VGF Resale Prices

[pianomanzano]

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.

Somewhat of a similar situation when VGF2 first went on sale and prices were starting at $207pp and down to 180-200pp with incentives. Many brokers scoffed at offers in the 150-160pp range, citing the original VGF1 sold out price as justificatio for listing prices at or more than the going direct rates at the time. Some sellers pulled their contracts off the market (happened to one that I was placed an offer on). Good luck!

 

[cdirazonian]

I can’t even find one to match my Sept UY.

this was us also. Sept UY a VGF are very very few resale.

I started looking in January this year and couldn’t find any @ 150 - 200 Pts, so ended up in March buying a PVB that worked out fairly good…because I was getting really inpatient & needed to buy something after reading all the great deals happening on the ROFR thread.

but then couldn’t pass up this deal on VGF direct…way easier & cheaper than resale right now anyway. Should I’ve done both financially right now? That’s a big ‘NO’ but really couldn’t resist.

Hopefully, 3 yrs from now when the prices jump coz it’s a sold out resort and it’s selling for somewhere around $275/pt..I’ll feel much better about it. Unless they decide to turn another bldg there into DVC.

 

[Cfabar1]

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.

It also depends on when you want to travel and how you feel about paying for views. The Standard View studios you definitely want the 11 month window.

The bigger gripe original owners have, I think, is the tremendous overweight of studios. I think that down the road 1 BR and 2 BR units are going to get very competitive at VGF - especially for standard views. Of course the extremely aggressive points chart will help somewhat with that.

 

[Disney_escape]

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.

I think prices will plateau close to current levels ( unless a deep recession occurs) as hotel substitution/rental will help support the economics of owning.
Your thoughts on the resale brokers are spot on, there is a major one I don't even attempt to bid with anymore. They have shown themselves to be dishonest and rude. I'm guessing they think it's just one person, but it has cost them others as I have made sure to direct friends to the friendlier sites.

 

[Cfabar1]

I think prices will plateau close to current levels ( unless a deep recession occurs) as hotel substitution/rental will help support the economics of owning.
Your thoughts on the resale brokers are spot on, there is a major one I don't even attempt to bid with anymore. They have shown themselves to be dishonest and rude. I'm guessing they think it's just one person, but it has cost them others as I have made sure to direct friends to the friendlier sites.

I wonder if they even care to be honest. As long as they make their numbers and can sell to people who think they are saving a huge amount, they would probably prefer not to deal with cockroaches like me!

But DVC math is honestly hard enough right now - I am really not interested in overpaying.

 

[Paul Stupin]

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.

You might not be willing to pay over $140 a point, but then many sellers might not be willing to sell you a contract at those prices either. We’re VGF owners, and usually book the one bedrooms, which are not guaranteed at 7 months, but still mostly readily available for booking earlier. So that exclusivity is meaningful.

Also, the “Magical Beginnings” promotion wouldn’t work for me if I was going to buy direct. Personally, I wouldn’t want to buy a shiny new car that I couldn’t drive for a year!

 

[Cfabar1]

Also, the “Magical Beginnings” promotion wouldn’t work for me if I was going to buy direct. Personally, I wouldn’t want to buy a shiny new car that I couldn’t drive for a year!

Depending on your use year, in practicality there might not be much waiting for you to book until the next use year….

 

[Genie+]

Also, the “Magical Beginnings” promotion wouldn’t work for me if I was going to buy direct. Personally, I wouldn’t want to buy a shiny new car that I couldn’t drive for a year!

I can see that. Didn’t bother us with a Sept UY. We wouldn’t have booked a trip over the summer anyway.

 

[Paul Stupin]

Depending on your use year, in practicality there might not be much waiting for you to book until the next use year….

True, but but the situation is even worse with VDH, where you have to give away all your 2023 points. I wonder if anyone has crunched the numbers on the scenario where you don’t take the Disney offer but instead just rent out all your first year’s points. Not sure whether or not the savings would compare.

