The large number of new Aulani resale contracts??

[AstroBlasters]

A lot of double stripped BWV hitting the market yesterday….. maybe I am starting to get paranoid….

 

[VGCgroupie]

A lot of double stripped BWV hitting the market yesterday….. maybe I am starting to get paranoid….

I was paranoid long before this, but I’m sure I didn’t hide that.

 

[disneylandtour]

In just watching all this, I'm leaning toward simply sitting back and seeing what deals emerge in a month or two. At a certain point brokers are going to have to start undercutting other brokers in terms of price. Add into this, Nov/Dec are MF season which a bunch of actual non-commercial owners want to sell before fees come due. The timing of this from the commercial side is just so odd--those two brokers know that Nov/Dec is not the best time to sell, but here they are, dumping a lot of contracts.

 

[AstroBlasters]

In just watching all this, I'm leaning toward simply sitting back and seeing what deals emerge in a month or two. At a certain point brokers are going to have to start undercutting other brokers in terms of price. Add into this, Nov/Dec are MF season which a bunch of actual non-commercial owners want to sell before fees come due. The timing of this from the commercial side is just so odd--those two brokers know that Nov/Dec is not the best time to sell, but here they are, dumping a lot of contracts.

And then none of the prices are very attractive…. which shows they aren’t really trying to sell them quickly… probably because they have rentals and can sit on them for a while. Just strange.

 

[davidhr]

And then none of the prices are very attractive…. which shows they aren’t really trying to sell them quickly… probably because they have rentals and can sit on them for a while. Just strange.

It’s bizarre. I’ve saved some of those BWV small contracts to my watchlist (and some BCV) because I won’t say no to a nicely priced small contract there, and they haven’t moved in days. Those contracts sell in minutes most of the time.

Those stripped contracts are priced so strangely that even buyers with no restraint aren’t pulling the trigger.

 

[VGCgroupie]

And then none of the prices are very attractive…. which shows they aren’t really trying to sell them quickly… probably because they have rentals and can sit on them for a while. Just strange.

I just want to know what is the deal already. They have to know that even those who aren't like us, stalking the market daily, would be questioning what the problem is. If 90% of the houses in a neighborhood went up for sale all at once you'd for sure think there is a problem and you wouldn't want to buy a house there.

After MF are released I will feel better since thats really the only thing that will impact me negatively.

 

[AstroBlasters]

I just want to know what is the deal already. They have to know that even those who aren't like us, stalking the market daily, would be questioning what the problem is. If 90% of the houses in a neighborhood went up for sale all at once you'd for sure think there is a problem and you wouldn't want to buy a house there.

After MF are released I will feel better since thats really the only thing that will impact me negatively.

Just keep these images in your head…. malasadas and coffee while looking at the ocean at Captain Hooks in the morning….. a saved chair with coconut mint mojitos delivered to you…..a warm lazy river with magically no people bumping into you….a massage at the spa….a beautiful sunset….. and delicious bites and adult beverages while listening to live music in the Olelo room…..

 

[VGCgroupie]

Just keep these images in your head…. malasadas and coffee while looking at the ocean at Captain Hooks in the morning….. a saved chair with coconut mint mojitos delivered to you…..a warm lazy river with magically no people bumping into you….a massage at the spa….a beautiful sunset….. and delicious bites and adult beverages while listening to live music in the Olelo room…..

August cant come quick enough!

 

[Cfabar1]

Prices don’t look too good on these, assuming the broker I am looking at is the one everyone is mentioning…

Maybe they want to offload and are thinking be ahead of the end of the year wave -the amount of stripping and delayed closings seems undesirable.

I did a delayed closing once, it worked out just fine, but I will never do it again - and especially in this market.

 

[AstroBlasters]

Prices don’t look too good on these, assuming the broker I am looking at is the one everyone is mentioning…

Maybe they want to offload and are thinking be ahead of the end of the year wave -the amount of stripping and delayed closings seems undesirable.

I did a delayed closing once, it worked out just fine, but I will never do it again - and especially in this market.

I have a delayed closing on a Grand Cal right now, but it was a delay of 45 days after ROFR…. and the price was right with full 2024 points….

 

[ocdb8r1]

I have a delayed closing on a Grand Cal right now, but it was a delay of 45 days after ROFR…. and the price was right with full 2024 points….

Yeah, a delay of a couple of months for a contract at one of the smallest volume resorts where you still get points makes complete sense.

However, some of these contracts are absurd. Delayed closing for almost a year...and then you still don't get points for another year after that! Who the h*ll does that appeal to?!!? Like, I can't imagine any customer who says to themselves....I MUST spend $15-40k on this product (which is not in any way in any limited supply) TODAY which I won't receive for two years. It's just bizarre.

 

[VGCgroupie]

Yeah, a delay of a couple of months for a contract at one of the smallest volume resorts where you still get points makes complete sense.

However, some of these contracts are absurd. Delayed closing for almost a year...and then you still don't get points for another year after that! Who the h*ll does that appeal to?!!? Like, I can't imagine any customer who says to themselves....I MUST spend $15-40k on this product (which is not in any way in any limited supply) TODAY which I won't receive for two years. It's just bizarre.

Agree.

I have no idea what it looks like when Disney notifies you that you have violated your contract terms. Do they give you a timeframe in which to stop all rental activities so that why no rush? Do they tell you to sell and you just have to prove you are trying that’s why absurd prices? Do they let you keep existing reservations that are rented as a courtesy?

 

[AstroBlasters]

Yeah, a delay of a couple of months for a contract at one of the smallest volume resorts where you still get points makes complete sense.

However, some of these contracts are absurd. Delayed closing for almost a year...and then you still don't get points for another year after that! Who the h*ll does that appeal to?!!? Like, I can't imagine any customer who says to themselves....I MUST spend $15-40k on this product (which is not in any way in any limited supply) TODAY which I won't receive for two years. It's just bizarre.

1000% agree.

The seller can walk away at any time if prices materially go up, but the buyer is on the hook for their deposit until close.

 

[Tatebeck]

I'm wondering if this was related to the BWV standard thread that reported a bunch of unexpected openings of BWV standard, AKV value, etc rooms late at night a few weeks ago. Maybe Disney shut some commercial renting down and they had to release any reservations that hadn't been rented yet. And are now selling some of the contracts.

 

[AstroBlasters]

I'm wondering if this was related to the BWV standard thread that reported a bunch of unexpected openings of BWV standard, AKV value, etc rooms late at night a few weeks ago. Maybe Disney shut some commercial renting down and they had to release any reservations that hadn't been rented yet. And are now selling some of the contracts.

The plot thickens…. I hope this is the case…

 

[jjanne]

1000% agree.

The seller can walk away at any time if prices materially go up, but the buyer is on the hook for their deposit until close.

Oh wow, can seller really just walk? Or would they owe something to broker/ title company?