RESALE POLICY CHANGE!

[Mays99]

You all do realize that this effects no one on this thread right now--- except maybe that one guy-- but he received a reprieve.....

Lurker here coming out of the shadows to post. It may not effect most of you posting, but it helps reading your thoughts from someone in the middle. I am a first time buyer via resale. Passed ROFR in late February, closing documents finally sent for recording April 8th...so this topic is of great interest to me.

My wife and I kicked the idea of buying around for a few years before pulling the trigger a few months back. I did so fully understanding perks were not guaranteed and could be revoked at any time. However I assumed we would, at minimum, be ok this year. The way it was handled, being so deep in the process, it felt as though they had pulled a rug out from under us. Yes, perks are not guaranteed. But that was like saying "close but no cigar" when I thought I was getting a cigar. Future resale buyers go in knowing they get no cigar. Would the lack of perks at initial purchase have stopped me? No, I did not buy for perks. I bought to have a room reservation for years to come.

We head down once a year for a week long trip. For the past three trips we have rented points, using these trips as our "test drives". So, we bought a gateway contract....small and not nearly enough but surely to lead to more. Frankly, we spent very little in comparison to many. But, this kind of took the warm and fuzzy feeling out off the purchase. Not the potential loss of perks, but the perception of member class and a feeling of if they do this in this way what could be next? Will we add on despite of this? Odds are yes, but time will tell...we intend to stand firm for a bit and see what shakes out.

One impact this policy would have had on us (had they not reversed) was the additional trips. As I said we go once a year for a week. But with the AP discount, we were already planning additional trips above and beyond our DVC stay. We thought why not? We would have the tickets, saved $800 on APs, and live fairly close. We can sneak in an additional extra long weekend and maybe an additional weekend or two. Those are stays above and beyond our DVC stay/usual one week. Those are dollars spent on room, food, merchandise, food, food...you get the idea. Without the AP discount? Yeah, probably would not be making those trips and would stick to the once a year. The up front cost savings justify the additional spending in a warped Disney mind.

I appreciate reading everyone's thoughts here and I now return to the shadows.

 

[Ohana2011]

I suppose I misinterpreted the burning reference as you were mad. Ideally a new resale buyer would find out a lot of this information prior to buying. One point I meant to make the first time I quoted you was that technically and legally you're signing up for and stepping into the shoes that the original purchaser agreed to. There is no responsibility for DVC to inform the resale buyer during the process or to make sure they understand negatives. In many ways that also applies to retail buyers as well.

The burn reference was a general application to all those who made the bid based on the idea that they would be transferred some of these incidental benefits when everything was in limbo. The prices bid did not take into consideration that these incidentals would not be part of the package. Perhaps it would have been ideal to recieve a copy of the seller's contract at the time that we signed. I didn't even think of that & wasn't offered by our broker. The implication in my contract was that as a buyer I might not be able to transfer these incidental benefits at a later time... It did not specify that the seller might not be able to transfer to the buyer of said contract. It was all just a debacle this past week. I have to just do as Dory says, "Just keep swimming"... Thank you for your input. I appreciate your guidance. At this point, we can't go backwards. I didn't ask for the seller's contract & didn't have the knowledge to ask, so that's partially on me.

 

[Dean]

The burn reference was a general application to all those who made the bid based on the idea that they would be transferred some of these incidental benefits when everything was in limbo. The prices bid did not take into consideration that these incidentals would not be part of the package. Perhaps it would have been ideal to recieve a copy of the seller's contract at the time that we signed. I didn't even think of that & wasn't offered by our broker. The implication in my contract was that as a buyer I might not be able to transfer these incidental benefits at a later time... It did not specify that the seller might not be able to transfer to the buyer of said contract. It was all just a debacle this past week. I have to just do as Dory says, "Just keep swimming"... Thank you for your input. I appreciate your guidance. At this point, we can't go backwards. I didn't ask for the seller's contract & didn't have the knowledge to ask, so that's partially on me.

