DVC or Resale?
About This Page: This is a discussion on DVC or Resale? within the Owning the Magic: Disney Vacation Club, part of the PassPorter Community - Message Boards and Forums; I am looking to add on some points but here is the problem. I am finding some good deals on ...

Cinderella072004 · 03-15-2005, 07:25 PM

I am looking to add on some points but here is the problem. I am finding some good deals on some resale sites but I am scared about the way they work. I am just not sure how is goes, how do you know it is lagit? Has anyone bought from a resale and how did it go? I would appreciate any help big or small thanks!

infinity&beyond · 03-16-2005, 05:37 PM

I have bought with resale and through Disney, and both were seamless. The resale process does take a while to go through, up to two months, but for me it was worth the savings! Plus, if you are interested in buying at one of the sold out resorts, you pretty much have to go through resale. Just be sure to work with a reputable resale company. I used the Timeshare Store and they seem to have lots of experience with DVC resales so they really know the drill.

**disneymom9092** · 03-16-2005, 06:24 PM

We have only bought through DVC. Remember to find out how much time is left on a resale. If they purchased in 1994 for example, you would only have it for 29 years versus 50 at SSR.

**Jillybean** · 03-17-2005, 10:57 AM

Twice through DVC so far. I just feel at tad more "at ease" going through them. They do pay closing costs also which decreases your immediate out-of-pocket expenses.

I am not totally ruling out buying resale in the future though.

I think it just depends on the situation and how comfortable you feel buying resale.

Good Luck!

Jill

Cinderella072004 · 03-17-2005, 12:41 PM

Thanks guys, I feel more at ease with dvc also but I could save @ 1,000 with resale. And the one I am looking at is at a sold out resort?

I don't know I am still thinking. But thanks for all your help!

Addicted2Disney · 03-17-2005, 01:12 PM

We're in the process of buying through The Timeshare Store right now, and they are pros with everything. So far it has been an incredibly easy process, and we got a great deal!

Also, can someone explain to me -- I thought all the resorts expired in 2040, except SSR which expires in 2054. Anyone know?

**HiddenMickey** · 03-17-2005, 02:52 PM

[ QUOTE ]

Also, can someone explain to me -- I thought all the resorts expired in 2040, except SSR which expires in 2054. Anyone know?

[/ QUOTE ]

I think that's correct, only SSR has a later date. But I thought it was 2042 for the others. -HiddenMickey

Cinderella072004 · 03-18-2005, 12:23 PM

That is correct.

infinity&beyond · 03-18-2005, 01:54 PM

One thing to consider in your price through resale is that you will have to pay closing costs. This can make a difference in the end price. As far as "sold out" resorts go, right now Disey is only selling SSR, however you can be put on a waiting list to purchase one of the other resorts through Disney. Disney buys back some of the resales, then sells them to people who prefer to buy through Disney.

It's important to buy at the resort you like best. I own at BWV and the 11 month booking advantage is extremely helpful for getting a Boardwalk view! I also own at SSR, and I want to use those points to stay at BWV during the food and wine festival, but so far I'm on a waiting list.

DISNEYGOOF · 03-24-2005, 04:04 PM

[ QUOTE ]
One thing to consider in your price through resale is that you will have to pay closing costs. This can make a difference in the end price.

[/ QUOTE ]How big a chunk does the closing costs take out of your savings from going through re-sale?

Addicted2Disney · 03-28-2005, 03:55 PM

My closing costs on 150 points at OKW were $450.

DISNEYGOOF · 03-29-2005, 01:49 PM

[ QUOTE ]
My closing costs on 150 points at OKW were $450.

[/ QUOTE ] <font color="blue">THANKS! That's not too bad considering points are $95.00 now at SSR. Even with the $5.00 off (each point) special we were quoted by our DVC rep. early March. </font>

LoveWL · 04-07-2005, 07:45 AM

We bought both of our memberships via resale and it was painless (well, except for signing the check). Our VWL purchase took, if memory serves, about six weeks. We signed our contract to purchase at OKW a month ago, passed Disney ROFR on March 31, and are now awaiting the final documents from the closing company. Our closing costs for 230 points is $525, plus we are paying the dues on the 209 points banked from 2004.

dizPlanner · 04-11-2005, 07:13 PM

I purchased from A Timeshare Brocker - no problems at all. I wouldn't hesitate to purchase from The Timeshare Store or DVC By Resale either.

Closing costs for 150 points cost me $450.

I also paid maintenance costs for the 2004 points (purchased in November 2004).

Adding up the point cost, closing and maintenance, I figure I paid $81/point for VWL points and Disney was selling for $89. So I saved about 10% or $1200.

You will need to pay cash or arrange your own financing. Not an issue for me, but is for some.

Disney is faster as you need to wait for Disney's Right of First Refusal. Mine went quick - took about six weeks start to finish for me.

Karen

03-15-2005, 07:25 PM	#1 (permalink)
Cinderella072004 Community Rank: Traveler Join Date: Oct 2002 Location: New Jersey Posts: 386	DVC or Resale? I am looking to add on some points but here is the problem. I am finding some good deals on some resale sites but I am scared about the way they work. I am just not sure how is goes, how do you know it is lagit? Has anyone bought from a resale and how did it go? I would appreciate any help big or small thanks!

