VDH Questions for Purchasing

[atthebeachclub]

I forgot to mention: document fees are $250 per contract; title insurance (I waffled on this but ultimately bought it) was $80.

So $12 more per point for my extra split. I think a 51 point contract could sell for $12 more than a 100 point contract. It's like free insurance your contract will sell faster if you ever are in the position you have to sell it.

 

[ClaraOswald]

21

Nice! You beat me.

 

[Wedgeout]

You can pay off your splits one at a time and reduce your monthly loan burden

That’s a perfect reason to split it. Never just pay your minimums until a loan is paid. Have this plan to pay extra and get one part of the loan paid faster, giving full control of at least one of the contracts.

 

[tx911]

Nice! You beat me.

I’m old

 

[VGCgroupie]

Here's my argument for splitting a loan:
Disney doesn't loan to you out of the goodness of their hearts. They know a certain amount of buyers will default and they can take the points back. If you plan to pay your loan off quickly, splitting your loan reduces your risks. You can pay off your splits one at a time and reduce your monthly loan burden. I split my contract three ways last month, and paid off half so far, but made sure I paid off one of those loans in full already. The rest will be paid in a few weeks.

It's nice to own things outright. If you didn't split, you wouldn't own any of it outright until you paid off your full loan.

Didn’t even know this. Makes it an even better choice imo now.

 

[Girlstar30]

On 51 points (yes, one of my splits was 51 points) I paid $380 in closing costs at VDH.

I wws literally going to pay $900 for Poly closing costs so 50 50 50 doesnt sound so bad

 

[Wedgeout]

She is somewhat indecisive and I could see her wanting to sell 50 points to buy 100 points somewhere else in the future, possibly near future

Yes. A unique one here. Like walking by a Disneyland churro cart and catching a whiff of a new flavor…..squirrel!!

 

[VGCgroupie]

I’m old

Together 23 years married 12. Im oldddd

 

[Girlstar30]

Doesn't the add-on tool give an estimate on closing cost? I wonder how close it is to reality.

The poly one was spot on it doesnt take into account the right price because if you put 50 points it wont give you the incentive discounts and im terrible at math and dont know what im doing and I dont want to bother my accountant. My guide sent ne an email I need to look at it I told her to send me the info for 50 50 50 split

 

[Girlstar30]

I’d happily give you one of mine. I don’t even use one!

Stop trying to steal my dvc bestie

 

[Girlstar30]

Here's my argument for splitting a loan:
Disney doesn't loan to you out of the goodness of their hearts. They know a certain amount of buyers will default and they can take the points back. If you plan to pay your loan off quickly, splitting your loan reduces your risks. You can pay off your splits one at a time and reduce your monthly loan burden. I split my contract three ways last month, and paid off half so far, but made sure I paid off one of those loans in full already. The rest will be paid in a few weeks.

It's nice to own things outright. If you didn't split, you wouldn't own any of it outright until you paid off your full loan.

I agree with this. This is how my brain works. I need things divided for me or I get overwhelmed lol. Paying off one contract would be a motivating win to me to keep going. It would probably make me pay off sooner to when I see the small amounts left. I know, weird how psychology works

 

[juliebee]

I'm so confused by the 7 day thing. So when we were at Disneyland, we got a tour of VDH. And the guide emailed us the sheet that listed the prices with incentives (the one that gets posted here on the dis.) So does that mean since I didn't purchase within a week....I'm not longer eligible this incentive cycle? That's weird.

This honestly makes no sense to me either. She's trying to say since she already told me the price then she can only guarantee it for 7 days.

The incentives are good until February I believe so I dont know why shes acting like they can change. I guess technically they could if something crazy like okw fire sale or vgf happened where everyone was buying but that is not the case here.

Yeah....the whole 7 day thing is weird. I know there's some fine print that says you have 7 days after a tour/presentation or whatever. But I don't see why one couldn't just do another one of their little online presentations to start the clock over.

