DVC resale- can only use points at home resort?

[ziravan]

A DVC contract is a real estate interest where the points represent the interest.

DVC cannot treat the points differently between classes of owners without undermining the real estate interest those points represent.

Besides, as said, such a change would crash the economy of points for resale and direct buyers alike.

It's a sleazy sales tactic. I would think much less of a guide who used it.

 

[mort1331]

I don't see them being able to make further restrictions without making the resale market plummet. And as someone previously stated, why would you want to buy somthing so pricy without knowing you could sell it? Unless Disney plans to excercise ROFR on every contract... It would also make using points for other resorts very difficult for everyone.

Ask this of every other timeshare out there. There are few that have real resale value after purchase. So there are thousands of people doing just this. Its emotion without foresight.

 

[lawboy2001]

Please excuse me if this had been posted before.

Family of mine just purchased at Poly through Disney. They had considered resale, but ultimately went new for financing reasons.

Anyway, after they signed the contract the salesman told them:

"Heard some very interesting info yesterday when buying DVC. Our consultant said Disney is considering ruling that if you buy a DVC from a third party you can only use those points for THAT resort.

i.e. You buy 50 Beach Club points resale. You can only use those points for Beach Club. No other DVC.

This is only for resale. Doesn't affect yours or our DVC since we bought from Disney proper. The consultant said it is in the real estate rider so conceivably they could do it."

Has anyone else heard this? I don't know how it's possible. This would completely change our mind too as we are considering resale now to add-on.

*yawn* A blatant lie that is obviously told to solidify the buyers' resolve, lest they think about cancelling during their 10 day rescission period. Remember, the salesperson hasn't made the sale until 10 days after the contract is signed. If DVD were truly considering this, they would certainly not permit their salespeople to talk about it. Where were the warnings about the latest silly resale 'restriction' (cannot go to dvd member only events)? We didn't hear a whisper about it, because the salespeople ARE NOT PERMITTED TO SPEAK ABOUT THESE THINGS.