DVC RESALES
DVC RESALES

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Old 08-29-2013, 08:09 AM   #1
Ccann
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Interested in learning about resale..

So where does one come to learn about the ins and outs of buying DVC? The Dis...

I am completely new to this, the only thing I know is it is cheaper to buy from an individual then DVC Club. Is that true?

I really want to buy DVC points and my plan is to visit Disney often.. what advice can you give this newbie?

Where should I go looking for contracts?

Would two differently families be able to go in on one contract? Or better to split to 2 small contracts?

Thank you for taking the time to respond.
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Old 08-29-2013, 10:22 AM   #2
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My advice is that you spend time reading the various posts here on the DIS, your questions are asked often. You will get a good feel of how the DVC works, the pluses and minuses.

Good luck and have fun!

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Old 08-29-2013, 10:28 AM   #3
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Quote:
Originally Posted by disneynutz View Post
My advise is that you spend time reading the various posts here on the DIS, your questions are asked often. You will get a good feel of how the DVC works, the pluses and minuses.

Good luck and have fun!

Bill
Bill is so right, most of us started in the same way and can and have shared our experiences on this board. Look at the big resale companies, DVC by Resale, resales dvc, Fidelity and Timeshare Store and also read, read read the posts on this board, going back pages and pages!!! ! I wish I had fully understood the difficulty of a September UY when looking for resale contracts before I bought one with a Sept UY...that, ans so much more, I learned here from my brilliant, helpful and more experienced friends!!

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Old 08-29-2013, 10:58 AM   #4
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There is a lot of information here and you can get an idea of what types of contracts are currently available and price by looking at the main DVC resale brokers--there is a link at the top to The Timeshare store to give you can idea.

Things to think about and learn that I think are important:

1. Understand the product and what you are and are not buying--you are buying the right to reserve your home resort as well as any other resort that remains part of the DVC club--nothing more, nothing less--perks come and go.

2. Resale points purchased after March, 2011, have restrictions on them in terms of some other non-DVC options, such as the Disney cruise, etc. While most of us find that using points for those options doesn't give the same value as using for DVC, only direct points will allow for those options.

3. UY--if you travel at specific times of the year, it can be good to have a UY that starts just before your typical travel times as it allows for more flexibility if you have to cancel or change a trip at least 31 days out--less than that and there are other rules. No one UY will be good for all times of travel but if you know there are certain patterns you plan to continue, considering certain UY is a good idea.

4. Choose a home resort that you at least will enjoy staying. Many of us buy where we like staying since booking others is getting harder and harder.

5. Understand the booking window for reservations as DVC works better for those planning well in advance. Short term books--ie: a few months--is not easy with DVC.

6. DVC busy times don't necessarily coordinate with parks busy times. October through mid-January is very DVC busy and most book 11 months in advance. Hit the 5 - 7 month mark for those times and its going to be tough finding much.

7. Ask a lot of questions, no matter how small!!

Good luck!
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Old 08-29-2013, 11:19 AM   #5
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It's a timeshare. If you decide to purchase with another person, should something happen financiallly to that person, the timeshare becomes property that they might lose (and you). It's better to start smaller (and more affordable) than go in with someone else.

Plus as much as you see about using DVC for cruises, vacations all over the world, it really works best to use DVC for DVC. If you aren't planning on visiting WDW annually (every other year at a minimum), it might not be a good purchase for you.

Also, if you look for sales, discounts, bargains in your vacations, DVC isn't those at all. You'll never get free dining with a DVC points stay. You'll never get "book four nights get three nights free" with DVC points stays. You won't get free park admission for kids with DVC. If you regularly stay in value resorts or offsite, DVC will wind up costing you more.
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Old 08-29-2013, 02:24 PM   #6
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Originally Posted by blessed2BaMama View Post

Bill is so right, most of us started in the same way and can and have shared our experiences on this board. Look at the big resale companies DVC By Resale, www.***************, Fidelity and Timeshare Store and also read, read read the posts on this board, going back pages and pages!!! ! I wish I had fully understood the difficulty of a September UY when looking for resale contracts before I bought one with a Sept UY...that, ans so much more, I learned here from my brilliant, helpful and more experienced friends!!
What do you mean by "difficulty of a September UY?"
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Old 08-29-2013, 03:35 PM   #7
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Quote:
Originally Posted by timandjanl

What do you mean by "difficulty of a September UY?"
If you travel mainly in the summer, a Sep UY puts you at extra risk of losing pts if you need to cancel.

