GF point rental rates

[havertown]

Hi all,

Anyone care to venture what price the market will bear for GF points to rent? I may buy a 60-70 point contract next week but I may not be able to use my points for 2-3 years.

Curious to know everyone's thoughts.

Thanks!

 

[a742246]

I don't know about anyone else but I would go up to $15 a point.

 

[ELMC]

Given that the standard point broker rental price is $14, I think that the number for VGF will be somewhere in the $16-18 range, based on the availability of points for rent. Of course, this all goes out the window if people find that they can book at the 7 month window using points from any resort.

 

[jlewisinsyr]

Outside of the peak seasons around the holidays, pretty much the same rate as all of the other resorts because most resorts and room classes you can book at the 7 month mark in most seasons.

 

[DPCummerbund]

Outside of the peak seasons around the holidays, pretty much the same rate as all of the other resorts because most resorts and room classes you can book at the 7 month mark in most seasons.

I've never seen rental rates differ from one property to the next. On the boards here, different people ask for different amounts based on their situation, but AFAIK most of the companies that rent points charge you a flat rate, and just ask for a priority list of your preferred resorts. At least from my experience, there's no premium on certain resorts - just limited availability.

Secondly, VGF isn't being offered at a price premium (or at least not much of one); the rooms just have a point premium as compared to the same resorts at the same time. So, you're going to pay more for VGF, but in actual points, not points per dollar.

 

[MickeyFan612]

I think $16-18 range sounds good- Other resorts are renting easily for $13/ point within the 11 month booking windows so I don't see why VGF would not rent for a premium- especially for those standard view studios that now sleep five-) If I thought I could find someone to rent from this next year it might have made me rethink my recent 40 point add on at VGF-)

 

[ELMC]

Outside of the peak seasons around the holidays, pretty much the same rate as all of the other resorts because most resorts and room classes you can book at the 7 month mark in most seasons.

I've never seen rental rates differ from one property to the next. On the boards here, different people ask for different amounts based on their situation, but AFAIK most of the companies that rent points charge you a flat rate, and just ask for a priority list of your preferred resorts. At least from my experience, there's no premium on certain resorts - just limited availability.

Secondly, VGF isn't being offered at a price premium (or at least not much of one); the rooms just have a point premium as compared to the same resorts at the same time. So, you're going to pay more for VGF, but in actual points, not points per dollar.

I think that you are both overlooking the fact that between its small size, lack of availability due to the fact that not every room is in the DVC system yet and the appeal of being new, VGF is not going to behave like the other WDW DVC resorts for some time. I think it will parallel VGC, and I haven't even seen a post advertising VGC points for rent.

 

[drusba]

It is an unknown entity for rentals. The possibility of a higher per point rental price is offset by the fact that renters look at how much it costs to get a room to stay for a particular period of time and that price for VGF even at current rental rates is going to be substantially higher than anywhere else because of the high daily point requirements. e.g., if you try to rent at $18 a point ($4 more than the highest going rate today), that would mean for a week in a VGF lake view studio in magic season you would be charged $3582 (199 points) at $18 a point, when you know you can get BLT lake view for only $2142 (153 points) or BWV pool/garden view (132 points) for only $1848 at $14 a point; that total difference will likely have a much more sobering effect on decisions made than just looking at it as only being the difference between $14 and $18 a point. My personal sense is that there are unlikely to be many rentals available for a while and the few earlier ones may go high because of high demand times but likely it will eventually be in the same range as others per point if it actually becomes a place where rentals are avaialble.

 

[jlewisinsyr]

I think that you are both overlooking the fact that between its small size, lack of availability due to the fact that not every room is in the DVC system yet and the appeal of being new, VGF is not going to behave like the other WDW DVC resorts for some time. I think it will parallel VGC, and I haven't even seen a post advertising VGC points for rent.

Size is not all that much different then BCV and rental rates don't vary much. The lack of rooms is very short term on a whole. You can have high expectations, but reality is, any variation outside the norm will be short lived and/or very spot.

 

[sweetdana]

I think it would be hard for a rental company to change prices, as it will not be the newest, fastest, best, out after Poly is built. (We will then have BLT, GF, and POLY all to reserve at 7 months, certainly helping availability.)


I would say if you got a high demand ressie, you could look at getting a significant premium as usual on Ebay, *** but it is a risk too.. or maybe 15$ - 20$ right away from the rent/trade board possibly a transfer even. I do not think the whole rental market will change for 1 resort. I also think the newness will wear off just like it did for BLT.

