VGF Resale Prices

[bravo2zero]

With the changes to incentives, it will be interesting to see what happens to VGF resale prices over the next few months. Most of the contracts listed are currently listed over even the new member price point that can be had at 150+ points. I wonder when the market will start to correct and what the June average resale price numbers will look like in a month.

 

[NEW-B]

Small contracts will hold steady while 150+ will drop I'm sure.

 

[pianomanzano]

Did I miss something about the current incentives? Isn’t it still 217pp minus $1500 and 5 free points for 150 points? which brings it down to around 200pp. The only resale one i see in that range is one 25pt contract. I wouldn’t buy any of the resale in the 180s, but if you can get one in the 150-160 range still some decent savings.

 

[WDWfantasy]

Did I miss something about the current incentives? Isn’t it still 217pp minus $1500 and 5 free points for 150 points? which brings it down to around 200pp. The only resale one i see in that range is one 25pt contract. I wouldn’t buy any of the resale in the 180s, but if you can get one in the 150-160 range still some decent savings.

Goodmorning! Calling our guide today

I think we’re ready to become Direct members. We own a smaller BW resale contract. Looking to add on 150 at GFV.

I’m trying to see how the math down to $161pp works.

GFV is $217 per point. Existing member incentives on a 150 point contract:

$32,550 = $217 x 150

-$1,085 Free 5 points credit

$31,465

-$2,500 Existing member incentive

$28,965

-$3,300 Rebate - Sell back 2022 Sept UY points

$25,665

-$1,500 Welcome Home discount for existing members with future booking (we have Dec ‘23 stay)

$24,165/150pts = $161.10 per point

Of course there’s closing costs and first year dues. Hopefully GFV dues stay on the less than average side.

I want to be prepared before reaching out to our guide and make sure I’m understanding correctly.

Edit - math off by $20 (thanks Jamie)

Direct is currently attainable at approximately $161 pp plus closing costs.

 

[bravo2zero]

Yes, direct with MB is $161 for add on and about $167 for new members I believe.

 

[Genie+]

Direct is currently attainable at approximately $161 pp plus closing costs.

That is pretty awesome!

I figured direct would never make sense for us. We had been watching resale for MK resorts when this offer came along. Zero regrets. Being able to try new resorts is a sweet bonus.

 

[DanCali]

When we were looking at resales a few weeks ago, I told the broker we could get VGF direct for ~$175 based on May's offer and argued resale prices were too high. He agreed with me... Now that it's ~$161 it's even more of a no brainer considering resale prices.

There's probably some truth to brokers artificially propping up prices to serve their own interests. You'll always get buyers who are not aware of direct deals. We almost pulled the trigger on a resale and then found out about this promo.

 

[pianomanzano]

Yes, direct with MB is $161 for add on and about $167 for new members I believe.

Ahh I’ve been out of the loop, that’s pretty good!

 

[Cfabar1]

I think a few things:

1. It’s not just VGF that will plummet.. The less desirable resorts that always have availability will be repriced accordingly as well. (OKW, SSR, and to come extent AKV)… Why pay all that money when you can be at the flagship property at an attractive buy in?

2. The brokers on the resale market have been playing major games since at least January when ROFR stopped. I have found several of them to be arrogant, non responsive, and borderline demeaning when I present a rational and “right priced’ offer compared to the direct incentives. This isn’t directed at any one particular agency, but actually a few. The one exception has been a company I am not allowed to mention on this website, where they were courteous, polite, and in fact encouraged me not to overpay for a contract. We are approaching a time very soon where only suckers will buy resale. I’m sure that will change, but for the moment that is where we are. Additionally, it has me questioning whether I will want to deal with X or Y resale company in the future Based on those interactions.

3. DVC is in course correction territory right now. They realize $217 was a mistake, and they are using promotions to bring the prices back to something closer that the market can bear to keep their sales activity going at the levels they need. I do not imagine this changing anytime soon. The rental market will prop things up somewhat, but Disney (and to a lesser extent Marriott) definitely have the upper hand here…

 

[KalamityJane]

I think a few things:

1. It’s not just VGF that will plummet.. The less desirable resorts that always have availability will be repriced accordingly as well. (OKW, SSR, and to come extent AKV)… Why pay all that money when you can be at the flagship property at an attractive buy in?

2. The brokers on the resale market have been playing major games since at least January when ROFR stopped. I have found several of them to be arrogant, non responsive, and borderline demeaning when I present a rational and “right priced’ offer compared to the direct incentives. This isn’t directed at any one particular agency, but actually a few. The one exception has been a company I am not allowed to mention on this website, where they were courteous, polite, and in fact encouraged me not to overpay for a contract. We are approaching a time very soon where only suckers will buy resale. I’m sure that will change, but for the moment that is where we are. Additionally, it has me questioning whether I will want to deal with X or Y resale company in the future Based on those interactions.

3. DVC is in course correction territory right now. They realize $217 was a mistake, and they are using promotions to bring the prices back to something closer that the market can bear to keep their sales activity going at the levels they need. I do not imagine this changing anytime soon. The rental market will prop things up somewhat, but Disney (and to a lesser extent Marriott) definitely have the upper hand here…

I’m wondering if the company you mentioned is the same one I dealt with. Definitely a breath of fresh air dealing with them!

 

[WDWfantasy]

I’m wondering if the company you mentioned is the same one I dealt with. Definitely a breath of fresh air dealing with them!

