Coronavirus and DVC prices

[PcflEZFlng]

I just had one of my bigger DVC contracts close and the money was wire transferred yesterday. I am really happy about this. Now I am waiting for 3 more DVC contracts to close along with a Vistana and a Hyatt contract. In total, I have sold 6 contracts during the Covid crisis (only 1 has closed so far). Pretty good! I still have 3 more DVC contracts for sale but they are larger point contracts so it makes sense they may take longer.

I divested all three of my TS contracts (DVC BCV plus two Vistanas) just last fall. The last one, WMH, closed two months ago. My thinking at the time was that continuing to pay MFs no longer made sense since we had only been to BCV a couple of times over the years, and our Vistana stays were usually in low season when rent is cheap. I considered keeping BCV and just renting it out every year, but then decided against it for several reasons. One of those reasons was what if some black swan event came along in say, five years from now, and tanked the market. Never could I have possibly imagined what actually happened and how soon it came.

 

[nomoretslt]

I just had one of my bigger DVC contracts close and the money was wire transferred yesterday. I am really happy about this. Now I am waiting for 3 more DVC contracts to close along with a Vistana and a Hyatt contract. In total, I have sold 6 contracts during the Covid crisis (only 1 has closed so far). Pretty good! I still have 3 more DVC contracts for sale but they are larger point contracts so it makes sense they may take longer.

How long did you own each contract? Did you make use out of them and just don’t like Disney any more? Did you make a profit? We’ve made nice profits on the ones we sold but used the profits to buy onto newer resorts.

I’m on the lookout for a smaller BLT resale and a Riviera resale ( already bought direct). I’m wondering if they will go down to preopening prices for Riviera or just have some good incentives. Not really interested in incentives...price is what will do it for me.

 

[got4boys]

During the recession 2008-2011 they didn't reduce prices at all, in fact I believe they raised them. However they also offered tremendous incentives, including week-long Disney cruises. So I agree with Dean, price reductions aren't likely but intriguing incentives are, if this lasts long enough.

They actually did the Black Friday 2010 special at that time for Bay Lake Tower. You just had to go to one of the sales centers New York or Chicago to get the pricing. At that time, Bay Lake Tower was $120 and you could buy it for $92 or $97 per point if you bought then.

I wish I had bought more.

 

[TheHolleys87]

They actually did the Black Friday 2010 special at that time for Bay Lake Tower. You just had to go to one of the sales centers New York or Chicago to get the pricing. At that time, Bay Lake Tower was $120 and you could buy it for $92 or $97 per point if you bought then.

I wish I had bought more.

Wow, that was a deal! Living as far away from NY and Chicago as we do, I didn’t remember that offer, and none of the discussions here on TUG or on the DIS have mentioned it.