03-16-2005, 05:37 PM	#2 (permalink)
infinity&beyond Community Rank: Trekker Join Date: Dec 2001 Location: Sacramento, CA Posts: 1,214	Re: DVC or Resale? I have bought with resale and through Disney, and both were seamless. The resale process does take a while to go through, up to two months, but for me it was worth the savings! Plus, if you are interested in buying at one of the sold out resorts, you pretty much have to go through resale. Just be sure to work with a reputable resale company. I used the Timeshare Store and they seem to have lots of experience with DVC resales so they really know the drill.

03-17-2005, 12:41 PM	#5 (permalink)
Cinderella072004 Community Rank: Traveler Join Date: Oct 2002 Location: New Jersey Posts: 386	Re: DVC or Resale? Thanks guys, I feel more at ease with dvc also but I could save @ 1,000 with resale. And the one I am looking at is at a sold out resort? I don't know I am still thinking. But thanks for all your help!

03-17-2005, 01:12 PM	#6 (permalink)
Addicted2Disney Community Rank: Sightseer Join Date: May 2004 Location: Louisiana Posts: 76	Re: DVC or Resale? We're in the process of buying through The Timeshare Store right now, and they are pros with everything. So far it has been an incredibly easy process, and we got a great deal! Also, can someone explain to me -- I thought all the resorts expired in 2040, except SSR which expires in 2054. Anyone know?

03-18-2005, 12:23 PM	#8 (permalink)
Cinderella072004 Community Rank: Traveler Join Date: Oct 2002 Location: New Jersey Posts: 386	Re: DVC or Resale? That is correct.

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03-18-2005, 01:54 PM	#9 (permalink)
infinity&beyond Community Rank: Trekker Join Date: Dec 2001 Location: Sacramento, CA Posts: 1,214	Re: DVC or Resale? One thing to consider in your price through resale is that you will have to pay closing costs. This can make a difference in the end price. As far as "sold out" resorts go, right now Disey is only selling SSR, however you can be put on a waiting list to purchase one of the other resorts through Disney. Disney buys back some of the resales, then sells them to people who prefer to buy through Disney. It's important to buy at the resort you like best. I own at BWV and the 11 month booking advantage is extremely helpful for getting a Boardwalk view! I also own at SSR, and I want to use those points to stay at BWV during the food and wine festival, but so far I'm on a waiting list.

03-24-2005, 04:04 PM	#10 (permalink)
DISNEYGOOF Community Rank: Trailblazer Join Date: Oct 2003 Location: BURLESON TX (near Ft. Worth) Posts: 5,337	Re: DVC or Resale? [ QUOTE ] One thing to consider in your price through resale is that you will have to pay closing costs. This can make a difference in the end price. [/ QUOTE ]How big a chunk does the closing costs take out of your savings from going through re-sale?

03-28-2005, 03:55 PM	#11 (permalink)
Addicted2Disney Community Rank: Sightseer Join Date: May 2004 Location: Louisiana Posts: 76	Re: DVC or Resale? My closing costs on 150 points at OKW were $450.

03-29-2005, 01:49 PM	#12 (permalink)
DISNEYGOOF Community Rank: Trailblazer Join Date: Oct 2003 Location: BURLESON TX (near Ft. Worth) Posts: 5,337	Re: DVC or Resale? [ QUOTE ] My closing costs on 150 points at OKW were $450. [/ QUOTE ] <font color="blue">THANKS! That's not too bad considering points are $95.00 now at SSR. Even with the $5.00 off (each point) special we were quoted by our DVC rep. early March. </font>

04-07-2005, 07:45 AM	#13 (permalink)
LoveWL Community Rank: Adventurer Join Date: Jul 2003 Location: Long Island, NY Posts: 850	Re: DVC or Resale? We bought both of our memberships via resale and it was painless (well, except for signing the check). Our VWL purchase took, if memory serves, about six weeks. We signed our contract to purchase at OKW a month ago, passed Disney ROFR on March 31, and are now awaiting the final documents from the closing company. Our closing costs for 230 points is $525, plus we are paying the dues on the 209 points banked from 2004.

04-11-2005, 07:13 PM	#14 (permalink)
dizPlanner Community Rank: Traveler Join Date: Jan 2004 Location: Fort Collins, CO Posts: 295	Re: DVC or Resale? I purchased from A Timeshare Brocker - no problems at all. I wouldn't hesitate to purchase from The Timeshare Store or DVC By Resale either. Closing costs for 150 points cost me $450. I also paid maintenance costs for the 2004 points (purchased in November 2004). Adding up the point cost, closing and maintenance, I figure I paid $81/point for VWL points and Disney was selling for $89. So I saved about 10% or $1200. You will need to pay cash or arrange your own financing. Not an issue for me, but is for some. Disney is faster as you need to wait for Disney's Right of First Refusal. Mine went quick - took about six weeks start to finish for me. Karen

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DVC or Resale? About This Page: This is a discussion on DVC or Resale? within the Owning the Magic: Disney Vacation Club, part of the PassPorter Community - Message Boards and Forums; I am looking to add on some points but here is the problem. I am finding some good deals on ...

DVC or Resale?
About This Page: This is a discussion on DVC or Resale? within the Owning the Magic: Disney Vacation Club, part of the PassPorter Community - Message Boards and Forums; I am looking to add on some points but here is the problem. I am finding some good deals on ...