recent resale $$

[tjkraz]

Originally posted by mydogdrew
Disney has increased "sold out" resorts to $89 which is now in-line with SSR. If nothing else, this alone supports the "extra years have little value" position.

I don't necessarily agree with that. I think it has more to do with the finances of selling add-on points acquired through the resale market. For every 150 pt contract DVC picks-up via ROFR, they could end up splitting those points into as many as six 25-point contracts. That means they have to close 6 times (at $400 or so) each time. When you add in other administrative costs, there is a good chance that DVC could actually lose money on some add-ons.

Several months ago DVC changed its processes and became less amenable to finding add-ons for members. My guess is that decision was made for two reasons: 1) to emphasize sales at SSR, and 2) because these small add-ons were just not a profitable business segment for DVC.

In the meantime they came to the realization that there still is significant demand for add-ons at the other resorts, and people were turning to the resale market if necessary. The net result is a more user-friendly add-on process, and an increase in costs to help the bottom line.

I firmly believe that SSR will sell at a discount (like OKW) relative to Epcot resorts once it is sold out.

I don't think there's any question of that. But supply-and-demand plays into that as much as any other factor. SSR will be 4x the size of BCV and 5x the size of VWL. Each resort may have 1% of its points in play on the resale market at any given time, but SSR's 1% will be a lot larger than any of the other properties.

 

[AFMom]

I believe what is so difficult with almost all DVC purchases, is that no matter how much research and analysis a person puts into this - there is still not one right answer. Very frustrating for someone like me!
One reason we chose to buy resale for OKW was that the rooms are the largest, the points for a room are the lowest, and the maintenance fees are low! As our home resort - that's where we'll be staying at peak times with out 11 month reservation window - and that's also when the rooms take the most points! So getting a larger room at OKW with less points made a big impact on our choice.
They're also updating the pool!
My personal thought is that buying SSR is like buying a new car - if you get exactly what you want, and may get more years out of it, it may be worth the extra money and the INSTANT depreciation! For us - well - it wasn't worth it!
As far as what to bid - lots of ROFR rumors - if you REALLY want a specific contract, don't bid too low!
Good luck!

 

[DrTomorrow]

Not too sure about that "instant depreciation" at SSR - I bet I could get pretty much what I paid for it a year ago.

 

[AFMom]

Sorry - I meant the instant depreciation on the car! I get a little distracted by my kids while I'm writing and mess up. Anyway - no - it's more just the extra money!

 

[rinkwide]

Originally posted by DrTomorrow
Not too sure about that "instant depreciation" at SSR - I bet I could get pretty much what I paid for it a year ago.

What did you pay back then?

I seem to recall one passing RoFR at $77 a little while back. Now that DVC has upped the buy-back ante my guess is a resale on SSR would go $78 to $84 depending on points available, who pays closing, etc.

 

[DrTomorrow]

$79 per point, it was Sept 2003, still had the $10 discount.

 

[rinkwide]

Excellent value!