Scared to death by the restrictions on resale pts thread

[crisi]

I looked at the other thread and I can't find the additional link to an even older thread...

What "scares me to death" is not as much the devaluation, as I never plan to sell it, but the fact that I would be very disappointed in having an inferior product if in fact my pts bought resale were not the same as the dvc direct pts. If that happened I'm afraid I wouldn't be able to enjoy my vacations anymore because I would be .. Bitter, for lack of a better word.

A Lot of people have suggested that I should read the actual contract with Disney to understand exactly what is legally "mine" but I won't get to see that contract as a resale buyer until I am past the point of no return, so to speak.

I appreciate all the thoughts, though. I have a few days left to contemplate. If you see another angry post in a few days about someone pulling out of a contract, you'll know who to hate!

As a resale buyer, you probably won't see it then either. We had to write DVD to get copies of contracts.

But ask your agent, they should be able to get copies of the contracts through DVD for you prior to sale.

Buy what you are contracted for - and I don't think there are many things they could remove for me as a resale owner that I'd be too disappointed by.

(I wonder how they'd handle people with multiple contracts, some resale, some direct purchase - frankly, I don't think it would happen).

On the other hand, if you are the type of person to get bitter about how you are treated, don't buy DVC at all - either resale or direct. The management company holds most of the cards and can change a lot of things that you might value without needing to justify it to you. Change the decor. Redo the pool, take away valet parking or discounts on UPHs - all that's happened while we've owned. Change the way banking works - that happened. Change the tradeout fees. Happened. Get a crummy room and get told "sorry, we won't move you." Happens - even without the sorry. Pay cash from CRO where you manage to have a few good cards in your hand - like "we can stay at the Hilton."

 

[DeeCee735]

As stated before in this thread, RCI was recently added, it used to be Interval International. This can change any time. Therefore IF Disney is considering a stop on trade outs with resale, it would have to be with any company, not just RCI, and I wonder if that would also include Disney Cruise Line, since that is considered a trade (and we are charged the $95.00 exchange fee).

Having said that, for us personally, this isn't scary at all. We bought DVC specifically for use in our home resorts, that's where we want to vacation the most. We have never traded out, except for the Disney cruise, and we only use our home resorts with the once in awhile stay at Disney's Hilton Head resort.

If that's what you intend to do, don't worry about the future possiblities, as we are all subjected to changes within the rules and regs anyway, and so much can change down the line. If you want to go to Disney every year, or every other, this is the perfect timeshare to own, enjoy it


Good luck with your decision!

 

[JimMIA]

I wouldn't care at all if DVC did eliminate all of the non-DVC options -- for resale purchasers or everyone. I bought one contract resale and one contract direct, so I'm in both camps, but the non-DVC options are not attractive to me anyway.

Non-DVC options are generally not great uses of DVC points, IMHO, and they are certainly not what I bought DVC for. To me, the non-DVC options have always been just selling points for the DVC timeshare salesmen...nothing more.

 

[Brian Noble]

What "scares me to death" is not as much the devaluation, as I never plan to sell it, but the fact that I would be very disappointed in having an inferior product if in fact my pts bought resale were not the same as the dvc direct pts. If that happened I'm afraid I wouldn't be able to enjoy my vacations anymore because I would be .. Bitter, for lack of a better word.

You know your own reactions best, but I would not cancel because of unknown, unspecified, "maybe someday" fears---if you do, you are playing directly in the hands of the sales weasels who are spreading this FUD (Fear, Uncertainty, and Doubt.)

What's more, even with the worst offenders I can think of, the value of any missing "perks" doesn't come anywhere close to making up even a modest difference in resale vs. developer pricing.

Buy points at a resort you'd enjoy visiting, and don't worry about the rest of it. Unlike some, I won't tell you that I don't think it will be applied retroactively---because even if it *is*, the core product is almost certainly still going to be there for you, because it has been retained in all of the other systems that have taken such steps as well. Anything that does get applied retroactively will almost certainly be "all sizzle, but no steak."

