Best Time of Year to buy DVC Resale - The DIS Discussion Forums

melindaPR · 01-17-2013, 10:40 AM

I'm wondering if any of you have noticed a better time of the year to look for and find good resale contracts. Maybe it's towards the end of the year, as MF are approaching for owners? Or, do you think it varies based on UY? It doesn't seem like there are as many contracts right now as other times of year, but I haven't been watching the resale market long enough to recognize a pattern. Just curious if any of you have noticed a time of year when more owners are deciding to sell their contracts.

Smile&Nod · 01-17-2013, 12:06 PM

I have 3 contracts and am about to list two of them - my timing reason was that I used one of the two for a vacation starting 1/27. You can't settle on a contract until after a booked vacation so that is why I waited. A lot of the owners authorize monthly debits out of their bank accounts for the fees so i only pay mine 1/12th at a time so I don't know if that factors in. If other folks are waiting until after they take vacations using the points then less people vacation in the winter so maybe less available? Just a thought.

puffkin · 01-17-2013, 12:26 PM

Just from my observations, a lot of people tend to buy contracts with their income tax refunds/annual bonuses, so it seems March-May are busier buying times. We are actually looking at purchasing right now and hoping to get a good offer in before the tax refund checks come out!

BrerNashville · 01-17-2013, 12:59 PM

I'd be surprised if there's any consistent rhyme or reason to it. DVC people travel a little differently than other Disney goers (ever try to get ressies 7 months out for the first two weeks of December, an otherwise "off" season?) but there's still enough to fill most weeks.

Two of the most common reasons for selling -- can't afford the financing, or you realize you simply don't (want to) travel to Disney as much as you thought you would anymore, can spring up at any time.

bakenatj · 01-17-2013, 08:24 PM

I would say that there is a spike in contracts for sale when MF are due. So end of December and the month of January. So if you are looking to buy now is a good time.

melindaPR · 01-17-2013, 08:51 PM

Interesting insights. Assuming our contract makes it through ROFR (30 days, including weekends and holidays, is next Friday!), I won't be in the market for at least a few years. It is cool to get perspectives on pro DVC owners, sellers, and buyers who have been watching these listings for longer than I have. Thanks!

GOOFY D · 01-17-2013, 09:52 PM

Quote:

Originally Posted by bakenatj

I would say that there is a spike in contracts for sale when MF are due. So end of December and the month of January. So if you are looking to buy now is a good time.

That's what I had heard, but have not seen it this year.

a742246 · 01-18-2013, 08:00 AM

Prices have been inching upwards this past year, so until Disney starts to sell GF, prices will probably remain stable.. What I noticed though the best time to buy loaded or fully loaded contracts are mid year (you may have a better chance of seller paying MF too).

DougEMG · 01-18-2013, 02:08 PM

Quote:

Originally Posted by bakenatj

I would say that there is a spike in contracts for sale when MF are due. So end of December and the month of January. So if you are looking to buy now is a good time.

That's what I always thought, but it doesn't seem to be happening this year. If anything prices seem to be a little bit higher this year then this time last year. And definitely less supply of BWV contracts.

Caren90 · 01-18-2013, 03:18 PM

Quote:

Originally Posted by DougEMG

That's what I always thought, but it doesn't seem to be happening this year. If anything prices seem to be a little bit higher this year then this time last year. And definitely less supply of BWV contracts.

I believe this is completely a supply (or lack thereof) issue. Fewer contracts seem available.
Stephen

bakenatj · 01-18-2013, 03:43 PM

Quote:

Originally Posted by DougEMG

That's what I always thought, but it doesn't seem to be happening this year. If anything prices seem to be a little bit higher this year then this time last year. And definitely less supply of BWV contracts.

I agree that this year there doesn't seem to be a ton of contracts on the market. I did just agree on one and waiting for the contact to sign so it can go to ROFR. Got a 150 BLT for $83 pp. I paid MF seller paid closing. It was my UY which seems to lacking in BLT contracts lately. I am happy with it.

amypetecar · 01-20-2013, 08:47 PM

Quote:

Originally Posted by DougEMG

That's what I always thought, but it doesn't seem to be happening this year. If anything prices seem to be a little bit higher this year then this time last year. And definitely less supply of BWV contracts.

Oddly, BWV are selling relatively cheap in the mid-50's

amypetecar · 01-20-2013, 08:52 PM

I think listings go up when new membership fees are announced... People on the bubble about selling see the increased rates and put their contract on the market.

