DVC RESALES
DVC RESALES

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Old 07-31-2013, 06:47 AM   #1
historyteach15
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Should I buy?

Hey all,

I wanted to get your opinion on whether or not I should buy into DVC. I've been an avid Disney fan my entire life, going nearly every year with my parents. Now 26, I've been 3 times since living on my once I graduated college. I usually stay for am average of 5-6 nights a year.

If I do purchase, I would get a somewhat large amount of points...maybe 200-220, so that my brother and parents could split the cost with me and we could all benefit from it. If I were to get this many, how much would it be? Also, is it worth it to?

I look forward to your amazing feedback!!
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Old 07-31-2013, 07:18 AM   #2
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You need to spend a few days reading through this section of the DIS. After doing so, you should have enough knowledge to give you a good idea if DVC makes sense for you and your family.

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Old 07-31-2013, 07:33 AM   #3
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Originally Posted by historyteach15 View Post
If I do purchase, I would get a somewhat large amount of points...maybe 200-220, so that my brother and parents could split the cost with me and we could all benefit from it. If I were to get this many, how much would it be? Also, is it worth it to?
You need to decide where you want to buy/own and whether you are going to buy direct from Disney or resale. Prices vary widely. You should remember there are Annual Dues.

Only you and your family can decide if it's worth it or not.
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Old 07-31-2013, 07:54 AM   #4
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Originally Posted by historyteach15 View Post

If I do purchase, I would get a somewhat large amount of points...maybe 200-220, so that my brother and parents could split the cost with me and we could all benefit from it. If I were to get this many, how much would it be? Also, is it worth it to?

I look forward to your amazing feedback!!
If you buy directly through disney it would be somewhere around $150-169 pp plus the annual maintenance fees. Buying resale is cheaper but takes longer. I am also considering whether to purchase. I found a lot of helpful info in the DVC resource center thread at the top of this forum. Ultimately though its going to be a highly personal decision for our family. In general I probably wouldn't buy if I had to finance the purchase though. The interest rates are high. If you have enough cash then it's time to start doing some reading to figure out if its best for you. :-)
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Old 07-31-2013, 09:01 AM   #5
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Originally Posted by timandjanl View Post

If you buy directly through disney it would be somewhere around $150-169 pp plus the annual maintenance fees. Buying resale is cheaper but takes longer. I am also considering whether to purchase. I found a lot of helpful info in the DVC resource center thread at the top of this forum. Ultimately though its going to be a highly personal decision for our family. In general I probably wouldn't buy if I had to finance the purchase though. The interest rates are high. If you have enough cash then it's time to start doing some reading to figure out if its best for you. :-)
I'd like to disagree about resale taking longer than direct. Unless you want to buy one of resorts that Disney is actively selling (Aulani, AKV or VGF), you'll be put on a rather lengthy wait list. There are plenty of people who have been on those lists since March without getting their points, so you could have easily bought a couple of resale contracts during that time.
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Old 07-31-2013, 09:43 AM   #6
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I will try to sum up the million dollar question quickly.

IF you go to, or want to go to, WDW often (at least once a year), AND stay at a deluxe resort, DVC will probably be worthwhile.

DVC is going to do one of two things:

1. Enable you to go at the same pace, and save money
or
2. Enable you to go MORE often for the same (possibly even more) money.

(i did it for reason number 2)

Your screen name here implies that you will be somewhat restricted as to when you can go (i.e. when school is out), and those times cost more points.

Use the points calculator, I like the one at David's, to get an idea as to how many points is the right number.

As for the family thing.....tricky...I understand about wanting to split the cost, but maybe you are better off buying 100 points on your own, and then adding on.

Remember, 200 points or so is going to be over 1,000 a year in maintenance fees!

While DVC may save you money, it is still Disney, and it is not cheap!
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Old 07-31-2013, 11:01 AM   #7
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direct vs resale

Plenty of info about this on these boards, but 1 thing I never see mentioned:

You are 26. Many properties(contracts) expire in 2042. You will be 55 at that point in time, still young. If you have family plans, your contract will expire (most likely) before grandchildren arrive.

Anything can happen. You can buy an interest and something happens that same day, and have to liquidate a bunch of assets, who knows.

However, 20 years from now, contracts expiring in 10 years are going to be almost worthless on the resale market. That being said, I would be reluctant to buy anything expiring in 2042 Direct from Disney. 130$ pp is the going rate on most of the 2042 properties.

If you buy VGF, you get 50 years on it, for only 20 pp more (note that VGF is more 'point expensive') but in 20 years, that contract will still have strong resale value.

Bottom line, I know there are SOME benefits to direct points, but I would not go that route at a property expiring in 2042, unless it was a future small add on.
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Old 07-31-2013, 12:30 PM   #8
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Originally Posted by jerseyduke View Post

However, 20 years from now, contracts expiring in 10 years are going to be almost worthless on the resale market.
I don't think that any of us can say this with any degree of certainty. Mathematically, the contracts will have a value that can easily be calculated. Whether or not one can capitalize on that value will depend on a whole host of factors that are nearly impossible to predict.
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Old 07-31-2013, 12:47 PM   #9
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Originally Posted by jerseyduke View Post
Plenty of info about this on these boards, but 1 thing I never see mentioned:

You are 26. Many properties(contracts) expire in 2042. You will be 55 at that point in time, still young. If you have family plans, your contract will expire (most likely) before grandchildren arrive.

