Looking at buying to DVC: I'm a true Rookie,HELP

I wouldn't mind getting into the AKV but those aren't even underconstruction are they. So that will be years won't it? Well do you think that a small HHI contract will be easy to sell in a few years if I want to buy into the AKV or SSR?
 
AKV should be selling in early 2007 - they'll be opening converted lodge rooms first, and then completing the new construction. You should be able to purchase there in the very near future.
 
Really, Is there anywhere I can find some info on this. Or is this just a rumor. Because if it will be in the next year then I am going to wait and buy then for sure. But I still think I am going to buy my HHI for the good price that it is. If I don't like it I will sell. :thumbsup2
 
Pennyguy23 said:
Really, Is there anywhere I can find some info on this. Or is this just a rumor. Because if it will be in the next year then I am going to wait and buy then for sure. But I still think I am going to buy my HHI for the good price that it is. If I don't like it I will sell. :thumbsup2


Here is press release about AKV:
http://www.orlandosentinel.com/busi...6oct12,0,133757.story?coll=orl-home-headlines

With units set to open in Fall 2007, I've heard Feb 07 suggested as a start date for sales - but Disney never announces very far in advance.

If you plan to sell HHI, remember: it is not as popular and does not sell for as much. 2) it may become less popular once AKV goes on sale 3) buying resale you are paying closing costs that you likely won't be able to recoup unless you hold onto it for years.
 

Pennyguy23 said:
Really, Is there anywhere I can find some info on this. Or is this just a rumor. Because if it will be in the next year then I am going to wait and buy then for sure. But I still think I am going to buy my HHI for the good price that it is. If I don't like it I will sell. :thumbsup2
I think if you can wait until a bit into 2007, you will be able to buy AKV soon. It might not be until later in the year, but I think it will be online very soon. My guide was not able to talk to me over the phone about it, but he said we could talk when we come down next month.
 
Another thing to keep in mind is that no one really knows what Disney will do over the next 40 years. There are only about 200 rooms at BCV - it isn't likely to get any bigger. But if DVC continues to add members, particularly if they add large resorts that don't have a draw or a lot of offsite options, competiton for those 200 rooms over the next 40 years could get intense. Same for any of the other resorts.
 
crisi said:
Another thing to keep in mind is that no one really knows what Disney will do over the next 40 years. There are only about 200 rooms at BCV - it isn't likely to get any bigger. But if DVC continues to add members, particularly if they add large resorts that don't have a draw or a lot of offsite options, competiton for those 200 rooms over the next 40 years could get intense. Same for any of the other resorts.
And that is where the "buy where you want to stay" mantra becomes especially important. If you are looking mostly at the larger DVC resorts like SSR, OKW, and BWV (or in the future, AKV and CRV), the competion for the smaller resorts will make it nearly essential to own at those resorts to book them.
 
crisi said:
Another thing to keep in mind is that no one really knows what Disney will do over the next 40 years. There are only about 200 rooms at BCV - it isn't likely to get any bigger. But if DVC continues to add members, particularly if they add large resorts that don't have a draw or a lot of offsite options, competiton for those 200 rooms over the next 40 years could get intense. Same for any of the other resorts.

If I had a penny for every time somone posted that it is going to be hard to get a res because of more rooms being added I would be very rich. Yet it still doesn't seem to be the case there are always opportunities to stay at all the resorts. The BCV people don't always stay there every time they try different resorts or cruises or adventures leaving rooms open and there are last minute cancellations. But feel free to overpay for an overrated resort like the BCV and maybe Disney will give you the right of first refusal to buy back in 2042.
 
salmoneous said:
Any of the DVC resorts can be spun off from the system. All of us agree this risk is small.

Some of us, however, have a suspicion that the risk is higher for the off-property DVC resorts and would be wary of buying off-property for the purpose of staying on-property.


I would be very concerned about being spun off from Disney if I was in an area that they already allowed outside hotels to build like the BWV and BCV because they are right next to the Swan and Dolphin that are not owned by Disney.
 
