Disney will buy back at 80% of current value??

Discussion in 'Purchasing DVC' started by wordwitt, Apr 1, 2013.

  1. wordwitt

    wordwitt Mouseketeer

    Joined:
    Jan 26, 2013
    Messages:
    313
    Thought you all might be interested in this thread on another board. Talks about DVC sales pitches to Fort Wilderness campers. One person said a guide told him/her that if they want to sell Disney will buy back DVC at 80% current value. Hmmmm.

    http://disboards.com/showthread.php?t=3088849
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. DizBub

    DizBub Totally Addicted

    Joined:
    Dec 9, 2010
    Messages:
    2,166
    Hmmmmm. I don't think so. We asked our guide before we bought if we ever needed to sell, would they buy it back? He said no, they don't buy contracts back. They TAKE them back through forclosure, non-payment of dues and ROFR. :laughing:

    Maybe someone should set the people on that other thread straight before they start to believe that garbage.
     
  4. wordwitt

    wordwitt Mouseketeer

    Joined:
    Jan 26, 2013
    Messages:
    313
    Maybe the guide is talking about ROFR. I don't know. Or maybe the person misunderstood. Who knows. I just found it interesting.
     
  5. SaraMc

    SaraMc DIS Veteran

    Joined:
    Jan 18, 2005
    Messages:
    2,404
    Perhaps its April fools...??
     
  6. DizBub

    DizBub Totally Addicted

    Joined:
    Dec 9, 2010
    Messages:
    2,166
    Oh it is interesting. Thanks for pointing it out.

    I just get a little steamed when there appears to be guides telling lies. It gives DVC a bad name.
     
  7. chalee94

    chalee94 <font color=green>I thought all sand was ground up

    Joined:
    Aug 14, 2006
    Messages:
    8,789
    better get it in writing...

    ( :rotfl2: )
     
  8. Deb & Bill

    Deb & Bill DVC-Trivia Contest, Apr-2006: Honorable Mention

    Joined:
    Mar 20, 2000
    Messages:
    44,986
    Sometimes it isn't the guide but what the buyer/potential buyer thought they heard.
     
  9. LisaS

    LisaS DIS Veteran

    Joined:
    Feb 7, 2005
    Messages:
    10,408
    There were some reports a few years ago of Disney offering to buy back contracts. They were only interested in BCV contracts and offered $55 per point if I remember correctly. At that time, BCV contracts could be sold on the resale market for $80 to $90 per point. After the 10% broker commission, the seller would have netted $72 to $81 per point by selling on the resale market. Disney's offer of $55 was about 76% of the lowest resale value (after commission) at that time.

    If you had a contract at a resort other than BCV, your only option through Disney was to give the deed back to them in lieu of foreclosure, essentially 0% of current value. Some folks who are underwater due to financing their purchase have taken that offer.
     

Share This Page