Need some help

[tawasdave]

I have been looking into the DVC for about a month now. I have received the video and found it to be very lacking in financial details. So my questions are....

1) How are the yearly maintenance fees determined?

2) Is there a way to get detailed financial information without setting through a DVC presentation or getting phone calls from DVC?

3)Am I thinking straight ...I usually go to DW everyother year..So what I am thinking is buying a small (50-70) point investment and then bank or borrow to get enough for a week stay. Because of work I usually go Feb-Mar time frame (missing spring break when possible). On the resale listings howerver it appears that the small point resales are only at offsite facilities. Do they ever have small point investments for the onsite locations?

Ok..thats enough for now..thanks to all for all your help... :thewave:

 

[CarolMN]

Originally posted by tawasdave
I have been looking into the DVC for about a month now. I have received the video and found it to be very lacking in financial details. So my questions are....

1) How are the yearly maintenance fees determined?

They are based on the actual operating costs of the resort purchased. The total operating costs are divided by the total number of points and a "per point" maintenance fee is the result. You pay based on the number of points owned. By Florida state law, the maintenance fees cannot go up by more than 15% in a single year. In practice, the fees have risen much less and in some years, they have even gone down. Last year they went up quite a bit - due to the rising cost of insurance and the smaller ROI on the reserves (due to low interest rates). If you do a search, you will find several posts that list the history of the annual due rates and the associated increases/decreases.

2) Is there a way to get detailed financial information without setting through a DVC presentation or getting phone calls from DVC?

DVC is pretty low pressure - they won't pester you or pressure you. Not sure what financial information you are seeking. Perhaps you could clarify what you want (in addition to the dues info).

3)Am I thinking straight ...I usually go to DW everyother year..So what I am thinking is buying a small (50-70) point investment and then bank or borrow to get enough for a week stay. Because of work I usually go Feb-Mar time frame (missing spring break when possible). On the resale listings howerver it appears that the small point resales are only at offsite facilities. Do they ever have small point investments for the onsite locations?

Yes, but they tend to sell quickly - most never even make it to the web site listings. If this is the way you plan to go, call several brokers and tell them what you want. You will get a call when something comes in that matches your criteria.

Ok..thats enough for now..thanks to all for all your help... :thewave:

Good luck with your decision.

Best wishes -