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First VGF resale contracts hit the market

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

  1. KAT4DISNEY

    KAT4DISNEY Glad to be a test subject

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    I'd be very very surprised if it did get ROFR'd.
     
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  3. DenLo

    DenLo DIS Veteran

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    It will be interesting to see what happens, that is if anybody buys it.
     
  4. lovin'fl

    lovin'fl DIS Veteran

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    Both contracts are now listed as 'sale pending'.
     
  5. Deb & Bill

    Deb & Bill DVC-Trivia Contest, Apr-2006: Honorable Mention

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    Or could be two Dept of Defense civilian employees who just found out they are going to be let go at the end of Sept.
     
  6. lodge

    lodge DIS Veteran

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    I'm hoping the detail doesn't mean you know of this personally.
     
  7. Deb & Bill

    Deb & Bill DVC-Trivia Contest, Apr-2006: Honorable Mention

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    I do know of RIFs in the DOD coming the end of Sept, but I don't know anyone who works for the DOD who just bought GFV.
     
  8. disbound09

    disbound09 Mouseketeer DVC Gold

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    Disappointing if these sold for 130.00 I was hoping in future years it would have more of a spread like $105 pp and I would add on. Thinking the Poly addition will help to lower the future cost...maybe? We got a VGF one bedroom for Halloween this year even though we are owners at SSR. I think we will be spoiled by the amenities and convenience. Just have to wait and see I guess.
     
  9. sndral

    sndral DIS Veteran

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    Assuming the sellers put 10% down and paid closing costs $130 pp allows them to walk away w/out bringing money to the table - they've lost their down pmt. and closing costs but have escaped a monthly pmt and MFs.
    So my guess is impulse buy and when the reality of paying the monthly debt hit they wanted out.
     
  10. MoreTravels

    MoreTravels Mouseketeer

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    Hmm... BLT these days are reselling for $105. I don't think it is reasonable to expect VGF selling less than BLT, considering it has longer expiration date, if you believe they are at par in luxurious factors.
     
  11. Minniesgal

    Minniesgal DIS Veteran

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    I disagree considering Disney is selling it for quite a bit less direct.
     
  12. tjkraz

    tjkraz <img src="http://www.wdwinfo.com/images/silver.jpg

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    Unless sellers completely undervalue the product, $130 per point is a completely reasonable asking price.

    Losing $15 per point for owning 2-3 months is bad enough. There's absolutely no justification for sellers taking a 30% mark-down for a low supply / high demand property which has already experienced its first direct price increase.
     
  13. jerseyduke

    jerseyduke DIS Veteran

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    How are you coming up with low supply? VGF is over 80% UNSOLD. One phone call and 20 minutes is all it takes to buy.
     
  14. Missyrose

    Missyrose DIS Veteran

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    I think he meant low supply of resale VGF contracts.
     
  15. tjkraz

    tjkraz <img src="http://www.wdwinfo.com/images/silver.jpg

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    Low resale supply.

    It only takes one phone call to buy resale for $20 less than Disney's price. That's $2000 on a 100 pt contract. Worth a little extra wait for most buyers.

    If I were selling this soon after buying, personally I'd list for no less than $140. If nobody bought after a couple months, I'd consider going lower. But I'd be shocked if there wasn't a single buyer who didn't want to save $1000 on a 100 pt VGF contract.
     

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