Why would anyone sell their DVC membership?

[luna99]

Just out of curiosity... why would anyone decide to sell their DVC membership after having it for a while? I'm not super educated on DVC, and I'm only now thinking about it and imagining joining (daydreaming about it actually! ) but I can't imagine that if I ever joined up I'd want to sell.

I think about the day I can take my future children to WDW and show them where mom and dad were married and trips in the future with grandkids!

 

[Maistre Gracey]

I think the majority who sell don't always want to sell, but things come up such as loss of a job, major illness in the family, divorce, etc..
I suppose a smaller percentage lose interest in Disney, or perhaps just purchse for when their kids are small.

No real facts here, I'm only guessing...

MG

 

[nbodyhome]

Not everyone decides they want to do Disney all the time, or can afford it (I know someone who wanted money loosened up for other things).

 

[Maistre Gracey]

Not everyone decides they want to do Disney all the time...

Now that's just plain wrong!!

MG

 

[DiznEeyore]

Lots of reasons. Job loss (that was our situation), change in family situation (divorce/death/empty nest), change in vacationing preferences, deciding that they don't like the rules/dues associated with DVC ... these are all reasons I've seen given on these boards for why people sell their points.

We're not sure if we'll ever buy back in ... points are so high now (vs. what we paid when we bought initially) and frankly, we've found we like the freedom of booking when and where we want, changing our reservation to suit us if necessary, not having to stay within the 11/7 month windows, and not having to worry about last-minute cancellation of a trip and having those points go into a holding account. Plus, we can often get a DVC room on a cash basis through CRO, even with AP discounts. So we still get to enjoy the accommodations without the commitment.

Different strokes for different folks, right?

 

[nbodyhome]

Now that's just plain wrong!!

MG

I am actually not DVC. I enjoy the resorts very much (have also been to HH). But I like to keep my options completely open. We love a Bed and Breakfast in London, enjoy staying at a small family-run hotel in Paris, as well as the Auberge St. Pierre on Mont St. Michel - and other places too! I'm staying at the Candy Cane Inn and the Ayres Anaheim in CA (the latter I've been to already and very much liked, the former has great reviews). It is nice to have every choice in the world open to me.

 

[Deb & Bill]

We have one small renegade contract (doesn't fit in the UY like all the others). We're thinking of selling it and using the proceeds to purchase a timeshare that we could use at Marco Island, FL. We've missed the beach going to Disney for the last ten years and did it this year with our summer Disney trip. Much nicer beach than Vero Beach.

 

[DVC Grammy]

My DH and I have discussed reasons why we might eventually sell some of our points.
We have three grown children (2DS's and a DD), two of whom have families of their own.
Our DD isn't married yet and she's the one who has caught the Dis-nease from us . Our 2 DILs aren't really "into" Disney .
If there comes a time when DH and I aren't traveling to WDW as often, we'll hold a family Dis-cussion . If our sons and their wives aren't interested in keeping/maintaining DVC membership, we'll sell their portion and just keep and hand down our DD's portion to her. (Given her degree of Dis-nease, she wouldn't marry someone who wasn't infected, too .)

 

[crisi]

Need to sell: Job loss, divorce, health issues - lots of economic reasons. I fully expect if gas prices go up much more, we will see a lot more resales - gas prices really impact a lot of people's ability to get to WDW. You are still at the "future children" stage at life - sometimes the whole thing throws you a curveball and life just is a lot more expensive and complicated than you wanted. When we were at the "future children" stage we could have never forseen infertility and adoption expenses.

Want to sell: DVC turns out not to fit their vacation style, the kids grow up, they take fewer Disney trips, they bought for the "wrong" reasons (trading out, cruising) and those have become less cost effective, they've discovered they are just as happy in values or offsite, they've discovered that they really do prefer the Poly or Grand Floridian, they want the money for other things, the resale value is high enough to be seductive, they've had a bad trip or two and they don't want DVC or Disney, they misunderstood the program when buying, they sell to buy a different resort.

 

[Maistre Gracey]

Just to clarify, I can certainly see why Members will sell some of their points.
We are actually in the process of selling one of our 10 contracts. It's actually more of a reorganization of our points since AKV is coming on line.

I believe your question is why people would sell their "DVC membership".
That's a whole different ballgame.

MG

 

[spiceycat]

yea MG - but lots of DVC members have one contract - not several.

divorce - one wants to kept it but the other wants to sell, death - beneficaries don't want DVC, they need money NOW, or a better opportunity comes along.

I will definitely get rid of some of mind if and when CRV comes along.

 

[CarolA]

I sold about 200 points over the past few years.... of course I also bought 150 points at VAK. (LOL!)

I actually decided that I had TOO many points... (Probably still do, but just can't bring myself to pull that trigger again, maybe next year!)

 

[DiznEeyore]

Just to clarify, I can certainly see why Members will sell some of their points.

I believe your question is why people would sell their "DVC membership".
That's a whole different ballgame.
MG

Well, I answered the OP's question. We sold all 3 of or contracts, thus we "sold our membership".

 

[littlestar]

We have other timeshares we like just about as well as DVC (and purchase price was a lot less than DVC). So we sold some of our points - not all of them, though

 

[veroozy]

We owned back in 2000 at VB but due to some problems with a business venture of mine we felt we had to sell in 2005. We used our DVC membership all the time and within hours of the closing felt just awful.
Sellers remorse I suppose.
We still went to WDW each year we were not DVC owners but it just didn't feel the same. We loved the parks and still had a great time but we would always visit the DVC resorts and do tours at the sales center. From the moment we sold we talked about buying in again.
Jump to 2 weeks ago when we purchased 175 points at SSR and have our first trip home the end of August

good luck with your decision!

 

[nbodyhome]

I was going to say also - people change. After 10 years, not everyone wants to do the same thing. 40 or 50 years is a long time to commit!

 

[puggymom]

I am actually not DVC. I enjoy the resorts very much (have also been to HH). But I like to keep my options completely open. We love a Bed and Breakfast in London, enjoy staying at a small family-run hotel in Paris, as well as the Auberge St. Pierre on Mont St. Michel - and other places too! I'm staying at the Candy Cane Inn and the Ayres Anaheim in CA (the latter I've been to already and very much liked, the former has great reviews). It is nice to have every choice in the world open to me.

Sorry to highjack, but wanted to let you know I stayed at Candy Cane in 2005 and loved it. Got the AAA rate. Very clean, more than enough at breakfast (which is included). The cups for coffee/tea were very small, so the first day at DL I got a souvenier travel mug and used that the rest of the mornings for my hot tea. The pool is a little small, but I wasn't in Anaheim to go swimming so that was fine with me. The people were so friendly and helpful, you could tell it was family run and they cared about their customers. I can't wait to go back to DL, I love that park!

 

[starbox]

Also - for people that bought 5-10 years ago, the resale price has made it possible to sell the contracts for as much or more than they were originally purchased for. I think there's a huge percentage of people who consider Disney vacations to be something they enjoy with young children, but not the sort of vacation they want as an older couple, and it's not been a bad way to get vacations for the 10 years that the kids are young.

 

[jekjones1558]

Inability to travel because of the need to care for an aging parent could be a reason.

 

[Caskbill]

Not mentioned yet is some of the 'commercial renters' may be selling off points due to the restrictions DVC is making regarding them.