Thinking About Buying--A Few Questions

[marie]

I'm thinking about buying into DVC. I'm interested in OKW, which would necessitate going resale. Is the only advantage of your "home resort" that of being able to reserve 11 mos. out instead of 7 mos.?

Approximately what might closing costs run on a 150 point resale purchase?

How important is the use year? What's the impact of one month over another?

Thanks for your help!

 

[Doctor P]

There are differences between the resorts themselves and this should factor heavily into your decision. For purposes of making reservations at the DVC resorts themselves, the difference between your home resort and the other resorts is indeed the 11 month window vs. the 7 month window in terms of making reservations. However, the resorts have different styles and sizes of accomodations and have different atmospheres. In addition, the points charts are slightly different among the different resorts, as are the existing annual dues per point. The advice given on this board is to carefully choose that resort at which you wish to stay most often as your home resort. That is excellent advice. Hope we have the chance to "welcome you home" in the near future as a new neighbor at OKW

 

[Caskbill]

Hi Marie:

We just did a 100 point resale add-on at OKW and the closing was $375. Closing costs are tiered to the sale price. Next tier is $400, then $425 etc, going up $25 each time. I don't know what tier you would be in, but my guess is probably about $425 closing for 150 points (depending on price per point you'd be paying)

Home resort has two impacts:

1. It gives you the 11 month window for ressies vs. 7 months at any other resort.

2. The maintenance fees vary by resort. OKW right now is the lowest. For example, I believe the difference between OKW and BWV is about $0.70/point, so if you purchased 150 pts at BWV, you'd pay about $100.00 more per year for maintenance fees than if you bought OKW.

Caskbill

 

[TnRobin]

Hi marie and welcome to the DIS and the DVC Board.

First, yes the only advantage of a home resort is the 11 month booking window. This can be invaluable during busy seasons.

Closing cost can vary. I beleive they usually are around $450. You can always ask that the seller pay closing cost, but that may ro may not be accepted.

Use year dicatates the month in which you receive you annual allotment of points. I wouldn't worry too much about it. The only thing you may want to consider is to not have it within the first 3 months after you typical vacation period. This helps if you were to cancell a vacation and need to bank the point. (This would typicaly be rare, so I wouldn't not take a good deal because of use year)

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<font size=4 color=blue font face="Comic Sans MS">Robin