DVC restrictions for 2016

[DallasDis]

I'm not a member of DVC, but our family has been looking into it and are interested in purchasing through resale.

We went on a tour today at Boardwalk and the DVC salesmen mentioned that Disney was planning to roll out new restrictions in 2016 for DVC resales. This was to include only being able to book the resort you are a member of.

I've searched around and have not seen this rumor anywhere else. Does anyone know if there is any truth to this or if it's just a salesman trying to make the sale?

 

[sxeensweet]

Have not heard this yet but I wouldn't say they won't either. I am a DVC member and they prob might do this in the future to stop so many resale sales so people are more likely to buy direct. If they do they will probably honor people who bought resale prior to 2016 to still be able to stay anywhere but maybe this will be for all the new resale contracts that happen in 2016 and beyond.
I bought direct through Disney in 2013 so no worries for me. lol Unless they do that to us one day but highly doubt it as that's what DVC's whole concept is flexibility to stay when and where you want. But for resale don't think Disney won't do that!

 

[Tom]

It would not surprise me at all if they did this some day. And if they do, it will absolutely prevent me from buying resale, because I would never want to be restricted to only booking at our home resort. Heck, we own SSR and have never stayed there.

I predict that was just the salesman's tactic of trying to get you to buy direct. That's a MAJOR benefit change, and while I predict they will eventually do it, I'd be surprised if they do it that soon.

 

[216bruce]

If they really want to flood the market with resale, just make booking restrictions to 'home resort only' on all resales, regardless of when they happened. Mine would be sold in a heartbeat.

 

[Vipor51]

Ok am I crazy but why would this make sense? The only way they could roll this out is if they penalize the contracts sold after a certain date. My reason is simple.

As 216 says, he would sell his points almost immediately as a large amount of folks would. How would the market react? All resale contracts would decrease in price due to the restriction which would make it extremely hard for Disney to sell new contracts through Disney at the pricepoint they are asking today.

In short your $125pp resale at BLT would now only sell for approx $60pp (guesses here) which would make it very difficult to justify Disney selling points at $145 - $185pp just to stay at another resort.

Disney has always taken the resale market seriously as they always have the ROFR. Another way they could make this make sense now that I am thinking about it is continue to control the resale price (that no one would pay without having the resort flexibility).

Doing this though would really irritate an extremely loyal fan base of DVC Members (lifers).

Vip

 

[sxeensweet]

Ok am I crazy but why would this make sense? The only way they could roll this out is if they penalize the contracts sold after a certain date. My reason is simple.

As 216 says, he would sell his points almost immediately as a large amount of folks would. How would the market react? All resale contracts would decrease in price due to the restriction which would make it extremely hard for Disney to sell new contracts through Disney at the pricepoint they are asking today.

In short your $125pp resale at BLT would now only sell for approx $60pp (guesses here) which would make it very difficult to justify Disney selling points at $145 - $185pp just to stay at another resort.

Disney has always taken the resale market seriously as they always have the ROFR. Another way they could make this make sense now that I am thinking about it is continue to control the resale price (that no one would pay without having the resort flexibility).

Doing this though would really irritate an extremely loyal fan base of DVC Members (lifers).

Vip

As most changes, it like I mentioned would probably be for all new contracts not all the old ones bought by resale. IF and when it ever goes into affect it would probably not affect any older resale contracts.

 

[EOD K9]

Ok, so that being said, who has 25 points in August for SSR they want to sell me?

 

[ToTBellHop]

As most changes, it like I mentioned would probably be for all new contracts not all the old ones bought by resale. IF and when it ever goes into affect it would probably not affect any older resale contracts.

I don't know that they even could make such a change retroactive. Happy I picked a home resort that I would never regret staying at, though. "Do I really want to stay at crappy Wilderness Lodge?" said no one ever.

 

[WWWD]

It would be interesting to see what percentage of owners from each resort use their points at "non-home" resorts each year.

 

[Seanual757]

Our home is GFV, we stayed at SSR over July 4th weekend, and we are staying at OKW, and AKL in October. We will be staying at our home resort for a week in March 2016.

I am looking to book POLY or BLT for July 4th 2016, and another resort for New Years eve 2016.

 

[lostpro9het]

IF this is true it will probably devastate the Aulani, HH, and VB resale market.

 

[dreamfinder]

I really can't see them doing this. It completely kills the resale value, which is something that they push as being a benefit to owning DVC vs other timeshares (namely being able to recoup a chunk of your investment instead of pennies on the dollar). So when it drives down the cost, I think it would actually drive people to purchase resale since they could then get points for even less than direct, even if they needed to stay only at that resort. And as pointed out, Aulani HH and VB aren't quite the draw as the park resorts, so anything that dilutes the market of people who can stay there I hope DVD would realize is a bad thing.

 

[slappy magoo]

If this is true (a big IF), my guess is a lot of owners are complaining that they can't book at their home resort unless they book within the 11-to-7 month window, which for a lot of people is hard.

IF this is true it will probably devastate the Aulani, HH, and VB resale market.

Which means owners looking to sell will be selling so low, it would cost Disney very little to exercise their ROFR option, buy back the deed and sell it again at full pop. And while they're within their rights to do so, it seems harsh to do to the very people who probably bought into DVC for exactly the sorts of reasons DVC extols in their marketing materials - the memories the magic all that crap. It really does paint an image of DVC looking at their members like this

 

[PlaneCrazy1978]

I'm not a member of DVC, but our family has been looking into it and are interested in purchasing through resale.

We went on a tour today at Boardwalk and the DVC salesmen mentioned that Disney was planning to roll out new restrictions in 2016 for DVC resales. This was to include only being able to book the resort you are a member of.

I've searched around and have not seen this rumor anywhere else. Does anyone know if there is any truth to this or if it's just a salesman trying to make the sale?

They've said this for years but have never really followed through on it. I remember our rep saying the same thing 2 years ago. I'd bet a scare tactic...

 

[bpadair32]

A couple of things to keep in mind:

1. Sales people only make money if you buy from them. They are going to tell you anything they can to get you to buy from them. Take everything they say with a grain of salt.

2. I have read several lawyers talk about this (and please do not take this as legal advice, I am NOT a lawyer) but they have all said it would almost have to be only for resale contracts going forward and not retroactive. People buy/sell these contracts based on statements from Disney that they can book multiple resorts. Regardless of the contract language those are material statements that affect people's purchasing decisions and if changed retroactively could result in extensive litigation.

3. When Disney has added restrictions for resale, it has only ever been done on contracts from that date forward.