Sounds Like Less Rofr

[msdis]

I talked to my guide today and she said there will be very few points from the old resorts in the future for add-ons. Several comments were made.
First the prices of the resales are too high for Disney to buy back and remarket, not cost effective. I guess we all did this to ourselves by keeping the prices up and being scared Disney would buy them back. So...........offer less as it sounds like the chances are good.
Also she eluded to the fact that the resales are not going to be as appealing since SSR now has 12 extra years on it for virtually the same price. Me, I believe in location, location location. And, how many of us will be around in 50 years. Heck some of the youngest ones here will be old in 50 years, never mind the average age of us now. Anyways, I guess from their marketing standpoint another strike against buybacks.
And as others stated it sounds like they don't want to chase people for a few points so they are commiting people to a 500.00 deposit and the guides have to check every day. Sounds like there may have been some office politics involved that resulted in a policy change. Also, maybe the fact they they were buying back all those contracts then no-one wanted the points after they said they did and they were sitting on them too long.
I strongly sensed the SSR push too but don't see the difference as a point is a point no matter where they sell. Maybe the overhead is less with the fresh points, or the commision is higher.
She made me feel like the market for the "old" resorts would not be good in the future but I find that hard to believe because each of the existing resorts bring a strong alliance of followers from each for different reasons. We buy what we want sometimes simply because it is what we want, not always because it is the best financial deal. But that affects none of us unless we want to sell. Anyways, that's all I remember.

 

[PamOKW]

Originally posted by msdis
And as others stated it sounds like they don't want to chase people for a few points so they are commiting people to a 500.00 deposit and the guides have to check every day.

I must have missed the discussion. What is the $500 deposit you are referring to?

 

[goldilocks_63]

of what my guide told me... I did an add on to BCV about 2 weeks ago, and basically he said that I better enjoy these BCV points, because that was it....

They would be exercising ROFR, and then would go first come, first serve, etc.... So if I wanted more points, the wait list would be very, very long.

Then proceeded to push SS, which I am considering...

I'll be 78 in 2042. Would you add more BCV and or OKW, or get SS? Curious.

Feel free to email me your opinions,
Goldi

goldilocks_63@yahoo.com

 

[msdis]

Yes Pam, 500.00 is for the deposit, minimum restrictions still apply.You have to leave a credit card number with your guide and when and if they get you the points, they automatically run it for $500.00. Someone else on another post sounded like if you backed out you lose your deposit but as we all know we have a time limit when they send the paperwork to back out so I don't see how this could be any different.

 

[InstImpres]

Originally posted by PamOKW
I must have missed the discussion. What is the $500 deposit you are referring to?

Pam -

they started this with BCV a few months ago and now it is everywhere. My guide made it sound like people put themselves on the point WL thinking it could take years (or put on multiple lists to see what came first). It would than be a phone tag and stall game with some members for them to ultimately say, no thank you to the points. Thus DVD had carrying costs for several months (though they could obviously rent the points if they incurred a little extra expense). Now they have supposedly done away with the lists and it's a free for all. First guide to hit a $500 deposit on a cc gets the points and the paperwork goes in the mail immediately. You still have the 15 days to return the papers and back out if you want a refund, the feeling was this just qualified serious from looking around members.

Sandy

P.S. Personally, it's going to make me go resale instead of add on

 

[jarestel]

I think until SSR sells out Disney pretty much has to be active with ROFR. Why would people want to pay $95 ( and up ) per point at SSR if they could get resales at OKW, BWV, VWL, and BCV for $65 - $75 per point, maybe less without ROFR. That's a huge difference in pricing on a contract. I'm not sure the extra 12 years justifies that much of a spread.

 

[carone0318]

I am questioning the $500 deposit. I was just speaking to my guide late last week and how the deposit was explained to me was that it was 10% of the total cost. So in my case, my deposit would be $420. I want to buy 50 pts @ $84, total cost would be $4200, hence the $420 deposit. I would double check $500 everyone keeps saying, I believe that it is 10% deposit.

 

[lat]

Originally posted by jarestel
I think until SSR sells out Disney pretty much has to be active with ROFR. Why would people want to pay $95 ( and up ) per point at SSR if they could get resales at OKW, BWV, VWL, and BCV for $65 - $75 per point, maybe less without ROFR. That's a huge difference in pricing on a contract. I'm not sure the extra 12 years justifies that much of a spread.

I agree, Disney has to support their prices. By changing the process of selling points from sold out resorts, it makes the sales guide's sales "free for all". Otherwise, for newer guides, they may not get any of these sales since they are new and their customers are at the bottom of the waitlist.

Now with the new system, anyone who is willing to deligently submit their customer's contract can eventually get something, and DVC get their points sold much quicker without waiting for people's reply down the waitlist.

If you want points for any of the sold out resorts, just make sure your guide is working hard for you and you may get it sooner than before.

 

[Stitch 03]

I think that in the right situation there is a lot of value in the extra 12 years. If you were to purchase 150 points at SSR it would cost about an extra $3,750 (150 * 95 - 70). Considering what hotel costs will probably be like in 2042 it will not take long to recover this extra cost. I figure a $300 a night hotel today will be about $550 a night in thirty years (assuming a very conservative 2% annual increase).

As a result, for those who feel they will be able to enjoy their purchase in those additional years or have children who would enjoy it, the value is definitely there. It depends on what you are looking for. Personally I will be 75 in 2042 and will have no kids, so I probably would perhaps not get the value out of the extra years.