Analysis of Riviera sales as of 5/10/2019

Discussion in 'Purchasing DVC' started by stewart715, May 10, 2019.

  1. skier_pete

    skier_pete DIsney-holics Anon

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    (1) They have consistently grandfathered pre-existing resale contracts on ALL changes to date.
    (2) I don't trust them not to change the language to make it apply everywhere. They have been doing things of questionable legality lately.
     
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  2. Drewferin

    Drewferin Mouseketeer

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    I completely agree with both of your points. I think RIV is their new test resort for all things: restrictions, new contract language, legality of "similar". The real questi ok n would be what would Disney do if a RIV contract hit resale tomorrow. Would they be forced to announce RIV resale window restrictions or would they announce down the road and grandfather in prior resale RIV contracts.
     
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    DIS Sponsor Disney Vacation Club Resales www.dvcstore.com


  4. Pdadet

    Pdadet Earning My Ears

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    We entered into a 200 point contract today. The resort is beautiful and close to galaxy edge. No maintenance dues are till they open in December.
     
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  5. Jkarrows

    Jkarrows Mouseketeer

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    I thought the smallest contract was 75 points so how did someone buy a 50 point contract?
     
  6. CarolMN

    CarolMN DVC Co-Moderator Moderator

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    Minimum for an add-on contract is 50.
     
  7. vikequeen

    vikequeen Mouseketeer

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    Congrats. We bought ours 2 weeks ago. Excited to stay there next year.
     
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  8. Smoknchip

    Smoknchip Earning My Ears

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    We bought in for 200 points 2 weeks ago. We can’t wait for Skyliner transportation (plus the resort). I am hoping that there will be a phase 2 of the Skyliner to connect to animal kingdom or Disney Springs.
     
  9. vikequeen

    vikequeen Mouseketeer

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    know it might never happen but it would be fantastic. Fingers crossed.
     
  10. michael61

    michael61 Mouseketeer

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    I’m sure the new restrictions on resale has a lot to do with it. I was looking to buy additional points and I found out that the resale restrictions would hinder a sale.

    I decided not to buy. I was looking to buy additional points but when i found out that the resale restrictions would hinder a sale I decided not to buy there. I have to take into account consideration is my age. I probably would only own for maybe 15years before considering to sell. I’m not sure why somebody would really want to buy in this resort compared to any of the old resorts With the resale restrictions other than Disney who will certainly will be in control of the price.
     
  11. Jkarrows

    Jkarrows Mouseketeer

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    So if you brought re-sale can you buy just 50 points or do you have to have the 75 points?
     
  12. CarolMN

    CarolMN DVC Co-Moderator Moderator

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    You may buy any size resale contract that comes on the market (assuming Disney waives it ROFR). Several of the legacy resorts have/had 25 point minimums and those also show up on the resale market.
     
  13. Jkarrows

    Jkarrows Mouseketeer

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    Sorry i meant if you first brought resale and then wanted to buy direct from Disney to get the direct perks would you have to buy 75 points direct from Disney or could you buy just the 50 points as you already own DVC via resale.

    Hope i am making sense.
     
  14. CarolMN

    CarolMN DVC Co-Moderator Moderator

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    Currently, you need to own 75 direct points to qualify for Membership Extra perks. From the Members' website:


    * Important Information about Membership Extras:

    Membership Extras, such as vacation options in the Disney and Concierge Collections, certain discounts, offers, and special events are incidental benefits. These incidental benefits are subject to change or termination without notice, may require the payment of a fee and cannot be combined with any other offers or promotions. Membership Extras are also subject to availability and block-out dates may apply, including high periods of demand such as Christmas and New Year’s Day. To receive any Membership Extras, purchasers must present a valid Disney Vacation Club Membership Card along with a corresponding valid photo ID. Effective February 25, 2018, to obtain a Disney Vacation Club Membership Card, Members must accumulate a total of at least 75 Vacation Points purchased directly from Disney Vacation Development, Inc. Disney and Concierge Collections options are not available for ownership interests not purchased directly from Disney Vacation Development, Inc. after March 21, 2011, and, effective April 4, 2016, Members who have not purchased an ownership interest directly from Disney Vacation Development, Inc. will not have access to Membership Extras.



     
  15. ScubaCat

    ScubaCat DIS Veteran

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    You can add-on 50 direct if you want, but if you want the blue membership card (to qualify for membership extras as indicated) you'd have to buy 75. If you don't already have the blue card, I'd go for the 75, myself, if I were looking for a direct add-on.
     
  16. Jkarrows

    Jkarrows Mouseketeer

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    Thanks,
     
  17. Jkarrows

    Jkarrows Mouseketeer

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    Thank you.
     
  18. rg35

    rg35 DIS Veteran

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    1 billion points. I've never really thought about the scale of total available points at a resort.
    Another resort at Reflections soon to be built with more millions or billions of points

    That's a lot of money. A lot of timeshare being bought by people blinded by pixie dust who probably can't afford it.

    It will be interesting to see what happens when the next recession comes along.
     
  19. crvetter

    crvetter DIS Veteran

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    It’s 6.5 million points which will be sold for about 1 billion dollars.
     
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