want to sell BCV and buy BLT

[AUTigerFan]

Okay, here are my plans. We've got 100 point and 50 point BCV contracts, both March use year. We are happy with the 150 points, but are thinking of changing resorts to BLT. The reasons are the longer life of BLT points and the diminishing value of the BCV points over time. We are staying at BLT in September to make sure we like it enough to buy. Anyway, here's the plan: Buy a 100 point BLT add-on, sell the 100 point BCV contract. Then buy a 50-100 point BLT add-on and sell the 50 BCV contract. I figure with the small BCV contracts selling for $90/point, minus commissions, I can do this with approx. $20-$25 out of pocket for the BLT points.
Questions:
What is minimum add-on a BLT?
What is minimum amount of points to finance? We may finance the initial add-on and then pay it off when the BCV sells.
Am I over-worrying about the BCV value going down in the next 5-10 years?
Do I have 1-2 years left before BLT sells out?

Any other critiques would be welcome.

Thanks!

 

[Disney_Villain]

1. What is minimum add-on a BLT?
2. What is minimum amount of points to finance?
3. Do I have 1-2 years left before BLT sells out?

1. 25 points
2. 50 points (add-ons only)
3. DVC Mike's guide - and our guide - have stated that BLT is likely to sell out in 1 month or so.

As for "longer life of BLT points and the diminishing value of the BCV points over time", you can also add far lower annual dues to that list.

 

[RweTHEREyet]

I wouldn't count on the Guides statement of selling out in a month or so having any truth to it at all.

 

[Cricket2]

Am I over-worrying about the BCV value going down in the next 5-10 years?

The only value I would be thinking about is the value you get out of using it. That may go up or down over the years, but it is different for each person and only you can determine what that value is. I would not ever think of it as an investment.

 

[StevesBLT]

My guide--who has always been "straight" with me and has never applied any pressure--told me last week that BLT is "approaching" being 40% sold-out. If that statement is true, then there is still quite a bit of time left before BLT sells out.

 

[slimplaw]

We added 100 points at BLT just yesterday. Incentives are expected to change on Monday, June 15. We had a choice of $98 per point and no cruise incentive or $104 per point with the cruise incentive. The cruise was for a 2010 sailing date for 4 people. It is a 3 night cruise.
I had received an email about the incentive change on June 15, so we went ahead and did the add on.

 

[dd08]

1. 
   
   As for "longer life of BLT points and the diminishing value of the BCV points over time", you can also add far lower annual dues to that list.

1. 
   
   Per point yes, but if the OP decides they need to buy "extra" points than what they have now in order to have the same lengths of stay at BLT (with a Lake or MK view) as what they were experiencing at BCV then their total bill for dues probably won't be "far lower"
   
   Not trying to flame, just something the OP needs to keep in mind.

 

[logan115]

Per point yes, but if the OP decides they need to buy "extra" points than what they have now in order to have the same lengths of stay at BLT (with a Lake or MK view) as what they were experiencing at BCV then their total bill for dues probably won't be "far lower"

Not trying to flame, just something the OP needs to keep in mind.

Great point, 150 pts at BCV goes a lot farther than 150 pts at BLT. Not saying it isn't worth it (hiding from the flamethrowers), just need to keep the "point inflation" in mind. 150 pts with MFs of $5/pt = $750/yr in MFs. If you need 200 pts at BLT for the same trip, andthe MFs there are $3.70 your paying $740/yr in MFs.

Again, not saying which is better or whether it's worth it or not, just something that you need to think about when factoring in the total cost of a stay.

Chris

 

[dd08]

Great point, 150 pts at BCV goes a lot farther than 150 pts at BLT. Not saying it isn't worth it (hiding from the flamethrowers), just need to keep the "point inflation" in mind. 150 pts with MFs of $5/pt = $750/yr in MFs. If you need 200 pts at BLT for the same trip, andthe MFs there are $3.70 your paying $740/yr in MFs.

