Noticing prices "reduced" on some websites

[Red Dog Run]

Just an observation- seeing several reduction notices on our sponsor's resales site. Maybe the message is that some of the prices were too high for a resale market? What's your opinion?

 

[dvc lover 1970]

I am noticing that too. Prices rose too fast, rule of thumb what goes up fast comes down fast.

 

[Matty B13]

Yep, noticed this as well. The resale prices were getting to close to the direct prices, making buying resale a lot less desirable. It will be interesting to see what happens with direct pricing for VGF 2.0 and the new Disneyland DVC coming out soon. I know we are in the middle of covid right now, but direct sales have been slumping, and RIV isn't selling at the pace they probably though it would (but that could or couldn't be because of covid). I wonder if Direct Prices are starting to hit a wall with the market right now, and if they can continue with the price increases we have seen the last 2 years.

 

[Epcot Forever Forever]

Just an observation- seeing several reduction notices on our sponsor's resales site. Maybe the message is that some of the prices were too high for a resale market? What's your opinion?

There’s more contracts for sale on that company’s website than any time in the last year. So it’s supply and demand.

 

[Epcot Forever Forever]

I am noticing that too. Prices rose too fast, rule of thumb what goes up fast comes down fast.

I’m a fully liquid market, sure. The brokers in this case have a vested interest in slowing the price drop as much as they can, and gum up the market. I see prices dropping but at a measured pace.

 

[Amyeliza]

As someone who recently sold my DVC resale property, my original asking price was based on the calculator on the resale company's website. I just went with their recommendation without researching the market too much. Within a couple days, I lowered it once because other similar listings were lower. I lowered it a second time (total of $6) and it sold couple days later. The property sold in less than two weeks. I was told to expect the property to sell between 90% and 95% of the asking price.

 

[pianomanzano]

Currently waiting on ROFR for our first DVC resale purchase and did research for about 3 to 4 weeks prior to putting in an offer. I will say the prices listed on the sponsor's website are consistently higher than listings on other sites. I saw similar contracts (resorts/points available) being upwards of $15 to $20/pt higher than listings on other sites. To a newbie like me, it makes putting in an offer or trying to negotiate from such a high inflated price that much more difficult and ultimately didn't even bother. I know it's all a balancing act between getting good value and passing ROFR and I also know some of the brokers out there won't caution buyers about ROFRs (hence some of the lower listings) since they still get commission whether Disney takes contracts or not. I know there's probably more factors at play, since prices aren't static, individual seller's beliefs on the worth of their contract, etc, but as a buyer I was put off by some of the higher resale listings on their site. Would definitely consider them if I ever sell a contract (assuming I get one to go through ROFR)!

 

[Sandisw]

Currently waiting on ROFR for our first DVC resale purchase and did research for about 3 to 4 weeks prior to putting in an offer. I will say the prices listed on the sponsor's website are consistently higher than listings on other sites. I saw similar contracts (resorts/points available) being upwards of $15 to $20/pt higher than listings on other sites. To a newbie like me, it makes putting in an offer or trying to negotiate from such a high inflated price that much more difficult and ultimately didn't even bother. I know it's all a balancing act between getting good value and passing ROFR and I also know some of the brokers out there won't caution buyers about ROFRs (hence some of the lower listings) since they still get commission whether Disney takes contracts or not. I know there's probably more factors at play, since prices aren't static, individual seller's beliefs on the worth of their contract, etc, but as a buyer I was put off by some of the higher resale listings on their site. Would definitely consider them if I ever sell a contract (assuming I get one to go through ROFR)!

My guess is that the prices have been lowered because they may be noticing a trend in the length contracts are sitting due to more supply and possibly buyers going and shared that with owners.

When I listed with them it was definitely higher than I thought but was willing to try since they said most are getting 90 to 95% of asking which put more in line.

Glad I did because I got full offer in about 4 hours.

It still comes down to the seller to decide what the list price is and how quickly they want to sell.

 

[macman123]

Its all supply and demand.

The more contracts than buyers, the higher prices can be commanded.

More sellers than buyers mean the buyer can negotiate as the pool of contracts available is larger.

 

[Stargazer65]

I was wondering if there was any covid angst. Maybe not, but some people may be more reluctant to buy, or eager to sell if they think they can't travel, are afraid to travel, or just don't like the covid Disney experience.

 

[ctl]

As someone who recently sold my DVC resale property, my original asking price was based on the calculator on the resale company's website. I just went with their recommendation without researching the market too much. Within a couple days, I lowered it once because other similar listings were lower. I lowered it a second time (total of $6) and it sold couple days later. The property sold in less than two weeks. I was told to expect the property to sell between 90% and 95% of the asking price.

