Summer Incentives

[achinforsomebacon]

Thanks for sharing this! I don’t believe you can do the Magical Beginnings sell back on contracts under 150 points, although I suppose one could sell the points on their own (not sure if $22 per point could be made though).

Good catch! I've updated the post to remove Magical Beginnings for less than 150. Thanks!

 

[achinforsomebacon]

Has anybody had any luck in getting a VGF contract with a different UY than they currently have? We want an Aug UY, but they are saying can only do a UY we already have.

We were told multiple times it wouldn't be a problem getting a new use year to take advantage of Magical Beginnings on the 2022 points and still get current member pricing. Haven't seen anything in writing yet as we're still trying to decide on number of points.

 

[armstrongwillf]

We were told multiple times it wouldn't be a problem getting a new use year to take advantage of Magical Beginnings on the 2022 points and still get current member pricing. Haven't seen anything in writing yet as we're still trying to decide on number of points.

Did you talk with a guide? Mind sharing their info?

 

[BLTAaron]

Thinking of doing vgf while on vacation this week for 2 100 pt contracts. Has anyone seen vgf direct for less than this (166 ish) in recent years?

 

[arich35]

What is the benefit to doing two 100 pt contracts?

 

[KalamityJane]

Can you do MB on 2022 and 2023 points in the same contract or is it only 1 year’s worth?

 

[intamin]

What is the benefit to doing two 100 pt contracts?

The benefit is should you decide to sell your points later on, they will sell more easily and will demand a higher price per point.

 

[intamin]

Can you do MB on 2022 and 2023 points in the same contract or is it only 1 year’s worth?

It's the first year's worth.

 

[Hokies37]

I believe RIV has a $2,500 incentive and VGF is $3,500 (1 out of 4 incentives total) so RIV is +$1000

We just bought VGF. These are our exact costs:

June 5 - $6,990
July 5 - $6,990
Aug 5 - $6,990
Sept 2 - $6,991.70

Total including all closing costs etc $27,961.70* and then we’ll get a $3,300 rebate back in Oct

Grand Total $24,661.70

150 pts Sept UY - paid $164.41 per point

Payments made on credit card getting about 2% back, brings it down to ~$24k

$161.11 total per point = 41yrs x $3.66pp

$3.66 + $7.33 dues = $11 cost per point per year



*We also saved $200 by waiving title insurance.

Would you mind detailing your closing costs and declining title insurance? Here is the cost breakdown from my guide, but I wind up ~$187 more than you. I suspect that is the title insurance. I asked my guide about declining title insurance in an email, and she said "We do not have a title insurance part of the closing cost that you can decline. Its two parts doc prep fee and closing cost. You have to pay for it all."

Points	150​
Price	$217​
Subtotal	$32,550​
Developer offer	($3,585)​
Welcome home	($1,500)​
Total	$27,465​
Closing costs	$684​
Magical beginnings	($3,300)​
Grand total	$24,849​

 

[Royal Consort]

I asked my guide about declining title insurance in an email, and she said "We do not have a title insurance part of the closing cost that you can decline. Its two parts doc prep fee and closing cost.

​

You can absolutely decline! I've declined title insurance on my small VGF add on. The guide unticks a little check box, he showed me. Then you sign an election not to purchase title insurance page.

It's also in the contract:

"PURCHASER shall pay the cost of recording the deed, a document preparation fee, the Florida documentary stamp tax
due on the deed, and, unless PURCHASER elects not to purchase an owner’s title insurance policy by providing written notice to DVD prior to Closing, the costs for an owner's title insurance policy (collectively, PURCHASER’S ‘Closing Costs’)"

... they also gave me the title insurance I didn't pay for. So.. yeh. Lol.

 

[Hokies37]

You can absolutely decline! I've declined title insurance on my small VGF add on. The guide unticks a little check box, he showed me. Then you sign an election not to purchase title insurance page.

