Questions about resale

[DizznyChick]

If I make an offer now and it's accepted, I would pay the dues for 2015 even if there are no points left. Is this right?

I'm thinking I should wait til after Jan to start the process. But now I'm wondering if every other potential buyer is planning that. I really don't want to get into a back and forth bidding.

Also, the buy where you want to stay. I'm up in the air about it. My schedule is very flexible and I don't have to stay at a certain resort. I want to buy at bwv but ssr is a much longer contract. I'm not planning on bwv for f&w. I figure once in awhile I'll get lucky and stay there, but if not then that's ok too.
Any thoughts or advice?

 

[msjprincess]

When you make an offer part of the negotiation is whether or not the seller or buyer will be paying this year and next year's dues. I wouldn't reimburse the seller for 2015 dues if there aren't any points left. I just bought an OKW resale. It only had 1/2 of the points for 2015, the seller paid the dues.

In your circumstances I would go with SSR. If you're flexible and not planning on F&WF you should be able to stay at BWV once in awhile. Like you said SSR is longer, cheaper per point and lower annual dues.

 

[DizznyChick]

Thank you

 

[pmaurer74]

I did not have to pay MFs on my 2015 points. There are sometimes contracts that come up in the later part of the year where the seller has already paid the MFs so it is a more appealing contract. We paid a few dollars more but saved $1200 on MFs and getting a free 11 days trip this summer! I would make sure if there are no points that you are not paying the MFs for those. I just got 2 rooms at Boardwalk at the 7 month window no problem. I could not get standard or boardwalk view but there was plenty of garden view rooms. If you do not care where you stay then AK or SSR may be your best bet. SSR has lower MFs though I think then AK.

 

[pinklotusflower]

if you don't mind staying at SSR then I'd buy there, I bought at BWV as that is where we want to stay most of the time & think availability will get more difficult when Star Wars land opens.
The contract is negotiable, price per point & who pays the fees, if there's no points for the year you would not normally pay MF's.

 

[limabeanmom2003]

I have never stayed at SSR, but now that I am thinking of purchasing resale I've research the resort and think it is lovely. It seems to offer so much more than other DVC resorts and it's cheaper!

 

[Dean]

If I make an offer now and it's accepted, I would pay the dues for 2015 even if there are no points left. Is this right?

I'm thinking I should wait til after Jan to start the process. But now I'm wondering if every other potential buyer is planning that. I really don't want to get into a back and forth bidding.

Also, the buy where you want to stay. I'm up in the air about it. My schedule is very flexible and I don't have to stay at a certain resort. I want to buy at bwv but ssr is a much longer contract. I'm not planning on bwv for f&w. I figure once in awhile I'll get lucky and stay there, but if not then that's ok too.
Any thoughts or advice?

Dues are paid on a calendar year basis, not UY. Thus the neutral position is you pay for the rest of the months remains for that UY that you get full and usable points or a lower prorated amount. For example, if you bought a Dec UY and didn't get points until Dec, 2016 but got all points for then and going forward, the neutral reimbursement would be you paid 1 month of dues and then paid the remainder in Jan 2017 when due. In that same example, if you paid the full 2016 dues OR you only got part of the points, you'd be paying double for the dues on those points when they bill came due Jan, 2017. The "you get the points you pay the dues" that the resale companies suggest is simply wrong and suggests they don't truly understand the system or how the dues are paid calculated. Further, I would avoid paying dues on any points that are limited and pay little for banked or borrowed points even if they have a fair amount of time left. That said, that's the way most of them operate and what they'll tell the sellers so you just have to realize that you're overpaying in that area and look at the big picture for how much you're saving (or not saving).

I have never stayed at SSR, but now that I am thinking of purchasing resale I've research the resort and think it is lovely. It seems to offer so much more than other DVC resorts and it's cheaper!

IMO it's the best value $$$ wise and it's a nice resort. But it's not for everyone. IMO anyone owning there can stay at other resorts over time with effort including VGF as long as they plan, put the effort in and use the wait list.

 

[jillmc40]

I just purchased resale and I am only paying 2016 dues, but there are 2014 and 2015 points available to me.

 

[satman1962]

Dues are paid on a calendar year basis, not UY. Thus the neutral position is you pay for the rest of the months remains for that UY that you get full and usable points or a lower prorated amount. For example, if you bought a Dec UY and didn't get points until Dec, 2016 but got all points for then and going forward, the neutral reimbursement would be you paid 1 month of dues and then paid the remainder in Jan 2017 when due. In that same example, if you paid the full 2016 dues OR you only got part of the points, you'd be paying double for the dues on those points when they bill came due Jan, 2017. The "you get the points you pay the dues" that the resale companies suggest is simply wrong and suggests they don't truly understand the system or how the dues are paid calculated. Further, I would avoid paying dues on any points that are limited and pay little for banked or borrowed points even if they have a fair amount of time left. That said, that's the way most of them operate and what they'll tell the sellers so you just have to realize that you're overpaying in that area and look at the big picture for how much you're saving (or not saving).

Dean, are you suggesting resale contracts with full points available in 2016 (and none in 2015) that the buyer should only offer to pay the 2016 dues based on the use year month? Say for example an April use year, offer 9 months of 2016 dues (for April - Dec 2016), or December use year, offer only 1 months of 2016 dues? Seems to suggest the buyers should only look for UY's in the early months so as not to lose out. Wouldn't Disney charge full 2016 dues if I bought a Dec use year at this point?

 

[Dean]

Dean, are you suggesting resale contracts with full points available in 2016 (and none in 2015) that the buyer should only offer to pay the 2016 dues based on the use year month? Say for example an April use year, offer 9 months of 2016 dues (for April - Dec 2016), or December use year, offer only 1 months of 2016 dues? Seems to suggest the buyers should only look for UY's in the early months so as not to lose out. Wouldn't Disney charge full 2016 dues if I bought a Dec use year at this point?

I'm simply pointing out how dues are billed and the neutral position to know where you stand and what you are and are not getting. And that often one OVERPAYS on the dues resale. They charge dues on a calendar year basis, not a UY basis. So in my example, if you bought the contract with Dec UY and only 2016 point, you'd only pay one month of dues with closing or in Jan 2016 and then Jan 2017 dues when they came due you'd pay dues then which would cover 11 months of the 2016 points. Yes, for April, the Jan 2016 dues cover 3 months of the 2015 points and 9 months of the 2016 points. Waiting and losing time to use the points and possibly losing banked/borrowed points has value as well so one has to look at the overall situation. Just look at the overall situation and decide, it's an uphill battle to fight the brokers on this one but you can always negotiate the terms anyway you like the the seller and buyer agree to.

 

[disneyfan314]

I'm currently waiting on ROFR, and my contract is to pay 2016 dues only even though I am getting 2015 banked points.

 

[Dean]

I'm currently waiting on ROFR, and my contract is to pay 2016 dues only even though I am getting 2015 banked points.

This is pretty common and one of the reasons that a loaded contract is a better deal than a stripped or in between contract as the price is usually higher but not s much as the points difference. It's usually not that difficult to find a contract that would have some banked 2014 points plus the 2015 & 2016 though in that case there's a good chance you'll pay more dues and/or a higher price.

 

[DizznyChick]

if you don't mind staying at SSR then I'd buy there, I bought at BWV as that is where we want to stay most of the time & think availability will get more difficult when Star Wars land opens.
The contract is negotiable, price per point & who pays the fees, if there's no points for the year you would not normally pay MF's.

I was thinking the same thing about Star Wars land