Question re: Resale vs. From Disney

[Amy5000]

Hi all. After reading the "Knowing what you know now" thread, I had several questions based on some of the posts:

1. I saw several people mention the great incentives you get from buying directly from Disney. Am I missing something? While you can't get AKV on the resale market... you can get SSR for less than Disney is offering..right?

Granted, the shares I'm buying in SSR have no points until next year (and no dues until next year), but they were at least $9 pp less than the price from Disney for "add-ons." What incentives are you talking about? Does Disney pay closing costs? Throw in passes?

2. I also saw someone say: "Don't buy OKW." This really confused me b/c I was considering buying a small OKW contract if it came on the market with pts. Am I wrong in thinking that if you are not someone who has to be at a specific resort (and I'm one of those people solely b/c I'm not willing to pay for the privilege of knowing I'll be at, for example, BCV), OKW is really a bargain? My rational: it seems like BWV, VWL, and esp. BCV come are at a premium to market (or you can look at it that OKW is at a discount to market) and I understand this is b/c they are smaller resorts, location, theme and/or other factors. But if your interested in the points vs the home court advantage buying in OKW (with its relatively low maintenance) seems like a great idea...? Is it that the resale is more difficult?

Thank you all in advance for answering my questions.

Amy

 

[CarolA]

Why wouldn't you buy OKW? It sells at a lower price and if you want to stay there it's a great deal. (If however, you only want to stay at BC BUY THERE! LOL!) OKW is a great resort and the 1 and 2 bedroom villas are just HUGE (Dramatically bigger then anything else and having walked thru the new VAK, OKW is still MUCH bigger!!!)

The only "great" incentive is the "discount" in place at the time you buy. No other difference so it may still be a much better deal to buy resale.

 

[crisi]

I think OKW resales are the best bargain going - particularly if the extra years doesn't mean much to you. The maintenance fees are low, the resales cost less, the rooms have the cheapest point cost - and they are huge.

We love our BWV because we like to walk back from Epcot, and we like to be able to reserve those Standard View rooms - but I don't think an OKW resale is a bad thing at all.

 

[Buckeye Fan]

For me personally, I love OKW. DH, DS (11), DD (5) and I have stayed there several times. Overall, each resort has something different to offer. I'm one of those folks who doesn't have a strong allegiance to any one resort, as I like them all. Just depends on when we're going, what our plans are and what we're in the mood for that trip! That's what I LOVE, LOVE, LOVE about DVC.

As for OKW, I really like the pool, enjoy the laid back community and if you enjoy exercise, I love running there. You can run on the sidewalks and hit a path behind the South Point bus stop. That trail/golf path takes you over to SSR and by DTD. Just an absolutely beautiful resort IMHO.

Best of luck deciding!

 

[mikeandkarla]

If you are a patient person resale is probably the way to go. The only benefit going through Disney is you can make a ressie the day you give your downpayment. I will tell you a little secret: If you have talked to a Disney rep and gave them your name and info but then decide to buy resale it may be harder because you are now on their radar. What that means is they supposedly check all resale contracts with their database and if the names match they use their ROFR power so that if you really want to be a DVC member you must buy from them. I experienced this first hand this week. I had a contract for a resale @ SSR for $82 point that was ROFR'd and I was told by my agent that is was because I spoke with Disney first. This is only on your original DVC contracts. Add ons would probably not be a problem if your price is not too low.

 

[vandy]

Current benefits that I can think of for buying from Disney are you can make reservations almost immediately, the closing costs are less and you get 2006 use year points for SSR (so an additional years worth of points). If none of that matters, then you may want to try resale. SSR just finished a Friends & Family promotion a month or two ago that provided a good deal at $86/pt. That price plus the foremnetioned benefits could be what some posts were talking about when they said it was better deal buying direct.

