To sell or not to sell?

[Electro]

We purchased 200 SSR points for $83.30 per point back in 2005. I have rented points a few times and we have gone down once with another trip planned for early next year.

However, we are considering selling those points because frankly, we're not crazy about SSR. We also financed the points and still owe $11k on the loan with no immediate hope of paying it off.

After renting points to others twice with no drama at all, I am thinking that being a renter is the way to go for us.

Thoughts? Also, do you think, after SSR is sold out, that we will have a lot of trouble unloading our points for $80/point?

[DVC-Owner]

Hello Electro...

Just an idea, but have you considered selling 100 or 120 of your points? I have noticed that the lower the amount of points being sold, the higher the resale value.

This plan may serve two purposes for you. Firstly, the proceeds of the sale of these points can go to pay off your existing loan, while secondly, you will retain 80 to 100 points for your continued enjoyment of Disney.

If you decide to sell all of your SSR points, I don't see any reason why you won't be able to sell for $80/point, especially if you are patient.

Cheers,
DVC-Owner

[JimP]

Hello Electro...

Just an idea, but have you considered selling 100 or 120 of your points? I have noticed that the lower the amount of points being sold, the higher the resale value.

This plan may serve two purposes for you. Firstly, the proceeds of the sale of these points can go to pay off your existing loan, while secondly, you will retain 80 to 100 points for your continued enjoyment of Disney.

If you decide to sell all of your SSR points, I don't see any reason why you won't be able to sell for $80/point, especially if you are patient.

Cheers,
DVC-Owner

You can only sell part of your points if they are in more than one sub-contract already. Disney will not allow you to split a contract.

/Jim

[JimP]

Also, do you think, after SSR is sold out, that we will have a lot of trouble unloading our points for $80/point?

I think that most people buy SSR because of its relatively low cost, and low MFs. Many people cannot book until within the 7 month mark and it makes the most sense to buy SSR in that case.

I think the resale cost will be a function of the economy... not if SSR is sold out or not.

/Jim

[glypnirsgirl]

What are SSR points selling for at resale now? I watch the resale sights pretty closely and it seems that most are offered for about 80 to 82 --- or am I just mistaken.

Elaine

[tomandrobin]

It all depends on the number of points and wether the contract is loaded or stripped.

[glypnirsgirl]

Okay for 200 points a Dec UY and no 2007 points left, but all of the 2008 points coming on line??

[greenban]

Okay for 200 points a Dec UY and no 2007 points left, but all of the 2008 points coming on line??

I'd pay $52.35 :jawdroppi per point, but that's just me ;) (And it is SSR after all)

-Tony

[gblast123]

We purchased 200 SSR points for $83.30 per point back in 2005. I have rented points a few times and we have gone down once with another trip planned for early next year.

However, we are considering selling those points because frankly, we're not crazy about SSR. We also financed the points and still owe $11k on the loan with no immediate hope of paying it off.

After renting points to others twice with no drama at all, I am thinking that being a renter is the way to go for us.

Thoughts? Also, do you think, after SSR is sold out, that we will have a lot of trouble unloading our points for $80/point?

I just looked at the listings at the Timeshare Store for SSR. There are a number of listings with an asking price of $80 but you need to understand that TSS as well as other brokers will ask for a commission of 10-15% (depending on the agency), so even if you get your asking price of $80, you will net $72.

Also, you need to look at how many points you have for your 08 and 09 UY. If they are full, then you shouldn't have a problem for $80 (or slightly more). However, if you have used those points, then expect to get 78 or 79. (before the commission hit).

I would definately try to sell before BLT comes online or before DVC comes out with some of their other promotions.

If you need any help or want to ask me any question, email or call me at 646-808-0737.

David
gblast123@yahoo.com

[Carol]

I'd hang on to them for awhile and in the meantime, rent out any points I couldn't use. My reasons:

1. You have trip planned for early next year. Reservation will be cancelled if there is a sale (unless you close after the trip is done).

2. You still have loan to pay. By the time you pay the sales broker (assume you don't have a buyer in the wings), you aren't going to clear much money.

3. Tree House Villas. See Tony's Deep Croaker info on this. If the THV become part of SSR, I think it will increase the value of your SSR points, especially if DVC decides that the THV should be reserved only for points (like they did with the Boardwalk view units and the 2 bedroom w 2 Queen units at the BCV). I think those are going to be VERY popular. Maybe they will even change your mind about SSR. I'm not an SSR fan, but THV would change my mind!

Good luck.

[Blue&Gold]

You can always list the contract and see what offers come in... You don't HAVE to sell.

[greenban]

I'd hang on to them for awhile and in the meantime, rent out any points I couldn't use. My reasons:

1. You have trip planned for early next year. Reservation will be cancelled if there is a sale (unless you close after the trip is done).

2. You still have loan to pay. By the time you pay the sales broker (assume you don't have a buyer in the wings), you aren't going to clear much money.

EMPHASIS ADDED... 3. Tree House Villas. See Tony's Deep Croaker info on this. If the THV become part of SSR, I think it will increase the value of your SSR points, especially if DVC decides that the THV should be reserved only for points (like they did with the Boardwalk view units and the 2 bedroom w 2 Queen units at the BCV). I think those are going to be VERY popular. Maybe they will even change your mind about SSR. I'm not an SSR fan, but THV would change my mind!

Good luck.

I totally agree with Carol here. THV would absolutely change the worth of SSR points to me and my family. *IF* THV remain a part of SSR *AND* are the next resort sold (after BLT, before Hawaiiiiiiiii), they will be amazing. I am just hoping they are not spun off, but I don't think there are enough of them to justify/financially support that.

