Resale or WDW???

[melgrek]

We want to purchase, but are afraid to. Should we try to buy a resale or go thru WDW? Do you talk the resales down in price? Does WDW come down in price besides the current offer of a $5 discount? How are people @ A Timeshare to work with? Any help would be greatly appreciated. Thank you.

 

[Pluto4President]

Resales are sometimes negotiable. Disney won't go any lower than the current incentive. PLus going up in June.

The Timeshare store is great, I dealt with Shontel.

As for resale vs. DVC - it really dpends upon where you want your home reosrt to be. With the current incentive, you need a really good resale to make it worth your while.

 

[drusba]

Resales are not much more of a hassle than going through Disney. And once the resale is closed you ar treated just like any other DVC member. The Timeshare Store, dvc-resales.com, and A Timeshare, atimeshare.com, are the two most mentioned resale brokers on this board and the mentions of them on the board have been generally favorable. (Have dealt with both and had no problem).

With Disney ,you pay the price offered with any current incentives and Disney refuses to negotiate otherwise. Disney's price includes closing costs (about $450 to $500 regardless of how many points you purchase); with resales the buyer pays closing costs unless negotiated otherwise. Also, Disney usually has favorable loan rates (higher than home equity and regular home rates but lower than typical timeshare rates).

You should buy at the resort you plan to stay most because the 11 month ressie window at home resort versus 7 months at others makes a difference--it can be difficult at many times of year to get what you want at 7 months out but easy when doing it 10 to 11 months out at home resort.

If you want OKW, BWV, or now VWL as a new purchaser, you need to go resale because Disney has sold out. BCV, HH, and VB are still avaialble throough Disney.

Resale is definitely something to consider if you are going to pay cash. Price is negotiable. If you have to finance then you need to do a bit of math to make sure your price is fair. For example, if you need to take a loan for a resale that is three points above what Disney is offering on loans, then paying $62 a point may not actually be cheaper than paying Disney $70 (with the current $5 incentive off the regular $75 price per point) because your higher loan rate makes the total payments higher than what you would pay through Disney.

 

[EROS]

I feel that you can do MUCH BETTER via the resale market; we've bought 2 BWV resales previously from www.atimeshare.com. If you need financing, I'd urge you to consider a home equity loan IF it's available to you.

The beauty of resales..........Like buying cars, you're able to NEGOTIATE. If an owner doesn't accept your offer, there's ALWAYS another deal available down the road.

GOOD LUCK,

 

[JulieWent]

We bought our BWV from Disney before BWV sold out. We bought at $67 per point, which we found pretty reasonable given that we used Magical Beginnings to bring it down to $62 per point. (MB was a promotional that Disney was using then.) Anyway, if I were buying again, or if we ever buy an add-on, I would definitely go through a resale simply because of price. I just don't see the sense in paying the price Disney now has on the properties that are for sale when you have so many more options going through resale venues. Based upon the experiences I've seen reported here, I think you can be fairly confident of the resale brokers that are frequently mentioned.

 

[Lyndarella]

We are buying a different FL timeshare from A Timeshare Store (Jaki A). It is at a great price, has 2 free weeks, and is what my DH wants. Our closing costs are around $500.

We are also buying 150 points at VWL (my choice) from Disney. (I'm almost getting defensive about this!!) With the Magical Beginnings program, we sold back the first year's points (we don't really need those, do we?) and are financing just $9000, the same as $60 per point. We paid $750 down, and Disney pays closing. This is CLOSE to what a resale would cost. Most DVC resales when we were looking, were for too many total points, or too much $ per point, or too many borrowed points, or not VWL, or all of the above. We also needed financing, having paid cash for the other deal, and know we will pay it off way ahead.

We are very satisfied with both companies. We finalized both deals the same day! We are now waiting to see who will close first! The race is on!

 

[nuthut]

You can try to barter with disney, but it does not seem to work to well. Remember to buy where you want to stay.