WDWFigment
DIS Veteran
- Joined
- Mar 8, 2007
- Messages
- 2,245
I'm partly posting this out of curiosity to see if someone around here snatched it up (dang you 
but congrats, too! 
) but also to see if how others have "survived" through this fun, yet stressful, process of the DVC resale hunt.
I have read a lot about DVC on that other big DVC forum, so I think I have at least a basic understanding of the process. From this research my fiancee, Sarah, and I have decided that, from a cost-benefit perspective, SSR is the resort at which we should buy. Having a close friend who works as a CM, we have stayed in 1BR rooms at SSR the past two summers under various promotions, and have really enjoyed the amenities, although we do prefer other DVC properties more. Given their smaller size and difficulty to book at the 7 month window, we would be willing to pay a slight premium for BWV or BCV. Despite these preferences, we probably would purchase just about anywhere at this point if the right contract came along (I mean, how can you go wrong with any of the resorts as home resort on a small contract like this--VWL is beautiful at Christmas, OKW has a nice Floridian charm, etc., etc.)
To cut to the chase, we have been receiving the daily TSS emails for the last few years (despite not being financially able to purchase...wishful thinking, I suppose) and have just decided to jump in with a 25-70 point contract now that we are financially able to buy-in with cash, and since we want to stay at a DVC resort for our honeymoon (and after crunching the numbers, I'd rather buy than rent since we are inevitably going to otherwise purchase DVC within the next 2-3 years). After making this decision, I contacted the big 3 via email to see if they could assist.
When I got home, we saw the New Listings #3 email about 18 minutes after it was sent. The BWV 50 point listing (w/ 50 banked points) for $81/point seemed perfect, so we immediately called the TSS to buy it at full price. Upon talking to someone in the office, we found that it had already sold.
I knew buying on the first day of our search was too good to be true, but I was really hoping we could expedite the process as much as possible. Ideally, we would like to be in the DVC system by August 12th, the date our next vacation starts, so that we can buy discounted annual passes. In order for this to happen, assuming maximum transaction times, we need to have an accepted offer within the next few weeks. At the absolute latest, we need to be in the system by mid-October, which will be the 7 month window before our honeymoon.
There are a couple of contracts that pique my curiosity at the TTS, but I would prefer to get banked points to maximize the value, and these Ks are on the other end of the spectrum in that they are partially stripped. I know I could make a lower offer to compensate for this, but in my research it seems that the (seemingly arbitrary) ROFR is exercised primarily based on dollar per point prices. I know the up front numbers are minor compared with the costs over the life of the contract, but my inner frugality can't help but want to make sure I get a good deal on the contract.
At this point the post is getting a little long in the tooth, so I'll wrap it up (my apologies for the rambling stream-of-consciousness "flow" of the post--I guess I am a little excited!). I know I didn't really pose any actual questions here, but I'm really just looking for general advice or any shared experiences. Any help that anyone can offer would be greatly appreciated.
but congrats, too! ) but also to see if how others have "survived" through this fun, yet stressful, process of the DVC resale hunt. I have read a lot about DVC on that other big DVC forum, so I think I have at least a basic understanding of the process. From this research my fiancee, Sarah, and I have decided that, from a cost-benefit perspective, SSR is the resort at which we should buy. Having a close friend who works as a CM, we have stayed in 1BR rooms at SSR the past two summers under various promotions, and have really enjoyed the amenities, although we do prefer other DVC properties more. Given their smaller size and difficulty to book at the 7 month window, we would be willing to pay a slight premium for BWV or BCV. Despite these preferences, we probably would purchase just about anywhere at this point if the right contract came along (I mean, how can you go wrong with any of the resorts as home resort on a small contract like this--VWL is beautiful at Christmas, OKW has a nice Floridian charm, etc., etc.)
To cut to the chase, we have been receiving the daily TSS emails for the last few years (despite not being financially able to purchase...wishful thinking, I suppose) and have just decided to jump in with a 25-70 point contract now that we are financially able to buy-in with cash, and since we want to stay at a DVC resort for our honeymoon (and after crunching the numbers, I'd rather buy than rent since we are inevitably going to otherwise purchase DVC within the next 2-3 years). After making this decision, I contacted the big 3 via email to see if they could assist.
When I got home, we saw the New Listings #3 email about 18 minutes after it was sent. The BWV 50 point listing (w/ 50 banked points) for $81/point seemed perfect, so we immediately called the TSS to buy it at full price. Upon talking to someone in the office, we found that it had already sold.
I knew buying on the first day of our search was too good to be true, but I was really hoping we could expedite the process as much as possible. Ideally, we would like to be in the DVC system by August 12th, the date our next vacation starts, so that we can buy discounted annual passes. In order for this to happen, assuming maximum transaction times, we need to have an accepted offer within the next few weeks. At the absolute latest, we need to be in the system by mid-October, which will be the 7 month window before our honeymoon.
There are a couple of contracts that pique my curiosity at the TTS, but I would prefer to get banked points to maximize the value, and these Ks are on the other end of the spectrum in that they are partially stripped. I know I could make a lower offer to compensate for this, but in my research it seems that the (seemingly arbitrary) ROFR is exercised primarily based on dollar per point prices. I know the up front numbers are minor compared with the costs over the life of the contract, but my inner frugality can't help but want to make sure I get a good deal on the contract.
At this point the post is getting a little long in the tooth, so I'll wrap it up (my apologies for the rambling stream-of-consciousness "flow" of the post--I guess I am a little excited!). I know I didn't really pose any actual questions here, but I'm really just looking for general advice or any shared experiences. Any help that anyone can offer would be greatly appreciated.
too!
what camera did you use?
. Presently SSR contracts are very attractively priced - MFs at this resort are among the lowest and expiration is 2054 which may be important to you & DF since you're just starting out. BWV & BCV MFs are higher and expiration is 2042 - but they are great resorts too & still get you 30+ years of membership.
Exactly. Our friends have always got what they wanted, even during peak times, at 7 months out.
