DVC RESALES
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Old 06-07-2013, 08:35 PM   #16
bdoleary
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Great job in compiling the BLT info - the folks that were able to sell took a bath but probably had some equity so they could bail out - there are probably a lot of others that would like to bail out but owe more than the points would sell for.
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Old 06-08-2013, 10:05 PM   #17
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Has anyone seen the prices for BLT over on Fidelity?! $125, $140 even $160... If those are distressed contracts or contracts going into foreclosure and that's the needed value to pay off the loan, that's really unfortunate. I can't see how else they're posted so high.

If I have my choice between direct at $165 or resale at even $140 (much less $160), I'll go direct. That little difference is worth it for the full benefits of ownership.

Seriously, I'd love to know what those actually sell for...
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Old 06-08-2013, 10:10 PM   #18
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Originally Posted by JWG View Post
Has anyone seen the prices for BLT over on Fidelity?! $125, $140 even $160... If those are distressed contracts or contracts going into foreclosure and that's the needed value to pay off the loan, that's really unfortunate. I can't see how else they're posted so high.

If I have my choice between direct at $165 or resale at even $140 (much less $160), I'll go direct. That little difference is worth it for the full benefits of ownership.

Seriously, I'd love to know what those actually sell for...
Well you'll be waiting awhile to find out, because they're not going to sell at that price. Most likely the listings will simply expire.
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Old 06-08-2013, 10:52 PM   #19
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Has anyone seen the prices for BLT over on Fidelity?! $125, $140 even $160... If those are distressed contracts or contracts going into foreclosure and that's the needed value to pay off the loan, that's really unfortunate. I can't see how else they're posted so high.

If I have my choice between direct at $165 or resale at even $140 (much less $160), I'll go direct. That little difference is worth it for the full benefits of ownership.

Seriously, I'd love to know what those actually sell for...
I completely agree . I was browsing the resales and was thinking the same thing these prices are all really close to direct prices . Where are the half price deal I hear about here all the time .

But I just can't believe these are all distressed contracts . If your in distress what good is it to you pricing it so it dosn't sell . I tend to think that people have an opinion of this is what I paid this is what I want . Not that that that is realistic either . But just what I think .

I sell and sold lots of things for different hobbies ect . I have found I will often overprice what I am selling , and end up with more then I was looking to get for the said sale item . But I have a mentality that "there is an *** for every seat" . It sounds harsh but its the truth ,someone will find sone reason to love it and be wiling to pay more then you or most would think . But there is a lot of people, you just need to find one .

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Well you'll be waiting awhile to find out, because they're not going to sell at that price. Most likely the listings will simply expire.
Lmao , funny cause its true .
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Old 06-09-2013, 08:10 AM   #20
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Man, did these 4 take a beating. They were all originally purchased for $120/point. The 210 was bought in late 2009 and the others were bought in 2010. Don't recall what the incentives were back then, but still, not pretty.
I very much doubt these four deeds were purchased for $120/point. That may have been the base price of BLT in late 2009 or 2010, but there were rather significant incentives being offered by DVD during that timeframe. In fact, given the size of each of these deeds, its safe to assume that none of them were purchased for $120/point.

Until late in 2009, BLT still had a base price of $112, and add-ons of 125 points could get a $13/point incentive. Plus, if memory serves me correctly, DVD was still offering add-ons with no closing costs in 2009 and into 2010, which reduced the acquisition price by a few hundred dollars.

There is a problem with playing with the gross prices: Whatever conclusions you draw may be true, but they may not be accurate. Its sort of like using the lowest reported resale price and assuming that is the benchmark for all sales going forward. There is a difference between buying a stripped BLT deed for $90/point, including closing costs, and buying another BLT deed for $105 that is fully loaded and the seller pays closing costs.
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Old 06-09-2013, 11:52 AM   #21
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I completely agree . I was browsing the resales and was thinking the same thing these prices are all really close to direct prices . Where are the half price deal I hear about here all the time .
Here's the problem with those half priced deals that I don't think a lot of people realize...they're not advertised. It takes work to get those deals, sometimes more than people want to spend. I can respect that. For example, I paid $80pp, closing and 1/2 mf for my BLT contract with three years points around this time last year. The seller was asking $95. It took two or three exchanges back and forth, but that's the deal I got. I don't necessarily think that kind of deal is available now, but something similar can be had.

