Newbie Question DVC Resale

[SarahC97]

Hi All!

OK, so I have a bit of a newbie question, so please be gentle with me! I'm always keeping an eye out for resale contracts. We don't own DVC but have some interest if we could get in at the right price.

Looking over DVC resale contracts, I notice that Vero Beach and Hilton Head are both significantly cheaper than the other DVC locations. I realize why this is, but I'm wondering: Is it a bad strategy to buy points at Vero or HH with the intention of using them at Disney World? I realize we probably wouldn't get our first choice of resort when booking (we mostly go in summer), but if I bought a HH or Vero contract, how difficult would it be to book resorts like OKW or SSR when we want to go 7 months out?

Just looking for a way to stretch my dollar, but if this is a horrible way to go about it, I'd like to know! Is this a terrible idea? I know you're supposed to buy where you want to stay, but $65/point is pretty tempting!

 

[macman123]

The main issue is the booking window. Home resort is always 11 months out. Otherwise, you have to wait until 7 months out.
Depending on the time of year and the accommodation required it can be an issue.
But if, say you want a 1BR during mid January you will probably be ok 7 months out.

 

[DVC Doctor]

buy SSR

avoid HHI and VB as annual dues are high and resale low and harder to sell

 

[Sandisw]

Buying offsite to stay at WDW is a bad idea because you never know what is going to be there at 7 months,

Are you willing to move rooms and resorts because you can’t get a trip for your number of days all at the same place?

Do you travel during the fall or early winter, Yesterday, at 7 months in early December you could not get 4 nights in a studio anywhere on property. I don’t even think anything was there.

MFs are pretty high so your savings upfront will be gone within a few years,

If WDW is your goal, I would start with less points at SSR or OKW.

 

[SarahC97]

Great points, everyone. Thank you!!!

 

[Starport Seven-Five]

On 100 points, the 2020 dues on Vero would be $336 more than SSR. Assuming that gap holds you would cover the difference in purchase price in a little under 11 years.

In the short term it's cheaper but longer term it will very likely cost you more.

 

[SarahC97]

I hadn't even thought about the dues. See? Newbie fail! Thanks everyone for pointing that out.

 

[macman123]

In terms of most economical resort this is worth a read:

https://www.dvcresalemarket.com/blog/best-economical-dvc-resort-to-purchase-spring-2020/

 

[Starport Seven-Five]

In terms of most economical resort this is worth a read:

https://www.dvcresalemarket.com/blog/best-economical-dvc-resort-to-purchase-spring-2020/

I hope too many people don't see that link as it aligns very closely with my own math and I was hoping to sneak into a BLT or Poly contract in the coming year.

 

[macman123]

I hope too many people don't see that link as it aligns very closely with my own math and I was hoping to sneak into a BLT or Poly contract in the coming year.

Oh, sorry..... Im sure its completely wrong away - haha

Ive brought 2 x 200 BLT in the last 2 weeks........

 

[Deb & Bill]

Buy those offsite resorts if you plan to stay at them since they can be hard to book some times during the year. If you want a beach cottage at VB, you need to own there. But if you plan is to use them at WDW resorts, you really want a resort that you can book at 11 months out to guarantee that you have a place at WDW when it comes time for your trip. Then at seven months out, see what else you might book. Pretty much the same goes for California resorts. If your plan is DLR most of the time, you don't want to own at WDW because you may never be able to book GCV at seven months out.

 

[soniam]

I hope too many people don't see that link as it aligns very closely with my own math and I was hoping to sneak into a BLT or Poly contract in the coming year.

Oh yes, BLT is a terrible place to own. Nothing to see here. Go about your business That might be my next purchase, after I finish this first one at BWV. We are renting points at BLT in the fall, so I want to see if I like the studio size first. We would only get studios.

Buy those offsite resorts if you plan to stay at them since they can be hard to book some times during the year. If you want a beach cottage at VB, you need to own there. But if you plan is to use them at WDW resorts, you really want a resort that you can book at 11 months out to guarantee that you have a place at WDW when it comes time for your trip. Then at seven months out, see what else you might book. Pretty much the same goes for California resorts. If your plan is DLR most of the time, you don't want to own at WDW because you may never be able to book GCV at seven months out.

The opposite is true for California though. Owning there could be great for WDW, if 7 months out is OK. I suspect it's incredibly easy to rent out GC points. I wonder when the new one will go onsale.

 

[_auroraborealis_]

I wonder when the new one will go onsale.

They don't have any of the permits for it yet from Anaheim. So at the most optimistic, 2024 or 2025.

 

[Lorana]

They don't have any of the permits for it yet from Anaheim. So at the most optimistic, 2024 or 2025.

There was a recent article stating that the a demolition and construction permit was obtained:
https://**************.net/2020/04/disneyland-hotel-dvc-permit-rwb1/

 

[soniam]

There was a recent article stating that the a demolition and construction permit was obtained:
https://**************.net/2020/04/disneyland-hotel-dvc-permit-rwb1/

That's what I thought too.I bet people will be fighting to get those points.

 

[CastAStone]

That's what I thought too.I bet people will be fighting to get those points.

VGC points are already 30% more expensive than any of the 3 resorts they’re actively selling. The resale price is higher than direct purchase at any resort they’re selling. So I can’t even imagine what they’ll charge for Disneyland Hotel DVC.

 

[soniam]

VGC points are already 30% more expensive than any of the 3 resorts they’re actively selling. The resale price is higher than direct purchase at any resort they’re selling. So I can’t even imagine what they’ll charge for Disneyland Hotel DVC.

Sounds like time for a poll

 

[Lorana]

VGC points are already 30% more expensive than any of the 3 resorts they’re actively selling. The resale price is higher than direct purchase at any resort they’re selling. So I can’t even imagine what they’ll charge for Disneyland Hotel DVC.

I am hoping it will be a reasonable price, as I’d move some DL points.

Of course, I really want GCV, just not at the current prices, lol.

 

[_auroraborealis_]

The permit as issued is mildly misleading, as it does take a council vote to override the zoning code. The permit allows them to prep the site for the build, but isn't approval to build.

Zoning permitting is weird, weird stuff.