Resale

[lorie13]

We purchased our first contract with Disney in 2008 for AKV. We are now wanting to add a new contract doing a resale this time.

I have been looking at resale for the past couple of weeks and it seems that AKV or SSR have the best bang for your buck. Why are some VBR contracts listed in the $40 range? Is it because of the high maintenance fees?

Is it best to buy a different resort as opposed to one your own? I understand the 11 month window advantage, but are there any other advantages to a different resort?

Any advice on the doing a resale the first time? I know we will not get coffee, pastries, a tour of the facility and fast pass cards , but the savings are worth it.

Thanks for your time.

Lorie

 

[Chuck S]

The 11 month window is the only real advantage to buying a different resort. If you can not book 11 months out, then the difference boils down to price and ongoing maintenance fees.

If you feel you will be staying primarily at AKV, I would buy there for the 11 month window. Plus be sure to get the same use year and title the contract EXACTLY the same as you original, then DVC can treat it as part of the same membership.

 

[Sandisw]

There are some members who buy at different resorts because they plan to use the points for different times of the year. For example, someone might invest in a BWV contract to solely use those points during F & W. This gives them the 11 month advantage.

If you own points at different resorts with the same UY (so they are under the same membership #), you can not use them together until the 7 month mark. If this will matter to you, then consider buying more at AKV.

However, if you enjoy split stays or have other reasons to own at different resorts, then look at what your options could be.

We started out buying resale and to be honest, it was a very easy process. We used TSS and they were great!!!

 

[chalee94]

I have been looking at resale for the past couple of weeks and it seems that AKV or SSR have the best bang for your buck. Why are some VBR contracts listed in the $40 range? Is it because of the high maintenance fees?

econ 101: lower demand = lower price.

lower demand is due to not having access to wdw at 11 months out, higher MFs and lower risk items like higher likelihood of a storm damaging the resort and risk of being spun off from the DVC system.

Is it best to buy a different resort as opposed to one your own? I understand the 11 month window advantage, but are there any other advantages to a different resort?

as stated, make sure you understand that you will not get the 11 month advantage at AKV if you buy VB pts. you can use VB pts at AKV at the 7 month window if there is still availability. it doesn't matter if you own an AKV contract or not.

if you want more pts to book AKV at 11 months out, you need an AKV resale.

 

[Ed T]

I'd suggest you check out some of the resale broker websites as a comparison to Disney. I think you will find them lower priced.

Good luck

Ed

 

[Jason@dvcstore]

We purchased our first contract with Disney in 2008 for AKV. We are now wanting to add a new contract doing a resale this time.

I have been looking at resale for the past couple of weeks and it seems that AKV or SSR have the best bang for your buck. Why are some VBR contracts listed in the $40 range? Is it because of the high maintenance fees?

Is it best to buy a different resort as opposed to one your own? I understand the 11 month window advantage, but are there any other advantages to a different resort?

Any advice on the doing a resale the first time? I know we will not get coffee, pastries, a tour of the facility and fast pass cards , but the savings are worth it.

Thanks for your time.

Lorie

1) I would suggest when you buy more points you buy the points with the same "use year" that way everything falls under the same membership number
2) Vero Beach contracts typically sell in the higher 30's or low 40's per point and it does have a lot to do with their annual dues of $6.61 per point
3) If you buy at the same resort then everything would have the same ending date
4) Feel free to check out our website (www.dvcstore.com from The Timeshare Store, Inc.®) or send us an email at sales@dvcstore.com with your name and we will add you to our distribution list. When new listings come in you would be notified.

Jason

 

[lorie13]

Thanks Ed T for the PM, can not answer you back as I do not have enough posts.

I'd suggest you check out some of the resale broker websites as a comparison to Disney. I think you will find them lower priced.

Good luck

Ed

 

[JimMIA]

Is it best to buy a different resort as opposed to one your own? I understand the 11 month window advantage, but are there any other advantages to a different resort?

One possible advantage would be lower dues. Dues make up a sizeable portion of your overall DVC expense, so that's not trivial.

In addition to the regular 11-month advantage, some resorts offer unique benefits that make the 11-month window both necessary and really worthwhile. Examples would be Concierge at AKV and the option of Treehouse Villas at SSR. If any of those special features are attractive, that would be a reason for getting a second option.

And this is a different application of the 11-month booking window, but many DISers have different resorts because they want to stay at different places at different times of the year -- BWV for Food & Wine, VWL at Christmas, etc.