If you travel in the fall (and never in June, July and Aug), then a Sep UY is perfect.
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Old 08-29-2013, 04:23 PM   #8
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If you travel mainly in the summer, a Sep UY puts you at extra risk of losing pts if you need to cancel.

If you travel in the fall (and never in June, July and Aug), then a Sep UY is perfect.
I understand that. I am waiting on ROFR on a contract with a sept use yr so that comment worried me. But we travel in the fall so we should be fine.
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Old 08-29-2013, 07:10 PM   #9
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So where does one come to learn about the ins and outs of buying DVC? The Dis...
Start here:

http://www.mousesavers.com/other-dis...vacation-club/
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Old 08-29-2013, 07:24 PM   #10
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I am completely new to this, the only thing I know is it is cheaper to buy from an individual then DVC Club. Is that true?
Buying from an individual is commonly called a "resale". It's definitely less expensive. For example, the direct price from Disney for Animal Kingdom Villas (AKV) is (with incentives) is about $130-$140 per point. Via resale, it's about $70-$80 per point. Typically, you'll need between 100 to 200 points, depending on how you vacation.

It's similar to any real estate transaction and there usually is a broker acting as an intermediary. They typically receive a commission paid by the seller. Typically, the buyer pays closing costs, usually in the range of about $400-$600.

Quote:
I really want to buy DVC points and my plan is to visit Disney often.. what advice can you give this newbie?
Make sure you learn all you can before buying. Resales appear on the market all the time and prices are high right now. Take the time to understand what you are getting yourself into.

Understand the financial aspects and make sure you can afford it. Some DVC members get foreclosed on because they got in over their heads.

Quote:
Where should I go looking for contracts?
I suggest searching the internet for "DVC resales".

Quote:
Would two differently families be able to go in on one contract? Or better to split to 2 small contracts?
Yes, a DVC membership can have more than one owner. Most financial advisers I know say it's a bad idea for two families to share joint ownership of anything.
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Old 08-29-2013, 07:55 PM   #11
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www.dvcnews.com has good information too. Good luck!
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Old 08-29-2013, 10:13 PM   #12
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THANK YOU for the links and suggestions on where to start frist. I know I could search my questions, but if I did that with out some direction I would be so overwhelmed with all the posts.

I am compiling my questions as I know there will be a DVC talk aboard our cruise in December. But I have a good start to weigh in on the pros and cons of buying points/ time share.

Thanks again
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Old 08-30-2013, 09:06 AM   #13
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Look through the FAQs on the big resale brokers sites, here is The Timeshare Store's FAQ: http://www.dvc-resales.com/faq.htm

Sent from my iPad using DISBoards App, please excuse any typos or autocorrects!
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Old 08-30-2013, 09:13 AM   #14
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We purchased direct for the first time in 2010 at BLT just because there's not a lot of resale for that resort which was new then.

If we add points it will be resale unless its for a new DVC resort again. Didn't have funds to add on at GFV so hopefully we will have money to spare for Poly DVC
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Old 08-30-2013, 01:33 PM   #15
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Originally Posted by Ccann View Post
THANK YOU for the links and suggestions on where to start frist. I know I could search my questions, but if I did that with out some direction I would be so overwhelmed with all the posts.

I am compiling my questions as I know there will be a DVC talk aboard our cruise in December. But I have a good start to weigh in on the pros and cons of buying points/ time share.

Thanks again
You will want to remember that on board the cruise, you will only hear the direct purchase side of the discussion. Sometimes resale makes more sense. Weigh your purchase decision carefully.
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