The Covid-19 pandemic affected practically all industries. However, the travel and leisure industry was especially impacted.
If you own a Disney Vacation Club (DVC) membership, you might be wondering if you should sell it now. Are you worried that the value is going to drop more or is it going bounce after we finally get past the pandemic?
It’s not easy to time a market. Even if you’re just trying to sell your DVC members. Luckily for you, we are here to help you with just that.
So keep on reading and we will help you determine the best time to sell your DVC membership.
Is Anyone Buying?
Are you worried that interested buyers aren’t out there? Well, let us relieve your worries.
Everyone knows that pandemic is going to end soon. So a lot of people have started hitting the market, trying to find DVC memberships to buys. Now that everyone has spent so much time alone in their homes, they are eager to get out and spend some quality time with their friends and families.
These people want to buy DVC memberships to make sure that they can have great vacations in the future. They are looking for resale because the economy isn’t certain and it is very expensive to buy straight from Disney.
As a DVC member, you likely understand that buying resale is the best method for getting a DVC package for less money. While DVC holds more value than other timeshares, resale buyers know that they can buy resale for a lot less than what Disney is selling their memberships for.
What About Market Value?
The market value for DVC memberships has gone down, but only slightly. Prices have changed based on the coronavirus pandemic and have gone down a bit over the last several months.
However, the value that has increased over the past several years still allows most DVC owners the chance to have bought low and now sell high.
If you bought your Disney Vacation Club membership many years ago, then the value of your package has likely gone up greatly in value. That value is still relatively high, even though it might not be at its peak.
This means that right now is a good time to sell, even if there has been a bit of a dip in price. As we continue to get past the pandemic, the prices are expected to climb even higher. However, if covid variants start to take hold and worry consumers, then the value will quickly dip.
This is why now is an excellent time to sell. Waiting for the pandemic to pass in the near future is still a big gamble and could end leading to you selling your membership for less money.
What Kind of Offer Can I Expect If I Sell?
You might be worried that buyers are going to send you offers that are too low. This is definitely possible.
In our current market, some buyers are going to try to squeeze deals that aren’t there. As the seller, you get to decide what prices you accept and which ones you reject.
At this moment, there are a lot of buyers out there, indicating that it is a seller’s market. We are seeing this in the residential real estate market too.
You can choose to reject a low offer, counter it, or simply hold to your price. If you are asking for a fair price, then you shouldn’t feel like you need to accept whatever someone offers you.
A buyer who makes a low offer is assuming that you need to get rid of the property quickly. Even if you do need to sell quickly, you can probably hold out for an offer that you are comfortable with.
You can also work with professionals who can advise you on instantly selling your DVC membership.
Now Is the Best Time to Sell Your DVC Membership
If your vacation habits or financial situations have changed, then you might not be taking full advance of your Disney Vacation Club package anymore. If that’s the case, then there is no reason for you to continue to hold onto it.
You might have also moved, found new employment, or your children might have grown older and are looking for different kinds of vacations. There is also nothing wrong with selling your Disney Vacation Club membership and then rebuying it again in the future.
Many DVC members will go through this process several times, upgrading with each new purchase. So if you sell and regret the decision, you can always buy a new membership.
Now that the pandemic seems to be nearing its end, buyers are hungry for new experiences. And a lot of them are will to pay high prices in order to have those experiences.
The Importance of Knowing When to Sell Your DVC Membership
Hopefully, after reading the above article, you now understand why the best time to sell your DVC membership is right now. As we can see, there are a lot of potential buyers looking for new experiences. And you can certainly find a buyer who is looking to pay market value right now or even above market value.
Are you looking for other helpful and interesting articles like this one? If you are, then you should definitely make sure to check out the rest of our site today for even more!