VDH Opening

[UrsulaWantsYourSoul]

Don't need a whole week of points to prevent someone else from booking with their whole-week-of-points. Just need 2 people booking at least 2 nights each who are better at booking or more aggressive at walking.

Well and with so few 1-3 bedroom units (especially just TWO grand villas)... it could get crazy hard especially at Christmas.

 

[CarolMN]

Don't need a whole week of points to prevent someone else from booking with their whole-week-of-points. Just need 2 people booking at least 2 nights each who are better at booking or more aggressive at walking.

True, you still need two 'someones' to be willing to do that every day for a long time and also have enough points to walk across the higher point-cost nights. IMO, as a large point owner, it wouldn't be hard to find a spot to begin a walk - and move it along every 5 or 6 days. YMMV.

 

[Chili327]

I wanted to search this thread, but not sure how… maybe someone can tell me what the bottomline is to purchase 150 points with the incentive discount ($210), as well as magic beginnings? ($188?)
When i use the add on tool it doesn’t show both discounts.
Im guessing multiple people did this exact scenario.?

 

[Sunnyore]

I wanted to search this thread, but not sure how… maybe someone can tell me what the bottomline is to purchase 150 points with the incentive discount ($210), as well as magic beginnings? ($188?)
When i use the add on tool it doesn’t show both discounts.
Im guessing multiple people did this exact scenario.?

This is what they gave us the other day at the DVC event. Current incentives is $2950 and if you sell your first year of points back (MB) that’s another $3300. So your bottom line is $28250 + closing costs which will depend on if you’re splitting the contracts or not. This is pricing for current members adding on which is $50 more than the initial promotion. I’m not sure if the new member promos are similar.

 

[Chili327]

View attachment 779709
This is what they gave us the other day at the DVC event. Current incentives is $2950 and if you sell your first year of points back (MB) that’s another $3300. So your bottom line is $28250 + closing costs which will depend on if you’re splitting the contracts or not. This is pricing for current members adding on which is $50 more than the initial promotion. I’m not sure if the new member promos are similar.

Hmm. $50 more of a discount or $50 more in cost?
And is new member vs add-on different?
I thought the only difference was add-on could buy 50 points where a new member had to buy 100.

 

[Sunnyore]

Hmm. $50 more of a discount or $50 more in cost?
And is new member vs add-on different?
I thought the only difference was add-on could buy 50 points where a new member had to buy 100.

I saved $50 more when I bought in first week of May. I don’t know the details but I believe new members have different discounts compared to current members. This is typically the case but I don’t have details for for VDH exactly. But what I have is what was provided for current members.

*edit to add - start at page 150 which is 5/30/23 when new members can add VDH. If you’re a new member don’t forget to get a Dream It Forward referral. If you’re a current member then what I provided above is correct.

 

[Chili327]

Ah yea, the dream it forward, i forgot about that one too.
I am actually looking at a 60pt contract to add-on, but i also have friends that i travel with so was thinking we could split 150 and save a bunch. They would be new members, but obviously if add-on was cheaper we could go that route too, which is why i was trying to get a bottomline number.
Thanks

 

[Sandisw]

Ah yea, the dream it forward, i forgot about that one too.
I am actually looking at a 60pt contract to add-on, but i also have friends that i travel with so was thinking we could split 150 and save a bunch. They would be new members, but obviously if add-on was cheaper we could go that route too, which is why i was trying to get a bottomline number.
Thanks

You realize that if both of you are on the purchase, then it’s a new membership since it would be different owners than your current one.
You’d qualify for member pricing, because you are a member, but one contract would have to be 100 points as that is the minimum for a new membership, even for owners as it’s no longer an add on.

 

[Chili327]

You realize that if both of you are on the purchase, then it’s a new membership since it would be different owners than your current one.
You’d qualify for member pricing, because you are a member, but one contract would have to be 100 points as that is the minimum for a new membership, even for owners as it’s no longer an add on.

Yea if i was splitting with them it would be 150 (50x3 or 75x2), but I was thinking if it was better for an add-on i would just add it on to mine, and if it was better to be new we would make it new. But i do see the issue with the add-on now would be its all mine not shared.

 

[Sandisw]

Yea if i was splitting with them it would be 150 (50x3 or 75x2), but I was thinking if it was better for an add-on i would just add it on to mine, and if it was better to be new we would make it new. But i do see the issue with the add-on now would be its all mine not shared.

They can’t become an owner on a contract for less than 100 points which is why doing the add on, as you say, means you are the only actual owner,

Even if you wanted a new UY, they would make you get at least one contract 100…they would not split them lower. When I did a new June UY last year with VGF, it had to be one 150 point contract since it was a new membership, but the 150 I was doing in a Dec UY, which I already owned, could be broken down lower had I wanted to do that.

 

[Chili327]

They can’t become an owner on a contract for less than 100 points which is why doing the add on, as you say, means you are the only actual owner,

Even if you wanted a new UY, they would make you get at least one contract 100…they would not split them lower. When I did a new June UY last year with VGF, it had to be one 150 point contract since it was a new membership, but the 150 I was doing in a Dec UY, which I already owned, could be broken down lower had I wanted to do that.

