Resale question

[shelly3girls]

It appears as if you can save alot of money by buying a resale vs. new. Beyond just that you can't most likely buy the BCV, what is the downside to buying a resale?

 

[kdonnel]

The waiting is killing me.

I have reservations I want to make but I have been waiting since January 8th to even know if Disney will let me buy the resale.

 

[lacool]

You'll generally have to add about $500 to your total cost to cover closing. Other than that, Kdonnel is right. The wait feels like it takes forever. We made our offer on December 30 and it was accepted the same day. We wired the $ this past Friday, and it will still be another week before we are in the Disney system. I believe 6 weeks is about the norm. But I do feel like I saved some money, and Jaki at atimeshare.com has been extremely helpful.

Now I am ready to make my reservations!!! All I need is a member number.

 

[crisi]

That's probably the biggest thing. Buying from Disney you know how the process will go, it goes quick, and your Sales Guide will help you get ressies in before you close.

Resales move slower. You have to find the resale. Make an offer. See if the offer is accepted. Perhaps counter offer. You can be prompt about mailing your paperwork back, but if the seller is less than motivated it will drag out. Wait for Disney to exercise their right of first refusal. If they do, start over. If they don't, now you start the closing process - moving paperwork back and forth again - once again, an unmotivated seller (or a seller outside the country) can make the process drag.

Resales are not for those planning their first trip in the next several months. They are better for people who have time on their side.

The other thing is financing. If you need to finance (and don't have an easy home equity line of credit) , Disney makes it easy, although not cheap. Resales are trickier (but still possible) to finance.

Finally, their is the value of banked/borrowed and spent points. Understand what points are on the contract you are buying. A spent contract may not be much of a bargain (by the time you pay closing costs, and figure Disney will sell you a spent contract via Magical Beginnings - you won't save much), a contract with available points may be a bargain - but only if there is a window available to use or rent the points.

 

[JimC]

How long it takes any deal depends on the people involved and the particlular facts of the transaction. Our experience having bought both BCV from Disney and an OKW resale at around the same time is that they both proceeded with no problems and no delays. We used Pat Spell at the Timeshare Store and Byron Helgeson at DVC. Both have been a pleasure to work with.

 

[Disney Doll]

We just bought a resale through Pat Spell at The Timeshare Store. It was 2 months start to finish over the holidays, which I didn't think was bad. We made an offer early November, and all was said and done and recorded etc by January. We used points for our January trip from our new contract.