Vero Beach- Why more resales?

[lizziepooh]

It seems like there are more Vero Beach resales listed than any other DVC resorts. Does anyone have ideas on why? Just curious.

 

[Cap]

Perhaps the people who bought at VB (at lower cost) thinking they could just book into OKW, or Boardwalk at the 7 month window are realizing they can't always get in. Or perhaps people don't like the dues now that they aren't being subsidized as much.

 

[Richyams]

Either and both...maybe even a little resentment for being fooled into buying there.

 

[PamOKW]

I haven't looked at the resale board to know how true the statement is, but I agree with Cap's reasons why it could be so and can think of a few more. As stated, some people may have bought Vero just as a way to stay at Disney and may now have decided to sell. There was a pretty big bump in the dues this year when the subsidy was dropped and the cost may be prohibitive to some. Two other reasons, are the age of the Vero resort....the lifestyle changes are kicking in marriage, divorce, death, etc. that sometimes necessitate a sale. And, another reason why you may see more on the resale boards, it probably takes longer to make a Vero sale so the inventory stays around longer than a WDW DVC causing a "back-up" in the amount for sale.

 

[luckytso]

I think it is mainly on price. Disney offers Magic Beginnong for $15 which brings down the price per point to $65 or $60 depending on when you made the committment. With that, in my case, a Dec. use year, I still have 2002's points available to me, after MB.

At either $60 or $65 with no additional closing cost, the flexible financing (cash or financing, check or credit card, etc.), plus you can make reservations right away, it makes the resale not very attractive at all.

 

[Richyams]

Unfortunately, what people don't realize is that they are being lied to by most Disney DVC sales staff. They don't figure this out until too late. The lower up front cost is very quickly eaten up by the highest dues of any DVC resort. They all of a sudden realize that their DVC sales person's pitch:

"Buy at VB, the MB is better making the upfront lower and you can stay at any DVC resort you want to, most reservations are made within six months, so the seven month window is no hinderance at all."

Simply said, buying points at VB intended mainly for use at WDW is a mistake. People are realizing the magnitude of the lies they were told to fool them into buying and are now selling.

Unless someone has been fooled by their salesperson into believeing that Home Resort doesn't matter, a $75 resale at an onsite DVC resort is a far better deal than $60-65 through Disney......if you intend to use the points mostly at WDW.

If your intent is to spend most of your vacations at VB, owning there is the best thing you can do, while the dues are rather high, the resort is beautiful and full of those Disney touches that we all find so compelling.

If your intent is to spend most of your vacations at WDW, VB at any price is a poor deal...people are realizing this and selling...I still think there may be some resentment from being lied to by DVC sales staff.

 

[sanmc12]

When we purchased at VB we didn't feel like we were being fooled at all. We were given all the options for all the resorts and made the best choice for us. As far as booking at the 11 month window at other rsorts, yes it's a bit more work but with a little effort we have always been able to get what we wanted.

 

[luckytso]

Ultimately, the price is determined by supply and demand. However, since most people, I assume, buy VB as an add-on, to get a few days at VB sporadically. Therefore, people don't need many points there.

Buying from Disney, you can also choose both the use year and the # of points you want, it is hard to beat with this type of flexibility and pricing. Worst yet, the resales generally have at least 150 points or more which are much more than what most people need for VB.

I was talking to a resale broker the other day and she was really complaining about Disney's pricing of VB to make VB's owner not be able to sell. She feels Disney is doing a dis-service to VB's owners.

Hopefully, once VB is sold out, things will be better for VB's sellers.

 

[Richyams]

Many were fooled, many were lied to. You may have had an honest salesperson, but we have heard from MANY people here that part of the sales pitch they heard included:

"Most reservations are made less than six months out, the seven month window is meaningless, you can stay where ever you want"

This is clearly a lie.

I sat through a presentation for HH and was told the same lie.

I feel sorry for those that fell for that lie, I feel even sorrier about how fast those savings were eaten up with the highest dues of any DVC resort.

I am glad it is working out for you.

