NEW Rejected Offers Thread

[Cfabar1]

Can you give me an example of a small direct vs resale contract currently at any resort with the values? I’m not familiar with direct.

There is no way that it is cheaper.... but particularly if a contract isn't easily available compare....

As far as I know, such a contract isn't available right now... but let's just say....

30 points VGF - $180 pp resale = $5,400 with say, 0 points 2025, 0 points 2026, 30 points 2027
Now.... $5,400 plus $750 Closing Costs, Plus $500 CAF Fee, and let's just say it's from Fidelity... $250 Fidelity Fee
$6,900 + Annual Dues 2026 about another $250ish = $7,150 total

compared to
30 points VGF Direct - $275 pp = $8,250 30 points 2025, 30 points 2026, 30 points 2027
$8,250 + $450 closing costs + Annual Dues around $250ish (but you're getting 2025 and 2026 points) = $8,950 total

Now, let's just say you rent out your 2025 and 2026 points at $20/pp (or needed that amount of points and now you don't have to pay someone else for them) $8950-1200= 7750

I'd imagine that VGC compares very nicely - probably even more so....

 

[Sandisw]

There is no way that it is cheaper.... but particularly if a contract isn't easily available compare....

As far as I know, such a contract isn't available right now... but let's just say....

30 points VGF - $180 pp resale = $5,400 with say, 0 points 2025, 0 points 2026, 30 points 2027
Now.... $5,400 plus $750 Closing Costs, Plus $500 CAF Fee, and let's just say it's from Fidelity... $250 Fidelity Fee
$6,900 + Annual Dues 2026 about another $250ish = $7,150 total

compared to
30 points VGF Direct - $275 pp = $8,250 30 points 2025, 30 points 2026, 30 points 2027
$8,250 + $450 closing costs + Annual Dues around $250ish (but you're getting 2025 and 2026 points) = $8,950 total

Now, let's just say you rent out your 2025 and 2026 points at $20/pp (or needed that amount of points and now you don't have to pay someone else for them) $8950-1200= 7750

I'd imagine that VGC compares very nicely - probably even more so....

And you get unrestricted vs restricted points so that can help with being okay with the extra cost.

 

[airjay75]

Understood. If others would find value (agree, there “may” not be much), I would start a new one and maintain it. Guess a mod would have to be ready to remove posts that break rules.

I'll just say that, personally, I don't think there is much value in maintaining such a database, although your motivation is laudatory . For me, the rejected offers thread has served two purposes. One, a way of letting others in this community knowing what I was doing - sort of a well, this what I tried, but it didn't work. Two, a way for others to either sympathize with me or tell me I was crazy for offering so low. I think this thread can still serve that purpose, but it is a little bit more difficult if you don't know the full details (and, again, I fully understand because we can't have specific active listings being debated and/or targeted on these boards).

The ROFR thread is a much more valuable database because, once we have a deal that was sent to ROFR, we are able to share the full details, and it is a way to help others know just how good of a deal is possible, both because it was accepted between a buyer and seller and because it passed ROFR.

Just my opinion.

 

[Girlstar30]

I'll just say that, personally, I don't think there is much value in maintaining such a database, although your motivation is laudatory . For me, the rejected offers thread has served two purposes. One, a way of letting others in this community knowing what I was doing - sort of a well, this what I tried, but it didn't work. Two, a way for others to either sympathize with me or tell me I was crazy for offering so low. I think this thread can still serve that purpose, but it is a little bit more difficult if you don't know the full details (and, again, I fully understand because we can't have specific active listings being debated and/or targeted on these boards).

The ROFR thread is a much more valuable database because, once we have a deal that was sent to ROFR, we are able to share the full details, and it is a way to help others know just how good of a deal is possible, both because it was accepted between a buyer and seller and because it passed ROFR.

Just my opinion.

This thread is a way for me to be nosy and see what other people are doing. Love it for that purpose

 

[AstroBlasters]

Dealing with this same scenario right now actually... We will see how it plays out...

I bet it’s the same contract

 

[juliebee]

Can you give me an example of a small direct vs resale contract currently at any resort with the values? I’m not familiar with direct.

I was recently comparing resale vs direct on a small contract at the Polynesian.
Resale (this contract isn't for sale anymore) - 25 pts. x $170; no points until 2027 with closing ($639) and CAF ($500)- $5389
Direct - 25 pts x $243; points for 2025 with closing- $6496
Difference- $1107.