 

[supa20001]

True, but but the situation is even worse with VDH, where you have to give away all your 2023 points. I wonder if anyone has crunched the numbers on the scenario where you don’t take the Disney offer but instead just rent out all your first year’s points. Not sure whether or not the savings would compare.

Pretty easy math. $22 (Disney's) vs. whatever you can rent it out for.

 

[Genie+]

Pretty easy math. $22 (Disney's) vs. whatever you can rent it out for.

Yeah that’s pretty close to what most people would get for a rental. And we didn’t have to lift a finger.

$25pp is possible for VGF in the 7-11 month window but the average Joe would need to learn how to do it themselves and figure out which dates net the best and easiest profit. On this forum VGF with home priority rents mostly $19-$22.

 

[davidhr]

Considering you have to pay income tax when renting, the $22 for Magical Beginnings is a no-brainer if you're not going to use those points.

 

[ekball]

I think prices will plateau close to current levels ( unless a deep recession occurs) as hotel substitution/rental will help support the economics of owning.
Your thoughts on the resale brokers are spot on, there is a major one I don't even attempt to bid with anymore. They have shown themselves to be dishonest and rude. I'm guessing they think it's just one person, but it has cost them others as I have made sure to direct friends to the friendlier sites.

Curious if there's a way for you to share which "friendlier site" you are speaking of? I would love to work with someone who has been recommended as being above board and easy to work with. Thanks in advance for any information you are able to share!

 

[Epcot Forever Forever]

Curious if there's a way for you to share which "friendlier site" you are speaking of? I would love to work with someone who has been recommended as being above board and easy to work with. Thanks in advance for any information you are able to share!

I have had great experiences with the team at DVCStore.com and fidelityrealestate.com

 

[DanCali]

I have had great experiences with the team at DVCStore.com and fidelityrealestate.com

My sole interaction with Fidelity has been lackluster. No return email or phone call from the broker after seller declined an offer.

 

[Nabas]

My sole interaction with Fidelity has been lackluster. No return email or phone call from the broker after seller declined an offer.

I’m a little confused.

They told you your offer was rejected? And yet you expected another email or call?

Or did you submit a counteroffer or have a follow-up question?

Thanks for clarifying!

 

[DanCali]

I’m a little confused.

They told you your offer was rejected? And yet you expected another email or call?

Or did you submit a counteroffer or have a follow-up question?

Thanks for clarifying!

The seller declined. It was a situation where the seller had already banked all the contract's 2023 points to 2024. I followed up via email response with an offer to also reimburse 2023 dues since it was not part of my original offer. That's an extra ~$8/point, so not meaningless. Perhaps they thought my original offer already did that (it did not). At the very least, it doesn't take much to respond even if they didn't like the offer or even if there was a misunderstanding. Any offer is better than no offer and it maybe would have kept the dialog going. That contract is still for sale, so it's not like they did the client a service by ignoring me...

 

[Nabas]

The seller declined. It was a situation where the seller had already banked all the contract's 2023 points to 2024. I followed up via email response with an offer to also reimburse 2023 dues since it was not part of my original offer. That's an extra ~$8/point, so not meaningless. Perhaps they thought my original offer already did that (it did not). At the very least, it doesn't take much to respond even if they didn't like the offer or even if there was a misunderstanding. Any offer is better than no offer and it maybe would have kept the dialog going. That contract is still for sale, so it's not like they did the client a service by ignoring me...

Yes, since you made a counteroffer, they should respond. Even if it's a flat "no".

What resort?

 

[bholbert81]

With current incentives (if you have a current Disney trip booked), 150 points direct at VGF is $187 a point. It is a good deal currently.

 

[Cfabar1]

With current incentives (if you have a current Disney trip booked), 150 points direct at VGF is $187 a point. It is a good deal currently.

Even better if you have that member cruise booked! and the magical beginnings....