The VGF 2 pricing thread

[MISCdisney21]

Talked with guide yesterday around 10am eat to make purchase. E-sign documents received about 11am today.

 

[joerohdesearring]

Talked with guide yesterday around 10am eat to make purchase. E-sign documents received about 11am today.

Nice! Still waiting on mine about 23 hours later.

 

[KAT4DISNEY]

If looking at the entire life of the contract it looks even worse of a deal. Gfv will net 41 more sets of points. Rivera will net 48 more sets of points before expiration. At $207 a point one can factor a per year cost for gfv at $5.05 a point just in purchase prices. Long term maintenance fees can be expected to far outpace Riviera’s. The grand Floridian hotel building is already 30 + years old. The monorail is already 50+ years old.
When I purchased my Riviera contract I factored in the free set of current UY points, discount on next UY points and I used all the points to book a deal Aulani was running for 2 free nights on my 10 night stay. I literally had the initial contract paid for compared to cash rates within the first year.
Grand Floridian villas were our favorite resort until we stayed at Riviera which now rates far above any dvc property.
Grand Floridian will sell well and if that’s the resort someone loves as much as we love Riviera then it’s worth the price. The missing current UY points was a big deal for me and definitely the dealbreaker. In a few more months people won’t be faced with purchasing a stripped contract so the decision to omit current UY points was a smart calculation on their part. For someone like me who already had those points factored into expenditure justification, the free luggage could not make up for the lost points.

If you're intent was to just buy something right now then yes, you are correct that it makes a difference and becomes part of the factor I mentioned of where you purchase. As Tim noted though in another year people won't have an issue AND they'll be paying more. My point is there's an initial sting for this unexpected twist but it maybe shouldn't be weighted so heavily in the decision.

FWIW I didn't like it with VGC and I understand not liking it but I moved forward with my plan anyway and really don't think about it. For staying at VGC the deal of not having the points was a pittance and VGF probably works out very similar if that is where you most want to stay. I have no idea why they wouldn't be selling with 2021 points for at least the Aug-Dec UY's. I can reasonably understand Feb-June since the units won't be open until June.

 

[Anthony Vito]

Bought yesterday but didn‘t get my docs til today. A couple things:

. . .
2. I asked them to not include the title insurance per comments on the board but I see it anyway. It is optional, correct? Major downside to turning it down (if I can) since I’m buying direct anyway?

I think this has been discussed but what is the risk in not taking the title insurance since we are buying direct?

So I'm curious what others have to say about this. We bought our first contract in 2019 and our 2nd in August 2020 (those Riviera incentives were just too good at the time). I didn't really know anything and got title insurance the first time. For the 2nd one, I had them remove it. I want to say it saved about $130. I had a slight understanding of title insurance by then (I was in the middle of working at a real estate law firm for essentially 6 months or so - never had it fully described or discussed, like many things there). As I understand it, title insurance would protect against losing the property because someone brought a claim that they had an ownership interest in the property, e.g., their grandfather should have inherited an interest in the property but non one ever realized or a lien was never satisfied against the property so that lien is still there, etc. The way I look at it, if you're buying from Disney, if there was some issue with the title to the property then it would likely be with the entire property (i.e., resort) and there would be thousands of people with a title issue as well as Disney, so I would think it would all get resolved and my tiny fractional ownership interest wouldn't be the main impetus for doing so.

Btw have anyone gotten a discount or similar on the documents preparation fee? I mean printing 4 of the same documents shouldn’t cost $1,000

I would assume the "document prep" would be for each separate deed, which would each be a separate document and not just a copy of the same document. I'm not necessarily saying it should cost anywhere near that much and agree it's simple, but that's probably why it's a non-waivable fee. They may even be paying an outside law firm for those documents (I feel like I remember seeing something in the closing documents about a FL firm).

 

[Sandisw]

So it is restricted to the Original 14. Exactly the same as other VGF resales currently

Correct. There is nothing new in terms of restrictions than what already changed in January 2019. So, just like before, all direct contracts that are sold on the resale market can only be used at the original resorts, except for RIV which is restricted to just that resort.

 

[Sandisw]

Btw have anyone gotten a discount or similar on the documents preparation fee? I mean printing 4 of the same documents shouldn’t cost $1,000

I had to pay it for both the contracts I am now buying....I did ask but they said it is standard?

 

[Sandisw]

Anyone know if I still qualify for incentives if I split my contracts and the memberships have different names? (One in just my name that ties to the existing one I already have AND one in my name and my husband’s so he gets a blue card too.)

I was able to combine the incentives, but he did say it was because the owners were the same on both the contracts we bought.

 

[Sandisw]

Well I chatted online early morning 2 days ago when sales opened. Tried calling my guide that night - left a voice message & also replied to the email he’d sent. Yesterday he called at 9:25 am my time (west coast) & it took exactly half an hour to arrange my purchase - he said the docs would arrive w/in 24 hours, they haven’t yet - I’m still waiting, also waiting for the first of the 3 payments I scheduled for my Chase visa to show up. Anyone else in the same boat? I’m wondering now if I won’t see any docs until Monday.
BTW, I didn’t ask - but he mentioned that the luggage was gone

I just got my updated documents from yesterday mornings call...so they work weekend. My guide mentioned they were far behind. All new points have now been loaded into my account.

 

[Skicks35]

I hear ya! I spoke to my guide first thing Thursday morning, but my phone dropped the call and I wasn’t able to get back in touch with him until the end of the day. He was finalizing everything (already had my credit card information) when he realized there was a problem and it wouldn’t actually create the contracts.
(I wanted 3 - 100 point contracts with my husband’s name included. It’s considered a new membership since his name isn’t on the current one, so one had to be at least 150. I wanted equal contracts because I have 3 kids. Between that and the fact that I wouldn’t be getting 2021 points as hoped, I told him I needed to think about it before I decided if I wanted equal contracts or my husband on the membership.)
But, he was off yesterday and today! I’m hoping today doesn’t seem to drag on like yesterday did!

