your guess for date of first gfv resale?

[ELMC]

Ok, I plan to buy 200 points, rent this winter to pay for annual fee / closing costs, enjoy next winter, strip all points in 2015, then resell it back at $145 / pt. By then, a direct sale will be $180 / pt so $145 is very sellable.

So it's like you get to enjoy the vacation for free!

So just to be clear, you are going to tie up close to $30,000 and risk losing a decent chunk of it just to get one free vacation? This plan is awful. You have no guarantees that direct prices will be $180, you have no guarantees that you will be able to get $145 resale, you didn't account for the commission, and there are probably a dozen other things that could go wrong. Nobody should do this, it is a very bad plan.

 

[crisi]

Ok, I plan to buy 200 points, rent this winter to pay for annual fee / closing costs, enjoy next winter, strip all points in 2015, then resell it back at $145 / pt. By then, a direct sale will be $180 / pt so $145 is very sellable.

So it's like you get to enjoy the vacation for free!

People did that with SSR. They were getting a year worth of "free" points as a promotion, so they had three years of points, took a large family reunion type of vacation, and sold a stripped contract. As long as they timed it pre-market crash, it worked pretty well. Those that weren't lucky had their shirts handed to them.

 

[nalajms]

3 nights in the 1st week if Dec. Lake view, $800. Comes out to roughly $11.76 per point.

This makes no sense. Why would someone rent this reservation at 11.76 per point? Considering that most places at WDW are booked and that it's VGF, I would think it would rent at a premium.

The only thing I can think of is they have a Feb/Mar UY and they borrowed the points. Even then, they could rent it out for stays before it expires at $13!

 

[DizBub]

This makes no sense. Why would someone rent this reservation at 11.76 per point? Considering that most places at WDW are booked and that it's VGF, I would think it would rent at a premium.

The only thing I can think of is they have a Feb/Mar UY and they borrowed the points. Even then, they could rent it out for stays before it expires at $13!

I have no clue either. If that were me I would have charged at least $15pp.

I should have mentioned that it's a studio. 3 nights = 68 points. People with a Feb UY will not get their 2013 points. April UY and forward are the only ones getting 2013 points.

 

[ELMC]

No everyone is concerned with getting the maximum value for their points. Also, not everyone is informed, knowledgeable or motivated enough to extract maximum equity from their rentals. Many buyers completely disregard buy in costs when calculating the true cost of DVC, which leads to some pretty skewed financial analyses. The decisions made based on these analyses appear to be even more bizarre. This person is most likely looking for a quick deal. They are receiving $6 per point above their maintenance fees which is obviously enough for them. The fact that it's a great deal will most likely lead to it being snatched up quickly, which is what the owner was probably trying to accomplish in the first place.

 

[BestDadEver]

Ok, I plan to buy 200 points, rent this winter to pay for annual fee / closing costs, enjoy next winter, strip all points in 2015, then resell it back at $145 / pt. By then, a direct sale will be $180 / pt so $145 is very sellable.

So it's like you get to enjoy the vacation for free!

That's extremely risky if you ask me

 

[DVC4FUN]

What were the rates?

I have seen several at $15 a couple at $14 and one at $13.

I would definitely be asking for the higher number. Especially considering the high buy in cost.

 

[geraghty]

Ok, I plan to buy 200 points, rent this winter to pay for annual fee / closing costs, enjoy next winter, strip all points in 2015, then resell it back at $145 / pt. By then, a direct sale will be $180 / pt so $145 is very sellable.

So it's like you get to enjoy the vacation for free!

I'd talk to those that bought the facebook IPO. It's not always a sure thing.

 

[MIALIAS]

So...here's a thread asking the question back.in june

Turns out the answer november!

 

[KAT4DISNEY]

So...here's a thread asking the question back.in june

Turns out the answer november!

Actually the first two VGF contracts to be seen resale happened back in the 3rd week of August. VGF had not even opened yet. They both sold within a few days.

 

[Breyean]

Actually the first two VGF contracts to be seen resale happened back in the 3rd week of August. VGF had not even opened yet. They both sold within a few days.

Yes, and the buyer closed on them about 3-4 weeks ago.