Resale is "undesirable"?

[ScubaCat]

I've been eyeing a BCV add-on but I'm not willing to pay that much of a premium. It'll probably hover there for a while though. It's still pretty popular, and will only be more so as Hollywood Studios gets new Star Wars attractions. It would take some additional DVC development in the epcot area to soften those resale prices, at least in the near future.

 

[JWigs]

We recently purchased 2 DVC in resale (one at BLT and one at GC). We have stayed at GC in a 1 bedroom suite (hotel side) and deluxe studio at BLT thru DVC rental.

We didn't have any issues with ROF but we did have an issue with closing GC due to the escrow company (basically delayed our closing by 4 weeks and we had to pay the annual dues in full before disney would give us our points).

Outside of that, the transaction was great and we actually got a surprise and GC contract was super loaded. Seller didn't tell us we had all of 2015, 2016 "and" banked in 2014 points. We had an excess and had to rent out some points before the 2014 points expired.

Most of the brokers are legit and I think as long as you're not trying to get a offer that's super low disney will usually approve the sale. Good luck!

 

[bumbershoot]

Well that explanation makes even less sense (not on your part...on the part of the agent!) than what I had thought.

so the only deals that actually go through on resale are the points that Disney does not want.

So the points Joe has, where someone is offering $80, are desirable, but the points that Mary has, where someone is offering $85, are not, even if Mary and Joe both have 160 points at BCV? He's not even thinking about what he's saying.

It's not desirable because Disney can buy Joe's back for cheaper than Mary's. It has nothing to do with ANYTHING else.

In either case, they are buying those points because they know they can sell them for WAY more, and they'll get more profit from Joe's situation.

usually the resale memberships will be stripped out and have no points for the next couple of Use Years

And the buyer will pay less. But having looked at resale listings every so often, it's just not true.

also it may be a contract that has gone into foreclosure or has a lien on it

That's just silly on the part of the agent. Nothing is going to get sold with those issues; the issue will be caught and taken care of in some way.

"The negative side is that many of the memberships have 50% less life in them as little as 25 years left"

This is really fresh considering Disney sells those contracts direct too, at a huge markup, after taking them back through ROFR.

Oh gracious, that's a GREAT point!

If I buy the second DVC that was created, there's a lot fewer years left on that as at Poly, but they are selling them for nearly the same price point.

TRUE...BUT a classic example of a timeshare salesman citing a benefit of resale as a disadvantage to cloud the issue. Using DVC points for those two collections is almost universally a terrible waste of points.

Yes.

 

[gdrj]

"The negative side is that many of the memberships have 50% less life in them as little as 25 years left"

This is really fresh considering Disney sells those contracts direct too, at a huge markup, after taking them back through ROFR.

It is true that DVC is selling them, but it is also true about the life of the membership being an issue for some people.. We did buy direct at Poly (2nd contract) due to the end date vs. buying additional points resale at BWV (1st contract).

 

[Dean]

DH and I are considering buying into DVC. We looked into it about 5 years ago and decided against it but are now considering it again. We have 3 children and are most interested in the Poly studios. It is our understanding that the only studios that sleep 5 are Poly, Grand Floridian, and Wilderness Lodge. For any of the other resorts, we would need at least a 1 bedroom (2 bedroom at some places) in order to accommodate 5.

Anyway, I know the resale market for Poly is limited but we are looking into it. An agent just told us that all resale memberships are units that Disney has chosen not to buy back for a specific reason. She said that Disney has been more proactive about buying back points and that Disney has first right of refusal so anything on the resale market is because Disney did not want them for some reason.

Thoughts on this?

If you're set on the Poly almost every trip then you may need to pony up to spend the extra cost and buy there, if so, resale won't save you enough to fool with in all likelihood. If you do, make sure to buy a fixed week (s). Are you most interested because it's the Poly or because the studios sleep 5 (or a combo). IMO there are no studios that will be a long term solution for 5 people and the Poly doesn't have 1 BR though it may or may not in the future. I also tend to believe that it will be pretty available at the 7 month window for LV though maybe not for standard.

