Minniesgal
DIS Veteran
- Joined
- Mar 29, 2013
Why does this not surprise me...
how much per point direct for GF?
- Thread starter mrsmickeywaffles
- Start date
Why does this not surprise me...
wdrl
DIS Veteran
- Joined
- May 15, 2009
There are a number of factors that affect the amount of points DVD has available to sell for VGF and the other 'sold out' resorts. As I mentioned before, there are always some sales in the pipeline that have not closed. Usually, DVC sales close in 2-3 weeks, but there are times when a buyer sits on a deed for months before they return the paperwork. Three or four month delays are not that unusual and occasionally there will be a buyer that doesn't return the paperwork for six months . There are probably a few customers who never return the paperwork but I don't know how long DVD waits until it finally gives up on them. Until DVD decides to cancel the pending transaction, those points can't be sold to another customer.
Another factor involves the number of points reacquired by DVD. In June 2015, DVD reacquired 1,500 points: 520 points via foreclosure and 980 points via buybacks. Through July 27, 2015, DVD has only reacquired 210 points. The more points DVD reacquires, the more points it has available . . . but not necessarily right away. The deeds reacquired by DVD could be stripped of some or all of their current year's points. The 210-point deed reacquired by DVD in July had an August Use Year, but I don't know how many, if any, points it had left for 2014 or 2015. If it was completely stripped with no points available until August 1, 2016, then DVD won't sell those points until August 2016 at the earliest.
Yet another factor affecting DVD's available point inventory depends on how DVD is using its own points. As most of you know, DVD is required to retain at least 2% of a resort's total points for itself. It can keep more than 2% (which is often the case), but is prohibited from keeping less. DVD can use the points it owns in different ways. It can use them for cash reservations, it can use them for marketing, or even let them sit idle and unused. For example, DVD could have used 148 of its own VGF points to fund a 7-night Lake View Studio cash reservation for this September. If the cash guest were to cancel the reservation today, then DVD would suddenly have an extra 148 points freed up that it could sell as part of a DVC deed (assuming DVD did not need to retain those points to satisfy its 2% holding at VGF).
As you see, DVD's inventory of points available to sell to the general public can be very fluid and changing from day-to-day. It does not surprise me if there are no points available one day, then hundreds available the next day, and then no points available the day after that.
Another factor involves the number of points reacquired by DVD. In June 2015, DVD reacquired 1,500 points: 520 points via foreclosure and 980 points via buybacks. Through July 27, 2015, DVD has only reacquired 210 points. The more points DVD reacquires, the more points it has available . . . but not necessarily right away. The deeds reacquired by DVD could be stripped of some or all of their current year's points. The 210-point deed reacquired by DVD in July had an August Use Year, but I don't know how many, if any, points it had left for 2014 or 2015. If it was completely stripped with no points available until August 1, 2016, then DVD won't sell those points until August 2016 at the earliest.
Yet another factor affecting DVD's available point inventory depends on how DVD is using its own points. As most of you know, DVD is required to retain at least 2% of a resort's total points for itself. It can keep more than 2% (which is often the case), but is prohibited from keeping less. DVD can use the points it owns in different ways. It can use them for cash reservations, it can use them for marketing, or even let them sit idle and unused. For example, DVD could have used 148 of its own VGF points to fund a 7-night Lake View Studio cash reservation for this September. If the cash guest were to cancel the reservation today, then DVD would suddenly have an extra 148 points freed up that it could sell as part of a DVC deed (assuming DVD did not need to retain those points to satisfy its 2% holding at VGF).
As you see, DVD's inventory of points available to sell to the general public can be very fluid and changing from day-to-day. It does not surprise me if there are no points available one day, then hundreds available the next day, and then no points available the day after that.
EllieBride
DIS Veteran
- Joined
- May 13, 2010
So if I were to try this tactic.... would it be worth it to end up with two different Use Years? We currently have an April Use Year and had originally requested that our VGF contract also be an April UY. Perhaps that is part of the reason for our delay? I sent an "I've lost ALL PATIENCE!!!!!!!" email to my guide last week and requested that he forward it to his supervisor and he never even replied. My message was polite, but I told him I was frustrated that I could have closed on a resale by now since we've been on the waitlist for 4 months at this point. Until this point, I haven't bought into the theory of them trying to push us into buying the Poly. In fact, it hasn't even been mentioned.
Sparrow624
"I wash my hands of this weirdness"
- Joined
- Jun 1, 2011
If this is "true" I know some people who have been on the wait list quite a while for 300 plus points who are going to be very angry as well as myself who tried to add on more points direct. I have copied this post and sent it via email to my guide at dvc. If this is in fact true, that is pretty shady business.
- Joined
- Dec 11, 2006
There are things that go on that we never hear about, DVD is in business to sell contracts, we don't know what they are allowed to legally do, what Disney forces them to do, or what their quota is. I do know that if you get to the right people, anything can be done.
Bill
Sparrow624
"I wash my hands of this weirdness"
- Joined
- Jun 1, 2011
You don't want 2 different use years in the long run. You will regret it.
supersnoop
What time is the three o'clock parade?
- Joined
- Nov 13, 2013
I bet if you tried this tactic, they's magically find out that the use year you want is the only one with points available.
idratherbeinwdw
<br><font face="comic sans MS" color=violet>I'll n
- Joined
- Oct 31, 2000
Never mind, found out the answer to my question.
Last edited:
Personal choice, separate use year has worked great for us.
supersnoop
What time is the three o'clock parade?
- Joined
- Nov 13, 2013
Separate use years work great if you use each one for a separate vacation. It gets to be too much trouble when you start trying to combine things. I don't think it's so much "personal choice" as it is "intended use."
