First VGF resale contracts hit the market

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

  1. z28wiz

    z28wiz DIS Veteran DVC Gold

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    Yeah those were the points I rented the other week at $17.50 :) I have more points Ill probably rent later in the year. But back to your point yes they would get 3500 but thats two years worth of points. That nets you about 1200 a year minus dues and such. It would take the person 12-13 years to break even on their purchase if they can get a spread of roughly 12 per point on renting at $17.50.
     
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  3. madhavok

    madhavok Earning My Ears

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    Where is this contract listed?
     
  4. 77kool

    77kool Earning My Ears

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    Closing costs are actually closer to $450 or $500. That's what **** told me when I inquired about a 150 point contract back in April.
     
  5. z28wiz

    z28wiz DIS Veteran DVC Gold

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    Its roughly about 550 if you buy both I believe, since its one closing. Also what stops someone from offering a little less either.
     
  6. bman388

    bman388 Earning My Ears

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    DW buys GFV contract without telling DH. Said DH threatens DW with Divorce if she does not sell it. Said contract is then the first to hit resales!
     
  7. lodge

    lodge DIS Veteran

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    I'd call the bluff!
     
  8. Trooper8286

    Trooper8286 TK8286

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    I remember a time I bought a computer and was at home taking it out of the box........wife comes in and makes a strong suggestion that I return it to the store......:rotfl2:
     
  9. jerseyduke

    jerseyduke DIS Veteran

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    Threatens or promises? Potato - Po-tato
     
  10. frank808

    frank808 DVC Member

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    She told me with title insurance it would be a little less than $700. $500 is without title insurance.
     
  11. dbs1228

    dbs1228 DIS Veteran

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    Just purchased at 225 point resale closing costs were 525.00. DVC charges closing also which I did not take into consideration so I stand by a minimum savings of 1500.00 just on the 100 point contract - more savings if both contracts are purchased together and someone is charged 1 closing cost. I would give up direct benefits for 1500.00 savings - but then again if I was to buy GF I would be buying to stay there or rent the points so to me there is no value in a direct purchase.
     
  12. katieam1

    katieam1 DIS Veteran

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    I just saw that myself got the email from the broker for new listings.
     
  13. Minniesgal

    Minniesgal DIS Veteran

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    No you are correct points cannot be used anywhere until the resort opens.

    I guess it must be a huge unexpected life event as I can't see a logical reason why anyone would be in this situation by choice
     
  14. Minniesgal

    Minniesgal DIS Veteran

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    Closing costs are highly variable depending on the broker and the closing agent and where the owner lives
     
  15. Minniesgal

    Minniesgal DIS Veteran

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    Sounds a bit extreme
     
  16. NHTikiBeckie

    NHTikiBeckie DIS Veteran

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    Good luck booking any of those direct purchase incentives with 100 points though...
     
  17. DenLo

    DenLo DIS Veteran

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    Wow, the owner is losing money right away just based on the asking price. This purchase and resale must really sting. I would not be surprised that it gets ROFRd.
     
  18. Breyean

    Breyean DVC Since '93

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    The 100 point one is marked as Sale Pending.
     
  19. Missyrose

    Missyrose DIS Veteran

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    There's no way Disney ROFRs at $130 or anything close to that. They have plenty of points to sell at far higher profit margins.
     
  20. dbs1228

    dbs1228 DIS Veteran

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    I would be really surprised (shocked) if Disney even looked at it for a second - cannot see that it would be remotely worth it to them for 15.00PP not worth their time and they have plenty of active sales to sell! Feel bad for the seller obviously something happened in a short amount of time.
     
  21. jerseyduke

    jerseyduke DIS Veteran

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    Exactly. The only thing Disney will do with this in terms of ROFR is hold it up.

    VGF is about 88% UNSOLD. Them exercising ROFR for what amounts to 20$ profit per point...

    They will just make it inconvenient.
     

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