As far as OKW, it really is a nice place with bigger rooms. Some other threads show there are very passionate opinions about SSR and OKW due to the size and layout of the resort. It may be that some look at when the contract expires as to why they don't like to buy there. All contracts expire on January 31st but in different years. AKV contracts will expire in 2057, SSR in 2054 and all the others in 2042. Like any other major purchase in our lives, there will undoubtedly be some compromising in our wants to fulfill our needs. Good luck!

 

[DISNEY FIX]

If you are a patient person resale is probably the way to go. The only benefit going through Disney is you can make a ressie the day you give your downpayment. I will tell you a little secret: If you have talked to a Disney rep and gave them your name and info but then decide to buy resale it may be harder because you are now on their radar. What that means is they supposedly check all resale contracts with their database and if the names match they use their ROFR power so that if you really want to be a DVC member you must buy from them. I experienced this first hand this week. I had a contract for a resale @ SSR for $82 point that was ROFR'd and I was told by my agent that is was because I spoke with Disney first. This is only on your original DVC contracts. Add ons would probably not be a problem if your price is not too low.

Hmmmmmmmmm...................................

 

[alldiz]

Hi all. After reading the "Knowing what you know now" thread, I had several questions based on some of the posts:

1. I saw several people mention the great incentives you get from buying directly from Disney. Am I missing something? While you can't get AKV on the resale market... you can get SSR for less than Disney is offering..right?

Granted, the shares I'm buying in SSR have no points until next year (and no dues until next year), but they were at least $9 pp less than the price from Disney for "add-ons." What incentives are you talking about? Does Disney pay closing costs? Throw in passes?

2. I also saw someone say: "Don't buy OKW." This really confused me b/c I was considering buying a small OKW contract if it came on the market with pts. Am I wrong in thinking that if you are not someone who has to be at a specific resort (and I'm one of those people solely b/c I'm not willing to pay for the privilege of knowing I'll be at, for example, BCV), OKW is really a bargain? My rational: it seems like BWV, VWL, and esp. BCV come are at a premium to market (or you can look at it that OKW is at a discount to market) and I understand this is b/c they are smaller resorts, location, theme and/or other factors. But if your interested in the points vs the home court advantage buying in OKW (with its relatively low maintenance) seems like a great idea...? Is it that the resale is more difficult?

Thank you all in advance for answering my questions.

Amy

There WAS a great incentive....They had SSR at 86 per pt...
through....friends and family discount....also lower closing cost
fees....
I bought resale at WL...for 88pt....
Which means I could have bought direct through disney...
at SSR for CHEAPER...and had the extra 12 yrs...
I decided....i wanted WL at holiday time....so that is where i bought...

I havent stayed at OKW....but looking at their point schedule....
that is where i will probably add on....

As far as extra perks.....the only difference buying direct.....
is you can make a ressie immediately....
If waiting a few months for everything to go through is a non issue....
than buying resale....is probably cheaper...
Kerri

 

[Dman67]

If you are a patient person resale is probably the way to go. The only benefit going through Disney is you can make a ressie the day you give your downpayment. I will tell you a little secret: If you have talked to a Disney rep and gave them your name and info but then decide to buy resale it may be harder because you are now on their radar. What that means is they supposedly check all resale contracts with their database and if the names match they use their ROFR power so that if you really want to be a DVC member you must buy from them. I experienced this first hand this week. I had a contract for a resale @ SSR for $82 point that was ROFR'd and I was told by my agent that is was because I spoke with Disney first. This is only on your original DVC contracts. Add ons would probably not be a problem if your price is not too low.

Well this isn't good to hear! We swung by SSR last weekend and checked out the resort and, of course, they needed our name and address in order to see the place so now we're in the system. We've just sent in a resale contract for SSR to TTS. Hopefully this isn't true because we're jonesin' to get a vacation planned for sometime in the fall, hopefully using the points banked in the contract. Keep your fingers crossed for us!!

