TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 24 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG started 25 years ago this month in 1993 as a group of regular Timeshare owners just like you!

    Check out our happy birthday post here: Happy Birthday TUG!
    Dismiss Notice
  4. TUG has now saved timeshare owners more than $10,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $10Million dollars
    Dismiss Notice
  5. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  6. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  7. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  8. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

DVC Grand Californian - just passed ROFR

Discussion in 'Disney Vacation Club - DVC' started by RX8, Sep 5, 2018.

  1. RX8

    RX8 TUG Member

    Joined:
    May 5, 2011
    Messages:
    1,531
    Likes Received:
    309
    Trophy Points:
    193
    After six years of owning just one timeshare I did what many of you have done and that is I bought another one. And to think I thought TUG was a support group to help us all avoid buying more!

    I currently own Grand Pacific Palisades with an 8,400 HGVC point option. I just got word that DVC passed ROFR on the resale 160 point Grand Californian that we put an offer on at $155 PP. We are now waiting to close. We thought about purchasing at WDW but we plan on being at Disneyland much more than WDW and didn't like our odds to get what we wanted at VGC at the seven month mark. I am glad it passed because I didn't want to have to go through the 30 days of agony again waiting to find out if it passed ROFR.

    This is the last timeshare, I promise.
     
    Last edited: Sep 6, 2018
    ljmiii and Panina like this.
  2. heathpack

    heathpack Tug Review Crew: Rookie TUG Member

    Joined:
    Oct 22, 2008
    Messages:
    3,324
    Likes Received:
    575
    Trophy Points:
    348
    Location:
    Los Angeles
    Resorts Owned:
    Hyatt High Sierra
    Disney’s Grand Californian and Hilton Head Island
    Marriott Barony Beach and Mountainside
    Sheraton Broadway Plantation
    Congrats. That’s a great price.
     
  3. littlestar

    littlestar TUG Member

    Joined:
    Oct 17, 2005
    Messages:
    2,316
    Likes Received:
    85
    Trophy Points:
    258
    Location:
    Midwest
    Resorts Owned:
    Disney, Marriott, FWM & Wyndham pts
    Congratulations. I would not want to rely on a 7 month window there, either.
     
  4. TravelTime

    TravelTime TUG Member

    Joined:
    Mar 20, 2018
    Messages:
    1,317
    Likes Received:
    591
    Trophy Points:
    163
    Resorts Owned:
    MVC, DVC, WKOVRN, FSA, MKO
    That is a great price! Where did you buy it and what was the asking price?

    I guess DVC prices are going down again. I paid $161 a point for Grand Cal last year.
     
  5. RX8

    RX8 TUG Member

    Joined:
    May 5, 2011
    Messages:
    1,531
    Likes Received:
    309
    Trophy Points:
    193
    Thanks TravelTime. Most of the resale’s I looked at was priced at $185 to $220 PP. I put an offer in with another broker of $150 that was listed at $200 and the broker said the seller didn’t even want to counter. I eventually found mine at Fidelity Resale’s, a licensed broker in Florida. They have a good reputation from what I could find. They seem to price more realistically and therefore their listings don’t stay on the market very long. They do have higher than norm closing costs and also have a $195 admin fee but I figured that it added about $300 to the total cost which still resulted in a good price, IMO.
     
  6. TravelTime

    TravelTime TUG Member

    Joined:
    Mar 20, 2018
    Messages:
    1,317
    Likes Received:
    591
    Trophy Points:
    163
    Resorts Owned:
    MVC, DVC, WKOVRN, FSA, MKO
    Yes I have used Fidelity Resales. I heard they have lower priced inventory because DVC sends distressed clients their way. I am assuming your seller really needed to cash out at that price. It is well below market!

    Or perhaps this indicates the recession is coming...Oh No!
     
  7. RX8

    RX8 TUG Member

    Joined:
    May 5, 2011
    Messages:
    1,531
    Likes Received:
    309
    Trophy Points:
    193
    Sorry, didn’t answer one of your questions. The VGC was listed at $150. I offered $155 thinking there would be others throwing out an offer at the listing price.
     
  8. TravelTime

    TravelTime TUG Member

    Joined:
    Mar 20, 2018
    Messages:
    1,317
    Likes Received:
    591
    Trophy Points:
    163
    Resorts Owned:
    MVC, DVC, WKOVRN, FSA, MKO
    Wow, I have never heard of someone paying more than asking on a timeshare! I am very impressed with your approach. You saw the prey and went in for the kill, beating out all the others!
     
    RX8 likes this.
  9. SeattleJohn2

    SeattleJohn2 TUG Member

    Joined:
    Sep 13, 2015
    Messages:
    29
    Likes Received:
    0
    Trophy Points:
    61
    Location:
    Sammamish, WA
    I wonder what the $/point will be if/when DVC decides to expand GCV or build a new property there. Disney is pretty savvy so they must realize people are willing to pay a premium for points near Disneyland.
     
  10. AnnaS

    AnnaS TUG Member

    Joined:
    Apr 26, 2008
    Messages:
    719
    Likes Received:
    58
    Trophy Points:
    238
    Location:
    Staten Island, NY
    Congratulations!!!!!
     
