Andy Berry from DVC Resale Market joins the show to discuss the resale market in November 2021. We discuss Disney's Right of First Refusal, Average Sales Prices, Inventory Analysis, Most Economical Resorts to Own, and some new programs at Monera Financial. Episode 182
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DVC Resale Market – Industry Leader in DVC Resales
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Monera Financial – Exclusively Financing DVC Contracts
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DVC's Most Economical Resorts to Own as of Fall 2021 – Copper Creek and Polynesian rise to the top of most economical resorts to own based on relatively low dues and more years available on the contracts.
Average Sales Prices for November 2021 – The big story here is that prices are consistently high for three months straight. There was a little bit of normalized deviation in pricing; however, for three months straight we've seen high prices. This tends to set a stabilization point for new higher prices.
Right of First Refusal for November 2021 – Disney has shifted focus from Old Key West to Saratoga Springs and Animal Kingdom. Saratoga now leads the way with the highest number of buybacks for the year.
Chad points out a pro-tip on Passing ROFR in December
If you're worried about passing ROFR, get an offer submitted to Disney before Christmas. You may get a contract under the tree. For the last few years, as a Buyer, I noticed that Disney completely cleared out their ROFR queue in December and passed everything so that families would receive some very happy phone calls from their agent on Christmas eve about passing ROFR. While passing ROFR is never a given, we have noticed this trend in the last few years.
Inventory Analysis – we're up to 400 active listings. Andy anticipates the annual dues statements will be mailed out within the next week and that will lead a lot of families to list their contracts over the 4-6 weeks. We anticipate listings will grow. The good news is that families also tend to receive larger cash gifts at Christmas time and the amount of buyers also increases.
Monera Financial Updates: REVISED – They're currently waiving a $200 loan processing fee in the month of December for REFINANCES ONLY. (Andy mentioned purchases in the original show that aired. However, the waiver is only for refinancing.) Call them to get exact details and see if your contract qualifies; however, this fee is normally passed on to the consumers but during this promotion, Monera is absorbing those costs. Monera can now finance DVC contracts outside of Florida. They are financing Hilton Head, California, and Hawaii. They're financing and refinancing loans with Disney Vacation Club direct.
Today's show was edited by David Kluver. Show notes by Chad Pennycuff.
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