Dsnrunner · 01-30-2013, 06:03 PM

Quote:

Originally Posted by bakenatj

I paid MF seller paid closing. It was my UY which seems to lacking in BLT contracts lately. I am happy with it.

I am about to make an offer on a resale at BWV. You stated that the "seller" will be paying the closing cost. Is this common? or is this something which must be negotiated with the seller and broker?

ELMC · 01-30-2013, 06:09 PM

Quote:

Originally Posted by Dsnrunner

I am about to make an offer on a resale at BWV. You stated that the "seller" will be paying the closing cost. Is this common? or is this something which must be negotiated with the seller and broker?

Anything can be negotiated. However, in the far majority of cases the buyer pays the closing costs. You will get more mileage negotiating the price per point as buyers tend to find it less offensive, for lack of a better word. Good luck!

01-17-2013, 10:40 AM	#1
melindaPR Earning My Ears Join Date: Dec 2012 Posts: 46	Best Time of Year to buy DVC Resale I'm wondering if any of you have noticed a better time of the year to look for and find good resale contracts. Maybe it's towards the end of the year, as MF are approaching for owners? Or, do you think it varies based on UY? It doesn't seem like there are as many contracts right now as other times of year, but I haven't been watching the resale market long enough to recognize a pattern. Just curious if any of you have noticed a time of year when more owners are deciding to sell their contracts.

01-17-2013, 12:26 PM	#3
puffkin DVC Owner- SSR & AKV Join Date: Apr 2001 Location: Reading, PA Posts: 8,409	Just from my observations, a lot of people tend to buy contracts with their income tax refunds/annual bonuses, so it seems March-May are busier buying times. We are actually looking at purchasing right now and hoping to get a good offer in before the tax refund checks come out! __________________ ~Kelly~

01-17-2013, 08:24 PM	#5
bakenatj Mouseketeer Join Date: Sep 2009 Location: Iowa Posts: 464	I would say that there is a spike in contracts for sale when MF are due. So end of December and the month of January. So if you are looking to buy now is a good time. __________________ 1985 DL, 1989 DL, 2001 DL, 2003 WDW, 2005 WDW, 2006 WDW, 2008 CSR, 2009 AKV-K, 2010 BLT, 2011 OKW, 2012 OKW, 2013 Aulani

01-17-2013, 08:51 PM	#6
melindaPR Earning My Ears Join Date: Dec 2012 Posts: 46	Interesting insights. Assuming our contract makes it through ROFR (30 days, including weekends and holidays, is next Friday!), I won't be in the market for at least a few years. It is cool to get perspectives on pro DVC owners, sellers, and buyers who have been watching these listings for longer than I have. Thanks! __________________

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01-17-2013, 12:06 PM	#2
Smile&Nod Mouseketeer Join Date: May 2009 Posts: 211	I have 3 contracts and am about to list two of them - my timing reason was that I used one of the two for a vacation starting 1/27. You can't settle on a contract until after a booked vacation so that is why I waited. A lot of the owners authorize monthly debits out of their bank accounts for the fees so i only pay mine 1/12th at a time so I don't know if that factors in. If other folks are waiting until after they take vacations using the points then less people vacation in the winter so maybe less available? Just a thought.

01-17-2013, 12:59 PM	#4
BrerNashville Mouseketeer Join Date: Apr 2011 Posts: 427	I'd be surprised if there's any consistent rhyme or reason to it. DVC people travel a little differently than other Disney goers (ever try to get ressies 7 months out for the first two weeks of December, an otherwise "off" season?) but there's still enough to fill most weeks. Two of the most common reasons for selling -- can't afford the financing, or you realize you simply don't (want to) travel to Disney as much as you thought you would anymore, can spring up at any time.

01-18-2013, 08:00 AM	#8
a742246 older than dirt Join Date: Feb 2008 Location: Vermont Posts: 765	Prices have been inching upwards this past year, so until Disney starts to sell GF, prices will probably remain stable.. What I noticed though the best time to buy loaded or fully loaded contracts are mid year (you may have a better chance of seller paying MF too).

01-20-2013, 08:52 PM	#13
amypetecar DIS Veteran Join Date: May 2008 Posts: 600	I think listings go up when new membership fees are announced... People on the bubble about selling see the increased rates and put their contract on the market.