• With direct there would be 50 extra points (2025 and 2026 points); if you value those at $20/pt that is $1000
• I'd get those points the same day
• The points be unrestricted so I could use them anywhere
• The points would be in my current use year
• $1107-$1000 (from the 50 extra points)= $107 more to buy direct ($4.28/pt)

 

[VGCgroupie]

I was recently comparing resale vs direct on a small contract at the Polynesian.
Resale (this contract isn't for sale anymore) - 25 pts. x $170; no points until 2027 with closing ($639) and CAF ($500)- $5389
Direct - 25 pts x $243; points for 2025 with closing- $6496
Difference- $1107.

• With direct there would be 50 extra points (2025 and 2026 points); if you value those at $20/pt that is $1000
• I'd get those points the same day
• The points be unrestricted so I could use them anywhere
• The points would be in my current use year
• $1107-$1000 (from the 50 extra points)= $107 more to buy direct ($4.28/pt)

Certain resorts like poly for sure are a better deal to go direct. Love seeing the numbers

 

[Girlstar30]

I was recently comparing resale vs direct on a small contract at the Polynesian.
Resale (this contract isn't for sale anymore) - 25 pts. x $170; no points until 2027 with closing ($639) and CAF ($500)- $5389
Direct - 25 pts x $243; points for 2025 with closing- $6496
Difference- $1107.

• With direct there would be 50 extra points (2025 and 2026 points); if you value those at $20/pt that is $1000
• I'd get those points the same day
• The points be unrestricted so I could use them anywhere
• The points would be in my current use year
• $1107-$1000 (from the 50 extra points)= $107 more to buy direct ($4.28/pt)

I really want poly ugh

 

[IsDVCForMe?]

Certain resorts like poly for sure are a better deal to go direct. Love seeing the numbers

I was thinking the same thing. The 2 examples given were the 2 most expensive resorts. Ya, in that case you can make an argument. OKW or SSR? I’d like to see those breakdowns.

 

[IsDVCForMe?]

Much like buying a car.

Yes indeed.

 

[IsDVCForMe?]

This thread is a way for me to be nosy and see what other people are doing. Love it for that purpose

Thinking I’m going to keep it going and keep it updated. Start April and do through December. And then start a new year. We will see how it goes.

 

[Sandisw]

I was thinking the same thing. The 2 examples given were the 2 most expensive resorts. Ya, in that case you can make an argument. OKW or SSR? I’d like to see those breakdowns.

Unless the main goal isn’t the price. Let’s take CCV…25 points…$255…$6375.

CCV…25 points…assuming you could find..$140 points…$3500….$500 CAF…$4000. Plus reimbursement for dues for current year.

Assuming closing costs are a wash…

You can’t find 25 and have to go with 50…now costs are $7500…so now more.

But that 50 comes with double dues each year.

Yes, direct is $2375 more but it’s exactly what you want/need….same day…prorated dues…unrestricted points..UY you want and no missing points.

Once we get to more restricted resorts, small contracts will be popular with direct because they are so different.

 

[IsDVCForMe?]

Unless the main goal isn’t the price. Let’s take CCV…25 points…$255…$6375.

CCV…25 points…assuming you could find..$140 points…$3500….$500 CAF…$4000. Plus reimbursement for dues for current year.

Assuming closing costs are a wash…

You can’t find 25 and have to go with 50…now costs are $7500…so now more.

But that 50 comes with double dues each year.

Yes, direct is $2375 more but it’s exactly what you want/need….same day…prorated dues…unrestricted points..UY you want and no missing points.

Once we get to more restricted resorts, small contracts will be popular with direct because they are so different.

If you can get a 25 point resale contract at OKW or SSR for $3500-4000 OTD, an extra $2500-3000 or whatever it would be for direct is a huge price to pay imo.

My math could be off but assuming you can get a 25 point contract to OKW for $75 - a recent user did for 50 points so add $5-10 per point. Will use $85. That plus Fidelity closing costs and the CAF would be $3504 OTD. It is my understanding that the cheapest direct point is $215. If this is incorrect, I apologize. But if correct, that would be $5375 plus closing costs. That would be almost double.

 

[airjay75]

If you can get a 25 point resale contract at OKW or SSR for $3500-4000 OTD, an extra $2500-3000 or whatever it would be for direct is a huge price to pay imo.