It's also in the contract:

"PURCHASER shall pay the cost of recording the deed, a document preparation fee, the Florida documentary stamp tax
due on the deed, and, unless PURCHASER elects not to purchase an owner’s title insurance policy by providing written notice to DVD prior to Closing, the costs for an owner's title insurance policy (collectively, PURCHASER’S ‘Closing Costs’)"

... they also gave me the title insurance I didn't pay for. So.. yeh. Lol.

Thank you! I've asked her about it twice and she's given the same answer both times. I'm going to send her the above language from the contract and see what she says.

She's also told me twice that I can't extend payments over 90 days. I like her, but am frustrated with some of her answers.

 

[Royal Consort]

Thank you! I've asked her about it twice and she's given the same answer both times. I'm going to send her the above language from the contract and see what she says.

She's also told me twice that I can't extend payments over 90 days. I like her, but am frustrated with some of her answers.

I find that some guides are not always very knowledgeable. When I purchased Riviera in 2019, I was giving the guide instructions about gauranteed weeks and discounts. If you'd prefer, you can request a more knowledgeable guide.

 

[Genie+]

Thank you! I've asked her about it twice and she's given the same answer both times. I'm going to send her the above language from the contract and see what she says.

She's also told me twice that I can't extend payments over 90 days. I like her, but am frustrated with some of her answers.

My guide gave me a total over the phone: $28,149.15

When I asked about waiving the title insurance, he said he was aware of it but I was the first client ever to ask him. The new total was: $27,961.70 (eta- these totals are before 2022 points rebate $3300)

Title Insurance was a difference of — $187.45 —

About spreading the payments- I’ve heard some guides need approval?

 

[Genie+]

The document we signed to waive title insurance was named:

ELECTION NOT TO PURCHASE OWNER’S TITLE INSURANCE POLICY

 

[kboo]

Has anybody had any luck in getting a VGF contract with a different UY than they currently have? We want an Aug UY, but they are saying can only do a UY we already have.

I haven't tried but you can get any UY you want. When we bought Riviera we originally wanted to match our BLT UY but then realized we wouldn't get 2019 points and would be borrowing from the get go. No thank you!

Thinking of doing vgf while on vacation this week for 2 100 pt contracts. Has anyone seen vgf direct for less than this (166 ish) in recent years?

no, and even Riviera when we bought in 2019 was only around 166ish. Also when you get 2x100 contracts your price per point should drop down to around $161 because you should be getting the credits at the $200 point level.

 

[BLTAaron]

The benefit is should you decide to sell your points later on, they will sell more easily and will demand a higher price per point.

Yes and we also have two children.

 

[bravo2zero]

Has anybody had any luck in getting a VGF contract with a different UY than they currently have? We want an Aug UY, but they are saying can only do a UY we already have.

We had only BLT Feb UY but got them to approve special exception for October UY at VGF on Tuesday (150 points). They initially said they were only selling FEB. I asked for AUG or OCT and made it a condition of saying yes. The guide said they could only get OCT approved. I was happy, contracts are signed, membership card is updated, and points are waiting to be used.

 

[enkiktd]

Would you mind detailing your closing costs and declining title insurance? Here is the cost breakdown from my guide, but I wind up ~$187 more than you. I suspect that is the title insurance. I asked my guide about declining title insurance in an email, and she said "We do not have a title insurance part of the closing cost that you can decline. Its two parts doc prep fee and closing cost. You have to pay for it all."

Points	150​
Price	$217​
Subtotal	$32,550​
Developer offer	($3,585)​
Welcome home	($1,500)​
Total	$27,465​
Closing costs	$684​
Magical beginnings	($3,300)​
Grand total	$24,849​

Are you financing or paying cash? Financing closing costs are a little higher than cash.

 

[Hokies37]

Are you financing or paying cash? Financing closing costs are a little higher than cash.

Cash. She quoted us $250 document prep fee + $434 closing costs = $684 total.

 

[enkiktd]

Cash. She quoted us $250 document prep fee + $434 closing costs = $684 total.

I just purchased this yesterday as well - waiting patiently for the email!