Why Do Owners Sell?

[Phillip Moultrie]

I am considering purchasing a DVC package. Nervous about such an investment. Haven't found unhappy buyers. Why do people sell DVCs (other than obvious financial hardships, family deaths, divorce, etc.)? Are there owners who have been unhappy with DVC?

 

[sgtdisney]

Originally posted by Phillip Moultrie
Are there owners who have been unhappy with DVC?

You probably won't find many, if any of those here on this forum...

 

[Regina]

Unhappy about DVC??? Not me, we love it!

The only regret that most have is not buying sooner.

 

[Joeblack]

Just because they need the money or cannot travel to WDW at least once every other year.

 

[CherylH]

We had two contracts. We recently sold one due to general disillusionment with the DVC program.

The major problem is that it's becoming increasingly difficult to get into our home resort (Boardwalk) even at the 11 month window. I'm tired of having to call all the time to find out if anything has opened up, or calling each day to get a room, or being put on the waitlist and not knowing if our vacation plans are going to pan out. Besides, we've discovered that we get really great hotel rates with the annual pass that we purchase every year. Right now a 2BR at OKW is available for something like $289.00 per night with an AP! There are very few perks or meaningful discounts available through DVC. Yes, we were aware of this when we signed up, but I suppose we were hoping to see some improvements in the program. Of course, we do still have the other contract--I'm not willing to completely give up on DVC (LOL!)! There were/are a lot of little things in which we were disappointed, but overall it's a good program--just not what

Be aware that we are the exception. Most are very happy with their purchase--we aren't exactly unhappy--I guess we just decided we didn't really need such a big involvement.

 

[Dean]

You might contact Lisa P as she is a former DVC owner who also owns other timeshares. I'm sure she will respond to this thread as she frequents this board. To paraphrase, she loves DVC and simply made a financial decision.

 

[dvcdudes]

<P><FONT color=red size=3><STRONG><U>SELL????</U></STRONG></FONT><FONT color=black>  <FONT size=3>Not me.  </FONT></FONT></P>
<P><FONT size=3>I would think that some people have situations that come up, such as financial dificulties, illness, job changes, etc.</FONT></P>
<P><FONT size=3>I'm sure there are those <FONT color=mediumblue><STRONG><U>rare few </U></STRONG></FONT>that feel it is not for them but I would think that is a small percentage of the people who do sell.  </FONT></P>
<P><FONT size=3>I would not try and talk anyone into DVC.  I think if you want to buy in, you will know if it's for you.</FONT></P>

 

[Jimbo]

I'm not considering selling. But in our case, we've been members for 5 years. We've taken 2 vacations per year, most of them over a week in length. We've stayed in rooms of all sizes, including spectacular three bedroom accomodations at OKW and VB. Three of those years we received free park passes when we stayed at OKW. After all of those wonderful trips, I could easily sell my points for $3000 or more over what I paid for them.

Like I said, I'm not selling. But I can understand why someone would.

 

[Granny]

I would think there are tons of personal reasons why someone would sell. The financial is obvious...those annual dues keep coming if you're employed or not. I could see where someone might get caught up in the excitement and get in over their heads. People do this with all sorts of investments such as cars, houses, boats, etc.

Also, perhaps someone's job took them somewhere where it would be difficult to get to the East coast, even every two years with banked points.

Or.....a million other valid reasons.

The fact that Disney keeps selling out these vacation homes and building new ones should be some assurance that there is a healthy demand. And resale points carry all the same benefits as buying direct from Disney (except of course if the seller has borrowed points from the next year).

Good luck to you on your decision. Hope to Welcome you Home if you decide to join!


Granny

 

[Lisa P.]

Originally posted by Dean
To paraphrase, she loves DVC and simply made a financial decision.

Yep.

For our family of five on a budget (needing a 2-BR), it was just a bit too steep in price. We are happy with staying at very nice resorts offsite also, whereas a lot of DVC'ers may not be. When it later came to a financial crunch, we sold it. Still love the DVC resorts and we've even since traded into the DVC HHI in a quieter season via II.

For someone who believes they will really like it but who knows there's a fair possibility of selling, remember that when you sell, you will compete with the developer and most likely, pay a sales commission of at least $1,500. We bought with a 15% CM discount, since I worked p/t at TDS at the time. When we sold, we did it directly through the internet and used a Title Company. So we didn't pay a sales commission. We sold for $11 less than what we'd paid - good deal. Getting a larger number of points broken down into smaller contracts is wise, enabling you to sell only part of the membership, if you should need or want to later.

