Regret Buying BCV Resale but Love DVC

[molly173]

We love DVC but realized that the 12 extra yrs is more valuable to us than the 11-mo reservation window for BCV. Am thinking of selling BCV and then buying equivalent points in SSR. Thoughts? Anyone know what the current value of a BCV point is? Thank you.

 

[Dean]

We love DVC but realized that the 12 extra yrs is more valuable to us than the 11-mo reservation window for BCV. Am thinking of selling BCV and then buying equivalent points in SSR. Thoughts? Anyone know what the current value of a BCV point is? Thank you.

If you were buying new I'd say go for it, though I don't agree with your thinking for many situations. If you did want to take this route you would likely be better off buying new points as an "add on", maybe even multiple smaller packages, then selling your BCV after that.

 

[pbharris4]

That's a good point, Dean!

 

[LisaS]

We love DVC but realized that the 12 extra yrs is more valuable to us than the 11-mo reservation window for BCV. Am thinking of selling BCV and then buying equivalent points in SSR. Thoughts? Anyone know what the current value of a BCV point is? Thank you.

The extra 12 years don't matter at all until Feb 1, 2042 when your BCV contract expires. Why not wait until then to purchase SSR points. With only 12 years left on the SSR contract at that time, they will probably be pretty cheap.

You own a high-demand resort that you may have trouble booking if you no longer owned there. Why give that up for a benefit that doesn't even come into play for another 36 years? You will also incur some expense in selling your BCV points.

If I were you I would hang on to my BCV points and some time way down the road I would purchase some additional points at SSR (or some other Phase II resort that doesn't yet exist).

 

[vascubaguy]

I'm one of those that prefers the DVC's with lower point accommodations, thus I can get more stays out of my points. So, I can see the justification of trading BCV for SSR, because even if I owned BCV I would probably book ressies at other locations instead.

I would, however, agree that you might be best off buy purchasing add-ons at SSR now and then selling your BCV contract. For instance, if you had 300 BCV points, I would probably buy 3 100pt contracts (assuming they would let me split them up that way and still get the incentive).

For your BCV contract, you are looking at upper 80's (at least). You might be able to get low 90's depending on the number of points and whether it is "loaded" or if you have used some of the current points.

 

[bullpup12564]

It will be close to an even swap. You might even end up paying some. 90-9 =81

 

[Scratch42]

Why not wait, maybe something new in the works and they will have longer contract than SSR?

janet

 

[senecabeach]

I certainly wish I were young enough to be concerned about 12 extra years and have this problem

 

[Canadian Tom]

Hello: I own at both, want to trade your BCV for SSR, I prefer BCV and when 2042 comes around, I'll be almost 100 years old and dead probably 20.

 

[bom_noite]

I was in the same boat a few years back. We actually prefer OKW to our home resort (BCV). I posted something similar and Dean and others cautioned me on the mistake I would be making.

We may end up doing the same thing as you - but - I plan to wait.

It is almost a foregone conclusion that they will be adding a new resort and the guess is it will have to have a expiration equal to or greater to SSR.

The price BCV points have held up well and have escalated quicker then those of the other resorts (supply/demand). This may slow if they did a new resort at Contemporary - but - they still should increase because you have a high demand and small supply.

In the future we plan to add-on at either a new resort or OKW. Then, either rent or sell our BCV points. Until then, I am willing to watch and wait.

 

[Plutofan]

Beach club is in high demand now. If you do not use the 11 month window I would think about selling. At some point the price will go down since the number of years are decreasing each year. The price has been going up over the past years but at some point it will become cheaper to rent than to pay such a high price. No one knows when that time will come. At some point Disney will need to set up a two tier purchase price for buying directly through them. One tier would be for resorts expiring in 2042 and another for resorts expiring in 2054. When that time comes the re-sale prices will probably decrease since Disney lowered the floor. From what I hear there is a long waiting list at Disney for Beach club points. Some people have waited many months if not a lot longer. I would not be surprised if you have time that you may be able to get at least $92 per point which is what Disney is selling it for. The benfit to the buyer would be a better chance at passing ROFR since Disney would not make a profit and by passing the very long wait list. You should contact a broker like the Timeshare store and get their thoughts.

 

[bom_noite]

I would not be surprised if you have time that you may be able to get at least $92 per point which is what Disney is selling it for. QUOTE]

A month ago I was still thinking of selling mine. And, based on the fact that every contract that is out there is gobbled up quickly I planned to offer them initially at either $93 to $95 and see if anyone bit. You can always lower the price.

I also disagree with your assessment that the price will come down. My thought is:

1) Supply is low. Smallest of any DVC.
2) Demand is high due to the proximity to Epcot and the pool (which you cannot pool hop at).

But, I do not think that the number of remaining years affects the price - or at least will not for a long time to come.

Prices will continue to increase because:

1) Price increases for Hotel Rooms in WDW.
2) Continued increases in DVC pricing.

I think the only real risk to BCV prices in the short term is a new DVC property at the Contemporary. Those that want to be buy at BCV may scrap those plans to be on the monorail.

I am not an expert - just my opinion.

 

[LisaS]

We love DVC but realized that the 12 extra yrs is more valuable to us than the 11-mo reservation window for BCV. Am thinking of selling BCV and then buying equivalent points in SSR. Thoughts? Anyone know what the current value of a BCV point is? Thank you.

