The VGF 2 pricing thread

[nuhusky123]

Of course but it’s literally a commodity item so pricing significantly above the market means you’ll never sell. It’s wasting the brokers time and resources.

I imagine brokers are trying to milk every last $ before gfv2. Feels almost predatory

 

[Ssplashhmtn]

I agree. Anyone with half a brain will wait for vgf2. Sellers or brokers expecting to get these crazy prices must ride Peter Pan too often

What’s crazy about current resale prices for VGF? Purchasing VGF at $200 per point, if I buy enough points for a week’s stay, I’m averaging about $260/night for a studio (including dues and point purchase divided cost across the remaining 43 years). That compares to about $800 with tax for a hotel room at Grand Floridian. A studio and a hotel room aren’t 100% apples to apples, but close enough that I don’t consider these VGF prices high at all.

 

[Matty B13]

That’s my read. There’s almost 1100 DVC contracts for sale across all sites right now. In May there were less than 300.

Of the 52 VGF contracts on the market right now, 36 are more than 2 weeks old, 27 are over a month old, and 19 are 2+ months old.

Of the 16 posted 15 are sub $200, and 5 are $191 or lower.

I wonder how many of these contracts are owned by brokers who are trying to get out of them now. Kinda how Zillow bought up a lot of homes expecting to unload them at much higher prices...... now they are closing that department and taking a bath on those homes.

 

[kilik64]

I wonder how many of these contracts are owned by brokers who are trying to get out of them now. Kinda how Zillow bought up a lot of homes expecting to unload them at much higher prices...... now they are closing that department and taking a bath on those homes.

Most likely fairly accurate, except when the main one runs a rental arm, you can rent the points and bide your time for the market conditions to be more in your favor.

Course most of the ones they own seem to mainly come from foreclosures so they typically are getting for a decent amount cheaper PP than the current market rate.

 

[DVChris]

Most likely fairly accurate, except when the main one runs a rental arm, you can rent the points and bide your time for the market conditions to be more in your favor.

Course most of the ones they own seem to mainly come from foreclosures so they typically are getting for a decent amount cheaper PP than the current market rate.

Do foreclosures go through the ROFR process?

 

[JETSDAD]

Do foreclosures go through the ROFR process?

No, they don't.

 

[RoseGold]

Do foreclosures go through the ROFR process?

Disney is a frequent buyer in the foreclosure process.

 

[kilik64]

Disney is a frequent buyer in the foreclosure process.

Yup, and in essence that is their ROFR, either bidding enough to buy the foreclosure or letting someone else have it.

 

[JETSDAD]

Disney only bids to their judgment amount so they aren't really competing though. They credit bid the judgment amount so if that judgment is lower than market value Disney will not be getting it. If the judgment is greater than market value then Disney will get it because nobody will bid that high. It is in place of their ROFR but they aren't using that to keep prices up at all.

 

[mort1331]

Please correct me if i am wrong or it has beem talked about already and i missed it. Gfv2 being part of the current condo will have an expire sooner then Riv as well. So your also now paying a premium on a resort that will end sooner.
They alway toot 50 years, but you will only have 41.
Wondering if they word it different , like when the other '42 resorts came o board and did not have 50 years left in them.

 

[Sandisw]

Please correct me if i am wrong or it has beem talked about already and i missed it. Gfv2 being part of the current condo will have an expire sooner then Riv as well. So your also now paying a premium on a resort that will end sooner.
They alway toot 50 years, but you will only have 41.
Wondering if they word it different , like when the other '42 resorts came o board and did not have 50 years left in them.

That is correct. I just can’t imagine it won’t play a role in pricing they set.

 

[Epcot Forever Forever]

Please correct me if i am wrong or it has beem talked about already and i missed it. Gfv2 being part of the current condo will have an expire sooner then Riv as well. So your also now paying a premium on a resort that will end sooner.
They alway toot 50 years, but you will only have 41.
Wondering if they word it different , like when the other '42 resorts came o board and did not have 50 years left in them.

I dunno. They’re still actively selling Aulani and that has fewer years left than VGF.

 

[Sandisw]

I dunno. They’re still actively selling Aulani and that has fewer years left than VGF.

True but AUL is not a WDW resort so it’s competition against RIV is not the same.

I think it’s about pricing and having about 2 million points to sell. Sure, price it high and move it slowly to sell out RIV faster.

But then you have to wonder why do it at all? Just sit on the points you have, use the undeclared rooms at RIV for cash and leave VGF alone.

Just can’t see a situation where they price VGF so much higher than RIV that sales don’t occur.

Of course, we also know that figuring out the strategy of DVD is impossible at times so none of us really know!!!

 

[davidl81]

True but AUL is not a WDW resort so it’s competition against RIV is not the same.

I think it’s about pricing and having about 2 million points to sell. Sure, price it high and move it slowly to sell out RIV faster.

But then you have to wonder why do it at all? Just sit on the points you have, use the undeclared rooms at RIV for cash and leave VGF alone.

Just can’t see a situation where they price VGF so much higher than RIV that sales don’t occur.

Of course, we also know that figuring out the strategy of DVD is impossible at times so none of us really know!!!

I’m like you, and I can’t see any way DVC prices VGF high to help “spur” RIV sales. I still think VGF will have the same base price at launch as RIV (I also expect a small RIV base increase right before VGF launch). And more incentives for RIV than VGF. Although pre-sale current DVC owners for VGF may get a pretty attractive incentive package.
I also expect VGF to Increase in price pretty quickly after opening because I think demand will be high.

 

[Epcot Forever Forever]

I want to change my vote lol. I voted same as Riviera but now think it will be ~$10 more.

 

[RamblinWreck]

Is there any indication of when this is actually going to happen?

 

[davidl81]

Is there any indication of when this is actually going to happen?

My guide told me best guess is pre sale in January-February time frame.

 

[JETSDAD]

I talked to a guide that guessed next fall for sales because "if there's anything Disney is good at, it's missing deadlines".

 

[nuhusky123]

It’s killing me not knowing the price of gfv. I have addontis bad and keep having to talk myself out of buying Polly resale and that waiting for gfv is the right thing to do

wish Disney would just put us out our misery and make an announcement

 

[Epcot Forever Forever]

I talked to a guide that guessed next fall for sales because "if there's anything Disney is good at, it's missing deadlines".

Absolutely no way. This will be open next summer. Disney is terrible at park construction but they are exceptional at expedited room renovations.