Which would you do buying resale or through disney?

[OneMoreTry]

With so many DVC resort options (we love HH too), the difference in price, the fact we love WDW so much, and the poor value for using points outside DVC in most cases -- we would / will go resale.

Because we always use 2 BR, the cost difference will be huge. If we can afford a cruise, we would probably use Royal Caribbean anyway. i have never heard of anyone being disappointed on Royal Caribbean

 

[Ltl Mermaid]

Hi, sorry to dredge up this old thread, but I have some questions.

After reading this I think that resale is the best option for me. I guess what I want to know is “where” the best places are to buy resale, “who” finances this, and what do some of the specifics you all are talking about mean?

Specifically, many of you have mentioned use year, bad contracts, etc.

What do you really look for in a contract, use year, etc. Also, if you end up buying resale do you still get to book that home resort 11 months in advance? Are you still able to get DVC member benefits (the newsletter, lounge at the BLT)?

And most importantly, where can I find a list of resale options from a reputable source???

Thanks so much, my brain is so twisted with this info that I think it is doing backflips! I appreciate the help!

 

[Ltl Mermaid]

Also, I heard that it is a bad idea to buy resale if you are going to finance..Why is that??

I also notice that there are lots of terms on the ROFR thread, regarding who pays closing costs and maintenance fees. Are these maintenance fees the "dues" that the DVC sales people talk about. If those are being split does that mean the buyer and seller split the costs for the remainder of the contract?

Thanks again!!!

 

[BlackRock]

Sometimes you can get a better deal through resale.

Blackrock

 

[chalee94]

After reading this I think that resale is the best option for me. I guess what I want to know is “where” the best places are to buy resale?

the timeshare store - linked above - is a great option. fidelity/gmac sometimes has better prices, but you may wind up entangled in foreclosure proceedings and other hassles as they don't seem to manage the process as well as the timeshare store.

you may want to use google to find others.

What do you really look for in a contract, use year, etc. Also, if you end up buying resale do you still get to book that home resort 11 months in advance? Are you still able to get DVC member benefits (the newsletter, lounge at the BLT)?

you ideally want a use year that is right before you travel. if you travel in october - december mostly, then an oct UY is a great choice.

you ideally want a use year where you never travel in the last 3 months of the use year. if you never want to go to wdw in the summer - july, august, september - then october is a great UY.

use year month only matters if you have to cancel. you can call to book your home resort at 11 months out, regardless of use year and regardless of whether you bought resale.

you get all member benefits with a resale except the ability to trade for cruises and disney hotels like the poly, which are usually not a good deal anyway.

Also, I heard that it is a bad idea to buy resale if you are going to finance..Why is that??

i answered this over here.

I also notice that there are lots of terms on the ROFR thread, regarding who pays closing costs and maintenance fees. Are these maintenance fees the "dues" that the DVC sales people talk about. If those are being split does that mean the buyer and seller split the costs for the remainder of the contract?

maintenance fees = annual dues, yes. same thing.

they would NOT be splitting costs for the remainder of the contract - that would be 30+ years - only for that single year.

remember that this is a long term real estate lease contract that you are considering spending thousands of dollars on. take your time. learn to use the search feature and google to do more research. scan through different threads to get an idea of what current owners consider positive or negative about DVC and whether that would apply to you. it's a big commitment...

 

[chalee94]

if you buy a resale and stay at the BLT, you would currently have access to the lounge at the BLT - but that access can be taken away at any time whether you buy resale or direct.

 

[Ltl Mermaid]

Thank you for your responses. I am definitely going to do a lot of esearch before I buy. We are ideally planning on buying resale sometime between Dec and Feb, so we can take the time to find the right contract for us.

We are trying to decide between BLT, BCV, and BWV. We love all 3 so it is a tough choice.

I travel to WDW about once a year and highly prefer to stay in Deluxe Resorts. Based on the price I definitely think DVC is a good option for me, particularly resale. I hope to be able to put about 1/2 of the money down and fianance the rest. Which is why we are waiting to buy, so we can save up the money!

Thanks for all the advice

 

[juncker]

Thank you for your responses. I am definitely going to do a lot of esearch before I buy. We are ideally planning on buying resale sometime between Dec and Feb, so we can take the time to find the right contract for us.

We are trying to decide between BLT, BCV, and BWV. We love all 3 so it is a tough choice.

