Sold Out Resort Availability & UY Changes

[PolyRob]

How has the change with UY been affecting sold out resort point availability?

I recently called my guide for VGF points and my mouth basically dropped open when he said he had them available for purchase immediately. I pushed further about UY and it was only for February, March, April, or June so nothing with 2018 UY points. I want October so the points he had did not work and I am on a waitlist.

I feel my guide has been transparent and he even told me to "expect the unexpected." Points could come through tomorrow, or in a few months. He didn't try to push me onto a different UY or resort. He knows what I want.

I have been obsessing over this and asked him questions numerous times. I am thinking that since the UY can now be changed, if DVC got any contracts back with August, September, October, or December UYs that weren't stripped of 2018 points that they could be adjusted for me. I was also thinking that if those points that were available right now were still available on 10/1/19 (highly doubt they will still be there, but just for the example) that they could be sold to me because they only have 2019 UY points. Am I thinking correctly?

 

[zavandor]

DVD can change the UY associated with points as they please now. They are not seelling you an October UY because they don't want to give you 2018 points or because the contract is stripped and they don't have to points available to top it up (unlikely). I wouldn't count on being called back before 10/1, after that points will magically appear.

 

[Madame]

If you look at the ROFR thread, they’ve been purchasing stripped & fully stripped contracts for quite a while now. They don’t want to give you 2018 points on a sold out resort.

 

[PolyRob]

DVD can change the UY associated with points as they please now. They are not seelling you an October UY because they don't want to give you 2018 points or because the contract is stripped and they don't have to points available to top it up (unlikely). I wouldn't count on being called back before 10/1, after that points will magically appear.

Well he claimed it was because they didn't have the 2018 UY points right now. I know guides are salespeople, but I would hope he would like to make a ~$20,000 sale if he actually had the points sitting there doing nothing.

If you look at the ROFR thread, they’ve been purchasing stripped & fully stripped contracts for quite a while now. They don’t want to give you 2018 points on a sold out resort.

I have been browsing and saw contracts passing with 2018 points and being taken with 0 2018 and even 0 2019 points. I can see why Disney would financially want to resell these. It gets them cheaper because people are paying less for stripped contracts and then it can resell them at a premium for a sold out resort price.

 

[PolyRob]

I have also been looking at the resale market and there aren't many new VGF contracts out there with enough 2018 points right now so I think I just have to sit tight. I am not sure if I should follow-up with my guide periodically or just wait for him to call. I don't want to annoy him, but I am serious about the purchase and want to complete the sale before the next round of restrictions and price increases.

 

[jerseyduke]

When DVC sells you points, they sell you a portion of a residential unit.
In the past, if you wanted 200 points at VGF with an Aug UY, they needed to have 200 points in the same RU with an august UY. With the new rules, they only need to have 200 points in the same RU. They can switch the UY if they need to. So it should be easier to fill requests.

Fully stripped contracts are a way for DVC to maintain their 2% ownership requirement and sell points they have.

 

[CarolMN]

When DVC sells you points, they sell you a portion of a residential unit.
In the past, if you wanted 200 points at VGF with an Aug UY, they needed to have 200 points in the same RU with an august UY. With the new rules, they only need to have 200 points in the same RU. They can switch the UY if they need to. So it should be easier to fill requests.

Fully stripped contracts are a way for DVC to maintain their 2% ownership requirement and sell points they have.

Agree. I also think unit number is an important factor in their ROFR decision, which is one of the reasons we have a hard time figuring out a pattern or price floor.

 

[jerseyduke]

Agree. I also think unit number is an important factor in their ROFR decision, which is one of the reasons we have a hard time figuring out a pattern or price floor.

RU is a huge factor in the ROFR process. If the have 100 points avail in every RU and need to fill a 200 point contract, they cant.

2 identical contracts canget sent to ROFR, and if Disney needs the points in a certain RU, they are going to ROFR that one, even if it is a few dollars per point more, letting the cheaper one thru.
(and this confuses people), one getting thu at 100 per point then one at 105 being taken.

 

[PolyRob]

When DVC sells you points, they sell you a portion of a residential unit.
In the past, if you wanted 200 points at VGF with an Aug UY, they needed to have 200 points in the same RU with an august UY. With the new rules, they only need to have 200 points in the same RU. They can switch the UY if they need to. So it should be easier to fill requests.

Fully stripped contracts are a way for DVC to maintain their 2% ownership requirement and sell points they have.

Thank you! I am really hoping I can get something no later than the first week of October. Obviously 2018 UY points would be nice, but I won't be kicking and screaming as long as I get the resort and UY I want. I don't want to annoy him, but I will follow-up with my guide periodically just to check-in. I could also ask about the minimum 75 point contract to see if it makes it easier within the RU.