Gotch, so add-on I would be the sole owner (which would be fine), but new we both can be owners, but 1 would have to be 100 points.? (so the other portion could be 50 or no?)

 

[Sandisw]

Gotch, so add-on I would be the sole owner (which would be fine), but new we both can be owners, but 1 would have to be 100 points.? (so the other portion could be 50 or no?)

Yes, you can do 100 and 50 if you buy together, it becomes a new membership for you…so you can’t use the points with your other points without a transfer…but each of you would be an owner and each eligible for membership extras since the new membership has the 150.

 

[buzlite]

So someone recently bought a 1,250pts contract at VDH and I'm completely fascinated by it.

It's borderline un-sellable on resale, not optimized for incentives (yes, the buyer is likely wealthy and $10k in savings 'might not matter'), can't be broken down if they only need 1000 in the future, etc. I hope their guide at least tried to talk them into smaller contracts, like 5x250 or even 2x625.

I can only speculate they're planning to use them on a Grand Villa. Coincidentally (or not?), a week in a GV around Christmas (and peak Spring Break) is exactly 1,250pts.

Jumping down that rabbit hole: considering there's only 2 GVs, a Favorite Week in a GV will never exist due to the 35% rule. Plus there isn't a FW that always aligns with Christmas, if that's their goal.

And if VDH is like VGC, only one of the GVs will be non-accessible, which could make availability appear even more strained. But if they're savvy to it, this might actually help if they're okay with booking the accessible villa as it's probably in lower demand (and accessible rooms don't show up in searches by default).

I'm concerned that, in addition to the staggering inefficiency of the contract, that they won't be able to book what they want as easily as they might be hoping (or were promised, see: potentially unhelpful guide above). That's a crummy ownership experience for anyone, but especially at such an expense. I hope they're fully prepared to walk their reservation(s) to make their investment worthwhile.

There probably aren't many people who have nearly as many VDH points at them or are targeting GVs, but realistically even 400 available points from just 2 other bookers is enough to out-compete for Grand Villas at any given time. And those 400pts don't have to be from a single contract or UY, so it's actually fairly accessible. And considering how nice the GVs look (at least to me), I wouldn't be surprised if they have outsized popularity compared to their availability (2 of 344 units and 3% of total points).

Another theory is that the guide could have agreed to walk the reservation. For this huge of a sales commission I could imagine them offering to do it. Especially for a foreign buyer. I could see this being a handshake agreement. No evidence just a thought. I see similar things with TA’s managing families airline points balances in exchange for their cash business.

 

[Paul Stupin]

Another theory is that the guide could have agreed to walk the reservation. For this huge of a sales commission I could imagine them offering to do it. Especially for a foreign buyer. I could see this being a handshake agreement. No evidence just a thought. I see similar things with TA’s managing families airline points balances in exchange for their cash business.

I’ve never understood why buyers intent on accumulating so many points would buy a single contract that large, direct, as opposed to multiples for smaller points.
Whatever money they’ll save in closing costs will be dwarfed by the massively lower than average sales price they’ll have to accept should they ever decide to part with it.

 

[Cfabar1]

I’ve never understood why buyers intent on accumulating so many points would buy a single contract that large, direct, as opposed to multiples for smaller points.
Whatever money they’ll save in closing costs will be dwarfed by the massively lower than average sales price they’ll have to accept should they ever decide to part with it.

Who knows how much research they did into this....

We were not in a position to buy one big contract, but if we were, I could imagine just doing it, and not even thinking about selling down the line, or realizing that you could break it up and get the savings...

Without knowing the individual buyer and the use case, who knows...

I am skeptical that DVC would be willing to have a secret handshake agreement for walking unless there is more to the story than they bought a 1,000 point contract.

 

[Paul Stupin]

Who knows how much research they did into this....

We were not in a position to buy one big contract, but if we were, I could imagine just doing it, and not even thinking about selling down the line, or realizing that you could break it up and get the savings...

Without knowing the individual buyer and the use case, who knows...

I am skeptical that DVC would be willing to have a secret handshake agreement for walking unless there is more to the story than they bought a 1,000 point contract.

Yeah, I don’t think DVC sales agents are big on secret handshake agreements.

Re buying a contract that size, I don’t think you have to do a ton of research to realize that a contract that large might take months and months and months to sell.

 

[retlaw_yensid]

Not everyone buys into DVC with the intent of selling down the road.

 

[Chili327]

Not everyone buys into DVC with the intent of selling down the road.

Maybe not with that intent, but should be speculated and exit strategy should be thought about, just in case. Also one of the perks for DVC over other “timeshares” is that value of being able to get out if needed.

 

[Sandisw]

Maybe not with that intent, but should be speculated and exit strategy should be thought about, just in case. Also one of the perks for DVC over other “timeshares” is that value of being able to get out if needed.

Some people go in not caring about what they can sell for and with DVC every contract will sell for the right price…

With RoFR, set the price low to get a buyer. If someone is buying that large of a contract, they are most likely in a position to take the hit.

 

[Paul Stupin]

Not everyone buys into DVC with the intent of selling down the road.

I’ve never sold a contract, and did not buy with the intent of ever selling, but I did think about an exit strategy.