DVC RESALES
DVC RESALES

Go Back   The DIS Discussion Forums - DISboards.com > Disney Vacation Club > Purchasing DVC
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Rate Thread Display Modes
Old 12-05-2012, 01:29 PM   #1
vinmar4
Mouseketeer
 
Join Date: May 2010
Location: Chicago
Posts: 296

unbelievable!! Can't afford this! Please help

Hello to all,
I'm starting to beleive that we made a mistake when buying the 320points that we got at AKV. My current yearly dues are almost 1800.00!
they are increasing at the rate of almost 200.00 per year!
We are thinking of possibly selling but would like to know if you guys have any idea if we would loose a lot of money. We just got the loan from Disney about 3 years ago so this is our 3rd year paying the anual dues.
We are a couple in our late 40's and have son who is 16 and our dd 10 out other dd is 28 and lives in TX. We are thinking of either selling all or part of our points since we separated the points into 3 contracts, 110, 110, and 100. Currently the kids like going every year, we ust started going 3 years ago, but we are thinking that it is going to be less and less as we get older and by the time we are done with the loan we are going to be in our mid 50's.
Any advice would be greatly appreciated!
vinmar4 is offline   Reply With Quote
Old 12-05-2012, 01:35 PM   #2
bakenatj
Mouseketeer
 
bakenatj's Avatar
 
Join Date: Sep 2009
Location: Iowa
Posts: 488

Well seeing how AKV is going for around $65-$75 a point on resale you are going to lose some money on the deal. I guess if you can't afford $1800 a year in maintenance fees the additional cost of going probably are an issue too. I guess if I were you I would sell at least one of your contracts. That would drop your fees by 30% right off the top.

Seeing how you have been able to use it for three years I wouldn't look at it as a loss. The amount you saved on those vacations probably offset the price difference.
__________________

1985 DL, 1989 DL, 2001 DL, 2003 WDW, 2004 DL, 2005 WDW, 2006 WDW, 2008 CSR, 2009 AKV-K, 2010 BLT, 2011 OKW, 2012 OKW, 2013 Aulani, 2013 DL, 2013 SSR, 2013 VGF.
bakenatj is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 12-05-2012, 01:48 PM   #3
jockotaco
Mouseketeer
 
jockotaco's Avatar
 
Join Date: Apr 2012
Location: Fort Collins
Posts: 263

DVC Gold Member
Paid DVC Rent/Trade
Gold Membership

Would you ever consider renting points to cover you dues. Given that you can rent points for 10-11 pp you would need to rent about 180 points or so to cover your yearly dues. Although you would need to continue making your loan payments it would allow you to travel on the remaining points. Given the resale price on the resorts you own and the fact I have no clue what you owe it might be tough to get out without needing to make some sort of lump sum payment.
jockotaco is offline   Reply With Quote
Old 12-05-2012, 02:04 PM   #4
joeyrose
Mouseketeer
 
joeyrose's Avatar
 
Join Date: Jul 2012
Posts: 124

dvc points...good. dvc loan...bad. could you sell most, keep a small contract and pay off the loan? then fees will be manageable and no loan payment. you need to lose the loan payment.
joeyrose is offline   Reply With Quote
Old 12-05-2012, 02:14 PM   #5
DizBub
Totally Addicted
 
Join Date: Dec 2010
Location: Washington, IL
Posts: 1,716

Very smart of you to break up your points into 3 contracts. If you do need to sell some off it's much easier. Not sure about AKV resale but the smaller contracts seem to sell for higher. Unfortunately, if you still have a loan it looks like you will lose money on a resale. But at least those dues will go away.

I agree with a previous poster about renting some of your points to try to off-set your dues. If you rent all of your points 1 year, you would probably get enough to nearly pay for 2 years' dues. Alternating travel and renting every other year you may be able to strike a balance. I would keep an account with the rental $ just for the dues or to pay your loan down faster.

