Looks like I waited too long to sell

[RAD]

Decided to sell out last Xxxx (resort removed) contract, put it on the market back in August and nothing. Looking at the resellers web site the number of listings keeps growing every week. Looks like the rest of real estate the market has swung from sells to buyers (assuming there are any) market.

 

[Sandisw]

I removed the name of the resort so it wasn’t seen as advertising something you are selling.

The market does seem to have shifted some and contracts for sale increasing.

It’s tough to time the market that is for sure

 

[pianomanzano]

Thankfully, the rental market is pretty strong. You can rent points out easily for $16-25/point, depending on if you work with a broker, the resort, or travel time. Might be worth considering renting out your points until the market improves.

 

[RAD]

I’ve rented out points in the past many times. But frankly I just want to cut my ties with Disney, I’m just fed up with what has happened over the past few years and just want out. I can wait, not in a rush to get the $’s.

 

[Her Dotness]

I suspect we may be seeing the result of decisions like yours.

Wanting to unload a 2042 resort while the market is buyer-hot could be a factor, of course. In DVC-think, 20 years left on a "maybe-go-poof" resort doesn't seem like much time.

 

[ML_LovesDisney]

Same here. We were going to sell our large contract at one resort and buy a different resort, and it's been a month and not even a lowball offer. For us, it's fine and I will just keep the points and use them, but I have never experienced this before. We've bought and sold several contracts over the last 12 years and not having even one offer has never happened. The economy is definitely taking its toll on people.

 

[RAD]

I wonder if the slowness is due to the economy or has DVC lost it’s appeal?

 

[RoseGold]

There are always buyers. But your points are the same as all the others. The only differentiator is price.

 

[LYSE]

I wonder if the slowness is due to the economy or has DVC lost it’s appeal?

Mostly has to be the economy.

A lot of people look to cash out well-performing investments to pay for fun things like DVC, those investments are likely in the gutter right now.

Other people rely on loans to purchase DVC and loan interest rates in general are only going up.

And finally, budgets are getting wrecked by inflation leaving fewer people with disposable income.

Of course, Disney in general is getting so expensive that it's also loosing it's appeal to some.

 

[Sandisw]

I wonder if the slowness is due to the economy or has DVC lost it’s appeal?

I personally think the resale prices got too high for many of the resorts to entice buyers in todays economic climate.

Some of that had to be influenced by ROFR with DVD snatching up lower priced ones.

We are now seeing a slight shift in that. SSR is starting to pass under $120/pt.

You then wonder if buyers have stopped even putting in lower offers because they figure it’s not going to pass and simply aren’t wasting time now but waiting to see how things shake out.

 

[DonMacGregor]

You then wonder if buyers have stopped even putting in lower offers because they figure it’s not going to pass and simply aren’t wasting time now but waiting to see how things shake out.

While there always seems to be a "thrill of the hunt" contingent that is hell-bent of getting the cheapest deal possible, and get some thrill out of the game, regardless of how many offers they have to make and how many months they spend in ROFR limbo (so long as they "win" in the end), there are plenty of others who get highly discouraged when they find themselves on their third of fourth contract that they've tried to sneak in at or below "current" ROFR levels, and a number of them have posted here that they are going to "take a break" from the process (even while being prodded to "not give up and just keep trying by the deal hunters).

 

[Tigger2ntinkerbell]

RAD,
I know how you feel. We're in the same boat. With the way we feel Disney is heading it's just no longer for us .
I honestly never thought I would sell all of our contracts. It was not an easy decision, we've had long conversations. But we have decided to step away.

 

[TinkB278]

I personally think the resale prices got too high for many of the resorts to entice buyers in todays economic climate.

Some of that had to be influenced by ROFR with DVD snatching up lower priced ones.

We are now seeing a slight shift in that. SSR is starting to pass under $120/pt.

You then wonder if buyers have stopped even putting in lower offers because they figure it’s not going to pass and simply aren’t wasting time now but waiting to see how things shake out.

I agree with this as it was the situation we were in. I wanted to buy some AKV points resale but the prices were so high I decided to just add on some more RIV points direct. The fact that the AKV resale points would be restricted to RIV and new resorts really lessened the value for me and I didn’t want to pay $130+ per point.

 

[DL1WDW2]

I got rid of my points by selling it back to one of the resale markets after looking at the flat sales and competition in all the listings…
Would hate to try to sell SSR nowadays.
Hope Disney figures out a way to manipulate the maintenance dues to make DVC Riviera & Poly & GF look like a bargain. But that just boosts their sales and hurts the resellers even more.
Good luck trying to sell

 

[RoseGold]

I got rid of my points by selling it back to one of the resale markets after looking at the flat sales and competition in all the listings…
Would hate to try to sell SSR nowadays.

Anyone selling SSR right now is doing just fine. I bought it in the 90s a few years ago. Thing has been a rocket ship since Covid.

 

[Philsfan77]

I wonder if the slowness is due to the economy or has DVC lost it’s appeal?

I'm going with Economy and Shift back to normal. The market spiked heavily in favor of sellers over the last 2-3 years, and it became the new normal during that stretch to only see a couple hundred resales available on the market at any given time and they were getting snatched quickly. However, when we first started looking into DVC back in 2016-2017, it was the norm to see 6-800 contracts on DVC Resale Market, some that had been there for multiple months and had "reduced" tags next to them. I hadn't checked the site in awhile, so I was curious to see how many were available on the site sponsors site and there are 684 available right now. I scrolled through, and honestly, it looks similar to what it looked like in 2016-2017 when we were looking back then.