Sparrow624
"I wash my hands of this weirdness"
- Joined
- Jun 1, 2011
My guide got back to me and said he is unaware of the ability to sell VGF direct at all. At no point did he offer Poly. You truly must have pulled off a "miracle" there. Albeit a very expensive one at $68,000.00 not including tax and closing if it happened.
gagirldawg95
Earning My Ears
- Joined
- May 29, 2015
As a pp said, it appears that the inventory is constantly fluctuating. i was very polite and calm in my request, but I was also very sincere. Thanks to the information available on great sites like this one, I was able to determine that, for our family, GFV was where we really wanted our home resort to be - especially because there are no 1bdrms at Poly but also for the later contract expiration. I ran through for him what I saw as all our pros and cons, and let them know we would buy GFV resale if we couldn't get it direct. (For me, the uncertainties of resale for this particular resort didn't make it worth the savings, especially when amortized over life of contract. But it would have been preferable to direct for a different home resort.) It took a while before he was able to come back and confirm that there were any points available - and he did emphasize then that this availability can change quickly.
Though I'm really happy with our experience, I don't think they did anything special for me personally - my timing was just perfect for my family's DVC preferences. I suspect that there are reporting requirements and incentives that make a new member a little more attractive to Disney than an add-on member, and that may have influenced their decision to confirm point availability. I had originally intended to buy 210 points, and then add-on to get to 350 in a year or two. But the more I learned about wait listing, the more convinced I became that I was better off buying the larger amount now and having it secured. (And now I'll definitely take that second trip each year.)
I'm lucky, and I thank the great members on this site for helping to educate me!
Though I'm really happy with our experience, I don't think they did anything special for me personally - my timing was just perfect for my family's DVC preferences. I suspect that there are reporting requirements and incentives that make a new member a little more attractive to Disney than an add-on member, and that may have influenced their decision to confirm point availability. I had originally intended to buy 210 points, and then add-on to get to 350 in a year or two. But the more I learned about wait listing, the more convinced I became that I was better off buying the larger amount now and having it secured. (And now I'll definitely take that second trip each year.)
I'm lucky, and I thank the great members on this site for helping to educate me!
4 mickey
4 MICKEY
- Joined
- Feb 25, 2006
Ohh two of my friends are gone be dissapointed
After coming and visits us ( while on a vacation ) at VGF they fell in love with that resort
Of course I understand why whats not to love beautiful resort .. Monorail .. Close to the MK ..
I am quite surprise that ts already sold out and only option is resale
I guess they will have to look into that ( resale )
After coming and visits us ( while on a vacation ) at VGF they fell in love with that resort
Of course I understand why whats not to love beautiful resort .. Monorail .. Close to the MK ..
I am quite surprise that ts already sold out and only option is resale
I guess they will have to look into that ( resale )
jessicaanne86
Earning My Ears
- Joined
- Sep 2, 2014
Did you end up getting the resale contract? I know that Disney is basically buying back most of the VGF because the wait list is so long. I was on the wait list and was able to add a 100 extra points to the 200 at VGF that I already had. I also have paid cash for both contracts. I believe that those extra 100 points were priced at $170 a point. I wanted more but only 100 were available. Still hoping more come up on my end. Are you currently on the waitlist?
jessicaanne86
Earning My Ears
- Joined
- Sep 2, 2014
Have you ever thought about requesting a new DVC sales person? Or the possility of buying from a senior DVC sales person? I have a lovely gal who never pushed me in the direction of a resort that I didn't want to buy into. I think that with what a DVC contract costs and that you were polite in the pursuit of you points for the VGF means you should have at the very least deserved a reply message and acknowledged your frustration. If you need a new DVC agent, I would be happy to send you the contact information on who I work with. She got me a contract for the VGF last month, and is very keen on keeping her eye open for when points become avaliable in the system. Obviously I can't promise anything but I do believe that having a quality agent that is willing to put I extra work for you is the key to buying VGF contracts at the moment. The market is so competitive that you do need your DVC agent to be someone that will go that extra mile because that inventory at the Grand Floridian can fluctuate wildly from day to day and your agent needs to be constantly checking in. That is just my opinion from experience. I have bought 3 contracts from my agent now and she is absolutley priceless in assisting me to get exactly what I want from DVC. I am sorry to hear that you have been waiting so long!
pangyal
#TeamSven
- Joined
- Jul 26, 2014
May I ask where you heard that they were buying back VGF? I have to respectfully disagree
. Every broker I've spoken to says Disney isn't touching VGF at all. The ROFR thread shows nothing bought back either on any of the boards I frequent. As well, they get a lot back through foreclosures.
EllieBride
DIS Veteran
- Joined
- May 13, 2010
jessicaanne86
Earning My Ears
- Joined
- Sep 2, 2014
May I ask where you heard that they were buying back VGF? I have to respectfully disagree
I heard this from one of the DVC sales agent that works directly from the Grand Floridian Villas. I probably shouldn't have said "most" of the contracts as I believe she actually used the word many. I was told that Disney exercises the ROFR when the contract fits a certain criteria of a certain number of points along with a low enough price per point where Disney can make any kind of profit on it. I do know that foreclosures make up some of what becomes available but they definitely are buying back certain Grand Floridian contracts.
pangyal
#TeamSven
- Joined
- Jul 26, 2014
I don't think they're buying back any
. As many others have said, the margin is not high enough for them to make any money off ROFRing VGF. There is no current price point where they would profit for this resort. Others, sure- she might have been referring to other resorts. That's also just a sales tactic to make sure you don't go the resale route. Installing fear about ROFR is one of their oldest tricks!Share this page
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