Is BLT going to sell out in 6 months?

[jaci-h]

We did the DVC meeting, etc yesterday. We've decided its definitely what we want to do, but we need about 6 months to get where we want to be financially (I just started a new career, doubling our income, so the money is there yay!). We feel like starting DVC young we're going to get the best value out of it as an asset and it has the potential to grow as our family does.

When our consultant realized we weren't buying yesterday, he started hammering in the fact that BLT will be sold out within 6 months. Was this a sales tactic? or is it just a small possibility?

We loved AKL, but BLT seemed to suit us and our future gaggle of children much better (and I loved the decor).

So in 6 months will it be gone? I'm concerned... I know we can buy a resell, but I was to do it all straight from DVC with Disney financing.

 

[Sandisw]

Anything is possible in terms of the resort becoming "sold out". Having said that however, I don't believe that it will be.

And, in all cases, even when a resort enters "sold out" stage, Disney has points available that they will be able to get for you. It sometimes takes a bit like a week or so, since they can acquire points vis the ROFR process.

But, BLT contracts are showing up on the resale market and you can always look there to buy. It may even save you a small amount of money if you can find the contract that you want.

Even now, the TSS has several small 50 point contracts for sale.

Good luck!

 

[sweetdana]

They have not delcared off of it, so it is unlikely they will actually run out of points. They can call it a sold out resort anytime it just means no sale price on it. If I was a gambling person I would say, this will not happen until there inventory is much lower.
They will very likely have points to sell.

 

[Bigeasy]

In the process of buying BLT I was not told about the possibility of selling out until all was said and done. It was mentioned sort of an afterthought. He did say that the BLT is selling faster than expected.

Not sure if this helps.

Good luck.

 

[disneynutz]

Would you feel the urgency to buy if he said that it will be a couple of years before before they sell out? Of course he lied, he is a salesman.

Bill

 

[Flora Fan]

I read on these boards (somewhere) that the BLT is 80% sold. Can't confirm this, but thought I'd mention it just in case. We bought BLT in late July so we know exactly were you are.

Wonder if the salesman would agree to contact you when the numbers get low. This would allow you more time to put finances together and would ensure him the sale with you.

Good luck on whatever you decide.

 

[disneynutz]

I read on these boards (somewhere) that the BLT is 80% sold. Can't confirm this, but thought I'd mention it just in case. We bought BLT in late July so we know exactly were you are.

Wonder if the salesman would agree to contact you when the numbers get low. This would allow you more time to put finances together and would ensure him the sale with you.

Good luck on whatever you decide.

Disney will always sell BLT so don't listen to your Guide. The incentives may be reduced but that is a contrived number anyway. Raise the price to $120 per point, then offer an incentive at $10 off to make you think that you are getting a good price and that you better buy now before the price goes back up.

Disney still sells OKW and that was first offered how many years ago?

Bill

 

[rlovew]

I read on these boards (somewhere) that the BLT is 80% sold. Can't confirm this, but thought I'd mention it just in case. We bought BLT in late July so we know exactly were you are.

Wonder if the salesman would agree to contact you when the numbers get low. This would allow you more time to put finances together and would ensure him the sale with you.

Good luck on whatever you decide.

I believe what you read is the 80% of the points are declared (meaning they can be sold)- I believe at last tally it was around 55-60% sold- that still leaves more than a million points.

 

[JimMIA]

I read on these boards (somewhere) that the BLT is 80% sold. Can't confirm this, but thought I'd mention it just in case. We bought BLT in late July so we know exactly were you are.

Wonder if the salesman would agree to contact you when the numbers get low. This would allow you more time to put finances together and would ensure him the sale with you.

Good luck on whatever you decide.

It's a very good idea to listen to all statements by DVC sales people with a very skeptical ear. They can call themselves whatever they want, they're still timeshare salesmen.

I believe BLT is 80% or more declared, but only about 60% sold. "Declared" simply means the units have been put into points inventory so they can be sold.

I think the incredibly shrinking minimum purchase requirement (from 160 to 50 points) and the discounts DVC is offering should tell folks pretty clearly that BLT is not selling very well right now.

The problem is the economy - not the product - and the economy is not going to change for the better in the next six months. Worse? Maybe, but better, no.

