Monitoring resort points for selling out

[Girlstar30]

So I worked there a long time ago, 17 years ago. I worked at a beach front property in Newport Beach, CA which is a very affluent area at the front desk checking people into their rooms. We at the front desk hated the salespeople because they would promise everyone ocean view rooms when only a small percentage of rooms were actually oceanview, with the best ones being occupied for weeks on end by our regulars. So basically they would lie to everyone to sell, then come check in time, guess who got screamed at when they were placed in a room that had no view. The best was the entitled celebrities (yes Supernanny) who would throw a fit when they wouldn't get oceanview even though they weren't even members and werent paying a dime for the timeshare dues. Ah, those were the days. I told myself I would never buy a damn timeshare in my life and here I am at least it kept me away from less desirable ones like marriott. So I'm assuming this was before because I have never heard of this trust concept, but to be fair the timeshare department was a completely seperate dept that I didn't know much about, only that the owners were promised things that didn't exist

 

[Girlstar30]

When did you work for Marriott? Before or after they transformed their timeshare model to a trust? One of Marriott's previous executives now works for DVC, and suspicion is that the DVC timeshare trust products will work very similarly to how the Marriott timeshare trust works, but no one knows for sure.

The DVC resorts in Florida other than CFW are legally constituted as condominium associations under Florida law. That means we own a percentage of the physical building, and it's only for convenience that our ownership is represented by points. For instance, we own two contracts at BWV, and each represents 150 points out of the however many million points there in the BWV condominium association. Each condo association building is divided into Residential Units, which can be different sizes. One of our contracts states that we own 0.2872% of an RU made up of 7 specific dedicated studios and 1 specific dedicated 1BR that's on the 3rd floor of BWV. The other contract states we own 0.8651% of a different RU that's composed of 1 specific dedicated studio and 1 specific dedicated 1BR, also on the 3rd floor of BWV. Somewhere in the files of the State of Florida are floor plans that show exactly which villas those are, but I don't know how to find them! So if you buy RIV, you'll be buying a percentage of the building, which is why you'll be responsible for paying dues for upkeep and operations.

Very interesting, I would be that person trying to find out which villa I owned part of for bragging rights

 

[CarolynFH]

Very interesting, I would be that person trying to find out which villa I owned part of for bragging rights

I'm pretty sure that at some time in the distant past, someone posted either here or on another forum a link to the BWV floor plans showing the RUs, but I didn't bookmark it and I can't find it now. And I've just never been interested in diving into the Florida timeshare/condo association documents to find them!

 

[Girlstar30]

The trust model is too new to know how it will work long term - read the linked thread & you’ll see that we all have questions.
If you want to see what a deed for DVC looks like go here https://or.occompt.com/recorder/web/ click accept & then chose a date range & type in Disney as the party. Click on image for any of the entries & you’ll see the deed. The cabins have recorded deeds, however they are worded differently than non trust DVC deeds & reference different documents because they are a trust ownership type of timeshare.

Awesome I saw them, do they send you a physical copy when it closes, I would like to have one

 

[3 DD love princesses]

If I were to take an educated, but completely unbacked guess, I think this most recent base price increase + mild incentives will slow down point sales enough that sell out date for RIV will be 2-3 years. But this assumes they don’t do some kind of significant fire sale. I know some have recently made a few good points as to why DVC might not ever do a blowout sale for RIV, but my only argument against this logic is if RIV isn’t sold out by the time LSL is about to go on sale, they might just want to finish RIV with a good sale so they don’t have so many active choices. Lots of unknowns but I still think it will be 2+ years before it sells out.

In about a year I’m going to ask my guide to please give me a warning when the resort is near sellout to do one last purchase. Not sure if they’re allowed to do that but it’s worth an ask. Other than that, we’ll have to keep monitoring it ourselves based on @wdrl reports.

Our guide lets me know when a promotion is going on and offered to let me know if one is low on points. I’m sure your guide can add you to their list.

 

[Girlstar30]

Our guide lets me know when a promotion is going on and offered to let me know if one is low on points. I’m sure your guide can add you to their list.

Yes, when I told ours that we were going with BLT resale, but are still interested in buying direct when a good deal comes up, he said he would keep us in the loop of when something spicy pops up. Since he hasn't emailed us again, I take it that he doesn't think what DVD has going on right now is very spicy