Purchasing Resale in 30s

[mariemorgan]

I'm contemplating my first purchase. I'm in my early to mid 30's. I would really like to purchased beach club but with the early contract date i'd only be still in my 50's when it expired. Which is having me lean toward BLT or OKW w/ Extension.

If it were you would you go with the contract that expires sooner for the place you want or would you go for the contract that gives you 10-20 more years?

 

[mana_liz]

I am in my 30s and single, I am i the process of purchasing jointly with my Mom who's in her late 60s. We went with Saratoga Springs because late expiration date was very appealing.

 

[Minniesgal]

It's had to predict in your 30s what you will want in your 50s. I'd buy the resort I want to stay at and not worry about it. You may well find in your 50s you don't even want to go then you will have spent 20 years going to a resort which isn't what you really wanted for something which isn't even relevant anymore. Live for today

 

[Dean]

I'm contemplating my first purchase. I'm in my early to mid 30's. I would really like to purchased beach club but with the early contract date i'd only be still in my 50's when it expired. Which is having me lean toward BLT or OKW w/ Extension.

If it were you would you go with the contract that expires sooner for the place you want or would you go for the contract that gives you 10-20 more years?

I wouldn't let the RTU expiration drive the wagon. Certainly consider it but more as to the value of the ownership than a make or break issue. Remember that years that are coming up are more valuable than those at the end which have far more risk as well. Those who take the purchase price and simply divide by the remaining years on RTU are making a grave error on evaluating contracts. I would put some value difference between say 2042 & 2054 but little between 2054 and later, esp 6 years or less, all else equal. And for OKW it represents risk in addition to potential benefit more than just owning DVC in general.

 

[Perelandra]

I'm contemplating my first purchase. I'm in my early to mid 30's. I would really like to purchased beach club but with the early contract date i'd only be still in my 50's when it expired. Which is having me lean toward BLT or OKW w/ Extension.

If it were you would you go with the contract that expires sooner for the place you want or would you go for the contract that gives you 10-20 more years?

People will say buy where you want to stay, and that is a factor that should be weighed heavily, but there are others.
What time of year do you travel? If you go in times that have less DVC demand you could probably have lots of choices at the 7 month window.
Yearly dues. SSR and BLT could save you tons of money over the next 20-30 plus years.
Those are just a couple of factors, I'm in my early 40's and a numbers person and when I ran the numbers you can't beat SSR with an expiration date of 2054 and low maintenance dues and with DS expansion it's a nice place to stay as well.

 

[dsnydaddy]

Really depends upon at what point do you forsee yourself selling the contract. If you sell soon then expiration date is irrelevant. (most owners only own their DVC for about 5 years, I've been told) If you've got very young children or have yet to start a family then you can forsee yourself owning for anywhere from 10 years and 20 years before your vacation taste may change. in that case the expiration times become a bit more relevant. In 15 years those resort expiring in 2042 will only have 11 years left on them. I would anticipate that their resale value would be quite a bit lower than what you bought it for. (although you would have had 15 years of reasonably priced vacations to salve that wound) If you are in it for the long haul then the contract is virtually worthless in 2042 but then again you won't be paying maintenance fees in your retirement.

 

[mustinjourney]

buy BCV now -- and then buy SSR or something else after BCV expires if you're still into disney 26 years later.

 

[ziravan]

Buy where you want to stay.

Don't worry about the end date.

We bought BCV and love it. For the next 25 yrs, I can book F&W at the backdoor to EPCOT at 11 months.

We bought at $84. My DW says she wouldn't sell for $150.

 

[Dean]

Really depends upon at what point do you forsee yourself selling the contract. If you sell soon then expiration date is irrelevant. (most owners only own their DVC for about 5 years, I've been told) If you've got very young children or have yet to start a family then you can forsee yourself owning for anywhere from 10 years and 20 years before your vacation taste may change. in that case the expiration times become a bit more relevant. In 15 years those resort expiring in 2042 will only have 11 years left on them. I would anticipate that their resale value would be quite a bit lower than what you bought it for. (although you would have had 15 years of reasonably priced vacations to salve that wound) If you are in it for the long haul then the contract is virtually worthless in 2042 but then again you won't be paying maintenance fees in your retirement.

While some contracts are later sold and one should consider the possibly and exit options, IMO, one should never go in planning to sell later, even in 10-15 years.

 

[Paula Sedley-Burke]

People will say buy where you want to stay, and that is a factor that should be weighed heavily, but there are others.
What time of year do you travel? If you go in times that have less DVC demand you could probably have lots of choices at the 7 month window.
Yearly dues. SSR and BLT could save you tons of money over the next 20-30 plus years.
Those are just a couple of factors, I'm in my early 40's and a numbers person and when I ran the numbers you can't beat SSR with an expiration date of 2054 and low maintenance dues and with DS expansion it's a nice place to stay as well.

Couldn't agree more which is why we have 3 contracts at SSR now!

 

[disneynutz]

What's more important staying at your favorite resort or staying at another resort with a longer contract? IMO playing the waitlist, hoping that there is availability at 7 months game isn't worth it.

Just a few years ago booking at BCV at 7 wasn't a real issue, today it is. Who knows what will change in the next few years, do you feel lucky?

