Why might Disney be taking back SSR contracts now?

[Duckbug.Ducktales]

We have direct points at RVA but wanted some SSR points to be our sleep around points for long weekend getaways, driving down from NC. So we just had an offer accepted for 160 points at SSR. Our UY seems to be hard to come by so we're hoping this works out and we went with the asking price of $95 pp. But I'm nervous that Disney will take it back; looking at the ROFR thread it seems that they have been taking a lot of SSR contracts lately. Why might they be interested in SSR in particular? Are folks buying SSR direct a lot all of a sudden?

 

[The Jackal]

Well some people need more points, so they turn to DVC for them. If they have none, they can get some with ROFR. They could easily buy lots of points this way, but they would rather sell points from new resorts. Disney could easily make $100 per point buy buying back Poly and reselling it. They really don't. Some people will add 100 points to get benefits. Some just need a small amount due to point reallocations. Rumor had it hasn't DVC was all sold out of points for a few resorts, so they have to buy some back.

 

[we"reofftoneverland]

We have direct points at RVA but wanted some SSR points to be our sleep around points for long weekend getaways, driving down from NC. So we just had an offer accepted for 160 points at SSR. Our UY seems to be hard to come by so we're hoping this works out and we went with the asking price of $95 pp. But I'm nervous that Disney will take it back; looking at the ROFR thread it seems that they have been taking a lot of SSR contracts lately. Why might they be interested in SSR in particular? Are folks buying SSR direct a lot all of a sudden?

Because it is one of the least expensive direct contracts to buy. So anyone buying just for the blue card will look seriously at SSR.

 

[poofyo101]

Also they had not bought it back for several months prior to covid so they were due.

 

[Duckbug.Ducktales]

Also they had not bought it back for several months prior to covid so they were due.

Hm, so it could be they were just replenishing their stock of points. That's useful to know, I guess I'll just hope they're done and they'll let my contract go through!

 

[poofyo101]

IF you see the ROFR buy back there are some trends in terms of which resorts they have some slight focus on. IF the price is too low they will buy it no matter the resort unless it is still currently selling.

 

[RoseGold]

Disney sold almost as much OKW+SSR direct as CCV last month. There is demand at the lower price point. ROFR must roll on.

 

[Doberge]

The cheaper prices will be super attractive to buyers in the crunch leading up to 125 min direct increase. They probably know they need to increase stock of SSR and OKW to satisfy that demand push. While they'd rather sell other resorts they can't pass up easy money.

 

[Duckbug.Ducktales]

Ah, well thanks all for helping me make sense of it

 

[SL6827]

Direct SSR- cheaper than Riviera, and if sold can be used at all the DVC-1 properties
Direct Riviera- higher in price and if sold can only be used at Riviera

Makes sense to me.

 

[fgaini]

I would also consider direct for SSR. No wonder that Disney is exercising ROFR on contracts below 100 USD.
They are also trying to put a floor on all DVC contract in Orlando

 

[we"reofftoneverland]

Direct SSR- cheaper than Riviera, and if sold can be used at all the DVC-1 properties
Direct Riviera- higher in price and if sold can only be used at Riviera

Makes sense to me.

Direct SSR (like any direct purchase) can be used at dvc 1, riviera, and all future properties (plus dcl, concierge collection etc).

 

[SL6827]

Direct SSR (like any direct purchase) can be used at dvc 1, riviera, and all future properties (plus dcl, concierge collection etc).

Right, but if it has to be sold at some point as a resale then it can only be used at DVC-1. Which is a lot more than just a resale contract of Riviera, which can only be used at Riviera. Right?

 

[masupo]

Another reason they need to get points through ROFR is that their other usual path to getting a lot of points is cut off right now. They usually get a decent amount of contracts through foreclosure and bankruptcies. I believe most of the usual court proceedings on those cases are not happening right now.

 

[we"reofftoneverland]

Right, but if it has to be sold at some point as a resale then it can only be used at DVC-1. Which is a lot more than just a resale contract of Riviera, which can only be used at Riviera. Right?

Sorry, true.

 

[Great3]

Direct SSR- cheaper than Riviera, and if sold can be used at all the DVC-1 properties
Direct Riviera- higher in price and if sold can only be used at Riviera

Makes sense to me.

This exactly. Most people that are only buying for blue card benefits are going to go for SSR rather than Riviera. There are others that buy for other reasons, but for the folks that normally buy resales only, only the lowest price direct DVC resort would make sense for them if they determine blue card benefits is worth it to them.

Great3

 

[SL6827]

This exactly. Most people that are only buying for blue card benefits are going to go for SSR rather than Riviera. There are others that buy for other reasons, but for the folks that normally buy resales only, only the lowest price direct DVC resort would make sense for them if they determine blue card benefits is worth it to them.

Great3

You would think that a high number of request for direct SSR contracts would get Disney's attention.

 

[ABE4DISNEY]

This exactly. Most people that are only buying for blue card benefits are going to go for SSR rather than Riviera. There are others that buy for other reasons, but for the folks that normally buy resales only, only the lowest price direct DVC resort would make sense for them if they determine blue card benefits is worth it to them.

Agree with this!!

Also, just wanted to point out that two days ago I was trying to make a waitlist and the site kept crashing on me. I took the survey which popped up because I wanted to complain.

The first 4-5 questions were about my experience with the website and I let them know of my issues. Then for the next 10-15 questions revolved around the new "BUY DIRECT" feature with the website ...like how many ways can you re-phrase this to let me know that I can buy points direct and especially from whatever resort I wanted. It was bizarre. They are beating that drum hard.

I expect a lot more ROFR-ing to occur as they get requests for older resorts.

 

[Grumpy by Birth]

With current incentives (which are about to expire as I understand it), the quote I got for Riviera direct was going to be less than AKV direct. I didn't get a quote for SSR, but I would guess the discounts on RIV would also make it comparable to SSR direct (presuming SSR, like AKV, has minimal discounts).

We preferred to buy at AKV rather than RIV, but I couldn't see paying more for AKV, which made RIV more tempting. But I also took into account that, if we did sell RIV, the new owners would be subject to the restriction of using it ONLY there. Compared to selling a direct contract at one of the "legacy" resorts where the new owner would be able to use it at all of those legacy resorts. Which restriction is worse? In my book, not having the option to use those points at any other resort is worse than not being able to use them at a few of the newest resorts.

Of course, the length of contract also plays into this calculation, with legacy resorts expiring sooner but, for many, the "emotional" component of not getting to stay at other resorts might outweigh the expiration date (not to mention that many buyers may have no intention of keeping the contract until 2070).

At the end of the day, we decided to stick with getting another resale contract for $10K less (which may eventually go towards another 100 points in the future).

 

[raider97]

What is the price difference between SSR direct and Riveria?