW via resale. I went that route because I wanted to start with less than 150 points. Then I added on with points at SSR direct from Disney because it was "cheaper" with the incentives, it was immediate, they took a credit card. I don't think I would change how I did that because having multiple smaller contracts will make it easier for me to sell later on than if I had ones that were 150.
 
Only thing I would like is to have bough in sooner.
 
Have done both and would do both again. Here would be my criteria for buying direct.

1. First offering for new resort that I wanted to stay at regularly and have 11 month advantage.

2. If I feel it is important to select contract size and/or use year.

3. If I wanted to add-on a small contract to an existing membership.

4. Others might add if financing was important.

11 month window importance depends on resort, time of year, length of stay and size of villa. 2 bdrm for a week at BCV or VWL during Christmas and I would want to own. Same villa in January 7 month window just fine.
 
I bought two resale: 150 at BW and 100 WL--at almost exactly the same time. It was right at the end of Beach selling out and even though I could have bought 240 there, I was not greatly impressed when first visiting.

Luckily, the BWV and VWL have the same use year. Actually, I found out much later the 100 pt contract at VWL is actually two 50-pts...which was never told me when buying.

Since then, I have added on three through Disney: one at BCV for 75 and two more small ones at VWL for 50 and 65 pt. And of course, Disney keeps your same use year when adding on.

Now, I am kind of glad I did not go with one big contract. This way, as our needs change, I may sell off a small contract if needed or transfer a small contract to my daughter within a year or two, so she will also be a member and entitled to the DVC perks, such as AP.

At the time of initial buying, I was unaware that you could also waitlist with Disney for the "sold-out" resorts, but keep in mind you would have to purchase 150 pts initially. If I had known that, I probably would have bought only one resale --because of the closing costs-- and waitlisted with Disney for the additional contract.

You just have to look at it from several angles and see what fits your needs best and what the best deal is, considering point cost, banked points, and closing costs.
 
We've done both. Didn't have a problem with either. The only thing I would say about resale is to watch the contract you are buying, how it is "loaded", what points remain, what costs you will have, when your points will be available. Often, many of the resale contracts are "stripped"...that is no points available till 2008.

We used The Timeshare Store to purchase our resale and had a very good experience.
 
Granny said:
I'd buy the resort of my choice either from Disney or resale. There are pros and cons to each, and we've bought both ways. Neither is "preferred" really, it's just whichever fits your needs best.



Depends on where you want to stay, and what times of year. If you want to stay at VWL at Christmas, I'd say it's a problem. If you want to stay at BCV in early September, probably not too much of a problem.

Personally, I would strongly advise buying at a resort where you have no intention of staying. If, on the other hand, you are happy enough with your home resort for any given stay and want to "sample" the other DVC resorts, then that's a good strategy. But if you would be disappointed to stay in your home resort, that would be a poor purchase choice, IMHO.


VERY, VERY GOOD ADVICE!
 
We bought our first two contracts (BWV-150 pts & OKW-50 pts) resale and everything went very smoothly. We just got home on Friday from an OKW stay and bought 50 more pts at BWV direct from Disney while there. Just so happens our guide was in, and we were done with everything in literally 20 minutes. We paid $95 per point but no closing costs. Now we're going to sell our OKW contract through resale - hope that goes as smooth!!
 
Disney Doll said:
We've done both. Didn't have a problem with either. The only thing I would say about resale is to watch the contract you are buying, how it is "loaded", what points remain, what costs you will have, when your points will be available. Often, many of the resale contracts are "stripped"...that is no points available till 2008....

I know many posters here understand all of this already, but I know I sure didn't when I first started pricing resale contracts, so please bear with me on this long post (or just skip it entirely..)!

Yes, available points on a resale are very important to your calculations - especially once you realize that if you are adding on direct (through Disney) you will usually (but NOT always, apparently) get current yr points as well, yet only pay MFs starting with the month of purchase. So, if I were to add on a 100 pt contract with a Feb UY, I would likely get 100 current-yr (2006) points (avail to book as soon as deposit is made) and 100 pts on 02/01/07, yet only pay maint fees beginning with Nov. '06, plus pay no closing costs (add-ons only).

A resale contract with current points available (not available to book after closing) will often require reimbursement for the 2006 MFs (for the yr, not beg. Nov) plus closing costs of ~$425 or more (and with some resellers, add'l fees of $195). On an OKW 100 pt contract, MF and closing costs of $425 add nearly $8 per point to your cost, PLUS current yr points may not be available on the resale contract - valued at $10 per point (avg rental price), this will mean an additional $10 per point difference as well. If Disney is selling OKW add-ons for $95, a resale contract with no current points (2006) would have to be priced at $77 to "break even" - anything more, and it is actually more expensive than purchasing direct (assuming no negotiated fee concessions from seller). If there are no 2007 points, add another $10 difference (or $67 per point, which will likely never pass ROFR, IMO). Initial purcase calculations are slightly different, as they incur (lower) closing costs from Disney.

All this said, there are still resales that are less expensive than direct (especially when "loaded"), and there are other intangible issues that can come in to play (too long a wait list direct; a wish to buy a smaller contract just to get in to the system, etc.)

in the interest of disclosure (and this post subject) we are in the process of purchasing two resale contracts, one of which I probably would not have done had I had all this information available at the time of our offer (our "savings" are minimal over Disney, & not worth the time delay IMO - but I didn't know about the "current yr" points from Disney then).
 
I look at is as a dollar thing, i own at SSR 2004 and have 2 resales at OKW. I think buying resale if you get banked points in the package and rent them out it drops your point price. I averaged $ 71.50 for the OKW deals after renting the banked points. 7 month reservations have not been a problem for me and i have been renting since 2004.
 
Bought resale. It was cheaper.

If I were buying now I would compare the cost of both and pick the best deal.

I doubt I would buy at "IPO" of points unless the offer was SWEEET.
 





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