First VGF resale contracts hit the market

Discussion in 'Purchasing DVC' started by Missyrose, Aug 20, 2013.

  1. Missyrose

    Missyrose DIS Veteran

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    Saw the tweets from the broker a little while ago. Two contracts, both Dec. UY. 100 points and 35 points. $130 per point each.
     
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  3. twinsouvenirs

    twinsouvenirs Mother of Dragons :)

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    How is that even POSSIBLE!

    Serious and immediate buyers remorse? Huge life event?
     
  4. lovin'fl

    lovin'fl DIS Veteran

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    Maybe someone who wanted a fixed week instead....:confused3
    It's kind of crazy to be selling this soon. Have they even been able to stay there yet (it opens in Oct, right?)?
     
  5. marsh0013

    marsh0013 i want to drive the zamboni

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    I would imagine it's stripped. Right? 2013 and 2014 points being used right around opening, and closing delayed until the trip is complete? Or 2013 and 2014 points were transferred out, somehow the seller thinks they're making a profit? Would it even be possible to come out ahead?

    Edit- just saw its dec use year. So I guess the trip right around open using 2 years of points doesn't make sense, unless closing is pushed to December.

    Edit #2 - it's it full points on both how in the hell? Gotta go with pp who said major regret or life event
     
  6. Sur

    Sur Love the Dis

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    With the higher closing costs, buyer wouldn't be saving much at all, if anything. I am surprised, though, that they aren't pending.
     
  7. twinsouvenirs

    twinsouvenirs Mother of Dragons :)

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    It can't be stripped because we GVF owners can't use our points till the resort opens in Oct... although i suppose if they had one booked and then a delayed close...
     
  8. lovin'fl

    lovin'fl DIS Veteran

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    They could have used the points to book another resort, though that would be kind of silly.
     
  9. Breyean

    Breyean DVC Since '93

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    I'm pretty sure when I bought Aulani before it opened I wasn't allowed to use the points ANYWHERE until Aulani actually did open.

    It was a few years ago so i could be wrong about that. And then again, VGF might be different anyway.
     
  10. Joey7295

    Joey7295 DIS Veteran

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    They can't use the points until the resort opens, but they can make a reservation and then then closing would be after the reservation is completed. They also could have transferred the points.
     
  11. crisi

    crisi DIS Veteran

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    Illness, job loss, divorce, death....stuff happens.
     
  12. lovin'fl

    lovin'fl DIS Veteran

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    I didn't know that...learn something new every day....huh.
     
  13. dbs1228

    dbs1228 DIS Veteran

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    Even with closing cost on the 100 point contract you are looking at about 135.00PP which is a savings of over 1500.00 from Disney.
     
  14. MoreTravels

    MoreTravels Mouseketeer

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    But you lose all the direct purchase benefits such as DCL, for only $10 difference... not worth it.
     
  15. frank808

    frank808 DVC Member

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    Actually closing costs are closer to $700 than $500. At $137 a point you are saving $1300 over direct.
     
  16. LisaS

    LisaS DIS Veteran

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    You are correct. When you use Aulani points to book a different resort, you are essentially trading a room at Aulani for a room somewhere else. Until Aulani opened (or more specifically, until the specific Unit you purchased at Aulani opened) you had nothing to trade so you could not use your Aulani points anywhere until that time.
     
  17. twinsouvenirs

    twinsouvenirs Mother of Dragons :)

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    I would think that if they had a vacay booked, the listing would not show full points. We have one booked after it opens and our points reflect the booking.
     
  18. lovin'fl

    lovin'fl DIS Veteran

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    What are direct closing costs now...like $200 for the 100 point VGF? So, $500 more via resale (though why $700 via resale...I bought AKV 100 points resale in Feb and paid like $450) . But if $700 (though less the $200 you'd pay direct), for 100 points that's $5pp and makes the price $135pp which is $1500 cheaper than direct. Worth it to me (maybe not so much for the 35 pointer).
     
  19. jerseyduke

    jerseyduke DIS Veteran

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    I do not think you can book anywhere else until it opens. On DVCMember.com, if I look for something prior to 10/23 it will not even show me inventory at other resorts, it tells me the resort is not available.

    Which broker? (just some initials will do)

    Certainly reasons why someone would sell, but good luck getting 130 a point.

    Direct is certainly worth 20 per point to me. Unrestricted, and done in one phone call.
     
  20. z28wiz

    z28wiz DIS Veteran DVC Gold

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    I believe if its two contracts from the same owner you can combine them on one deed and closing would be a lot less. I did that with some OKW contracts I bought.
     
  21. awilliams4

    awilliams4 DIS Veteran

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    Seen GFV points renting for $17.50 per point!!! At that rate, you can rent out the 200 and apply $3,500 to the overall cost of the 100 point contract.
     

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