DVC RESALES
DVC RESALES

Go Back   The DIS Discussion Forums - DISboards.com > Disney Vacation Club > Purchasing DVC
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Rate Thread Display Modes
Old 08-10-2010, 09:07 PM   #31
wdrl
DIS Veteran
 
wdrl's Avatar
 
Join Date: May 2009
Location: BLT, AKV, Aulani
Posts: 2,391

Quote:
Originally Posted by StormalongKay View Post
Okay, so I'm definitely not right 100% of the time....
Google Palm Financial and you will find that it is a Disney affiliate. So disregard my comments about Palm not standing in the same position as Disney!
Palm Financial Services, Inc may be an affiliate of the Disney Corporation, but so is Disney Vacation Development. There may be all sorts of financial or legal requirements/advantages for Palm and DVD to have different standings in a court of law.

By the way, each of the Certificates of Title show that the sales value of the property is $100.00.
__________________
wdrl is offline   Reply With Quote
Old 08-24-2010, 05:52 PM   #32
frank808
DVC Member
 
Join Date: Jul 2010
Location: Aulani
Posts: 165

With Disney getting so many contracts back for non payment, I would think they would stop hiking the price per point of their contracts.
Just goes to show that even disney is getting hit hard like the other timeshare companies.
frank808 is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 08-24-2010, 06:05 PM   #33
corpcomp
The 100 Yard Dash and Mr. D
 
corpcomp's Avatar
 
Join Date: Apr 2006
Location: Wilton, CT
Posts: 1,109

But again, the real question is: why are they buying back so much BCV versus all others?
__________________
Corpcomp

1980-2000 - too many to count
March 01 Poly, March 02, 03 Coronado Springs
March 04 Caribbean Beaches, March 05, 06 Coronado Springs
July 06, April 07, April 08 BCV, June 08 BWV & Yacht Club, Feb 09 BWV, Halloween 09 SSR & BWV, April 10, July 10 BCV & VWL, Aug 11 BWV, Aug 12 BCV, April 13 BCV, NYE 13 BLT & BCV
corpcomp is offline   Reply With Quote
Old 08-24-2010, 07:10 PM   #34
Mickey'sApprentice
Shamelessly demand, it works better
DIS Veteran
 
Mickey'sApprentice's Avatar
 
Join Date: Dec 2005
Location: Montgomery, Alabama
Posts: 4,426

Quote:
Originally Posted by corpcomp View Post
But again, the real question is: why are they buying back so much BCV versus all others?
I don't know, but my sister (who hasn't bought anywhere yet) would only ever consider buying Beach Club Villas.

She is also probably the same buyer that would balk at purchasing a timeshare resale over the internet.

Plus, the price differential between retail and resale is smaller for BCV.
__________________
Apr '92 Off Property (Honeymoon): Dec '94, Feb '02 CR: Jan '05 WL/POR: Nov '06, Jan '09 HHI: Apr '07: First Trip "Home" to BWV: Jan '08: BWV, Mar '09: POR/BWV: Jan. '10 POR/AKV (Jambo), July '10: POFQ/BCV: Dec '10 AKV (Kidani)/POR:Sep. '11 POR/BWV, Jan '12: POP, Apr '12: POR/BWV, Jan '13: Conference/WL, Jul "13:POR. Dec '13: DOL/BLT 40th B-day Trip Report
Mickey'sApprentice is offline   Reply With Quote
Old 08-24-2010, 07:23 PM   #35
JimMIA
A little Miami humor...
 
JimMIA's Avatar
 
Join Date: Feb 2005
Location: Miami, Wyndham Great Smoky Mountains, and EVER (Everglades National Park)
Posts: 11,097

Quote:
Originally Posted by Mickey'sApprentice View Post
Plus, the price differential between retail and resale is smaller for BCV.
Really?

The HIGHEST-priced BCV contract I see on the TTS site is priced at $85 per point, with others in the high- to mid-$70's.

