resale value in 15 years?

[mrcrete]

I own two marriott weeks and am considering dvc since we go to disney every year to get away from the Maine winter. DVC seems to hold its value better than marriott but in 15 years when theres only 21 or 22 years left on the contract, what do you think the value will be then?

 

[doubletrouble_vb]

Before you worry about resale value it might be worth calculating your personal break even point.

Anyway in 15 years the resale value could be exactly the same as todays selling value...$83...while whatever they are selling then is going for $150.

 

[Cruelladeville]

Marriott Grande Vista in Florida is selling today for almost $20,000 for a week, while my sister bought resale there for less than $10,000. I bought my Marriott for $5000. In contrast, I bought Disney new for $53 per point, and can sell it now for $80. Even if it goes to $0 tomorrow, my cost overall was still less than if I had paid cash for all those years of vacations. My break-even point was 5 years, and I have owned mine 8 years so far. Surely you are aware by now that buying a timeshare is not a $0 investment--using a timeshare means there will be a cost involved, usually in declining values. Those of us who own DVC are thrilled that, for now, we made a good investment, even though that wasn't our original intention.

 

[mrcrete]

I can relate to what your saying. 8-10 years ago I got 2 resale weeks at cypress harbour for $7500 for the pair and have had the time to go every year. We have had the use and there still worth around $12000-$14000.
I've always thought dvc was way too high but after spending way too many hours on this site (I'm not that balanced) I can see how it could be just as much of an investment as a luxury.

thanks for yor help

 

[Daitcher]

Marriott Grande Vista in Florida is selling today for almost $20,000 for a week, while my sister bought resale there for less than $10,000. I bought my Marriott for $5000. In contrast, I bought Disney new for $53 per point, and can sell it now for $80. Even if it goes to $0 tomorrow, my cost overall was still less than if I had paid cash for all those years of vacations. My break-even point was 5 years, and I have owned mine 8 years so far. Surely you are aware by now that buying a timeshare is not a $0 investment--using a timeshare means there will be a cost involved, usually in declining values. Those of us who own DVC are thrilled that, for now, we made a good investment, even though that wasn't our original intention.

I've posted this before, but why anyone would buy a Marriott timeshare in Orlando is beyond me? Marriott's cash rates are so cheap and rooms are always available. I stay the weekends at Grande Vista to save points on my DVC. I pay around $179 a night for a 2 bedroom. This is booked directly through Marriott with no discounts. DVC 2 bedroom goes for around $500. Marriott is a pretty good product but DO NOT buy one in Orlando. Look to oceanfront resorts like Aruba or Hawaii. As for resale value, it is insignificant to me because we will never sell. The nightly cost of DVC rooms, our love of WDW and our desire to be on property is what drove us to buy DVC. I do feel resale will stay high for a while due to DVC and the ROFR. They do not want resales hurting there newest Resort sales.

DAVE

 

[joepoe]

I've posted this before, but why anyone would buy a Marriott timeshare in Orlando is beyond me? Marriott's cash rates are so cheap and rooms are always available. I stay the weekends at Grande Vista to save points on my DVC. I pay around $179 a night for a 2 bedroom. This is booked directly through Marriott with no discounts. DVC 2 bedroom goes for around $500. Marriott is a pretty good product but DO NOT buy one in Orlando. Look to oceanfront resorts like Aruba or Hawaii. As for resale value, it is insignificant to me because we will never sell. The nightly cost of DVC rooms, our love of WDW and our desire to be on property is what drove us to buy DVC. I do feel resale will stay high for a while due to DVC and the ROFR. They do not want resales hurting there newest Resort sales.

DAVE

We own at OKW and BWV and a 3BR at Grand Vista. The 3 BR is a very good trader. We figure the "grand villa" size is still at a premium in Orlando. Many people own at marriott in Orlando and love it. They dont care about resale value. They bought it to use and trade, and Marriott makes it much easier to trade through Interval Int'l than DVC does.

 

[Daitcher]

We own at OKW and BWV and a 3BR at Grand Vista. The 3 BR is a very good trader. We figure the "grand villa" size is still at a premium in Orlando. Many people own at marriott in Orlando and love it. They dont care about resale value. They bought it to use and trade, and Marriott makes it much easier to trade through Interval Int'l than DVC does.

Valid points but you skated around my key point. Rooms can be had for a relatively low price at the Grand Vista or any other Marriott timeshare in Orlando. Hard to justify the buy in plus dues on a Marriott timeshare in Orlando. Maybe it can be traded but no one can convince me that an Orlando Marriott timeshare is a great trader. Timeshares in Orlando are a dime a dozen. Now an Aruba or Hawaii, now those are traders. I'll keep my DVC and just keep booking cheap rooms at Marriott timeshare properties for weekend only stays. Saves me a ton of points not booking weekends with DVC. Rooms always are available at the MVC properties also. Marriott is good but DVC it is not.


DAVE


DAVE

 

[Dean]

Valid points but you skated around my key point. Rooms can be had for a relatively low price at the Grand Vista or any other Marriott timeshare in Orlando. Hard to justify the buy in plus dues on a Marriott timeshare in Orlando. Maybe it can be traded but no one can convince me that an Orlando Marriott timeshare is a great trader. Timeshares in Orlando are a dime a dozen. Now an Aruba or Hawaii, now those are traders. I'll keep my DVC and just keep booking cheap rooms at Marriott timeshare properties for weekend only stays. Saves me a ton of points not booking weekends with DVC. Rooms always are available at the MVC properties also. Marriott is good but DVC it is not.


DAVE


DAVE

I would agree that buying any non DVC timeshare in Orlando is almost always questionalbe. But there are situations where it is reasonable. Reasons might be price, 3 BR, need a specific week like Easter or Xmas. Same could be said for DVC for many people as well if looked at factually rather than emotionally. However, many have bought timeshares without knowing the real ins and outs, how else would we have all those great bargaisn out there. And even a Marriott Orlando timeshare trades pretty well within Marriott.

 

[mrcrete]

I think buying in Orlando depends alot on how much you pay on a resale,how often you go and are your kids still in school. If you have to go during a school vac it cost around $250-290 a night pluss tax. If you buy the non prime season you can get them on ebay for $5-6000 and you can always get the prime weeks with these, and in 10 years it'll still be worth that. If you trade to another marriott even in aruba you'll still prob have no prob since marriott owners have first refusal for 28 days. The big proplem is your still not getting into DVC

 

[Dean]

I think buying in Orlando depends alot on how much you pay on a resale,how often you go and are your kids still in school. If you have to go during a school vac it cost around $250-290 a night pluss tax. If you buy the non prime season you can get them on ebay for $5-6000 and you can always get the prime weeks with these, and in 10 years it'll still be worth that. If you trade to another marriott even in aruba you'll still prob have no prob since marriott owners have first refusal for 28 days. The big proplem is your still not getting into DVC

For Marriott, one can actually get a Platinum season as low as $5K if you try hard enough. Non Marriott's can be bought for as little as a few hundred dollars but it would depend on the resort. The cheapest way into Orlando is to buy something and trade in or use some of the cheap rentals sites.