Not Sure What To Do

[WolfpackFan]

There is an excellent chance we will actually go ahead and take the plunge and join DVC in the next 6 months. We are going down to WDW in June for a week staying at WL. I plan on going thru the sales presentation again then (we did it last year also). My problem is whether to do resell or not. I am almost thinking I would like to have HH as my home resort. My thinking being that we live only 4-5 hours away from HH and my DW loves the beach. It will be alot easier selling it to her as a beach timeshare than a WDW timeshare. Plus from what I'm hearing HH might be hard to book sometimes when surely with all the other WDW DVC resorts, I could always get a ressie there somewhere. BUT I understand HH is sold out (at least from DVC) but there are plenty of resells right now. It would make it a whole lot easier though to buy directly from DVC and use MB as downpayment and let them finance for me. I would then pay it off over a year's time. Whereas if I go resell, I'll have to come up with the entire amount myself or arrange financing myself. I would hope to have the entire purchase paid off within a year though as it seems to me that DVC membership looses alot of it's worth if you do long-range financing. Anyway, that is where I'm at. If anyone has any words of wisdom (about this ) - I'd love to hear them.

 

[Muushka]

Hi Neighbor

I'll take one part of the question. With interest rates as low as they are today, if you can get a home equity line of credit instead of Disney financing it would be a wise move.

We have a line of credit which we do not owe anything on, but it is great knowing that at any time if we need cash we can tap into our equity.

 

[todsue99]

I do not know about words of wisdom, but I will add some words.

We own at HH and have never had any trouble getting a ressie at Disney. That being said it depends on what kind of room you want and when you go. We have never even seen HH, but it looks great and a lot of people on this board really enjoy it. We do plan on taking some golf trips there some day, but for now it is WDW.

As for the financing, If you own a home take out a home equity or line of credit and pay it off when you can. It is cheaper than Disney and you can deduct the interest on you taxes.

Just my two cents. Good luck and hope to say Welcome Home in June. You can always call right now and use your DVC points for your stay in June...LOL.

 

[Richyams]

Your main restrictions(difficulties) using the seven month window are:

Grand Villas at OKW or BWV
Standard View rooms at BWV
First two weeks of Dec at any WDW DVC resort


Oct-Nov time frame, during the Food and Wine Festival, is a busy DVC time. Expect waitlisting and dissappointments.

If these times or units are of particular interest to you, HH points may be less satisfactory.

 

[ZerasPride]

Hilton Head is our home resort and we love it there! My hubby who is NOT a Disney fan surprised me the other day by saying how much he will miss our annual fall Hilton Head trip this year. We're taking the Disney cruise for our anniversary. He was also pretty much against a DVC purchase until we stayed at Hilton Head on cash first and agreed to a purchase there within the first 24 hours.

We added a few days at OKW in a one bedroom after our Hilton Head trip this past Thanksgiving week. I did have to waitlist for a couple of the days at OKW but they came through by the end of June. I do believe in the board's mantra of buying where you plan to stay most and Hilton Head definitely fits the bill for us. I, however, do love Disney and believe as long as we are flexible in accommodation size, time frame and resort, we should not have too much difficulty staying on-site when the need arises.

Hope to welcome you home soon!