Nick Cotton joins the show to return to the parks, unique opportunities we have to enjoy the parks during COVID, deals on discounted DVC points, and an update on the DVC rental and resale markets.
Season 4 of the My DVC Points Podcast was made possible through financial support from the DVC Dream Team:
- DVC Resale Market – Industry Leader in DVC Resales
- DVC Rental Store – DVC Point Rental and Swap Partner
- Incredible Vacation Homes – Luxury Vacation Homes for Family Gatherings
- Be Our Guest Vacations – Travel Agent for DVC Point Swap Programs
- Monera Financial – Exclusively Financing DVC Contracts
- Patreon supporters in the My DVC Points VIP Producer Club.
Nick Cotton joins the show to discuss returning to the parks. We discuss crowds, changes to the parks, character meets, and cavalcades vs full-blown parades. If you're an attraction person, it's a great time to go as most rides have a 30 minute or less wait time. The parks are currently open for 10 hours a day, which will be constricting to 8 hours in September. However, we low crowd levels in the parks, most families are able to experience everything within 4-5 hours. As a result, at the end of the day, most attractions are walk-on.
One of the opportunities from the pandemic is increased availability within the Disney Vacation Club. We're in a unique time when numerous owners cannot use their points. Some are staying home for health reasons and some are international owners and prohibited from crossing borders. Because so many people cannot travel, there are well over 1000 confirmed reservations available on DVC Rental Store. Points normally rent for $18 to $22 per point. However, points that are expiring soon are called distressed points. These points are available at $10, $12, $14 and $16 per point. Historically, a confirmed reservation does not have any wiggle room. However, given the unprecendented availability in DVC right now, Nick encouraged people to reach out to DVC Rental Store and see if they can modify the reservation to meet your needs. Normally, this isn't an option because rooms are booked. However, Nick encouraged listeners to try. Chad commented that current members can always look at DVCMember.com and Nick offered up DVCVacations.com as a public availability tool. $10 a point is cheaper than the dues at Vero Beach. Chad suggested renting out your points at $16.50 a point and using some of the distressed points as a way to help stretch your points and vacation budgets.
Nick also did a brief market update. This summer has been record highs for DVC Resale Market. Points are selling at all time highs. DVC is buying back contracts again. We're seeing about a 10% ROFR rate which is pretty typical for DVC. This isn't a hyper aggressive buyback rate. Nick pointed out that with points being high, it's a great time for sellers. He also indicated that after every major pandemic or down turn the market; DVC historically does very well. So it may be the best time for sellers to get into DVC.
My DVC Points is an awesome community of DVC members. Our positive, respectful, and authentic conversations about Disney Vacation Club designed to help people make informed and educated decisions about what's best for their families. Our content focuses on a Disney Vacation Member lifestyle. We cover everything from buying, selling, renting, picking your next resort or Disney restaurant. Our conversations start on the My DVC Points Podcast and DVC Newscast and continue on our Facebook Group and our live shows multi-streamed to Facebook and YouTube. Please download our smartphone app. Play Trivia with us every Friday night at 9 PM Eastern at Mouse Quiz!
It takes an awesome community of DVC members to produce our content. We're always recruiting people to help research, produce, edit, or join our shows to share their stories. We've had over 200 DVC members on our podcasts and live shows. Please consider supporting our show through our VIP Producer's Club at Patreon.com.
“Our Team Will Podcast for Dole Whips”
Chad Pennycuff on the My DVC Points Patreon Program