Need advice quick...have to decide today 9-13

[kenziesmamaw]

We visited DVC last week and have to decide by close of today's business if we are going to join so we can get the incentives. I've been reading here and know that this is a great deal, it's just that it will be a stretch for us financially. We won't have to start making payments til next May, so that helps, but it is still taking a chance.

My question.....what do closing costs usually amount to on a resale. I know it can vary, but our second option is to wait for now and then work on getting a resale at OKW so we might be able to afford more points up front and have the lower maintenance fees.

 

[dianeschlicht]

If you are financially strapped, I would look at a resale later.

 

[RuthnPaul]

Here's what we paid for closing costs (all in 2004)

$725 on 370 points
$550 on 270 points
$6xx on 350 points (can't remember exact $$ amount)

There is also Disney's $100 transfer fee to consider as well as maintenance fees on any current year points that are available. Payment of mantenance fees is negotiable as to the buyer or seller paying; lately it seems that the more costs the buyer picks up, the better chance of getting through ROFR.

If you are not in the best financial position right now, I'd suggest postponing for a while.

HTH!

 

[OneMoreTry]

If in doubt, don't buy. I would be surprised if you couldn't get the incentrives later.

It's like the TV commercials: Order within 30 minutes and you will also get, for free .....

Then you hear the same commercial 30 minutes later.

It's just a sales gimmick. They are PRESSURING you and you shouldn't make a decision in that situation if you have any doubt at all.

 

[jel0511]

There is another consideration to think about. Are you going to be paying cash for the purchase or financing? If financing, I'd stick with Disney, since they do make the process easy, and trying to find decent financing for a resale is close to impossible. I'd wait for a resale if you're going to be paying cash, since it can be a significant savings over DVC's prices.

 

[kenziesmamaw]

What about the idea of renting out points to cover some of the payment? Again, I know it's a risk and I wouldn't double my points expecting to rent half every year, but it could offset some of the cost.

What's your experience on this?