GFV resale odd numbers

[TheDailyMoo]

I watch the aggregator sites daily and what befuddles me is how many GFV resale contracts are either priced horribly in comparison to the current available direct incentives or are actually "pending" with some that have a price per point even WORSE than buying direct. Now of course pending doesn't show what price was agreed to but it can't be too much lower than asking.

These aren't anomalies from what I can tell and some contracts are close to stripped and still asking a price only negligibly below direct pricing. Maybe the smaller contracts make sense in certain situations but I'm seeing larger 150+ point contracts falling into this price oddity. If you are an owner and can add on say 150 points for 161 are you really going to save a couple of bucks buying restricted points at 155? Even 150? Stripped in the $140s? Most other resale prices make sense but GFV resale pricing doesn't to me.

 

[intamin]

There's a fair chance that some of the people who bought resale that high may not have been aware of the incentives that are going on or about the Magical Beginnings incentive. On paper they may just see that it's 217 dollars pp direct and then 150 via resale. You and I both know how good the VGF incentives are because we're on here all the time but a random Joe may not know. Some people may also simply not care and they only want to use the points at VGF and already have direct perks so the extra 3 grand or however much it is means more to them. It also takes awhile for resale prices to adjust to direct pricing so some of these may not reflect the most recent incentives and some owners may for whatever reason be unable to sell it under a certain price point.

 

[TheDailyMoo]

There's a fair chance that some of the people who bought resale that high may not have been aware of the incentives that are going on or about the Magical Beginnings incentive. On paper they may just see that it's 217 dollars pp direct and then 150 via resale. You and I both know how good the VGF incentives are because we're on here all the time but a random Joe may not know. Some people may also simply not care and they only want to use the points at VGF and already have direct perks so the extra 3 grand or however much it is means more to them. It also takes awhile for resale prices to adjust to direct pricing so some of these may not reflect the most recent incentives and some owners may for whatever reason be unable to sell it under a certain price point.

Yeah I can see a combination of those to a degree. I also have a hard time imagining anyone jumping into anything as expensive as DVC without doing a deep dive first. But that's just me and I know many people aren't the same over analyzers. Still I'm surprised GFV resale prices are where they are.

 

[Sandisw]

Don’t be so sure thst some of those contracts aren’t being bought lower. There are times where people have indeed gotten sellers to agree to $20 to $40/off even for VGF…though VGF is probably close to the $20 range.

But, not everyone is aware right now if the deals so that does play a role.

 

[intamin]

Yeah I can see a combination of those to a degree. I also have a hard time imagining anyone jumping into anything as expensive as DVC without doing a deep dive first. But that's just me and I know many people aren't the same over analyzers. Still I'm surprised GFV resale prices are where they are.

We'd like that to be the case but based on everything I've seen across a multitude of DVC FB groups says otherwise. We're not the majority here.

 

[Epcot Forever Forever]

it can't be too much lower than asking

Hard disagree. I got my contract for ~20% below asking. That’s uncommon but not THAT uncommon.

Most other resale prices make sense but GFV resale pricing doesn't to me

This has been true since the day VGF1.1 went on sale, and I think reflects the expectation of VGF owners that as soon as VGF1.1 sells out, the resale price will pop again.

I think it might initially but with twice as many VGF points on the market as before and studios likely to remain plentiful at 7 months, I’m not sure VGFs price premium will last long term.

 

[Robbie Cottam]

Not sure how the brain trust is going o take this one but:

how does one not at least call Disney to see what the price is before buying resale..

how does one buy resale if the price difference is less than 20 buck a point….

 

[Jwaire]

how does one buy resale if the price difference is less than 20 buck a point….

That's $3,000 on a 150 point contract though. That's significant.

Resale, while growing, is still the minority.

While I believe most new direct members discover DVC in the parks at a kiosk, direct marketing materials or on a cruise, I will say that I think DVC could learn a thing or two from the board's sponsor.

Their landing page and marketing is on point for the Internet generation. The Web site is easy to use. You just go to the resort and you can see how much each contract costs, the use year, financing calculator, etc.

You have to dig and dig on the DVC Web site to find any "real" information about DVC and then you get to deal with all the flashy "Hero" resorts they're currently selling.

If I was a family wanting DVC at Beach Club, I want Beach Club. I don't want to go to the DVC Web site and look through pages and pages of marketing materials only to end up with an offer for a Disney Resort in Hawaii or have to (gasp) make an actual phone call to a sales rep.

 

[Robbie Cottam]

That's $3,000 on a 150 point contract though. That's significant.

Resale, while growing, is still the minority.