I would definitely say to buy where you prefer to stay. As more and more vacation resorts are built, and bigger ones like Saratoga, it is getting increasingly more difficult to book away from your own property. I reckon if you buy at BWV, you will almost always get in at Saratoga, but if you buy at Saratoga you will struggle to book BWV. We own at BCV and WLV and just wouldn't buy at the likes of Saratoga as it wouldn't be our choice for a vacation. Hope that helps!
 
tor said:
If I had a penny for every time somone posted that it is going to be hard to get a res because of more rooms being added I would be very rich. Yet it still doesn't seem to be the case there are always opportunities to stay at all the resorts. The BCV people don't always stay there every time they try different resorts or cruises or adventures leaving rooms open and there are last minute cancellations. But feel free to overpay for an overrated resort like the BCV and maybe Disney will give you the right of first refusal to buy back in 2042.

This was probably four years ago - it was before SSR opened - when the debate wasn't about the twelve extra years, but about the far lower dues OKW had.

There was a poster on this board, who I haven't seen much of anymore. We had a thread about owning OKW and staying at BCV. The thread itself was strange, it had more to do with the dues discrepency and was it fair that there were people who exclusively used the high dues resorts while paying lower dues at OKW.

This poster (I'm not naming names) was adamant that owning at OKW was the best possible option. He (or she - not sure of gender) ALWAYS got exactly the room they wanted at BCV at the lowest possible dues price. This made, by far, the most financial sense. I recall this poster being an accountant, and threw up all the proper ROI numbers to prove their case - which was a very good case as long as the premise (they always got the room they wanted) held.

About eighteen months after the conversation, that poster quietly inquired about ROFR pricing at BCV and purchased at BCV contract. Since they did it quietly, I don't know the reason....but I'd imagine ALWAYS fell through. 'Cause OKW dues didn't go up that much, and they DID have a very good case.

I hate to see (and I've seen it about four times in my years here), people who invest in one resort to resell it and buy a different resort - having been told they won't have an issue booking seven months out and then discovering that it does make a difference. Maybe they have discovered that home is where your heart is and that, while they usually get what they want, they want to own what they want (the case for a few - including one that dumped the small harder to book VWL for the larger, easier to book OKW). Maybe they discover that they can get what they want with the wait list, but they aren't waitlist people. Maybe they aren't great calendar watchers, and seven months turns into five and a half and there is no room at the inn. Or maybe they are someone who actually got frozen out at seven months.

If you don't have your heart set on a certain resort, buy for cheap dues or twelve extra years. If your heart is set - you are in for disappointment somewhere along the way.

Will there ALWAYS be BCV members who use their points other places? Sure. But there will ALWAYS be other members want to stay at BCV (or somewhere else). And the DVC membership has doubled since I joined - that's twice as many people potentially wanting those 200 or so rooms. For a while we were getting two posts a week from people asking if they should by at SSR "but we always want to stay at BCV." (It was overwhelmingly BCV). That tells me something about how many more people are going to want those 200 or so rooms. Only a small subset of DVC owners find us before purchase.

I'll add a note here that gives a little perspective. I don't believe that owning DVC if money is tight is wise. So the $1500 of 150 points at $10 per should be "so what." The extra dues should be "eh." That money is so little compared to the overall cost of committing to WDW vacations that it shouldn't factor. I know a lot of people don't agree with me and a lot of people here own when money is tight and it works fine with them.

Now, would I pay a $10 premium for BCV? - no. I'm not that enamoured of Storm Along Bay - which is its only real advantage to me over any other resort. Its a really cool pool, but my kids will have about three trips were they really would use it, starting probably this next year. Three trips worth is not worth the $10 premium for me. If I were buying today, I'd buy OKW resale - great point value, big rooms - and they have the pool slide now that discouraged my first purchase. I'd give up walking to Epcot, which I love - but save a bunch over the BWV contract I own - and I'm frugal. And my favorite resort is VWL for theming. I wouldn't even consider an SSR contract (or HH or VB). I have no interest in staying at those resorts, the twelve extra years is meaningless to me, and I don't like SSR. I love AKL - and I'm anxious to see what DVC does there, but I don't think I'd wait for it. But that is me.
 
tor said:
I would be very concerned about being spun off from Disney if I was in an area that they already allowed outside hotels to build like the BWV and BCV because they are right next to the Swan and Dolphin that are not owned by Disney.

