Selling our DVC

[westjones]

How do I do this? What are the steps? What should I expect to happen?

We love it, but our lives have changed a lot since we bought it and I think it is time to (sadly) let go.

Thanks,
DJ

 

[WDWLVR]

Best place to start is with a resale agent. The Timeshare store sponsers this forum and many have used them.

We used Shontell at www.dvcbyresale.com when we sold our Vero contract. She was great.

Good luck!

 

[westjones]

Thanks. I guess I am nervous about all of this. It seems stressful. I had thought we would own our DVC until the contract ran out when we are 82, so I never thought about how to do something like this.

DJ

 

[WDWLVR]

Best thing to do is visit a number of the websites (there are others out there as well just google DVC resals and I bet you find some). See what their commission structure is like, how do you like the website, etc. Check out if they have an FAQ for selling. Then contact them and talk about the process. They'll walk you through it. One you pick someone to list with you just wait until you have a buyer.

We lowered our price twice but we started high with room to lower if needed. The sales process itself was really painless.

 

[KristinU]

We sold last year using The Timeshare Store (the board sponsor - click above). It was very easy working with them, they laid out the whole process step-by-step, and closing was really easy - all communication was by e-mail and fax (with a final document by FedEx I think).

For us it was a great decision, you have to do what's right for you and your family. We also had to remind ourselves that it didn't mean we wouldn't ever visit WDW again, it just meant that we were re-aligning our vacation dollars with a change in our travel habits.

Best of luck!

 

[db1279]

I have not sold a DVC property, but purchased one thru resale about a year ago. If I rember correctly while talking to the brokers, you can list your sale with multiple brokers. You may want to ask the brokers if that is still current. I would guess that they would like exclusive rights, but may accept something else if they don't think they have you hooked.

 

[westjones]

Thanks everyone! I am glad to hear that others who have done this have had good (painless) experience. We won't be doing this until summer (if we do it....I am still not sure what to do, but I want to figure out our options).

As, as was already mentioned, it doesn't mean we won't be going to Disney anymore, just adjusting how we travel. And that does help.

Thanks again!!!
DJ

 

[Brian Noble]

If you are not in dire straits financially, and are willing to take on the burden of renting, you might want to rent points out until the economy recovers a bit.

 

[westjones]

If you are not in dire straits financially, and are willing to take on the burden of renting, you might want to rent points out until the economy recovers a bit.

This is what DH says....well not renting, but maybe giving the points to family for a couple of years. Our kids are in high school now, and life is different. But maybe when they are in college, DH and I can go and enjoy it ourselves. He thinks we will miss it later in life....but then I think that the money I get from selling it could help pay for college (since the money we invested for their college is now half what it was a year ago).

Anyway, thanks everyone....just trying to figure out our options. We don't need the money now, and it isn't a problem paying our dues or anything. I am just having trouble dealing with the fact that at this time, vacationing isn't easy, but that maybe in a few years it will be again.

Sorry, I went on too much, again, just wanted to figure out my options.
Thanks everyone!
DJ

 

[edk35]

This is what DH says....well not renting, but maybe giving the points to family for a couple of years. Our kids are in high school now, and life is different. But maybe when they are in college, DH and I can go and enjoy it ourselves. He thinks we will miss it later in life....but then I think that the money I get from selling it could help pay for college (since the money we invested for their college is now half what it was a year ago).

Anyway, thanks everyone....just trying to figure out our options. We don't need the money now, and it isn't a problem paying our dues or anything. I am just having trouble dealing with the fact that at this time, vacationing isn't easy, but that maybe in a few years it will be again.

Sorry, I went on too much, again, just wanted to figure out my options.
Thanks everyone!
DJ

I somewhat understand what you are going through. We have a dd who is graduating this year and a son that just started high school. Plus one still in elementary school. Our vacations are about to drastically change too. I have to admit that I have had thoughts of renting out points and such in the future too.... because I know we will not be taking the trips we have the past few years. My 15 year old kinda wants to even skip our summer trip. Never thought that would happen but they grow up, get into summer sports programs and such and LIFE HAPPENS. I hope you can hang onto it but I do feel your pain with this decision. Somtimes I think I need to prioritize better when it comes to WDW. I could easily go 4 times a year but realistically NOT SMART. We have gone 3 times the past two years and that is just TOO MUCH with a child going off to school and another one following behind. I love love love my DVC and WDW but sometimes I have to lead with my HEAD AND NOT MY DISNEY HEART. It is hard. Soooooo hard. However if I ever got to a point that we needed to sell some contracts....we have ours in four 100 point contracts and I am soooooooo happy I did this. It would be easier for me to let go of 100. Good Luck and I hope you find peace with whatever you decide.

