Does the $500 fee change the pattern of resale?

[airjay75]

I assume prices for small contracts will adjust a bit, the small contract premium will disappear and then everything will continue as before for the most part.

I’ll honestly be surprised if the small contract premium disappears. An extra $5-$10 per point on 50 points is $250-$500. If all you want to spend is less than $10k and 50 points is all you need, it will be very easy to talk yourself into it.

 

[BayTower2010]

This reminds me when Auto Dealerships started to charge a Doc Prep fee, a non sense fee for someone to feed a standard contract into a printer, feed the sales info into a computer hooked up to the printer and pressing send. For those young enough to remember at first there was a big uproar, threats of law suites, etc. Now, years later, it is just common practice. My guess is this is the way the entire industry will adopt, big noise now but in the end to no avail.

 

[maui22]

I’ll honestly be surprised if the small contract premium disappears. An extra $5-$10 per point on 50 points is $250-$500. If all you want to spend is less than $10k and 50 points is all you need, it will be very easy to talk yourself into it.

Agree. I believe the majority of people have some budget in mind when purchasing. Thats what they can afford.

Many opt for financing. I wonder how many decide they can afford $300, $400, etc each month with financing? So they purchase based on that specific monthly payment.

Doesn’t Monera Financial charge 14.9%-17.9%? Additional $5k or more for 50 more points is going to be expensive for those who can’t pay off any financed purchase quickly.

 

[disneylandtour]

They didn’t explicitly say it, but that’s the assumption based on a few observations:

1.) ROFR decisions have accelerated drastically since right before this announcement. To the point some people heard decisions with a few days or the same day. Now that could be because of Christmas, but I think the acceleration has been faster than even in past Christmases.

I believe DVD simply needs to close out all resale purchases quickly so that they can cleanly delineate between the 2025 purchases (no fee) and the 2026 purchases (with fee). I fully expect this to be nothing more than a way to manage book keeping. If ROFR is a couple of days next December, I'll be surprised. But who knows?

 

[disneylandtour]

This reminds me when Auto Dealerships started to charge a Doc Prep fee, a non sense fee for someone to feed a standard contract into a printer, feed the sales info into a computer hooked up to the printer and pressing send. For those young enough to remember at first there was a big uproar, threats of law suites, etc.

This would be one of many reasons why every car, except one, here is a used car, not bought on a dealership lot.

 

[BruinEd03]

I believe DVD simply needs to close out all resale purchases quickly so that they can cleanly delineate between the 2025 purchases (no fee) and the 2026 purchases (with fee). I fully expect this to be nothing more than a way to manage book keeping. If ROFR is a couple of days next December, I'll be surprised. But who knows?

They don’t need to cleanly delineate it - they’ve already indicated that if theres’s a contract dated in 2025, there’s no fee. If it’s dated in 2026, then there’s a fee. Could people try to backdate it? Sure. They will probably be lenient on it, but at some point it will stretch credibility like submitting a contract dated Dec. 31 on Jan. 20.

 

[disneylandtour]

They don’t need to cleanly delineate it - they’ve already indicated that if theres’s a contract dated in 2025, there’s no fee. If it’s dated in 2026, then there’s a fee. Could people try to backdate it? Sure. They will probably be lenient on it, but at some point it will stretch credibility like submitting a contract dated Dec. 31 on Jan. 20.

I believe you've just explained one reason as to why they're trying to cleanly separate the two.

 

[Sandisw]

They don’t need to cleanly delineate it - they’ve already indicated that if theres’s a contract dated in 2025, there’s no fee. If it’s dated in 2026, then there’s a fee. Could people try to backdate it? Sure. They will probably be lenient on it, but at some point it will stretch credibility like submitting a contract dated Dec. 31 on Jan. 20.

I know that some of the brokers have taken the stance that it needs to be signed and submitted to RoFR by end of year.

I do not expect them to make exceptions and I don’t expect any broker to allow contracts to be signed with dates that are not true.