DVC Sales SARCASM e-mail !!!

[Chuck S]

I had a discussion with a DVC Broker earlier today and the feeling is that Disney is picking and choosing what gets ROFRed. They have had lesser priced contracts pass, but they had 3 contracts, this year that were priced several dollars higher per point get picked up by Disney.

Bill

But there seemingly has historically been no rhyme or reason to why a particular contract is reclaimed using ROFR. It may be use year, number of points, what members may be waiting for for an add-on...anything really.

I seriously doubt a scorned guide is even a consideration in the process.

 

[TisBit]

But there seemingly has historically been no rhyme or reason to why a particular contract is reclaimed using ROFR. It may be use year, number of points, what members may be waiting for for an add-on...anything really.

I seriously doubt a scorned guide is even a consideration in the process.

I agree....while us looking at some of the contracts that have been ROFR'd there may not seem any real sense to it, I am sure Disney is using information that we don't have access to. Most likely they have a certain level of points for all the resorts they try to keep on hand, only spend so much per quarter, month on buybacks, etc etc. So if they have bought a ton back, maybe they will let some go, while others are bought when inventory is running low at a certain resort.

 

[disneynutz]

But there seemingly has historically been no rhyme or reason to why a particular contract is reclaimed using ROFR. It may be use year, number of points, what members may be waiting for for an add-on...anything really.

I seriously doubt a scorned guide is even a consideration in the process.

Anything is possible. This Broker deals with Disney on a daily basis and has a good feel for the normal patterns. When I told them about Guides telling people that their resale purchase was going to be ROFRed, the Broker was noticeably upset. They stated that this is a common practice in the timeshare industry and if Disney is resorting to such tactics, this is a very sad day.

Only time will tell.

Bill

 

[Chuck S]

It shouldn't be all that common, as few timeshare brands even have a ROFR clause.

 

[Dean]

Anything is possible. This Broker deals with Disney on a daily basis and has a good feel for the normal patterns. When I told them about Guides telling people that their resale purchase was going to be ROFRed, the Broker was noticeably upset. They stated that this is a common practice in the timeshare industry and if Disney is resorting to such tactics, this is a very sad day.

Only time will tell.

Bill

To my knowledge there has never been any indication that DVC has been selective on ROFR in a vengeful way. There ARE other companies that do take this type of approach and some that are even worse like Westgate. While I understand why a broker would be upset, I don't see the approach of selectively being more aggressive for ROFR with those already in contact with DVC as unreasonable or unethical. We'll see if DVD is going this way, I doubt it. If they wanted to be more selective on ROFR, they'd likely get a lot more bang for their buck being very aggressive on small contracts that are not add ons to an existing master contract.

 

[Dean]

It shouldn't be all that common, as few timeshare brands even have a ROFR clause.

Of US based companies, a fair number do but it's still a minority of the total. However, it is a much larger % of the top tier resorts. Of the ones that don't a fair number offer significant benefits to retail buyers that are not available to resale buyers.

 

[Paging Tom Morrow]

Anything is possible. This Broker deals with Disney on a daily basis and has a good feel for the normal patterns. When I told them about Guides telling people that their resale purchase was going to be ROFRed, the Broker was noticeably upset. They stated that this is a common practice in the timeshare industry and if Disney is resorting to such tactics, this is a very sad day.

Only time will tell.

Bill

First, I received the same form letter as the OP when we initially decided not to buy. It's not sarcastic at all, it's computer generated.

We later reconsidered and now own at three resorts.

That being said, as an owner with a vested financial commitment, I wish they would ROFR more contracts; especially those that are being purchased by non-members as the usage of ROFR keeps the value of my investment higher.

Without ROFR down-turns in the economy, like the one we are experiencing now, could wipe-out most of the value as it only takes a small number of people trying to quickly liquidate their assets to change the market. ROFR basically kills that possibility by not allowing a customer to buy at those severely reduced prices.

 

[Anthony1971]

That being said, as an owner with a vested financial commitment, I wish they would ROFR more contracts; especially those that are being purchased by non-members as the usage of ROFR keeps the value of my investment higher.

Without ROFR down-turns in the economy, like the one we are experiencing now, could wipe-out most of the value as it only takes a small number of people trying to quickly liquidate their assets to change the market. ROFR basically kills that possibility by not allowing a customer to buy at those severely reduced prices.

