Is it just that time of year, or what?

[Beca]

A lot of BWV contracts have come up on TTS website recently, and they are all STRIPPED!! They are asking as high as $75 per point, and one contract will not get points until 2006!!

I just wondered if this was normal to see so many contracts come up stripped at the end of the summer (people taking one last trip before they sell), or if it seems people may be stripping their contracts more because they know they can?

Any "veterans" of the resale market feel like chiming in on this one?

Thanks,



Beca

 

[calypso*a*go-go]

For the most part I think its owners that have decided to sell their points and want one last trip in which they stayed as long as possible, in the nicest accommodations possible, and trying to get the most from their investment one last time.

Also, there are many people that bought into DVC with the sole purpose of renting points and treating it like a business instead of a vacation timeshare. It would be their goal to rent every last possible point prior to sale.

 

[Beca]

Gosh, Calypso....thanks for answering me!!!

I was beginning to feel unloved

I just don't think I have seen that MANY stripped contracts in one place, listed at one time!!!

Thanks again,



Beca

 

[calypso*a*go-go]

You're welcome, Beca!

You know, another factor might be the fact that we are heading into fall and people may be trying to unload those stripped contracts before they have to pay the '05 maintenance fees. Why hang onto something you can't use, but have to pay for?

And of course, the DVC price increases have really heated up the resale market as well.

 

[TiggerFreak]

Originally posted by calypso*a*go-go
For the most part I think its owners that have decided to sell their points and want one last trip in which they stayed as long as possible, in the nicest accommodations possible, and trying to get the most from their investment one last time.

Also, there are many people that bought into DVC with the sole purpose of renting points and treating it like a business instead of a vacation timeshare. It would be their goal to rent every last possible point prior to sale.

The issue of using DVC as a commercial enterprise seems to be taken as gospel by many posters. Does any one have real hard data to support the OP statements that "there are many people that bought into ..." ?
Is this speculation?
What percentage of points are rented out with the sole purpose of making a "GASP" profit?


Not taking sides on the whole point renters are the scourge of DVC issue. Just being a little skeptical about the statements made without supporting eveidence. It seems to be the norm in our society, to put a postition out without support and people are too complaceant(sp?) to look beneath the spin.

 

[dizfanz]

I never really understood why people get worked up over the fact that their first years points may be used up. Is it just because they may want to use points right away? They way I see it, if you save say $10-$15 per point and have the contract until 2042, what is the big deal about losing only one year of points?

 

[CarolMN]

Originally posted by calypso*a*go-go
You're welcome, Beca!

You know, another factor might be the fact that we are heading into fall and people may be trying to unload those stripped contracts before they have to pay the '05 maintenance fees. Why hang onto something you can't use, but have to pay for?

And of course, the DVC price increases have really heated up the resale market as well.

I don't think many of us who read/post here would pay maintenance fees for 05 points that were already used - I sure wouldn't! If that is their motivation, then those owners must be hoping to find a buyer that is either desperate to own BWV or one who isn't very knowledgable about DVC. JMHO.

Best wishes -

 

[sitchu2]

I was considering selling my 60 and 90 point bwv contract, but have not yet put it up because it is stripped.

If I was to sell it I would certainly expect to pay the maint. fees for all the points I used. That would be the only right thing to do.

 

[LIFERBABE]

How many buyers would be willing to pay MF's on points they don't get?

I was considering selling my 60 and 90 point bwv contract, but have not yet put it up because it is stripped.

As for the smaller contracts, I would list them, if you are really interested in selling. Because they are small, someone will buy them. Someone looking to get their foot in the DVC door for a smaller outlay.

From what I have seen, stripped contracts don't take that big of a hit in price either, if any. I would expect the seller to pay all MF's on all used points.

I never really understood why people get worked up over the fact that their first years points may be used up. Is it just because they may want to use points right away? They way I see it, if you save say $10-$15 per point and have the contract until 2042, what is the big deal about losing only one year of points?

Yes it's a years worth of points, but that year could set you up for a lifetime of borrowing, and never being able to maximize your contract if you wanted a larger unit or extended trip or take family along. I've rarely seen a savings of $10-$15 listed for stripped contracts. They are priced within $2-$4 of a loaded resale contract and $6-$8 savings (once closing etc. is added) of a DVC add-on. (pre price increase)

 

[chainkid]

Don't assume that if a contract is stripped the buyer would be paying for maintenance on those points. I am presently buying a contact that has very few 05 points left but I stipulated the seller would be responsible at closing to pay maintenance on all used points. I don't need the points right away and wouldn't pay for those someone else used. At $70 per point its not that much less than a loaded contract.

 

[DrTomorrow]

Originally posted by dizfanz
I never really understood why people get worked up over the fact that their first years points may be used up. Is it just because they may want to use points right away? They way I see it, if you save say $10-$15 per point and have the contract until 2042, what is the big deal about losing only one year of points?

Simple; it's like buying a beautiful new luxury car, but not being able to drive it for a year and a half.

 

[calypso*a*go-go]

We are educated on DVC and a lot of it came from this board. But don't forget about the thousands of other DVC owners/prospective buyers out there that don't have a clue what is considered the "norm" (by our discriminating standards!) when buying a resale.

As for owners that treat their membership as a business -- all you have to do is read previous threads and you will find several posts indicating they do exist and are not just "urban legends". I also feel it doesn't take too long for owners in this situation to realize that it takes quite a bit of renting to get back the initial investment and it sometimes is more trouble than it's worth. So what's left...sell the stripped contract.

Geez Beca, that's the last time I try to make you feel "loved". Look at all the trouble you got me in.

 

[Beca]

Originally posted by calypso*a*go-go
.

Geez Beca, that's the last time I try to make you feel "loved". Look at all the trouble you got me in.

Sorry about that!!! But, if it is ANY consolation...you did make me feel VERY loved!!!!!



Beca

 

[KAMLEM]

You didn't say anything wrong calypso*a*go-go!!!

 

[calypso*a*go-go]

Originally posted by TiggerFreak
The issue of using DVC as a commercial enterprise seems to be taken as gospel by many posters. Does any one have real hard data to support the OP statements that "there are many people that bought into ..." ?
Is this speculation?
What percentage of points are rented out with the sole purpose of making a "GASP" profit?


Not taking sides on the whole point renters are the scourge of DVC issue. Just being a little skeptical about the statements made without supporting eveidence. It seems to be the norm in our society, to put a postition out without support and people are too complaceant(sp?) to look beneath the spin.

Hey TiggerFreak:
Have you ever looked at the Rent/Trade board? That's all the evidence I need to see there's a whole lot of rentin' goin' on. And, I never meant anything negative or positive in my statement. Was just offering my theory on why so many stripped contracts are for sale.

KAMLEM: Thank you -- I didn't think so either.

 

[SoCalKDG]

If I was selling, I'd be tempted to go on one last vacation before selling the contract. Turnover is so quick on resales, why not sell it that way.