Getting all of the legal documents isn't very feasibly. For resale you have to investigate in other ways like on this BBS. But in reality you're assuming those risks and more by doing so. That's why I say it takes some degree of experience for AT LEAST 2 of the 3 (DVC, Timeshare in general, Disney on property) and 6 months of active investigation before being ready to buy. In reality resale buyers should be far ahead of retail buyers in this area. They aren't in a position to make a decision at the moment and the very nature of ways to investigate enough to have an idea of how the system works gives you a lot better feel for the systems in and outs than does a sales presentation. I guess I don't see it as a debacle, in a sense it was inevitable with the only questions being when and how. To me any resale buyer should know this is a risk in general terms prior to signing.

 

[Ohana2011]

Lurker here coming out of the shadows to post. It may not effect most of you posting, but it helps reading your thoughts from someone in the middle. I am a first time buyer via resale. Passed ROFR in late February, closing documents finally sent for recording April 8th...so this topic is of great interest to me.

My wife and I kicked the idea of buying around for a few years before pulling the trigger a few months back. I did so fully understanding perks were not guaranteed and could be revoked at any time. However I assumed we would, at minimum, be ok this year. The way it was handled, being so deep in the process, it felt as though they had pulled a rug out from under us. Yes, perks are not guaranteed. But that was like saying "close but no cigar" when I thought I was getting a cigar. Future resale buyers go in knowing they get no cigar. Would the lack of perks at initial purchase have stopped me? No, I did not buy for perks. I bought to have a room reservation for years to come.

We head down once a year for a week long trip. For the past three trips we have rented points, using these trips as our "test drives". So, we bought a gateway contract....small and not nearly enough but surely to lead to more. Frankly, we spent very little in comparison to many. But, this kind of took the warm and fuzzy feeling out off the purchase. Not the potential loss of perks, but the perception of member class and a feeling of if they do this in this way what could be next? Will we add on despite of this? Odds are yes, but time will tell...we intend to stand firm for a bit and see what shakes out.

One impact this policy would have had on us (had they not reversed) was the additional trips. As I said we go once a year for a week. But with the AP discount, we were already planning additional trips above and beyond our DVC stay. We thought why not? We would have the tickets, saved $800 on APs, and live fairly close. We can sneak in an additional extra long weekend and maybe an additional weekend or two. Those are stays above and beyond our DVC stay/usual one week. Those are dollars spent on room, food, merchandise, food, food...you get the idea. Without the AP discount? Yeah, probably would not be making those trips and would stick to the once a year. The up front cost savings justify the additional spending in a warped Disney mind.

I appreciate reading everyone's thoughts here and I now return to the shadows.

Wait for me!!

 

[Ohana2011]

Getting all of the legal documents isn't very feasibly. For resale you have to investigate in other ways like on this BBS. But in reality you're assuming those risks and more by doing so. That's why I say it takes some degree of experience for AT LEAST 2 of the 3 (DVC, Timeshare in general, Disney on property) and 6 months of active investigation before being ready to buy. In reality resale buyers should be far ahead of retail buyers in this area. They aren't in a position to make a decision at the moment and the very nature of ways to investigate enough to have an idea of how the system works gives you a lot better feel for the systems in and outs than does a sales presentation. I guess I don't see it as a debacle, in a sense it was inevitable with the only questions being when and how. To me any resale buyer should know this is a risk in general terms prior to signing.

And I didn't. I admit. But to learn the hard way is better than not learning at all, Grasshopper.

 

[Dean]

And I didn't. I admit. But to learn the hard way is better than not learning at all, Grasshopper.

It depends, learning everything the hard way only has 2 possible end points and neither of them are good. For timeshares those can be very expensive lessons.

 

[hayesdvc]

I know this would never happened, however, I wonder how many members that purchased resale will be winners of the Silver Anniversary Sweepstakes ?

 

[Ohana2011]

It depends, learning everything the hard way only has 2 possible end points and neither of them are good. For timeshares those can be very expensive lessons.

