new vs resale

[spatenfloot]

Hello. I have been looking at DVC and was wondering how much it costs to purchase points direct from Disney at SSR. Are additional points from RoFR waitlists cheaper than normal initial purchase points? I see that the resale cost is usually $70-80 per point. Is this significantly lower than new? Thanks.

 

[SpoonfulofSugar]

To purchase directly from disney at SSR the price is $95 or with incentives it is $87 and that is suppose to increase from the $95 about $3-5 in June. The resales are less per point but you also have to add closing costs and maintence fees if there are any unused points. If you buy directly from disney there are no other fees involved. To purchase the other sold out resorts from disney the cost is currently $89.

 

[spatenfloot]

Thanks, that info is very helpful.

 

[JimMIA]

Also keep in mind that - regardless of whether you buy resale or direct from Disney - SSR has 49 years of points remaining and all of the other resorts have 37. What that means is - if you do the math correctly - you will find that SSR is more costly to get into initially, but a little cheaper in the long run.

In addition to the per-point cost of buying in, don't forget to consider the annual dues. Those will probably amount to more that the initial cost over the duration of your ownership, and they vary a good bit from resort to resort - so research those as well.

The positives of buying resale are lower initial cost, lower initial cost, and lower initial cost. Resale prices which get through Disney's Right Of First Refusal generally range from the mid-70's to the mid-80's, and what will pass ROFR varies quite a bit from resort to resort. You also have to pay closing costs in most cases, but remember that everything is negotiable in a resale.

The negatives of resale are that the process is slow, complex, and frustrating. Plan on 8-10 weeks from initial offer to actually being able to use your DVC account. And the uncertainties of ROFR make it a very uncertain and stressful time. However, you will save on initial entry costs...probably several thousand dollars.

There are several positives of buying direct.

1. You are buying from a seller you know - Disney. A lot of people worry about the resale brokers - don't. The resale brokers are fine; it's the sellers you have to worry about - they are not always scrupulous.
2. The outcome is never in doubt - you know your purchase will go through.
3. You are getting 49 years of points at SSR, not 37, and that is not a trivial number. That's 32-33% more points.
4. Disney will finance your purchase, although you may be able to finance it yourself less expensively with a home equity line.
5. The process is a phone call. Almost immediately you are able to use your membership.

The obvious negative of buying direct is higher initial cost.

Here are links to a couple of other threads which may help you
http://www.disboards.com/showthread.php?t=778634
http://www.disboards.com/showthread.php?t=794010

Good luck!

 

[CarolMN]

IMO, it is not a good idea to base your purchase only on cost (but of course, you must seriously consider it, LOL).

You have the ability to reserve accomodations at your home resort (the one you actually buy) at 11 months ahead of check out. For non-home resorts, you must wait until 7 months or closer to the check out date to make your reservation. For some times of the year, you really need the home resort booking advantage to ensure your first choice of dates, resort, view and unit size.

If you don't or can't plan more than 7 months in advance, it probably doesn't matter which resort you buy. If you don't care where you stay, it probably doesn't matter either - unless you want to stay on site and bought off site (VB or HH).

You'll want to buy one of the on site resorts if your primary purpose in buying DVC is to visit WDW. Otherwise, you may end up frustrated with the difficulty of making reservations when you have to wait until 7 months to do so.

You will need the home resort booking advantage more often than not if you want to stay in a standard view or a guaranteed Boardwalk view at the BWV, or a Grand Villa anywhere. It will also be very helpful if you regularly want to visit in October, November of December or during the weeks before and after Easter, This last is especially true of the smaller WDW DVC resorts - BCV, VWL & to a slightly lesser extent, the BWV.

Best wishes -