My math could be off but assuming you can get a 25 point contract to OKW for $75 - a recent did for 50 points so add $5-10 per point. Will use $85. That plus Fidelity closing costs and the CAF would be $3504 OTD. It is my understanding that the cheapest direct point is $215. If this is incorrect, I apologize. But if correct, that would be $5375 plus closing costs. That would be almost double.

The question with the resale contract would be was it stripped or loaded and when was the UY. If it was stripped, take off $20 x 25 x # of years with no points. Direct points are always fully loaded with the option to use magical beginnings on current year points.

Outside of flash sales (SSR has one right now), sold out pricing on OKW and SSR is $215. Of course, that sold out price on OKW is going to get you a 2057 expiration date, not 2042, so you get more years of use out of it.

But, I think the thing is, if all you really need is just 25 more points, and you don't want any more than that, and you have a specific resort at which you want it, $2,500, in nominal dollar terms, is not that much to pay to get exactly what you want and get it today (and also get points that are completely unrestricted). Resale hunting for small point contracts, especially if you want to match your existing UY can take time. And, because there are so few, there may be competition for it which will make it more difficult to get a low price/point on it.

 

[IsDVCForMe?]

The question with the resale contract would be was it stripped or loaded and when was the UY. If it was stripped, take off $20 x 25 x # of years with no points. Direct points are always fully loaded with the option to use magical beginnings on current year points.

Outside of flash sales (SSR has one right now), sold out pricing on OKW and SSR is $215. Of course, that sold out price on OKW is going to get you a 2057 expiration date, not 2042, so you get more years of use out of it.

But, I think the thing is, if all you really need is just 25 more points, and you don't want any more than that, and you have a specific resort at which you want it, $2,500, in nominal dollar terms, is not that much to pay to get exactly what you want and get it today (and also get points that are completely unrestricted). Resale hunting for small point contracts, especially if you want to match your existing UY can take time. And, because there are so few, there may be competition for it which will make it more difficult to get a low price/point on it.

But back to the main point that if there is competition for that 25 point contract, the $500 CAF won’t be a deal breaker.

 

[airjay75]

But back to the main point that if there is competition for that 25 point contract, the $500 CAF won’t be a deal breaker.

I definitely don't think it will be. I think for many people on these boards who do a lot of analysis, we may steer away from smaller contracts, but I think they will continue to command a premium. For many people just looking to start their DVC ownership (such as yourself ), I think the lower OTD price is what they will focus on. The $500 CAF could slightly erode the premium people pay, but I think they will still pay a $/point premium over larger contracts. There is simply more demand for smaller point contracts because more people can afford them.

Of course, now that DVC has instituted the $500 CAF, they could increase that in future years, but so long as there continues to be a good discount on resale points, I think smaller contracts will fetch a premium.

 

[Brian Noble]

If it was stripped, take off $20 x 25 x # of years with no points.

I would offset this by any dues I did not have to pay, personally.

with the option to use magical beginnings on current year points.

Only for larger contracts (I think the minimum is 150).

 

[airjay75]

I would offset this by any dues I did not have to pay, personally.


Only for larger contracts (I think the minimum is 150).

Very good points I left out.

 

[Sandisw]

If you can get a 25 point resale contract at OKW or SSR for $3500-4000 OTD, an extra $2500-3000 or whatever it would be for direct is a huge price to pay imo.

My math could be off but assuming you can get a 25 point contract to OKW for $75 - a recent user did for 50 points so add $5-10 per point. Will use $85. That plus Fidelity closing costs and the CAF would be $3504 OTD. It is my understanding that the cheapest direct point is $215. If this is incorrect, I apologize. But if correct, that would be $5375 plus closing costs. That would be almost double.

Except that only works if you are okay with those being your home resort.

I personally wouldn’t want a 25 contract at a resort I don’t want to be at…I’d want it to combine with my top resorts.

Which goes back to how everyone does things so different and what they want out of their DVC!

 

[IsDVCForMe?]

Except that only works if you are okay with those being your home resort.

I personally wouldn’t want a 25 contract at a resort I don’t want to be at…I’d want it to combine with my top resorts.

Which goes back to how everyone does things so different and what they want out of their DVC!

Of course, I’m just making the point that I don’t think the $500 CAF is a “deal breaker”. Guess we will see in the months to come if small contracts have a sharp decrease in value.