I had a very quick basic conversation mid-December with the guide on duty at Golden Vine (or whatever it's called) and scheduled a VDH tour for two days later. Then we did the tour and the guide said we had 5 more days to decide because of the 7 day incentive pricing. I challenged that and said I knew the incentives are scheduled to change Feb 10 and he was all "sorry, it's 7 days and it started the first day we talked." Well, I wasn't ready to decide so off we left with our swag and such.

Then almost 4 weeks later, I emailed him and said what I wanted to purchase... and SURPRISE... there were NO problems with that. No "tour" needed and he didn't scold me for waiting past 7 days. He was just all happy and got me exactly what I asked for. I realize that if they stopped that incentive, I'd be out of luck, but the incentives were still going so all was fine.

I wouldn't let your guide pressure you into the 7 days thing, but just know that if they yank the incentives then on day 8 you get what you get.

 

[Wedgeout]

I’m should bring a few sliders to moonlight magic DCA. Have the DVC cruise ones too. They start to add up and gets difficult deciding which one to wear.

 

[VGCgroupie]

I’m should bring a few sliders to moonlight magic DCA. Have the DVC cruise ones too. They start to add up and gets difficult deciding which one to wear.

That would be so sweet! I gave away some hats at the lounge in FL since we had so many brand new ones we got from CA and Aul.

 

[Girlstar30]

Yeah I think this situation might warrant it more than others. She is somewhat indecisive and I could see her wanting to sell 50 points to buy 100 points somewhere else in the future, possibly near future. Not pertaining to girlstar specifically just as to someone who is financing in general. Having the flexibility to sell off a portion of your points for financial reasons and not having to sell all of them is huge plus. Having split contracts allows for ultimate flexibility.

Heyyy I decided

 

[Girlstar30]

I forgot to mention: document fees are $250 per contract; title insurance (I waffled on this but ultimately bought it) was $80.

So $12 more per point for my extra split. I think a 51 point contract could sell for $12 more than a 100 point contract. It's like free insurance your contract will sell faster if you ever are in the position you have to sell it.

Oh thanks for reminding me im going to ask her to waive the title insurance, I trust the mouse doesnt want to screw me over

 

[Wedgeout]

Oh thanks for reminding me im going to ask her to waive the title insurance, I trust the mouse doesnt want to screw me over

Yeah…odds they won’t. But errors can happen. These VHD deeds are filed in California. Might want peace of mind.

 

[Girlstar30]

That’s a perfect reason to split it. Never just pay your minimums until a loan is paid. Have this plan to pay extra and get one part of the loan paid faster, giving full control of at least one of the contracts.

My plan was to pay more and then the member cruise sailed along demanding payment by the 28th

 

[Girlstar30]

Yes. A unique one here. Like walking by a Disneyland churro cart and catching a whiff of a new flavor…..squirrel!!

Ugh hopefully they just stop building new hotels then problem solved okurrrr ive stayed at them all except ssr okw brv in fl and I doubt okw going to be driving me crazy

 

[Girlstar30]

I had a very quick basic conversation mid-December with the guide on duty at Golden Vine (or whatever it's called) and scheduled a VDH tour for two days later. Then we did the tour and the guide said we had 5 more days to decide because of the 7 day incentive pricing. I challenged that and said I knew the incentives are scheduled to change Feb 10 and he was all "sorry, it's 7 days and it started the first day we talked." Well, I wasn't ready to decide so off we left with our swag and such.

Then almost 4 weeks later, I emailed him and said what I wanted to purchase... and SURPRISE... there were NO problems with that. No "tour" needed and he didn't scold me for waiting past 7 days. He was just all happy and got me exactly what I asked for. I realize that if they stopped that incentive, I'd be out of luck, but the incentives were still going so all was fine.

I wouldn't let your guide pressure you into the 7 days thing, but just know that if they yank the incentives then on day 8 you get what you get.

Oh she ain't pressuring me im pressuring her. Ive been blowing her up the past two days and im driving to see her in person so she doesnt escape again