Is Resale the way to go?

[jaynesherer]

If I am interested in buying into the DVC for around 160-200pts is resale the way to go? Is it the best deal, or should I buy direct from Disney?

Thanks, Jayne

 

[dizfan]

IMHO, yes, resale is the way to go. You can save a fair amount of money for a contract with the number of points you are looking for.

In late March, they will be removing some perks (DCL and ABD) from future resale purchases. Any contracts submitted for ROFR to Disney prior to March 21 will continue to receive these perks.

 

[WendyinNC]

I think it depends on what location you are looking at and whether or not you want to own one large contract or several small contracts. If you are looking at BLT and wanting four 50 point contracts, it would be best to buy direct. If you are looking at a 200 point contract at SSR, then resale is the way to go. Owning small contracts gives you the flexibility to sell some points while keeping others in the future.

 

[sleepydog25]

If I am interested in buying into the DVC for around 160-200pts is resale the way to go? Is it the best deal, or should I buy direct from Disney?

Thanks, Jayne

Your question is quite a loaded one what with the recently announced restrictions that will be placed on resale contracts after 20 Mar 11. I strongly suggest you read up on this issue before you go any further in your thought process, and there are plenty of threads (mostly found here in DVC Operations) that will guide you. In short, resale contracts are generally much cheaper than buying direct from Disney, but if you want the full perks "package" with your points (using points for Disney cruises, for example), buying resale after 20 Mar might not be the way to go. Do your research.

 

[sweetdana]

Also I think it depends where you are buying.

If you are buying BLT the new price after closing costs, and getting 2010 points, (assuming US), gift cards ect is within 15$ per point of a resale.

The opposite is true if you are picking SSR, or AK. Prices on resale are not holding up as well.
Also BC would be tough to find resale, you may end up waiting months to find a contract and then it is ROFRed.

You want to look at the price per point diff. and the resort you are picking and then make your decision too.

 

[juncker]

I am brand new here, but I have spent time researching this topic (much thanks to this discussion board) and I will share you my conclusions. Keep poking around this board for more information. There is a wealth of knowledge availabe from real people and not salesmen.

If you're Bill Gates and this kind of money is no more than a rounding error in your checkbook, then I would go direct through Disney. It is a much simpler and quicker process.

Another reason that you might consider buying direct is if you really want to have your home resort to be Aulani. There aren't any resale contracts out there yet.

If you buy direct from Disney, I believe that you can establish your Use Month if that makes a difference for you. Each resale will have an established use month that you need to live with (of course you can make an offer on a different contract based upon this). I've been told that once the deal is done for a resale (under today's rules), there is no difference when you call MS as to where you bought from.

The bottom line to the March 20th changes are going to affect you regardless of what you buy. If you decide to sell your contract a year or two from now, the recent resale rule changes are going to affect the purchaser (and the value of your contract) the same regardless who you purchased from.

The biggest plus to resale purchase has to be the price. An item to consider though when looking at any resale is the amount of current points available. You can get a contract loaded up with banked points, or another that has been borrowed to the point that you won't see Disney for 2 more years. Other than Aulani, you can buy a resale contract wherever you want.

The biggest downside to resale is the time and waiting. This is exactly where I am right now. We are waiting for ROFR for 160 point SSR resale contract with Dec use month. It is loaded with all 2009, 2010 points with 2011 points available to use if needed. I expect to pass ROFR at $65/point, but we are stuck in waiting. Thank goodness for this board as it gives me something to pass the time.

I had contacted Disney directly and spoke to an agent. This was prior to the recent resale announcement. When I asked her specifically why I should go through Disney direct and not resale, she could only say that "Changes were coming that she couldn't discuss". Even if I knew then, what I know now, I would still go resale as it isn't worth that much to me to use the perks that they are taking away. They still have the right to remove these perks from me or any direct Disney purchasers in the future if they desire.

My options were to spend around $20,000 for 160 points at BLT (would have been my first choice), or pay about half that for a resale (diff location). We also could have bought BLT resale for around $16,000. We aren't inclined to travel regularly during the busy times as we don't like the large crowds. Anything Disney is good by us. I'm interested in visiting every DVC location if possible in the future, but will be happy with SSR if nothing else. I'm sure we will try the THV's at some point with the SSR contract too. If you really have a favorite place to stay, then you should make that your home resort. Getting the 11 month booking window will ensure that you get in most of the time. That seems to be much more important than where you bought from. We liked SSR as they had a good price ($65/pt), their maint fee is less than most resorts, and it goes to 2054 (I'll be 91 years old then) rather than many of the 2042 sites. It just seemed to make sense to us.

That was what I came up with based upon my situation. Remember, I'm just a newbie around here, and I'm sure that other people will have their opinions as well. That's the beauty of these forums as you can be shown both sides to a story. My contract has not closed and I could certainly end up with a different opinion, but for that amount of cash, I'm taking the chance.

