Do you think prices will continue to rise or come back down?

[sethschroeder]

Between closing and selling commission and financing, plenty of those sellers are bringing money to the table to close. If they had bought any other resort resale at the same time, they'd be up quite a bit.

And you are talking about 1% of owners.

Dont buy if you plan on selling just rent at that point. You could be under buying resale as well over a short term purchase.

Bought RIV direct at $155 and BWV at $118/120 resale originally. Happy with both and happy to save the money on APs for 6 people (4 of us plus 2 parents).

And they're the last of the legacy resort where resale contracts still have access to 14 original resorts.

Which imo won't be worth much in 2042. You are losing a ton of availability around Epcot and really only left with MK (which you own) or AKV/SSR/OKW (until they expire as well).

I suppose you have AUL though.

i would be shocked if they added skyliner especially to SSR, and almost as unlikely to AKL? What business sense would it make ? They already sold all the points to SSR and AKL, why spend a billion dollars on customers that have already committed to staying there ? I would see them handing out hundred dollar bills before doing that

They can saddle DVC members with most of the costs. So Disney isn't really taking on the costs likely. Additonally they can make current DVC ownership pay for it and then "give it for free" to the new buyers when they flip the resorts in 30-40 years.

 

[Yinn]

But you list with a broker at YOUR asking price, not the broker's.

Supposedly yes. But unfortunately that’s not how it always happens.

1 broker took my info and never listed it. When I followed up they claimed it was above market and was waiting for an appropriate time. It never listed. 2nd broker pushed back, told me that resort has NEVER sold for that much and pushed me to list it $25/pt lower - less than recent ROFRd contracts. A 3rd did finally list it at my asking and I got an offer for $5/pt less than I asked for in under 24 hours.

In theory, not always reality.

But even if I do set the price, I would want a specific dollar in my pocket. The goal wouldn’t be to sell it for $100 regardless of what I collect.

If I want $100 in my pocket I can list it myself for $100. Or go with a broker for $110. Both result in $100 in my pocket.

 

[DonMacGregor]

Supposedly yes. But unfortunately that’s not how it always happens.

1 broker took my info and never listed it. When I followed up they claimed it was above market and was waiting for an appropriate time. It never listed. 2nd broker pushed back, told me that resort has NEVER sold for that much and pushed me to list it $25/pt lower - less than recent ROFRd contracts. A 3rd did finally list it at my asking and I got an offer for $5/pt less than I asked for in under 24 hours.

So, you let someone else dictate to you at what price you were going to sell something that belongs to you, not them.. "No" is an amazingly powerful little word.

 

[Yinn]

So, you let someone else dictate to you at what price you were going to sell something that belongs to you, not them.. "No" is an amazingly powerful little word.

Did you read the whole post or are we just looking to set out for war here?

A 3rd did finally list it at my asking and I got an offer for $5/pt less than I asked for in under 24 hours.

 

[RoseGold]

And you are talking about 1% of owners.

I was talking about recent CCV buyers. Until the CRAZY upswing in the last few months, plenty of them would have been underwater, just with closing and commission. Maybe almost all of them a year ago. Almost everyone financing would be.

Fast forward to today, there are some people who are making money on CCV! But this resale upswing is more than anyone anticipated. I thought it would go up -- I was buying hard in Summer 2020. Even I didn't see this upswing!

Boy your RIV purchase is looking good! I expect RIV to go up soon too. Resale is just on fire.