what percentage sells their ownership?

[crisi]

I haven't found a bus driver who can confirm this.

 

[ziravan]

It's like owning a home, "Welcome Home!"

Most people do not live in the same house their whole lives. Things change, number of kids, divorce, death, economic status, etc. etc.

And that's for a necessity - a roof over your head.

DVC has the same pressures, except it's a luxury. Now add in those who just grow tired of Disney after years of exposure.

This is why the RTU for BCV didn't concern me when I bought. And it's the same reason I'm in the middle of closing on an investment townhome built in 1976. I looked out at the horizon of my potential use (25 yrs at BCV and 40 years for investment ROI) and the age (remaining lifespan) of neither greatly concerned me. (In both cases, location location location is what sealed the deal for me.)

The real question is this: are people selling because they discovered they bought a lemon? I think the resale market substantially disproves that.

People sell because life happens. The reasons are so individual to the owner that the trend means nothing.

 

[JimMIA]

I haven't found a bus driver who can confirm this.

For those of you who are relatively new, Bill is talking about the only definitive proof for answers about any Disney question.

 

[Dean]

I would suggest that other than idle curiosity it really doesn't matter. I think there are several components one should consider before buying. First, I don't think it's a reasonable choice to buy in expecting to sell later. I do believe one needs to consider their personal situation and what are the risks that life events will happen that might cause them to sell later. It should be a consideration on the contract and home resort purchased i.e. you'll lose more money on a resale purchase than a retail purchase. I don't think multiple smaller contracts is reasonable for this purpose but once you get to around 200 it does start to be a consideration.

 

[djohn06]

Orlando Sentinel quoted DVC as having 200,000 members in Dec of 2015. They also said forclosure were about 920 ish a year down from 1400 during the recession years. Sharket appear to have about 3100 DVC units moved in 2015. Based on those two numbers I will say 4,000 members sell yearly. DVC owners have 8 of the top 10 selling resale timeshares in the industry. That's about 2 percent yearly selling. I think someone said earlier that a sales rep said half are resale owners the other half are direct owners. This would support that theory.

 

[Dean]

Orlando Sentinel quoted DVC as having 200,000 members in Dec of 2015. They also said forclosure were about 920 ish a year down from 1400 during the recession years. Sharket appear to have about 3100 DVC units moved in 2015. Based on those two numbers I will say 4,000 members sell yearly. DVC owners have 8 of the top 10 selling resale timeshares in the industry. That's about 2 percent yearly selling. I think someone said earlier that a sales rep said half are resale owners the other half are direct owners. This would support that theory.

The 2015 audit should be available soon. I don't have the 2014 audit handy but the number of "member families" listed in the BVTC audit for 2013 was 195K, I presume this is the same as the number of master contracts. They can also list the number of "members" and I've seen numbers over 350K in the past which is likely related to the number of names on the book.

 

[bakerworld]

We joined DVC after our kids were grown. We were in the market for a timeshare and had been thru many so we knew how to work the time frame to walk away with the freebie but we were searching. We'd resisted DVC because we associated it with the Parks.

 

[docsoliday1]

We won't sell. We bought just the right amount of points for what we want, one full week in a two bedroom. We don't burn out as that is the only Disney trip we make. We go and see other areas of the country for other vacations.

It depends on the family. We have been going since our child was 2 and still going and no burnout on the annual trip.

We have gone just about every year and sometimes twice in a year. We don't have a TON of points (160), but I just fit in what we can and bank the other points or borrow from the next year if needed and then skip a year. Since we have family about 45 minutes away, if we don't stay a full week (usually S-Th), we have time to visit with them as well. We don't have to go every year, so if a year is skipped, then we'll just simply vacation somewhere else that year...no biggy. I'm waffling on the idea of adding points via resale to get a different home resort option. On one hand, since most of our kids are grown, we may be able to just get a 1 BR or a studio and won't need more points. On the other hand, if we wanted to get a bigger place to allow kids and grandkids, then we'll need more points. For me/us, it's really a decision of will we want more points EVERY year or will it just be sometimes. If we do get more points and decide we don't use them, then either renting or transferring them is always a viable option. Obviously vacation needs/wants/patterns can change, but since there likely will always be (unless the global economy goes really haywire) a demand, I still think it's one of the best values as far as timeshares go.

