Just bought and trying to resell/ get out

[kanerf]

Case in point. I recently bought 392,000 points at Dolphins Cove in Anaheim, CA for a total of $101.

 

[Floridaman76]

Yes, they decided that emulating Westgate was the way to go. It’s a bold strategy, let’s see how it works out for them.

If it does work, it's because the cult of Disney is very strong and members are chronic apologists. The mouse can so no wrong...

Westgate doesn't have such sway on it's owners

 

[vacation911]

Yes, but mostly that has impacted the newer properties' resale value, because those are locked to their home resort, while the older properties still all have access to each other.

So if I buy a resale older DVC contract, I still have access to all the older properties, but if it's a newer property, and I buy resale DVC I only have access to that one? Do I understand that correctly? Thanks!

 

[vacation911]

We do have a loan, but can pay it off, would that make it more sellable?

Then someone could take it over. It will never be sellable in the sense of recouping any of that loan money really.

 

[dioxide45]

Yes, they decided that emulating Westgate was the way to go. It’s a bold strategy, let’s see how it works out for them.

Well, it isn't quite as bad as Westgate. Though, like Westgate, they don't allow you to trade into other resorts in their system. But still not as bad as the Westgate home resort 60 day reservation limitation on their newer deeds (since about 2009 or so).

 

[dioxide45]

Then someone could take it over. It will never be sellable in the sense of recouping any of that loan money really.

You will never recoup the money you paid for the timeshare. Not the interest, not the principle.

 

[RX8]

So if I buy a resale older DVC contract, I still have access to all the older properties, but if it's a newer property, and I buy resale DVC I only have access to that one? Do I understand that correctly? Thanks!

If you purchase resale at one of the original 14 DVC resorts, you can use those resale points at any of the original 14 resorts. If you purchase a resale at one of the new resorts, which right now are Riviera, Villas at Disneyland Hotel and Cabins at Fort Wilderness, you will only be able to use those resale points at your home resort.

 

[ShawnH]

We bought 1,000 points for a net cost of $95 per point, OKW, expires 2057. Developer, not resale.

it must have been your post i read then. Honestly thats a pretty sweet deal. Hope you enjoy the heck out of it.

 

[ShawnH]

Didn't DVC recently devalue resale by not allowing access to newer properties?

Yes, they decided that emulating Westgate was the way to go. It’s a bold strategy, let’s see how it works out for them.

If it does work, it's because the cult of Disney is very strong and members are chronic apologists. The mouse can so no wrong...

Westgate doesn't have such sway on it's owners

I suppose it kinda depends on how you look at it and why the value is to you and your use. To my mind limiting resale use on the newer resorts to just that resort hurt the new properties resale value and had a minimal impact on the original resorts resale value. There is still quite a bit of useable time left on those dvc contracts even the non extended OKW. However Rivera is a pretty nice resort, and if the resale price is right then i can see someone not minding the restriction. the reason resale is so attractive is the savings. Sure there are some restrictions but at the end of the day im sure most of the restrictions are a decent tradeoff for the money saved.

But like in RickandCindy23's case the scooped up a heck of a developer deal for the price of resale and if you can catch those kinds of prices developer its certainly worth it, but 1000 points is far more then id ever need. 150-200 is a pretty sweet spot for my needs. But its a moot point for me currently as i kinda need to wait and see how buisness pans out this year, and see if I infact will be making annual trips to orlando for buisness for it to make any kind of sence. I will be leaving for bonnet creek in 19 days for buinsess in and around disney so there is that.....