Again, not saying which is better or whether it's worth it or not, just something that you need to think about when factoring in the total cost of a stay.

Chris

Nice breakdown on the math.

Again, I agree with you, I'm not trying to say which is better, worth it or not, etc as that is something only the OP can decide for themselves.

 

[CarolMN]

.....(snip)....3. DVC Mike's guide - and our guide - have stated that BLT is likely to sell out in 1 month or so..

That's just not possible unless Orange County is way behind in posting things to their website.

The Developer has no where near 100% of the resort declared into the condominium. More like 1/3 to 1/2. I think it is closer to 1/3 than to 1/2.

They have to declare units into the condominium before they can sell the points associated with them. If they were really 1 month from selling out, there would be around 95% declared.

 

[Pirate Jack]

That's just not possible unless Orange County is way behind in posting things to their website.

The Developer has no where near 100% of the resort declared into the condominium. More like 1/3 to 1/2. I think it is closer to 1/3 than to 1/2.

They have to declare units into the condominium before they can sell the points associated with them. If they were really 1 month from selling out, there would be around 95% declared.

They are not far behind at all! We closed on 6/1/09 and it is recorded on the website already. It seems as though there is very little lag time in the recording.

Also, even though BLT is selling better than the other resorts (according to some) there was some reason that they were pushing that resort on the webcast last night!

 

[mommylo]

They are not far behind at all! We closed on 6/1/09 and it is recorded on the website already. It seems as though there is very little lag time in the recording.

I am just curious, which website will have this information? Please post link.
Thanks.

 

[disneynutz]

That's just not possible unless Orange County is way behind in posting things to their website.

The Developer has no where near 100% of the resort declared into the condominium. More like 1/3 to 1/2. I think it is closer to 1/3 than to 1/2.

They have to declare units into the condominium before they can sell the points associated with them. If they were really 1 month from selling out, there would be around 95% declared.

I just had a thought.

What if DVD doesn't intend to declare all of the resort. What if they intend to keep 50% for cash Guests and not sell them. Is there any legal requirement that says when and if the units are added to the sales inventory?

 

[Pirate Jack]

I am just curious, which website will have this information? Please post link.
Thanks.

here is the link http://or.occompt.com/recorder/web/splash.jsp

 

[mommylo]

here is the link http://or.occompt.com/recorder/web/splash.jsp

Thanks very much. Found my purchases from 2007. Didn't know this site exist!!

 

[CarolMN]

I just had a thought.

What if DVD doesn't intend to declare all of the resort. What if they intend to keep 50% for cash Guests and not sell them. Is there any legal requirement that says when and if the units are added to the sales inventory?

The only requirement I know of is that they have to declare units into the condominium before they can sell the points associated with them. I don't know of any requirement that says the whole resort has to be part of the DVC.

I suppose Disney could be keeping 50% of the resort for itself. Wouldn't that be an interesting arrangement, LOL.

 

[5forDiz]

I just had a thought.

What if DVD doesn't intend to declare all of the resort. What if they intend to keep 50% for cash Guests and not sell them. Is there any legal requirement that says when and if the units are added to the sales inventory?

interesting question you've raised ....

especially given statements being made by guides re sellout happening within couple of months.

I don't get the webcast either - seems like there's a piece of this BLT puzzle that's just not fitting or missing altogether

 

[anna08]

I think the only way that BLT would be about to sell out is if they DID intend to keep a large percentage for CRO. I am being really simplistic by looking at the fact that in the webcast they are still selling primarily a FEB UY. That should be the first one to sell out if most new purchasers take what they are given and don't know to ask for a different UY. Now, based on what the CRO rates are for BLT currently, if they are reserving like crazy (and I would think they have some idea about this already), they will make tons of money if they 'keep' a chunk for CRO.

 

[logan115]

I wouldn't count on the Guides statement of selling out in a month or so having any truth to it at all.

Agree - if it's selling so well why does the price keep dropping ?

 

[Brownie54]

Gee, it just can't be that a guide would lie in order to try to make a sale.