Want to buy CVV - but have some questions. Thank you in advance.

[harbourxie]

FYI - Just give my info to my guide and if the week is still available, I will be an official fixed week owner at DVC CCV in a very near future! Thanks for everyone's input and I really appreciate it.

 

[_auroraborealis_]

If the week is not available, I would worry a lot in buying and wanting a studio. DVC can sell up to 35% of any specific Use Day for any specific Vacation Home type. Which means they can sell 35% of the studios for that week as guaranteed, AND 35% of 2BRs, AND 35% of 1BRs, as it reads right now.

 

[wnielsen1]

If the week is not available, I would worry a lot in buying and wanting a studio. DVC can sell up to 35% of any specific Use Day for any specific Vacation Home type. Which means they can sell 35% of the studios for that week as guaranteed, AND 35% of 2BRs, AND 35% of 1BRs, as it reads right now.

Per DVC News, only 12 guaranteed weeks total have been sold at CCV through 1/31/18.

 

[_auroraborealis_]

Per DVC News, only 12 guaranteed weeks total have been sold at CCV through 1/31/18.

They may not be able to sell more until more units are declared.

 

[wnielsen1]

They may not be able to sell more until more units are declared.

12 weeks total across the entire year, not 12 weeks at Thanksgiving. 0.22% of the total points of the resort. It will be available.

 

[harbourxie]

12 weeks total across the entire year, not 12 weeks at Thanksgiving. 0.22% of the total points of the resort. It will be available.

Thanksgiving week would be either week #46 or #47. In the next 50 years, 38 will be in #47 and that is what I picked for my fixed week and it is available for me. Now I am an owner with pending paper work.

BTW, the total points need for that fixed week is only 118, only 2 points more than the standard 116 without the guaranteed feature.

 

[_auroraborealis_]

12 weeks total across the entire year, not 12 weeks at Thanksgiving. 0.22% of the total points of the resort. It will be available.

My understanding is that they cannot sell more than is declared, and for a time they were telling people week 48 was "sold out" for studios until another declaration. My understanding is also that most of the fixed weeks are weeks 47-52.

 

[KAT4DISNEY]

Thanksgiving week would be either week #46 or #47. In the next 50 years, 38 will be in #47 and that is what I picked for my fixed week and it is available for me. Now I am an owner with pending paper work.

BTW, the total points need for that fixed week is only 118, only 2 points more than the standard 116 without the guaranteed feature.

Congratulations on the purchase!

I'm uncertain of your comparison though with the 118 vs 116? For 2018 the Week 47 point requirement is 107 points. The week of Thanksgiving this year does require 116 but that is actually week 46. Did you tell your guide that you want to cancel the week 47 and book the week of Thanksgiving and make certain there is availability?

 

[harbourxie]

My understanding is that they cannot sell more than is declared, and for a time they were telling people week 48 was "sold out" for studios until another declaration. My understanding is also that most of the fixed weeks are weeks 47-52.

Btw my guide did tell me the 48 week is also available

 

[CarolynFH]

....Now I am an owner with pending paper work....

Welcome Home!

 

[harbourxie]

Congratulations on the purchase!

I'm uncertain of your comparison though with the 118 vs 116? For 2018 the Week 47 point requirement is 107 points. The week of Thanksgiving this year does require 116 but that is actually week 46. Did you tell your guide that you want to cancel the week 47 and book the week of Thanksgiving and make certain there is availability?

If you check in Sunday and check out Sunday, the Thanksgiving week this year should be 116.

 

[KAT4DISNEY]

If you check in Sunday and check out Sunday, the Thanksgiving week this year should be 116.

Yes, I noted that but just pointing out, for others reading I guess, that the premium was higher than 2 points for the week you purchased since this year that week begins the Sunday after Thanksgiving. That's where the average of points requirements over the length of the contract comes in to the calculations.

 

[STA]

That is definitely a great choice! Gives so much piece of mind to lock in a week which 60%+ of the time gets Thanksgiving booked without lifting a finger or breaking a sweat. On the years week 47 doesn’t work, you can always try for TG the old fashioned way

 

[thelionqueen]

Thanksgiving week would be either week #46 or #47. In the next 50 years, 38 will be in #47 and that is what I picked for my fixed week and it is available for me. Now I am an owner with pending paper work.

BTW, the total points need for that fixed week is only 118, only 2 points more than the standard 116 without the guaranteed feature.

Excellent thread and thanks for the follow up. Oh and congratulations!!

 

[thelionqueen]

I thought I’d add that I think CCV will be more popular for Thanksgiving week. Like BRV is popular (and most others) for the first 2 weeks of December. I predict tgiving week will sell out at CCV first. Our guide mentioned having tgiving dinner in a cabin on our tour and our thoughts stuck on that notion. Just my baseless opinion

 

[Deb & Bill]

BRV is around $110 per point in the resale market but only has 25 year left; CCV is at $182 now with 50 year left. From $ per point per year perspective, I don't think buying BRV resale makes financial sense. Not to mention other factors like ROFR, time to close, etc.

Just a hint. In 1997 when we bought our first points, the dues at OKW were $3.14 a point. Today they are $6.72 (I think that is what they are). So more than doubled in twenty years. If you are looking at only 25 years, you can almost plan on the dues more than doubling during that time. Your dues at CCR are over $7 a point to start. Will $14 a point be a problem in 20 years?

 

[wnielsen1]

Just a hint. In 1997 when we bought our first points, the dues at OKW were $3.14 a point. Today they are $6.72 (I think that is what they are). So more than doubled in twenty years. If you are looking at only 25 years, you can almost plan on the dues more than doubling during that time. Your dues at CCR are over $7 a point to start. Will $14 a point be a problem in 20 years?

It sounds bad, yet those increases project out to an average increase of 3.6% a year. So I guess the question is, will someone's income rise by a corresponding amount? If so, then it's probably not a problem.