Do you use it mainly for WDW vacations or VB vacations?

I think VB bought for mainly vacationing at DVC is a very bad idea....even looking at resales, you can find an on-site resale, maybe a little more than the unwanted VB, but any savings would very quickly be eaten up with those dues....to say nothing of the fact that you will be forced to only use the seven month window, this makes your vacations harder to plan and there are many types(size unit and time of year) that are completely or nearly impossible to get at seven months.

The savings(that will quickly be eaten up by the highest dues of any DVC resort) are not worth being forced to deal with the seven month window.

Everyone says "Buy where you plan to stay most" for a reason, it is actually the one thing we all agree on.

 

[ripleysmom]

Uh Rich....you did see the part that said that VB on the resale market is almost the same price as buying from Disney with MB right?

You think that no one wants to sell OKW, BWV or VWL or even HH for that matter? No. The reason the resales are still there is because it doesn't pay someone to buy it resale. I know I prefer to deal with Disney and I'll bet a lot of other people do too.

And finally don't forget people can find a ressie at OKW at the 7 month window for most of the year as long as they don't mind staying there.

 

[ncligs]

As a VB owner, all of the above posts have some truth to them.
We purchased at VB for the following reasons............
1. Resort is "beautiful."
2. Wanted 1 off-site DVC location.Been to HH and it is very nice but prefer VB.
3. Have OKW as home resort also.
4. Plan to go at least every other yr or few days after DVC on-site
5. Beach Cottages are "AWESOME"
6. Need 11 month window (Beach Cottages-Holidays)
7. MB's at $62 pt (same use yr)
8. Since we have 300 pts at OKW, the 160 we have at VB should be no problem getting ressies at OKW at the 7 month window(largest DVC resort , if we want the GV at OKW.
9. Dues wasn't a factor. Even if it is $1 more per pt for dues. That would make it "$160 per yr" more for us. That is a small amount to have to pay to be able to get a "Beach Cottage" when ever we want it.
So as you can see, we chose VB for the above reasons. And after staying there 2 weeks ago, we are very glad to have the 11 month window there.

 

[Richyams]

As I have always said, VB is truly a great resort, one of the finest in the world, for someone who intends to vacation there often, buying there is a good thing.

Buying VB points to use mainly at WDW DVC resorts is not a good idea.......does anyone disagree with that?

My problem with DVC sales staff is that they lie and misrepresent the ease of use of the seven month window.

I know, some will say that they have never had a problem, but that doesn't change the fact that there are many types of reservations that are going to be very hard to get at the seven month window in spite the the assuarances(lies) given to them by DVC sales staff.

 

[gscott8075]

I noted the large number of VB resales on both atimeshare.com and the Timseshare Store.

Since VB and HH are very similar, I would have to assume that the dues spike is a big reason. The boards here are full of nothing but positive comments from members who have been at both. The dues increase is the only difference.

If it was for the WDW connection, there should be just as many HH resales - and there are few if any. Also, closing costs in SC are much much higher than in FL so that would lead me to think if a lot of HH owners were selling, they would sit on the market.

And, the entire number of resales is very, very low - when you consider that there are 60,000 owners, the 20-40 listed are statistically insignificant.

The HH sales pitch I attended did indeed minimize the importance of the 7 month window.

I must say that we just got back from our second HH stay - my entire family forcefully told me that it is their favorite resort. DD's are 7 and 9. If you haven't been there, try it!

HH is a magical place - and I am sure VB is too. But, if WDW is your primary destination, folks should have bought there.

 

[Shontell_Crawford]

but here goes:
My opinion (and that is ALL it is) would be that Vero Beach resales have always moved slower than the Orlando resorts because: 1. The Dues. 2. It's not Orlando. Regardless of the issue of the 7 month window, people are afraid to take the risk - just in case- they want to travel during peak seasons.

