Island Tower at Polynesian Villas & Bungalows

[DonMacGregor]

That is not how it typically has worked in the past. This is the first I have heard of guides explicitly getting approval to allow the rewrite of contracts to a new resort by delaying the closing.

Obviously, if DVD wants to give buyers a chance to take advantage of new incentives before it’s closed, they can, but I am very surprised it’s being allowed to 90 days…that is just crazy…so, my guess is this is brand new.

Thanks. I knew I wasn't going crazy.

 

[mkatsy]

It would be easier to make a decision if they would release the point charts. Sales come and sales go … but point charts last forever.

 

[supercarrie]

Maybe, but I'm more inclined to think it's because of the miserable sales so far this year, and the desire to get as many signatures on the line which is dotted, regardless of what kind of exposure they might have or how, many contracts they leave dangling half-closed.

At the end of the day, they have loaded contracts and points on to dashboards so they:

• Have to "hope" you don't use any of the points (either deliberately or by accident)
• Have to unload those points that they loaded onto your dashboard
• Load new points onto your dashboard
• Have basically announced to the world that Poly points will be priced the same as Riviera, after repeatedly saying they don't know yet

Again, I get that they still have you. You signed a contract and whether it's for Riviera or Poly, you can't back out, you can just change, but it's a complete departure from previous protocols even as recently as the VGF2 sale. Plus, as I said above: if you really want Riviera, you can buy it now. If you really rather have Poly, it will be available in a few months and the incentives are going to be just about the same as they have now (they all hover around the same for "new" resorts, and only really vary for sold-out resort fire sales like OKW). The only difference is they get to write paper and move a spreadsheet needle now.

Why would this mean Poly is priced the same as Riv? Given my guide told me we’d move any funds paid over as a credit towards a Poly purchase, I didn’t get the sense that meant Poly would cost the same, I assumed it would actually be more (just obviously not less expensive, but that was never in the cards).

I haven’t specifically asked what would happen if we use points beyond the MBs, but I assume the deal would be off and we would be held to our original terms.

Of note - none of my closing documents have anything “special” compared to the usual terms, apart from a final payment date of Sept. 14. They haven’t changed paperwork to confirm in legalese that switching escrow can be done, it is just in several emails (and verbal conversations).

 

[Tatebeck]

It would be easier if the announced ANYTHING specific about purchasing points for Poly tower lol. Sale date? Price? Point Charts? Nope. My use year is September so if I don't buy before then then I wouldn't likely buy any direct points until late next spring/summer to get a bit of extra value from the old "double points." That time is fast approaching with still minimal info.

We finally have pictures/descriptions of the rooms and some cash prices and that's it. This whole Poly Tower build and info release has been so strange. At least we are sure it's the same association after all that December meeting strangeness (maybe?, lol)

 

[DonMacGregor]

Why would this mean Poly is priced the same as Riv? Given my guide told me we’d move any funds paid over as a credit towards a Poly purchase, I didn’t get the sense that meant Poly would cost the same, I assumed it would actually be more (just obviously not less expensive, but that was never in the cards).

I would assume that they want to keep things as simple as possible and make any move as close to lateral as possible. Otherwise, they run the risk of drawing out a sale 3 months longer than they needed to, only to have a buyer balk at paying more and sticking with the original product and the effort has been wasted. They're right where they would have been three months earlier. You would think they had some level of confidence that they can convert buyers instead of just selling Riviera and being done with it, which would at least suggest similar pricing.

I haven’t specifically asked what would happen if we use points beyond the MBs, but I assume the deal would be off and we would be held to our original terms.

Exactly, which makes the whole thing seem a bit "unconventional". Way too much trust, and nothing in writing.

Of note - none of my closing documents have anything “special” compared to the usual terms, apart from a final payment date of Sept. 14. They haven’t changed paperwork to confirm in legalese that switching escrow can be done, it is just in several emails (and verbal conversations).

That would have me a bit concerned.

 

[Tatebeck]

What happens in a 10 day cancel situation if someone got the points, somehow finds a last second reservation in the next few days, completes the stay, then cancels within the 10 days?

 

[hockeydad21]

Why would this mean Poly is priced the same as Riv? Given my guide told me we’d move any funds paid over as a credit towards a Poly purchase, I didn’t get the sense that meant Poly would cost the same, I assumed it would actually be more (just obviously not less expensive, but that was never in the cards).

I haven’t specifically asked what would happen if we use points beyond the MBs, but I assume the deal would be off and we would be held to our original terms.

Of note - none of my closing documents have anything “special” compared to the usual terms, apart from a final payment date of Sept. 14. They haven’t changed paperwork to confirm in legalese that switching escrow can be done, it is just in several emails (and verbal conversations).

Maybe it’s just me, but I think it makes complete sense for Disney to benefit. You’re essentially guaranteeing a direct sale by providing a customer this small added flexibility. The potential negative alternative if Disney doesn’t offer this is the customer ends up holding off on a direct contract at that moment, and instead plays the “wait and see” game with Poly, effectively providing them time to rethink maybe just going with a Poly resale contract. This more or less locks it in, whether or not that revenue is recognized today or 3 months down the road. It still fits the schedule of their fiscal year end, and how these reps get paid out on commission.

 

[mistysue]

I would be really surprised if Poly was priced the same as Riv, if only because of the restriction differences and obvious implications for resale, which people often consider during the purchase. We are huge fans of both, but the Poly definitely seems like it deserves a higher price point.

