Contemplating Resale

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Spook's picture
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Contemplating Resale

After doing some research DH and I are thinking that buying DVC from Disney isn't worth it for us. I've heard that resale can be significantly cheaper so now we're wondering about that route. I'm just wondering what you guys think and if you can offer any advice or opinions. We usually stay at a Value and are perfectly happy doing so. We really only sleep in the resort and spend most of our time in the parks. However, I imagine that someday (like when we have kids) we'd spend more time at the resort (for naps and such). Then again, maybe that won't be the case or will only last while the kids are younger.
Do you think resale would be worth it? Even if we just break even I'd be happy. 150-170 points would be plenty for us.

I don't know what it is, but for some reason I just want to be able to call myself a DVC member Wink

Kristen K.'s picture
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I can't really offer resale advice. What I can say however is that buying DVC is the best purchase that we have ever made and our only regret about it is that we didn't buy more points right off the bat. To my husband and I DVC is absolutely worth it no matter how you buy. Hopefully someone else can give you some resale advice.

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I agree with Kristen- DVC has been a great purchase for my family. I've bought direct twice and resale twice at two different resorts. At this point, with the outrageous amounts Disney is charging, I would only consider resale. Why pay twice as much? The best piece of advice I can give you no matter how you buy is, buy where you want to stay. It gives you peace of mind.

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Spook's picture
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I read on another thread that you should buy where you want to stay so I'll definatly keep that in mind. Another question I just thought of is, if it's 69 points for a week at AKL is it 69 points flat rate or does it go up if you have 4 people instead of 2 (I know at the resorts its more for a room with 4 adults than with 2).

Kristen K.'s picture
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Points per night are flat rate for the room no matter how many people are in it. However that 69 can change depending what week of the year you travel. The rates are still seasonal when paying points.

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I am a huge fan of a DVC resale! We bought a resale based on the price per point, the end of the contract, the history of the maintenance fee increases. We bought at SSR. LOVE it there! With a resale, you have the opportunity to watch and wait for a contract that has banked points. We started our contract with twice the points we purchased. LOVE THAT!

I kept an eye on a few different sites. We made 2 offers and had one contract that was broken by the seller before we finally jumped on a 3rd offer that stuck! The good ones with 100% points banked and all current UY points available disappear in minutes. You have to keep a pretty close watch on what comes up.

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Tammi

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Can't say enough about resale! I got my points for about 60 percent less than what they go for direct. I have noticed that the prices are skewing up a bit lately since Grand Floridian came on line - fewer contracts, way higher prices. Hold out for what you want - it will come around as the end of the year approaches and those maintenance fees are due. Also noticed some selling contracts to buy into GF.

As you can see, I stalk the resale listings for steals. No cost to look! awesome

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Spook's picture
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Glad to hear the positives of resale awesome
Are there any sites you recommend?

One other question, what happens when your contract expires? Do you have to start all over or is there a renewal?

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The general thought is that you have to start all over. They are not obligated to offer an extension. However - if I remember correctly - Old Key West owners have already been offered the chance to purchase extensions to their contracts.

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The sites that I kept an eye on are

www.dvcbyresale.com

www.resalesdvc.com

www.fidelityresales.com

We ended up buying from Fidelity because that is where we found a contract that would work for us.

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Tammi

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Instead of buying a DVC, have you thought of renting someone else's units? We rented a two bedroom unit at Jumbo House about three years ago and it was great. Rental process was painless and we had a unit Savana view at a fraction of what two Savana rooms would of cost us booking from the lodge itself.

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pinkflamingotravel wrote:
Instead of buying a DVC, have you thought of renting someone else's units? We rented a two bedroom unit at Jumbo House about three years ago and it was great. Rental process was painless and we had a unit Savana view at a fraction of what two Savana rooms would of cost us booking from the lodge itself.

I have actually just recently thought about renting. I'm alittle apprehensive about not booking through Disney though (we've never done that before). I wouldn't mind renting to get an idea of what DVC ownership is like. mickey
From the research that we've done so far, it still isn't going to be any savings for us by buying resale over Disney. We might be able to break even (or at least come close). However, I'm not sure what it is but DVC ownership just seems so appealing to me. Maybe I'm just crazy laugh

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We booked our week through David's Vacation Vacation Club Rentals. I found them online and I was nervous about it but he has a very professional website. It's http://www.dvcrentals.com. Like I said we rented a two bedroom, two bath with a kitchen and living area. The Jumbo area is the older part, we liked it because it was close to the main lodge that was very beautiful. He rents all DVC properties. You may want to check his site out and chat with him online. He's currently chatting if you're interested.

