RESALE POLICY CHANGE!

[DisDadDVC]

My broker just posted this to their FB page. Just got this from DVC within the last hour.

Translation: "Sure you can have those benefits. Unless we decide to take them away tomorrow."

 

[Coamfo]

Translation: "Sure you can have those benefits. Unless we decide to take them away tomorrow."

Exactly.

 

[sgtdisney]

Translation: "Sure you can have those benefits. Unless we decide to take them away tomorrow."

The good Lord giveth and the good Lord taketh away.... Seriously, I am happy to see that the firestorm that must have hit Disney early Monday morning make them rethink how they decided to implement this for people with contracts in flight. It was not right how it was put into place and how it was communicated at all.

Still not overly pleased with the little caste society that they are setting up, but if they are going to to it, it's so much better for them to do this going forward so the prospective resale (or direct) buyer knows exactly how things stand and can make an educated purchase decision.

 

[Lorilais_mommie]

Question...
is the option to add the dinning plan (at the cheapest rate) considered a "perk"
Technicaly it is discounted if you are traveling during non-slowing times

Hubby says its a perk.. I'm not so sure

I wish they would release a list
That A, B, and C are no longer perks for those that buy resale after 4/4

 

[drusba]

Only 2 do not connect. In the conversion they made 2 previous hotel rooms utility or storage rooms. All other rooms in the DVC buildings connect.

Both in Tokelau.

Thank you. That would seem to make the probability of getting connecting rooms if requested very high and probably not something to be overly concerned about not getting if requested. I still wish though they would just make it a guaranteed room request. With my luck at times if I requested connecting rooms, I would probably get the utility and storage room.

 

[CMNJ]

Question...
is the option to add the dinning plan (at the cheapest rate) considered a "perk"
Technicaly it is discounted if you are traveling during non-slowing times

Hubby says its a perk.. I'm not so sure

I wish they would release a list
That A, B, and C are no longer perks for those that buy resale after 4/4

I'm confused-does Disney charge different amounts for different tiMe periods for the dining plan? I thought it was a set price until they decide to raise it permanently. DVC has gotten a "discount" in the past when they raised it in the middle of the year since the rate for the year for DVC had already been set.

 

[bwvBound]

hmmmm - there COULD be a bit of a hole.

First - we HAVE all the DVC points we want. And we bought them RIGHT through Disney (no dog in this fight) .

Now - please - shoot a hole in the following scenario:
1) Ralph & Susan buy a MINIMAL number of DVC points at Saratoga Springs - RIGHT from Disney. They are now "real" DVC owners.
2) Next week, Ralph and Susan buy a bucketload of points on the resale market for the Resort they actually LIKE.

The problem: Every so often? Disney HAS to give Ralph & Susan a valid, full tilt "I bought from Disney" DVC Membership card.

I guess (it's a guess) that DVC is going to get into a real MESS with banking/borrowing/transferring points. The only choice LOOKS like an Animal Farm approach.....
"Some Points are more equal than others" . It's all I can come up with - just seems like we MUST see "Point Categories" in the near future.

Then next logical step are tiered benefits based on quantity of qualified points. So Ralph & Susan will received, by virtue of their minimal SSR direct purchase, the baseline member benefits. Their SSR points will also count towards Disney Collection reservations, Member Cruise, etc. However, I fully expect that next-gen benefits will require more than the minimum purchase of qualifying points.

 

[hayesdvc]

I just want to report it can be done. Even though I continue to wait and wait for my new membership cards to be received in the mail, if a letter is mailed from Disney on the 4th of April, it can be delivered to me three days later. I received Mr. Potrock's letter today.

 

[Coamfo]

I just want to report it can be done. Even though I continue to wait and wait for my new membership cards to be received in the mail, if a letter is mailed from Disney on the 4th of April, it can be delivered to me three days later. I received Mr. Potrock's letter today.

Our deed was recorded 2/1 and I still don't have membership cards either.

 

[malba2366]

I'm confused-does Disney charge different amounts for different tiMe periods for the dining plan? I thought it was a set price until they decide to raise it permanently. DVC has gotten a "discount" in the past when they raised it in the middle of the year since the rate for the year for DVC had already been set.

