DVC Resale Buyback Raised to $62

[Maistre Gracey]

Just my .02 cents here. If you are going to sell, for lets say, $58/point, that does NOT mean Disney will say "We will take it for $62/point". I believe it simply means that Disney has the right to say "No, WE will take it for $58/pt" Does that make any sense?

 

[Dean]

Originally posted by Maistre Gracey
Just my .02 cents here. If you are going to sell, for lets say, $58/point, that does NOT mean Disney will say "We will take it for $62/point". I believe it simply means that Disney has the right to say "No, WE will take it for $58/pt" Does that make any sense?

That's correct. DVC must buy it for the exact terms of the contract. That's why I've always wondered what would happen if one structured the deal for one that couldn't be met. Say a cash plus merchandise deal or a trade of timeshares built into the contract.

 

[ilovebwv]

I am shocked to read about such a demand for OKW. We had a resale listed for OKW for almost 6 months that had no borrowed points and we were only asking $58.00 a point and we could not get rid of it. We had found a resale at BWV that we really wanted to buy so just to get rid of the OKW contract and have the money to buy the BWV resale we sold the OKW contract for $54.00 a point and paid the closing costs! Disney never offered to use their first buy back option even after we lowered the price to $54.00. We can tell you from experience Disney does not buy back all contracts that go below their buy back price. We were hoping they would but after a month of haggling with a prospective buyer we just agreed to $54.00 a point and paid the closing costs. It all worked out in the end and now we have our second contract at BWV so we are happy but we did not make a profit that is for sure.

 

[Maistre Gracey]

Just to follow up, it seems that this does not really effect buyer or seller. It just ensures DVD will be able to scoop up all "good deals". That is fine by me, I would not like to see DVC points "given away". That would make us look cheap.

 

[kem330]

I wasn't suggesting Disney would buy at $62 if it was listed for $58 I was reflecting the info that the minimum was now supposedly $62 and therefore that would be a buyback threshold. I agree its not much profit margin but maybe they want to keep more control of the resale market. I am in doubt that such a threshold exists- I think resale agents might be trying to drive the price up. I was simply posing the question that if Disney knows they have x amount of buyers for say 150 points, april use year, would they be inclined to exercise their ROFL on contracts coming through at say $54 or so and resell to the wait listers? Or do wait lists simply get filled by foreclosure situations? By the way Dean- have you gotten approval on your BWV yet? That was a sweet deal!

 

[chris1gill]

ILoveBWV, I'm really surprised you had that kind of experience! How long ago did you sell? Which agency did you go through? I watch the Timeshare Stores listings all the time & the onsite resorts never stay on anwhere near the time you waited it seems... I'm really glad you like your BW contract!

 

[Dean]

Originally posted by kem330
By the way Dean- have you gotten approval on your BWV yet? That was a sweet deal!

See this thread, but it looks like it's going through.