 

[beffiegirl]

I have been doing some research on buying resale. I'm trying to find out exactly what you don't get with a resale. I heard different things. I want to be 100% sure before putting in an offer. I won't use the points for a cruise for example, since it's not a value that way. I just want to use them on villas in the DW or DL, or Aulani. I'm I safe. Plus I find there is not many resales for April use year. Thanks for any help.

 

[3littlecuties]

If you're set on the Poly almost every trip then you may need to pony up to spend the extra cost and buy there, if so, resale won't save you enough to fool with in all likelihood. If you do, make sure to buy a fixed week (s). Are you most interested because it's the Poly or because the studios sleep 5 (or a combo). IMO there are no studios that will be a long term solution for 5 people and the Poly doesn't have 1 BR though it may or may not in the future. I also tend to believe that it will be pretty available at the 7 month window for LV though maybe not for standard.

We are most interested because it's the Poly and because it sleeps 5. We are a bit worried though that we may outgrow that studio at some point but we also are unsure about essentially paying double to stay in a 1 bedroom somewhere else. We like the Poly because of it's location on the monorail. Direct access to MK and we can walk the path over to TTC and direct monorail to Epcot. MK and Epcot are our 2 favorite parks. We also like the "feel" of the Poly resort and the pool there and being able to watch the fireworks from the beach. Our middle child (DD, 7) has Down syndrome and still needs a stroller at the parks and likely will for years to come so the access that the monorail provides us is very appealing.

We are considering though whether it would be better to buy somewhere else that is cheaper (since we probably won't find Poly resale) and then use it for Poly at the 7 month mark. Anyone have thoughts on how likely we would be to get a room there at that point? We think VWL look appealing but we have never stayed there. We've only stopped at the resort and walked around.

 

[msjprincess]

We are most interested because it's the Poly and because it sleeps 5. We are a bit worried though that we may outgrow that studio at some point but we also are unsure about essentially paying double to stay in a 1 bedroom somewhere else. We like the Poly because of it's location on the monorail. Direct access to MK and we can walk the path over to TTC and direct monorail to Epcot. MK and Epcot are our 2 favorite parks. We also like the "feel" of the Poly resort and the pool there and being able to watch the fireworks from the beach. Our middle child (DD, 7) has Down syndrome and still needs a stroller at the parks and likely will for years to come so the access that the monorail provides us is very appealing.

We are considering though whether it would be better to buy somewhere else that is cheaper (since we probably won't find Poly resale) and then use it for Poly at the 7 month mark. Anyone have thoughts on how likely we would be to get a room there at that point? We think VWL look appealing but we have never stayed there. We've only stopped at the resort and walked around.

As of right now it's pretty easy to get a Poly studio at 7 months most of the year. But of course things can change.

I like the Poly but our kids are getting older now so a studio is a bit cramped. We own at SSR. Our plan for the next trip is to do a split stay and stay at the POLY for a few days before moving to a 1 bedroom somewhere else. Actually we may even move to a 2 bedroom Standard room at SSR since it's actually less points then some 1 bedrooms.

 

[ScubaCat]

You could always rent and try VWL once to see if you like it. I'm a big believer in being 110% sure before making a large purchase like this. Whether you buy now or a year from now will not make a huge difference compared to buying where you really want to stay for the next 20+ years. I firmly believe, especially given the ever-growing DVC membership pool, that you should buy where you want to stay the majority of the time. Even if your preferred resort generally has availability at the 7 month mark, you'll often have limited dates and options. And it's nice to be have first crack at what you really want, too.

Poly being studio-only is definitely worth consideration. However, if you really like the resort and want to be on the monorail, that may be the deciding factor. Remember, though - one bedrooms also have a full kitchen and laundry, an extra TV and couch separate from the bedroom, and generally have a lot more room to move around. The studios can feel cramped with more than 2 people. Having a washer and dryer in your unit can be VERY convenient.

