My thought was if the new portion is part of the same association that the market price would go upwhat more info do you need....selling should not be about what comes next, it becomes WHY do you want or need to sell. The market is red hot now for Poly and prices will soften (drop in price) if there is a recession as more sellers will hit the market
I doubt the market price will not go up. Nobody is going to pay $170 resale when they can get it from Disney for $185.My thought was if the new portion is part of the same association that the market price would go up
My thought was if the new portion is part of the same association that the market price would go up
Maybe, but I think it’s more likely that the new tower will not be part of the same association, in which case Poly1 resale will go down. I’d sell now and get out while the getting‘s good!My thought was if the new portion is part of the same association that the market price would go up
We haven’t owned long. About a year. Right after we closed, my husband got a promotion and now we’re only 45 minutes from Disney and his schedule is less predictable to be able to plan out far in advance. We also found that we love riviera and since we’re resale we can’t book there. I’d rather sell now and just rent points for last minute stays I think.You are free to do what you think best, but LOTS of people have failed to time the market and if the selling price TODAY is acceptable to you, and for most people, that means they can sell for more then they paid, then that is generally the best situation.
Just look at history and you can easily see that the market is HOT for sellers right now and it was mega cold back in 2008-2012 where the prices dropped like a rock and SSR was going for $50pp.
Assuming there is some particular reason you want to sell (perhaps you can disclose that here), it is better to grab your $$$ now, than wait for the price to go up or even down in the future.
You aren't thinking this through. You won't be able to rent points for last minute stays.We haven’t owned long. About a year. Right after we closed, my husband got a promotion and now we’re only 45 minutes from Disney and his schedule is less predictable to be able to plan out far in advance. We also found that we love riviera and since we’re resale we can’t book there. I’d rather sell now and just rent points for last minute stays I think.
I mean rent last minute reservations, not points.You aren't thinking this through. You won't be able to rent points for last minute stays.
This all depends on why you are selling. If you need the money now, then sell now.I’m a Poly owner and have been considering selling. Would you sell now or wait until more info comes about Poly2?
The issue is thinking you can rent last minute points. Even in a recession, it wasn't that easy, particularly if you wanted to stay in a certain place.
Thank you, that’s very helpful!This all depends on why you are selling. If you need the money now, then sell now.
We have been watching the Poly for months. We might buy there. IMO, in about 12 months, this has quickly switched from a seller's market to a buyer's market. Resale inventories are growing at most resorts. Most listings at "market price" simply are not selling.
Interest rates are up and there's growing concerns of a major recession. After the 2008 recession, DVC resale prices plummeted.
According to DVC Resale Market, prices peaked last summer and have started to retreat:
View attachment 671013
When VGF2 was first offered for sale at $207, VGF resale prices (green line) fell:
View attachment 671014
Signs are pointing towards a weaker resale market.
If you need the money, then sell now. If you don't, then rent the points at $20/point and wait a few years.
Well, that's your answer.I’d rather sell now and just rent points for last minute stays I think.
My thought was if the new portion is part of the same association that the market price would go up
You’re not going to get 150 points for $185 a point.I doubt the market price will not go up. Nobody is going to pay $170 resale when they can get it from Disney for $185.
Who said anything about 150 points?You’re not going to get 150 points for $185 a point.
I’m a Poly owner and have been considering selling. Would you sell now or wait until more info comes about Poly2?