Is this with regular brokers?!?! That's terrible! The resale market definitely seems well saturated and brokers who have been living off of years of easy sales may not be up to the task.
I’ve bought and sold a number of contracts thru two very reputable companies. Never had any issues. Of course if someone lists their contract and then goes ahead and makes a reservation without telling the company, not really the companies fault. Some people will try and get over on others. The two I used, when listing a contract would ask if you have any upcoming reservations. If you did, then a notation would be on the listing “cannot close until after such and such date”. When buying, they would double check before closing (I think thru DVC directly).
DVC was never in the business of buying back contracts in the past, so this is relatively new. I have read a couple reports where their offer is ridiculously low. I’ve also read that they will sometimes contact you to see if you are interested in selling. But I’m sure they have an ulterior motive. Think what’s going to happen is a lot of people will start defaulting on their loans so lots of foreclsoures. There always seems to be an increase in listings after the new dues bills come out too….they went up as usual.
Riviera resale contracts were being picked up pretty quickly until recently. I already have 2 100 point contracts, but I would not hesitate to buy more on resale If I wanted more. Direct sales have been slow, especially during the pandemic. There is a lot of negativity directed towards this resort. We absolutely love it. Great location, beautiful rooms, the studios are outstanding and the Tower rooms are great for short stays. I’m of the opinion that the new Poly tower will also have resale restrictions….but time will tell. It’s a lot bigger than I thought it would be. I noticed there is a huge glut of Poly listings.
We have a nice portfolio of points and resorts. BLT, BWV and RIV. All great locations. When we tire of Disney we will rent out our points and as we get older will have a discussion with the kids. If they don’t want DVC after we go to the great timeshare in the sky, they can sell without guilt.