Does the $500 fee change the pattern of resale?

[disneylandtour]

I absolutely agree with this. Q1 and even Q2 are going to be a LOT slower for resale. I think dvcforless has about 900 total contracts listed right now. They had about 1200 last May, and it climbed to over 1600 by the end of July. Inventory bottomed out around 600 in early November, but climbed back quickly to 1000 by mid December. The expectation was that inventory would continue rising as dues statements went out (which is what typically happens historically). But the new fee pulled demand forward and took out all of the increase in addition to bringing inventory down to 900.

Some of this was attributed to a period where www.fidelityrealestate.com was cross-listing contracts from another larger broker. And the the web crawl for dvcforless took in both listing as unique. I'm not sure of the exact number, but it was many hundred. I think that was behind the big spike you cite. And then for whatever reason the partnership between Fidelity and the other broker ended / fell apart / blew up / whatever and each site again only listed their own contracts.

 

[disneylandtour]

I honestly don’t think they did this to shift to direct sales.

I think they just realized they were leaving money in the table by processing things from resale free.

It was coming from their profits…now, they can increase staffing and other things and still come out ahead.

Sales are down. And DVD has already been called out once on an earnings call recently for under-performing. I'm guessing this had more to do with managing revenue and maybe even covering administrative costs.

 

[Cfabar1]

I think we will know more about this fee in the next year or two. If it stays at $500 for a while (like Estoppel or MMB+) I think it will be just fine.

 

[Chili327]

I think we will know more about this fee in the next year or two. If it stays at $500 for a while (like Estoppel or MMB+) I think it will be just fine.

I made an offer yesterday and the “form” option was defaulted to split the $500, so I’d assume that’s how most will do it.

*edit*
I was mistaken, default was buyer pays, but gave all 3 options buyer, seller or split.

 

[Sandisw]

Sales are down. And DVD has already been called out once on an earnings call recently for under-performing. I'm guessing this had more to do with managing revenue and maybe even covering administrative costs.

I definitely believe it has more to do with that. They are doing this work and getting nothing for it.

Now they do…and that will for sure help their revenue stream…

It’s like them creating MMB and now giving those owners a chance to buy OTU points for half price.

Based in reports, it seems like more owners bought who had not in the past! I know I did.

 

[Sandisw]

I made an offer yesterday and the “form” option was defaulted to split the $500, so I’d assume that’s how most will do it.

Can you share the broker? Just post the link.

 

[Chili327]

Can you share the broker? Just post the link.

https://resales.*******.com/

I just checked it and apparently I was wrong, it defaulted to buyer pays, but when I clicked on it I selected split 50/50.

 

[DoubleBaconBLT]

Some of this was attributed to a period where www.fidelityrealestate.com was cross-listing contracts from another larger broker. And the the web crawl for dvcforless took in both listing as unique. I'm not sure of the exact number, but it was many hundred. I think that was behind the big spike you cite. And then for whatever reason the partnership between Fidelity and the other broker ended / fell apart / blew up / whatever and each site again only listed their own contracts.

This makes sense, because I remember seeing duplicates listed there.

 

[Sandisw]

https://resales.*******.com/

I just checked it and apparently I was wrong, it defaulted to buyer pays, but when I clicked on it I selected split 50/50.

Thanks! Some of what I have been reading is default to buyer with it being negotiated like other fees.

That matches with the information that was implied by DVC when answering questions.