DVC's direct price is $115.00 per point with no incentives.

To me, that looks like about $30 per point minimum difference...or roughly 26% resale savings compared to the highest ASKING price resale. Not selling price...asking price.

That seems like a pretty prohibitive price differential to me.
JimMIA is offline   Reply With Quote
Old 08-24-2010, 08:37 PM   #36
corpcomp
The 100 Yard Dash and Mr. D
 
corpcomp's Avatar
 
Join Date: Apr 2006
Location: Wilton, CT
Posts: 1,109

Quote:
Originally Posted by JimMIA View Post
Really?

The HIGHEST-priced BCV contract I see on the TTS site is priced at $85 per point, with others in the high- to mid-$70's.

DVC's direct price is $115.00 per point with no incentives.

To me, that looks like about $30 per point minimum difference...or roughly 26% resale savings compared to the highest ASKING price resale. Not selling price...asking price.

That seems like a pretty prohibitive price differential to me.
I think what he means is that DVC can buy back this stuff in the high 70's low 80's and resell for $115. $40-50 per point profit for a resort that evidently DVC must consider a strong market for.
__________________
Corpcomp

1980-2000 - too many to count
March 01 Poly, March 02, 03 Coronado Springs
March 04 Caribbean Beaches, March 05, 06 Coronado Springs
July 06, April 07, April 08 BCV, June 08 BWV & Yacht Club, Feb 09 BWV, Halloween 09 SSR & BWV, April 10, July 10 BCV & VWL, Aug 11 BWV, Aug 12 BCV, April 13 BCV, NYE 13 BLT & BCV
corpcomp is offline   Reply With Quote
Old 08-25-2010, 07:17 AM   #37
Brian Noble
His Curmudgeonly Highness
 
Join Date: Mar 2004
Location: The People's Republic of Ann Arbor, MI
Posts: 11,579

It's not all profit, though. The rule of thumb in the industry is that marketing represents between 1/4 and 1/2 of the cost (not the price, the *cost*) to develop a unit.
Brian Noble is offline   Reply With Quote
Old 09-03-2010, 01:11 PM   #38
wdrl
DIS Veteran
 
wdrl's Avatar
 
Join Date: May 2009
Location: BLT, AKV, Aulani
Posts: 2,391

ROFR Data Updated for August 2010

I have updated the monthly ROFR data through August 31, 2010. The chart in Post #1 of this thread now shows contracts reacquired by DVD for June, July, and August 2010. With the exception of two small BLT contracts, the August 2010 ROFRed contracts were from BCV.

In August at the suggestion of lilpooh108, I started tracking the "Sale/Consideration" amount that is reported on each warranty deed recorded at OCC. I know that when DVD sells a contract, the Sale/Consideration amount is the full purchase price before incentives are considered. Thus, a 100 point BLT contract will show a Sale/Consideration amount of $12,000, even though the buyer actually paid only $11,400 after receiving a $6/point incentive. On warranty deeds, I suspect the Sale/Consideration amount is the actual price paid by the buyer since there are no incentives involved.

Based on the Sale/Consideration amounts on the August warranty deeds, it appears that DVD reacquired the BLT points at $99/point and the BCV points at a weighted average of $76.90/point. The BCV points ranged from $67 to $84.
__________________

Last edited by wdrl; 09-03-2010 at 01:14 PM. Reason: typo
wdrl is offline   Reply With Quote
Old 09-03-2010, 02:57 PM   #39
Doug7856
DIS Veteran

 
Doug7856's Avatar
 
Join Date: Sep 2003
Location: SSR
Posts: 1,795

Thanks for the update!
__________________
Doug
Doug7856 is offline   Reply With Quote
Old 09-03-2010, 05:59 PM   #40
Hunclemarco
DIS Veteran
 