I travel to WDW about once a year and highly prefer to stay in Deluxe Resorts. Based on the price I definitely think DVC is a good option for me, particularly resale. I hope to be able to put about 1/2 of the money down and fianance the rest. Which is why we are waiting to buy, so we can save up the money!

Thanks for all the advice

Any of these 3 resorts would be a good choice. We went resale and I'm convinced that the money you save is worth it. It's a lot of work, but worth it for the money. Figure out in your mind what the perfect contract would be and search for that. It gives you something to compare to in deciding if a contract is right for you. Find one that is loaded with banked points and you can start with a big trip. That is what we did and got huge value out of our DVC right away. Good Luck!

 

[JLS]

I would definitely buy resale! I suspect that most DVC owners do not and never will use the perks that were taken away by DVD for the resale purchasers, so you are losing nothing. Even if you did use those perks or wanted to, they are of limited financial benefit. You are better off financially renting your points and paying direct for those CC or cruise bookings.

I also think that the point costs have gotten out of control on BLT and Aulani direct, and the resale prices are much more in line with what is appropriate pricing for the product. Just my opinion, of course. We would not buy into DVC at the current direct prices.

It remains to be seen how much availability Aulani and BLT eventually will have at the 7 month window, but assuming there is some availability and you can get a reservation, imagine using your $60 resale points to stay there knowing that most of the people staying there paid more than $100 per point. If those properties are so popular that there are very few resales and nearly no availability at 7 months, then the people who bought direct there and love it probably made a good decision. But I don't believe that is how it will play out. For Aulani in particular, I question whether owners will be able to afford the plane tickets to Hawaii every year, so I think we will see reasonable availability there eventually.

 

[Marykw]

Can someone spell out or direct me to what benefits someone buying resale do not have access too.

 

[P-elmo]

Can someone spell out or direct me to what benefits someone buying resale do not have access too.

If you buy direct, you can use points for cruises or over 500 other places. You cannot if you buy resale. Those who have crunched numbers generally say these options are horrendously overpriced (i.e., cost too many points for the value you are getting) anyway, so they would advise you that it isn't a big loss.

You can still use your points to book at any Dvc resort at dw, dl, vero beach, Hilton head, or HI.

 

[gray52]

I would definitely buy resale! I suspect that most DVC owners do not and never will use the perks that were taken away by DVD for the resale purchasers, so you are losing nothing. Even if you did use those perks or wanted to, they are of limited financial benefit.

What? There are other perks?
The only perk i need and will probably ever use is the ability to vacation at WDW each year... well, maybe to use other resorts at the 7-month window, but even that one could be taken from me and i'd not bat and eye. My opinion is it's crazy-talk to buy direct. I'd buy more points resale in a second if we chose to add-on (and wouldn't use anyone but TTS)... however, DW and I decided an OBX timeshare was our next vacation purchase, so the DVC add-on will have to wait another year or so.

And i think when they refer to a "bad contract" it means the contract is "stripped" of it's points for the most current year, and in some cases, the next year as well. Personally, I'd never buy a resale that didn't have the most recent years points available to use now... and I'd probably hold out for a "loaded" contract, which is one with at least some of last years points "banked" and this years points available.
It's a buyers market... if you're a buyer, use that to your advantage.

 

[gray52]

Also, I heard that it is a bad idea to buy resale if you are going to finance..Why is that?
Thanks again!!!

Personally, I think it's a bad idea to purchase resale or direct if your going to finance. Finance cars and houses? Sure. Finance your hotel stays for the next 30+ years... probably not. Just my opinion.

 

[gatch1818]

Personally, I think it's a bad idea to purchase resale or direct if your going to finance. Finance cars and houses? Sure. Finance your hotel stays for the next 30+ years... probably not. Just my opinion.

"Personally".... hmm.. there always seems to be quite a few members who want to tell everyone not to buy if your going to finance? Im a newbie who has been back and forth for years on this board looking at Q&A's. I financed some of my BCV purchase direct, my choice right? I sat down and calculated every penny, added up what I spent over the past on disney vacations. We average about two trips per year (6 grand kids), so I decided, even with financing that I would spend about the same per year on rooms, if not less. Bottom line.. nobody on these boards can tell another person if he/she can afford DVC, thats not their job to figure out. If financing is the only option you have and you think it will work for you.. great, I wish you the best! Just because some of us can not pay cash for DVC doesnt mean we cant be part of the magic. My only "positive advise".. think smart, not big, start with a smaller contract if you have to and maybe add-on over the years?

