The VGF 2 pricing thread

[zebsterama]

I think the thing people are missing with the tear down versus renovation is the building itself. If they do a renovation only with another 50 year deed they are asking the major structural components to be structurally sound for over 100 years. Early to mid 90s construction may not last that long and by relying on that is a big risk to them. Also, a tear down would allow them to make the building itself a lot more energy efficient. They could take the risk of the renovation to flip it quicker in any case.

Aside from the allure of either building something completely different, or seriously changing the foundational footprint, or deciding to take something like Beach Club and turn it into a 30 story hotel - provided Disney does a complete gut/redo [and they would], you don't need to blow it up.

Things like structure / electrical / plumbing will all be fine for decades. HVAC would be a pain, and if they decided to do some kind of very different room configuration (that could very well change things), but as far as the structure holding up to the abuse of elements like weather/heat/cold (even hurricanes)/wear and tear, it's fine to last another cycle.

Depending on what they're doing, it may be easier/cost effective in the end to just start fresh (blow it up) but there's no pressing reason because of a fear of it not being able to hold up.

 

[FinallyFL]

Will there be a preview center for the new rooms when the GFV2 price is announced or will they attempt to sell with only drawings? I only own resale so I'm not aware of what has been done before. I'll be at GFV on Feb 6-8 so I'd love to see the new rooms in person.

 

[stwaldman]

Will there be a preview center for the new rooms when the GFV2 price is announced or will they attempt to sell with only drawings? I only own resale so I'm not aware of what has been done before. I'll be at GFV on Feb 6-8 so I'd love to see the new rooms in person.

There's already a tour room in the old villas, my best guess is they will use that until the newly reno'd big pine rooms are ready to stick a guide in.

Edited to acknowledge I have not kept up on the Reno of the old villas, which will have a similar style but different layout so again, probably limited need to actually tour the "new rooms"

 

[zebsterama]

If VGF1 and VGF2 are under the same association, is it reasonable to assume that if someone wanted to purchase a "guaranteed week" contract, that every room category would be available for purchase?

For example if we wanted to buy a 1 or 2 bedroom guaranteed week contract, that option would be available for purchase when VGF2 points go on the market?

I'm guessing the constraint is that there are a "limited" amount of GW's allocated per week/per room category .... but just wondering.

What might I be missing? / Thoughts?

 

[Sandisw]

Back to gfv

next week feb 3 aul/riv go up in price. I’m predicting gfv pricing and or sales start feb 3

I think we will see pricing next week, but with nothing yet declared, they can not legally sell yet…unless they sell the old points on hand, but they’d have to have a decent amount to bridge between the two.

I say sales actually start in March.

 

[Sandisw]

There's already a tour room in the old villas, my best guess is they will use that until the newly reno'd big pine rooms are ready to stick a guide in.

Edited to acknowledge I have not kept up on the Reno of the old villas, which will have a similar style but different layout so again, probably limited need to actually tour the "new rooms"

The resort studios will be different than the current studios so what has been done is not going to be the same. The nee rooms include two beds, a daybed, and no kitchenette.

 

[Sandisw]

If VGF1 and VGF2 are under the same association, is it reasonable to assume that if someone wanted to purchase a "guaranteed week" contract, that every room category would be available for purchase?

For example if we wanted to buy a 1 or 2 bedroom guaranteed week contract, that option would be available for purchase when VGF2 points go on the market?

I'm guessing the constraint is that there are a "limited" amount of GW's allocated per week/per room category .... but just wondering.

What might I be missing? / Thoughts?

They can only sell you a guaranteed week in one of those if the have enough points deeded to the current building that holds them.

The points for the new rooms will be deeded to the new building so they can not sell you a guaranteed week with those points for anything but the resort studios.

So, once sales start, it will really depend on what they own. They did do a decent amount of ROFRing this past year, so it’s feasible they could.

But these new points won’t apply

 

[Epcot Forever Forever]

They can only sell you a guaranteed week in one of those if the have enough points deeded to the current building that holds them.

The points for the new rooms will be deeded to the new building so they can not sell you a guaranteed week with those points for anything but the resort studios.

So, once sales start, it will really depend on what they own. They did do a decent amount of ROFRing this past year, so it’s feasible they could.

But these new points won’t apply

I will just add that Disney has been selling GWs for VGF1 over the last few years, so I imagine if you can’t get one right away you can get one eventually.

 

[EYL]

They can only sell you a guaranteed week in one of those if the have enough points deeded to the current building that holds them.

The points for the new rooms will be deeded to the new building so they can not sell you a guaranteed week with those points for anything but the resort studios.

So, once sales start, it will really depend on what they own. They did do a decent amount of ROFRing this past year, so it’s feasible they could.

But these new points won’t apply

I was under the impression that DVC must own at least 2% of the entire resort. So if VGF1/VGF2 is considered under the same association and they're adding more points to the entirety, then they can own 2% of the whole without differentiating which building. Also, since the GW is capped at 35% per room type (resort studio vs deluxe studio), if there is availability for a specific week and the points are there (even if it's in VGF1), they should be able to sell it. I say this because if this is true, the sale of additional VGF1 GW's could hose the availability for the original owners and would be extremely "unfair."