Good luck!!
DizBub is offline   Reply With Quote
Old 12-05-2012, 02:55 PM   #6
LisaS
DIS Veteran
 
LisaS's Avatar
 
Join Date: Feb 2005
Location: MA & AKV/BWV/VWL
Posts: 9,879

If you sell through a broker you will owe a 10% - 15% commission on the sale. Make sure you factor that in when calculating what you are likely to get from the sale of one or more of your contracts.
__________________
LisaS is offline   Reply With Quote
Old 12-05-2012, 03:39 PM   #7
vinmar4
Mouseketeer
 
Join Date: May 2010
Location: Chicago
Posts: 296

thank you guys!
some great ideas to consider!
I called and calculated that if we sell all of them, we would have to pay close to 5600.00 when closing, but then no more monthly payments! . we will concider maybe selling one or two but I we will still have to pay close to 2000 at closing per contract but then we could keep some points and pay a lot less in dues. I'm also thinking of taking advantage of getting the deal for the PAP now then take one vacation next year since we will get the 320 in this month for a total of about 460 pay the dues in Jan and then sell all. We can then then get some money together and buy resale and go back!
my head is starting to hurt
we need to think, think, think
I asked my kids if they really wanted to go back every year and they said maybe
vinmar4 is offline   Reply With Quote
Old 12-05-2012, 03:47 PM   #8
bwvBound
DVC SSR & other timeshare
 
Join Date: Feb 2004
Location: San Diego
Posts: 3,328

If it helps, DVC allows members to pay the annual MF spread across the year using monthly draws from a US checking account. If you aren't already using that feature, it might help soften the year-end panic, a bit?
bwvBound is offline   Reply With Quote
Old 12-05-2012, 05:17 PM   #9
bumbershoot
DIS Veteran
 
bumbershoot's Avatar
 
Join Date: Mar 2007
Location: Tacoma WA
Posts: 43,178

Quote:
Originally Posted by vinmar4 View Post
We can then then get some money together and buy resale and go back!
The dues would be the same. How would that help?
__________________

Made weight goal 1yr8m8days after starting...currently maintaining 85 lb loss thanks to Weight Watchers!
bumbershoot is online now   Reply With Quote
Old 12-05-2012, 05:37 PM   #10
rklives
Earning My Ears
 
Join Date: Jul 2009
Posts: 56

Like one of the others recommended, i usually rent some points to help pay for my dues, i usually get around $10 PP.
__________________
rklives is offline   Reply With Quote
Old 12-05-2012, 05:49 PM   #11
undchefreak
Mouseketeer
 
Join Date: Oct 2012
Location: CA - Hopefully international soon enough
Posts: 77

If you can scrape together $2000 to pay off the property to sell them, why don't you just pay one of them off? This would decrease your monthly outlay and help with the big picture.

What is the benefit of selling then buying back? You would be loosing certain priveleges (not necessarily good ones, but some), you would have to pay the realtor to sell them, and then pay extra fees to buy the same points. If you want to permanently decrease your points, go for it, but I wouldn't go in with the intention of buying back in the near future, since this would not make the financial picture look any better.

If you don't want the hassle of renting on your own, there are plenty of brokers who will take a cut of the profits and rent them for you. You still need to do the booking, but the broker finds them, contracts them, and collects payment so you wouldn't need to worry about it.
__________________
Owner at OKW

1st Disney Visit - DL 1991 stayed with family (as a child)
1999 May Pop Movies
2009 May DW Offsite
2012 Sept Coronodo
2013 new DVC member!
2013 Jan Split stay SSR and OKW
2013 Oct DL at VGC
2014 Jan OKW
undchefreak is offline   Reply With Quote
Old 12-05-2012, 06:05 PM   #12
CaptDadSparrow
Mouseketeer
 
CaptDadSparrow's Avatar
 
Join Date: Mar 2010
Location: Charlotte NC
Posts: 79

Three years ago AKV direct was what 100-$110 per point? I wish I has purchased on our first tour last year. It was $120 per point. We are closing on 135 (discounted on the cruise $7 per point).

I digress...

As of Dec 19Th I think AKV is going to $150 per point.

