Projected BLT sales completion

[MrDVC]

I toured the model rooms yesterday. During the tour, I asked my guide how soon he thought the founding families would sell out. He said there are enough "presales" committed as of my tour yesterday afternoon to complete the founders list.

So my next question is how long did he belive it would take for BLT to be sold out completely. Now, I'm expecting to hear about a year. His response? A couple of months. WOW!!!!

 

[CNMooner]

I toured the model rooms yesterday. During the tour, I asked my guide how soon he thought the founding families would sell out. He said there are enough "presales" committed as of my tour yesterday afternoon to complete the founders list.

So my next question is how long did he belive it would take for BLT to be sold out completely. Now, I'm expecting to hear about a year. His response? A couple of months. WOW!!!!

MMMM-- I think that's pretty optimistic. I think it took a few years for BCV to sell out, no? And VCR has a lot of competition (SSR THV, AKV, GCV) and the economy is in panic mode right now. Remember that people are not refinancing their homes anymore-- lots of people just don't have access to tens of thousands of dollars in cash anymore like they have for the last 5+ years.

Not that I think it's going to be a hard sell or anything even in this economy-- I just don't see it selling out in a couple of months.

From a personal perspective-- we are prime candidates to add on at VCR. Young family, both of us work, already own at SSR, we actually could use more points. But we're holding off because now just isn't the best time to make a purchase like this.

 

[DVC Mike]

So my next question is how long did he belive it would take for BLT to be sold out completely. Now, I'm expecting to hear about a year. His response? A couple of months. WOW!!!!

While I do think BLT will be a fast seller, I don't believe it will sell out in "a couple of months".

 

[RobDoc]

MMMM-- I think that's pretty optimistic. I think it took a few years for BCV to sell out, no? And VCR has a lot of competition (SSR THV, AKV, GCV) and the economy is in panic mode right now. Remember that people are not refinancing their homes anymore-- lots of people just don't have access to tens of thousands of dollars in cash anymore like they have for the last 5+ years.

Not that I think it's going to be a hard sell or anything even in this economy-- I just don't see it selling out in a couple of months.

From a personal perspective-- we are prime candidates to add on at VCR. Young family, both of us work, already own at SSR, we actually could use more points. But we're holding off because now just isn't the best time to make a purchase like this.

BCV began sales on February 3, 2002 and sold out in summer 2003 - about 18 months. During that time, it was the only resort being sold since VWL sales ended just before BCV sales began and then SSR pre-sales began on August 4, 2003. BCV is also a smaller resort than BLT.

BLT will be selling while AKV is in active sales and SSR sales will reopne soon for the THV addition. GCV is also expected to begin sales soon - although that will likely sell out quickly too.

I think BLT will sell out quickly, but it won't likely be in the next few months.

 

[bookwormde]

That is just salesman silliness (sorry but I can not use the title Guide to describe someone who says that). 7 million points are a lot of points to sell, not to mention that there are close to that many available or soon to be available at the other resorts, for a total of close to $1.5 billion in total gross sales. It is real easy to tell, just watch the rate at which rooms are declared. I have not been able to find the link to how many were initially declared, but it was not very many. In rough numbers it is about 20,000 pts per 2br equivalent, assuming they use all UYs.


bookwormde

 

[Disney Spaz]

We must have the same guide because I talked to mine on Friday and said we were considering BLT but would make a decision in Jan when we were there. He told me he expected BLT to be sold out by then. I just had to chuckle. I am sorry but no developer points and no points until December 2009 I don't really feel the pressure to buy in. Add one or both of those and maybe I will feel the pressure but I am having a hard time giving up money that I won't see any return on for at least a year. JMHO

 

[lowepg]

Our guide has been around for a while, she said they felt it would sell VERY briskly- but that would still be more like 12 months.

 

[Gowahoowa]

Our guide has been around for a while, she said they felt it would sell VERY briskly- but that would still be more like 12 months.

Our guide pretty much said the same thing- about a year or so.

 

[MrsNick]

Am I the only one who wonders if any of the guides who expect BLT to sell out quickly (in 3 - 12 months) ever watch the news or read a newspaper? The economy is in the toilet. Ben Bernanke and Hank Paulson had a private meeting with members of Congress on Thursday night where the gist of what they said (to paraphrase one of the Senators who was present) was that the U.S. financial system and economy were within a few days of a complete meltdown unless drastic measure were taken. So they took some measures, and the disaster was averted, but things are still pretty grim.

