Need opinions on DVC resale prices please

[tractortippin]

Hi All, Bought my first contract direct through Disney. Second contract through the time share store because it was recommended here on the boards.
Looking for a third, tss doesn't have what I need. When I started looking around I noticed some places (ie: Fidelity) the price per point is so much lower than others. Anyone have any information on why this is? DVC resale market has a contract I like but its $40 (give or take) more per point than fidelity?
Just wondering what others have found. Thanks in advance

 

[hlhlaw07]

Hi All, Bought my first contract direct through Disney. Second contract through the time share store because it was recommended here on the boards.
Looking for a third, tss doesn't have what I need. When I started looking around I noticed some places (ie: Fidelity) the price per point is so much lower than others. Anyone have any information on why this is? DVC resale market has a contract I like but its $40 (give or take) more per point than fidelity?
Just wondering what others have found. Thanks in advance

Generally, Fidelity does have lower prices and DVC Resale Market's are higher. However, when comparing, make sure you are comparing apples to apples. While the resort may be the same, the available points may be vastly different and could be a reason for the price discrepancy. A $40 difference is quite large though.

 

[rer1972]

I've dealt with both, and my experience is that Fidelity had some higher fees related to closing that TSS.


Have tried searching the DVCSearchEngine (can't insert the link)?

It's not perfect, since the links are not always up to date, but it's a good way to compare and review multiple site listings.

 

[kboo]

It also really depends on the contract and the seller. I recently bought a contract from DVC Resale Market that was about the same price as those listed on Fidelity, and a lot lower than those listed on other brokers' sites (and lower than ones that have subsequently made their way onto the DVC Resale Market site). My first contract, from TSS, was also a smooth transaction - the seller was super responsive and returned all their docs quickly, and I got a relatively low price as well.

 

[tractortippin]

Generally, Fidelity does have lower prices and DVC Resale Market's are higher. However, when comparing, make sure you are comparing apples to apples. While the resort may be the same, the available points may be vastly different and could be a reason for the price discrepancy. A $40 difference is quite large though.

DVC resale market and TSS price per point was a lot closer. I get why a 300 point contract would be lower I just thought contracts with similar amounts of points would be priced alike.
Thanks for the respose

 

[tractortippin]

I've dealt with both, and my experience is that Fidelity had some higher fees related to closing that TSS.


Have tried searching the DVCSearchEngine (can't insert the link)?

It's not perfect, since the links are not always up to date, but it's a good way to compare and review multiple site listings.

I have not tried that but will check it out. Thanks

 

[tractortippin]

It also really depends on the contract and the seller. I recently bought a contract from DVC Resale Market that was about the same price as those listed on Fidelity, and a lot lower than those listed on other brokers' sites (and lower than ones that have subsequently made their way onto the DVC Resale Market site). My first contract, from TSS, was also a smooth transaction - the seller was super responsive and returned all their docs quickly, and I got a relatively low price as well.

Thanks for the info

 

[hlhlaw07]

DVC resale market and TSS price per point was a lot closer. I get why a 300 point contract would be lower I just thought contracts with similar amounts of points would be priced alike.
Thanks for the respose

Also, I think that Fidelity prices their contracts to move very quickly. Generally, the majority of their contracts do not last more than a day on the market, and that's even if they make it to the website before having an accepted offer. DVC Resale Market's tend to stick around a while and are probably priced with more of the mindset to get top dollar instead of moving quickly.

 

[iheartglaciers]

Fidelity seems to be known for having lower prices than many other sites (and thus less negotiating) because they get a lot of distressed contracts, but recently I find a lot of their contracts are more similar to other brokers. For instance, they have a handful of Poly contracts at $140-143 that have been sitting there for awhile. They do update the site because the contract I bought was updated to pending by the next morning. They still get deals, but you have to move on them very quickly!

I think every broker will get a good deal from time to time, you just have to stalk the web sites and emails. It just takes one motivated seller who wants to list lower than the average price so they can get a buyer quickly.

 

[kboo]

Might be interesting to see what happens to prices with the big drop in the stock market today and Friday ...
Our retirement accounts and my kids' 529s are going to take a hit...

 

[DisneyDotts]

Might be interesting to see what happens to prices with the big drop in the stock market today and Friday ...
Our retirement accounts and my kids' 529s are going to take a hit...

Is it bad that I'm hoping the DVC prices will go lower since the stock market just dropped? That's horrible I know. Granted I do not/will not like what it does to my 401K!!

