DVC Fanatic
Mouseketeer
- Joined
- Jun 30, 2018
DVC Fanatic---$160-$19263-110-VGF-Dec-29/19, 110/20, 110/21- sent 2/29, passed 3/19
striker1064---$102-$18189-160-AKV-Oct-51/19, 160/20, 160/21- sent 2/28
passed 3/19LuvMugsNPins---$103-$17025-160-AKV-Feb-0/19, 0/20, 160/21, 160/22- sent 2/28
Just recieved contract from title company this morning! I passed ROFR on 03/19, letter was sent for estoppel, which passed on 03/20. That's really quick, right?
Congrats on passing ROFR 3/19.From what I have researched, that sounds really quick! Congratulations! I passed ROFR on 3/19, and I am hoping for a quick turn around too!
Doubtful. Many other timeshares are worth mere pennies on the dollar once the rescission period has passed. It has not stopped them from selling at a healthy clip. Given the Reality Distortion Field that Disney is able to generate, I expect that they would be even more successful.Isn't there a delicate balance they need to maintain with respect to the Resale Prices?
If resale becomes o very cheap compared to Direct (say less than 50% of Direct, across the board), then many more people may opt for resale regardless of the Direct Perks.
I have not received closing docs yet. Based on the email I received, it will take 2-3 weeks for closing docs. Hoping it will be faster. Congrats on passing ROFR!Congrats on passing ROFR 3/19.
Have you received closing docs yet?
I was told I passed ROFR 3/20, still waiting for closing docs.
OK - be sure to post when you receive yours;I have not received closing docs yet. Based on the email I received, it will take 2-3 weeks for closing docs. Hoping it will be faster. Congrats on passing ROFR!
I'm not sure I'm reading this correctly.Doubtful. Many other timeshares are worth mere pennies on the dollar once the rescission period has passed. It has not stopped them from selling at a healthy clip. Given the Reality Distortion Field that Disney is able to generate, I expect that they would be even more successful.
We’re in a similar position. We’re in Canada, and between this virus and what’s happening with oil prices, our dollar has tanked. I’m trying to look at the extra money on a $/pt/year, which makes it seem a lot more bearable.Is anyone else purchasing from the UK and dismayed by the plummeting value of the £? I’ve asked my agent if we could delay the purchase by one month to give the exchange rate a chance to settle down. Thankfully we are with Fidelity so still have 2.5 to 3 weeks until our closing documents come through. We’ve had two contracts passed through ROFR in the last ten days. Dreadful timing.
I believe DVD, when compared to other timeshare developers, will be *better* at selling retail despite a 10x (or larger) spread between retail and secondary market than those other developers. That's not to say that they will sell more easily than they do now, but I think the negative impact of a larger retail/secondary spread is minimal given the nature of timeshare as a business model.I'm not sure I'm reading this correctly.
Are you saying DVC Direct would still be more successful?
I think a higher spread is ultimately Disney’s goal. A low resale price creates a perception of a huge difference between the quality of resale and direct for many. Disney has come to the same conclusion as other timeshare sellers that perception helps them to get people to choose direct over resale. It, also, allows them to make more money when someone wants to buy a “sold out” resort by having to pay a lower price themselves for those points.I believe DVD, when compared to other timeshare developers, will be *better* at selling retail despite a 10x (or larger) spread between retail and secondary market than those other developers. That's not to say that they will sell more easily than they do now, but I think the negative impact of a larger retail/secondary spread is minimal given the nature of timeshare as a business model.
Is anyone else purchasing from the UK and dismayed by the plummeting value of the £? I’ve asked my agent if we could delay the purchase by one month to give the exchange rate a chance to settle down. Thankfully we are with Fidelity so still have 2.5 to 3 weeks until our closing documents come through. We’ve had two contracts passed through ROFR in the last ten days. Dreadful timing.