 

[Flora Fan]

I believe what you read is the 80% of the points are declared (meaning they can be sold)- I believe at last tally it was around 55-60% sold- that still leaves more than a million points.

Thanks for the clarification. I'm kinda new to the DVC family...didn't even catch the "declared" versus "sold". Sorry if I confused anyone.

Thanks again for keeping me straight.

 

[JimMIA]

For a resale comparison, I just saw a post on the ROFR thread that someone bought -- and passed ROFR -- with BLT for $92.50 per point.

 

[william1375]

There will always be a resale market.

 

[McCrae]

i was told by my guide the BLT was 80% sold. We already own BLT and he new we were not thinking about buying so no reason for him to give us the wrong information.

IMO I think you can wait. With VGC DVC declared that the resort was in its final sell out phase a few months back and they are still selling points.

No such declaration for BLT.

 

[JimMIA]

i was told by my guide the BLT was 80% sold. We already own BLT and he new we were not thinking about buying so no reason for him to give us the wrong information.

Well...maybe he had a reason you don't know about, or maybe he was simply wrong.

But the 60% sold figure comes from a DIS member (who is not selling anything) who does extensive research on the public records of recorded sales, and keeps careful records on BLT in particular.

DVC timeshare salesmen are notorious for giving out erroneous information, and sometimes it's because they are afraid to just say "I don't know." Sometimes they are less credible than the bus drivers!

 

[Sammie]

i was told by my guide the BLT was 80% sold. We already own BLT and he new we were not thinking about buying so no reason for him to give us the wrong information.

IMO I think you can wait. With VGC DVC declared that the resort was in its final sell out phase a few months back and they are still selling points.

No such declaration for BLT.

He/she knew you would share it here.

 

[jaci-h]

Thanks for the info, friends. DH and I are feeling much less frantic about it. I'm excited. We're setting our goal to have a nice hefty downpayment before our next summer vacation

 

[arthur06]

i was told by my guide the BLT was 80% sold. We already own BLT and he new we were not thinking about buying so no reason for him to give us the wrong information.

IMO I think you can wait. With VGC DVC declared that the resort was in its final sell out phase a few months back and they are still selling points.

No such declaration for BLT.

Its all how you word the terminology....

Like guides don't try to lie to you... they just give you 80% of the information that they have, when they only know 70% of the facts, when 60% of what they know is last months truths, when you only hear 50% of what they say...

 

[rock_doctor]

Don't rush, do it when you are comfortable with the purchase. Some of the guides are pushy and some are not. You got one that was... I would wait until the next "sale". Last March they had $12 off per point if buying 200 points, i think. Last Christmas they were selling for $120 a point but they gave you a couple thousand $ back as a bonus. So i would wait until Christmas or until the next DVC podcast. We are going to add on 110 points this Christmas and another 110 points next Christmas, so we are not worried. The last i heard they sold 55% of available points and if they start to run short they will just ROFR more aggressively (right of first refusal - any non Disney sale of points Disney gets the first chance to decide if the sale price is ok or too low. If too low they just buy the points back at the for sale price rather then letting the sale go through). If you are pressed for cash you may consider doing what we are doing. They give you the current years points and once you cross you user year you get the next years points (just make sure your user year is in the future). As long as your vacation is after your user year you can combine points and have enough for the vacation but be able to break the purchase up into two parts over two years. So... we want to go each summer and need 220 points for each summer. We will buy 110 points this Xmas and at that time they will give us the 110 points from 2010 with likely a February user year. Once we cross over our use year we will get another 110 points giving us the necessary 220 points for the summer. Next Xmas (2011) we will do it all over again and have the necessary 220 points for summer 2012 and then from that point on we will have the normal 220 points we bought in two 110 point contracts. So we bought our desired 220 point add-on and broke it into two $13,200 purchases that were spread over two years. Good luck

 

[bobbiwoz]

On Sunday at the TOTWL's member presentation, it was mentioned that BLT was expected to sell out within a year.

 

[jlewisinsyr]

On Sunday at the TOTWL's member presentation, it was mentioned that BLT was expected to sell out within a year.

When it went on sale Disney said it was going to sell out in a year. Basically they are using pie in the sky modeling and forecasting, not that different then any other company in the world.