There is normally some resale available, but the savings may or not be worth the hassle. You'd have to price it out and see.

 

[Dean]

We are most interested because it's the Poly and because it sleeps 5. We are a bit worried though that we may outgrow that studio at some point but we also are unsure about essentially paying double to stay in a 1 bedroom somewhere else. We like the Poly because of it's location on the monorail. Direct access to MK and we can walk the path over to TTC and direct monorail to Epcot. MK and Epcot are our 2 favorite parks. We also like the "feel" of the Poly resort and the pool there and being able to watch the fireworks from the beach. Our middle child (DD, 7) has Down syndrome and still needs a stroller at the parks and likely will for years to come so the access that the monorail provides us is very appealing.

We are considering though whether it would be better to buy somewhere else that is cheaper (since we probably won't find Poly resale) and then use it for Poly at the 7 month mark. Anyone have thoughts on how likely we would be to get a room there at that point? We think VWL look appealing but we have never stayed there. We've only stopped at the resort and walked around.

Obviously you'll have to see how the variables weigh out for you. All we can do is try to look at this as we would do or we feel most would in this situation and make sure you understand what you are and are not getting. If the sleeping capacity at a cheaper price is the most important, you'd effectively be paying double to own there IMO. I doubt it'll ever be important to own there for a LV studio and the savings on a standard are sufficient to cause that to be a good choice to own there IMO. You would have no growth or alternatives that were workable (move to a bungalow?) other than getting 2 studios and hoping they were connecting or owning at the Poly and staying elsewhere. If I were set on the Monorail, I'd buy BLT resale. It should be in the same ballpark cost long term even comparing a 1 BR at BLT to a studio at Poly retail and you have a ton of more options. And it would have a much better underlying value. Or I'd look for VGF resale, likely not cheaper but better IMO. Or to get close, VWL resale. You're cheapest option and the best for many in this situation, is SSR enough for a 1 BR every time then you could use for studios at Poly or similar. That would still give you more points and likely cheaper long term. But there are other options like AKV for value or BWV for standard.

 

[bwvBound]

We think VWL look appealing but we have never stayed there. We've only stopped at the resort and walked around.

FWIW, VWL is one those resorts with earliest expiration (2042).

 

[KAT4DISNEY]

I have been doing some research on buying resale. I'm trying to find out exactly what you don't get with a resale. I heard different things. I want to be 100% sure before putting in an offer. I won't use the points for a cruise for example, since it's not a value that way. I just want to use them on villas in the DW or DL, or Aulani. I'm I safe. Plus I find there is not many resales for April use year. Thanks for any help.

If you buy resale today you will not be able to trade into the Disney collection which includes The Disney hotel side, Adventures by Disney or Disney cruise line. You also cannot trade into the Concierge collection. But you do still have a trade option of the world's collection which includes RCI and the Buena Vista trading company. The only other restriction is that you will not be able to go on the member cruise either with points or paying cash but that is even more expensive than a normal cruise. You'll still receive all discounts and other perks and can stay at any DVC locations and that includes Hawaii, Vero Beach and Hilton Head.

Other than OKW DVC did not evenly spread out units across the UYs. Apr will be more available at some locations vs others. For example, BLT was originally very heavy on Feb Uy's. VGC -June. AKV-Dec. However all resorts had sales in all the UYs. But when your looking it can seem like the one you want doesn't have much available.

 

[3littlecuties]

Obviously you'll have to see how the variables weigh out for you. All we can do is try to look at this as we would do or we feel most would in this situation and make sure you understand what you are and are not getting. If the sleeping capacity at a cheaper price is the most important, you'd effectively be paying double to own there IMO. I doubt it'll ever be important to own there for a LV studio and the savings on a standard are sufficient to cause that to be a good choice to own there IMO. You would have no growth or alternatives that were workable (move to a bungalow?) other than getting 2 studios and hoping they were connecting or owning at the Poly and staying elsewhere. If I were set on the Monorail, I'd buy BLT resale. It should be in the same ballpark cost long term even comparing a 1 BR at BLT to a studio at Poly retail and you have a ton of more options. And it would have a much better underlying value. Or I'd look for VGF resale, likely not cheaper but better IMO. Or to get close, VWL resale. You're cheapest option and the best for many in this situation, is SSR enough for a 1 BR every time then you could use for studios at Poly or similar. That would still give you more points and likely cheaper long term. But there are other options like AKV for value or BWV for standard.