I don't think they would take away the meal plans as Disney ends up making more money because people would never eat that much in the parks without it. It is not a real significant savings anyways unless you are consistently ordering the most expensive things that are available under the plan.

 

[skier_pete]

Well, i'm glad that they seem to be fixing the wrong of screwing those with purchases already in. I will say this yet again - they really don't care one way or the other about those few hundred customers, so it makes sense for them to do it. This is all about a sales pitch, folks - and giving the folks already in the process the rights to these materials doesn't affect what Disney gets out of it.

 

[skier_pete]

I'm confused-does Disney charge different amounts for different tiMe periods for the dining plan?

They haven't yet staged the DDP prices, but they DO change the restaurant prices to be more expensive during the holidays - even at the QS restaurants.

Now whether the DDP is a "value" anymore is a debate for another thread.

 

[drusba]

I'm confused-does Disney charge different amounts for different tiMe periods for the dining plan? I thought it was a set price until they decide to raise it permanently. DVC has gotten a "discount" in the past when they raised it in the middle of the year since the rate for the year for DVC had already been set.

My understanding is that Disney changed to having different prices for high season some time ago but the DVC structure keeps the same price year round.

I am not sure I would call what DVC gets a discount in that situation but the dining plan is a perk. However, whether it is something covered by the new exclusions is unknown at this point. DVD has not actually provided a list of things covered but instead keeps spouting generalizations that may or may not include something like the dining plan. If, as some have mentioned, the difference is going to be determined by new resale purchasers not getting the same member card as prior members and those who purchase from Disney, then possibly the dining plan is still there because it requires no member card verification to puchase before going or to use it at the restaurant, and in the past even renters from DVC members could get it.

 

[MouseOfCards]

I actually think they will. They'll spin it to make it seem like they're "going above and beyond" or something like that, but they'll do it. It's a typical corporate strategy. Take a way EVERYTHING, then give back a peanut and show how generous you are. Happens all the time.

Wow. You were right all along!

So what are your stock tips for the day?

 

[sdlinst]

I was just informed by my broker (via email) that DVC has reverted to their original statement on grandfathering those already in the process of closing on a contract.


From my broker

At close of business today(4/7/16), we were informed by Disney that they changed their position back to the original statement – that any resale purchase agreement submitted to Disney on or before 4/3/2016 would not be affected by the new resale restrictions to Incidental Benefits announced on 4/4/2016 but will be grandfathered in by Disney.

Portion of the letter from Disney that was sent to my broker!

Dear Sir or Madam;


As you are aware, on April 4, 2016, we announced the following important change to our incidental benefits policy: New purchasers of Disney Vacation Club® ownership interests not purchased directly from Disney Vacation Development, Inc. will not have access to Membership Extras, including Member discounts on dining, shopping, Member-exclusive events, and certain special Membership offers, as well as Disney and Concierge Collection options, already restricted for secondary market purchasers as of March 21, 2011.

This note is to inform you that anyone with a contract that was received by Disney Vacation Club by the end of the day on April 3, will be grandfathered in to have the same access to Membership Extras that are available to others who have purchased DVC memberships from sources other than Disney since March 21, 2011. (Note: Those members who purchased from sources other than DVC after March 21, 2011 may not use their points for the “Disney Collection” (select Disney Resort Hotels, Disney Cruise Line and Adventures by Disney) and the “Concierge Collection” resorts. As a reminder, the Membership Extras are incidental benefits offered by DVC and are subject to change.)

 

[LisaS]

This note is to inform you that anyone with a contract that was received by Disney Vacation Club by the end of the day on April 3, will be grandfathered in to have the same access to Membership Extras that are available to others who have purchased DVC memberships from sources other than Disney since March 21, 2011.

So if someone's contract was submitted for ROFR and received by Disney by April 3, the buyers are grandfathered. If a buyer signed and submitted their contract to a broker by April 3 but it was not sent for ROFR/received by Disney by that date they are excluded. It's a step in the right direction but I suspect that still leaves out some of the people posting here. I hoped they would include any buyer who submitted a signed contract to their broker by April 3.