Fortunately, half price deals aren't that difficult to find, primarily because Disney raised the resale prices at all of its resorts. You can easily still find HHI, VB, and OKW for more than half off. AKV and SSR can be found at half off with a little bit of work. BCV and BLT are possible but not likely and have the added problem of not passing ROFR. Until very recently you could get VWL for half off, but the resale prices on those contracts have skyrocketed, as have BWV and to a lesser extent VGC.

What people sometimes like to do is talk about what a great deal they got but not talk about how much work it took to get it. I'm guilty of that as well. To get that BLT deal I mentioned above, I made probably between 10-15 offers. It's a lot of work, and to many people it's not worth it to save $1,000 up front. To me it's a bit of a hobby, so I enjoy putting in the time. So the way I see it is I get to have fun AND save money. But my guess is that very few people see it that way.
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Old 06-09-2013, 12:41 PM   #22
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Here's the problem with those half priced deals that I don't think a lot of people realize...they're not advertised. It takes work to get those deals, sometimes more than people want to spend. I can respect that. For example, I paid $80pp, closing and 1/2 mf for my BLT contract with three years points around this time last year. The seller was asking $95. It took two or three exchanges back and forth, but that's the deal I got. I don't necessarily think that kind of deal is available now, but something similar can be had.

Fortunately, half price deals aren't that difficult to find, primarily because Disney raised the resale prices at all of its resorts. You can easily still find HHI, VB, and OKW for more than half off. AKV and SSR can be found at half off with a little bit of work. BCV and BLT are possible but not likely and have the added problem of not passing ROFR. Until very recently you could get VWL for half off, but the resale prices on those contracts have skyrocketed, as have BWV and to a lesser extent VGC.

What people sometimes like to do is talk about what a great deal they got but not talk about how much work it took to get it. I'm guilty of that as well. To get that BLT deal I mentioned above, I made probably between 10-15 offers. It's a lot of work, and to many people it's not worth it to save $1,000 up front. To me it's a bit of a hobby, so I enjoy putting in the time. So the way I see it is I get to have fun AND save money. But my guess is that very few people see it that way.
Well I assumed that it would take some lowballing to get there I just indeed the impression that most people wouldn't drop $50-60 pp of there asking . Making it quite hard to actually get .

I was really just browsing to see what all the hub bub was about . To be honest if you looking for a specific UY I think it would be quit hard to find something let alone get people to hit on lowballs .

I can see the thrill of getting the good deal . I enjoy doing it with other hobbys of mine . If you know where to look and going rates for things you can flip them quick when a lowball deal actually goes your way .

I don't have any issue with lowballs . I always think its funny when people get agitated when they get lowball offer . I just think its funny and say no . But someone like my boss who sell a lot of cars always gets really pissed . IMO to be sucssesful lowballer you can't want that thing to much .

Lowballing seems to be the new trend especially since the economy took a hit . I sell a lot of cars if you have delt with people on CL lately they are quite funny . They try negotiating half price deals before even seeing the car . People just looking for deals . If I were to sell my DVC I'd probably list it $20-30 pp higher then I wanted and get probably $10 pp more then I wanted after the sale and the buyer would have thought he was getting a deal . It's a win win for both of us .
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Old 06-09-2013, 02:43 PM   #23
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I think that's what people are doing. Listing really high hoping to get something less but still more than the norm. But, it's working and making it hard for us who don't want to. I just got laughed at for offering $97 on a BLT contract listed at $110. They sold with hours at full asking price. People are paying, making it easier to say no to me. With a limited use year, I'm either paying or not getting right now.

I walked from the BLT demanding full price. Wasn't worth it to me. But obviously it was to someone else.

Getting half price at BLT would demand a large contract. It's not going to happen at 150 points or less.
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Old 06-09-2013, 04:35 PM   #24
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Originally Posted by JWG
I think that's what people are doing. Listing really high hoping to get something less but still more than the norm. But, it's working and making it hard for us who don't want to. I just got laughed at for offering $97 on a BLT contract listed at $110. They sold with hours at full asking price. People are paying, making it easier to say no to me. With a limited use year, I'm either paying or not getting right now.

I walked from the BLT demanding full price. Wasn't worth it to me. But obviously it was to someone else.

