spears2008
Earning My Ears
- Joined
- Oct 16, 2012
I'm curious when the last round of resale restrictions were announced. ie. the restriction that resale contracts can't be used for the non-DVC hotels, cruises, etc.
I'm a new DVC member and have been thinking that any new resale restrictions would be announced at the member meeting this week. I have no historical knowledge of when the last round of restrictions were announced, so I don't know if this is a fair assumption or not.
Also, I'm thinking of adding on another resale contract. I currently have a contract at BLT, which I bought based on the "buy where you want to stay" thinking. I'd like to buy another contract that is less expensive per point which I would use if reserving within the 7 month window, therefore, I'm currently flexible as to which resort this new contract would be at. In the past when contracts were grandfathered, was there any offical warning that the restriction would be imposed as of x date in the future or did the restriction go in place immediately upon announcement? I am concerned that I might be in the middle of the long ROFR to closing process on a contract for a resort that I wouldn't prefer to stay at when restrictions are announced and that any new contract I purchase may not be grandfathered if I haven't closed yet. Did DVC give people time to close contracts, or even dump contracts they wanted to sell prior to the last round of resale restrictions becoming effective? How were DVC resale contracts impacted price wise? Was there a big dip in prices?
Thanks for your input!
I'm a new DVC member and have been thinking that any new resale restrictions would be announced at the member meeting this week. I have no historical knowledge of when the last round of restrictions were announced, so I don't know if this is a fair assumption or not.
Also, I'm thinking of adding on another resale contract. I currently have a contract at BLT, which I bought based on the "buy where you want to stay" thinking. I'd like to buy another contract that is less expensive per point which I would use if reserving within the 7 month window, therefore, I'm currently flexible as to which resort this new contract would be at. In the past when contracts were grandfathered, was there any offical warning that the restriction would be imposed as of x date in the future or did the restriction go in place immediately upon announcement? I am concerned that I might be in the middle of the long ROFR to closing process on a contract for a resort that I wouldn't prefer to stay at when restrictions are announced and that any new contract I purchase may not be grandfathered if I haven't closed yet. Did DVC give people time to close contracts, or even dump contracts they wanted to sell prior to the last round of resale restrictions becoming effective? How were DVC resale contracts impacted price wise? Was there a big dip in prices?
Thanks for your input!