 

[Sandisw]

It would be easier if the announced ANYTHING specific about purchasing points for Poly tower lol. Sale date? Price? Point Charts? Nope. My use year is September so if I don't buy before then then I wouldn't likely buy any direct points until late next spring/summer to get a bit of extra value from the old "double points." That time is fast approaching with still minimal info.

We finally have pictures/descriptions of the rooms and some cash prices and that's it. This whole Poly Tower build and info release has been so strange. At least we are sure it's the same association after all that December meeting strangeness (maybe?, lol)

The first set of points with PVB tower will be 2024, and even then, some UYs might be left out.

So, buying before or after September won’t matter since thr tower is opening this year. What people buying RIV who have UYs later in the year lose are the 2023 points.

 

[mistysue]

Maybe it’s just me, but I think it makes complete sense for Disney to benefit. You’re essentially guaranteeing a direct sale by providing a customer this small added flexibility. The potential negative alternative if Disney doesn’t offer this is the customer ends up holding off on a direct contract at that moment, and instead plays the “wait and see” game with Poly, effectively providing them time to rethink maybe just going with a Poly resale contract. This more or less locks it in, whether or not that revenue is recognized today or 3 months down the road. It still fits the schedule of their fiscal year end, and how these reps get paid out on commission.

Yup- we have a DVC guide who isn't giving me the sort of options I'm reading here, and it pushed DH and I straight from "ok, lets buy RIV today" last week to "what if the next offer is better and we're stuck" and today we started saying "maybe we just do resale this time?"

 

[Sandisw]

What happens in a 10 day cancel situation if someone got the points, somehow finds a last second reservation in the next few days, completes the stay, then cancels within the 10 days?

Once they use the contract, they’d be on the hook for losing the deposit because DVC would be able to go after them for that…I think there is something in the purchase documents that could address it.

 

[Tatebeck]

The first set of points with PVB tower will be 2024, and even then, some UYs might be left out.

So, buying before or after September won’t matter since thr tower is opening this year. What people buying RIV who have UYs later in the year lose are the 2023 points.

Right, I almost forgot about that part! One of the many reasons why I know I'll probably just keep the RIV in the end, but I do want to see what they do!

 

[supercarrie]

I would assume that they want to keep things as simple as possible and make any move as close to lateral as possible. Otherwise, they run the risk of drawing out a sale 3 months longer than they needed to, only to have a buyer balk at paying more and sticking with the original product and the effort has been wasted. They're right where they would have been three months earlier. You would think they had some level of confidence that they can convert buyers instead of just selling Riviera and being done with it, which would at least suggest similar pricing.

Exactly, which makes the whole thing seem a bit "unconventional". Way too much trust, and nothing in writing.

That would have me a bit concerned.

Ultimately, I am 99% certain I am sticking with Riv anyway, otherwise I wouldn’t have signed on those terms.

 

[TheDailyMoo]

So...how about those portals huh...ammiright?

 

[supercarrie]

Yup- we have a DVC guide who isn't giving me the sort of options I'm reading here, and it pushed DH and I straight from "ok, lets buy RIV today" last week to "what if the next offer is better and we're stuck" and today we started saying "maybe we just do resale this time?"

If you need a new guide, let me know. Happy to share his contact info.

 

[garanorymom]

If you need a new guide, let me know. Happy to share his contact info.

We have been considering switching guides. Members for 20+ years. I would love to know who your guide is.

 

[mistysue]

If you need a new guide, let me know. Happy to share his contact info.

I took some names down from a post about good ones.

Now we're sitting back debating whether we think we are ever going to feel "stuck" if we own resale Riv points, already have some Poly, but we've found we like 1/2 week split stays and the Riv 1 bedroom is the only place we've gone and nobody has cared if we even went to the parks. We could buy direct (then we sit and argue more Poly or Riv) or buy resale and buy the kids a car with the difference. The flexibility to use the points at either sounds so nice, but I feel sort of stupid not getting the car.

 

[achinforsomebacon]

I will! The only thing I can think of that may be a hiccup is our use year. Since it's September I fear we may have to do a 60 day close if we have to have the whole thing closed so they can do MB before the end of August so we get our double points. MB the 2023 points and then get 2024 right after. But I'm hopeful they would be able to put the 2023 points in, essentially bank them, finish the 90 day close after Poly details are announced and then still do MB after? If not I'll settle for 60 days, that should still get us into some sort of Poly details. But we'll see tomorrow morning!

Is a 90 day close the same as spreading payments over 90 days? We got VGF during last year's sale. Signed everything at the end of July for an August use year, did MB on the 2022 points and also spread payments over 90 days.

Once things are signed and you make a deposit, the 2023 points should show up and then magically disappear (it took maybe a few days). The 2024 points will be available to make reservations right away.

 

[supercarrie]

Is a 90 day close the same as spreading payments over 90 days? We got VGF during last year's sale. Signed everything at the end of July for an August use year, did MB on the 2022 points and also spread payments over 90 days.

Once things are signed and you make a deposit, the 2023 points should show up and then magically disappear (it took maybe a few days). The 2024 points will be available to make reservations right away.

My guide confirmed (in writing) that the contract can’t close until all monies are in (his exact words).

 

[Electron_si]

My guide confirmed (in writing) that the contract can’t close until all monies are in (his exact words).

I’m not an expert but I don’t think that closing a contract allows a re-write up until that point.