Agreed... I have to say though, I am comfortable with the price we bid & the outcome at this point. If they take away my perks later - so be it. I can't speak for others in this thread as they have their own feelings on the subject. I understand there are risks to real estate, timeshares, stocks, etc. I wouldn't get involved if I couldn't think of at least 1 good reason to... The overwhelming feeling of gratitude when I walk into MK with my hubby, daughter, and Direct DVC cousins is my 1 good reason. I am grateful for my health so I can be there in that moment & the gratitude to be able to have the means... The joy it bring to my daughter and her Direct DVC cousins... Well, that's the benefit that far outweighs the risk in my mind.

 

[southerngirl528]

The overwhelming feeling of gratitude when I walk into MK with my hubby, daughter, and Direct DVC cousins is my 1 good reason. I am grateful for my health so I can be there in that moment & the gratitude to be able to have the means... The joy it bring to my daughter and her Direct DVC cousins... Well, that's the benefit that far outweighs the risk in my mind.

And it's those kind of warm, fuzzy feelings that most of we DVC member associate with DVC. The memories I have with my brood while staying in a DVC resort are beyond priceless. I will treasure them until I leave this earth. And the wonderful thing is that I have many years more to look forward to. And THAT is the kind of perk that is an intangible worth far, far more than any other IMHO. Many happy DVC years to you, Ohana2011!!

 

[Sammie]

I thought we had established that DVD must be paying for the parties, otherwise, they couldn't make this change.

And I think the pp did make their point to the manager of VB, who most likely is concerned with all aspects of the resort, regardless of division. If desk staff behavior interfered with gift shop profitability, it makes sense that he should be concerned with that.

Yes, yes it is DVD and as I explained earlier I am thinking DVD but always type DVC. Sorry.

And Yes the manager is definitely concerned with all aspects of the resort. However I just happen to be one of those people that if I left my Member Card at home, never would I complain about someone doing their job. We have all been told it is necessary to have. I keep mine with my driver's license. If I forget it, the blame is on me.

It just seems to me some have trouble with the written guidelines: To receive any Membership Extras, purchasers must present a valid Disney Vacation Club Membership Card along with a corresponding valid photo ID.

On our last trip, I put my driver's license in my park bag and my member card too. I forgot to transfer them to my regular wallet and walked down the resort store and went to use them for discounts and realized they were in my other bag. I simply did not get the discount that time, as it was my bad, not theirs. So many workers now a days do not do their job, I am not going to give them a hard time for doing it.

 

[skier_pete]

One impact this policy would have had on us (had they not reversed) was the additional trips. As I said we go once a year for a week. But with the AP discount, we were already planning additional trips above and beyond our DVC stay. We thought why not? We would have the tickets, saved $800 on APs, and live fairly close. We can sneak in an additional extra long weekend and maybe an additional weekend or two. Those are stays above and beyond our DVC stay/usual one week. Those are dollars spent on room, food, merchandise, food, food...you get the idea. Without the AP discount? Yeah, probably would not be making those trips and would stick to the once a year. The up front cost savings justify the additional spending in a warped Disney mind.

This brings up a good point - while I understand why Disney is trying to differentiate Direct and Resale, taking away the AP discount really is hurting themselves more than helping sales. As @Mays99 says - with an AP, they might consider planning more than one trip in a year. We feel the same way, as we are approaching trying to fit in 4 trips (two week long and two weekends) in a year in 2017-2018. Without a discounted AP, the two week-long trips would probably still happen, but the weekends would not. So, it's a good chance if they took away my $400 AP discount (for DW and I) they would lose about $2000 worth of spending over those two trips. And I can't be the only one. That doesn't seem like the smartest of moves.

 

[Ohana2011]

I know this would never happened, however, I wonder how many members that purchased resale will be winners of the Silver Anniversary Sweepstakes ?

And it's those kind of warm, fuzzy feelings that most of we DVC member associate with DVC. The memories I have with my brood while staying in a DVC resort are beyond priceless. I will treasure them until I leave this earth. And the wonderful thing is that I have many years more to look forward to. And THAT is the kind of perk that is an intangible worth far, far more than any other IMHO. Many happy DVC years to you, Ohana2011!!