 

[raff626]

Well this isn't good to hear! We swung by SSR last weekend and checked out the resort and, of course, they needed our name and address in order to see the place so now we're in the system. We've just sent in a resale contract for SSR to TTS. Hopefully this isn't true because we're jonesin' to get a vacation planned for sometime in the fall, hopefully using the points banked in the contract. Keep your fingers crossed for us!!

It's possible Disney might want you to go through them for SSR since they're actively selling it, but I think you have a good chance.

 

[CarolA]

If you are a patient person resale is probably the way to go. The only benefit going through Disney is you can make a ressie the day you give your downpayment. I will tell you a little secret: If you have talked to a Disney rep and gave them your name and info but then decide to buy resale it may be harder because you are now on their radar. What that means is they supposedly check all resale contracts with their database and if the names match they use their ROFR power so that if you really want to be a DVC member you must buy from them. I experienced this first hand this week. I had a contract for a resale @ SSR for $82 point that was ROFR'd and I was told by my agent that is was because I spoke with Disney first. This is only on your original DVC contracts. Add ons would probably not be a problem if your price is not too low.

Not sure I buy this. I spoke with an agent first and bought resale as my first contract and got a great deal. (no problem) I have done two resales sindce then with no problem.

 

[Dis13]

If you are a patient person resale is probably the way to go. The only benefit going through Disney is you can make a ressie the day you give your downpayment. I will tell you a little secret: If you have talked to a Disney rep and gave them your name and info but then decide to buy resale it may be harder because you are now on their radar. What that means is they supposedly check all resale contracts with their database and if the names match they use their ROFR power so that if you really want to be a DVC member you must buy from them. I experienced this first hand this week. I had a contract for a resale @ SSR for $82 point that was ROFR'd and I was told by my agent that is was because I spoke with Disney first. This is only on your original DVC contracts. Add ons would probably not be a problem if your price is not too low.

That is definitely not true. We took the tour at SSR, then came home and purchased an OKW contract via resale. I think the price offered for the contract via resale is what determines (for the most part) whether or not it passes ROFR.

By the way, we are very, very happy with our OKW resale purchase, and if we had to do it again, we'd purchase an OKW contract via resale. So far, OKW is my favorite of the current DVC resorts.

Good luck with your decision!

 

[DISNEY FIX]

If you are a patient person resale is probably the way to go. The only benefit going through Disney is you can make a ressie the day you give your downpayment. I will tell you a little secret: If you have talked to a Disney rep and gave them your name and info but then decide to buy resale it may be harder because you are now on their radar. What that means is they supposedly check all resale contracts with their database and if the names match they use their ROFR power so that if you really want to be a DVC member you must buy from them. I experienced this first hand this week. I had a contract for a resale @ SSR for $82 point that was ROFR'd and I was told by my agent that is was because I spoke with Disney first. This is only on your original DVC contracts. Add ons would probably not be a problem if your price is not too low.

This poster got this info from his agent, who's business it is to know what is going on. Does it happen often? Don't know, does it happen sometimes, possibly. We may never know, unless someone on the inside confirmes it.

 

[Coach81]

God I hope not

 

[JimMIA]

I had a contract for a resale @ SSR for $82 point that was ROFR'd and I was told by my agent that is was because I spoke with Disney first.

I don't think this is true. I'm not sure who you mean by agent -- resale agent or DVC guide -- and either could have their own agenda driving such a statement.

Our experience was almost the opposite of yours. I originally took the tour at SSR and spent about 2 hours talking to my guide. When I returned home, I spent another 2 hours or so talking to her, including discussing resale with her (not all of her resale comments were truthful, BTW ). I also told her that we had decided to purchase resale and had a contract in ROFR. The contract passed, but IF DVC wanted to nix that, they certainly had the opportunity to do so.

We later bought SSR direct when they offered a great deal.

I'd buy whereever the price is better, but be sure you pay enough to pass ROFR. If you don't pass ROFR, nothing else about the deal matters.