The VGF 2 pricing thread

[Chuck96]

I think pissed would be too strong a word for my response. Disappointed is more apropos, and I admit that the lack of meaningful incentives certainly affected my choice between 150 or 175 points. But in the end, the $207 was what got me in the door. TBH, I am more upset about the proposed modernization and IP incorporation currently being prepped for VGF, since I bought there because of the existing (gentle) theming. But as I said yesterday, it's a 40 year contract, so I'm hopeful that they'll be making decisions I like more in years to come. And I assume that VGF will retain enough of its faux Victorian charms to remain pleasant and unique.

 

[Lucky Wall-E]

New buyers must have one at 150. The rest can then be split as low as 50.

The guide I spoke with yesterday is willing to let me buy a 150 and a 25pt. for a total of 175. However, I am wondering if I should buy 50 instead of 25. I am buying the extra points as a buffer of 10-20% of what I think I need as suggested earlier in this thread.
My questions is about the future. Since the future is always unknown, there may come a time I need to sell some of my points. Does anyone think a 25 pt would not offer much for resale buyer compared to a 50 pt? The 25 point could maybe buy 3-4 nights in a studio if the points are banked and borrowed. If banked and borrowed, a 50 pt would be about 7 nights in a studio or possibly 3 nights in a 2 bedroom. As far as transferring points from one contract to another, 25 points might seem really small to work with. Any thoughts would be appreciated. Thanks.

 

[Sandisw]

Wow only $91!? For 85 points they are telling me it's $333 for closing and $250 doc fee.

I have noticed the resort can make a difference because of the taxes, etc. that are applied. Get a breakdown of each element. For my VGF 150, it was $236 plus $250, if I don't include the title insurance (which I did pay). That $333 sounds correct if it has the title insurance in it which will always be quoted at the start.

 

[Sandisw]

The guide I spoke with yesterday is willing to let me buy a 150 and a 25pt. for a total of 175. However, I am wondering if I should buy 50 instead of 25. I am buying the extra points as a buffer of 10-20% of what I think I need as suggested earlier in this thread.
My questions is about the future. Since the future is always unknown, there may come a time I need to sell some of my points. Does anyone think a 25 pt would not offer much for resale buyer compared to a 50 pt? The 25 point could maybe buy 3-4 nights in a studio if the points are banked and borrowed. If banked and borrowed, a 50 pt would be about 7 nights in a studio or possibly 3 nights in a 2 bedroom. As far as transferring points from one contract to another, 25 points might seem really small to work with. Any thoughts would be appreciated. Thanks.

Just be prepared that they may come back and not allow the 25 point contract to go through. Sometimes guides say yes, and then QA does not approve. The minimum for add on is now 50 points for VGF. But, IMO, I would always opt for more if I can swing it, especially if your incentive goes up, even a little from 175 to 200.

 

[CarolMN]

The guide I spoke with yesterday is willing to let me buy a 150 and a 25pt. for a total of 175. However, I am wondering if I should buy 50 instead of 25. I am buying the extra points as a buffer of 10-20% of what I think I need as suggested earlier in this thread.
My questions is about the future. Since the future is always unknown, there may come a time I need to sell some of my points. Does anyone think a 25 pt would not offer much for resale buyer compared to a 50 pt? The 25 point could maybe buy 3-4 nights in a studio if the points are banked and borrowed. If banked and borrowed, a 50 pt would be about 7 nights in a studio or possibly 3 nights in a 2 bedroom. As far as transferring points from one contract to another, 25 points might seem really small to work with. Any thoughts would be appreciated. Thanks.

I wonder if the guide promised something (25) that might not actually make it through.

If you can afford 50, I'd go with 50. A 25 point contract just doesn't get you much at VGF, and it would be an anomaly. AFAIK, we have not ever been able to buy a 25 point add-on for VGF.

Good luck with your decision.

 

[Aela]

Wow only $91!? For 85 points they are telling me it's $333 for closing and $250 doc fee.

Make absolutely sure they are removing the title insurance. I asked for it to be taken off (twice), and was quoted 559+250. I confirmed that the title insurance was removed, it wasn’t! Then it dropped it to 380+250. 150 points, VGF new member

 

[Aela]

I have noticed the resort can make a difference because of the taxes, etc. that are applied. Get a breakdown of each element. For my VGF 150, it was $236 plus $250, if I don't include the title insurance (which I did pay). That $333 sounds correct if it has the title insurance in it which will always be quoted at the start.

Plus you are not a new member correct? So your rate will be lower.