The book that I have says that a 1 bedroom at BLT is 268 points during magic season (when we are most likely to go) and a standard studio at Poly is 169 points. So it seems like a big jump to go to a 1 bedroom at BLT. But would the cheaper purchase price make that difference less? (I'm still learning and it seems like there are a lot of moving variables to compare!)

 

[msjprincess]

The book that I have says that a 1 bedroom at BLT is 268 points during magic season (when we are most likely to go) and a standard studio at Poly is 169 points. So it seems like a big jump to go to a 1 bedroom at BLT. But would the cheaper purchase price make that difference less? (I'm still learning and it seems like there are a lot of moving variables to compare!)

You can probably buy 250 BLT points on the resale market for just about the same price as buying 175 Poly points direct.

 

[ScubaCat]

You can probably buy 250 BLT points on the resale market for just about the same price as buying 175 Poly points direct.

Exactly, and that's just an average. You could possibly do a little better, even.

It is absolutely true that your buying DVC via resale is undesirable ........... for the DVC salesperson!

 

[Jeff Z]

Can someone help me understand the difference between a "loaded" and "unloaded" DVC? i have been shopping around an noticed i could purchase a boardwalk for roughly 80-90 points. We enjoy staying there because of jelly rolls and quick and convenient transportation to 2 parks. Any suggestions? or comments?

 

[msjprincess]

And if Poly is available at 7 months you can use your BLT points and stay for 10 or 11 nights instead of 7.

 

[rer1972]

We are most interested because it's the Poly and because it sleeps 5. We are a bit worried though that we may outgrow that studio at some point but we also are unsure about essentially paying double to stay in a 1 bedroom somewhere else. We like the Poly because of it's location on the monorail. Direct access to MK and we can walk the path over to TTC and direct monorail to Epcot. MK and Epcot are our 2 favorite parks. We also like the "feel" of the Poly resort and the pool there and being able to watch the fireworks from the beach. Our middle child (DD, 7) has Down syndrome and still needs a stroller at the parks and likely will for years to come so the access that the monorail provides us is very appealing.

We are considering though whether it would be better to buy somewhere else that is cheaper (since we probably won't find Poly resale) and then use it for Poly at the 7 month mark. Anyone have thoughts on how likely we would be to get a room there at that point? We think VWL look appealing but we have never stayed there. We've only stopped at the resort and walked around.

I would recommend sticking with what you already love, over trying to buy cheaper. It would be rough regretting that you bought something other than Poly, after you've already sunk you money into a different DVC resort purchase.

 

[3littlecuties]

You can probably buy 250 BLT points on the resale market for just about the same price as buying 175 Poly points direct.

Is there somewhere that I can easily find "average" cost per point for each of the resorts resale? I know that I can look at the listings and see each one but can someone give me an idea of the averages? I know it will be affected by whether the points are loaded or stripped but just wanted to find an average. Very interesting to know that we could potentially get a 1 bedroom at BLT for same price as studio at Poly. Definitely makes me wonder if we should explore BLT more.

 

[rer1972]

Can someone help me understand the difference between a "loaded" and "unloaded" DVC? i have been shopping around an noticed i could purchase a boardwalk for roughly 80-90 points. We enjoy staying there because of jelly rolls and quick and convenient transportation to 2 parks. Any suggestions? or comments?

Loaded: The contract has points available from a previous use year (banked), and the current use year points.

Unloaded: The contract has no points available from previous, current, and very possibly even the coming use year (to borrow) points.

So, if you were to purchase an unloaded contract, you would likely have to wait a full use year to be able to use points to plan a vacation.