Getting half price at BLT would demand a large contract. It's not going to happen at 150 points or less.
Full disclosure, my BLT contract was for 100 points. I understand that was a different time, but I wouldn't say it's not going to happen. It's just harder now than it was then.
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Old 06-09-2013, 11:22 PM   #25
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I think that's what people are doing. Listing really high hoping to get something less but still more than the norm. But, it's working and making it hard for us who don't want to. I just got laughed at for offering $97 on a BLT contract listed at $110. They sold with hours at full asking price. People are paying, making it easier to say no to me. With a limited use year, I'm either paying or not getting right now.

I walked from the BLT demanding full price. Wasn't worth it to me. But obviously it was to someone else.

Getting half price at BLT would demand a large contract. It's not going to happen at 150 points or less.
That is terrible that you were laughed at. Not very professional. I have made numerous offers in the past month in the 90's on BLT contract, a few in the 80's on stripped contract. One was on a 250 point contract, asking $102/pt, I offered $94, they came back with $100. I said no. Apparently someone thought it was worth it as it gone now.
IMHO I would rather purchase 170 points of VGF than 250 points of BLT at $100/pt.
I wonder if it will change for BLT contracts once VGF opens up to the public on June 19th?
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Old 06-10-2013, 12:58 AM   #26
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I just got laughed at for offering $97 on a BLT contract listed at $110.

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That is terrible that you were laughed at. Not very professional.
I am the seller on the three 25 point contracts, and if there was any laughter, it didn't come from me! I got a call very quickly after the listing that the $115/pt listing was gone and there was a $97 bid on one of the others. The bid was presented professionally to me. Given that the first contract went so fast, I wanted to wait a couple of days and see what happened. (The other two contracts were sold the next morning at asking, so I feel I made the right decision.) But on my end of the transaction, no laughter or slight was taken or meant to be given.

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Old 06-10-2013, 07:44 AM   #27
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That is terrible that you were laughed at. Not very professional. I have made numerous offers in the past month in the 90's on BLT contract, a few in the 80's on stripped contract. One was on a 250 point contract, asking $102/pt, I offered $94, they came back with $100. I said no. Apparently someone thought it was worth it as it gone now.
IMHO I would rather purchase 170 points of VGF than 250 points of BLT at $100/pt.
I wonder if it will change for BLT contracts once VGF opens up to the public on June 19th?
See that is where we are all different I would rather buy 250 at BLT at 100.00PP then 170 at VGF at 145.00!!!! Not only do I like the short walk to MK, being next to the Contemporary and lower point count to stay there!!!!! (cannot believe I am saying that since BLT is on the higher end point wise to stay!) It cost 69 points more to stay in a 1 bdrm at VGF then BLT for the same week in Jan both lake view rooms and BLT has 2 bathrooms!!!!
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Old 06-10-2013, 11:02 AM   #28
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See that is where we are all different I would rather buy 250 at BLT at 100.00PP then 170 at VGF at 145.00!!!! Not only do I like the short walk to MK, being next to the Contemporary and lower point count to stay there!!!!! (cannot believe I am saying that since BLT is on the higher end point wise to stay!) It cost 69 points more to stay in a 1 bdrm at VGF then BLT for the same week in Jan both lake view rooms and BLT has 2 bathrooms!!!!
I totally agree!!! I just went through this as I was considering 100 pts at VGF at $150 pp vs 150 pts at BLT at $100 pp. I got 50 more pts for the same price plus an automatic 300 pts to use right away. It was a no brainer for me as I love BLTs location and accommodations. Although I do think VGF will maintain value, I did the calculations and its almost impossible for the VGF option to surpass the BLT option in payback (unless BLT loses its value dramatically).
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Old 06-10-2013, 11:41 AM   #29
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It seems to me that 100-point contracts tend to sell for about the same as larger contracts. It's the 75 and smaller that tend to get bid up. Yet I haven't seen a ROFR of a 100 point contract. There aren't that many, so you're right: who knows?

I was talking to my son about this the other day and we joked about Disney having a big chart and a 20-sided die like you'd use in D&D, and they look up the "ROFR number" on the chart based on size and price, and then roll the die to see if they take the contract. It wouldn't be a terrible way to go, really.
If your contract is less then 100 points, you get a plus 2 on your saving throw.
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