 

[gray52]

"Personally".... hmm.. there always seems to be quite a few members who want to tell everyone not to buy if your going to finance?

I don't want to tell anyone what to do with their money... that's why i started my statement with "personally" and ended it with "just my opinion". There's been at least one thread on here that breaks down the cost of financing DVC vs paying cash for DVC vs paying cash for your Disney trip and investing your money... and gaining interest on your money rather than paying it wins out every time. Some get caught up in the whole "owning a piece of the magic" and never realize that DVC IS a timeshare (although they do it better than any other, in my opinion)... DVC is pre-paying for your hotel for "X" number of years. There are some perks... but they typically require you to spend more money (annual pass discounts, meal discounts, etc...).

Bottom line.. nobody on these boards can tell another person if he/she can afford DVC, thats not their job to figure out.

My post had nothing to do with affordability.

My only "positive advise".. think smart, not big, start with a smaller contract if you have to and maybe add-on over the years?

I'll second that. We started with a 100-pt contract.

 

[Sandisw]

Thank you for your responses. I am definitely going to do a lot of esearch before I buy. We are ideally planning on buying resale sometime between Dec and Feb, so we can take the time to find the right contract for us.

We are trying to decide between BLT, BCV, and BWV. We love all 3 so it is a tough choice.

I travel to WDW about once a year and highly prefer to stay in Deluxe Resorts. Based on the price I definitely think DVC is a good option for me, particularly resale. I hope to be able to put about 1/2 of the money down and fianance the rest. Which is why we are waiting to buy, so we can save up the money!

Thanks for all the advice

We own at BLT, which was bought direct, and now are in the process of buying at BWV through the resale market.

Owning at one resort over the other gives you the chance to secure certain rooms easier than others.

At BWV, owning there will allow you a better chance to get SV and BW view rooms. At BLT, getting SV rooms is very difficult if you don't own there and MK view rooms are hard as well.

However, at both these resorts, their are options that should allow you to get in at the 7 month mark.

At BCV, the rooms are all the same type so the advantage to owning there, IMO, is being able to book when it is a small resort.

Given the price difference, however, I might start with a smaller contract at BWV and then add on later if you find you want to own at one of the others.

We are in ROFR with our BWV contract and will be paying $55/pt (provided we pass). BLT will cost you more, in the 90's, but you will get lower MF's and a longer contract. But, the savings up front, especially if you have to finance some of it for BWV might be a good choice as a beginning starting point.

Good luck!

 

[Vincent Vega]

I have just read somebody here in the board that has bought a BWV contract direct from Disney some days ago. I thought this was already sold out... Can you still ask for BWV to your DVC rep? Any idea of the current prices?

 

[disneynutz]

I have just read somebody here in the board that has bought a BWV contract direct from Disney some days ago. I thought this was already sold out... Can you still ask for BWV to your DVC rep? Any idea of the current prices?

Disney gets sold out inventory due to foreclosures and walk aways. I don't remember what the prices are but they are a lot more than resale!

Bill

 

[DVCconvert]

I have just read somebody here in the board that has bought a BWV contract direct from Disney some days ago. I thought this was already sold out... Can you still ask for BWV to your DVC rep? Any idea of the current prices?

Just because a resort is "sold out" doesn't mean DVC doesn't have some inventory to sell. Many of these contracts come back to DVC due to buyer failing to pay or just walking away from their debt.

Currently, if DVC has BWV inventory the price for a new member is:
$115 base price per point with 160 min point purchase.
As an add-on for an existing member:
It's the same base price per point with only a 25 point min purchase.

HTH

 

[marox3]

If you buy direct, you can use points for cruises or over 500 other places. You cannot if you buy resale. Those who have crunched numbers generally say these options are horrendously overpriced (i.e., cost too many points for the value you are getting) anyway, so they would advise you that it isn't a big loss.

You can still use your points to book at any Dvc resort at dw, dl, vero beach, Hilton head, or HI.

I'm concerned about the comment... you cannot use points on cruises and other places if you buy resale.

Is this a true comment? Does Disney know if you purchased resale vs direct?

I'm still trying to decide which option is the best for our 1st purchase.

This is a fabulous thread!....