Ok, so we bought our DVC through Disney. We bought at Saratoga Springs. Love the DVC. Would really like to get Beach Club. That would have to be through resale. I thought about selling our SS and then purchasing BCV. But our expiration date would be 2042. I was told that once the deed expires you no longer own it. Is that true.
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Expiration question
- Thread starter wolfeman
- Start date
sxeensweet
Love a little Disney every day!! ;)
Yep once you reach the year the deed is through you no longer own. At that point they may continue and offer people to keep it but no one knows because no resorts have reached those dates yet. But yes technically it is over the year they give you which would be 2042. Most of us owners will just see what happens when those dates come. 
slappy magoo
Well-Known Member
But consider this - you can go on ebay and buy other people's (non-DVC) timeshare deeds in near-infinite locations throughout the world for a penny. The thing about most timeshares - indeed, what used to be considered a selling point - is that the timeshare is yours, to keep, forever. It's real estate. You own that tiny piece of the property. You can sell it whenever you want for a tidy li'l profit. But as the maintenance fees escalate, and people age out of easy travel and find their kids don't necessarily want the responsibility of maintaining that deed, or couples get divorced and need to split assets, suddenly that "investment" is an albatross around the necks of many owners, and they're literally giving their deeds away - here take it just assume the maintenance fees and TAKE IT - or they offer it up themselves as a rental property, maybe for a profit, maybe not depending on how high the fees are and how much of a glut of properties are available in that area at that time. Time share organizations include that eventuality as part of its long term business plan, knowing people will default on their maintenance fees and they can snap the rights back and resell or rent the property themselves when people tire of their ownership or just can't afford it any longer.
DVC, yes, your deed reverts back to Disney at a certain point guarantees, but you'll have taken decades of vacations in that time, and then have no further responsibilities to the organization. If your kids don't dig Disney, DVC retains or at times surpasses the original purchase price so if you bequeath your property, they can sell and probably do OK, unlike most other timeshares.
DVC, yes, your deed reverts back to Disney at a certain point guarantees, but you'll have taken decades of vacations in that time, and then have no further responsibilities to the organization. If your kids don't dig Disney, DVC retains or at times surpasses the original purchase price so if you bequeath your property, they can sell and probably do OK, unlike most other timeshares.
Both sxeensweet and slappy are correct that it will expire at some point, but that is still 27 years away for BCV. Disney offered OKW owners the ability to extend their ownership for a few dollars/point from 2042 until 2057. It is possible they may offer that to other properties in the future.
You mentioned having to sell SSR to buy BCV via resale. Why? You can buy BCV direct from Disney as well. Even though Disney designates a particular property as "sold out", they always have points available. Even if they don't have your Use Year available, if you tell your guide that you want x number of points with the same Use Year, Disney will simply exercise their ROFR on a resale contract, and sell the points to you.
If you are talking about saving money from resale, well, then yes, that is a savings over buying direct. Just remember the caveats that you cannot use the points for certain things when buying resale.
I did not think I could buy BCV through Disney any longer. I thought resale was the only way to go.
LuvtheGoof is right. We bought our first BCV contract resale before the restrictions and then wanted to add a specific amount of points. We didn't want to have some of our points restricted (hind sight: really never been an issue) and wanted the same use year so we bought direct from Disney again at BCV (which was sold out). It took Disney maybe two weeks to "find" the points for us. The the process goes much faster than resale, even for a "sold out" resort.
lostpro9het
Well-Known Member
No, you may book at BCV 7-months out as a SSR owner. If you want to book at the 11-month mark then you would need to own at BCV or rent from someone who owns there.
dreamfinder
Well-Known Member
They won't actively promote or publish that you can buy at the other resorts, but if that is what you want, DVD will do their best to accommodate you. Think about it, they will charge you the going rate, (what, $140 per point?) and they buy the points through ROFR at the posted sale price (most likely closer to $70-80 a point) netting DVD a nice $70-80 per point profit for doing nothing besides waiting for someone else to try to buy what you want. You may have to wait a while until they can exercise ROFR on a contract that meets your needs depending on what is for sale on the secondary market, or you may get it quickly, it all depends.
Simply to book at BCV you just need to wait til the 7 month window instead of the 11 month owner window.
Any new allotment of points is technically a new deed (I believe) whether you already own there or not. If you buy same use year at the same resort they can stick them on the same contract number to make your point management easier.
Yes, that's true, once the deed expires, your ownership interest has ended.
Many people look at DVC as a way to pre-pay for resort stays. So, the assumption is that you would have gotten your money's worth out of it by that point - that you would have saved enough on your resort stays over the years that you owned it that you would have covered your costs and more. That's certainly been the case for me.
Do you want to stay at BCV, or do you want to own at BCV? If you just want to stay there, call and reserve it. You can stay at any DVC resort on your points. If you want to own BCV, you could either sell your interest in SSR and use that money to purchase BCV, or you could buy an additional interest at BCV. You can do that through Disney or resale.
If you are thinking of selling SSR and buying BCV, I would caution you to look at the numbers, first. It's entirely possible that you would lose money on the deal. SSR is the largest of the DVC resorts, and so has the most contracts. BCV is one of the smallest, and is extremely popular because of its close proximity to Epcot. I'm pretty sure that resale prices are much higher for BCV than they are for SSR. It's also likely that since you bought SSR direct from Disney, you paid much more than the resale price, so you'd likely be selling it for a good bit less than you paid for it.