The VGF 2 pricing thread

[Boardwalk III]

I'm sure I missed this in my search so I apologize for asking this again. I have a December UY. If I bought into the Floridian, would I have the 22UY points available now to book for next year? Or do I need to wait until the new rooms open in the summer to actually use those points?

Yes, and you can also borrow them back into 2021 if you’d like (subject to the 50% borrowing rule I assume).

 

[CarolMN]

I'm sure I missed this in my search so I apologize for asking this again. I have a December UY. If I bought into the Floridian, would I have the 22UY points available now to book for next year? Or do I need to wait until the new rooms open in the summer to actually use those points?

You can book VGF1 rooms as soon as the points are in your account. You only have to wait if you want to book one of the new resort studios. Those can be booked for dates after mid June beginning on 3/14/22 by calling MS.

 

[KAT4DISNEY]

Especially since (per the DVC direct price charts on Dis - https://www.disboards.com/threads/so-youve-decided-to-buy-dvc.3567366/#post-56896794) BLT opened in 2008 at $112 & by Jan. 2012 the BLT direct price was $155. I don’t know whether incentives are reflected in the historical DVC price chart.
VGF1 opened at $145 in 2013 - roughly 9 years ago & it never got any cheaper -
the $199 per point that I paid for the 125 point contract I just bought averages to a 3.6% price increase per year over 9 years. Which is higher than the very low inflation we’ve experienced over the last 9 years, but lower than the Disney inflation of the last several years IMO.
I used this calculator to determine what the current price would be if only inflation was added over the last 9 years https://www.usinflationcalculator.com/ and the result was $175.
Of course the 2013 price was for a 50 year contract and the 2022 price is for a 42 year contract - so the 2022 product has less value than the 2013 version. Also, assuming demand impacts price, VGF was very small & you really needed home resort booking to reliably stay there - doubling the size will increase the supply of studios at least & thus could lower demand going forward, so perhaps less valuable in that sense as well.
While playing with the numbers is interesting, my VGF2 points purchase like my VGF1 purchase was an emotional rather than financial decision, if numbers were driving my DVC decisions I would have bought SSR several years ago w/ it’s cheap price & at the time cheapest MFs.

That list just shows the base price. Incentives changed so much it would have gone on and on and on if they had tried to include that!

Let's see - there were cash discounts off purchases - I even purchased at a couple different resorts including "sold out" to reach the levels for discounts - it wasn't quite as specific as it is now obviously. Need 25 more points? Oh, lets tack on a small BCV contract. The discounted price at BLT was higher when sales started than what it would later. Cash discounts, developer points, annual passes and cruises were all things up for grabs. At one point they wanted to sell VGC so badly it had discounts that got it down to $88/pt! Not certain if BLT dipped quite that low but it got down in the low 90's anyway.

 

[KAT4DISNEY]

I'm sure I missed this in my search so I apologize for asking this again. I have a December UY. If I bought into the Floridian, would I have the 22UY points available now to book for next year? Or do I need to wait until the new rooms open in the summer to actually use those points?

Right now you could use them to book dates after the mid-June VGF2 opening. You cannot use them for stays prior to that mid-June date. You'd borrow for any dates between the mid-June opening and Dec 1, 2022 and would be restricted to borrowing up to 50% of the points. Good to go for anything after Dec 1st.

 

[sndral]

That list just shows the base price. Incentives changed so much it would have gone on and on and on if they had tried to include that!

Let's see - there were cash discounts off purchases - I even purchased at a couple different resorts including "sold out" to reach the levels for discounts - it wasn't quite as specific as it is now obviously. Need 25 more points? Oh, lets tack on a small BCV contract. The discounted price at BLT was higher when sales started than what it would later. Cash discounts, developer points, annual passes and cruises were all things up for grabs. At one point they wanted to sell VGC so badly it had discounts that got it down to $88/pt! Not certain if BLT dipped quite that low but it got down in the low 90's anyway.

I remember when they were giving away cruises - & giving extra points - developer points, w/ SSR for example, so kind of the opposite of VGF right now, because that’s when I first started to seriously think about buying, although it took me a few years & I started w/ resale, which wasn’t as restricted then as it is now.

