Please help me understand the new restrictions when buying resale About This Page:

[Timon_HakunaMatata]

Originally Posted by Her Dotness

Probably. No way to know without calling DVC which you can't do until after your resale contract clears DVC, and you are officially DVC members.

Disney picks up VGF (and other) resales every so often via their "right of first refusal." The proposed resale contract must get Disney's okay before it's a done deal. If Disney thinks the price too low, they buy it, and the prospective buyer gets to start all over again. That's why buying a resale can be majorly iffy.

We just added 100 points through Disney resale at Old Key West. Called them, told them what we wanted, waited a couple weeks until they found resale in our use year, and bought them. Full benefits as original sale because it's through Disney sales. Different than resale from individual owners or other companies. And the contract is through 2049 I think...same as our AKL points.

I'd speak to a representative, tell them you would want to buy at GF and how many points you want. Just be ready to pay for them when they come available. They won't hold them long before selling to the next person wanting them.

[Her Dotness]

Originally Posted by Timon_HakunaMatata

I'd speak to a representative, tell them you would want to buy at GF and how many points you want. Just be ready to pay for them when they come available. They won't hold them long before selling to the next person wanting them.

For adding on, yes, Disney will wait list.

However, we called and were told they don't wait list initial buyers.

Plus, the price would undoubtedly be higher than a non-direct resale for the same number of points.

[sleepydog25]

Originally Posted by Her Dotness

You make a good point, sleepydog, that converting half of WL to villas made business sense to Disney.

I wasn't aware that WL often didn't book up to expectations. Interesting.

I can believe that converting that many of its rooms to villas and demolishing the VWL/BRV complex once its contract ends may be the plan.

Good point, Dot. What they do with current VWL owners is unknown. I'll be old and grizzled by then, so it's not an issue for me, but it will be for others. They could very well just raze the whole thing and bring back some wilderness.

[Her Dotness]

I don't recall where I saw the discussion (not on this forum), but much was said about the contracts obligating both parties only until the termination date.

People emphasized that legally speaking Disney isn't obliged to do anything once a timeshare contract expires. That's what an end date means ultimately--it's sharing for a specific timespan which will end. You and your heirs get however many years to enjoy its benefits, and then there simply are no more after the expiration.

As sleepydog mentioned above, offering extensions to OKW owners was not well-received. I gather that many felt the price per point to extend was ridiculously high, and most felt that as loyal owners they deserved a far greater break than Disney offered.

In any case, Disney may figure that the DVC resorts get so much use that 50 years total is about the limit in terms of cost-effective upkeep. Thus, demolishing them may be Disney's best option. Rebuilding? Maybe, maybe not.

[Her Dotness]

Originally Posted by chezp

...I wonder how many people who already own there [VWL/BRV] would really want to add on there in Copper Creek? After all, if they already own through Disney, they could go through resale to buy more Boulder Ridge points....

A contract ending in 2042 isn't a big concern for me since we've no children to leave it to. Furthermore, I could easily be pushing up daisies somewhat before then.

For people in their late 20s to 30s, adding on CCV would make a whole lot more sense than adding points to a BRV contract. People that age now might easily live somewhat past 2042 and have a nowhere contract in 25 years if they bought more BRV points. Adding on CCV gradually could become an eventual replacement.

Even someone in their early to mid-40s now could live longer than a BRV contract will last. Starting to buy CCV points to use now for more varied or longer stays and then selling their original BRV contract within the next 5 years or shortly thereafter could make a lot of sense. Then, they'd use the money acquired to buy into whatever new resort they wanted and create another "rollover" as their legacy if they wanted to leave it to kids.

The CCV contract expires on 1/31/68, I read on DISboards.

[norm & linda]

[QUOTE=

In any case, Disney may figure that the DVC resorts get so much use that 50 years total is about the limit in terms of cost-effective upkeep. Thus, demolishing them may be Disney's best option. Rebuilding? Maybe, maybe not.[/QUOTE]

Again, I agree with Dot. As an owner of BCV, BWV and AKV, I also think this might also be Disney's preferred option and as owners we won't be extended that additional years option.

Although, I would love it.

[chezp]

Originally Posted by Her Dotness

The CCV contract expires on 1/31/68, I read on DISboards.

Do you know what - these contract expiry dates are becoming scary... with the Beach Club Villas, they're on my 70th birthday. I'm cool with that. These... well, if I make it, I'd be 95... I don't even want to think about that....

[Angela531]

Originally Posted by chezp

Do you know what - these contract expiry dates are becoming scary... with the Beach Club Villas, they're on my 70th birthday. I'm cool with that. These... well, if I make it, I'd be 95... I don't even want to think about that....

[Her Dotness]

Originally Posted by chezp

Do you know what - these contract expiry dates are becoming scary... with the Beach Club Villas, they're on my 70th birthday. I'm cool with that. These... well, if I make it, I'd be 95... I don't even want to think about that....

Your final sentence is a very significant one, IMO. It relates to what I suspect was a lack of conscious awareness on the part of the OKW owners which led to their anger about being charged much more per point for the extension. Profit and other economic motives aside, Disney had to charge more for the very practical reason that maintenance and upkeep of aged buildings cost more and more the older such buildings become.

Emotionally speaking, I think owning DVC FEELS like owning one's home. Except in actuality it isn't. This feeling is what may lead a good many owners to regard DVC ownership unwisely.

Home ownership has no time limit. Barring calamity, you can count on leaving your house to heirs because you can be fairly sure it will outlast you if suitably maintained.

The cold, hard fact of timeshare ownership is that you "own" x-many years of access with a declared end date. That's quite a different sense of ownership that I don't think registers both intellectually and emotionally for people. They know, of course, that the contract(s) they have contain an expiration date but feel that DVC ownership = home ownership.

Do DVC owners think in terms of what contract expiration actually signifies? I suspect many don't.

[sleepydog25]

Agree, Dot. Too many DVC "owners" don't see the end game of what is a timeshare, though as they go, a relatively strong one. When my wife and I bought VWL a number of years ago, we looked at the end date of the contract and decided, "perfect!" While we both have kids, we don't have any intention of leaving the contracts to them barring a calamity. By the time the contracts expire, we'll be at the age we most likely won't be headed to Disney often if at all. If we do want to continue coming, by then we could pick up a small CCVC or PVB contract for cheap money.

[Her Dotness]

Yup, sounds rather like us regarding our contract end date.

Only twenty-five more years rendered both DH and me nonchalant about "That's all, folks!"

I looked at contract end years and laughed. At my age, I definitely may expire before any current resort contracts will!