 

[Lucky Wall-E]

I wonder if the guide promised something (25) that might not actually make it through.

If you can afford 50, I'd go with 50. A 25 point contract just doesn't get you much at VGF, and it would be an anomaly. AFAIK, we have not ever been able to buy a 25 point add-on for VGF.

Good luck with your decision.

Okay, thanks. I was thinking of just making it a full 175 contract so as not to have to mess with a small one. But I do see the values in having a separate 50 pt as well. I'll think a little on this.

 

[Sandisw]

Plus you are not a new member correct? So your rate will be lower.

There is not discount on closing costs for new vs current members. Those fees were recording of deed and taxes paid to the county.

Everyone pays the $250 document prep fee now. As mentioned, the only thing optimal is title insurance which is included automatically unless one asks for it to be removed.

 

[Red Dog Run]

I must be blind of frustrated. Where is the new incentive list? I looked at my add on tool, but it only says to request the points I want.

 

[Aela]

There is not discount on closing costs for new vs current members. Those fees were recording of deed and taxes paid to the county.

Everyone pays the $250 document prep fee now. As mentioned, the only thing optimal is title insurance which is included automatically unless one asks for it to be removed.

You pay less per point, so as a previous member your closing costs should be less.

 

[MiraclesTakeTime]

There is not discount on closing costs for new vs current members. Those fees were recording of deed and taxes paid to the county.

Everyone pays the $250 document prep fee now. As mentioned, the only thing optimal is title insurance which is included automatically unless one asks for it to be removed.

Wouldn't it be a good thing to have title insurance? What would be the purpose in having it removed?

 

[Aela]

Wouldn't it be a good thing to have title insurance? What would be the purpose in having it removed?

Since you are buying directly from Disney, the title doesn’t need to be confirmed. Assuming you trust that Disney is honest with you about the title being clear.. in resale market, 100% get title insurance!

 

[MiraclesTakeTime]

Since you are buying directly from Disney, the title doesn’t need to be confirmed. Assuming you trust that Disney is honest with you about the title being clear.. in resale market, 100% get title insurance!

Thank you for this clarification!

 

[Sandisw]

You pay less per point, so as a previous member your closing costs should be less.

I see what you mean but I was talking g what what is actually charged which isn’t based on being an owner but price one is paying.

If both a current and new owner bought 150 points today at SSR which has no incentives then closing costs are the same.

 

[Sandisw]

Wouldn't it be a good thing to have title insurance? What would be the purpose in having it removed?

I know many think that buying from the developer ensures it’s not needed but the insurance helps in case something happens.

For me, it wasn’t enough for me not to keep it because in the end, my luck would be that an issue happened.

 

[Aela]

I see what you mean but I was talking g what what is actually charged which isn’t based on being an owner but price one is paying.

If both a current and new owner bought 150 points today at SSR which has no incentives then closing costs are the same.

Correct! I was just confirming why your closing cost so much less then my 150 points at VGF!

 

[Docwheeze]

Disappointed? Yes, as a new member. But overall, VGF remains an attractive property to become an owner. Looking at the original survey for this thread, 79% of respondents anticipated a higher price than Riviera with 56% a much higher price. It is not. Additionally, in southern California we are well aware of the Hotel del Coronado which Grand Floridian was modeled after. It was in somewhat disrepair 30 years ago until a major refurbishment restored the hotel to its previous glory and now as popular as ever. GFV is a flagship hotel for WDW and I can't imagine Disney would not do everything to maintain and increase its value which is beneficial for all DVC owners. So overall happy to have the opportunity to own here.

 

[Docwheeze]

Excuse me, correction. 23% a much higher price. Sorry. And once again thanks to all of you for the great feedback on buying into DVC.

 

[Aela]

Disappointed? Yes, as a new member. But overall, VGF remains an attractive property to become an owner. Looking at the original survey for this thread, 79% of respondents anticipated a higher price than Riviera with 56% a much higher price. It is not. Additionally, in southern California we are well aware of the Hotel del Coronado which Grand Floridian was modeled after. It was in somewhat disrepair 30 years ago until a major refurbishment restored the hotel to its previous glory and now as popular as ever. GFV is a flagship hotel for WDW and I can't imagine Disney would not do everything to maintain and increase its value which is beneficial for all DVC owners. So overall happy to have the opportunity to own here.

Exactly, we bought today.. And we just could not see Riviera being worth it, even with all the bonuses. The fees are so high we’re paying less per month at grand Floridian then we would have been at Riviera