Sellers:WHY are you selling?

[Caskbill]

Keep in mind there is a difference between having your annual points and paying your annual dues.

Points are allocated on a use year. If you have a March use year, you get your new point allocation every March 1st. A June use year, you get new points every June 1st, and so on.

Dues are for the calendar year, Jan 1st through Dec 31st for everybody, no matter what your use year is.

 

[lizziepooh]

I too think that some people underestimate the additional costs of airfare, park tickets, food, etc. The room costs are only one part of the cost of a trip.

When we bought our resale, we were told that the owners were from out of the USA and were having problems getting money out of their country for dues, payments etc. due to political problems.

 

[Cruelladeville]

Cindy,
When I was looking into buying a resale contract last year, all 3 were due to divorces. As I have found from family experience, you MUST sell all your assets in order to settle debts in a divorce, unless both spouses have enough money where they can buy each other's interests out in order to hold on to a contract.

As for your question about resales, you need to pay for closing costs of about $500, dues on, say, 200 pts=$820, and the cost of the pts @$74=$14,800. Your cost for a resale is around $16,100. This is why several people mentioned Magical Beginnings, where you give up this year's points, but you save the $500 closing, and you can get Disney financing for up to 10 years. If your resale had current and banked points for $74 per pt. and you have financing already, then you have a better deal with resale. It just depends...

 

[reneesam]

Originally posted by lizziepooh
I too think that some people underestimate the additional costs of airfare, park tickets, food, etc. The room costs are only one part of the cost of a trip.

I think this is an excellent point and cannot be overemphasised. No matter how you slice it, WDW is an expensive destination, even with prepaid accomodations. People may find out too late that they cannot afford the "rest of" the costs of DVC membership, i.e. the cash you spend on the trip. While people may buy DVC sight unseen (we did), buyers should be well aware of the cost of a trip to WDW.