I am wondering the same thing! The one I’m dealing with for our current resale purchase has been great, although they are among “those we do not speak of“.

 

[RichVIII]

3. DVC is in course correction territory right now. They realize $217 was a mistake, and they are using promotions to bring the prices back to something closer that the market can bear to keep their sales activity going at the levels they need.

Agree. $217 has slowed things in two areas (at least in my opinion). New sales and even smaller contracts. I know Disney prefers to sell larger contracts but to current members smaller contracts often make sense but man that is steep.

 

[Paul Stupin]

I think a few things:

1. It’s not just VGF that will plummet.. The less desirable resorts that always have availability will be repriced accordingly as well. (OKW, SSR, and to come extent AKV)… Why pay all that money when you can be at the flagship property at an attractive buy in?

2. The brokers on the resale market have been playing major games since at least January when ROFR stopped. I have found several of them to be arrogant, non responsive, and borderline demeaning when I present a rational and “right priced’ offer compared to the direct incentives. This isn’t directed at any one particular agency, but actually a few. The one exception has been a company I am not allowed to mention on this website, where they were courteous, polite, and in fact encouraged me not to overpay for a contract. We are approaching a time very soon where only suckers will buy resale. I’m sure that will change, but for the moment that is where we are. Additionally, it has me questioning whether I will want to deal with X or Y resale company in the future Based on those interactions.

3. DVC is in course correction territory right now. They realize $217 was a mistake, and they are using promotions to bring the prices back to something closer that the market can bear to keep their sales activity going at the levels they need. I do not imagine this changing anytime soon. The rental market will prop things up somewhat, but Disney (and to a lesser extent Marriott) definitely have the upper hand here…

I don’t think VGF will “plummet.” I just think it will settle for the short term below $167. Isn’t that where it is now? I also think this is short term. Incentives come and go, and when VGF sells out a year from now the resale price is bound to rise right along with direct, which will skyrocket.

 

[Frederic Civish]

I thought you guys were talking about VGC, and NOT VGF! And I thought, NO! With prices) that low I HAVE to buy some VGC.

But then I had a reality check and realized it was impossible that you were talking about VGC.

Sigh.

 

[Genie+]

I thought you guys were talking about VGC, and NOT VGF! And I thought, NO! With prices) that low I HAVE to buy some VGC.

But then I had a reality check and realized it was impossible that you were talking about VGC.

Sigh.

As amazing as this VGF deal is, it would be insane for VGC!

 

[Matty B13]

Right now with the current direct price, I wouldn't pay over $140/point for VGF, I would be trying for $130/point.

Also, with all those "New" Points at the resort, DVC has taken the exclusivity of VGF away from the VGF 1.0 owners. Now with all the studios there it seems like VGF can be reserved at the 7 month mark.

 

[Genie+]

Right now with the current direct price, I wouldn't pay over $140/point for VGF, I would be trying for $130/point.

Also, with all those "New" Points at the resort, DVC has taken the exclusivity of VGF away from the VGF 1.0 owners. Now with all the studios there it seems like VGF can be reserved at the 7 month mark.

For sure. Resale is very overpriced at the moment. Most are still asking $170-$200. There’s also not many VGF on the market. I can’t even find one to match my Sept UY.

 

[Swaggerwagon]

I think a few things:

1. It’s not just VGF that will plummet.. The less desirable resorts that always have availability will be repriced accordingly as well. (OKW, SSR, and to come extent AKV)… Why pay all that money when you can be at the flagship property at an attractive buy in?

2. The brokers on the resale market have been playing major games since at least January when ROFR stopped. I have found several of them to be arrogant, non responsive, and borderline demeaning when I present a rational and “right priced’ offer compared to the direct incentives. This isn’t directed at any one particular agency, but actually a few. The one exception has been a company I am not allowed to mention on this website, where they were courteous, polite, and in fact encouraged me not to overpay for a contract. We are approaching a time very soon where only suckers will buy resale. I’m sure that will change, but for the moment that is where we are. Additionally, it has me questioning whether I will want to deal with X or Y resale company in the future Based on those interactions.

3. DVC is in course correction territory right now. They realize $217 was a mistake, and they are using promotions to bring the prices back to something closer that the market can bear to keep their sales activity going at the levels they need. I do not imagine this changing anytime soon. The rental market will prop things up somewhat, but Disney (and to a lesser extent Marriott) definitely have the upper hand here…

This was my experience as well in April when I made a couple of reasonable offers for resale contracts at OKW and Saratoga. The agents were very arrogant and acted offended when I offered below asking price, even by only a couple of dollars. One voice mail I received was so insulting, it was clear she thought I was wasting her time. I ended up doing some more research and bought points directly from Disney for Grand Floridian. The process was easy, very pleasant, and now I won’t have any restrictions on future resorts. I’m very happy with the decision!

 

[mamaofsix]

Yes, direct with MB is $161 for add on and about $167 for new members I believe.

I believe the direct "welcome home" rebate is for U.S. citizens only, correct? I'd be interested to know what the direct cost is for those of us who are International.

 

[Yankee626]

Right now with the current direct price, I wouldn't pay over $140/point for VGF, I would be trying for $130/point.

Also, with all those "New" Points at the resort, DVC has taken the exclusivity of VGF away from the VGF 1.0 owners. Now with all the studios there it seems like VGF can be reserved at the 7 month mark.

There is no availability for a full week anywhere at 7 months except SSR , OKW or Kidani for a studio. It seems to be like that most of the year.