What I would then assume is the resale and rental value would also be going up per point. If that's true, you may be surprised to see you are not in a bad position to sell or rent with out to much loss at all.
__________________
Mild mannered dad by day.
Fearless Adventurer & Story Teller
by nights & weekends for the greatest kids in the Wide World of Disney!


CaptDadSparrow is offline   Reply With Quote
Old 12-05-2012, 06:22 PM   #13
Deb & Bill
DVC-Trivia Contest, Apr-2006: Honorable Mention
 
Deb & Bill's Avatar
 
Join Date: Mar 2000
Location: USA
Posts: 44,413

Quote:
Originally Posted by vinmar4 View Post
thank you guys!
some great ideas to consider!
I called and calculated that if we sell all of them, we would have to pay close to 5600.00 when closing, but then no more monthly payments! . we will concider maybe selling one or two but I we will still have to pay close to 2000 at closing per contract but then we could keep some points and pay a lot less in dues. I'm also thinking of taking advantage of getting the deal for the PAP now then take one vacation next year since we will get the 320 in this month for a total of about 460 pay the dues in Jan and then sell all. We can then then get some money together and buy resale and go back!
my head is starting to hurt
we need to think, think, think
I asked my kids if they really wanted to go back every year and they said maybe
I may be confused, but you cannot make a reservation and sell the contract without cancelling the reservation. Are you paying your dues monthly? That's one way to keep them from seeming so much. We have 325 points and pay about $140/month in dues.

I see the Timeshare Store has AKV contracts for sale for around $63 to $66 per point. If you paid more than that, you will have to pay to close the contract (you'll pay the difference) and you'll have to pay the reseller's fee of 10% of the sale price. Resale prices do not go up when the DVC sale price goes up. Dues will still need to be paid by the end of January even if you got a buyer today. It takes about two months to close a resale.

A loaded contract sells faster than a stripped contract.
__________________
Deb - DVC Member since '97
OKW and VWL Homes

Stop the madness. No more DVC construction.
Bring back Vacation Magic. Dump Disney Files!
Stopped drinking the Kool-aid long ago.
Deb & Bill is offline   Reply With Quote
Old 12-05-2012, 06:32 PM   #14
JimMIA
A little Miami humor...
 
JimMIA's Avatar
 
Join Date: Feb 2005
Location: Miami, Wyndham Great Smoky Mountains, and EVER (Everglades National Park)
Posts: 11,096

Quote:
Originally Posted by CaptDadSparrow View Post
Three years ago AKV direct was what 100-$110 per point? I wish I has purchased on our first tour last year. It was $120 per point. We are closing on 135 (discounted on the cruise $7 per point).

I digress...

As of Dec 19Th I think AKV is going to $150 per point.

What I would then assume is the resale and rental value would also be going up per point.
What an incredibly inaccurate assumption!

AKV is selling on the resale market for about 1/2 what you are paying with your "discounted" price.

The price has been dropping since AKV first appeared on resale. In fact, I think AKV has probably fallen faster than any other resort.
JimMIA is offline   Reply With Quote
Old 12-05-2012, 06:37 PM   #15
DizBub
Totally Addicted
 
Join Date: Dec 2010
Location: Washington, IL
Posts: 1,716

Quote:
Originally Posted by CaptDadSparrow View Post

What I would then assume is the resale and rental value would also be going up per point. If that's true, you may be surprised to see you are not in a bad position to sell or rent with out to much loss at all.
Sorry, resale value will most likely remain the same, about $60-$65 for AKV. Rentals will run between $10-$12. A broker charges $13 and the renter gets $10.

OP, for what you would end up selling for and paying all the fees to the selling agency you could be in the hole, depending on the outstanding balance of your contracts. Again, I would seriously consider renting.
If you do decide to sell don't forget that a "loaded" contract will be much more attractive to buyers than a stripped one.
DizBub is offline   Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

DVC-Resales.com | 1-800-550-6493 (Contact The Timeshare Store) | DVC Resale Listings

facebooktwittergoogle plus youtube itunesDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 12:20 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.