Just curious: is your guide Bernard?? I know he doesn't work Friday/Saturdays too and by being the "nice guy" and waiting for him, I missed out on the luggage.. peanuts in the grand scheme of things, but I'll be loyal and call him tomorrow.

 

[DisneyMom_3]

Just curious: is your guide Bernard?? I know he doesn't work Friday/Saturdays too and by being the "nice guy" and waiting for him, I missed out on the luggage.. peanuts in the grand scheme of things, but I'll be loyal and call him tomorrow.

No. My original guide is temporarily away from her role, so my new guide is named Roderick. He’s been great (other than not knowing that I couldn’t have 3-100 point contracts if I’m wanting my husband on the contracts). It was my fault that I had to talk to him late. I had a busy day and my phone wouldn’t work when I did have time in the afternoon. He actually stayed late to try to make it happen on the first day.
I’m actually surprised that they wouldn’t go ahead and work those two days this week though. I would think it would probably be worth it.
Sorry you missed out on the luggage!

 

[Cyberc1978]

So I'm curious what others have to say about this. We bought our first contract in 2019 and our 2nd in August 2020 (those Riviera incentives were just too good at the time). I didn't really know anything and got title insurance the first time. For the 2nd one, I had them remove it. I want to say it saved about $130. I had a slight understanding of title insurance by then (I was in the middle of working at a real estate law firm for essentially 6 months or so - never had it fully described or discussed, like many things there). As I understand it, title insurance would protect against losing the property because someone brought a claim that they had an ownership interest in the property, e.g., their grandfather should have inherited an interest in the property but non one ever realized or a lien was never satisfied against the property so that lien is still there, etc. The way I look at it, if you're buying from Disney, if there was some issue with the title to the property then it would likely be with the entire property (i.e., resort) and there would be thousands of people with a title issue as well as Disney, so I would think it would all get resolved and my tiny fractional ownership interest wouldn't be the main impetus for doing so.



I would assume the "document prep" would be for each separate deed, which would each be a separate document and not just a copy of the same document. I'm not necessarily saying it should cost anywhere near that much and agree it's simple, but that's probably why it's a non-waivable fee. They may even be paying an outside law firm for those documents (I feel like I remember seeing something in the closing documents about a FL firm).

I had to pay it for both the contracts I am now buying....I did ask but they said it is standard?

Thanks

What about title insurance is that included and could it be left out? I mean I dont expect anything to be wrong when buying direct.

 

[BWV Dreamin]

But in the discounted cash flow model of total cost/benefit of ownership, Year 0 points should be valued dollar-for-dollar.

I love your economic speak…….

 

[Sandisw]

Thanks

What about title insurance is that included and could it be left out? I mean I dont expect anything to be wrong when buying direct.

Yes, the will remove that…if you tell them you want it removed.

 

[BWV Dreamin]

If you're intent was to just buy something right now then yes, you are correct that it makes a difference and becomes part of the factor I mentioned of where you purchase. As Tim noted though in another year people won't have an issue AND they'll be paying more. My point is there's an initial sting for this unexpected twist but it maybe shouldn't be weighted so heavily in the decision.

FWIW I didn't like it with VGC and I understand not liking it but I moved forward with my plan anyway and really don't think about it. For staying at VGC the deal of not having the points was a pittance and VGF probably works out very similar if that is where you most want to stay. I have no idea why they wouldn't be selling with 2021 points for at least the Aug-Dec UY's. I can reasonably understand Feb-June since the units won't be open until June.

I think it affects inventory…

 

[KAT4DISNEY]

I think it affects inventory…

That is the main thought I've had as well.

 

[ninafeliz]

Yes, the will remove that…if you tell them you want it removed.

Kind of annoying that we don’t need it but they charge it anyway. I didn’t know anything about it when we bought any of our three contracts, so we paid it three times (two being 2 days ago). I don’t think it was that much in the grand scheme, but still stinks to lay something we didn’t have to.

 

[CaptainAmerica]

Kind of annoying that we don’t need it but they charge it anyway. I didn’t know anything about it when we bought any of our three contracts, so we paid it three times (two being 2 days ago). I don’t think it was that much in the grand scheme, but still stinks to lay something we didn’t have to.

It doesn't make them any richer, if that makes you feel any better. It goes to a third party.

 

[BWV Dreamin]

Kind of annoying that we don’t need it but they charge it anyway. I didn’t know anything about it when we bought any of our three contracts, so we paid it three times (two being 2 days ago). I don’t think it was that much in the grand scheme, but still stinks to lay something we didn’t have to.

In any real estate transaction, title insurance is suggested. While there may not be a claim where someone else owned the land ( just an example) it will protect you from faulty practices with the purchase ( title company screwed up, wrong title produced, etc).

 

[sndral]

I just got my updated documents from yesterday mornings call...so they work weekend. My guide mentioned they were far behind. All new points have now been loaded into my account.

Thanks for the information. My documents showed up mid day today so about 26 hours after I’d spoken w/ my guide.
They included the pages to sign for the travel set - wonder if my guide was wrong & I was one of the ones who’ll get a set or if my ‘travel set’ will be a backpack

 

[Matty B13]

In any real estate transaction, title insurance is suggested. While there may not be a claim where someone else owned the land ( just an example) it will protect you from faulty practices with the purchase ( title company screwed up, wrong title produced, etc).

I love how the real-estate industry makes you buy insurance to cover their mistakes???????