My biggest concern is that Disney will get bought by another company and that company will divest the hotels - all the hotels - to a hotel company. If they divest them to a company like Marriott, Marriott may be able to wrap DVC into their own timeshare division. That could significantly change the dynamics of booking Disney timeshares. They would be covered by the original DVC contracts, but there potentially could be a lot of flexibility there.

I'm not worried about the things I'm contracted to get (including a one month minimum priority window at home), I'm worried about the things that aren't covered in the contract - a million Marriott members wanting to book an OKW Grand Villa.....
 
crisi said:
My biggest concern is that Disney will get bought by another company and that company will divest the hotels - all the hotels - to a hotel company. If they divest them to a company like Marriott, Marriott may be able to wrap DVC into their own timeshare division. That could significantly change the dynamics of booking Disney timeshares. They would be covered by the original DVC contracts, but there potentially could be a lot of flexibility there.

I'm not worried about the things I'm contracted to get (including a one month minimum priority window at home), I'm worried about the things that aren't covered in the contract - a million Marriott members wanting to book an OKW Grand Villa.....
Well said, and I have worried about that scenario too.
 
I think you guys are worrying a bit too much. ;)

The Swan and Dolphin are on Disney property, not the the way around. That is the first time I've heard the EPCOT resorts are "off property". Too bad the prices don't reflect this observation. :)

Happy Thanksgiving!
 
crisi said:
My biggest concern is that Disney will get bought by another company and that company will divest the hotels - all the hotels - to a hotel company. If they divest them to a company like Marriott, Marriott may be able to wrap DVC into their own timeshare division. That could significantly change the dynamics of booking Disney timeshares. They would be covered by the original DVC contracts, but there potentially could be a lot of flexibility there.

Partially (and mostly) agree. Disney has become a VERY big company making it very difficult to be bought out by anyone (they were a serious target a decade ago or so). But along this line of thought my concern has always been for Disney to realize that its pieces are worth far more separately than they are together. This could occur at any time that profits aren't up to what the Board or the shareholders expect (or if in fact they do become a takeover target). I could just hear the announcement now that they want to get back to their basic themepark and/or movie business and are divesting the hotel and timeshare business. I don't think it would take a takeover for this to occur, just a decision divest assets (thus improving immediate profits).

HBC
 
They were a serious target by Comcast a mere three years ago. Enough to have analysts believing it was possible. But you are right - it wouldn't take a buyout to divest assets or divisions.
 
crisi said:
They were a serious target by Comcast a mere three years ago. Enough to have analysts believing it was possible.

You are correct as well. But I always questioned how serious that offer was. The whole Comcast thing was at the height of the get rid of Michael Eisner movement and it even drew the attention of the FCC and that's hard to do in this business environment. I was really talking about how Disney could have been much more easily had in the early 1990's when Michael Eisner was working his magic and the company was not what it has become. But anything is possible. Maybe tomorrow we will hear about the new GE-Disney Corporation?;)

HBC
 
This is great information and one of these days we will get to buy in. I might just need to start a special savings on the side for this.
 
Disney Doll said:
~Buy where you want to stay. I would put a little addendum on this...buy where you want to stay if where you stay is a paramount part of your vacation. Let me explain myself. There are some folks for whom their vacation is not their vacation unless they are at ..... If they cannot stay at the ..., then their vacation is ruined. For those folks, I would always advise to buy at the ..., regardless of how many years are left on the contract, because you work hard for your vacation time and if where you stay really matters to the point of affecting your enjoyment of your vacation, then you need to be able to stay where you want to stay by having the 11 month booking advantage. There are other folks who are just happy to be at WDW, and can find the positives in every resort...for those folks, I would say to go for the extra 12 years.


I completely agree with the entirety of Disney Doll's well-thought post. In particular, I agree that a chief question is which camp are you and your family: the have-to-stay- at-BW-every-time or not. If at all possible, I would definitely tour the resorts that you are considering during your next WDW trip. If that is not possible, at a minimum, order the DVC DVD from the DVC website.

Good luck in your decision.
 
Well I am trying to buy a resale right now. It went to Disney today. So I am now waiting for them to tell me the news. popcorn:: :hourglass :rolleyes1
 











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