Fewer Contracts For Sale

[nickspace]

Has anyone noticed how many fewer contracts are for currently for sale as opposed to 5-6 years ago? When we bought our first contract at SSR in 2007 there were so many contracts for sale and now there are just a few. I guess this is a good sign that the economy is improving.

 

[Simba's Mom]

I have noticed that there are hardly any BCV contracts. When I looked at TTS yesterday, I think there were 2. We're looking for a small add-on there, and I remember a few years ago, when we wanted an add-on at HHI, it took 8 months to find. And I thought that was a long time!

 

[Chuck S]

I think the economy is stabilizing and perhaps slowly improving...fewer large scale layoffs. Also, I think the fact that maintenance fees haven't increased dramatically and the point charts didn't go through any big reallocation makes things more stable for people.

 

[drusba]

Is this another sign that the economy might actually be improving? It is hard to believe when you keep seeing horrible employment figures, more national debt, and many in congress proposing the solution is to just to tax people more, but perhaps other signs are more encouraging. Disney in various ways appears to be one of those signs, with its good timeshare sales, with the resale market becoming tighter and prices actually going up, and, this is one that really made me think improvement is ahead, it does not appear Disney is going to be doing free dining with its late summer trip packages this year as it has in the economic down years recently passed.

 

[BWV Dreamin]

I think the recent classic resort price increases are responsible for the liquidation of resales contracts. Many remember the last resales restrictions and I think many sitting on the fence have bought to hopefully circumvent future restrictions. That coupled with increased ROFR due to direct waitlists have all but obliterated the resales market. The question is how long will this trend hold on?

 

[jlewisinsyr]

Two things are guaranteed to improve when the economy improves; crime rate decreases, discretionary purchases increase while personal sales decrease.

 

[backyardponder]

It looks like prices are up as well. Supply & Demand!

 

[Buzzsgramma]

I think it has more to do with the fact that those who have lost their DVC because of bankruptcy ,or those who just walked away from their contracts, & the resales have run the gambit....than the economy improving that much..

 

[bookwormde]

I am not sure compared to 5-6 years ago, I think it is close, but compared to the last 4 years yes the market is much tighter. Part from increased public demand and part form ROFR and buyers taking out multiple contracts before they get one. Once DVD is done "restocking" I think you are going to see the selection grow significantly.

 

[El&Asmom]

Lets not forget about the obscene price they are charging for buying direct from Disney. If people are going to drop tens of thousands of dollars they are likely to do some research and find the resale market are realize how crazy direct prices are.

 

[El&Asmom]

Wow. Just checked TSS for the first time in ages. There really is no inventory.

 

[Splashboat]

When we first looked to purchase a couple of years ago, we started looking in the spring and the options seemed scarce. The sales person said spring is the hardest for buyers because people are buying with their income tax returns. She said later in the year, when dues are around the corner, their will be more people looking to sell. We waited until late summer and found what we wanted the first day that we made our minds up on which resort.

 

[luckyman_apd]

When we first looked to purchase a couple of years ago, we started looking in the spring and the options seemed scarce. The sales person said spring is the hardest for buyers because people are buying with their income tax returns. She said later in the year, when dues are around the corner, their will be more people looking to sell. We waited until late summer and found what we wanted the first day that we made our minds up on which resort.

I started looking resale during oct/nov the year we started. We made an offer the following January. Inventory grew over those months. After I bought the inventory slowly declined until the fall the next year again. When we offered, the counter offer came back and we were told this is it. That price or look for another contract. The buyer was expecting other offers as income tax return season was around the corner. It was a contract I desired with a UY I didn't see often so we took it. I think there is major corolation of tax returns and resale purchases.

 

[BWV Dreamin]

Just got an email from .....There is a 50 pt VWL for sale NOW!

 

[tjkraz]

Is this another sign that the economy might actually be improving? It is hard to believe when you keep seeing horrible employment figures, more national debt, and many in congress proposing the solution is to just to tax people more, but perhaps other signs are more encouraging.

If nothing else, the millions of Americans who are gainfully employed probably feel more secure in their situation. Unemployment figures have looked better, but if the people who have jobs don't believe they are in any danger, they will spend accordingly.

Many remember the last resales restrictions and I think many sitting on the fence have bought to hopefully circumvent future restrictions.

Really? It's been more than 2 years since the last announcement and every rumor has amounted to nothing.

I haven't seen any real evidence of people buying now because they fear some imminent change.

Lets not forget about the obscene price they are charging for buying direct from Disney. If people are going to drop tens of thousands of dollars they are likely to do some research and find the resale market are realize how crazy direct prices are.

Agree with that!

The price increase may be driving some of it--if a buyer was hit with ROFR they may be inclined to immediately bid on another. And we're in a normally slow time for new resale listings.

Listings tend to peak in the winter months as annual dues bills arrive. That backlog has slowly been whittled-away. Meanwhile the relatively stable economy is producing fewer sellers and more buyers.

Of course, consumer confidence dropped in March so what do I know?

 

[csharpwv]

Holy COW!

I hadn't really looked at resales for quite a while - there REALLY aren't many on the market now, are there?

We own four contracts, two direct, two resale - and when we were shopping for resales over the last three years there was literally anything and everything on the market. Waiting more than a few months to get what you wanted really wasn't all that common.

From the time that we decided that we were official 'shopping' we found what we wanted within a week or two.

Our last purchase was our Hilton Head points and it took about two weeks of looking every single day and inquiring about a couple to get exactly what we wanted, at the price we were willing to pay - and we ended up getting twice the points we originally 'wanted' for about 1/3 less than what we were willing to pay. We paid less than $42.00 per point before the resale changes took effect.

The number of contracts on the market is kind of shocking really - by scanning 4 sites I only found 5 OKW contracts that weren't in pending status. I also looked for VWL contracts and only found 2!

Is DVC really ROFR'ing that many contracts?!

I realize they have waiting lists, but I'm really surprised!

Hmmmm Now I'm thinking now may be the time to sell a small contract we own, put some money with it, and buy VGF when it goes on sale... SHHHHH don't tell my wife I'm scheming! HAHAHA

 

[intertile]

There also have been a lot of rumours floating around regarding new resale restrictions. Obviously just rumours, but there seems to be a lot more of them in the past few months. That with the invrease in price of direct, and the increase in Rofr has created a larger demand.

 

[Sur]

There also have been a lot of rumours floating around regarding new resale restrictions. Obviously just rumours, but there seems to be a lot more of them in the past few months. That with the invrease in price of direct, and the increase in Rofr has created a larger demand.

I bought an add on- wanted more points, saw no need to wait any longer, and I did take into account now is better than later if further restictions came. I'm sure at least a few others considered this also.

 

[BWV Dreamin]

I bought an add on- wanted more points, saw no need to wait any longer, and I did take into account now is better than later if further restictions came. I'm sure at least a few others considered this also.

Just as I thought. I am sure you are not the only one. TJ are you reading this?

Although no guarantee Disney has always grandfathered prior owners ( both direct and resales) from any new changes.

 

[tjkraz]

Just as I thought. I am sure you are not the only one. TJ are you reading this?

Yes. But when it comes to making a purchase that typically runs $10K+, I tend to think the "wanted more points" and "saw no need to wait any longer" played a greater role in the decision to buy.

I really don't see many people rushing into a purchase with mixed feelings if their driving motivation is to avoid some restrictions which:
a) have never been quantified, and
b) may or may not even happen