It is nice that DVC does have a high value for resale and for some can even make money with the lower resale. Some may also break even however most will loose money.
However DVC was never ment to looked at as having an monetary value other than a prepaid vacation. If you buy this with intention of selling should you ever need the money chances are you will get burned.
DVC is money spent on a vacation and as such should only be money you are willing to spend on a vacation and never see again...
It is however a great investment in your Family and a great way to take a vaction in a bad economy as it was mostly paid for when one had money..

 

[Jason@dvcstore]

That being said, as an owner with a vested financial commitment, I wish they would ROFR more contracts; especially those that are being purchased by non-members as the usage of ROFR keeps the value of my investment higher.

If you are wishing you might wish that as an owner nobody was selling their DVC. If all members of DVC never listed or sold their property than your property would be worth so much more. The fewer people selling generally creates more demand and a higher price.

Of course, here at The Timeshare Store, Inc.® we are not wishing for everyone to hold on to their DVC points.

Jason

 

[LisaS]

We bought our first contract in 2005. We very nearly bought directly from Disney so I spent over an hour talking to a guide on the phone. At one point she said "Just so you know, Disney exercises ROFR on every resale." Fortunately I had spent a few months reading lots of posts here on the DVC boards so I knew that wasn't even remotely true. I just don't understand why some sales people will lie to a customer, particularly in the Internet age when it's so easy for people to find out the truth.

 

[oct2014]

Even though DVC should not be looked at as an investment, if you don't anticpate adding on points it would seem that you would want your contract to retain its value. First, it is human nature not to want to see something available cheaper (whether retail or resale) than you paid (whether retail or resale), even though it doesn't change the intrinsic value the item has for you. Second, if you suddenly needed to sell, you would hope to get close to what you paid.

I feel like I am missing something. Is the issue that the gap between retail and resale prices is necessary to maintain a resale market, and without that market you could not sell your points if you needed to liquidate? Does DVC ever buy back points directly?

Caroline

 

[Jason@dvcstore]

I feel like I am missing something. Is the issue that the gap between retail and resale prices is necessary to maintain a resale market, and without that market you could not sell your points if you needed to liquidate? Does DVC ever buy back points directly?

Caroline

The resale prices are determined by supply an demand. Of course, sellers wish their points would sell for more and buyers wish they could get them for just a few dollars per point. Should you need to sell your DVC points you should not have any problem. For example, The Timeshare Store, Inc.® has had great success since 1994 in selling the DVC properties. We currently have 6 associates who all specialize in Disney Vacation Club.

For some resorts I believe Disney will directly buy your points back. I believe they will give you $55 per point.

Jason

 

[Grumpygrandpa]

When we bought in we were talking to our guide (Megan Moriarty) and looking at resale at the same time. Megan was always friendly, honest and helpful. We ended up buying direct mainly because we could use the points for an immediate planned vacation. If I would have had the same type of response from my guide as the OP endured with hers I would never had bought direct. Rather you buy direct or resale you are still assigned a guide. Guides would be wise to treat all contacts as potential sales. Even though I told Megan many times that I would never pay full price she found a way to convince me to do so.

 

[oct2014]

The resale prices are determined by supply an demand. Of course, sellers wish their points would sell for more and buyers wish they could get them for just a few dollars per point. Should you need to sell your DVC points you should not have any problem. For example, The Timeshare Store, Inc.® has had great success since 1994 in selling the DVC properties. We currently have 6 associates who all specialize in Disney Vacation Club.

For some resorts I believe Disney will directly buy your points back. I believe they will give you $55 per point.

Jason

Thanks for the info.

Caroline

 

[BoardwalkSuzy]

I see everyone gets same form letter when the Disney DVC people have to get them off their computerized system as prospects. Got postcard too in mail today with same response, and see others all get the same. Thanks everyone for support and letting me know it was just a computerized standard letter.

Now just have to twiddle thumbs and wait for a month, and look through the glossy photo brochures. I never got those docs I asked for like initial offering (total points sold per resort), or rules/regulations, or what terms Disney can change mid-course during ownership - ie, taking valet parking away at Boardwalk for instance, or how decisions or made for maintenance / improvements and whether or not owners have any say. Aside from learning about the point system- holding, banking and borrowing points, not sure what exactly I'm buying but hey, everyone says they love this, and our family wants to travel to Disney, so we're taking this gamble. Glad to see how easy ownership is resale-wise, and haven't heard complaints about not being able to get rooms you want, when you want at the 11 month window - so that is all good.

Got the comps finally, and our contract is on the low end, but not off charts, as far as the sales prices being passed these days - so there is a chance. If does get RofR'd then will try again next month.