Something to consider - opinions please

[kelmarie]

Something is on my mind and I know this is the place to come for help!

Currently, we own (outright) 170 @ SSR, 25 @ HH, & 25 @ BCV = 220 total...all the same UY, which is nice.

I THINK we would like to sell all of these and purchase in Hawai'i when that starts selling. OR perhaps split between Hawai'i and one other resort - and this begs the question - WHICH ONE-??!.

We are a family of 4 and 220 points suits us just right, although I 'guess' we could live w/200 if we had to...like if we got a second contract as a resale.

I imagine the SSR in particular may be difficult to sell. Not looking to make a fortune...just enough to cover what we originially paid in 2003. Same with the smaller 2 contracts.

We've used all of our points through Feb UY 2011 so any buyer would have to wait until at least 2012 to travel.

Anyway, thanks so much for reading and for any input you disboard experts have! We so appreciate it!!!

 

[Mtnman44]

Unless your travel plans have changed and you want to vacation in Hawaii every year instead of WDW, I'm not sure I understand the reasoning. Also, the resell market prices are pretty low right now. This switch out will definately cost you a significant premium.

 

[kelmarie]

Unless your travel plans have changed and you want to vacation in Hawaii every year instead of WDW, I'm not sure I understand the reasoning. Also, the resell market prices are pretty low right now. This switch out will definately cost you a significant premium.

Why would we have to vaca in Hawai'i every year just b/c we own there? We don't vaca @ SSR/HHI/BCV every year. Not sure I understand what you mean. I think it would be super easy to rent out time in Hawai'i when we couldn't go, though. We'd still take advantage of 7 month window to travel to DVC resorts and could certainly exchange for other trips as usual like Disney Collection or Adventures or Cruise or RCI.

Are resale market prices below what someone may have paid 7 years ago? We just wouldn't offer it at a price below our original investment. Hopefully we have a little 'wiggle' room. Maybe?

Thanks for your input.

 

[Dean]

You will pay a substantial penalty selling and rebuying HI. That penalty might be as much as $40 a point or more when all is said and done. You're likely far better off just buying a smaller package. You'll have higher fees due to more points but more points for the same money. I doubt HI will be difficult for about 9 months of the year but will likely be impossibly for Xmas, possibly Easter and mid summer.

 

[Mtnman44]

What I mean was that it is generally recongnized that the most sensible (economically and trade option-wise) reason to own DVC is to use the points to stay in DVC resorts. People that own at the WDW DVC locations generally do so in order to stay in DVC accomodations around WDW. I am assuming this is the case with you.

When you talk about selling DVC points to buy DVC points in Hawaii, the main reason for doing so would be to have home resort advantage in Hawaii (since as you say, DVC points are useable anywhere at seven months). Thus, I assume you want home resort advantage in Hawaii more than home resort advantage in WDW. Based on that, I am assuming you are planning more vacation emphasis on Hawaii than WDW. If you want to occasionally have the option to stay at DVC hawaii, I'm not sure why you just don't use your existing points at 7 months. It's just my two cents.

SSR contracts, especially those 160 points and higher, are currently reselling in the mid $70's per point if I'm not mistaken.

Why would we have to vaca in Hawai'i every year just b/c we own there? We don't vaca @ SSR/HHI/BCV every year. Not sure I understand what you mean. I think it would be super easy to rent out time in Hawai'i when we couldn't go, though. We'd still take advantage of 7 month window to travel to DVC resorts and could certainly exchange for other trips as usual like Disney Collection or Adventures or Cruise or RCI.

Are resale market prices below what someone may have paid 7 years ago? We just wouldn't offer it at a price below our original investment. Hopefully we have a little 'wiggle' room. Maybe?

Thanks for your input.

 

[wdrl]

Before you start selling your contracts, you might want to wait until you see the point charts for DVC's Aulani Resort. The speculation is that Aulani will be as expensive as accommodations at VGC or BLT's MK view villas, if not more so. Although 200-220 points might work fine for your current vacations at WDW, that same amount of points might not give you the number of nights and/or accommodations at Aulani to which you have grown accustomed.

I would think that your 25 point contracts will move very quickly and at a very decent price. Its rare to see such small contracts on the resale market, and they seem to be snapped up really fast.

Good luck!!

 

[JimMIA]

I think it would be super easy to rent out time in Hawai'i when we couldn't go, though.

I don't know if it would or not. I'd certainly ask for, and listen to, the opinions of those who do a lot of renting/exchanging in HI.

I'm not an expert in HI, but based on my trips there, my reluctance with DVC-HI has always been that it's in a relatively undesireable area of a relatively undesireable island (Oahu). Your competition for rentals will be very nice properties on Maui, Kauii, and the Big Island. I wouldn't consider an easy rental of DVC-Oahu a lock.

 

[backyardponder]

I'd wait to see how hard it is to get into HI at 7 months.

 

[robertdangelo]

I would take a "Wait & See" approach. I agree selling the smaller contracts and doing an add-on at Aulani may be the best approach. Who knows... maybe we'll finally get Poly Villas someday too!

 

[dbs1228]

I am not sure what you paid for your SSR contract 7 years ago but we just bought 160 point contract this month for 69.00 per point with all 2009 points banked. I would not even look at contracts that did not have at least all current year points available. I jumped at this resale because of the 160 banked 2009 points We paid the closing costs but I know the seller paid a commission, which I think is 10%. I think the sellers will walk away with about 9900.00 from this sale. I agree with the above post about taking the wait and see approach. Good luck in whatever you decide!

 

[dianeschlicht]

I don't know if it would or not. I'd certainly ask for, and listen to, the opinions of those who do a lot of renting/exchanging in HI.

I'm not an expert in HI, but based on my trips there, my reluctance with DVC-HI has always been that it's in a relatively undesireable area of a relatively undesireable island (Oahu). Your competition for rentals will be very nice properties on Maui, Kauii, and the Big Island. I wouldn't consider an easy rental of DVC-Oahu a lock.

I totally agree with Jim on this one. We always hoped DVC would build a Hawaii resort, but now that they are building it, we wont be buying in, because Oahu (especailly that side) is just not where we want to be. We much prefer the Big Island or Kauai.

 

[kelmarie]

See! This is why I came on to ask about this. You guys are awesome! Thank you for your input and advice! I appreciate it very much!

We are kinda forced to 'wait & see' b/c any points of ours aren't available for use until at least 2012. So who knows what will happen in 3 years anyway!

We LOVE LOVE LOVE our DVC membership, the travel flexibility it offers, and the quality accommodations. We'd never be able to afford to travel 'in style' as often otherwise.

We've never been to HI...I didn't know there was even an 'undesirable' location there! But I'm glad to know now!

Thanks again everyone for your help! I'll update more when something happens. In the meantime...keep the comments comin'! THANKS!!!