That is not that low, that is more per point than I bought in direct from Disney at the Grand Californian.I tried to buy this one. Someone beat me to it.
Timeshare resale at Disney's Beach Club Villas, Lake Buena Vista, Florida - R873954 | RedWeek
Timeshare resale at Disney's Beach Club Villas, Lake Buena Vista, Florida - R873954www.redweek.com
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Is Disney Losing DVC Members/Contracts due to Covid??
- Thread starter Goofnut1980
- Start date
Congratulations? Today it will get you a resale Hilton Head contract.
Phonedave
Well-Known Member
That is during this economy (for now). ROFR is a right that can be exercised by DVC, not a guarantee. Yes, it is designed so DVC can control the market and keep resale prices high, so that it can control inventory and maintain direct sale pricing. It is one of the main reasons that I went with DVC as opposed to an other timeshare.
However, none of that is guaranteed. If in the future the market were to stagnate and DVC cannot offload the contracts it has, then it is not going to buy more just to keep the market up. Eventually, when you try to artificially influence a market you run our of ammunition. This is what we have seen in Europe, with some government bonds (The German Bund is an excellent example) paying negative interest. Yes, negative, you buy a bond for $100, hold onto it for a while, and then the government pays you back $99. The US is also teetering extremely close to this situation. The Fed has been lowering interest rates to drive the economy. With the Fed rate at 0.25% right now, there is not much left in the tank to prop up an unstable balloon economy. It's been like that for a while, and COVID may be the pin that pops it.
Anyway, economic rant aside, when DVC buys back a contract they are now on the hook for the dues - they do not get to keep it on the books for free. If nobody is buying contracts from DVC, then DVC will not be exercising ROFR. You can only prop up a market where nobody else is buying for so long, then it turns into a charity event, and DVC is not in the business of charity.
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CaptainAmerica
Premium Member
I'll pull the trigger on Animal Kingdom Lodge if it gets down to $80 but I haven't seen it below $100 yet even.
Club Cooloholic
Well-Known Member
Crazy, I bought it at 108(once all closing costs were added in) at AKL 2 years ago. I do think those prices could drop though essily, and I don't see it easy for Disney to sell those direct contracts at the crazy prices they are.
aliceismad
Well-Known Member
Per the ROFR thread on that other board, there were a few sales/purchases among members in the $90s that passed ROFR in July. The lowest was $92. Another $92 pp deal is listed as waiting ROFR.
CaptainAmerica
Premium Member
At AKL?
aliceismad
Well-Known Member
At Animal Kingdom Villas, yes.
The lowest on-property that I saw when I skimmed was $81.25 per point at SSR.
ETA: For clarity, that thread does not include closing costs in the per point cost, but does list the per point cost, number of points, and the total cost including closing costs.
I would like to know where anyone is seeing these kind of prices. From the reputable DVC Resale vendors:
DVCResaleMarket - lowest AKL is $108
DVCStore - lowest AKL is $100
DVCSales - lowest AKL is $104
ResalesDVC - lowest AKL is $104
DVCShop - lowest AKL is $104 - they do have a few at $99, but all are already pending
DVCResale - lowest AKL is $105
aliceismad
Well-Known Member
What you've posted are listings. What I've heard from others is that buyers are making offers below listed prices that are being accepted, which I don't believe is all that odd. Like I said, there is a recurring ROFR thread on another board, one that I believe you don't wish to go to, where members of the board announce their personal sales and purchases. Could all those people be lying, sure. It's easily google-able. ROFR Disney June will get you there.
I don't think these people are paying asking.
CaptainAmerica
Premium Member
So you're saying there's a chance.
Sirwalterraleigh
Premium Member
Because I’m an international man of mystery, baby, YEAH!!!I love sir to death but I'm always confused with his post.
Sirwalterraleigh
Premium Member
I made a mistake in guessing the prices would drop quickly...but my novice mind didn’t account for them rigging the stock market and luring spenders into bigger purchases with 0% rates.
Rookie error on my part. Except the prices still will drop precipitously...but more likely next year when the re-depression is in full swing.
The powers that be have guaranteed it with a textbook awful corona response. Almost intentional...worse than just being stupid.
So those asking prices will fall...they just got an unexpected bounce in the medium term.
I guess it depends on how motivated the seller is.
Thank you for your input.
Sirwalterraleigh
Premium Member
Incorrect...but it’s changed a lot over time.
But that’s really the consumer’s fault. Know the value/details and reject if they change the terms too much.
Here's all of the contracts filed with Orange County for AKV in July. The going price is certainly around 107-110, but there were some deals to be had.
| Points | Paid | $/pt |
| 160 | $ 12,000 | $ 75 |
| 190 | $ 17,100 | $ 90 |
| 160 | $ 14,800 | $ 93 |
| 240 | $ 23,600 | $ 98 |
| 225 | $ 22,300 | $ 99 |
| 160 | $ 15,900 | $ 99 |
| 160 | $ 15,900 | $ 99 |
| 160 | $ 16,000 | $ 100 |
| 160 | $ 16,200 | $ 101 |
| 100 | $ 10,200 | $ 102 |
| 220 | $ 22,500 | $ 102 |
| 160 | $ 16,400 | $ 103 |
| 160 | $ 16,500 | $ 103 |
| 320 | $ 33,000 | $ 103 |
| 220 | $ 22,700 | $ 103 |
| 100 | $ 10,400 | $ 104 |
| 330 | $ 34,400 | $ 104 |
| 160 | $ 16,800 | $ 105 |
| 200 | $ 21,000 | $ 105 |
| 160 | $ 16,800 | $ 105 |
| 160 | $ 16,800 | $ 105 |
| 250 | $ 26,500 | $ 106 |
| 242 | $ 26,000 | $ 107 |
| 160 | $ 17,200 | $ 108 |
| 160 | $ 17,200 | $ 108 |
| 50 | $ 5,400 | $ 108 |
| 200 | $ 21,600 | $ 108 |
| 100 | $ 10,800 | $ 108 |
| 100 | $ 10,900 | $ 109 |
| 100 | $ 10,900 | $ 109 |
| 110 | $ 12,000 | $ 109 |
| 210 | $ 23,100 | $ 110 |
| 100 | $ 11,000 | $ 110 |
| 160 | $ 17,600 | $ 110 |
| 100 | $ 11,000 | $ 110 |
| 120 | $ 13,200 | $ 110 |
| 240 | $ 26,400 | $ 110 |
| 100 | $ 11,000 | $ 110 |
| 155 | $ 17,100 | $ 110 |
| 220 | $ 24,300 | $ 110 |
| 160 | $ 17,800 | $ 111 |
| 125 | $ 14,000 | $ 112 |
| 100 | $ 11,300 | $ 113 |
| 100 | $ 11,400 | $ 114 |
| 160 | $ 18,500 | $ 116 |
| 75 | $ 9,000 | $ 120 |
| 50 | $ 6,300 | $ 126 |
| 25 | $ 3,300 | $ 132 |
Sirwalterraleigh
Premium Member
People paying over $100 for 300+ contracts are beyond foolish...
Jeez...wait 10 minutes or so
Jeez...wait 10 minutes or so
That $75 one must have been really motivated to sell.