 

[kboo]

Is it bad that I'm hoping the DVC prices will go lower since the stock market just dropped? That's horrible I know. Granted I do not/will not like what it does to my 401K!!

I'm in the same position. Maybe I will get a BWV or BCV contract after all...

After 9/11 (I lived near the WTC then), I remember running uptown after the 2nd plane, and thinking, "real estate prices will come down now," and immediately, "I AM A HORRIBLE PERSON!!!" (Many years later I can look back on that and laugh, but it was awful at the time.)

 

[miTnosnhoJ]

dvcresalemarket.com recently had a stripped VGF contract that could not close until July offered in the $160s when the market is at $140 or lower.
If I were to bid on this contract, I would offer $140 or lower. The problem is that they have set unrealistic expectations with the seller. So I would probably let it age for awhile so the seller would get a feel for the market. On the other hand, they might get lucky with the "Greater Fool Theory" and find someone to buy it at that price.

For those not familiar with the Greater Fool Theory, it states that it does not matter what you pay (for a stock in the stock market, say) because there is always a greater fool who will be willing to pay even more.

 

[kboo]

dvcresalemarket.com recently had a stripped VGF contract that could not close until July offered in the $160s when the market is at $140 or lower.
If I were to bid on this contract, I would offer $140 or lower. The problem is that they have set unrealistic expectations with the seller. So I would probably let it age for awhile so the seller would get a feel for the market. On the other hand, they might get lucky with the "Greater Fool Theory" and find someone to buy it at that price.

For those not familiar with the Greater Fool Theory, it states that it does not matter what you pay (for a stock in the stock market, say) because there is always a greater fool who will be willing to pay even more.

They were the broker on my VGF that I got for $135. No points until August. My "sale pending" contract was gone from the website before they listed a bunch of VGFs for $170 and up, even though we were still in estoppel at that point. I may have gotten a unicorn...

 

[DisneyDotts]

They were the broker on my VGF that I got for $135. No points until August. My "sale pending" contract was gone from the website before they listed a bunch of VGFs for $170 and up, even though we were still in estoppel at that point. I may have gotten a unicorn...

Oh man. I'm looking at VGF and the prices are horrible right now. Well maybe not horrible but I just don't like the price point it is currently

 

[Matty B13]

I think Resale Market is try to set the market price, a lot of their listings have bumped up by $20 to $35 dollar/pp. I guess we will see if they can get some suckers to buy at those prices.

 

[Ben E N]

Might be interesting to see what happens to prices with the big drop in the stock market today and Friday ...
Our retirement accounts and my kids' 529s are going to take a hit...

I doubt they will change much for 3 reasons.
1. This is a correction, not some big scary event like a terrorist attack. If it worsens significantly over time, things can of course change.
2. People are not too likely to want to just dump contracts at a discount right away. If they lose jobs in the long run, things may then change.
3. Star wars land is still coming. I bet prices will continue to rise due just to that.

 

[jtwibih]

I think Resale Market is try to set the market price, a lot of their listings have bumped up by $20 to $35 dollar/pp. I guess we will see if they can get some suckers to buy at those prices.

I was wondering the same thing because they are HIGH. Fidelity has some good deals and Timeshare Store is pretty consistent. We are in the process of trying to find a contract right now. Anyone have any luck going low on Resale Market and getting accepted?

 

[Matty B13]

I was wondering the same thing because they are HIGH. Fidelity has some good deals and Timeshare Store is pretty consistent. We are in the process of trying to find a contract right now. Anyone have any luck going low on Resale Market and getting accepted?

I have gone through them for one of my contracts in 2016, and we negotiated a small reduction on a fully loaded contract. But it is really up to the owner if the will negotiate a little bit or not at all. If I was to bid I would offer what is the market rate and see what happens, but we don’t need any points right now, so I wouldn’t pay their crazy high price.

 

[tractortippin]

dvcresalemarket.com recently had a stripped VGF contract that could not close until July offered in the $160s when the market is at $140 or lower.
If I were to bid on this contract, I would offer $140 or lower. The problem is that they have set unrealistic expectations with the seller. So I would probably let it age for awhile so the seller would get a feel for the market. On the other hand, they might get lucky with the "Greater Fool Theory" and find someone to buy it at that price.

For those not familiar with the Greater Fool Theory, it states that it does not matter what you pay (for a stock in the stock market, say) because there is always a greater fool who will be willing to pay even more.

Yes they had one with no points for 2018 but buyer has to pay 2018 dues. I dont think so!