 

[Dean]

ITA that DVD would "grandfather" existing contracts. The whole purpose of such a change would be to encourage new sales over resales. DVD would gain nothing from adding restrictions on existing members and it is far better to "save face" with your existing members than to add restrictions that do not increase your bottom line. Now if the owner of the existing resale contract sells the contract to someone else, then those restrictions would apply to the purchaser. Just my $0.02

They likely would IF they grandfathered existing owners. I know of several systems that have not fully grandfathered existing owners along the way including Marriott and Bluegreen.

But I'd be careful about any DVC purchase. I think Disney has a strong itch to introduce differentiation into DVC. If not with retail/resale, then with a large-point-club. I hope the come to their senses and don't do it (see note above about people not wanting to feel like second class citizens in their home) but it's a real possibility to consider before buying in.

From a business standpoint it makes sense they would and likely should have from early on.

 

[rufusrex]

Sounds like a rumour to scare you from saving with a reseller. We bought from a reseller and have had no issues. When it's all said and done, they are still timeshare salesman.

 

[sweetdana]

At this point, the only thing anyone is guaranteed, direct or resale purchasers, is that we can stay at our home resort. All other variables, trading out to RCI, points for cruises, points for non-DVC resorts, even staying at non-home DVC resorts, can change in the future. If you purchase knowing you'd be statisfied staying ONLY AT YOUR HOME RESORT, than everything else is icing on the cake so to speak.


So sorry I don't know how to do the box. but in reguards to this..

I remember reading my contract, and it stated a 1 month advantage. So athough maybe they take RCI all together.. or even Dis. Cruise for resales.. (More likely would be a few months priority for direct, with limited #s This is actually an adv. They are tough to get now.) I do not believe they can legally remove all rights to trade within DVC. Only months in adv.

Some ideas, that would be legal and maybe they could instate additonal fees, like they add a per call fee with a min free of say 2 free for each 100 points, per year for resales. This would certainly assist with there renting a day or 2 here and there, and push someone direct if they wanted to rent their points out later. Maybe no 100$ of APs? Major changes though would hurt direct sales.. (due to resale value.) New Club Members maybe buy unknowing, but add ons are a good portion of there business and those would fall off ALOT. IE I might consider adding on 100 points at 112$ a points, today with resales of 90$; but if resale of that 112$ today is only 40$. I see people making due, and not going over board.

I bought resale and if changes went live, even not grandfathered, I feel I got a steal. I have saved more in the 2 years then, knowing this would have happen wouldn't of matter. I am sure some changes will happen. As that is what makes sense. There product of SSR is the same as resale but costs 30 - 40$ more.

If you feel 90% of the time you would want D W Resorts. Close it, if you think you want to trade every 3-4 years for something else, buy less points. No RCI is very possible direct or resale. Don't DVC for trades, bad move. DVC to spend 10 days at DW in a 1 -2 bedroom at 1/5th the cost (or less ) than renting a Dis. room from Disney.

 

[Sammie]

You know to me these tactics lately, that keep coming up about some of the DVC sales staff, sound like desperation to me.

If they are doing so good with sales, why the heavy handed sales pitch.

 

[Dean]

So sorry I don't know how to do the box. but in reguards to this..

I remember reading my contract, and it stated a 1 month advantage. So athough maybe they take RCI all together.. or even Dis. Cruise for resales.. (More likely would be a few months priority for direct, with limited #s This is actually an adv. They are tough to get now.) I do not believe they can legally remove all rights to trade within DVC. Only months in adv.

Some ideas, that would be legal and maybe they could instate additonal fees, like they add a per call fee with a min free of say 2 free for each 100 points, per year for resales. This would certainly assist with there renting a day or 2 here and there, and push someone direct if they wanted to rent their points out later. Maybe no 100$ of APs? Major changes though would hurt direct sales.. (due to resale value.) New Club Members maybe buy unknowing, but add ons are a good portion of there business and those would fall off ALOT. IE I might consider adding on 100 points at 112$ a points, today with resales of 90$; but if resale of that 112$ today is only 40$. I see people making due, and not going over board.

