Seller backed out after almost 3 months of waiting. :(

[princesslover]

If you are potentially willing to pay far more for direct for a trip that is so far out:

Why not be willing to pay the rack rate with Disney while you wait for the contract you are looking for to come up?

If the contract comes up in time then you pull the trigger and never need to book the cash room with Disney, and if it doesn’t then you have a cash reservation to use.

Just another option aside from potentially going direct too quickly.

I guess that would work if I only needed the points for this one trip. But the issue is that our family has outgrown studios and we would like points fora a two bedroom every other year. I can’t pay rack rate with Disney for a two bedroom and still try to save up for points.

 

[4luv2cdisney]

Obviously DVC is a great option for many, myself included.

However, even as a happy DVC owner I certainly recognize that it takes a lot to realize the savings I get over the ease (yet extra expense) of booking directly with Disney.

And even if you bought years ago at far lower prices, you are tying up the same as a resale buyer is today, because if you sold you would get back far more than you paid...not that I’m saying you should sell.

Perhaps you’ve found no hassles and savings with DVC which is fantastic, but not what I think is the norm.

Not the norm, I suppose.

I bought for $10K and took 2 back to back trips that would have cost about $15K. However, I would have normally stayed moderate with a budget of about $7K.

So, I was "in" for $5K-8K depending on how you want to look at it.

I'm not at all saying I'm somehow ahead of a resale buyer (outside of AP savings being included in those #s ) but I'm saying I didn't tie up a lot of money and I got back the value that I put in pretty quickly.

I threw away my spreadsheets. At this point, the money is spent and for $35/mo in dues I'm staying at Boardwalk.

I am planning to purchase some SSR points tomorrow. We don't necessarily need them, but we want to start trying some of the other resorts as spending more time in WDW is part of our retirement plan and we will need to decide what other home resort(s) we want. The math on this won't be as easy to justify I suppose, but I'll report back when I've figured it out.

 

[kboo]

I actually think it makes a lot of sense. Some people are happy with the "automatic discount" DVC can provide even with a direct purchase. I'm sure you can find lots of old comments about how people were tired of hunting for the deals and discounts, so they bought DVC.
I remember the hassle / frustration of trying to score a "pin code" for a regular room discount or offer. There were multiple threads and hundreds of pages of this stuff. Maybe it still exists. I wouldn't know! lol

That was me before DVC too. While we did score some good deals at BWV, GF and Contemporary, I wasn't such a fan of planning only 3-4 months in advance!

I am planning to purchase some SSR points tomorrow. We don't necessarily need them, but we want to start trying some of the other resorts as spending more time in WDW is part of our retirement plan and we will need to decide what other home resort(s) we want. The math on this won't be as easy to justify I suppose, but I'll report back when I've figured it out.

Let me know how this works. After we toured the GV at Riviera, DH keeps saying we aren't buying any more DVC points. It's almost like he's trying to convince himself!

 

[mustinjourney]

That was me before DVC too. While we did score some good deals at BWV, GF and Contemporary, I wasn't such a fan of planning only 3-4 months in advance!



Let me know how this works. After we toured the GV at Riviera, DH keeps saying we aren't buying any more DVC points. It's almost like he's trying to convince himself!

that grand villa is amazing.

 

[ajiuo]

I’m sorry this happened… but I’m also a bit confused. What did the seller need to come up with money for? You are paying them so that doesn’t make sense. I’m sure I’m missing something but am wondering what It is.

 

[Sandisw]

I’m sorry this happened… but I’m also a bit confused. What did the seller need to come up with money for? You are paying them so that doesn’t make sense. I’m sure I’m missing something but am wondering what It is.

The sellers had a mortgage with DVD on the property which needed to be paid off. The proceeds from the sale were not enough to cover the balance and therefore needed their own money to cover that shortfall,

Since they didn’t have it, it could not be sold.

 

[KTownRaider]

I’m sorry this happened… but I’m also a bit confused. What did the seller need to come up with money for? You are paying them so that doesn’t make sense. I’m sure I’m missing something but am wondering what It is.

It's possible the owner financed a loan to complete their initial contract purchase and couldn't settle the outstanding balance before completing a new sale (ie underwater) to the OP....

 

[ajiuo]

Okay. That makes sense.

 

[Twohsieh]

Sorry the sale didn’t go through. Good luck with the next one.