Why so many Saratoga Resales?

[Sarnia]

Did you notice that lisa-viloet's post (above) was edited(censored??)? She was giving an honest reason on why she is selling her points as i recall from her post last night.

Someone here with a "hidden interest" may have wanted it edited or removed. Someone who is involved in reselling or selling DVC points?

As I suspect, some posters who give "heavenly" remarks about Saratoga Springs (apartments) are perhaps trying to dump their Saratoga Springs points... and perhaps they are also the same people who get very offended when people give negative comments about Saratoga because it will be bad for their sales.

My comment on why discounted AP's are now offered to DVC members to boost sales of Saratoga Springs still stands. Why would they offer it to us? That is equvalent to losing money on their part..bugt their true motive is...as I said..to sell Saratoga Springs.

Before I stayed at Saratoga Springs I checked the comments about Saratoga Springs. One of the comments I recalled was " wait for the (resort) to mature." After my visit, my own translation now is:
" I know it is Walmart now, but wait for it until it matures to Super Walmart"
or
" You think it is just a U-Haul truck? Wait a little while and it will mature into an "18 wheeler truck." That is how my opinion stands as of last month.

You've had many good reasons posted why people are selling SSR now. Being the latest resort there are people who will buy on impulse and realise they can't afford it, or couples that will go on holiday then seperate, or a thousand other reasons. Yet you still carry on with your idiotic conspiracy theories, and your frankly insulting remarks for those of us that own and love SSR.

To be clear, I promise you that I am not selling my SSR points, nor do I work for Disney (a bit hard living in the UK!) I could buy any DVC resort, but I honestly believe that SSR is the best DVC resort for me and my DW. I could buy at any DVC resort that I wanted to, but SSR is my choice.

Moderators - how can you delete posts from people responding to these baiting posts, yet not delete the posts that are being responded to. the famous duo were banned for doing exactly what this guy is, and the other SSR basher is getting close to the same. I hope you will apply the same judgement here.

 

[TheRustyScupper]

1) This has been discussed a lot.
2) We have come to one major consensus.
3) The clientèle buying DVC
. . . older DVC's were bought by timeshare-savvy people
. . . the SSR owners are a younger group and not timeshare experienced
. . . most seem to have bought out of emotion, on the spur of the moment
. . . when they look at the purchase later, they decide to get out
4) Some of the reasons for selling we have heard
. . . annual dues too expensive
. . . didn't think we'd go every year
. . . not really what we thought it would be
. . . can't get the exact days we want without a guaranteed week each year

 

[lisaviolet]

1) This has been discussed a lot.
2) We have come to one major consensus.
3) The clientèle buying DVC
. . . older DVC's were bought by timeshare-savvy people
. . . the SSR owners are a younger group and not timeshare experienced
. . . most seem to have bought out of emotion, on the spur of the moment
. . . when they look at the purchase later, they decide to get out
4) Some of the reasons for selling we have heard
. . . annual dues too expensive
. . . didn't think we'd go every year
. . . not really what we thought it would be
. . . can't get the exact days we want without a guaranteed week each year

Wow. I realize that you stated "most" on some of your statements. But geez. Nope here. I might have said "emotional" for making a change in our contracts but certainly not in our original purchase. First saw the DVC in 1995. Could have bought. Revisited at BW time, BCV time, early SSR time. Still nope. Craved it. Researched. Listened to owners. Ten years of dreaming and wanting. Wanted it but wanted it not to be a financial burden. Just in our case we wanted to pay it all upfront on that first contract. So delayed gratification. It's a lovely thing. I know I'm just one story but I'm sure there are many savvy SSR owners. Savvy in their choice of SSR....savvy in finances...whether upfront or financed. Wow.

Still unsure of "one major consensus". I'm sure most of your points, which I'm sure are valid reasons for getting out, could be said about any of the DVC timeshares....or any timeshare purchase for that matter. But as us "savvy" DVCers know a lot of other timeshares take a larger financial hit to get out.

 

[Sammie]

Wow. I realize that you stated "most" on some of your statements. But geez. Nope here. I might have said "emotional" for making a change in our contracts but certainly not in our original purchase. First saw the DVC in 1995. Could have bought. Revisited at BW time, BCV time, early SSR time. Still nope. Craved it. Researched. Listened to owners. Ten years of dreaming and wanting. Wanted it but wanted it not to be a financial burden. Just in our case we wanted to pay it all upfront on that first contract. So delayed gratification. It's a lovely thing. I know I'm just one story but I'm sure there are many savvy SSR owners. Savvy in their choice of SSR....savvy in finances...whether upfront or financed. Wow.

Still unsure of "one major consensus". I'm sure most of your points, which I'm sure are valid reasons for getting out, could be said about any of the DVC timeshares....or any timeshare purchase for that matter. But as us "savvy" DVCers know a lot of other timeshares take a larger financial hit to get out.