Obviously, this is all my interpretation (and I am far from an expert with DVC) when researching GW's for RIV, and watching this all unfold is very interesting...

 

[Sandisw]

I was under the impression that DVC must own at least 2% of the entire resort. So if VGF1/VGF2 is considered under the same association and they're adding more points to the entirety, then they can own 2% of the whole without differentiating which building. Also, since the GW is capped at 35% per room type (resort studio vs deluxe studio), if there is availability for a specific week and the points are there (even if it's in VGF1), they should be able to sell it. I say this because if this is true, the sale of additional VGF1 GW's could hose the availability for the original owners and would be extremely "unfair."

Obviously, this is all my interpretation when researching GW's for RIV, and watching this all unfold is very interesting...

ETA: We have confirmation from someone with a GW that points only need to be at the resort....it does not have to be in a unit of the same size.

 

[EYL]

This is true, but they still have to have enough points deeded and in stock to sell a GW in a 1 or 2 bedroom unit.

The point was more that the new points won’t change that requirement. Now, could they give up all points deeded to the old building and keep the 2% deeded to the new building?

I don’t think so because I thought it had to be by units. But, I am not sure and have to look at that again.

However, they can not deed someone to the new building as a GW week in anything but a resort studio.

Anyone who now wants a GW for a 1 bedroom, would have to be deeded to a 1 bedroom unit and to do that, the points must be available.

Ah! I understand what you're saying now. Thanks for the explanation!

 

[KAT4DISNEY]

They can only sell you a guaranteed week in one of those if the have enough points deeded to the current building that holds them.

The points for the new rooms will be deeded to the new building so they can not sell you a guaranteed week with those points for anything but the resort studios.

So, once sales start, it will really depend on what they own. They did do a decent amount of ROFRing this past year, so it’s feasible they could.

But these new points won’t apply

For certain? In a traditional timeshare I'd believe that would be the case but DVC remains a point based system that sells a contract with a guaranteed reservation for a particular week every year for certain size unit. The only thing I've seen outlined is that they are restricted to selling no more than 35% of reservations for any room type for any week. They don't have to have the deed assigned to a unit with that type of accommodation I don't believe.

 

[Sandisw]

For certain? In a traditional timeshare I'd believe that would be the case but DVC remains a point based system that sells a contract with a guaranteed reservation for a particular week every year for certain size unit. The only thing I've seen outlined is that they are restricted to selling no more than 35% of reservations for any room type for any week. They don't have to have the deed assigned to a unit with that type of accommodation I don't believe.

ETA: My information was not correct and people have bought FW and not been deeded to units that have those room sizes.

 

[KAT4DISNEY]

From my understanding and research it is that you are deeded to a unit that includes the room type for your fixed week.

Yes, limits to 35% per POS and prior to this it wasn’t really an issue because things were not added later. This would be the first.

I am going to have tI see if I can locate where I found it because I’d don’t want to give misinformation for sure!!

My question would be if it has to be or if that's the way it's generally happened because most units declared do have multiple types of units? So for example every walk in shower fixed week owner is deed to a unit that has a walk in shower villa?

 

[Sandisw]

My question would be if it has to be or if that's the way it's generally happened because most units declared do have multiple types of units? So for example every walk in shower fixed week owner is deed to a unit that has a walk in shower villa?

ETA: It has been clarified by @Lorana that a GW does not have to be deeded to a unit that contains that actual rooms size, so it is possible that GW will be offered with the new points being sold at VGF

 

[zebsterama]

Ok --- since I've started with the fixed week question ... I have a follow-up.

If I'm an existing VGF1 points holder without a specific guaranteed week, is there an opportunity for me to purchase a guaranteed week with my existing point total (or supplement/pay a premium to obtain a fixed week)? Are things like that allowed?

also ..... if the answer is YES that is possible, does it matter if I'm a direct DVC purchaser or resale?

 

[Sandisw]

Ok --- since I've started with the fixed week question ... I have a follow-up.

If I'm an existing VGF1 points holder without a specific guaranteed week, is there an opportunity for me to purchase a guaranteed week with my existing point total (or supplement/pay a premium to obtain a fixed week)? Are things like that allowed?

also ..... if the answer is YES that is possible, does it matter if I'm a direct DVC purchaser or resale?

You can not convert your contract to a fixed week.

It has to be deeded as a fixed week which requires a new contract.

Now, can DVD put a policy in place to allow it to happen? Maybe, but it would most likely be them buying the current one back very cheap and selling you a brand new one.

 

[zebsterama]

You can not convert your contract to a fixed week.

It has to be deeded as a fixed week which requires a new contract.

Now, can DVD put a policy in place to allow it to happen? Maybe, but it would most likely be them buying the current one back very cheap and selling you a brand new one.

I figured as much --- it seemed to good to be true.

Thanks!

 

[Lorana]

Unless Disney decides to close their water parks their pretty unlikely to do anything that is close to SAB again.

Reflections was going to have a lazy river and a pool area. Of course, Reflections is tabled for now. But one* can hope it’ll return!

*that would be me. I’m hoping!

 

[nuhusky123]

I’m sure something will be built on that land. It was cleared and graded if I’m not mistaken. That’s not cheap so Disney will want to use it eventually