Post-Resale Restriction Deadline

[jcf]

Don't really see any price impact so far on the resale market...seems like it was all lot of hype on the "impending" crash in prices after the March deadline.

 

[dismagiclover]

I can only speak for my experience, but I had an offer accepted for 150 points at BWV at $48 a point. The contract has 50 banked '10 points and full points for '11 forward. And the seller is paying maintainence fees, though we are paying closing. I'm still a bit suprised we got such an incredible deal and I'm not convinced it will make it through ROFR. Our contract was listed for much higher, so I'm not sure the listed prices are reflective of what they will ultimately sell for.

 

[jcf]

I doubt that Disney will let that pass...at one time I thought you could sell back to them for approx. $55 point??

 

[rock_doctor]

Prices are lower but most people have about 3 to 6 months of memory and most will forget that those benefits were once part of the scheme. So while prices are low now they will rebound back to "normal" relatively soon. Couple the temporary damage and the bad economy, this is probably the best possible time to buy in.

 

[chalee94]

at one time I thought you could sell back to them for approx. $55 point??

that was BCV, actually. (and that was also pre-recession.)

i don't think DVC has ever bought back BWV directly.

 

[jcf]

BLT seems to be steady not lower...will see what happens when $140 price is actually the price (June?).

 

[JimMIA]

I think it's way too early to get a feel for where prices are going. Resale prices have been going steadily down for more than a year because of DVC's abandonment of ROFR. I think the 3/20 deadline probably stabilized those prices temporarily, but they will continue downward.

Come back a year from now and see what, if any, effect the change had.

The only questions in my mind are how low resale prices go, and which resorts are most affected.