Why the price discrepancies?

[Nabas]

IMO, resale = low ball offer.
Re-sale is a game and the winner is who buys low-ball and makes it thru ROFR. IMO that would be the only way playing the re-sale game would be worth the effort.

If you can only afford to purchase DVC via resale than you won't own long ... IMO

Sorry but this is simply not true.

On the Orange Country Comptroller website, the DVCs being repossessed are not not those purchased through resale but those purchased direct.

Direct sale represents an artificially inflated price.

Resale represents true market value.

Thus, for example, direct sale at BCV is $130/point. However, for the month of December, resale at BCV was $95/point.

The difference between the two is the difference between those wanting an easy DVC transaction and those wanting fair market value. (Anyone buying below $95/point at BCV might represent a "low ball" offer but even that is questionable.)

On every aspect except price, direct sale is "better". However, many (not all) direct sale buyers are simply uneducated and are willing to pay a premium because of their lack of education.

 

[sndral]

IMO, resale = low ball offer.
Re-sale is a game and the winner is who buys low-ball and makes it thru ROFR. ....,
If you can only afford to purchase DVC via resale than you won't own long ... IMO

This doesn't make any sense to me, why would my decision to get the best value for my cash be a predictor of how long I will enjoy using my points to stay @ WDW?
When I bought a car a couple of months ago I researched and knew exactly what I should pay for that car before I walked into the dealership and it wasn't the first price the salesman quoted me. I don't like bargaining but I work too hard for my money to spend more than I need to for the same product. DVC was the same for me, not a game, just maximizing the value of my funds.
I would guess that people who finance their DVC purchase are the most likely to regret their purchase and the higher that monthly payment is the more they are likely to regret it.

 

[PacoDF]

Msmithmd post the perfect summary of when you should buy direct.

 

[bakerworld]

IMO the time & effort & patience & expense of saving via resale purchase = BUY LOW. To save a third of the purchase price spread over the 5 or 10 years ownership isn't worth the time involved; whereas, to save half the purchase price could. Any large purchase the purchaser should be willing to walk away = gaming. Resale isn't the place for children, "I want that one". The resale/ROFR process is the wizened, cigar-chewing pawn shop owner that has to be bested.

 

[Msmithmd]

IMO the time & effort & patience & expense of saving via resale purchase = BUY LOW. To save a third of the purchase price spread over the 5 or 10 years ownership isn't worth the time involved; whereas, to save half the purchase price could. Any large purchase the purchaser should be willing to walk away = gaming. Resale isn't the place for children, "I want that one". The resale/ROFR process is the wizened, cigar-chewing pawn shop owner that has to be bested.

I believe I illustrated above how resale would easily save $9,600 versus direct, without a lowball offer, on many of the DVC resorts. Maybe you're a billionaire and saving $9,600 up front doesn't matter to you.

For most of us in the real world, there are plenty uses for that kind of money.

Disney decided to make the resale process more time-consuming to try to motivate more people to buy direct. It appears that their marketing is working for some customers.

But your final sentence, while artistic, is simply and grossly misleading.

For my first resale purchase, I made one offer on a contract that didn't get accepted. The next day, I made another offer with a different broker that did get accepted. The contract document took about two minutes to sign, scan, and email back. And then the closing documents and purchase check took about ten minutes to complete. Everything else was taken care of for me by the broker, the closing agency, and DVC member services.

I was able to do this all from my own home. I didn't meet, or even speak to, any pawn shop owner that I recall. Nor did I attempt, or need to, haggle the price. I paid full asking and saved $60 a point versus direct pricing at the time for my home resort.

As I said before, believe whatever you want if it makes you feel better about overpaying. It's clear that some folks won't be convinced otherwise. But there's no reason to mischaracterize the resale purchase process to those casual readers who review these boards and don't actively post.

 

[bakerworld]

Your right, we're old...er - top tier now because our families don't live long (tic-toc) so purchasing DVC was our effort at saving $$$.

When we were young...er we were more into pkg vacations - which I think, with a bit of research, are a better deal than any TS.

Once again - JMO

So this is how I think: $10K / 10Y = $1K annually or $17.85 weekly. Maybe you could invest it - $20/wk is how we've ended up with some very large retirement accounts which we'll probably never use (tic-toc). YOU WIN

 

[Nabas]

I believe I illustrated above how resale would easily save $9,600 versus direct, without a lowball offer, on many of the DVC resorts.

...

I was able to do this all from my own home. I didn't meet, or even speak to, any pawn shop owner that I recall. Nor did I attempt, or need to, haggle the price. I paid full asking and saved $60 a point versus direct pricing at the time for my home resort.

If you consider how much time you put into the resale process, you effectively paid yourself $1000/hour, perhaps more.

Not bad.

Some folks just want to badmouth the resale process.

 

[chrisaman]

I believe I illustrated above how resale would easily save $9,600 versus direct, without a lowball offer, on many of the DVC resorts. Maybe you're a billionaire and saving $9,600 up front doesn't matter to you.

For most of us in the real world, there are plenty uses for that kind of money.

Disney decided to make the resale process more time-consuming to try to motivate more people to buy direct. It appears that their marketing is working for some customers.

But your final sentence, while artistic, is simply and grossly misleading.

For my first resale purchase, I made one offer on a contract that didn't get accepted. The next day, I made another offer with a different broker that did get accepted. The contract document took about two minutes to sign, scan, and email back. And then the closing documents and purchase check took about ten minutes to complete. Everything else was taken care of for me by the broker, the closing agency, and DVC member services.

I was able to do this all from my own home. I didn't meet, or even speak to, any pawn shop owner that I recall. Nor did I attempt, or need to, haggle the price. I paid full asking and saved $60 a point versus direct pricing at the time for my home resort.

As I said before, believe whatever you want if it makes you feel better about overpaying. It's clear that some folks won't be convinced otherwise. But there's no reason to mischaracterize the resale purchase process to those casual readers who review these boards and don't actively post.

Ours was equally that easy. Only our first offer was the accepted offer. Saved 30 dollars per point and didn't have to sit there for 4 hours listening to the DVC presentation that u deal with direct. Clearly it was less time involved for me

 

[TCRAIG]

I've bought 5 resales so far - 160 SS, 150 HH and 85/50/70 at OKW - paying full price except seller pays closing and any maintenance left for the year - all thru TSS except 1 (Thanks Jason). That way - I feel comfortable that I'll pass ROFD. I check the listings daily to find the points I want at the price I want. I would never buy direct - it's just not logical for me since I have no intention of using my DVC points to stay anywhere but DisneyWorld. While it's true the resale process takes longer - the savings are worth it...even paying full asking price.