I believe the combination of recent price increases at WDW, the dropping of the Magical express, changes to extra magic hour benefit scheme, dropping of free magic bands to annual passholders and DVC members, uncertainty over annual pass future at WDW, and other reductions on DVC benefits, is making DVC owners seriously consider whether its worth it. I am personally seriously considering selling some of my contracts and getting out, but I can afford to wait a while and see what happens over the next year or two, to get a better price.

 

[Epcot Forever Forever]

Currently waiting on ROFR for our first DVC resale purchase and did research for about 3 to 4 weeks prior to putting in an offer. I will say the prices listed on the sponsor's website are consistently higher than listings on other sites. I saw similar contracts (resorts/points available) being upwards of $15 to $20/pt higher than listings on other sites. To a newbie like me, it makes putting in an offer or trying to negotiate from such a high inflated price that much more difficult and ultimately didn't even bother. I know it's all a balancing act between getting good value and passing ROFR and I also know some of the brokers out there won't caution buyers about ROFRs (hence some of the lower listings) since they still get commission whether Disney takes contracts or not. I know there's probably more factors at play, since prices aren't static, individual seller's beliefs on the worth of their contract, etc, but as a buyer I was put off by some of the higher resale listings on their site. Would definitely consider them if I ever sell a contract (assuming I get one to go through ROFR)!

Yeah I would suggest they’re a great site for sellers but a tough place for buyers. Since all contracts are the same, you should always just buy the cheapest contract that meets your needs from a reputable site. What helps them is that since they have half of all the listings on the market at any given time, there’s a good chance that you may see the “perfect contract” on DVCRM but have to wait for it elsewhere.

 

[CLE2WDW]

I believe the combination of recent price increases at WDW, the dropping of the Magical express, changes to extra magic hour benefit scheme, dropping of free magic bands to annual passholders and DVC members, uncertainty over annual pass future at WDW, and other reductions on DVC benefits, is making DVC owners seriously consider whether its worth it. I am personally seriously considering selling some of my contracts and getting out, but I can afford to wait a while and see what happens over the next year or two, to get a better price.

Not to mention that the borrowing restrictions still remain in place over a year later… I’m beginning to thing this is no longer a “temporary” policy. I’m noticing a lot of 100-200 point contracts on the market that may be effected by this policy.

 

[FSUSammy]

Honestly when we were putting our offer on BLT recently a lot of the ones we saw were overpriced and we even created a spreadsheet and used the calculator on one of the sites to see if even they were listing it too high and most were. Had I not seen the ROFR thread I wouldn't know any different though. I knew what people were offering and knew what was too high.

 

[TheEnforcer92]

Honestly when we were putting our offer on BLT recently a lot of the ones we saw were overpriced and we even created a spreadsheet and used the calculator on one of the sites to see if even they were listing it too high and most were. Had I not seen the ROFR thread I wouldn't know any different though. I knew what people were offering and knew what was too high.

Do you still have the spreadsheet by chance?

 

[FSUSammy]

Do you still have the spreadsheet by chance?

I don't I deleted it as soon as we passed ROFR.

 

[DL1WDW2]

Just an observation- seeing several reduction notices on our sponsor's resales site. Maybe the message is that some of the prices were too high for a resale market? What's your opinion?

Does anybody monitor the pricing close enough to consider calling this something else? Like a new sales strategy to drive business to your site? After reading this Where you compelled to just take a look at this particular site? I know I was . Not ever buying again but I still looked. I have monitored BRVs pricing because I just sold those points and the pricing doesn’t really seem to be “that out of the normal from previous listings”. Maybe but maybe not ?
I really like their business model and know they are respected .
I should probably keep my thoughts to myself…

 

[Sandisw]

Does anybody monitor the pricing close enough to consider calling this something else? Like a new sales strategy to drive business to your site? After reading this Where you compelled to just take a look at this particular site? I know I was . Not ever buying again but I still looked. I have monitored BRVs pricing because I just sold those points and the pricing doesn’t really seem to be “that out of the normal from previous listings”. Maybe but maybe not ?
I really like their business model and know they are respected .
I should probably keep my thoughts to myself…

Supply and demand and having just used them to sell, I was given guidance to determine asking price but also told its typical to sell for 90% of that. As a seller, many may go there as they seem to be getting buyers to pay higher prices.

But, you are correct that just the monitoring this site does for the brokers and what is happening with resale pricing, it does tend to get people to look at the site to see what may be available now. Ultimately, though, the seller has to agree to lower the price that is advertised, so the company only has so much say as they want to sell things for people!