vint43
Earning My Ears
- Joined
- Mar 25, 2019
- Messages
- 49
Well, we were the first people to purchase GFV from our sales person a few years back.
Today, we became the first people to buy Riviera from him.
We realize this resort has a lot of "hair on it". The resale restrictions are terrible and the opening annual dues are way high. The exterior design appears a little bland and the interior rooms might also be as well. (Might as well get all the negatives out upfront!).
I do not blame anyone for not having any interest.
However, the actual price per point was lower than we expected. We ended up paying around $170 per pt.
We never regretted buying in at the start of GFV and hope the same holds true for the Riviera over time. We have no expectation the resale situation will be the same - the GFV have held up great - (in fact, we think it will stink!).
We will have to hold these points for the long term. That is part of the deal I think with the Riviera.
The best advice I got on this board several years back was to buy smaller contracts. We did the same today. Making it slightly easier to sell contracts of smaller size down the line or make it easier to pass them down to our kids. I would suggest paying the higher closing costs and keep all your contacts 100 pts or less. In fact, think about just buying 50 pts. contracts. I think small contracts will be especially important for the Riviera as the resale buyer can only stay at this resort. They will want to buy in very small increments - even at highly discounted prices.
Just wanted to let others know who are considering purchasing at the Riviera you are not alone! Even with all the issues, we look forward to having a new resort to select with transportation to the back of Epcot for food & wine, etc.
Today, we became the first people to buy Riviera from him.
We realize this resort has a lot of "hair on it". The resale restrictions are terrible and the opening annual dues are way high. The exterior design appears a little bland and the interior rooms might also be as well. (Might as well get all the negatives out upfront!).
I do not blame anyone for not having any interest.
However, the actual price per point was lower than we expected. We ended up paying around $170 per pt.
We never regretted buying in at the start of GFV and hope the same holds true for the Riviera over time. We have no expectation the resale situation will be the same - the GFV have held up great - (in fact, we think it will stink!).
We will have to hold these points for the long term. That is part of the deal I think with the Riviera.
The best advice I got on this board several years back was to buy smaller contracts. We did the same today. Making it slightly easier to sell contracts of smaller size down the line or make it easier to pass them down to our kids. I would suggest paying the higher closing costs and keep all your contacts 100 pts or less. In fact, think about just buying 50 pts. contracts. I think small contracts will be especially important for the Riviera as the resale buyer can only stay at this resort. They will want to buy in very small increments - even at highly discounted prices.
Just wanted to let others know who are considering purchasing at the Riviera you are not alone! Even with all the issues, we look forward to having a new resort to select with transportation to the back of Epcot for food & wine, etc.