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-   -   First VGF resale contracts hit the market (http://www.disboards.com/showthread.php?t=3160693)

Missyrose 08-20-2013 02:45 PM

First VGF resale contracts hit the market
 
Saw the tweets from the broker a little while ago. Two contracts, both Dec. UY. 100 points and 35 points. $130 per point each.

twinsouvenirs 08-20-2013 03:27 PM

How is that even POSSIBLE!

Serious and immediate buyers remorse? Huge life event?

lovin'fl 08-20-2013 03:50 PM

Maybe someone who wanted a fixed week instead....:confused3
It's kind of crazy to be selling this soon. Have they even been able to stay there yet (it opens in Oct, right?)?

marsh0013 08-20-2013 03:51 PM

I would imagine it's stripped. Right? 2013 and 2014 points being used right around opening, and closing delayed until the trip is complete? Or 2013 and 2014 points were transferred out, somehow the seller thinks they're making a profit? Would it even be possible to come out ahead?

Edit- just saw its dec use year. So I guess the trip right around open using 2 years of points doesn't make sense, unless closing is pushed to December.

Edit #2 - it's it full points on both how in the hell? Gotta go with pp who said major regret or life event

Sur 08-20-2013 04:22 PM

With the higher closing costs, buyer wouldn't be saving much at all, if anything. I am surprised, though, that they aren't pending.

twinsouvenirs 08-20-2013 05:49 PM

Quote:

Originally Posted by marsh0013 (Post 49341049)
I would imagine it's stripped. Right? 2013 and 2014 points being used right around opening, and closing delayed until the trip is complete? Or 2013 and 2014 points were transferred out, somehow the seller thinks they're making a profit? Would it even be possible to come out ahead?

Edit- just saw its dec use year. So I guess the trip right around open using 2 years of points doesn't make sense, unless closing is pushed to December.

Edit #2 - it's it full points on both how in the hell? Gotta go with pp who said major regret or life event

It can't be stripped because we GVF owners can't use our points till the resort opens in Oct... although i suppose if they had one booked and then a delayed close...

lovin'fl 08-20-2013 05:56 PM

Quote:

Originally Posted by twinsouvenirs (Post 49341974)
It can't be stripped because we GVF owners can't use our points till the resort opens in Oct... although i suppose if they had one booked and then a delayed close...

They could have used the points to book another resort, though that would be kind of silly.

Breyean 08-20-2013 06:31 PM

Quote:

Originally Posted by lovin'fl (Post 49342017)
They could have used the points to book another resort, though that would be kind of silly.

I'm pretty sure when I bought Aulani before it opened I wasn't allowed to use the points ANYWHERE until Aulani actually did open.

It was a few years ago so i could be wrong about that. And then again, VGF might be different anyway.

Joey7295 08-20-2013 06:45 PM

They can't use the points until the resort opens, but they can make a reservation and then then closing would be after the reservation is completed. They also could have transferred the points.

crisi 08-20-2013 06:50 PM

Illness, job loss, divorce, death....stuff happens.

lovin'fl 08-20-2013 07:38 PM

Quote:

Originally Posted by Breyean (Post 49342344)
I'm pretty sure when I bought Aulani before it opened I wasn't allowed to use the points ANYWHERE until Aulani actually did open.

It was a few years ago so i could be wrong about that. And then again, VGF might be different anyway.

I didn't know that...learn something new every day....huh.

dbs1228 08-20-2013 08:27 PM

Quote:

Originally Posted by Sur (Post 49341310)
With the higher closing costs, buyer wouldn't be saving much at all, if anything. I am surprised, though, that they aren't pending.

Even with closing cost on the 100 point contract you are looking at about 135.00PP which is a savings of over 1500.00 from Disney.

MoreTravels 08-20-2013 10:42 PM

Quote:

Originally Posted by dbs1228 (Post 49343316)
Even with closing cost on the 100 point contract you are looking at about 135.00PP which is a savings of over 1500.00 from Disney.

But you lose all the direct purchase benefits such as DCL, for only $10 difference... not worth it.

frank808 08-21-2013 12:53 AM

Actually closing costs are closer to $700 than $500. At $137 a point you are saving $1300 over direct.

LisaS 08-21-2013 01:31 AM

Quote:

Originally Posted by Breyean (Post 49342344)
I'm pretty sure when I bought Aulani before it opened I wasn't allowed to use the points ANYWHERE until Aulani actually did open.

It was a few years ago so i could be wrong about that. And then again, VGF might be different anyway.

You are correct. When you use Aulani points to book a different resort, you are essentially trading a room at Aulani for a room somewhere else. Until Aulani opened (or more specifically, until the specific Unit you purchased at Aulani opened) you had nothing to trade so you could not use your Aulani points anywhere until that time.


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