I'm still confused. The OP states her reason for selling is because she wants the extra 12 years she will get with SSR. That particular benefit makes no difference right now. It only makes a difference in the year 2042 when her BCV contract ends and SSR owners still have 12 more years to go. That's 36 years away and a lot can happen in 36 years. In 2042 the OP will be able to purchase points at SSR at a very good price because there will be only 12 years remaining, and will have 36 years to save up the money for those points. Also by 2042, if DVC is still going strong there will have to be either new resorts built with a longer contract than SSR, or there will be offers to extend ownership end dates in the Phase I resorts so there will be a lot of options appearing along the way, some of which may appeal to the OP more than SSR.

If the OP had said "I don't like BCV and don't plan to stay there much, if at all. I want to stay at SSR and I don't like having to wait for the 7 month window to book there." then I would advise selling BCV and buying SSR. But so far, the OP has stated the reason for selling is "I want 12 more years". If that is the ONLY reason the OP is unhappy and otherwise loves BCV and prefers staying at BCV, it would be a very bad idea to sell BCV. If I read her previous posts correctly, she has owned BCV less than one year and I don't think the points have appreciated enough to cover the broker's commission she will have to pay to sell her contract.

If the OP is ambivalent about staying at BCV and figures she owns a hot property and just wants to get the most money for her points that she can, I think BCV will hold its value for several years to come. Yes, if VCR is announced that will be popular, too but I don't think it will diminish BCV's popularity or affect it's resale price. If the OP sleeps better at night knowing that she can always sell her DVC contract for a good price and wants to own the resort that is easiest to unload, then she is better off keeping her BCV contract for a while yet. There will be a time when BCV's value falls below SSR's due to the remaining years on the contract, but I think that is at least 10 years away.

I think the more important question is, in which resort does the OP plan to stay most of the time? If it's BCV, she should hold on to her BCV contract for obvious reasons. If she has had a change of heart since purchasing BCV and doesn't like it there and has fallen in love with SSR, then she shouldn't have a problem booking SSR whenever she wants to stay there simply due to its size, but she will have to wait until the 7 month window to do it. But I do believe in the "buy where you want to stay" philosophy so if she has fallen in love with SSR, then I would advise buying there to get the 11-month window not because one needs it at SSR but because it's more convenient to be able to make reservations as far in advance as possible. But if she does sell her BCV points now, I think she will lose money on the deal, assuming I'm correct that she purchase the contract less than a year ago.

 

[Plutofan]

The price will go up until Disney lowers its re-sale price which will happen on the older DVC's at some point in time. In my opion there is no way that Disney will not have to set up two tier pricing for sold out resorts purchased from Disney. If you look into the future 10 years can you imagine Disney setting a price of $92 for a resort with 26 years left and have the same $92 apply to it's most recent DVC which has 50 years left?

 

[MrShiny]

Hang tight! As others said, until 2042, it makes no difference! Think of all that can change in 36 years. Why 36 years ago, there wasn't even a Disney World yet! Just some buldoers in some swamp land and orange groves.

I am sure there will be at least one more DVC resort before 2042. WAIT! There could even be a DVC III before then with an even later contract end date.

Revist this issue in 2020, or better yet 2040!

 

[MrShiny]

Hang tight! As others said, until 2042, it makes no difference! Think of all that can change in 36 years. Why 36 years ago, there wasn't even a Disney World yet! Just some buldoers in some swamp land and orange groves.

I am sure there will be at least one more DVC resort before 2042. WAIT! There could even be a DVC III before then with an even later contract end date.

Revist this issue in 2020, or better yet 2040!

 

[molly173]

Thank you all for your thoughtful replies to my post. I appreciate it and have many new issues to consider.

Fyi, we do not love SSR over BCV, rather it's simply the 12 years. We do not like to repeat our stays annually (or bi-annually) at the same resort. When we bought on the BCV resale, I think we were so caught up on how hot everyone said BCV was that we just wanted the best that we could get. We've visited BCV and yes, it's a great pool but for us, that's not a reason to lose 12 years. At some point we will stay at BCV (and we understand that we might not get in at peak season) so it's not as if we can never get the benefit of BCV.

Having said all of that, I think we will ditch the resale for now (no longer feels right after hearing from so many of you!). THANK YOU FOR YOUR HELP

 

[bom_noite]

What would happen to resale prices if tomorrow they announced the resort at the Contemporary? Those would command $100 to $110 a point!

 

[snowbunny]

What would happen to resale prices if tomorrow they announced the resort at the Contemporary? Those would command $100 to $110 a point!

I don't follow that logic...you're saying that if/when CRV is announced, the cost of resale contracts at BCV will go up?

I would think just the opposite. New buyers and current members adding on points will be able to get many more years plus an 11-month window at a brand new monorail resort with a new (hopefully awesome, they're learning) pool. My guess is that the resale market at other resorts will be very stagnant until the new resort is sold out. Comparisons to SSR are futile, CRV would/will be a completely different animal.

 

[DisneyKidds]

As for keeping BCV vs acquiring SSR, I see a lot of merit in sitting tight for a little while. I think the value of BCV and SSR contracts will stay pretty consistent for a pretty good while. Yes, SSR has 12 more years, but BCV has the location and the benefit of smaller size. So, I'd imaging that 5 or 10 years form now similar size BCV and SSR contracts will have pretty similar values. Why not wait and see if something better develops in those 5 to 10 years?

As for the impact the a CRV might have, I'd imagine it would have the effect of generally increasing the value of all DVC contracts. Yes, CRV might attract a lot of buyers initially, but I'd imagine it would also be a relatively small resort. Once the initial rush for CRV has passed, all DVC contracts will be more valuable as they will all have access to a DVC resort on the monorail.