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

Thread Tools Rate Thread Display Modes
Old 02-14-2013, 09:24 AM   #1
curiouser and curiouser
Join Date: Nov 2002
Location: Through the looking glass
Posts: 673

Vero Beach resales

With the resale cost being so low per point -Tell my why you wouldn't buy a Vero Beach resale other than the dues cost being so high? Are there other tangible cons?
June 1996-offsite Nov 2002-FW cabins Sept 2003-BWV March 2004-ASMo Oct/Nov 2004-BWV Nov/Dec 2005-POR Sept/Oct 2006-CBR 2007-2011 failing economy hit us hard... Aug 2012-BLT/AoA May2013-SSR Adult Trip! Sept 2014-POP Claires 14th b-day trip

SYDNCLAIRESMOM is offline   Reply With Quote
Old 02-14-2013, 10:00 AM   #2
I'm happy to dance with you
I have 2 opinions
We had tried usual things to keep them away, including something like coyote urine, it is sold in hardware stores by us
bobbiwoz's Avatar
Join Date: Aug 2003
Location: Washington Township OH and Cape May NJ
Posts: 58,277

IF the resort was sold or destroyed by huricanes, the people who own wouldn't be part of the DVC family. This is a topic that comes up every so often.

I own at VB, 200 points, and I use those points primarily at VB. The CMs there are wonderful. It's a great resort for me and my family and friends. However, I wouldn't buy there if I wasn't going to stay there sometime.

bobbiwoz is online now   Reply With Quote
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 02-14-2013, 10:33 AM   #3

Earning My Ears One At A Time
disneynutz's Avatar
Join Date: Dec 2006
Location: North Texas
Posts: 17,741

Do the math and decide if you will be happy taking a chance at 7 months trying to book elsewhere.

You have to ask yourself, if it is such a good idea, why isn't VB sold out with a waiting list? If demand drives up the cost, why is VB priced so low, no demand?


disneynutz is offline   Reply With Quote
Old 02-14-2013, 11:06 AM   #4
DIS Veteran
ssawka's Avatar
Join Date: Oct 2007
Location: Northern Virginia
Posts: 3,428

You need to add in the maintenance fees and see if it is such a great deal. VB has the highest MFs in the system.

Please show your support for GKTW!

"A man should never neglect his family for business." -W. Disney

"Disneyland is a work of love. We didn't go into Disneyland just with the idea of making money." -W. Disney

"Adults are only kids grown up..." -W. Disney

(Me) (DD 12)

ssawka is offline   Reply With Quote
Old 02-14-2013, 03:32 PM   #5
DIS Veteran
kristenrice's Avatar
Join Date: Apr 2006
Location: Michigan
Posts: 3,820

As DVC continues to grow and add more resorts, the competition at 7 months will get tighter and tighter. The number of owners at each resort is finite, but the number of DVC members will grow until DVC stops building properties. If they continue to expand off-site, then the competition for WDW resorts will get even tighter for those who chose to purchase off-site. We bought a small add-on at HHI with the intention of using those points only at HHI. We have our AKV points for when we plan to stay at WDW, even if it is not at AKV. If you plan to primarily use your points at WDW, then you should buy at an on-site resort.

Another thing to remember is that DVC can limit your points usage to your home resort only. I believe this would be a limitation that they would have to put in place across the board (i.e. not just restricting resale buyers) but Dean would know more about that than I would. My point is simply to ask yourself if you would still enjoy your ownership if you could only use it at Vero Beach. If that restriction were put in place, you would probably have a very difficult time selling your contract if you were no longer happy with it and you would be saddled with the costly annual dues. You would have to find a buyer that wants to stay at Vero Beach and take on the maintenance fees at a cost that would pass ROFR. (I doubt anyone would bid $1 on eBay, knowing that it would get taken)

2001 OKW 2002 WL for HONEYMOON!January 2008 POP/OKW October 2008 AKV GIRLS ONLY! June 2009 AKV October 2009 POP with my BFF for my Birthday April 2010 AKV April 2011 HHI Oct 2011 BLT/BWV with DSiL June 2012 GRAND GATHERING at OKW April 2013 HHI November 2013 AKV *1st Half-Marathon*Oct 2014 Surprising the Nieces at AKV
kristenrice is online now   Reply With Quote
Old 02-14-2013, 03:39 PM   #6
Lynne M
Lynne M's Avatar
Join Date: Nov 2001
Posts: 8,903
DISboards Moderator