I expect when SSR booking categories are finally annouced (sources tell me software is already in place, (not DC this time)), I am hoping that THV will be a category! This would explain the delay in implementing SSR ressie categories quite nicely, no? (OKW's time between decision and implementation was on the order of months, not years, BTW)

-Tony

[tomandrobin]

I totally agree with Carol here. THV would absolutely change the worth of SSR points to me and my family. *IF* THV remain a part of SSR *AND* are the next resort sold (after BLT, before Hawaiiiiiiiii), they will be amazing. I am just hoping they are not spun off, but I don't think there are enough of them to justify/financially support that.

I expect when SSR booking categories are finally annouced (sources tell me software is already in place, (not DC this time)), I am hoping that THV will be a category! This would explain the delay in implementing SSR ressie categories quite nicely, no? (OKW's time between decision and implementation was on the order of months, not years, BTW)

-Tony

This could also explain the interest lately from DVC responding to SSR catagory requests.

[Electro]

It all depends on the number of points and wether the contract is loaded or stripped.

Hi everyone,
Thanks for your responses. DH and I are still on the fence. Our contract would be pretty loaded-- 211 '08 points, 200 '09 points...

What we're tryng to figure out now is that, since we know that we will take at least 10 more disney trips in the coming years (we have a 16 month old and plan to grow our family by at least one more) and staying at DVC properties is a must, we might be better off to bite the bullet now and just work to pay off the loan. Theoretically in 15 years when we're be ready for fewer Disney vacations, the SSR points will still be worth something.

ARG. I love being a member, but I hate having to pay for it!

[Electro]

I'd hang on to them for awhile and in the meantime, rent out any points I couldn't use. My reasons:

1. You have trip planned for early next year. Reservation will be cancelled if there is a sale (unless you close after the trip is done).

2. You still have loan to pay. By the time you pay the sales broker (assume you don't have a buyer in the wings), you aren't going to clear much money.

3. Tree House Villas. See Tony's Deep Croaker info on this. If the THV become part of SSR, I think it will increase the value of your SSR points, especially if DVC decides that the THV should be reserved only for points (like they did with the Boardwalk view units and the 2 bedroom w 2 Queen units at the BCV). I think those are going to be VERY popular. Maybe they will even change your mind about SSR. I'm not an SSR fan, but THV would change my mind!

Good luck.

Oh, how do you like that? We used to stay at the Tree Houses when I was a kid ever year. Talk about personal nostalgia. I actually saw the biggest spider of my life there one year. It was prehistoric. The size of a large starfisth. I shudder just thinking about it.

[cheapmom]

I like Carol's suggestion best- if you can rent out the points and pay off your loan without trouble- I would just keep doing that. Also- you don't like ssr- but what about the other resorts- have you tried using your ssr points elsewhere?

Of course nothing is certain- but when DVC sells out of SSR and stops offering incentives- then cool new resorts come online like CR, HI, GC... THV? as part of SSR:fingerscr that could bode well for SSR point values.

Good luck

[OttawaWendy]

I totally agree with Carol here. THV would absolutely change the worth of SSR points to me and my family. *IF* THV remain a part of SSR *AND* are the next resort sold (after BLT, before Hawaiiiiiiiii), they will be amazing. I am just hoping they are not spun off, but I don't think there are enough of them to justify/financially support that.

Sorry, I'm lost in the issue of timing of the potential THV sales. Why would the longterm SSR point value be affected by whether THV was before or after Hawaii?

Can someone remind me again as to why they think THV would be part of SSR and not independant? Is this related to the idea that they would then be able to avoid making wheelchair accessible units, or is it related to minimizing infrastructure for amenities?

[Carol]

Can someone remind me again as to why they think THV would be part of SSR and not independant? Is this related to the idea that they would then be able to avoid making wheelchair accessible units, or is it related to minimizing infrastructure for amenities? I think it's the latter. There aren't very many Tree Houses and it would cost a lot less an be quicker if they were just a section of SSR. When they were available to the general public back in the 80's, the tree houses were part of the Disney Village complex and shared the check in area, pools, buses, restaurants etc. with the other resort buildings that were torn down to build SSR.

I don't think the ADA issue has anything to do with it. They would only have to make 1 or 2 of them accessible to be in compliance and I'm pretty sure they would have to do that even if they are destined to be part of SSR.

[Blue&Gold]

Can someone remind me again as to why they think THV would be part of SSR and not independant?

Legally, the land on which they sit are already part of SSR. I'm not an SSR owner but several trusted MOs have pointed out that the plot of SSR included in filings with Reedy Creek Improvement District include the THV area. Now, there's no reason why Disney can't re-district/zone/ whatever, or just establish a new resort if they are willing to accept the costs.

[JimP]

You can always list the contract and see what offers come in... You don't HAVE to sell.

One warning... If TSS (and presumably other brokers) bring you a full price offer... then you do not need to sell... but you do owe them the commission.

/Jim

[hilaw]

Been watching resale availability and sales prices.
In the past three months...
Is it my imagination or has (1) availability of SSR listings for resale dramatically increased, and (2) SSR prices dropping more than other DVC resort resales?

SSR resale prices seem to be continuing on a downward trend. Some new listings are below $80/point and not stripped.

I have SSR and don't like the trends I'm seeing presently.

[NYDVC]

yOU know, if you rent out you points, that would play your maintenance and part of your loan. You have to do the numbers, but I wonder if that would allow you to keep the 200 until the pricing increases. Eventually, I think the price will go up. I think it typiclally has once the inventory is sold.


I am in you shoes somewhat. although I dont have a loan, I do have 200 points and was not thrilled at SSR. but instead of s4elling I am reanting. that will atleast pay the maintenance and help with the cost of the sandwich down the road. If I do that.