Any word on July 2022 Direct Sales?

[pianomanzano]

You are 100% incorrect - the guides go over the resale restrictions in excruciating detail , make you read the document and sign it and then make you call a 3rd person QA who goes over it again with examples.

I just went through this this week and even though I told them I was aware they made me go through the whole process.

Mine didn’t bring it up at all until I asked him at the very end of the discussion and played it off as something not a big deal since I was buying direct from them. And no one from QA called us to discuss resale restrictions or example when we signed our 3 contracts. Maybe things changed from when we bought last year or maybe it’s good dependent on how upfront they are about it.

 

[BeachClub2014]

You are 100% incorrect - the guides go over the resale restrictions in excruciating detail , make you read the document and sign it and then make you call a 3rd person QA who goes over it again with examples.

I just went through this this week and even though I told them I was aware they made me go through the whole process.

This must be dependent on which guide you have. I'm not questioning your experience, but that wasn't mine when I bought RIV directly. My guide did bring up the restrictions on resale points and when I explained to her that I was aware of them, she dropped it. I never did a 3rd person QA.

 

[Sandisw]

People are adding apples to oranges and coming up with grapes.

I just bought 250 RR direct dispite it being my 3rd favorite Epcot resort.

1. Riv is sold to people who want Epcot GF is sold to people who want Monorail

2. They push Riv 100x harder than GF - I had to ask about GF and my guide kept steering back to RR. RR is also priced about $20 less per point @250 and the difference grows from there.

I hate the restrictions- but I also will not pay $155 a point for BWV or $180 for BCV since both are priced higher than rental rates. Nevermind the ridiculous direct sold out rates.

So I am essentially left with only one Epcot option. Buy RR and hope to book at BW at 7 months. So saying that the sales numbers show that people don't mind restrictions is like saying that people like taking the bus to a town with no airport.

What I mean is that they don't mind them enough to not buy the resort. You bought them in spite of having the restrictions...because the choice was the best given the other ones you had. And as far as sales go and the goals of DVD, that is all that they care about.

Personally, it doesn't matter one way or the other to me because its about the use and not what happens whenever I might need or want to sell...and I’d bet the vast majority of DVD buyers absolutely don't have resale restrictions as a top priority to not take a resort.

It doesn't really matter that they push RIV over VGF because both are advertised and in the end, buyers still have the choice...and it shows that it can stay competitive against a resort that doesn't have them.

Priced correctly, DVD is learning that things will sell. And this certainly supports that.

 

[Nursemanit]

This must be dependent on which guide you have. I'm not questioning your experience, but that wasn't mine when I bought RIV directly. My guide did bring up the restrictions on resale points and when I explained to her that I was aware of them, she dropped it. I never did a 3rd person QA.

You did not sign a document on the resale restrictions? The QA person was quite detailed ( as was the guide) Maybe they changed process?

 

[BeachClub2014]

It doesn't really matter that they push RIV over VGF because both are advertised and in the end, buyers still have the choice...and it shows that it can stay competitive against a resort that doesn't have them.

Agreed.

I would also point out that when a person made their decisions matters in the great "Riviera vs. Grand Floridian" debate. When we bought our RIV points, VGF2 wasn't an option. Our purchase at RIV had everything to do with the actual resort, which is awesome, the price and incentives at the time, and the 2070 expiration. All of those things made Riviera a good value for us.

I suspect everyone has varying reasons to buy the resorts that they do.

 

[Sandisw]

Or that new members just don’t know to ask about it or unsure of what they mean if they are told about it during sales presentations, since a majority of the points sold in July were to new members. I remember it took me awhile to comprehend all of the differences between direct and resale, including the restrictions. I was initially under the impression that RIV resale could be used at RIV and any future resort (just not at an O14). Given some of the basic questions new members have about things like use year, I’d be surprised if they knew about the resale restrictions and would impact it would have on them.

You still sign a paper explaining it all so you are aware that selling means the new buyers are stuck at RIV.

There is no way to buy and say it was hidden, even if the guide didn’t explain them In detail.

So, a buyer is aware. But the point is that DVD changed the product and is still able to sell it, even when another resort is available for a similar price.

Of course There are some that didn’t buy because if restrictions and maybe sales wold be better without them.