I predicted that sales would start off very well, and then dwindle as the initial burst of people who were excited about the project all completed their buy-in or add-on. I do believe there are still people who will buy (and who have the means to buy), but I really don't believe that it will be in the same numbers as in the past several years.

I still think this is what will happen. JMO.

 

[MrDVC]

I certainly don't want to get political here, but...

You can't get out of a recession by holding your money. That only makes things worse. Every dollar you spend, is a dollar of income for someone else. If you don't spend it, no one will earn it.

What has driven the economy so bad was the idiotic adjustable rate mortgages. Whoever invented them should be shot. Don't blame the oil companies. While true, oil has put pressure on prices, the ARMs have allowed so many people to get into way too much of a house for their incomes and when their payments ballooned because of the adjustments....

Also, it should be noted that while the economy has slowed, not everyone is effected. Middle-class America and higher are still thriving. They are still going on vacation and they are still buying homes and new cars. These are for the most part, the people who go to Disney. While Disney's numbers will be down some, they will continue to thrive, escpecially in the department of DVC.

 

[liznboys]

Wow, that would be pretty wild if that happened.

 

[moredisneyplease]

I think if it were the only resort selling out there then maybe yes but as of now AKLV are being sold, VGC will be up and selling soon, possibilities of more SSR points to be sold..........I can't image BLT would go that quickly. I think its salesman talk!

 

[TenThousandVolts]

That is what they call: "Creating a sense of urgency." I think it would be ambitious to try selling out in a year, much less a few months.

 

[HayGan]

Personally, I never believe a salesperson when they say that something is going to sell out rapidly. Of course that is what they are going to say, they want you to feel a sense of urgency to buy today. If they tell you that there are going to be points 2 years from now, what is your incentive to buy To be honest, I really doubt that the presales are even close to reaching the limit of founding members.

There are still plenty of AKV points left and with BLT coming on, I really do not see a sell out of either anytime in the near future (especially in this economy!) Of course, that is just my two cents

 

[XGrumpy1]

Isn't this what timeshare salesmen are famous for "you gotta buy today"

 

[mr. figment]

I heard that BLT will sell faster than the Brooklyn Bridge did! Good thing I got in early on that deal.

 

[ilovecoasters]

I toured the model rooms yesterday. During the tour, I asked my guide how soon he thought the founding families would sell out. He said there are enough "presales" committed as of my tour yesterday afternoon to complete the founders list.

So my next question is how long did he belive it would take for BLT to be sold out completely. Now, I'm expecting to hear about a year. His response? A couple of months. WOW!!!!

We went on the tour today. The guide said they are pretty optimistic that it will be sold out well before it even opens.

 

[jaurban]

Well before it opens is still a year away. I will probably wait until February, when we know whether we will get a bonus.

 

[las3888]

I certainly don't want to get political here, but...

You can't get out of a recession by holding your money. That only makes things worse. Every dollar you spend, is a dollar of income for someone else. If you don't spend it, no one will earn it.

What has driven the economy so bad was the idiotic adjustable rate mortgages. Whoever invented them should be shot. Don't blame the oil companies. While true, oil has put pressure on prices, the ARMs have allowed so many people to get into way too much of a house for their incomes and when their payments ballooned because of the adjustments....

Also, it should be noted that while the economy has slowed, not everyone is effected. Middle-class America and higher are still thriving. They are still going on vacation and they are still buying homes and new cars. These are for the most part, the people who go to Disney. While Disney's numbers will be down some, they will continue to thrive, escpecially in the department of DVC.

I tend to agree with you...plus I don't think the economy is as bad as the media would like you to think...I do think that there are people who are out there who feel like if there is a will, there is a way. BLT (or a monorail DVC resort) has been a dream for many and it's now time to make that reality! I myself can't wait to go!!!!

 

[MrDVC]

That is what they call: "Creating a sense of urgency." I think it would be ambitious to try selling out in a year, much less a few months.

Personally, I never believe a salesperson when they say that something is going to sell out rapidly. Of course that is what they are going to say, they want you to feel a sense of urgency to buy today. If they tell you that there are going to be points 2 years from now, what is your incentive to buy To be honest, I really doubt that the presales are even close to reaching the limit of founding members.

Isn't this what timeshare salesmen are famous for "you gotta buy today"

I posted in other threads, but I should have said so in this thread.

I called my guide, who has been a guide with DVC for over 10 years, Tuesday morning to do our add-on. I flew in to view the model rooms Saturday morning.

I realize that sales people will attempt to create a sense of urgency, but in this case, he already had the sale completed 4 days in advance of my questions.

This was just casual conversation between myself and my guide.