I bought resale and if changes went live, even not grandfathered, I feel I got a steal. I have saved more in the 2 years then, knowing this would have happen wouldn't of matter. I am sure some changes will happen. As that is what makes sense. There product of SSR is the same as resale but costs 30 - 40$ more.

If you feel 90% of the time you would want D W Resorts. Close it, if you think you want to trade every 3-4 years for something else, buy less points. No RCI is very possible direct or resale. Don't DVC for trades, bad move. DVC to spend 10 days at DW in a 1 -2 bedroom at 1/5th the cost (or less ) than renting a Dis. room from Disney.

The only real guarantee is participation at the home resort you own at. There is no guarantee that a given resort will remain in the club. The rules you quote are for club resorts. Obviously there are some things far less likely to occur and the removal of a given resort is certainly among the least likely events though park resorts have a lower risk than say VB & HH.

 

[JimMIA]

You know to me these tactics lately, that keep coming up about some of the DVC sales staff, sound like disperation to me.

If they are doing so good with sales, why the heavy handed sales pitch.

It's also occurred to me that these stories are popping up with regularity...sometimes by posters with only 1 or 2 posts.

As soon as one fades off the first page, another pops up. Strange. Makes you wonder what the real origin of these scare tactics threads is...

 

[Coach81]

No truth to that...buy the resale, and enjoy it!!!

 

[Brian Noble]

Makes you wonder what the real origin of these scare tactics threads is...

That is an awfully interesting question, isn't it?

(FWIW, this one doesn't feel like a shill to me.)

 

[Sammie]

It's also occurred to me that these stories are popping up with regularity...sometimes by posters with only 1 or 2 posts.

As soon as one fades off the first page, another pops up. Strange. Makes you wonder what the real origin of these scare tactics threads is...

Really did not notice that, you are a better investigator than I would be. I will start paying attention.

I might be naive but I know alot of people lurk for months until something happens that is worth sharing, so I tend to give them the benefit of the doubt.

 

[bom_noite]

Really did not notice that, you are a better investigator than I would be. I will start paying attention.

I might be naive but I know alot of people lurk for months until something happens that is worth sharing, so I tend to give them the benefit of the doubt.

Great Catch Jimbo. Past that: I love the title:

"Scared to death by the restrictions on resale pts thread"

This sounds like: "Not only am I new to the Disboards, but, I want to establish the "official" thread to provide those people who worry a safe haven where they can be comfortable fostering fear and uncertainty?"

To the OP: Hope I am wrong - we will know based on your future participation on topics I suppose.

 

[CarolAnnC]

My grandmother used to say "believe none of what you hear and half of what you see..."

That being said, with any internet board you may be subject to some unverifiable content that posters choose to post for whatever their reasons may be. We do try to keep up with factual verification when possible, but for obvious reasons cannot be responsible if unfactual content is posted by some.

It has been tossed around before about the possibility of resale contracts having limitations in the future, but nothing concrete that I have seen, only speculation.

Meanwhile, I am happily using my several resales, as well as my purchased direct point contracts!

 

[mdsd8700]

Well said by Carol. I would happily buy a resale contract at this time if the right one came along. There is no evidence to prove it would not be a good move if I were looking to add on. But that is just me.

 

[willihm]

Ouch!

I'm the original poster (I assume that is what OP stands for). I am new to the boards because we are trying to buy in to dvc for the first time. I guarantee you that I'm not a shill (although I have no idea what that is so I guess I could be lying)...

We had actually put in an offer and sent our deposit for a resale purchase but when I read on this board that the only thing I was guaranteed was to stay at my home resort, we pulled out because we had offered at a resort that was probably our least favorite because it made the most financial sense.

We had decided that we would buy into BLT direct from Disney instead, but we still haven't done it because it stretches us financially a bit more and we aren't sure we are comfortable with it.

Obviously, we are very risk averse. But we love Disney and would definitely love to be able to vacation there every year "in style" !

I'm still loitering because we can't decide what to do. It seems like the end of the fiscal year sale is a pretty good one so it seems like we should make up our mind in the next week and a half!