Anything can happen. You can buy an interest and something happens that same day, and have to liquidate a bunch of assets, who knows.

However, 20 years from now, contracts expiring in 10 years are going to be almost worthless on the resale market. That being said, I would be reluctant to buy anything expiring in 2042 Direct from Disney. 130$ pp is the going rate on most of the 2042 properties.

If you buy VGF, you get 50 years on it, for only 20 pp more (note that VGF is more 'point expensive') but in 20 years, that contract will still have strong resale value.

Bottom line, I know there are SOME benefits to direct points, but I would not go that route at a property expiring in 2042, unless it was a future small add on.
Beyond the fact that we don't know when the expiration dates will start to greatly effect the market price for 2042 contracts, the bigger question is what the club will look like after 2042. No one knows what Disney will do with the older resorts. And no one knows what effect it will have on resale values of the other resorts if you can no longer trade into BCV, WVL or any of the other resorts. Basing your purchase decision on what may or may not happen 20 or 30 years from now is not a very solid way to make that choice.
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Old 07-31-2013, 10:47 AM   #10
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I'd like to disagree about resale taking longer than direct. Unless you want to buy one of resorts that Disney is actively selling (Aulani, AKV or VGF), you'll be put on a rather lengthy wait list. There are plenty of people who have been on those lists since March without getting their points, so you could have easily bought a couple of resale contracts during that time.
Well yes - I agree with you there. You'd have to buy AKV, VGF or Aulani for the process to be quicker than resale.
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Old 07-31-2013, 08:29 AM   #11
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Originally Posted by historyteach15 View Post
If I do purchase, I would get a somewhat large amount of points...maybe 200-220, so that my brother and parents could split the cost with me and we could all benefit from it.
i'd think twice about this. might have issues getting everyone on the same page. also a risk if one person goes bankrupt or has financial issues - it impacts everyone.


Quote:
If I were to get this many, how much would it be? Also, is it worth it to?
depends on the resort and whether you buy resale or direct.

if you buy resale to use only for DVC resorts - and you were going to stay onsite at wdw in at least a moderate anyway - it might be worthwhile. IMO you should hang out on the boards for several months to learn more before jumping in...
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Old 08-01-2013, 04:24 PM   #12
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i'd think twice about this. might have issues getting everyone on the same page. also a risk if one person goes bankrupt or has financial issues - it impacts everyone.
This one.

If your parents wanted to own DVC, wouldn't they own it by now? How old is your brother, is he settled, married, kids? Is he on board. Are you married with kids? Do you intend to be.

Lets just say for instance that neither you or your brother are currently married. Five years from now, one or the other of you are married and have three adorable and wonderful children - you no longer fit in a studio and need a bigger allocation of points - what do you do? Do you split the points.

Lets say neither of you is married, but one of you gets married and their wife really isn't into Disney - but introduced her spouse to the wonder of skiing - suddenly that brother - and his wife - aren't going to use points and wants out - do you sell the whole contract (you can't sell out part) or do your parents and you eat the cost of the contract.

Sometimes people buy with other people and it works out great, but make sure that everyone is on the same page about the commitment, that you understand up front how you are going to split the use of points and the expenses, and what you are going to do as the makeup of your family changes with marriage, kids, retirement - even - but hopefully not - divorce or death.
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Old 08-04-2013, 05:12 PM   #13
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There is no way, NO WAY that I would get into a timeshare agreement with family. I love, love, love my parents and my MIL and trust them wholeheartedly. They would not buy a timeshare with me either. That is just something left to the individual ultimately and I am sure you can think of different scenarios where entering into a timeshare with anyone other than a spouse is not wise. However they do come on trips with us and DH and I "give" them a studio for "free" and never ask or expect payment. We love sharing DVC with them but they have nothing to do with the contract... other than screaming "YES!!" when they want to go. I give them the dates ahead and then they know that it is a done deal and only due to illness would they ever back out.

This year it's my parents turn and next May MIL is joining us. For instance I never ask my Brother or SIL to join us. They have 5 children and would require a 2 bedroom at least. I just do not have enough points for that, plus as much as I love them they are very last minute planners and generally unorganized vacationers. It works for them. I would have a nervous breakdown traveling with them. I know this so it never even comes up for discussion. One day we will see them in Disney. They will have rented points from David's and DH and I will be there on our own contract. We will meet them for ADRs.
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Old 08-05-2013, 01:00 PM   #14
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Yeah, I wouldn't go in with family either. They can rent points from us or come with us on our vacation.
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Old 07-31-2013, 11:25 AM   #15
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Now 26, I've been 3 times since living on my once I graduated college. I usually stay for am average of 5-6 nights a year.
Where do you normally stay at? Value, Mod, Deluxe, offsite?

Quote:
Originally Posted by historyteach15 View Post
If I do purchase, I would get a somewhat large amount of points...maybe 200-220, so that my brother and parents could split the cost with me and we could all benefit from it. If I were to get this many, how much would it be? Also, is it worth it to?
A large amount of points, in my opinion, is better split among a few smaller contracts. And if you don't mind split stays, at different resorts but for ease, same UY. Although some will suggest a different UY. You will have more closing costs though (more for resale, less for direct).

Price will depend on which resort you decide to buy and whether it's resale or direct.
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