 

[northshoremama]

My broker just posted this to their FB page. Just got this from DVC within the last hour.

I was just informed by my broker (via email) that DVC has reverted to their original statement on grandfathering those already in the process of closing on a contract.


From my broker

At close of business today(4/7/16), we were informed by Disney that they changed their position back to the original statement – that any resale purchase agreement submitted to Disney on or before 4/3/2016 would not be affected by the new resale restrictions to Incidental Benefits announced on 4/4/2016 but will be grandfathered in by Disney.

Portion of the letter from Disney that was sent to my broker!

Dear Sir or Madam;


As you are aware, on April 4, 2016, we announced the following important change to our incidental benefits policy: New purchasers of Disney Vacation Club® ownership interests not purchased directly from Disney Vacation Development, Inc. will not have access to Membership Extras, including Member discounts on dining, shopping, Member-exclusive events, and certain special Membership offers, as well as Disney and Concierge Collection options, already restricted for secondary market purchasers as of March 21, 2011.

This note is to inform you that anyone with a contract that was received by Disney Vacation Club by the end of the day on April 3, will be grandfathered in to have the same access to Membership Extras that are available to others who have purchased DVC memberships from sources other than Disney since March 21, 2011. (Note: Those members who purchased from sources other than DVC after March 21, 2011 may not use their points for the “Disney Collection” (select Disney Resort Hotels, Disney Cruise Line and Adventures by Disney) and the “Concierge Collection” resorts. As a reminder, the Membership Extras are incidental benefits offered by DVC and are subject to change.)

So if someone's contract was submitted for ROFR and received by Disney by April 3, the buyers are grandfathered. If a buyer signed and submitted their contract to a broker by April 3 but it was not sent for ROFR/received by Disney by that date they are excluded. It's a step in the right direction but I suspect that still leaves out some of the people posting here. I hoped they would include any buyer who submitted a signed contract to their broker by April 3.

I got the same exact email from my broker as well....who knows...so back-n-forth! I'm getting confused!!!

 

[hayesdvc]

Outside of the possibility of negative press regarding the Happiest Place on Earth, why do you think Disney reversed their position of what is going to be defined as "grandfathered"?

I received "the" email in earlier this evening from the TSS explaining the Mouse's change of heart. I have a purchase that is waiting on estoppel. I assume TSS sent this to all buyers of open contracts as this was just an add on for me.

 

[southerngirl528]

Outside of the possibility of negative press regarding the Happiest Place on Earth, why do you think Disney reversed their position of what is going to be defined as "grandfathered"?

Personally, I think it had little to do with all the furor and more to do with their error on the first release of the new rules that had to be corrected the next day. It just seems to me it was the right thing to do to include those resale buyers whose contracts DVC had received.

 

[drusba]

Do not assume Disney is having any kind of change of heart by going back to granfathering contracts it received for ROFR before April 4. Though I was not there I can image the situation: numerous complaints were made by brokers and others, but Potrock is steadfast in holding the line. Then someone in the room suggested he call the lawyers. He calls the lawyers and one of them with a brain says, "Look Ken, once you received the contract for ROFR, DVD was required to make a decison as to exercise it or not based only on the contract and its terms that were submitted. Then the announcement is made for the incidental benefits change. That change could be construed by a court to be an improper attempt by Disney to add a term to the contract after it was submitted for ROFR that did not exist when it was received for ROFR. You could be walking into a hornet's nest of lawsuits directly against Disney for wrongful exercise or wrongful refusal to execise ROFR based on that term DVD added to the contract, possibly brought in the same lawsuits where the buyer is trying to void the contract with the seller for mutual mistake. And once in those lawsuits you are going to get a document request that you won't be able to avoid requiring you to produce every internal document, email, voicemail, and text messages the company has which relates in any way to the change being made, all of which documents, after being produced, will be publically available to the world." And of course Ken finally comes to his senses and reverses on the already submitted contract issue, but he won't go an inch further than that.