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What are the average prices for Disney? I've called a couple of places and they said $75/point? Is that true? Seems pretty high to me. What are the prices from the developer?
TIA,
Suzy
TIA,
Suzy
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Suzy,
Try this link to Lee Reid Timeshares, he sells Disney points and Fairfield points.
http://reid4florida.com/disney_hot_buys.htm
It seems his Disney prices are in the $70 - $75 range. -
Thanks! I haven't called there.Comment
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Suzy,
Disney will agressively use their Right of First Refusal (Rofr) if the price us too low. $75 might seem high, but that seems about right to me and only for points at Old Key West or Vero Beach. Points at the other DVC resorts are going for much higher. And if you are looking for a small contract and do not currently own DVC then it doesn't matter at which resort, be prepared for a price closer or even over $90 per point.
With DVC it doesn't really matter what the asking price is, what matters is what is the current prices that are getting by ROFR. A good broker will be aware of this and do their best to guide you. Keep in mind though that no matter what, that broker gets their commission whether the points are sold to you or whethor Disney excercises the ROFR and buys them back themselves.
The other thing to keep in mind is that while price usually plays a part in the whole ROFR selection process, sometimes it just seems like Disney throws darts at all the contracts and decides that way which contracts to ROFR.
Buying DVC points on the resale market can save you money, but you do need to be patient and be aware that if the contract gets ROFRed, you are back to square one.
DVC is currently selling SSR for I think $101 per point and older resorts for about $95 per point. I know there is also some incentives, but not sure exactly. We just purchased 55 HH points for $89 per point from Disney in June before the price increase. We got into the DVC system by purchasing 25 points at Vero beach for $95 per point, earlier tries for less per point got ROFRed.
Lisa
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Lisa,
Thanks for your guidance. Looks like asking prices isn't as flexible as I had hoped. I'm trying to decide on the number of points to start out with also.
Thanks again for your help.
SuzyComment
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Suzy,
I am going to try to post a link to a thread on the DIS discussion boards where they have been keeping track of what has been rofr'ed. Hope it works.
http://www.disboards.com/showthread....6#post13558326
I have two thoughts as to number of points.
One, you cannot break a contract up later to sell or for inheritance purposes. So if you have 3 kids, 3 50 point contracts may be better than one 150 point contract. Also, if you purchase 150 points and find you only need 100, you can't go and sell 50 points of it. Of course what you can do then is add on a new contract for 100 points and then sell the 150 point contract. Doable, but a pain.
Second, think carefully about your needs. I am saying this based on my recent purchase experience. I automatically thought I would just add on 50 points at Hilton Head. Keeping in mind that I plan on banking one year and borrowing one year each time I use these points so I will have 3 years worth of points to use each time I make a reservation. Well, during the time frame I would like to go I would need 165 points for the unit I want. 3 years worth of points is only 150 points if I went with the 50 point contract. I would be short each time and would probably have to shorten our stay. Instead, I decided to add on 55 points, which gives me the 165 every 3 years for a 2 bedroom at Hilton Head during prime time for 5 nights. If I hadn't caught this before I purchased (and of course the guide did not suggest it), then I eventually would have had to add on 25 points (the minimum add on) to do what I wanted or rent points from other DVC members each time.
The DIS boards are a great resource and you have all of us here. And you can also feel free to ask me anything either on the board or privately.
Lisa
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Seth Nock is a great Disney reseller
I would use him over any other. He is easy to find on a google search, no need me giving you his phone number because that is how I would have to find him myself. I am definitely going to buy Villas at Wilderness Lodge, or whatever the name of that resort is, from Seth, probably 250 to 300 points. I am sure that I will get the best deal from him plus less in closing costs.Comment
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We purchased our small Vero Beach contract thru Seth. We have also used the Timeshare Store. We would highly recommend either of them. Seth is great with other timeshares also.
Lisa
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Our first purchase was for 150 points through Disney at VWL. We have added on since in increments from 25 to 50. What's nice about those small add-ons is we can will or give away different amounts of points that way to our kids. We just gave some of our BCV points to my parents.
