looking to buy but!!!!!

[ch1975]

just a quick question, if i bought a re-sale dvc package and use year starts 1st of february 2010, does that mean i can book my stay for christmas at disney for the same year, if i'm staying in my home resort, using the 11 month rule, also how much are legal fees etc when purchasing dvc re-sale, just want make sure i get all info so i can talk the wife around.
thanks

 

[Shooby doo]

Your best bet is to look at when you are most likely to go as opposed to just this one trip unless of course you like going at Xmas! Most advice is to look at a UY that is approx 6-8 months before your normal holiday dates,this gives you the option to "bank" your points in plenty of time.The 11 month rule only applies to where your home resort is, all others are 7 months & yes you would be able to book for Xmas on those calculations.
We used a guy called Scot Decker at TTS,who was very helpful & he phoned us back.Your extra costs (for us as it depends on your resort of choice) $450 closing costs including deed search & $420 for our dues for this year.The dues have to be paid for the year at the time but some buyers have haggled & either got the seller to pay them or split them. We bought a 175 point contract that only had 85 points left for this year but that suited us & we got a great deal.
Most people advise buying at the place you want to stay but really this is more the case for the smaller resorts like BWV & BCV,also worth bearing in mind that the 50 year contract starts from when the resort became DVC & not when you buy- so for us our SSR contract runs out in 2054.
The whole process took about a month,also worth mentioning that on Resales Disney can exercise ROFR (Right of First refusal) basically if WDW think that the contract is too cheap they will buy it! More so for contracts that have a full or near full years points & are well below the average going rate.
We only bought this year,should have done it years ago! So just ask.
SD

 

[Elise79]

just a quick question, if i bought a re-sale dvc package and use year starts 1st of february 2010, does that mean i can book my stay for christmas at disney for the same year, if i'm staying in my home resort, using the 11 month rule, also how much are legal fees etc when purchasing dvc re-sale, just want make sure i get all info so i can talk the wife around.
thanks

First thing to note is don't get use year confused with booking window. You can always book your home resort 11 months in advance. Your use is when your yearly points get refreshed. So a feb use year has points valid for says between 1 Feb to 31 Jan. Your banking window would be 30 September.

Best use year is one that starts just before you travel or to look at it another way if there are 2 or 3 months when you know you won't travel have your use year start after that.

For example we know that won't travel in January (Not allowed holiday from work then) and it is very unlikely we would travel over xmas or in February so we picked a March use year This fits in with our travel plans of April and September/October

We bought direct from Disney as we wanted BLT and our closing costs were $250 but I know that resale is higher. You would probably be best contacting one of the brokers and asking

 

[jamie@dvcstore]

Hi ch1975,
I wanted to see if I could provide some insight into the costs involved in a resale purchase. I believe that the others who have posted have done a great job of explaining use year and the 11 month window.

The costs you will have on a resale purchase will typically be 3. You will have the purchase price,closing costs, and annual dues on any points you receive for the current year.

All costs are negotiable so you can always present an offer to the seller and we would take care of that for you. Just to provide you the best insight, the common offer is normally less per point. The majority of contracts that we sell the buyer will pay closing costs and current years annual dues. In regards to Disney and Right of First Refusal these are costs Disney typically wants to see a buyer paying.

Closing costs are going to depend on the purchase price of the property. As an average they run $450-$600.

If you have any additional questions about the process or costs involved please give us a call or send us an email. Any associate will be glad to assist you.


Good luck and hope to welcome you home soon.


Jamie
________
THE CIGAR BOSS