 

[KAT4DISNEY]

In the past, when a UY was left out, there was no concession for it. The big difference was a new resort and when it opened.

For example, IIRC when BLT opened, June UY was the first UY to get points…2009. Anyone buying with Feb to April UY started with 2010 points because nothing could be used until August.

VGF does already exist so technically, they can offer anything but could treat it like they do now. If you try to buy and the don’t have the points, they won’t sell you.

Until sales start, we really just don’t know because I can’t remember how it worked with SSR and the treehouses, or if they have a completely different plan.

March 3rd will be the day to find it all out!

I finally remembered what they used to do that compensated for UY's that weren't going to receive current points. At least for BLT and a couple others. Developers points. Sometimes they were an incentive but they also were a compensation for not getting the resort points. It varied - once we got DP's that were good everywhere. The other time they were restricted to SSR which was still in sales so DVC dipped into that pool.

 

[sndral]

I'm sure I missed this in my search so I apologize for asking this again. I have a December UY. If I bought into the Floridian, would I have the 22UY points available now to book for next year? Or do I need to wait until the new rooms open in the summer to actually use those points?

I also have a December use year, on March 14 (when booking for VGF2 will open) I can call MS & book a stay at VGF2. For stays from opening June 19, 2022 - Nov. 30, 2022, I can borrow up to 50% of my new VGF2 points. For stays between Dec. 1, 2022 - Feb. 14, 2023 + 7 days (11 months) I can use 100% of those 2022 points plus if needed I can borrow up to 50% of my 2023 points.
I already own VGF1 points, so I can dip into that pool of points on 3/14 to book VGF2 if I need (although I’m in borrowing mode w/ those so I have no 2021 points left, hence the need for more points.)
If you want to book at VGF1 you can do so as soon as your new VGF2 points load & no need to call to book - again borrowing up to 50% of your 2022 points for stays before 12/1/22 or for stays after 12/1/22 using 100% + borrowing 50%.

 

[JoeyPeligroso]

Thats what I'm using them for. Plus, worst case scenario I have to stay at the Grand Floridian. Such hardship!

GFSAP

 

[Cyberc1978]

Have Rivera pricing been better at anytime after they opened or was the best you could ever get before the opening when they had the presale for members?

 

[Sandisw]

Have Rivera pricing been better at anytime after they opened or was the best you could ever get before the opening when they had the presale for members?

The incentives right after they opened back up at the closure may have been slightly better but for the most part, early incentives are usually the best.

 

[Paul Stupin]

I think I saw someone said that they were actually putting in offers for most of the Grand Floridian resale contracts and the ones that were left the owners would not go below the 180s. Even if the value fell, and we know it is worth much less, some owners may not be willing to sell at a lower value. I would not be surprised if people pull the contracts of the market and just rent points.

But the $180 price point still represents a $27 savings over direct. For people who don’t care about Riviera and are looking to save money on smaller point contracts, it could still be a viable option. And that $207 direct price will not last for long.

 

[Cyberc1978]

The incentives right after they opened back up at the closure may have been slightly better but for the most part, early incentives are usually the best.

Asking because I’m still considering VGF.

 

[thank_the_phoenicians88]

I asked a broker about the GVF resale market, and he noted that most owners are waiting out to see how things unfold when the resort goes on sale to the public. There was a family selling a contract for $190 a point compared to the direct pricing of $199. I made an offer and they countered with $195 a point haha. The broker agreed they are unrealistic, but it's within their right to wait and see, which I understand!

 

[Chuck96]

I too am waiting to see how things unfold when VGF2 goes on sale to the public (me).

 

[krysib]

I called Thursday at 1:30pm EST so I’m at about 54 hours now. Definitely sounds like something’s wrong. My guide emailed me Friday morning verifying I was in the queue, they had a backlog of 250+ contracts, and qualified for luggage as it was based on entry into queue. So who knows at this point.