Hunclemarco's Avatar
 
Join Date: May 2008
Location: Syracuse, NY
Posts: 2,006

Thank you!
__________________



January 1979 Offsite; January 1992 POR; March 1999Honeymoon ; May 2002 CBR; May 2008 Offsite; November 2008 CBR March 2009 DVC SSR, BCV; August 2009 DVC AKV,BCV; December 2009 DVC SSR; February 2010 DVC BCV; November 2010 DVC BWV; May 2011 POP; March 2012 DCL Dream and POP; May 2012 POP; April 2013 DVC BCV; November 2013 CSR
Hunclemarco is offline   Reply With Quote
Old 09-07-2010, 12:19 PM   #41
dizfan
DIS Veteran
 
Join Date: Dec 1999
Location: WI
Posts: 1,728

wdrl thank you for tracking this information and updating us.
dizfan is offline   Reply With Quote
Old 09-07-2010, 12:41 PM   #42
corpcomp
The 100 Yard Dash and Mr. D
 
corpcomp's Avatar
 
Join Date: Apr 2006
Location: Wilton, CT
Posts: 1,109

Thanks - again heavily buying back BCV. Something is going on there.
__________________
Corpcomp

1980-2000 - too many to count
March 01 Poly, March 02, 03 Coronado Springs
March 04 Caribbean Beaches, March 05, 06 Coronado Springs
July 06, April 07, April 08 BCV, June 08 BWV & Yacht Club, Feb 09 BWV, Halloween 09 SSR & BWV, April 10, July 10 BCV & VWL, Aug 11 BWV, Aug 12 BCV, April 13 BCV, NYE 13 BLT & BCV
corpcomp is offline   Reply With Quote
Old 09-08-2010, 10:20 AM   #43
wdrl
DIS Veteran
 
wdrl's Avatar
 
Join Date: May 2009
Location: BLT, AKV, Aulani
Posts: 2,391

Thanks to information supplied by a Disboard member, we have been able to get a glimpse of the ROFR time line when DVD decides to buy back a deed:

7/21/2010 - Member makes an offer for 100 BCV points from Unit #21 at $80/point

7/28/2010 - Member is notified that Disney exercises ROFR on offer

8/19/2010 - Seller signs warranty deed transferring 100-point BCV deed to DVD.

9/07/2010 - Warranty deed is recorded and filed at OCC. OCC indicates the "Sale/Consideration" value of deed is $8,000.00


Now, it will be interesting to see how soon DVD sells points from BCV Unit #21.

If other Disboard members have resale contracts ROFRed by DVD, I would appreciate them sending me a PM with the information about the resort, number of points, Unit number, and offer price per point. I can then try to track the ROFRed contract on the OCC website.
__________________
wdrl is offline   Reply With Quote
Old 09-08-2010, 06:58 PM   #44
Mouse511
DIS Veteran
 
Mouse511's Avatar
 
Join Date: Mar 2006
Location: Connecticut
Posts: 1,196

Excellent post and Compliment to donald1 post.
__________________
10/99 Dixie Landings -- 03/00 Offsite-Universal Studios -- 10/01 Port Orleans Riverside -- 10/03 Caribbean Beach -- 12/06 Wilderness Lodge -- 09/07 Wilderness Lodge -- 10/07 WDW Swan -- 10/08 Saratoga Springs -- 02/09 Old Key West -- 10/09 Vero Beach & Old Key West -- 11/10 Old Key West -- 5/11 Bay Lake Tower -- 11/12 Old Key West
Mouse511 is offline   Reply With Quote
Old 09-08-2010, 09:27 PM   #45
SabresFan
Mouseketeer
 
SabresFan's Avatar
 
Join Date: Aug 2010
Location: Buffalo, NY
Posts: 114

Once again, an amazing job and a very valuable service. Thank you for your efforts.
SabresFan is offline   Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

DVC-Resales.com | 1-800-550-6493 (Contact The Timeshare Store) | DVC Resale Listings

facebooktwittergoogle plus youtube itunesDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 12:13 PM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.