 

[westjones]

: However if I ever got to a point that we needed to sell some contracts....we have ours in four 100 point contracts and I am soooooooo happy I did this. It would be easier for me to let go of 100. Good Luck and I hope you find peace with whatever you decide.

Yes, that was a good idea to have 4 contracts like that so you can sell just part at once.

Thanks for your thoughts. I do think the whole "sports" stuff really changes lives. During fall break there were soccer sectionals, and this weekend is our spring break and there are basketball sectionals. Things I didn't think about last year when they were in middle school. Also they practice for their high school sports in the summer (except July 4th week), again something I didn't know in middle school last year.

So this year, I have gotten away with saying that we were already booked and I didn't know that in high school these things happened. Next year I can't say that.

It almost seems like Christmas week and July 4th week are the only two weeks in the year that we don't have sports things. My twins (one or the other) are in sports year round!

So anyway, just considering my options and trying to figure out what to do.
Thanks everyone!
DJ

 

[bjakmom]

Good Luck in your decision - just wanted to add my $.02. As someone on the 'other side' in parenting years (late-life DS(20) away at college - DD(32) with DGrD(5) - DD(29) engaged and looking forward to starting a family).
All of my kids have been going to WDW with me/us since they were toddlers (DDs every 5 years - once DS came along we went every year or two).
As teens/early 20s the kids were not interested in vacationing with us - once they hit their mid 20s and had their own kids, they started loving going back to WDW(especially when they don't have to cover their own lodging ) - and DVC gives us so much freedom to adjust taking them one family group at a time or all together every few years. We are really looking forward to using our DVC for family vacations which will hopefully include all the future Grands - and give our kids a great way to vacation together with their kids (and us, of course!). And the best trips of all for me are when I get to take DGrD all by myself for a few days of one-on-one fun!
And as you mentioned, DH and I were finally able to take a Food & Wine trip by ourselves and LOVED it - we plan on doing that every other Oct.

 

[westjones]

Thanks for that insight. I guess it is hard to figure out what the future will be like. Right now it is so hard to fit in our trips around school band/sports stuff!

DH's thinks that even if we just let our points go one year (or give them to family---his sister has a much younger child) that once the kids are in college he and I can go to the Food and Wine events at Epcot (and owning at BCV is nice for that).

I am glad to hear that when the kids are older they like going again.

I have to keep wondering if the money would be put to better use towards their college.

You know what is funny....I was the one who wanted to buy DVC and DH wasn't sure about it. Now I am the one thinking maybe we should sell since it is such a pain trying to find a time that works for both the girls' schedule and DH's work schedule....and HE wants to keep it even if it means we just let our points go for a year or two (we don't want to rent them---that just seems complicated).

But thanks alot for that perspective on life once kids grow up. I guess I could see that happening with us and I might regret giving up our points (and I will never get my BCVs back at the price I paid---we paid $70 per point there while they were still under construction and they are paid off, so we are only paying dues right now).

Thanks so much everyone....getting ready to head to the airport right now to head for Boardwalk! But geez.....it has been a complicated trip to schedule!

DJ

 

[edk35]

Thanks for that insight. I guess it is hard to figure out what the future will be like. Right now it is so hard to fit in our trips around school band/sports stuff!

DH's thinks that even if we just let our points go one year (or give them to family---his sister has a much younger child) that once the kids are in college he and I can go to the Food and Wine events at Epcot (and owning at BCV is nice for that).

I am glad to hear that when the kids are older they like going again.

I have to keep wondering if the money would be put to better use towards their college.

You know what is funny....I was the one who wanted to buy DVC and DH wasn't sure about it. Now I am the one thinking maybe we should sell since it is such a pain trying to find a time that works for both the girls' schedule and DH's work schedule....and HE wants to keep it even if it means we just let our points go for a year or two (we don't want to rent them---that just seems complicated).

But thanks alot for that perspective on life once kids grow up. I guess I could see that happening with us and I might regret giving up our points (and I will never get my BCVs back at the price I paid---we paid $70 per point there while they were still under construction and they are paid off, so we are only paying dues right now).