 

[LSchrow]

I think the newness will wear off just like it did for BLT.

as much as i would love to own at the GFV (we have enough points now), i also foresee some ease of booking at the 7 month window in 2-3 years (albeit, not certain categories during certain seasons - just like the other, smaller resorts).

people looking to rent DVC points almost always mention the cost savings, not that they want to stay at the newest. a small premium might be feasible, but (as drusba beautifully outlined) higher points per night combined with a higher rental cost per point would likely cross the resort off most renters list.

 

[crisi]

Size is not all that much different then BCV and rental rates don't vary much. The lack of rooms is very short term on a whole. You can have high expectations, but reality is, any variation outside the norm will be short lived and/or very spot.

I agree, you also don't get a price premium renting 11 month Boardwalk Villa standard views or Boardwalk views for Food and Wine. Or Grand Villas. Or VALK conceirge or BLT Standard view. Nor are plentiful SSR rooms discounted. Its one of the ways the market isn't working according to optimal simplistic economic theory (probably because this isn't simple) and I would be very surprised if it was THIS DVC resort that suddenly kicked in some sort of supply demand price awareness. I certainly wouldn't buy on that assumption.

 

[awilliams4]

Given that the standard point broker rental price is $14, I think that the number for VGF will be somewhere in the $16-18 range, based on the availability of points for rent. Of course, this all goes out the window if people find that they can book at the 7 month window using points from any resort.

Wow! That would be nice.

 

[hakepb]

Is it no longer taboo renting a "speculative" week here if you legally own a fixed week?

 

[drusba]

Is it no longer taboo renting a "speculative" week here if you legally own a fixed week?

That is a very interesting question for the moderators. If in fact an owner who frequently uses this site owns a set week, can he attempt to rent it on the rent/trade board without being subjected to the limitation that a confirmed reservation cannot be posted for rent except 30 days or less before the arrival date?

 

[tjkraz]

Sellers can ask whatever price they wish.

The good news is that it only takes one person willing to pay a higher asking price in order to seal a deal.

The bad news is your market is pretty narrow: people looking to book VGF more than 7 months in advance, need the number of points you're offering and are willing to pay the premium rates. And there has to be availability for their desired view / villa size, of course.

If other VGF owners are renting for more traditional prices, they will undercut any attempt at higher rates. Some owners would gladly accept $1-2 less to complete the deal quicker.

 

[DPCummerbund]

I agree, you also don't get a price premium renting 11 month Boardwalk Villa standard views or Boardwalk views for Food and Wine. Or Grand Villas. Or VALK conceirge or BLT Standard view. Nor are plentiful SSR rooms discounted. Its one of the ways the market isn't working according to optimal simplistic economic theory (probably because this isn't simple) and I would be very surprised if it was THIS DVC resort that suddenly kicked in some sort of supply demand price awareness. I certainly wouldn't buy on that assumption.

I agree with this completely.

Renting points is confusing enough as it is. I think most renters, such as myself, are simply trying to book a Deluxe resort at Moderate prices. Charging a premium negates that - if the price approaches Disney prices, the risk of dealing with an unknown renter, difficulty/unavailability of cancellation, etc. make it not worth the while.

For those of us who are eagerly awaiting a DVC at the Poly, the next few years of VGF rental rates, rental/booking availability, resale costs/availability, etc. will offer a good preview of what we can expect from the Poly.

 

[wdrl]

For those of us who are eagerly awaiting a DVC at the Poly, the next few years of VGF rental rates, rental/booking availability, resale costs/availability, etc. will offer a good preview of what we can expect from the Poly.

Maybe, maybe not. The rumors being floated by Tikiman about the Poly DVC call for as many as two T-shaped, 5-storied buildings, plus one or two existing longhouses being razed/remodeled for the DVC. In addition, there are rumors of villas being built out onto the lagoon. VGF has but one T-shaped building.

If Tikiman's rumors turn out to be true, then the Poly DVC may be 3 or even 4 times larger than VGF, which only has 100 vacation homes. Given its smaller size, VGF may not be a good indicator of what to expect with a Poly DVC when it comes to rental rates, availability, etc.

 

[CarolMN]

That is a very interesting question for the moderators. If in fact an owner who frequently uses this site owns a set week, can he attempt to rent it on the rent/trade board without being subjected to the limitation that a confirmed reservation cannot be posted for rent except 30 days or less before the arrival date?

It hasn't been discussed, but since an owner of a fixed week can opt out as late as 31 days prior to arrival and get the points for the fixed week, I personally do not see this as any different than a confirmed reservation. YMMV.

Also, I wouldn't want to be in the business of determining who bought fixed weeks vs points.