OK-officially waiting a full week now. Guide was out over the majority of the weekend, turns out paperwork the guide filed Thursday had errors and needed more info. Got that resolved Monday and asked for title insurance removal. Can't seem to get a set of docs without errors (awaiting my third set).

Is this a guide problem or a QA problem?

And now my guide is going on vacation. Beyond frustrated to go from first day purchase to having to chase down correct paperwork.

 

[sndral]

OK-officially waiting a full week now. Guide was out over the majority of the weekend, turns out paperwork the guide filed Thursday had errors and needed more info. Got that resolved Monday and asked for title insurance removal. Can't seem to get a set of docs without errors (awaiting my third set). Is this a guide problem or a QA problem?

And now my guide is going on vacation.

Beyond frustrated to go from first day purchase to having to chase down correct paperwork.

Ouch, hopefully third times a charm. As irritating as it is at least QA caught the mistakes.
I think they have been crushed, the early Thursday buyers were getting paperwork in a couple of hours, mine took over 24 hours to arrive when I bought Friday, people buying now are being told it may take 48 hours. As long as I can book a couple nights in the new building when booking opens on 3/14 I’m good.

 

[ninafeliz]

OK-officially waiting a full week now. Guide was out over the majority of the weekend, turns out paperwork the guide filed Thursday had errors and needed more info. Got that resolved Monday and asked for title insurance removal. Can't seem to get a set of docs without errors (awaiting my third set).

Is this a guide problem or a QA problem?

And now my guide is going on vacation. Beyond frustrated to go from first day purchase to having to chase down correct paperwork.

Wow, I hope you get it sorted out and the wait isn’t impacting you-ie you weren’t planning on booking the new rooms as soon as they opened up. I also hope your guide finished it before leaving for vacation?? It sounds like just a run of bad luck combined with timing? I talked to my guide Thursday morning around 10:15 ET, my cc was charged my down payment at about 1:00 PM, I got my edocs shortly after that, I got my points sometime between when my cc was charged and evening, we signed all of the contracts Thursday evening, I talked to my guide again friday am to let him know how to break up the remaining amount to charge and when to charge it, and then Monday I got separate emails letting me know that my documents were all final and complete- they came in over a few hours (I had 4 because we split into two 150 point contracts and had a separate one for the luggage for each set of points). So it was very smooth and timely, I think I just snuck in before things got crazy and backed up!

 

[krysib]

Ouch, hopefully third times a charm. As irritating as it is at least QA caught the mistakes.
I think they have been crushed, the early Thursday buyers were getting paperwork in a couple of hours, mine took over 24 hours to arrive when I bought Friday, people buying now are being told it may take 48 hours. As long as I can book a couple nights in the new building when booking opens on 3/14 I’m good.

Nope- I caught the mistakes and had to explain it to QA. Currently awaiting the fourth revision as I caught the same issue later in the paperwork--they are saying now that they may have to void the whole contract and start over with an '002' number.

 

[ninafeliz]

Nope-I caught the mistakes. Onto the fourth revision as I caught another--they are saying now that they may have to void the whole contract and start over with an '002' number.

What mistakes are you finding?? I did read/skim all 32 pages of the contract, but I have to admit that I pretty much assumed any contract Disney gave us would be correct! When we did our first contract in person they just handed us an iPad and told us where to sign, we would have had to make an issue to even read the thing. Our guide (or maybe someone else came in with the iPad for the contract part, I can’t remember for sure) just summarized what each signature was for.

 

[krysib]

What mistakes are you finding?? I did read/skim all 32 pages of the contract, but I have to admit that I pretty much assumed any contract Disney gave us would be correct! When we did our first contract in person they just handed us an iPad and told us where to sign, we would have had to make an issue to even read the thing. Our guide (or maybe someone else came in with the iPad for the contract part, I can’t remember for sure) just summarized what each signature was for.

The closing costs, deposit amount and remaining due amount are incorrect. I also asked for the final due date to reflect the payment schedule agreed to and approved.
(I have final payment scheduled in May but the contract stated final payment due a month earlier in April).

Interestingly the dollar amounts were correct in the settlement statement but NOT in the purchase agreement.