Agree. I also think unit number is an important factor in their ROFR decision, which is one of the reasons we have a hard time figuring out a pattern or price floor.

It does seem all over the place looking at that thread. This helps me understand why!

 

[PolyRob]

RU is a huge factor in the ROFR process. If the have 100 points avail in every RU and need to fill a 200 point contract, they cant.

2 identical contracts get get sent to ROFR, and if Disney needs the points in a certain ROFR, they are going to ROFR that one, even if it is a few dollars per point more, letting the cheaper one thru.
(and this confuses people), one getting thu at 100 per point then one at 105 being taken.

This definitely helps me understand the process. There is a huge VGF contract out there that could easily cover the points I am looking for if someone made an offer

Would a guide ever tell the buyer that they could do 2, 100 point contracts with separate closing costs, or would that never come up unless the buyer specifically asked? I do think my guide is transparent, but I want to ensure I am asking all the right things to get what I want/need.

 

[crvetter]

This definitely helps me understand the process. There is a huge VGF contract out there that could easily cover the points I am looking for if someone made an offer

Would a guide ever tell the buyer that they could do 2, 100 point contracts with separate closing costs, or would that never come up unless the buyer specifically asked? I do think my guide is transparent, but I want to ensure I am asking all the right things to get what I want/need.

I'd ask the question about multiple smaller contracts. I know some people have reported being offered that when asking for points, unprompted, based on reports on the DIS. Though I think asking would get you the most movement.

 

[PolyRob]

I'd ask the question about multiple smaller contracts. I know some people have reported being offered that when asking for points, unprompted, based on reports on the DIS. Though I think asking would get you the most movement.

Thank you! The initial direct contract I want isn't too big, but I would take a 75 + 50 or 75 + 75 if it made it easier to get. I will follow-up with him today. 3 calls in 1 week. I wonder if he can tell I am serious about buying

 

[crvetter]

Thank you! The initial direct contract I want isn't too big, but I would take a 75 + 50 or 75 + 75 if it made it easier to get. I will follow-up with him today. 3 calls in 1 week. I wonder if he can tell I am serious about buying

Smaller contracts, especially at VGF, will sell very quick and at a slight premium so not too bad of a trade off for having to pay the doc prep fee twice.

 

[PolyRob]

Smaller contracts, especially at VGF, will sell very quick and at a slight premium so not too bad of a trade off for having to pay the doc prep fee twice.

Thanks, that is what I was hoping! When I found out the closing price compared to the contract price and dues, it really wasn't all that much. Obviously saving money is nice, but you do what you have to do.

 

[jerseyduke]

Thanks, that is what I was hoping! When I found out the closing price compared to the contract price and dues, it really wasn't all that much. Obviously saving money is nice, but you do what you have to do.

@crvetter is right about the premium on the smaller contracts - worth it for that alone
It also makes it easier to downsize if you ever want to - as you can sell off 25 or 50 points.

If I were to uy direct again it would be a series of 25 or 50 pointers to total the amount I want (unless of course I bought a fixed week). I bought 1 150 pointer at VGF.....wish i had went with 3 50s instead

 

[KAT4DISNEY]

With it easily being an $85/pt difference between resale and direct at VGF it still has got to depend on a lot how many points you're purchasing. To just split to smaller contracts? On 100 points that's around a $8500 difference! You could purchase a 150 pt contract for the similar price of getting 100 points direct. I'd even consider a different UY for that type of difference.

 

[PolyRob]

Smaller contracts, especially at VGF, will sell very quick and at a slight premium so not too bad of a trade off for having to pay the doc prep fee twice.

@crvetter is right about the premium on the smaller contracts - worth it for that alone
It also makes it easier to downsize if you ever want to - as you can sell off 25 or 50 points.

If I were to uy direct again it would be a series of 25 or 50 pointers to total the amount I want (unless of course I bought a fixed week). I bought 1 150 pointer at VGF.....wish i had went with 3 50s instead

Thanks! I just got off the phone with my guide. He said not to worry, if any amount comes in that fulfills part of my full request, he will call me and offer them and I can always wait for more to get my desired amount. Now I sit and continue to wait...

I do like the option of having multiple small contracts for that reason. I guess there would be no issue if the full amount did come through and I asked him to split them up into two contracts rather than one.

 

[PolyRob]

With it easily being an $85/pt difference between resale and direct at VGF it still has got to depend on a lot how many points you're purchasing. To just split to smaller contracts? On 100 points that's around a $8500 difference! You could purchase a 150 pt contract for the similar price of getting 100 points direct. I'd even consider a different UY for that type of difference.

I know, the $245 price is pretty outrageous. I want to spread it all across a few cards and cash out the points to recoup some of the difference. I didn't want to buy too much direct, just enough to get in with the current 75 point restriction and to stay in a 1-bedroom for a few nights in Dec.