The previous couple of months have been very enlightening as I went by means of the resale course of for the primary time. And the second. And the third (don’t decide).
My first resale contract was for 250 factors at Boulder Ridge at an unbelievable $89 some extent. I assumed for certain Disney was going to take that contract. For individuals who might not be conscious, Disney reserves the appropriate of first refusal on any DVC contract that’s being bought. As soon as a purchaser and vendor come collectively on a value, and the paperwork is signed all good and authorized, Disney has 30 days to quash your DVC desires like a bug. Now, I’ll be trustworthy – I’m keen on the saying “instantaneous gratification takes too lengthy” as a result of it describes me completely. I’m not a affected person man and it has been mentioned that essentially the most harmful place on the earth is between me and one thing I would like 🙂
On daily basis I watched my e-mail for one thing from my agent Jerry Sydow at The DVC Retailer. He did a very good job of managing my expectations – saying that Disney would probably take that contract as a result of the worth was so low. He additionally instructed me that, on common, it takes about 60 days from the time you make your supply to the time when factors truly present up in your account, and that was just about what occurred.
It took about 2 half of weeks (2 half of weeks of rocking backwards and forwards in entrance of my laptop like a heroin addict) when the phrase got here that the contract had handed!!
As excited as I used to be about it, my ‘wait’ wasn’t over…
The subsequent a part of the method was going by means of closing. That’s whenever you ship in your cash – wire switch or licensed test (I went the licensed test route since my financial institution is not going to do wire transfers over the cellphone). As soon as they obtained my signed and notarized paperwork (I’ve change into associates with the notary on the native UPS retailer btw), and as soon as they obtain the closing paperwork from the vendor, the transaction is taken into account closed and the paperwork despatched to Disney (and to the county to document the deed).
And, as excited as I used to be that all the things had closed, the wait nonetheless wasn’t over…
Now I needed to look forward to Disney. They obtained my paperwork on April 2nd – and to make an extended story brief, the factors didn’t present up in my account till April 18th – simply shy of the 2 months that Jerry had predicted.
Whereas it’s true that if I had gone direct by means of Disney, I’d have had the factors in my account the following day, I needed to think about simply how a lot cash I saved. Disney fees $176 some extent (or, on this case, $44,000) for a direct buy at Boulder Ridge (you’ll be able to nonetheless purchase direct from Disney for ‘bought out’ resorts. You might need to waitlist for them, however they do promote straight). As a substitute of the $176 per level nonetheless, I paid $89 (or $22,250). That’s actually about half the worth. It took 54 days to get the factors, however I saved over $20okay by going resale. Now, in all equity, it is a little bit of an uncommon state of affairs due to how cheap the factors had been. Nevertheless, on common, the worth per level at Boulder Ridge on the resale market is about $95 some extent (which might have ended up being about $1500 greater than I paid). Nonetheless a tremendous deal and considered one of many causes that I’m sticking with resale!