New BLT resale

Misty89

DIS Veteran
Joined
Nov 12, 2003
Messages
1,857
WOW

on TSS, $95/pt
that beats disney direct .......sure wish we were ready to buy.
 
It amazes me that someone is selling BLT already. They have to be selling for a loss, I assume they bought before the new incentives. They also have to pay commission to whomever is selling it for them.
 
With the current incentives on BLT, ($112-$16=$96) it is not much better than buying direct from Disney, and I would not go through the hassle to save $1/point!
 

Factor closing costs, lack of incentives, and the longer close time, not sure if it would be worth.
 
If you add in the non Disney closing costs of $3 to $4 per point I would buy with Disney!

However an offer of $90 per point would make the numbers work!:thumbsup2
 
We don't know what it sold for...that is just what they asked for it. It could have went for 90/pt and seller paid closing? It would be nice they would list what it sold for, maybe the person will post to ROFR thread.
 
It amazes me that someone is selling BLT already. They have to be selling for a lose, I assume they bought before the new incentives. They also have to pay commission to whomever is selling it for them.

Can you say layoff? :sad2:
 
my heart goes out to these folks if they started off able to afford this and then, like so many others these days, the economic situation impacted them so adversely that selling their DVC became necessary.

I'd like to think that their intention all along was just to get out quick - perhaps they purchased just intending to use DPs and hoping to make a bit of profit on selling BLT early on anticipating that Disney would keep raising price (but as we now see prices have decreased from when BLT sales first began).

:confused3
 
my heart goes out to these folks if they started off able to afford this and then, like so many others these days, the economic situation impacted them so adversely that selling their DVC became necessary.

I'd like to think that their intention all along was just to get out quick - perhaps they purchased just intending to use DPs and hoping to make a bit of profit on selling BLT early on anticipating that Disney would keep raising price (but as we now see prices have decreased from when BLT sales first began).

:confused3

Seems to me that it would be an awfully big risk/financial commitment to take just for some DP's! I know when I called my guide about 3 weeks ago, he said that he could set me up for no payments until June 1st. Maybe they realized that it was just the tip of the iceberg as far as Disney vacations go. They still need transportation, tickets, and food.

I think when you get on here everybody has a rosy vision of what it is like to own DVC. I ALWAYS read DVC Mike's TR and love them! However, for me to own over 1100 points, plus pay for all the transportation, MF's AP's, and Dining would not work for my family! But I love to read them just the same!

People need to know there own financial situation and live comfortably within it! Disney takes all the worries out of owning! Everyone is approved for financing!

I know that I wouldn't buy with the intentions of using the DP's for a "free vacation" then trying to turn around and sell my initial investment.

Would you ever buy a new BMW, drive it to a class reunion to impress people, then turn around a week later and try to sell it back for a profit? Why would anyone think that's a good idea with DVC?
 
Seems to me that it would be an awfully big risk/financial commitment to take just for some DP's! I know when I called my guide about 3 weeks ago, he said that he could set me up for no payments until June 1st. Maybe they realized that it was just the tip of the iceberg as far as Disney vacations go. They still need transportation, tickets, and food.

I think when you get on here everybody has a rosy vision of what it is like to own DVC. I ALWAYS read DVC Mike's TR and love them! However, for me to own over 1100 points, plus pay for all the transportation, MF's AP's, and Dining would not work for my family! But I love to read them just the same!

People need to know there own financial situation and live comfortably within it! Disney takes all the worries out of owning! Everyone is approved for financing!

I know that I wouldn't buy with the intentions of using the DP's for a "free vacation" then trying to turn around and sell my initial investment.

Would you ever buy a new BMW, drive it to a class reunion to impress people, then turn around a week later and try to sell it back for a profit? Why would anyone think that's a good idea with DVC?


Would I do that no because I could care less about impressing anyone

BUT

Different strokes for different folks and I think you may have misunderstood my initial post, I'm not supporting or judging their decision (I'm just hoping they have NOT fallen on hard times) And, although I doubt few people buy just for the DPs and first year's worth of points usage some, in fact do, because they have the luxury of disposable $ and like to buy and try and then move on to their next whim. What I think is maybe part of the 'problem' if you will, with DVC is that too many people think it is a way to make a profit. Take a look at OKW; if you're a member who bought in at the get-go then yes you can sell at a price per point that is higher today than what you purchased at so a prospective buyer who knows what OKW initially sold for looks at resales and can possibly think "wow, look at how OKW's price has increased" as if it's a sure thing to make a profit on if you sell it off in years to come BUT the reality is that OKW owners from earlier days who are selling today are probably paying MFs for over 15+ years, etc.

And the Disney fantasy financing world is changing too ( there are posts after BLT sales began of prospective buyers being turned down for financing ), ita that people should take a good look at what they can afford whether or not Disney is generous in extending financing.
 
I expect many more to show up. I mean how many investments made last fall (frugal or otherwise, stocks, homes, cars etc) are worth what...90% of investment, maybe 100% with DP value? Many are less than half.
 
It's not worth it. When you consider prepayment of maintenance fees and then closing costs the current incentive is almost the same amount of money for a lot less hassle.
 












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