I have to agree, that most of the list RustyScupper made could be said about other major purchases including other timeshares. There are no facts to back any of this, so at this point everything presented is simply one person's opinion.

I seriously doubt that the majority of sellers do so because they don't like their purchase.

 

[jdg345]

Uhm ... just curious here ... but ... who cares? Not to be mean or anything, but the fact that DVC is raising prices of points at SSR regularly and that they are going to start charging closing costs of new members in the next week or so tells me that there is likely significant demand. If there were sooooo many resales out there, Disney would be ROFR'ing so many that they would have a surplus of contracts/points and would be offering folks more 'freebies' to buy in instead of raising the costs.

IMO, they are trying to slow things down since there isn't a new DVC resort. I hardly think they are going to pay all of those vacation guides to sit around with nothing to do.

 

[mrwanker]

Uhm ... just curious here ... but ... who cares? Not to be mean or anything, but the fact that DVC is raising prices of points at SSR regularly and that they are going to start charging closing costs of new members in the next week or so tells me that there is likely significant demand. If there were sooooo many resales out there, Disney would be ROFR'ing so many that they would have a surplus of contracts/points and would be offering folks more 'freebies' to buy in instead of raising the costs.

IMO, they are trying to slow things down since there isn't a new DVC resort. I hardly think they are going to pay all of those vacation guides to sit around with nothing to do.

Not to be mean or anything, but how wrong you are. Well, you aren't just wrong, this whole premise of why so many SSR resales is a little overboard. There isn't an overwhelming amount of SSR resales out there. Also, prices for SSR are pre-determined. They know right now what the price per point will be next June. Increases have nothing to do with sales or demand. Periodically prices are raised. This is used by guides as a type of "hard sell" (well as hard as DVC gets.). "I just wanted to let you know the price is going up on such and such a date". They act like they are doing you a favor by letting you know while all they are doing is trying to get you off the fence and spur sales. SSR is on pace to sell through 2010. Is this dissapointing to DVC? I don't know and either does anyone else on the outside. We simply don't know what they had projected.

SSR resales will be far larger than they are now when the resort is done selling. At that time you'll see resales numbers in the 30's to 40's here on the TSS. It will make this 18 or so look silly. Anyone selling now is losing money on the deal.

 

[jdg345]

Not to be mean or anything, but how wrong you are. Well, you aren't just wrong, this whole premise of why so many SSR resales is a little overboard. There isn't an overwhelming amount of SSR resales out there. Also, prices for SSR are pre-determined. They know right now what the price per point will be next June. Increases have nothing to do with sales or demand. Periodically prices are raised. This is used by guides as a type of "hard sell" (well as hard as DVC gets.). "I just wanted to let you know the price is going up on such and such a date". They act like they are doing you a favor by letting you know while all they are doing is trying to get you off the fence and spur sales. SSR is on pace to sell through 2010. Is this dissapointing to DVC? I don't know and either does anyone else on the outside. We simply don't know what they had projected.

SSR resales will be far larger than they are now when the resort is done selling. At that time you'll see resales numbers in the 30's to 40's here on the TSS. It will make this 18 or so look silly. Anyone selling now is losing money on the deal.

Thanks! I didn't realize there was a pre-released pricing schedule for the DVC's ... it seems silly though to raise prices at intervals rather than raise them based on Supply/Demand. If they just raise prices because it's the start of the second quarter, they could be potentially pricing people out. It would make more sense to me to raise prices after certain thresholds of availability have been reached ... both to maximize profits as well as to create a means of rationing what is available.

Also, 2010 is a ways out still ... but I guess since SSR is so large this could be feasible. Everything I've been told by CM's and Guides though so far is that they are ahead of 'schedule' and are already selling into Phase III. This is why they are offering to buy back this years points -- to curb the amount of available points until the buildings are completed.

I dunno, like you said, a lot of this is speculation based on what we think or are being told.

I don't think there are 'so many SSR resales'. I think that's just how many there are. In the future, there will probably be more, and there will probably be less. These could be secondary or tertiarty add-ons for all we know that people are liquidating (albeit at a loss); but with 100,000 members, I can't presume to know everyone's financial situation. And 20, 30, or even 40 resales out of 100,000 members just doesn't seem ... well ... like a large number at all.

FWIW, we were recently inquiring about an add-on, and we were talked out of it in a very nice way. Nothing concrete was said, but it was suggested we should wait a quarter or two unless we *really* needed the points. *shrug*

 

[lisaviolet]

FWIW, we were recently inquiring about an add-on, and we were talked out of it in a very nice way. Nothing concrete was said, but it was suggested we should wait a quarter or two unless we *really* needed the points. *shrug*

That would be a SSR add-on I assume, correct? If so, very interesting...

