My guess is, under 10 years, you would be better off just renting the points out as opposed to selling the contract, I think that is where better value will be, because that market is not affected by years remaining on a contract. If I was to stay at boardwalk in 2041 renting points is just as good as an option as it is today.
As long as dues are substantially less than it costs to rent from an owner, I suspect there will be at least *some
I would guess at 5 years out it would be worthless. Most likely the resale brokers are going to demand a fixed commission or a larger percentage for the listing and selling of your timeshare since they would make less selling a property close to the expiration date and the buyer will still have to pay the same costs for title search and other closing costs regardless of the purchase price.I probably will hang onto my OKW until 2042. But was curious how long there will be a resale market before there just aren't enough years left.
It has to be getting there.
I would guess at 5 years out it would be worthless. Most likely the resale brokers are going to demand a fixed commission or a larger percentage for the listing and selling of your timeshare since they would make less selling a property close to the expiration date and the buyer will still have to pay the same costs for title search and other closing costs regardless of the purchase price.
I would guess at 5 years out it would be worthless. Most likely the resale brokers are going to demand a fixed commission or a larger percentage for the listing and selling of your timeshare since they would make less selling a property close to the expiration date and the buyer will still have to pay the same costs for title search and other closing costs regardless of the purchase price.
No they will not. They most likely will sell Vero Beach and Hilton Head off then do major remodeling to the other ones that expire in 2042 then jack up the points needed and resell them.I've wondered too. Is it possible that 10-15 years from now DVC offers contract extensions for resorts that expire in 2042? I get the feeling something will change and make the scenario different from how we see it today.
Actually, it was 22 years on January 31, 2020.From today...22 years.