My recommendation would be to buy that resale contract now, before the changes, and go find a contract that is loaded up with points so you have more to enjoy now. If location is important to you (such as loving Storm Along Bay) then that should be where you buy. If it doesn't matter to you, then buy based upon the cost. I would also go online and request the DVC planning DVD and material. It gives yousomething to read while you wait to close.

Hoping to take our first trip this October if this all comes through! I hope it works out for you too! Let us know what you decide.

... pardon my lack of proper acronymn usage for this board. I'm still new and trying to learn them.

 

[khmiller]

Excellent post. We are in the ROFR process and agree with the post. Maybe a more experienced DVC member has a different perspective???

 

[dizfan]

One additional piece of information to point out.

Since we are now in February 2011, it you buy direct and ask for a February UY, you will no longer receive February 2010 points. (Similarly, once March arrives, you no longer receive March 2010 points, ...).

As mentioned, with resale look close at the points. Some have banked, some have borrowed, etc. It varies from each contract.

 

[sleepydog25]

I am brand new here, but I have spent time researching this topic (much thanks to this discussion board) and I will share you my conclusions. Keep poking around this board for more information. There is a wealth of knowledge availabe from real people and not salesmen.

If you're Bill Gates and this kind of money is no more than a rounding error in your checkbook, then I would go direct through Disney. It is a much simpler and quicker process.

Another reason that you might consider buying direct is if you really want to have your home resort to be Aulani. There aren't any resale contracts out there yet.

If you buy direct from Disney, I believe that you can establish your Use Month if that makes a difference for you. Each resale will have an established use month that you need to live with (of course you can make an offer on a different contract based upon this). I've been told that once the deal is done for a resale (under today's rules), there is no difference when you call MS as to where you bought from.

The bottom line to the March 20th changes are going to affect you regardless of what you buy. If you decide to sell your contract a year or two from now, the recent resale rule changes are going to affect the purchaser (and the value of your contract) the same regardless who you purchased from.

The biggest plus to resale purchase has to be the price. An item to consider though when looking at any resale is the amount of current points available. You can get a contract loaded up with banked points, or another that has been borrowed to the point that you won't see Disney for 2 more years. Other than Aulani, you can buy a resale contract wherever you want.

The biggest downside to resale is the time and waiting. This is exactly where I am right now. We are waiting for ROFR for 160 point SSR resale contract with Dec use month. It is loaded with all 2009, 2010 points with 2011 points available to use if needed. I expect to pass ROFR at $65/point, but we are stuck in waiting. Thank goodness for this board as it gives me something to pass the time.

I had contacted Disney directly and spoke to an agent. This was prior to the recent resale announcement. When I asked her specifically why I should go through Disney direct and not resale, she could only say that "Changes were coming that she couldn't discuss". Even if I knew then, what I know now, I would still go resale as it isn't worth that much to me to use the perks that they are taking away. They still have the right to remove these perks from me or any direct Disney purchasers in the future if they desire.

My options were to spend around $20,000 for 160 points at BLT (would have been my first choice), or pay about half that for a resale (diff location). We also could have bought BLT resale for around $16,000. We aren't inclined to travel regularly during the busy times as we don't like the large crowds. Anything Disney is good by us. I'm interested in visiting every DVC location if possible in the future, but will be happy with SSR if nothing else. I'm sure we will try the THV's at some point with the SSR contract too. If you really have a favorite place to stay, then you should make that your home resort. Getting the 11 month booking window will ensure that you get in most of the time. That seems to be much more important than where you bought from. We liked SSR as they had a good price ($65/pt), their maint fee is less than most resorts, and it goes to 2054 (I'll be 91 years old then) rather than many of the 2042 sites. It just seemed to make sense to us.

That was what I came up with based upon my situation. Remember, I'm just a newbie around here, and I'm sure that other people will have their opinions as well. That's the beauty of these forums as you can be shown both sides to a story. My contract has not closed and I could certainly end up with a different opinion, but for that amount of cash, I'm taking the chance.

My recommendation would be to buy that resale contract now, before the changes, and go find a contract that is loaded up with points so you have more to enjoy now. If location is important to you (such as loving Storm Along Bay) then that should be where you buy. If it doesn't matter to you, then buy based upon the cost. I would also go online and request the DVC planning DVD and material. It gives yousomething to read while you wait to close.

Hoping to take our first trip this October if this all comes through! I hope it works out for you too! Let us know what you decide.

... pardon my lack of proper acronymn usage for this board. I'm still new and trying to learn them.

It certainly seems you did your homework, and truly, that's the most important factor in making a purchase. If after all the questioning, researching, and reading a person decides DVC works for them (direct/resale, small/large contract, maintenance fees, end of contract, etc.), then that person is walking into a situation where they should know what could happen to any timeshare, including Disney, in the future. There is a lot of angst on the DVC boards currently due to the recent announcement, but depending upon one's inclination, either the changes don't affect them or the sky is falling. But, giving due diligence to all the issues let's one be informed, and that's the bottom line.