 

[drinkdrankdrunk]

FWIW, we were recently inquiring about an add-on, and we were talked out of it in a very nice way. Nothing concrete was said, but it was suggested we should wait a quarter or two unless we *really* needed the points. *shrug*

I just ran a search on your posts and see no reason to doubt you but this makes no sense. Sales 101 says never turn away a potential customer. Why would DVC tell you to wait???????? It just doesn't add up.

Resales will continue to show huge numbers of SSR contracts for years to come. Biggest resort, worst location, combined with lying guides about booking other resorts will keep Tom at the TSS extremely busy. Need any investors to grow your business?? If yes I'm in.

Congratulations Tom your business is safe for years to come with this one.

 

[jdg345]

That would be a SSR add-on I assume, correct? If so, very interesting...

Correct, SSR ... and I agree ... interesting ...

I did not ask about any of the other resorts though ... maybe I should call back and see what she says?

 

[Dis-best]

Does anyone know how many DVC members there are at each of the resorts?

 

[Beca]

First, let me say that, based on the numbers posted here...that's not a lot of SSR resales.

But, I just had to "throw in" one more possibility for resales....CALIFORNIA. This is the first time DVC has been able to sell in that state, and it could be that people buy while on vacation in WDW, then return home to see how expensive it is to trade into properties closer to home. Then, they realize that with the money and time it takes to travel to FL....this was not a wize investment at this time.

Just my opinion...I have ABSOLUTELY no facts....but, I think we will see quite a few resales for this reason. Of course, considering what people pay for homes out there...DVC may be "chump change" for them, which would totally mess up my theory.



Beca

 

[starbox]

It's probably been said, but I'd guess that each new resort has a period where members buy and then sell before it settles into the core group that are going to stick it out for 10, 20 years (or the entire contract).

Many, many people don't stay in houses or cars for more than a few years. Heck - or even in marriages. They say that in a marriage, the divorce rate is something like 70% for the first three years - but after three years it declines sharply every single year.

It only seems logical that people would not their DVC more than they love a spouse.

Give SSR three years after sell-out and the ownership will settle into a loyal group of owners. Of course in 7 years when that new DVC with a pool on the roof, free tickets to all parks for life and a private monorail opens up..... . Just be glad polygamy is allowed in DVC resort-love.

 

[rinkwide]

...Just be glad polygamy is allowed in DVC resort-love...

Which reminds me, wouldn't it be cool if the next DVC resort was built in Park City?

 

[Dis-best]

It's probably been said, but I'd guess that each new resort has a period where members buy and then sell before it settles into the core group that are going to stick it out for 10, 20 years (or the entire contract).

Give SSR three years after sell-out and the ownership will settle into a loyal group of owners. Of course in 7 years when that new DVC with a pool on the roof, free tickets to all parks for life and a private monorail opens up..... . Just be glad polygamy is allowed in DVC resort-love.

I agree that there will eventually be a core group, but I think as a result of the size there will always be a significant number of resales. I just hope it doesn't affect the resale value.
(But what if the next resort has a roof top pool ... )

 

[Chuck S]

I...... I just hope it doesn't affect the resale value. ...

It shouldn't, has the lower sale price of VB had an affect on any other resort? Each resort seems to find their individual resale market niche.

 

[pouncingpluto]

Many, many people don't stay in houses or cars for more than a few years. Heck - or even in marriages. They say that in a marriage, the divorce rate is something like 70% for the first three years - but after three years it declines sharply every single year.

While I agree with your point as it pertains to DVC, I would be *shocked* if your statistic regarding the divorce rate in the first three years turned out to be accurate. *Seventy percent* in the first three years???? I don't believe it.

 

[tomandrobin]

Does anyone have any thoughts on why there are so many SSR resales?

Just figure I post an update based on cuurent listings at the Timeshare Store (our host).
BCV - 7
BWV -8
HH - 4
OKW - 25
SSR - 11
VB - 8
WL - 19

Interesting how the time of year effects the sales and what is for sale. I bet that in Dec and January the WL sales are pretty good and HH and VB are dogs.

 

[castleri]

thought better of what I wanted to post so deleted it.

 

[Dis-best]

Just figure I post an update based on cuurent listings at the Timeshare Store (our host).
BCV - 7
BWV -8
HH - 4
OKW - 25
SSR - 11
VB - 8
WL - 19

Interesting how the time of year effects the sales and what is for sale. I bet that in Dec and January the WL sales are pretty good and HH and VB are dogs.

I am curious why people are selling SSR, after owning for a short period. I wonder how many resales there will be after a few years pass?
Will it end up like OKW at 25

I checked the BCV at the Time Share Store and there are only 3 sales and 4 sales pending. I have been monitoring the sales over the past few months and noticed BCV sales turn into sale pendings within a 1 month period. Also BCV commands a higher resale value, price per point is much higher than SSR and the other resorts. I think the fact the it is a smaller resort and the premium location impacts the resale value.