Thank you, Southerngirl! Many happy DVC years to you as well. Fingers crossed we learn our fate with ROFR in the next few weeks. We'll get there eventually!

 

[disneynutz]

And it's those kind of warm, fuzzy feelings that most of we DVC member associate with DVC. The memories I have with my brood while staying in a DVC resort are beyond priceless. I will treasure them until I leave this earth. And the wonderful thing is that I have many years more to look forward to. And THAT is the kind of perk that is an intangible worth far, far more than any other IMHO. Many happy DVC years to you, Ohana2011!!

With all respect it isn't being a DVC owner that causes you to have those feelings, it's you. You can rent a DVC reservation to save money and still experience almost the same WDW as an owner.

Bill

 

[southerngirl528]

With all respect it isn't being a DVC owner that causes you to have those feelings, it's you. You can rent a DVC reservation to save money and still experience almost the same WDW as an owner.

True, bill. True. And thank you. But it sure is nice to not have to do anything but plan ahead a little and either hop online or call MS and snag that rez on points. I would never, ever had been able to book all those GV weeks if not.

 

[disneynutz]

True, bill. True. And thank you. But it sure is nice to not have to do anything but plan ahead a little and either hop online or call MS and snag that rez on points. I would never, ever had been able to book all those GV weeks if not.

I see your point, I would feel bad though if readers attributed too much feel good credit to the DVC. Millions of non DVC owners visit Disney yearly and they have the same wonderful feelings. I think that it starts with those darn WDW TV commercials, makes me want to book a 30% off stay and I have points to use!

Bill

 

[freediverdude]

And for me it's a bit more than just being able to make the reservations too, I still can't quite believe that I own a small piece (2 now actually) of a building at the Polynesian for 50 years (well 49 now). The Polynesian is just so iconic and one of those historical Disney things, it's like saying you own a piece of Adventureland or something- what? I own what? Lol.

And then finding out that the pieces of the units that I own are pieces of the Moorea building, and that they're units that face out towards the lake and can see the castle, it's even more magical. I know, I'm not ever guaranteed to stay in those particular rooms, but it's still weird to think that I own pieces of those rooms that I see every time going by on the ferry to MK.

 

[ziravan]

And for me it's a bit more than just being able to make the reservations too, I still can't quite believe that I own a small piece (2 now actually) of a building at the Polynesian for 50 years (well 49 now). The Polynesian is just so iconic and one of those historical Disney things, it's like saying you own a piece of Adventureland or something- what? I own what? Lol.

And then finding out that the pieces of the units that I own are pieces of the Moorea building, and that they're units that face out towards the lake and can see the castle, it's even more magical. I know, I'm not ever guaranteed to stay in those particular rooms, but it's still weird to think that I own pieces of those rooms that I see every time going by on the ferry to MK.

You're a dork.

I say that as a complement. I agree with you.

 

[freediverdude]

I see your point, I would feel bad though if readers attributed too much feel good credit to the DVC. Millions of non DVC owners visit Disney yearly and they have the same wonderful feelings. I think that it starts with those darn WDW TV commercials, makes me want to book a 30% off stay and I have points to use!

Bill

I know, don't ever underestimate Disney marketing! They can tug at those heartstrings like you're a puppet, until you just take out your wallet and hand it them. Here, take whatever you want, lol.

 

[Ohana2011]

I know, don't ever underestimate Disney marketing! They can tug at those heartstrings like you're a puppet, until you just take out your wallet and hand it them. Here, take whatever you want, lol.

Agreed - but it's somewhere I went with my family as a kid and now I get to share it with mine.

 

[Dean]

I know, don't ever underestimate Disney marketing! They can tug at those heartstrings like you're a puppet, until you just take out your wallet and hand it them. Here, take whatever you want, lol.

IMO Disney is good at the general marketing and poor at the micro marketing. A general guess is they get about 10% of the people in for sales tours compared to what they could/?should and sell about half or less what they could/?should for those that do tour. OF course they'd have to have more inventory than they do if they did a better job. I'd agree the emotions play a big part but I don't think DVD is good and turning those into sales.