Selling backto Disney?

[drise]

Is it possible to sell your points back to disney? I'm sure the price point is low, but does anyone know what BCV points would be?

 

[PSC]

You can sell your pointd directly back to Disney, but you will likely do better using the Timesshare Store to list annd sell your points for you. They do an excellent job and are a sponser of this board. Why not give them a call and discuss your options?

 

[RobDoc]

Disney typically will not buy back a contract. Some have mentioned that DVC might allow you to sign over the deed to avoid foreclosure and some have suggested that DVC might consider a buyback for BCV at around $55 per point (that was awhile ago however).

It certainly can't hurt to call and ask, but be prepared for possible disappointment. You may want to consider contacting The Timeshare Store for assitance.

Good luck!

 

[Tamar]

If it's anything like it was a few years ago, it's really low. We sold our HH contract through The Timeshare Store for $12 more than Disney offered us for it--and then they ROFR'd it. We could've met them in the middle and they could've spent less and we could've made a bit more without the sales commission.

 

[Chuck S]

Possible, yes. It depends upon if Disney want them, and if they do, it is indeed at a substantially lower price than selling through a resale broker. I would start with a call to Member Accountng and possibly your guide if this is something you want to do.

It is also going to depend upon how much you owe on the note (if anything). I would think Disney is more likely to take points back if you still owe a substantial amount on them, or if you are way behind in annual dues.

 

[Jason@dvcstore]

Is it possible to sell your points back to disney? I'm sure the price point is low, but does anyone know what BCV points would be?

I was wondering if you called Disney to see if they wanted your Beach Club points. In the past they were offering $55 per point but last I heard they were no longer offering to buy any points back. I would be curious to know if they were back to making those offers.

Jason

 

[cheezNE1]

Would it be a better deal direct with disney to avoid the 12% commission?

 

[chalee94]

Would it be a better deal direct with disney to avoid the 12% commission?

nope.

disney almost never offers to deal directly, and on the rare occasions where they have offered a direct buyback, it's at a 30-40% discount to the current resale market prices.

 

[christa112]

I called about 4 or 5 months ago asking if they had a program for people who had lost their jobs or that were having financial troubles. Meaning would they take the DVC back? I actually wasn't even looking for them to buy it from me. I would have been happy with them just taking it back and I was told No.

The woman on the phone actually told me just to stop paying it and they would eventually just foreclose on it. I could not believe that she was telling me this. They would rather foreclose on someone than have the person just give up their DVC.

 

[cheezNE1]

I called about 4 or 5 months ago asking if they had a program for people who had lost their jobs or that were having financial troubles. Meaning would they take the DVC back? I actually wasn't even looking for them to buy it from me. I would have been happy with them just taking it back and I was told No.

The woman on the phone actually told me just to stop paying it and they would eventually just foreclose on it. I could not believe that she was telling me this. They would rather foreclose on someone than have the person just give up their DVC.

And that is why this country is at where it is now....

 

[jolia]

Just curious.. Are people actually mortgaging their DVC holding? If so whats the average term DVC is allowing? I understand that it is a "real estate holding" but the poll that I saw showed that the average # points was less than 200 which would mean the average cost is say ~ between $15k and $20. that "little money" to mortgage. Just curious...

 

[DVCGeek]

DVD (the developer / sales side; before you ever get to DVC) has allowed financing [at high interest rates of 10 - over 15% depending on credit score & direct debit participation] for new contracts {at then current minimum purchases} and for add-ons of 50 points or more for quite some time; definitely since Oct. 2008 when I did tour. These are typically 5 or 10 year term mortgages; since they are written as such the interest paid on them may be US federal income tax deductible as a "second home"...

jolia- To some (if not many!) people looking to save money over the long run on vacations $15k+ is a LOT to drop in a lump sum cash transaction. Not sure if you were trying to make a joke or not with that "little money" comment...

 

[erionm]

Just curious.. Are people actually mortgaging their DVC holding? If so whats the average term DVC is allowing? I understand that it is a "real estate holding" but the poll that I saw showed that the average # points was less than 200 which would mean the average cost is say ~ between $15k and $20. that "little money" to mortgage. Just curious...

If financed by DVC, it's a mortgage because it's secured by the property. DVC will finance for up to 10 years.

 

[Brian Noble]

They would rather foreclose on someone than have the person just give up their DVC.

This isn't as crazy as it seems. If Disney did take deeds back on a regular basis, anyone who just decided they were "done" might well take them up on it. In contrast, a foreclosure will include a pretty nice hit on your credit report, and so folks won't go that route unless they truly have no other options. So, by not accepting deedbacks, Disney reduces the total volume they have to handle. And, they want to carefully control that volume, because they owe Dues on any contracts they hold until such time as they can be sold.