New Low Price for Poly????

[Matty B13]

Just saw this on DVC Resale Markets FB page. https://www.dvcresalemarket.com/listings/polynesian/pla656/

 

[DduzDis]

That would be an unheard of price. But, I'd be curious to see if it passes ROFR. I'm skeptical. Someone in no hurry could certainly give it shot.

 

[aoconnor]

A lot of points if you're only booking studios... maybe enough for bungalows every other year but that's got to be a small market of buyers. Not getting any points for 15 months either, so that's worth ~$8pp net of the MF.

 

[stuartsong]

It will be interesting to see how fast it sells.

 

[striker1064]

Yikes. We've had a Poly contract listed with no bites, guess that doesn't bode particularly well.

 

[crvetter]

I think the market is slowing down quite a bit all around, mostly because we are hitting the end of summer when people probably over-extended budgets and such (and to a lesser degree, but larger maybe later, market uncertainty). For instance this contract: https://www.dvcresalemarket.com/listings/beach-club/bc9571/ a few months ago would have sold instantly probably even at the 166. If this one went to 140, which I think is all it's worth, I would buy it. Though I was seeing 145 easily get bought in minutes of a larger contract size (150+).

 

[Matty B13]

If you look around at the resale sites, there are a lot of Poly contracts out there for sale, don't know how long they have been on the market, but it seems like there is a glut of them.

 

[_auroraborealis_]

I feel like we're running into the first big phase of "people who didn't know what they were buying."

 

[Matty B13]

I feel like we're running into the first big phase of "people who didn't know what they were buying."

Ding, ding, ding, ding, ding.

I feel sorry for those people, especially now with the new resale restrictions.

 

[_auroraborealis_]

Ding, ding, ding, ding, ding.

I feel sorry for those people, especially now with the new resale restrictions.

I think we're about 18 months out on the first big run of CCV.

 

[BigOnDis]

Just saw this on DVC Resale Markets FB page. https://www.dvcresalemarket.com/listings/polynesian/pla656/

Interesting, I bid $135 on a Poly contract with them a couple of weeks ago and they essentially laughed at me and said no way the Seller would accept that offer. That contract is still out there. If I don't pass ROFR on the contract I am currently working on, I may make another stab at it.

 

[Philsfan77]

If you look around at the resale sites, there are a lot of Poly contracts out there for sale, don't know how long they have been on the market, but it seems like there is a glut of them.

Noticed the same thing last week...a few have been sitting there since May.

 

[Disney Dad ADL]

I've tended to feel that Poly resale was overpriced when compared to VGF and BLT, although now VGF has gone up so maybe that doesn't mean much any more.

I also feel CCV is overpriced as well relative to the other resorts.

I think these newer resorts tend to be overpriced on the secondary market because there's usually not much supply initially. As it gets older and more people start selling, the price starts to settle down, but the problem is that DVC as a whole has increased so much even when the price "settles" it's often still higher than before.

 

[dropd]

Interesting, I bid $135 on a Poly contract with them a couple of weeks ago and they essentially laughed at me and said no way the Seller would accept that offer. That contract is still out there. If I don't pass ROFR on the contract I am currently working on, I may make another stab at it.

I feel like DVC Resale Market does that pretty frequently to offers. I've had a few definitely *normal*, mainstream, not lowball offers, be refused to be passed on to the seller by the agent, and it felt like the agent was just fishing to get me to offer more. It's one thing for the agent to say "I don't think the seller's inclined to accept" but it's another to just sit on the offer and never pass it through. One thing I'm growing to increasingly dislike about shopping the resale market is that because the broker's working both sides of the transaction, they sometimes seem to exhibit conflict of interest-type behavior in some circumstances.

 

[Newbie500]

Could the owner of that poly contract use the points to book two adjoining studios at once?

 

[crvetter]

Could the owner of that poly contract use the points to book two adjoining studios at once?

It's only a request not a guarantee.

 

[chalee94]

Could the owner of that poly contract use the points to book two adjoining studios at once?

But they could book 2 studios, subject to availability.

Also, adjoining does not mean connecting. Just so's ya know.

 

[Newbie500]

Thanks for the answer and the English lesson

 

[Matty B13]

I feel like DVC Resale Market does that pretty frequently to offers. I've had a few definitely *normal*, mainstream, not lowball offers, be refused to be passed on to the seller by the agent, and it felt like the agent was just fishing to get me to offer more. It's one thing for the agent to say "I don't think the seller's inclined to accept" but it's another to just sit on the offer and never pass it through. One thing I'm growing to increasingly dislike about shopping the resale market is that because the broker's working both sides of the transaction, they sometimes seem to exhibit conflict of interest-type behavior in some circumstances.

I felt this way a couple times I have made offers.

This is why you should only offer what "YOU" think the contract is worth and not the broker.

 

[rg35]

I wonder when DVC will reach the point of being "overbuilt."

How many people can really afford these prices? It's not only the upfront and ongoing costs, but everything else required to visit WDW - airfare, park tickets, meals, incidentals. I think most of us know that so many people buy DVC as an impulse without considering the long term budget implications. I wonder what percentage of newer buyers feel like they have been sold snake oil, especially given reports of guides increasingly using dishonest tactics to close direct sales.

DVC has proven to be very popular (which is why it has expanded to the point it has thus far) -- but if Riviera and Reflections don't sell well, will that finally signal a halt to building more DVC hotels?