Personally, I own HH and have never been there.
I have stayed at OKW, BW, and Vero - and guess what.....I have never, ever, ever booked a stay for myself more than 2 months in advance. Points are points are points. People cancel. Waitlists open up. It happens. I'm not a DVC rep, and I've heard of them misrepresenting things to guests (especially about resales) ;-) but I don't think the 6 month comment is wrong.

It will be interesting to see when Vero sells out if the resales move any faster.
Great question, btw!

All the best,
Shontell

 

[reneesam]

Shontell-
So nice to see you on the boards! I loved working with you, and I've been scanning the resales...might add on someday soon.

I noticed the higher number of Vero resales too...How close do you think Vero is to selling out?

Renee

 

[Richyams]

Have you ever reserved ten nights during the begining of December in a BWV standard view anything at seven months?

DVC sales staff says this is no problem.

Have you reserved a full week in a GV at OKW anytime from the middle of October thru the first two weeks of December?

DVC sales staff says this is no problem.

Have you ever reserved any BWV room during the first two weeks of December?

DVC sales staff says this is no problem.

While there may be the rare case of someone getting one of these reservations at seven months, to say that the seven month window is no concern is a bold-faced LIE. To say that any of these reservations are easy at seven months is a complete misrepresentation, these claims are fraudulant. I feel very comfortable saying that DVC sales staff is guilty of something criminal when they make these false representations.

 

[Johnnie Fedora]

For the onsite properties, it still boils down to whether you are interested in staying only at a particular resort or at any available resort. With a few exceptions, you can almost always find availability at "a" DVC resort at the 7 month window. We have used the 7 month window to switch points from a previous 11 month ressie and "trade" some stray HH points for BCV or VWL points. Our last 4 trips were booked in the 2 week - 5 month window. Most trips we got exactly what we wanted. Even if you own onsite, you still not going to get BWV in early December, unless you own there.

 

[Richyams]

So, even though the first two weeks of December are impossible, do you still think the DVC sales pitch: "The seven month window is meaningless, you can stay wherever you want" is true?

How about an OKW GV any time from the middle of October thru the first two weeks of Dec?

How about a Standard view at BWV most of the year?

We will have examples of each of these reservations being obtained during the seven month window, these are rare exceptions. I mantain that the difficulty of these, and I am sure there are more, the difficulty of these reservations makes the statement about the seven month window being meaningless, a lie.

I think its worse than a simple lie. I believe they are guilty of a criminal act when they represent the seven month window as meaningless.

 

[PamOKW]

I think its worse than a simple lie. I believe they are guilty of a criminal act when they represent the seven month window as meaningless.

Without debating the wording of what has been "told" to potential buyers by sales reps, everyone is given a written contract that clearly states that reservations are subject to availability. No promise is made to anyone that they are guaranteed particular accomodations or times of the year. In fact, we aren't even guaranteed this 3 month window. All DVC promises is at least a 1 month home resort advantage. If they go to this in the future, home resort will have very little bearing for the majority of DVC'ers.

Yes, there are difficult times and accomodations to book. However, many people are quite successful getting their trips, even last minute trips. We see examples all the time.

As DVC continues to grow, there is a bigger and bigger pool of folks trying to book reservations at 7 months out but there are also more options available. BWV may not be available at 7 months out in December but BCV availability is now an excellent alternative.

 

[Richyams]

I agree completely.

But that still doesn't change the fact that saying "The seven month window is not a concern, since most reservations are made six month out, the seven month window is not a concern." is a lie.

This part of the statement. "Since most reservations are made six months out" may in fact be true, but it is used in a purposely deceptional way. They are using it to negate the issue of availability. I think that this deception can easily be construed as fraud or some other criminal term.

I also think that many people bought at VB because they planned to stay there often, or were in a financial position where the upfront savings outweighed the extra dues and dealing with the seven month window.....I also think that many people were fooled into buying there, they had the wrong impression that the seven month window didn't matter(where did they get that idea?) and now that the dues have gone up, it is no longer worth dealing with the seven month window and paying the highest dues of any DVC resort......I think the latter is a big reason, along with many of the other reasons stated, long time in 'for sale' inventory, in particular, that we have so many VB resales.