Originally Posted by SYDNCLAIRESMOM View Post
With the resale cost being so low per point -Tell my why you wouldn't buy a Vero Beach resale other than the dues cost being so high? Are there other tangible cons?
That would be quite enough of a con for me. The dues are going to make up the bulk of your ownership cost of DVC over the years. You'd save a bit of money up front, but pay considerably more over the long haul than you would for, say, SSR or OKW.
Lynne M is offline   Reply With Quote
Old 02-14-2013, 03:43 PM   #7
DIS Veteran
lovin'fl's Avatar
Join Date: Jun 2011
Posts: 3,712

This is the 2nd time I have read in a thread that if our DVC villa that we are deeded gets destroyed (or in this thread, it said, if you own VB and it gets wiped out in a hurricane) than we are out of DVC...done. Doesn't DVC have insurance to rebuild if such a thing occurs? Just wondering.
lovin'fl is offline   Reply With Quote
Old 02-14-2013, 03:55 PM   #8
I thought all sand was ground up rocks
He's used to walking n00bies
Join Date: Aug 2006
Location: Winston-Salem, NC
Posts: 8,002

Originally Posted by lovin'fl View Post
Doesn't DVC have insurance to rebuild if such a thing occurs? Just wondering.
depends. if the damage is fully covered by insurance, probably.

if insurance doesn't fully cover the damage, they could go with a "special assessment" (extra maintenance fees) as was considered - but not ultimately needed - in the 2004 thread below:


Vero took a pretty good beating with the two hurricanes. There was a lot of beach and dune erosion. There was no catastrophic structural damage but there was wind and water damage. We haven't had an "accounting" by DVC but conjecture was that the ferocious winds forced water into the buildings causing damage to carpet, furniture, floors, etc. There was also some siding and shingle damage.

Once DVC determines the costs that will be covered by insurance and government programs, they are going to issue a special assessment to Vero owners to cover the costs...
but they could also decide to pay out the insurance proceeds to the owners and call it a day...

chalee94 is offline   Reply With Quote
Old 02-14-2013, 04:02 PM   #9
DIS Veteran
crisi's Avatar
Join Date: Feb 2002
Posts: 22,413

They aren't obligated to rebuild and they a permitted to pass along any costs that aren't covered by insurance to the owners. If they don't rebuild, owners would get a check. Some people believe that VB has been so disappointing to Disney that they wouldn't rebuild.
crisi is offline   Reply With Quote
Old 02-14-2013, 04:55 PM   #10
DIS Veteran
lovin'fl's Avatar
Join Date: Jun 2011
Posts: 3,712

Very interesting. My DH was drawn to VB for the cheap resale prices...but this info as well as the higher MF and the possibility that DVC could change up the rules where we could ONLY book at our home resort...those are 3 reasons that I am glad we didn't buy VB points. Plus we live in MD and HH is closer.

Last edited by lovin'fl; 02-14-2013 at 05:27 PM.
lovin'fl is offline   Reply With Quote
Old 02-14-2013, 05:23 PM   #11
DIS Veteran
ELMC's Avatar
Join Date: Jul 2011
Location: Connecticut
Posts: 1,979

The crossover point where VB becomes more expensive than SSR or OKW can be as soon as five years. So ask yourself this, would you want to save yourself some money now and pay more for 25 out of the next 30 years? I know I wouldn't.

The reason to own at VB is if you enjoy going there during the prime summer months, where you might need the 11 month booking window. Even then, I would rather pay a $3.50 premium per point to rent VB points from an owner than to own the contract myself.
ELMC is offline   Reply With Quote
Old 02-22-2013, 09:44 PM   #12
disney54us's Avatar
Join Date: Aug 2007
Posts: 1,542

Originally Posted by SYDNCLAIRESMOM View Post
With the resale cost being so low per point -Tell my why you wouldn't buy a Vero Beach resale other than the dues cost being so high? Are there other tangible cons?
Having several add on contracts one being VB (a small one 70 pts). I would say that if you are buying for the low price in hopes of using it at WDW, aside from the high maintenance price p/point. It is harder to get a reservation for exactly when and where you want during a 7 month booking window. SSR, I have been reading has a lowering resale value, not surprised and yes I have two add ons there too. Over built, sold and the rest is history as they move on IMHO. Point is, that if you are looking for DVC to vacation in WDW, I would look for a resort there. As other posters have said it will be your maintenance fees that end up far out weighing your loan and you will always carry the cost throughout ownership..... the maintenance fees.

I've been unbirthday'd



disney54us is offline   Reply With Quote

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

All times are GMT -5. The time now is 12:29 PM.

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

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