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You're not crazy! It appeals to me too, but at this point, I can't justify spending the money when I know there are things (like new windows for the house) that would be more practical. Less fun and magical and won't bring me nearly as much joy, but more practical!!

Second the suggestion on renting points. I am in the midst of renting points from David's DVC by Request (the company Pink Flamingo mentioned). Thus far it's been EASY. Only issue is that you have to pay upfront (not really an issue issue, but I was hoping to spread it out to make payments but it is what it is) so you're locked in when you sign the agreement. Also, any changes you make have to be made by the member who rented you their points with David's acting as the middle man. It's not a big deal, it just takes longer than calling Disney and making them over the phone (for example, to add my sister to the reservation, I had to send David's an email, they sent the member an email, and then it took a few days to get confirmation she'd been added). Same with the dining plan - if you get it, the member books it for you, not David's, so there's a disclaimer about paying with gift cards if you don't want to hand your credit card number over. These are minor details, overall the process thus far has been painless and I was able to get a Kidani Village room at AKL for only $10 more/night then for the same time frame at POR.

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pinkflamingotravel's picture
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I knew I should of been a real travel agent and not a imaginary one! mickey

Spook's picture
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I just saw on the Timeshare Store a resale that is exactly what we're looking for. Sadly, we don't plan on buying until we get the house paid off. Curse you mortgage! gaah

I need to stop looking but I'm so addicted! I've always got to be looking/researching some sort of Disney related topic laugh

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We just purchased a resale through DVC By Resale! It was an easy process! We got a great deal but I will tell you that prices have gone up a LOT since we made our bid. We asked about this and the realtor told us that she has since prices go up considerably. We made a accepted bid at the beginning of April.

We will purchase again to add to our points but we will be waiting until things settle down a bit or we get lucky with a lower bid. We will absolutely do it through resale. awesome

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Kim

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Yep, I am a huge fan of resale. There was definitely a low price window there for a while! I was really fortunate to shoot the gap - maybe it will come back around. Hope you got to do that too.

I have seen a few high ones lately that are priced that way because the seller still owes Disney a bunch. But patience pays off. wink

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I was just looking at the resale lists at a few sites. The lists are CONSIDERABLY shorter than they were when we purchased our resale in 2011.

The lists were so long when we were looking for the perfect contract that I kept getting confused about which one I was looking at. I think at fidelityresales.com I had at least 6 pages, if not more, printed out of just SSR resales. I just looked the other day and I could almost see the whole SSR resale list on my computer screen without scrolling. And the prices are much higher for contracts that have points available right now.

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Tammi

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Uh oh! Now I'm getting worried that the prices will just keep going up up up sad
Is it kind of like the housing market where prices can go back down at some point or do you think it'll be like room rates and stay on the rise?

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I think it will get better. Keep watching toward the end of the year, as folks balk at the maintenance fees. I do still see reasonably priced SS contracts, but very few AKV and BW as low as I bought. BUT, there a few that are being sold so the owners can put the $$ toward the new GFV.

I think I will stay put on my pts for now.....if I work that 11th month booking window, I can snag the value studios and go a lot more often. mickey

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I've been contemplating buying into DVC through one of the resellers for some time now. I seem to recall that prices were considerably lower during last winter. For example, Wilderness Lodge points are going for about $80 now, but I think they were closer to $70 early this year. Am I mistaken, or do others recall those lower prices? I'm hoping that prices come down later this year.

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Poppy44

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Poppy44 wrote:
I've been contemplating buying into DVC through one of the resellers for some time now. I seem to recall that prices were considerably lower during last winter. For example, Wilderness Lodge points are going for about $80 now, but I think they were closer to $70 early this year. Am I mistaken, or do others recall those lower prices? I'm hoping that prices come down later this year.

Prices were much lower prior to March 2013, which is when Disney raised their resale prices for all resorts. Next, in April/May Disney began to exercise ROFR on a considerable number of low priced contracts in the resale market(many more than they had in recent history, which is how resale prices had become so low in the first place). This has driven reseller prices way up, compared to 2012/early 2013. Still much cheaper to purchase through reseller rather than Disney, but via ROFR, Disney can impact reseller prices, up or down.