While I believe most new direct members discover DVC in the parks at a kiosk, direct marketing materials or on a cruise, I will say that I think DVC could learn a thing or two from the board's sponsor.

Their landing page and marketing is on point for the Internet generation. The Web site is easy to use. You just go to the resort and you can see how much each contract costs, the use year, financing calculator, etc.

You have to dig and dig on the DVC Web site to find any "real" information about DVC and then you get to deal with all the flashy "Hero" resorts they're currently selling.

If I was a family wanting DVC at Beach Club, I want Beach Club. I don't want to go to the DVC Web site and look through pages and pages of marketing materials only to end up with an offer for a Disney Resort in Hawaii or have to (gasp) make an actual phone call to a sales rep.

No it really isnt
3000 over 40 years 75 dollars per year…
annual pass discount alone save me more that this year….
food discount Averages 1000 bucks a trip…

I can see the argument at 100 dollar per point maybe ….

 

[Jwaire]

No it really isnt
3000 over 40 years 75 dollars per year…
annual pass discount alone save me more that this year….
food discount Averages 1000 bucks a trip…

I can see the argument at 100 dollar per point maybe ….

The initial contract price is significant to me and I expect to many people—especially those aware of DVC resales, but you do you.

 

[JackosinDIS]

The resale prices can make sense for some people… I don’t qualify for MB, so the direct price immediately goes up to $183 pp. If the right contract came along at $140 or less, I would be buying it, as there is a saving of $8600 on 200 points. The direct benefits are not worth that amount to me as I have no need for an AP and would not be able to recoup that amount on food discounts. Yes, the ability to use points at the new / future resorts is worth something to people, but I am comfortable not having the ability to book these.

That said, there is some insane resale pricing out there, and having made several offers this month it is clear that some sellers are unwilling to budge from $160+ pp, which is entirely their prerogative. I am very patient though so happy to wait for the right contract to come along!

 

[pianomanzano]

No it really isnt
3000 over 40 years 75 dollars per year…
annual pass discount alone save me more that this year….
food discount Averages 1000 bucks a trip…

I can see the argument at 100 dollar per point maybe ….

Food discount is only 10%. Are you saying you spend 10k on dining a trip?? Or that total table service meals is 1k?

 

[TheDailyMoo]

I still can't wrap my head around the fact that someone would jump into a DVC contract having done almost zero research on pricing and alternatives. But then again I guess there are people that walk into car showrooms and buy a car they see for the first time and pay full MSRP.

 

[bravo2zero]

I still can't wrap my head around the fact that someone would jump into a DVC contract having done almost zero research on pricing and alternatives. But then again I guess there are people that walk into car showrooms and buy a car they see for the first time and pay full MSRP.

I'm within you 100%. When I jumped into this I joined a ton of FB groups on the topic (among many other ways of researching DVC). What I see DAILY on those sites from people who have bought already and have no clue how the system works, etc. is maddening; some of those owners who ask questions have owned for years too.

 

[Epcot Forever Forever]

I still can't wrap my head around the fact that someone would jump into a DVC contract having done almost zero research on pricing and alternatives. But then again I guess there are people that walk into car showrooms and buy a car they see for the first time and pay full MSRP.

1 in 3 people don’t negotiate price on their car purchases!

1 in 3!!!

 

[pianomanzano]

I still can't wrap my head around the fact that someone would jump into a DVC contract having done almost zero research on pricing and alternatives. But then again I guess there are people that walk into car showrooms and buy a car they see for the first time and pay full MSRP.

Whenever we hear news of single 1000pt contracts being purchased directly, I imagine those are people who do zero research. If you're spending that much money, what more is another thousand or so to split them up into four 250 point contracts for an exit strategy? Although I guess if you have that much to put down on DVC, maybe an exit strategy is the last thing on their minds!

 

[RoseGold]

It's amazing, everyone on the Internet either overpays or underpays depending on where you are getting your numbers. But nobody ever loses money in Vegas.

 

[TheDailyMoo]

1 in 3 people don’t negotiate price on their car purchases!

1 in 3!!!

There's no WAY this can be true lol! I mean all you have to do is say give me anything off and I'll take the car and they will oblige. Heck ask for a few free oil changes at least! I guess it takes all kinds.

 

[lilsonicfan]

International buyers don’t qualify for Magical Beginnings and some of us can’t buy direct unless we are in the US at the time, so resale VGF may in those cases make a lot of sense.

 

[intamin]

Food discount is only 10%. Are you saying you spend 10k on dining a trip?? Or that total table service meals is 1k?

I think we found the guy who's taking all the Victoria and Alberts reservations..