Sold out resort

[hudakjr]

Sorry if this has been discussed but what does a sold out resort mean? Or How many points are actually sold to be sold out based on what it actually takes to use rent the entire resort for entire year? Is a sold out resort 100% of the points needed to rent all the rooms for the resort for the entire year? For example, if every point is sold and there happens to be one day open in the resort during the year, does that mean that someone won’t be able to use their points at that resort b/c a day wasn’t used earlier in the year?

 

[nuhusky123]

A sold out resort means that the resort has Sold via initial sales all available points.

take gfv, 2,000,000 new points are going to be issued. These points are tied directly to the 200 new rooms being created

when these 2,000,000 points are sold gfv will no longer be active and become sold out

from time to time dvc will rofr some resale points and have points they can sell at a sold out rate.

whether or not the resort is sold out has no bearing on room availability to reserve. They are completely separate issues

 

[Epcot Forever Forever]

Sorry if this has been discussed but what does a sold out resort mean? Or How many points are actually sold to be sold out based on what it actually takes to use rent the entire resort for entire year? Is a sold out resort 100% of the points needed to rent all the rooms for the resort for the entire year? For example, if every point is sold and there happens to be one day open in the resort during the year, does that mean that someone won’t be able to use their points at that resort b/c a day wasn’t used earlier in the year?

Disney for the last few resorts has raised the price of a resort significantly around ~94% sold and stopped offering incentives around ~97% sold. Those two occasions are when we start calling a resort sold out.

Technically it’s illegal for Disney to sell more than 98% of the points.

 

[Sandisw]

Right now, both RIV and AUL are in active sales...that means that less than 98% of the resort has been sold. By law, DVD must keep at least 2% of the resort and can not sell to others. When VGF goes on sale, that will bring 3 into active sales...meaning VGF will go from being a sold out resort.

All other properties are no longer in active sales status and points sold for those properties are from points DVD has acquired back from foreclosures, and ROFR.

In terms of availability, it is first come first serve, so depending on travel, there could be times someone can't use their points for the exact days they want. So, technically, could an owner get stuck with not being able to use points because nothing is left for the year when they go to book? Yes.

 

[NeutralNovice]

Right now, both RIV and AUL are in active sales...that means that less than 98% of the resort has been sold. By law, DVD must keep at least 2% of the resort and can not sell to others. When VGF goes on sale, that will bring 3 into active sales...meaning VGF will go from being a sold out resort.

All other properties are no longer in active sales status and points sold for those properties are from points DVD has acquired back from foreclosures, and ROFR.

In terms of availability, it is first come first serve, so depending on travel, there could be times someone can't use their points for the exact days they want. So, technically, could an owner get stuck with not being able to use points because nothing is left for the year when they go to book? Yes.

Wow I didn't realize just how much logistics and legal hurdles there are operating timeshares. It's kind of hard to wrap my head around!

TY for your insight. I'm probably going to go dive into a rabbits hole, learning about it all though I think I already have lol. My lofe for the past two or so weeks have been work, food, and DVC!

 

[BamaGuy44]

Wow I didn't realize just how much logistics and legal hurdles there are operating timeshares. It's kind of hard to wrap my head around!

TY for your insight. I'm probably going to go dive into a rabbits hole, learning about it all though I think I already have lol. My lofe for the past two or so weeks have been work, food, and DVC!

Time shares are highly regulated, which is good because of all the shady dealings they've been associated with over the years. Be prepared when you mention you're a DVC owner, some people will silently (or not silently) judge you or pity you, thinking you've been duped and ripped off That's the kind of reputation time shares have sadly.

 

[Wendysofftoneverland]

Right now, both RIV and AUL are in active sales...that means that less than 98% of the resort has been sold. By law, DVD must keep at least 2% of the resort and can not sell to others. When VGF goes on sale, that will bring 3 into active sales...meaning VGF will go from being a sold out resort.

All other properties are no longer in active sales status and points sold for those properties are from points DVD has acquired back from foreclosures, and ROFR.

In terms of availability, it is first come first serve, so depending on travel, there could be times someone can't use their points for the exact days they want. So, technically, could an owner get stuck with not being able to use points because nothing is left for the year when they go to book? Yes.

Out of curiosity, when did Copper Creek sell out? I remember it was still in active sales when we took a tour January 2020.

 

[Sandisw]

Out of curiosity, when did Copper Creek sell out? I remember it was still in active sales when we took a tour January 2020.

Sometime last year…

 

[Epcot Forever Forever]

I believe Copper Creek was included in the first 2 incentives after sales restarted summer/fall 2020

 

[Epcot Forever Forever]

Sometime last year…

2 years ago now!