Thanks so much everyone....getting ready to head to the airport right now to head for Boardwalk! But geez.....it has been a complicated trip to schedule!

DJ

I would hang on to those BCV points. Those are GOLDEN. I think we all come to realize that with our kids schedules/growing up...... our vacations will change. I am sure others have been there done that. I think we all rough it out.....bank some points, let other family members use it. Whatever works. I think you would regret selling those points. Hang in there this to shall pass.

I am still shocked my 15 year old would skip this summer trip for SUMMER SOCCER. I mean last year we went after the season was over but he missed a camp. This year he does not want to miss ANYTHING. I might let him stay with friends.

 

[edk35]

Good Luck in your decision - just wanted to add my $.02. As someone on the 'other side' in parenting years (late-life DS(20) away at college - DD(32) with DGrD(5) - DD(29) engaged and looking forward to starting a family).
All of my kids have been going to WDW with me/us since they were toddlers (DDs every 5 years - once DS came along we went every year or two).
As teens/early 20s the kids were not interested in vacationing with us - once they hit their mid 20s and had their own kids, they started loving going back to WDW(especially when they don't have to cover their own lodging ) - and DVC gives us so much freedom to adjust taking them one family group at a time or all together every few years. We are really looking forward to using our DVC for family vacations which will hopefully include all the future Grands - and give our kids a great way to vacation together with their kids (and us, of course!). And the best trips of all for me are when I get to take DGrD all by myself for a few days of one-on-one fun!
And as you mentioned, DH and I were finally able to take a Food & Wine trip by ourselves and LOVED it - we plan on doing that every other Oct.

I am starting to see this with my 9th grader. He has no desire to go this summer. We have been 3 times each of the past 2 years and he is DISNEY DONE for now.
I think it was over kill for "this age" I don't know. My dd is 18 and even she complained the past two trips. However I think that had more to do with missing a day of school each trip. She is looking forward to going this summer to celebrate her graduation. Our Jan. trip was her 15th trip. As they get older.....things change and we have to accept that.

 

[Brian Noble]

Even if you decide that selling is in your best interests long term (because you don't really want to go as empty nesters), I would still wait at least six months, and maybe a year, to put it on the market. Right now it is a buyer's market, not a seller's. Selling now is like selling stocks today---do it only if you need the money right now. Otherwise, you're probably better served renting to cover your dues (and then some), and waiting for the inevitable recovery.

 

[jodifla]

In 10 years, kids who are in high school now may well be having your grandchildren....it would be shame not to be able to take your grandchildren on DVC vacations!!!

DVC is a longterm proposition. I'd look to use my points in other ways during this time when the kids don't want to go. Long weekends in NYC or Chicago using the concierge collection, trading out with RCI or Buena Vista...there are options to tide you over until an new generation is interested in Disney.

If it were just DH and I at this point, with countless trips to the park under our belt, we'd had to HHI or Vero for a week, or use our points at the upcoming Hawaii DVC!!! Or combine a few years for a DCL cruise.

Lots of options!@

 

[westjones]

Thanks everyone!

We just go back from a trip, and it was nice, not like it was when they were younger, but still nice.

I think we have decided not to decide anything for a while and see what happens as our kids get a little older. I am glad we can bank our points at least to give us more time to figure things out.

Life was easier before puberty!

I appreciate everyone's insights.

DJ

 

[westjones]

or use our points at the upcoming Hawaii DVC!!!

Lots of options!@

You know, I had forgot about the Hawaii resort coming about, and that is one place we haven't been and would love to go, so that might be a great option for us in the future! Thanks!

 

[Boardwalk III]

By the way, renting points out on the DVC Rent forum on this site is really easy, not complicated at all (Just be sure people pay with pay pal or bank check, but you are in the driver's seat and can always cancel the reservation if a check were to bounce etc).

This is a great option for those who can't spend the $$ over the next few years to use their DVC points for a trip, but want to preserve the membership for future years.

I have 500 points, and many years I rent or sell 1/2 of them to friends, which fully pays my dues for the year. My boys are 17 and 20, so they are into the "not going" years but I feel they'll be back once they have families of their own (actually my 17 year old is going down with us and family friends for a short 5 day trip in 2 weeks, and although he likes to act disinterested, I know he is secretly looking forward to it