DVC Resale -- Riviera Listing

[jamesweikamp]

This is the first I have seen. I wonder what it will ultimately sell for?

Riviera Resort Listing

 

[crvetter]

there have been a handful of resale contracts now in the 120-140 range that sold. Personally that contract is a bit greedy as I can go buy from Disney that same contract for essentially the same price and won’t have to wait for ROFR and be allowed access to all resorts.

My guess is it sells for 120-130, to knock some value off for the restrictions, if no restrictions I would have said 150 (aligned with what CCV sold for while it was actively sold by DVC). But as resale holder you can’t ever sell for basically the same price as the developer.

 

[The Jackal]

This is the first I have seen. I wonder what it will ultimately sell for?

Riviera Resort Listing

Considering there have been 2 contracts on another website for months near that price. Since it is probably cheaper to buy direct and get full benefits. It will be there a long time, unless the accept a lot les.

 

[jamesweikamp]

there have been a handful of resale contracts now in the 120-140 range that sold. Personally that contract is a bit greedy as I can go buy from Disney that same contract for essentially the same price and won’t have to wait for ROFR and be allowed access to all resorts.

My guess is it sells for 120-130, to knock some value off for the restrictions, if no restrictions I would have said 150 (aligned with what CCV sold for while it was actively sold by DVC). But as resale holder you can’t ever sell for basically the same price as the developer.

I agree the price seems unreasonable in light of what Disney is currently charging. I did not realize there were other active listings "for months."

 

[Brett Wyman]

Wow that's a dumb listing. Not sure if the owner pushed their agent to over list or the agent is just testing the waters. Either way only someone unfamiliar with what direct Riviera actually costs would buy a contract that's just $13 less than direct a point, especially considering what you lose with resale over direct at this property.

 

[lovin'fl]

Wasn't there some hubub about a listing broker buying a RR contract on the cheap and then re-listing it for more?

 

[crvetter]

Wasn't there some hubub about a listing broker buying a RR contract on the cheap and then re-listing it for more?

Yeah they bought it (a new broker) for below 100 a point then immediately turned around and sold the same contract for 140. They went on and on how that’s all the contract was worth blasting it all over social media. Saying to sold well below asking but couldn’t say what for because of legal requirements to their client (but already told anyone that if the deal fell through buy for well well below listing). I’m almost confident the entire thing was a marketing ploy to get their name in the market as they just started the company. They certainly got a lot of traction.

 

[CarolMN]

I feel for the owners. Looks like they didn't even get to use any of the points they purchased. Can't even imagine the buyer's remorse they must be feeling.

 

[CarolMN]

there have been a handful of resale contracts now in the 120-140 range that sold. Personally that contract is a bit greedy as I can go buy from Disney that same contract for essentially the same price and won’t have to wait for ROFR and be allowed access to all resorts.

My guess is it sells for 120-130, to knock some value off for the restrictions, if no restrictions I would have said 150 (aligned with what CCV sold for while it was actively sold by DVC). But as resale holder you can’t ever sell for basically the same price as the developer.

Considering there have been 2 contracts on another website for months near that price. Since it is probably cheaper to buy direct and get full benefits. It will be there a long time, unless the accept a lot les.

I agree the price seems unreasonable in light of what Disney is currently charging. I did not realize there were other active listings "for months."

Wow that's a dumb listing. Not sure if the owner pushed their agent to over list or the agent is just testing the waters. Either way only someone unfamiliar with what direct Riviera actually costs would buy a contract that's just $13 less than direct a point, especially considering what you lose with resale over direct at this property.

What if you were an international buyer or perhaps a resident of a U S State in which DVD is not registered to sell? Those people have to travel to Florida to buy as they cannot buy over the phone. If the "no booking outside of the Riviera" restriction doesn't bother you all that much and your travel patterns don't make annual passes a good value, why not?

 

[crvetter]

What if you were an international buyer or perhaps a resident of a U S State in which DVD is not registered to sell? Those people have to travel to Florida to buy as they cannot buy over the phone. If the "no booking outside of the Riviera" restriction doesn't bother you all that much and your travel patterns don't make annual passes a good value, why not?

I say why not simply because a resale product that offers significantly less than direct should have some price differential (all resale does for every other resort though this one contract is wildly overpriced even if it didn't have the restrictions in place). This particular contract has no real differential so they are marketing to possibly an extremely small group of prospective buyers but they are free to list at whatever they want and I have no problem with that. Even to the buyer you suggested I would definitely recommend them against the purchase because comparable sales suggest its overpriced. I mean realistically they are asking 175 a point when a 160 point contract direct from Disney is about 183 a point. The price differential form Copper Creak was running about 20 a point vs direct while it was actively sold by DVC. I like Riviera a lot but nothing about Riviera screams the differential should only be $8 a point.

 

[MB_Ellie]

It's now marked as offer accepted. I'm curious to know what it went for.

 

[Sandisw]

It's now marked as offer accepted. I'm curious to know what it went for.

Me too! The fact it sold so quickly I am guessing $140 to $150.

 

[jamesweikamp]

Me too! The fact it sold so quickly I am guessing $140 to $150.

That was my guess as well.

 

[Ben E N]

Me too! The fact it sold so quickly I am guessing $140 to $150.

To each their own, but that would not be worth it to me to not be able to trade out to other resorts. It'll be interesting to see if that becomes the typical selling rate.