Somebody mentioned the title of my post looked funny. I was only trying to refer to the original thread that I had read that scared me.. I didn't know how to make a link....

I just felt like I should respond so you all would know I'm not some subversive salesperson. Trying to get people to buy direct instead of resale... Just a newbie who REALLY wants to buy in but can't figure out the right way to do it!

 

[Cap]

There are lots of things in life that are scary. Buying a Resale versus a contract direct from Disney is not very high on the scary meter to me. Reading a homeowners insurance policy in full detail scares me more.

We own four contracts, two purchased direct and two purchased resale. We've been careful to get them all in the same use year, and to have them all titled exactly the same, so have no problems using the points across contracts. Of course, we do have to observe the 11 month / 7 month reservations window, based on where we are staying.

We bought contracts at three resorts that we like and use - BWV, HH, and VB. While the other member benefits are (or were nice) the main thing is for us to get the reservations at a resort we like. Both the resales and direct purchases have worked out well for us. I would recommend resale for the lower starting cost. If you are scared about potential changes, take the difference between the resale price and the Disney price and sock it away in an investment account. If something changes down the road, use that money to offset the disappointment. I'll bet you won't have to use it and the resales will continue to have the same rights, per contract, as direct purchases.

 

[Dean]

Ouch!

I'm the original poster (I assume that is what OP stands for). I am new to the boards because we are trying to buy in to dvc for the first time. I guarantee you that I'm not a shill (although I have no idea what that is so I guess I could be lying)...

We had actually put in an offer and sent our deposit for a resale purchase but when I read on this board that the only thing I was guaranteed was to stay at my home resort, we pulled out because we had offered at a resort that was probably our least favorite because it made the most financial sense.

We had decided that we would buy into BLT direct from Disney instead, but we still haven't done it because it stretches us financially a bit more and we aren't sure we are comfortable with it.

Obviously, we are very risk averse. But we love Disney and would definitely love to be able to vacation there every year "in style" !

I'm still loitering because we can't decide what to do. It seems like the end of the fiscal year sale is a pretty good one so it seems like we should make up our mind in the next week and a half!

Somebody mentioned the title of my post looked funny. I was only trying to refer to the original thread that I had read that scared me.. I didn't know how to make a link....

I just felt like I should respond so you all would know I'm not some subversive salesperson. Trying to get people to buy direct instead of resale... Just a newbie who REALLY wants to buy in but can't figure out the right way to do it!

I took your post at face value. However, realize that it's common for guides to pass along rumors, half truths and even lies for the purpose of pushing people to retail. This is a long standing timeshare sales technique and it's often one that gets picked up by a group of sales staff. Thus hearing it from multiple people isn't as helpful as it might be in other situations. Plus the guides are often the last to know about such changes and if they do know about pending official changes and pass along the info prior to they are allowed, they will likely lose their job. Personally I won't be surprised if they do make some type of changes along these lines but I don't think for a second that what you were told is based on actual fact even if it coincidentally ends up with some truth to it.

Plus, if they did make such changes they would almost certainly grandfather existing owners and/or allow them to become an insider by buying more points. One would still end up better off overall from the resale. Also, as I mentioned previously, the things they'd likely take away might be doing you a favor anyway.

 

[calypso726]

It's also occurred to me that these stories are popping up with regularity...sometimes by posters with only 1 or 2 posts.

As soon as one fades off the first page, another pops up. Strange. Makes you wonder what the real origin of these scare tactics threads is...

I am the original poster of that other thread. My post count count may not be as high as some others but it is clear I am a regular poster here on the Dis No scare tactics from me just sharing my concerns over what I heard on the DVC member cruise. I have bought direct twice and recently a resale add-on. I know sometimes there are folks here who get wind of inside information and wanted to know if there was any truth to what I had heard. FWIW I called member services and admin a few days ago and spoke to supervisors. They said they had not heard anything like that. However, they did say they are often the last to find out about new protocols and it was possible that the sales team could know something and they did not