This.If you see a price where you feel your life would be better with the cash than with the contract, sell.
What made you sell BWV to buy Riviera instead?I sold two of my BWV contracts and even after commission, made over $50/point. Of course, the reason was to buy RIV points...both direct and resale. But, I agree...selling makes sense if you really don't see it as being something you would use enough to justify the MF's you are paying and that those fees alone would cover the cost of staying on trips you would use the points from DVC to cover.
A reminder to everyone, please do not mention resorts when you discussing selling. Those can be seen as a For Sale post which are not allowed!
I bought resale a while ago and the prices for my specifc resort are currently quite a bit higher then when I bought. What would be the spread you would look for before you sell? If you would ever sell at all.
What made you sell BWV to buy Riviera instead?
Thank youI fell in love with RIV to start, but we were buying with our adult children and because of that, felt that the extra years…28…was a huge advantag to us.
Fortunately, I had paid $52 and $55/point for BWV in 2012 so and made a great profit (netted over $50/pt after all selling fees) that helped offset the new cost, which made the dexcision easier,
Also, for several trips, I began having trouble with getting SV studios for travel, ended up with pool view anyway so the savings and chart of BWV wasn’t as great as it was when we bought.
We knew, in the end, that RIV would meet our needs and owning gave us a great shot at SV rooms…which were similar in price to pool view at BWV..not to mention the larger size of srudios with the split bath.
We also had tons of SSR for SAP and knew that getting into BWV when anyone want to stay there wouod probably be doable at 7 months.
As long as I'm using my DVC points every year then there's no sense in selling. If I ever get to the point where I don't use the points then I'd sell regardless of how the points may have appreciated since I bought in.What would be the spread you would look for before you sell? If you would ever sell at all.
This right here, 100%.The point of timeshare is to use it for vacations. If I'm still using it to take vacations, and I am getting good "value" out of those vacations, then I don't see a need to sell it. If I am ready to stop taking those vacations, or would prefer to vacation elsewhere, then maybe it is time to sell.
If I wanted an investment, I'd buy a low-fee index fund.