From what I've been hearing, the sold-out DVC's that are attached to deluxe Disney hotels go for more money - BCV, VWL, and BWV. BCV goes for the highest, then BWV and VWL. OKW will be under those three, but higher than HH or Vero.
HH and Vero are the cheapest point wise to buy. But Vero's dues are high compared to the other DVC's.
Don't forget that if you buy a 150 master contract, you could always buy small add-ons through Disney (might be a wait list for your use year, though). That way you wouldn't be stuck with a larger 250 to 300 points contract if you ever wanted to downsize 25 or 50 points (if your travel habits change or if you want to give some points to family).Comment
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Wow, thanks for the wonderful responses. I am learning so much already. I will have to study more before I want to make a deal.
SuzyComment
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I find that DVC is unique among (almost) all timeshare developers in that their policy is to aggresively use their Right of First Refusal. I often believe that the whole timeshare industry would be better off is all development companies used right of first refusal to eliminate the discrepancy between retail and resale prices.
But I digress. The reason I replied to this thread is to solicit opinions as to when DVC prices will fall dramatically as the RTU period ends. Does it make sense that the resale price would be 50% of the current retail price once you are half way through your RTU period? (Isn't that about 50 years when you buy retail?
Would appreciate your thoughts on both these issuesComment
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ROFR guarantees nothing
GO back to previous threads to find out why ROFR is not a friend to timeshare owners. It is not a guaranteed buy back minimum level of price but a method for the developer to grab up low cost units and resell them again at greatly inflated prices. The seller still gets the lower price.Originally posted by gregoryrp
As for when the prop on prices will end for DVC no one knows. Thats part of the problem. But at some point - may be at the 50% mark or before or after - Disney will reach the spot where they know the value of the remaining time isn't worth the ROFR price. They will start to pass regardless of the low prices offered. Once it occurs it's too late for the long term lease holders to get out nearly intact. The bottom will fall out and DVC pricing will be no different than any other RTU or deeded timeshare. The value of being on site will be mitigated by the high annual fees and lack of product to resell in XX years. Remember they can keep the annual fees as high as they are or even raise them right up until that last year. If they want the units back in brand new condition to resell to the next group of RTU lessors they could do it. In any case they are already some of the highest annual fees per square foot you'll find and they aren't suddenly going to go down.
I like the DVC timeshares and I understand the attraction some have to the "magic" of the theming. But whenever I hear that the buyers "can always get their money back out" due to the DVC ROFR or the history of resales to date I get very nervous. Anyone who buys into that theory is in for a bad shock in the not too distant future especially for the earliest ending RTU periods.Comment
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Lucky loves Disney
We purchased DVC HHI resale & DVC Animal Kingdom Villas direct from Disney
DVC has sent us beautiful gifts and also offers us discounts on annual passes
Suzy - you got mail!
Check out TSForums Disney Board
and my recent post on Tug FloridaComment
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Rofr
[QUOTE=timeos2;131254]timeos2:GO back to previous threads to find out why ROFR is not a friend to timeshare owners. It is not a guaranteed buy back minimum level of price but a method for the developer to grab up low cost units and resell them again at greatly inflated prices. The seller still gets the lower price.
You seem to have changed your tune since this post made by you in 2005 (below). If the developer can buy back and sell at inflated prices, more power to them! The seller does not matter who buys their property, only that they get a higher price. If the developer exercised ROFR, at a price high enough that will encourage investors to buy retail than resale, it's a win-win, especially for buyers who will see the value of their investment retain its value.
posted by timeos2 in December 2005:
It takes FF awhile to react
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I would think that eventually FF will wake up to the fact that effectively keeping resale values in points low hurts rather than helps them sell retail. When they do the gravy train on inexpensive FF resales will dry up but right now they are just about the best bargain in points based systems.
Perhaps they have already made moves to correct this but gave it to their inhouse closing department which means if the regualr procudures are followed it will be close to a year before anything happens!Comment
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