However, this past month shows that with strong pricing buyers will overlook them and I think this will certainly keep them in the picture as an option for VDH abs Poly tower.

 

[scoobdoo]

Best resort sells best.

 

[BeachClub2014]

You did not sign a document on the resale restrictions? The QA person was quite detailed ( as was the guide) Maybe they changed process?

Not that I recall or can find.

 

[Frugal Fairy Tales]

I am a direct RIV owner who is wanting to add on some points. I was hoping to diversify by adding on at VGF but for me, not getting the bonus points while still paying the same price as RIV is the tiebreaker. I want the extra points.

I had been considering buying AKV but they raised the price and I’m not going to pay essentially the same price as RIV with 13 years less. I also think resale prices on AKV are way too high for restricted points.

Plus it’s easier to manage your points when they are all in the same use year at the same resort.

 

[Nursemanit]

Best resort sells best.

If you poison your neighbors wells you don't get to claim you have the best water

 

[TraderStitch]

If you poison your neighbors wells you don't get to claim you have the best water

Well that's a bit extreme. As a Riviera owner I just don't care about the restrictions and I'm sure many others do not either. I'm not buying to sell in 5-10 yrs and turn a profit. For our family we love Epcot and HS so that is were we are gonna stay.

 

[limace]

I feel like for folks new to DVC, or folks not very educated-the people who fall under the spell while at WDW and buy direct-the restrictions don’t matter because they don’t think they will ever sell. It’s like signing a prenuptial-no one thinks they’ll need it.

 

[Nursemanit]

Well that's a bit extreme. As a Riviera owner I just don't care about the restrictions and I'm sure many others do not either. I'm not buying to sell in 5-10 yrs and turn a profit. For our family we love Epcot and HS so that is were we are gonna stay.

Just using a metaphor to argue that you can not draw the conclusion that one resort is better based on sales when you put huge roadblocks in front of all of the other choices.

 

[BeachClub2014]

I feel like for folks new to DVC, or folks not very educated-the people who fall under the spell while at WDW and buy direct-the restrictions don’t matter because they don’t think they will ever sell. It’s like signing a prenuptial-no one thinks they’ll need it.

Perhaps. But this then implies that had they been better versed in DVC then they wouldn't have purchased directly because of the restrictions. Is that what you're saying or did I totally miss your point?

 

[TraderStitch]

Just using a metaphor to argue that you can not draw the conclusion that one resort is better based on sales when you put huge roadblocks in front of all of the other choices.

Disney is protecting its product and they are free to do what they want. They don't force people to buy resale and at some point the buyer needs to do their homework.

 

[scoobdoo]

If you poison your neighbors wells you don't get to claim you have the best water

tell me who hurt you

 

[Sandisw]

Not that I recall or can find.

I bought in October 2019 and it was a paper to sign so I am sure you did. But we didn’t have to do a call with QA..but maybe that is because we also told our guide we knew about them.

 

[Sandisw]

I feel like for folks new to DVC, or folks not very educated-the people who fall under the spell while at WDW and buy direct-the restrictions don’t matter because they don’t think they will ever sell. It’s like signing a prenuptial-no one thinks they’ll need it.

That is probably true but then it does come back to whether or not a buyer should be purchasing a timeshare assuming anything related to resale value.

Even though DVC had a great history, things could change especially if DVD keeps the rules for resale as they are now.

 

[Brian Noble]

t does come back to whether or not a buyer should be purchasing a timeshare assuming anything related to resale value.

I suspect that the vast majority of buyers are not thinking about selling at all. I've said things like this many times before, but at the risk of repeating myself:

Timeshare is an aspirational purchase. The typical buyer is on vacation, having the time of their lives, and is told that they can bottle this magical feeling for decades to come and save money! That sounds great. Very few are thinking about what happens when the kids outgrow it, what happens if they lose a job, get divorced, or any one of a number of other things happen. Very few have any idea that the secondary market exists, what the price points are, etc.

 

[DonMacGregor]

I suspect that the vast majority of buyers are not thinking about selling at all. I've said things like this many times before, but at the risk of repeating myself:

I agree 100%. However, I'm constantly surprised by the almost weekly posts about DVC as a pseudo-investment, "exit strategies", etc.