Bill

 

[Perelandra]

What's more important staying at your favorite resort or staying at another resort with a longer contract? IMO playing the waitlist, hoping that there is availability at 7 months game isn't worth it.

Just a few years ago booking at BCV at 7 wasn't a real issue, today it is. Who knows what will change in the next few years, do you feel lucky?

Bill

That is a very good point, but a possible counterpoint would be that one could easily find themselves tired of their home resort in about 5 years and find themselves in the same position of trying to book in 7 month window, but having paid more up front, more yearly maintenance dues, and having an expiration date 12 years sooner.

 

[CarolMN]

That is a very good point, but a possible counterpoint would be that one could easily find themselves tired of their home resort in about 5 years and find themselves in the same position of trying to book in 7 month window, but having paid more up front, more yearly maintenance dues, and having an expiration date 12 years sooner.

Also a good point.

However, at this time, BCV points are much easier to rent and command more $$ per point than SSR does. That's likely to continue. IMO, that means it would be relatively easy to rent out my BCV points for an 11 month reservation and then use the proceeds to book (rent) elsewhere before the 7 month window opens. And that's assuming I get tired of staying at BCV for Food & Wine or tired of SAB.

Personally, I agree with Bill - I want to stay mostly at the BWV (where we own) and I don't want to stress over booking it for the times I want to go. If I'm "stuck" somewhere I don't want to be, I won't care that I bought a less expensive resort & saved some money. YMMV.

 

[Perelandra]

Also a good point.

However, at this time, BCV points are much easier to rent and command more $$ per point than SSR does. That's likely to continue. IMO, that means it would be relatively easy to rent out my BCV points for an 11 month reservation and then use the proceeds to book (rent) elsewhere before the 7 month window opens. And that's assuming I get tired of staying at BCV for Food & Wine or tired of SAB.

Personally, I agree with Bill - I want to stay mostly at the BWV (where we own) and I don't want to stress over booking it for the times I want to go. If I'm "stuck" somewhere I don't want to be, I won't care that I bought a less expensive resort & saved some money. YMMV.

All good points , and there are just so many factors that I would recommend anyone considering purchasing that they should weigh them all and decide what is most important to them. There is no simple correct answer.

 

[McCrae]

I own at BLT.... I will be delighted if I am still here when the contract expires!

 

[MinnieB]

There are some scenarios where the shorter contract term could be seen as a benefit. Many have noted that the annual fees are a significant part of the cost, and those will go up at unknown rates. Knowing that they have a closer end date could be reassuring to those that are highly risk averse.

 

[mariemorgan]

Thanks everyone. Much to think about!!

 

[ziravan]

I would be more specific and say "buy where you want to stay --- IF it's a near park resort (BCV, BWV, BLT, Poly, VGF, VGC)".

As DVC grows, so does demand at near park resorts at 7 months.

That trend has grown tremendously during the past few years and will continue to grow at a fast pace over the next several.

The other trend that's putting tremendous strain on the 7 month window is the trend to book from F&W to Jan marathon. The 7 month window for that time is being stressed everywhere.

Until/unless DVC reallocates Fall, and possibly even if it does, the Fall booking trend exacerbates 7 month booking during that time.

IF you plan on depending upon the 7 month window for near park or Fall, don't. Otherwise, maybe.

3 major buying philosophies:

Buy where you want to stay. (My philosophy and why I bought BCV and Poly).

Buy where you don't mind staying (7 month is a bonus - if this were my philosophy I'd have bought AKV).

Buy cheapest combo of price, MF, and length of contract. (SSR - I'm just happy to be here).

 

[mana_liz]

While the extended expiration date was a draw for our decision to buy SSR, so was the price. We needed 150 points to go for usual 11 days. While we would have loved BCV or BWV, we would have needed more points at a higher price per point to do that and that was not in our budget. We are quite happy to book at SSR each year and try at 7 months to stay somewhere else, if we can't oh well at least we are at Disney.

 

[Dean]

That is a very good point, but a possible counterpoint would be that one could easily find themselves tired of their home resort in about 5 years and find themselves in the same position of trying to book in 7 month window, but having paid more up front, more yearly maintenance dues, and having an expiration date 12 years sooner.

The reality is that most who buy in without significant Disney/DVC experience going in really don't know what their preferences will be. IMO, for this group (most new buyers) this makes buying retail because they THINK they want VGF or Poly (as examples) a poor choice for anything that's of significant size say over 75 points as an arbitrary cut off. I'd rather them buy SSR and hate it than Poly and use the points mostly at 7 months out, the difference can be quite the $$$.

All good points , and there are just so many factors that I would recommend anyone considering purchasing that they should weigh them all and decide what is most important to them. There is no simple correct answer.

Plus I'd suggest they spend enough time and investigation to get past much of the emotions. IMO it takes around 6 months of ACTIVE investigation to get to that point.

3 major buying philosophies:

Buy where you want to stay. (My philosophy and why I bought BCV and Poly).

Buy where you don't mind staying (7 month is a bonus - if this were my philosophy I'd have bought AKV).

Buy cheapest combo of price, MF, and length of contract. (SSR - I'm just happy to be here).

For many, the second and third choices are the same, they are certainly very close in all situations.