BLT sold for 66.25PP

[dbs1228]

I was looking for TS rentals on e-bay (not dvc) and while browsing saw a BLT 160 point contract for sale and it sold for 66.25 pp! With closing, MF, title insurance it came out to 74.00PP I would like to know how that will play out, with ROFR! To bad it was a different UY then I have (already have 2 not going for a 3rd) I would have had to consider it since I am eventually looking to add on at BLT.

 

[DisDad07]

It's hard to believe this would pass ROFR. But if it does, I may have to do an add on and try to get that low of a price. It does'nt hurt to try.

 

[Chic]

I'll bet that it passes ROFR. The resort still hasn't sold out so I can't imagine Disney buying back more points. With the upcoming Grand Floridian DVC, they don't need a surplus of points accumulating at Bay Lake Tower like they did at Saratoga Springs. This is all just another indication of the poor state of our economy.

 

[Chuck S]

If they are concerned about the economy and BLT, wouldn't the prudent thing be to delay any Grand Floridian construction, and concentrate on BLT, and exercise ROFR for BLT. Other wise you'll be seeing GF points also comparatively cheap in resales while they are trying to get a premium price for "new" points, as there would also be new GF owners going into default until the economy improves.

 

[dianeschlicht]

If they are concerned about the economy and BLT, wouldn't the prudent thing be to delay any Grand Floridian construction, and concentrate on BLT, and exercise ROFR for BLT. Other wise you'll be seeing GF points also comparatively cheap in resales while they are trying to get a premium price for "new" points, as there would also be new GF owners going into default until the economy improves.

I agree, and I'm a "gotta see it to believe" one for the GF/DVC. It could be like Eagle Pines.

 

[dbs1228]

If they are concerned about the economy and BLT, wouldn't the prudent thing be to delay any Grand Floridian construction, and concentrate on BLT, and exercise ROFR for BLT. Other wise you'll be seeing GF points also comparatively cheap in resales while they are trying to get a premium price for "new" points, as there would also be new GF owners going into default until the economy improves.

I agree also, is there anyway to track if this contract gets ROFR'd? I only see what is posted here. Still cannot get over the purchase price, and it is the 1st time I have been on e-bay in years!

 

[DenLo]

I wouldn't be surprised if this one was ROFRd. After all the DVC could turn around and sell the contract for $130 per point.

However, it might depend on whether it was a stripped contract. Were the points all used through 2012? The DVC might not want to have to hold onto a contract that long.

 

[Chuck S]

I wouldn't be surprised if this one was ROFRd. After all the DVC could turn around and sell the contract for $130 per point.

However, it might depend on whether it was a stripped contract. Were the points all used through 2012? The DVC might not want to have to hold onto a contract that long.

They wouldn't have to hold onto it that long. Once ROFR'd, it would simply pool into all the other inventory owned by DVD, and become a new contract. In essence, the 160 points for 2011 would come from developers points pool.

 

[jnsolomon]

They wouldn't have to hold onto it that long. Once ROFR'd, it would simply pool into all the other inventory owned by DVD, and become a new contract. In essence, the 160 points for 2011 would come from developers points pool.

I was watching this listing, and all the 2011 points were available.

 

[npcougar]

I was watching this listing, and all the 2011 points were available.

Where do you watch listings? I'm trying to find a VWL contract and want to track sales for a while.

 

[jnsolomon]

Where do you watch listings? I'm trying to find a VWL contract and want to track sales for a while.

I was just following this particular listing on ebay, by going to ebay and searching for the term "disney vacation club" There are usually only a couple active listings.

 

[dbs1228]

The listing was on e-bay and yes it came with 2011 points Feb UY. I did not see any other DVC for sale thru e-bay right now. Not sure why seller would not list with one of the resale-rs even with commission at 85.00pp they would have netted about 1600.00 more and that is with the 85.00pp being a low. Thinking they did not know better.

 

[disneynutz]

If they are concerned about the economy and BLT, wouldn't the prudent thing be to delay any Grand Floridian construction, and concentrate on BLT, and exercise ROFR for BLT. Other wise you'll be seeing GF points also comparatively cheap in resales while they are trying to get a premium price for "new" points, as there would also be new GF owners going into default until the economy improves.

I would guess that there is more profit selling new resorts/points than there is buying ROFR contracts. Walk aways and foreclosures will still provide Disney with some contracts.

Bill

 

[Chuck S]

I would guess that there is more profit selling new resorts/points than there is buying ROFR contracts. Walk aways and foreclosures will still provide Disney with some contracts.

Bill

Not necessarily.

Look at OKW for example, they sold it initally for about $50 per point...obviously making a good profit, then they ROFR at $45 and resell it at $90 and add the 15 extra years without additional building costs. Obviously there is good profit on that.

 

[disneynutz]

Not necessarily.

Look at OKW for example, they sold it initally for about $50 per point...obviously making a good profit, then they ROFR at $45 and resell it at $90 and add the 15 extra years without additional building costs. Obviously there is good profit on that.

That's true and you make a good point. Maybe that was the old Disney way and good profit isn't as good as great profit. I read somewhere that the profit from BLT will be above 750 million dollars when it's sold out. I can see why Disney wants to keep building.

Bill

 

[Presley]

Maybe it was mandatory bankruptcy sale. I noticed there are 150 points on ebay right now for the same reason. It doesn't specify a home resort, though.

 

[arthur06]

That's true and you make a good point. Maybe that was the old Disney way and good profit isn't as good as great profit. I read somewhere that the profit from BLT will be above 750 million dollars when it's sold out. I can see why Disney wants to keep building.

Bill

That figure has to be a gross profit and not a net profit.

 

[Sammie]

If they are concerned about the economy and BLT, wouldn't the prudent thing be to delay any Grand Floridian construction, and concentrate on BLT, and exercise ROFR for BLT. Other wise you'll be seeing GF points also comparatively cheap in resales while they are trying to get a premium price for "new" points, as there would also be new GF owners going into default until the economy improves.

That would be the logical thing to do but lately I am not so sure they are doing what is logical.

 

[erikawolf2004]

I was watching this listing, and all the 2011 points were available.

When did this listing end? I'm not seeing it under completed auctions.

 

[dbs1228]

It ended the day of my original post. Selling price was 10600.00 for 160 points Feb UY.