Is BLT going to sell out in 6 months?

[disneynutz]

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.

It's not forecasting, it's Disney marketing, making buyers think that the need to buy now!

Bill

 

[johnsbelt]

It could be a play on numbers as well. Try this one out. The resort is 80% declared and 80% sold out (of the portion that is declared). Using the 80% of the 80% is 64% totally sold. That's just a little higher than has been quoted by a few members.

So who is right? Everyone!

It's all in the way you want to spin the numbers. Salespeople will always spin them to their advantage.

John

 

[GrumpyPOTFH]

IMO you should just wait, it will be available in 6 months and most likely in 12 months.

 

[Greysword]

To the OP, Rock Doc and Grumpy reflects my thoughts when I read your post:

Wait until you are ready and don't buy in impulse! As mentioned in the other posts, just because the resort is officially sold out does not mean you can't own there. There are several options.

However if you buy before you are financially ready, you will pay a price (in higher interest and possibly a significant hit to your monthyl cash flow). Don't stress about not being able to get in (anxious); because, it will cause you financial stress in the long run.

While you are waiting, enjoy the good and bad posts about your new home on the DIS, download some YouTube videos of the Contemporary and the Wishes fireworks from the TOTWL, and set up a timer on your signature block (like a trip) : )

Since you have time before pulling your downpayment together, you can plan for the event. Check out some of the threads on notaries and contract requirements, as I feel it is easier to sign contracts at WDW than at home (if we add on again through Disney, I'll start the process at the beginning of the week so I can sign near the end of the week while we are in Florida).

Maybe other have some suggestions.

 

[TheRustyScupper]

1) Just remember, your "guide" is a licensed Timeshare (Real Estate) Salesman.
2) They are paid on commission.
3) They may not "lie", but truth-stretching is common.

 

[jlewisinsyr]

2) They are paid on commission.

Just a caveat on this, my understanding is DVC representatives are not paid on commission. They do have targets and earn points, but are not paid on a standard commission as a % of sale price as a typical real estate or timeshare agent may.

 

[Brian Noble]

It's not a straight commission (as it would be in traditional real estate---no salary, income *only* derived from sales). But, their pay is tied to performance thorugh a variety of bonuses, etc. and a low-performing guide won't be working there for very long.

So, they can say with a straight face they aren't "on commission", but if it walks like a duck...

In any event, even if it does sell out, there will always be a secondary market. If you are financing, that will be a little trickier, but still doable depending on your precise circumstances. Take your time, do it when it is right for you.

 

[disneynutz]

It's not a straight commission (as it would be in traditional real estate---no salary, income *only* derived from sales). But, their pay is tied to performance thorugh a variety of bonuses, etc. and a low-performing guide won't be working there for very long.

So, they can say with a straight face they aren't "on commission", but if it walks like a duck...

In any event, even if it does sell out, there will always be a secondary market. If you are financing, that will be a little trickier, but still doable depending on your precise circumstances. Take your time, do it when it is right for you.

Disney is does a great job when dealing with the psychology of people.

The person who sells to you isn't a salesperson, they are a Guide. They aren't on commission, but the more they sell the more money they make. The place where you go to make a purchase isn't a sales office, it's a Preview Center, and you aren't buying a timeshare, you are becoming a member in a club.

Bill

 

[Brian Noble]

Don't forget "deeded leasehold." That's one of my favorites.

 

[GrumpyPOTFH]

Our guide (salesman) did tell me when I asked after we purchased if he received a commission. He said they do not call it that but he did make more off my visit because we made a purchase and that the purchase was made at our visit. Asked if the person from Down Town Disney who set up the vist gets money. He said that he gets money, same amount, for the visit no matter if a purchase is made or not.

 

[Iceman13]

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.

There is a thread on the DVC-Mousecellaneous titled "What's in a BLT? - Or, Configuration of the Tower *UPDATED 11/23*", where they track the sales of BLT points. This is where I saw that a month ago, BLT was around 60% sold.

 

[Brian Noble]

Asked if the person from Down Town Disney who set up the vist gets money. He said that he gets money, same amount, for the visit no matter if a purchase is made or not.

In industry parlance, this position is colloquially known as a "body snatcher." No joke.