 

[JimC]

Good article in Timesharing Today regarding resales featuring Disney. The article is a summary of data available from Sharket.com.

 

[rmcildw2m]

Looking at all the posts for resales, I was curious if anyone knew or has a a good estimation of how many owners eventually sell.

I think most everyone will sell as time goes by , I have bought and sold 4 different contracts to date and still own 2 at okw .

 

[DVC Doctor]

I think most everyone will sell as time goes by , I have bought and sold 4 different contracts to date and still own 2 at okw .

If only 2% of total members sell each year, I think MANY DVC members are in it for the long haul and will hold it until the end of the RUT (if they are alive)

 

[Dean]

If only 2% of total members sell each year, I think MANY DVC members are in it for the long haul and will hold it until the end of the RUT (if they are alive)

People sell for all types of reasons. Some will have to sell but not want to. Of those who voluntarily sell will include those who no longer are able or enjoy going. But a significant portion of the contracts that are bought and sold will be the same ones.

 

[pmaurer74]

I think when the end of the contract is coming for the 2042 properties in about 10-15 years, I assume most will be holding out to the end at that point? I would think the market for a contract with 2-5 years left would be tough to sell. I am hoping for an extension at some point but I have wondered what DVC will do with suddenly 4 properties available at 2042? That is a lot of people not going to the parks or eating in the restaurants.

 

[DVC Doctor]

I think when the end of the contract is coming for the 2042 properties in about 10-15 years, I assume most will be holding out to the end at that point? I would think the market for a contract with 2-5 years left would be tough to sell. I am hoping for an extension at some point but I have wondered what DVC will do with suddenly 4 properties available at 2042? That is a lot of people not going to the parks or eating in the restaurants.

2042-2016=26

That is 26 years away....we may not even be alive then.

 

[pmaurer74]

2042-2016=26

That is 26 years away....we may not even be alive then.

What I mean is that in 10-15 years it likely would not be worth selling the contracts since they would have only a few years left. But yes, there is a potential that we will not be alive in 26 years. I will be 68 so I hope so!

 

[CarolMN]

What I mean is that in 10-15 years it likely would not be worth selling the contracts since they would have only a few years left. But yes, there is a potential that we will not be alive in 26 years. I will be 68 so I hope so!

IMO, there will still be value - if the DVC contract still provides a savings over Disney's cash prices, and I think it will. Even if there are only 2 or 3 years left, there may be some who would appreciate a shorter commitment. (Of course, the price of the contract would have to be appropriate). It would be like buying a TiW card. That is only good for a year, but depending on how it's used, can still provide a substantial savings.

 

[KAT4DISNEY]

I think when the end of the contract is coming for the 2042 properties in about 10-15 years, I assume most will be holding out to the end at that point? I would think the market for a contract with 2-5 years left would be tough to sell. I am hoping for an extension at some point but I have wondered what DVC will do with suddenly 4 properties available at 2042? That is a lot of people not going to the parks or eating in the restaurants.

If the owner is no longer using it there will likely still be value to it and reasons to sell. I tend to think that as long as the parks are still going and of interest there will be value of some amount.

 

[Dean]

IMO that DVC will be viable and have true $$$ value from a sales standpoint in 10-15 years is an assumption with some risk. Personally I think it's likely to work out but it's definitely not automatic. I think it's unlikely to have enough value to be able to sell for much the last few years, maybe 3-4 at least. The closing costs, uncertainty and lead time for reservations will guarantee this isn't likely to be easy or financially feasible.