Any advice on the doing a resale the first time? I know we will not get coffee, pastries, a tour of the facility and fast pass cards , but the savings are worth it.

I would limit yourself to resale brokers who are well-established, know DVC inside and out, and have good reputations. And, if they have lots of listings and sell a lot of DVC contracts each month, they will have more inventory and probably a better handle on the process than someone who doesn't have that volume.

The sponsor of this forum - The Timeshare Store - is one of those, and one that we have personally used with great results and service.

And yes, the savings are definitely worth it. Even after factoring in closing costs, you're going to save +/- $25-$30 per point buying the same points resale.

 

[bobbiwoz]

1) I would suggest when you buy more points you buy the points with the same "use year" that way everything falls under the same membership number
2) Vero Beach contracts typically sell in the higher 30's or low 40's per point and it does have a lot to do with their annual dues of $6.61 per point
3) If you buy at the same resort then everything would have the same ending date
4) Feel free to check out our website (www.dvcstore.com from The Timeshare Store, Inc.®) or send us an email at sales@dvcstore.com with your name and we will add you to our distribution list. When new listings come in you would be notified.

Jason

I'm especially interested in your #2. The thread here regarding ROFR does not mention any VB contracts in the higher $30s, even $40s do not appear much if at all in what have passed and sold. On some sites, they are still listed in the $50s and even $60s as for "For sale". Has the price deteriorated so much?

 

[ksheppard]

One possible advantage would be lower dues. Dues make up a sizeable portion of your overall DVC expense, so that's not trivial.

In addition to the regular 11-month advantage, some resorts offer unique benefits that make the 11-month window both necessary and really worthwhile. Examples would be Concierge at AKV and the option of Treehouse Villas at SSR. If any of those special features are attractive, that would be a reason for getting a second option.

And this is a different application of the 11-month booking window, but many DISers have different resorts because they want to stay at different places at different times of the year -- BWV for Food & Wine, VWL at Christmas, etc.

I would limit yourself to resale brokers who are well-established, know DVC inside and out, and have good reputations. And, if they have lots of listings and sell a lot of DVC contracts each month, they will have more inventory and probably a better handle on the process than someone who doesn't have that volume.

The sponsor of this forum - The Timeshare Store - is one of those, and one that we have personally used with great results and service.

And yes, the savings are definitely worth it. Even after factoring in closing costs, you're going to save +/- $25-$30 per point buying the same points resale.

But you also have to look at the incentives being offered by Disney. When we bought, we got a point discount and a one week cruise. We wanted the cruise so it made sense for us. FInancially it ended out about equal.

 

[JimMIA]

But you also have to look at the incentives being offered by Disney. When we bought, we got a point discount and a one week cruise. We wanted the cruise so it made sense for us. FInancially it ended out about equal.

Yes, you need to look at ALL the monetary factors if the financial equation is the main consideration in your decision.

We bought our first DVC contract through TTS (highly recommended), but bought our second contract direct because the promotion at SSR at that time was actually a little less expensive than other options.

However...in TODAY's market there are a huge number of contracts for sale, which eliminates one of the possible issues with resale -- difficulty finding what you want. And, the price differential is $30 per point or more in most cases compared to the $11 per point we saved buying OKW resale five years ago.

Times have definitely changed in favor of resale. It's pretty difficult to make an honest financial argument for buying direct when the direct starting point is $120 per point.

 

[william1375]

The $6+ maintenance fees are a major factor, unless its VB you want the 11 month home resort advantage there its just not worth paying $20-30 more for a resale vs. a resale SSR (which also has more years). After 20 years you would have made up that difference in price by saved maintenace fees going SSR resale vice VB resale.

 

[BWV Dreamin]

I'm especially interested in your #2. The thread here regarding ROFR does not mention any VB contracts in the higher $30s, even $40s do not appear much if at all in what have passed and sold. On some sites, they are still listed in the $50s and even $60s as for "For sale". Has the price deteriorated so much?

Yes the prices have dropped significantly. I know personally of someone who passed ROFR at VB for $41/pt for 200 points.

 

[sweetinmaine]

Any advice on the doing a resale the first time? I know we will not get coffee, pastries, a tour of the facility and fast pass cards , but the savings are worth it.
Lorie

We bought our first contract with Disney and then did 3 add-ons. We never got the free coffee, pastries, tour or fast pass cards.
We just bought another contract through TSS and the savings far outweigh what we received the first time around.