You're wise to consider all the angles. The person who said that there won't be many dissatisfied DVC'ers here was sure right! Not on a DVC bulletin board!

 

[Joeblack]

That's right. You won't find many disstisfied customers in these boards. If you want a more objective outlook, go to www.tug2.net (Timeshare Users Group). It rates the timeshares from all the world and gives opinions by all kind of users: owners and non.

Still, you will find that BWV is the #1 rated timeshare in the world and OKW is #5, with HH among the first 20 as well. Used wisely, you will pay off your investment in about 6-7 years, and from then on, you will still have about 35 more years of -almost free- use of top notch resorts. Unless you just cannot go every other year, it cannot be a bad deal.

 

[Dennis the WDW Menace]

The main reason we bought into DVC was because we enjoy vacationing at WDW and we do plan on going to WDW several times a year. We never tire of WDW and the same is true of the rest of the family. We are planning on selling about 200 points because of changes we have had in the family and 300 points are enough for us. Selling these points will release us from our current DVC loan obligations and we will still have enough points to go to WDW several times a year. We still love going to OKW and have never had any problems or dissappoints with the DVC concept.

 

[spiceycat]

some people brought when we got free tickets. this ended 12/31/1999. instead of giving us a 10% off the annual pass which many members wanted - WDW will only give us 10% off the LOS pass. (I won't buy it). Then because of members dissatificiation they came out with the the DVC pass - if I only wanted to be 5 days every year (4 of 5 years) this would be great - but we go more than that - also SW and UL both have very reasonable priced annual passes. I still think they should offer us 10% off the annual pass or the florida resident pass but WDW will not.

 

[sgtdisney]

Originally posted by spiceycat
some people brought when we got free tickets. this ended 12/31/1999. instead of giving us a 10% off the annual pass which many members wanted - WDW will only give us 10% off the LOS pass. (I won't buy it). Then because of members dissatificiation they came out with the the DVC pass - if I only wanted to be 5 days every year (4 of 5 years) this would be great - but we go more than that - also SW and UL both have very reasonable priced annual passes. I still think they should offer us 10% off the annual pass or the florida resident pass but WDW will not.

We became DVC members in 1992 and boy did we enjoy those free passes... With the slumping attendance at both the Theme Parks and the restaurants, perhaps we should start suggesting to Disney that they should give DVC members something similar to a Florida Resident's Discount program? Some money would be better than none, I would think. We are going to be in Orlando in September for 6 days at OKW, but we only plan on being in the parks for 2 or 3 days max because of the ticket situation. We will probably buy a 5 day pass and use part of it this trip and part of it next trip. That means, for us, Disney will have 3 or 4 days less chance of us buying food, drinks and gifts in the parks because we are going elsewhere those days. I realize that DVC doesn't owe us anything, but it would be in their best interest to keep the DVC members on the property and spending as much money as possible. Especially now when attendence is slumping...

 

[Joeblack]

Same here. If I had the chance to buy tickets with the Florida Resident price, I would buy an annual pass and probably go to the parks just to soak up in the atmosphere and eat there. Since we get practically no incentive to buy tickets, and,. we already have done enough rides, we will only be doing maybe 1 - 2 parks next December out of our 12 day stay.

Disney: Hope you are listening. DVCers go to WDW more often than most Florida residents and will very likely spend a whole lot more money "in the world" if given incentive to go to the parks.

 

[sgtdisney]

Originally posted by Joeblack
Disney: Hope you are listening. DVCers go to WDW more often than most Florida residents and will very likely spend a whole lot more money "in the world" if given incentive to go to the parks.

From your keyboard to Disney's eyes! I honestly think it would be in Disney's best interest to keep their most vocal fans in their parks and on their property. They do this with Annual Passholders because they know that the people who typically buy these kind of passes are really into Disney. The same could be said for DVC members. Most the the DVCers that I meet really love things Disney. But as you said, many of them, at least recently, aren't building their trips around on property gated attractions. I can't imagine that Disney would be losing any revenue by giving the DVC member Fla resident pass privledges. It would only keep us in the parks more often. And everyone knows when you are in the parks you are spending money. Oh well, we can wish. Where is that wishing star anyway....