  11. RX8

    RX8 TUG Member

    Joined:
    May 5, 2011
    Messages:
    1,531
    Likes Received:
    309
    Trophy Points:
    193
    I’m still new learning the DVC ways but my thought is that when they raised the direct price of VGC to $235 PP they were possibly trying to set the pricing expectations for their new Resorts.

    I know that DVC is currently active in buying back a small handful of resorts including Sarasota Springs Resort. A typical SSR buyback would leave them with an approximate $60 PP profit. I understand that is also WDW but with the demand at VGC, and limited inventory, they could have realized an $80 PP profit by buying my points back through ROFR. Not that I am complaining mind you...DVC just doesn’t seem interested in buying back VGC for some reason.
     
  12. TravelTime

    TravelTime TUG Member

    Joined:
    Mar 20, 2018
    Messages:
    1,317
    Likes Received:
    591
    Trophy Points:
    163
    Resorts Owned:
    MVC, DVC, WKOVRN, FSA, MKO
    DVC rarely exercises ROFR. I bought Aulani for $82.50 per point and Fidelity assured me it would not be a problem since DVC rarely buys back properties. I too find that very strange. You truly scored with VGC for $155. DVC Resale Market is still advertising for over $200 a point but I suspect it will be hard to maintain if people end up seeing Fidelity selling for $150ish a point. I suspect DVC could care less about making a few thousand dollars per contract right now. It seems like DVC needs a strategic reason to exercise ROFR and it is not motivated by these small timeshare resales right now.
     
  13. RX8

    RX8 TUG Member

    Joined:
    May 5, 2011
    Messages:
    1,531
    Likes Received:
    309
    Trophy Points:
    193
    Wanted to share that my VGC was closed a few weeks ago. Yesterday I got the DVC welcome letter in the mail and set up the on-line account. Searched for VGC availability next August and found the whole month wide open. Made my reservations for early August. Seeing that my options were pretty much any size, any date, I am so glad I purchased at VGC rather than a different resort only to have to pray that something would be available at the 7 month mark for dates that I needed.

    I love the DVC website/reservation system. So easy to use and navigate.
     
    AnnaS, darius, littlestar and 3 others like this.
  14. PearlCity

    PearlCity TUG Member

    Joined:
    Dec 22, 2009
    Messages:
    879
    Likes Received:
    2
    Trophy Points:
    128
    Location:
    hawaii
    Congratulations! We bought about 4-5 years ago and have no regrets for VGC..disneys expansion for a new hotel is now stalled so I dont see DVC expanding there soon. Even if they did the convenience of having your own entrance to the park is amazing. We just got back from a week stay and had a high park view room. It was awesome! Enjoy!!

    Sent from my SM-G950U using Tapatalk
     
  15. JohnPaul

    JohnPaul TUG Review Crew: Expert TUG Member

    Joined:
    Apr 28, 2011
    Messages:
    814
    Likes Received:
    219
    Trophy Points:
    153
    Location:
    Sacramento, CA
    Resorts Owned:
    Vacation Internationale, HGVC - NYC, Worldmark, Shell Vacations, Sedona Pines, RCI Points, Starwood (Avon, CO)
    So , what does 160 DVC points get you at the California resort?
     
  16. jlp879

    jlp879 TUG Review Crew: Expert TUG Member

    Joined:
    Mar 19, 2008
    Messages:
    883
    Likes Received:
    131
    Trophy Points:
    253
    Location:
    SF Bay Area
  17. Mcrobot

    Mcrobot Guest

    Joined:
    Apr 28, 2017
    Messages:
    6
    Likes Received:
    0
    Trophy Points:
    11
    Resorts Owned:
    Nanea
    And how far in advance do you need to book? Is there any short notice availability? To plan a Disneyland trip 12 months in advance would be painful.
     
  18. PearlCity

    PearlCity TUG Member

    Joined:
    Dec 22, 2009
    Messages:
    879
    Likes Received:
    2
    Trophy Points:
    128
    Location:
    hawaii
    There is decent availability 7 months and 1 day out to 11 months out. At 7 months all DVC members can book here and being the smallest DVC and the only one in Disneyland. All the rooms usually book up at 7 months out as soon as booking opens.

    Sent from my SM-G950U using Tapatalk
     
  19. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

    Joined:
    May 20, 2006
    Messages:
    26,209
    Likes Received:
    1,719
    Trophy Points:
    649
    Location:
    Ohio
    Resorts Owned:
    Marriott's Grande Vista
    Marriott's Harbour Lake
    SVV - Bella
    SVV - Key West
    Please add this to www.rofr.net if you haven't done so already.
     
  20. RX8

    RX8 TUG Member

    Joined:
    May 5, 2011
    Messages:
    1,531
    Likes Received:
    309
    Trophy Points:
    193
    Did it on my phone and messed it up, sorry. Asked for price and I put down the total dollar amount but looks like I should have entered $151 PP. can you please correct?
     
  21. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

    Joined:
    May 20, 2006
    Messages:
    26,209
    Likes Received:
    1,719
    Trophy Points:
    649
    Location:
    Ohio
    Resorts Owned:
    Marriott's Grande Vista
    Marriott's Harbour Lake
    SVV - Bella
    SVV - Key West
    Yes, i can correct it.
     
  22. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

    Joined:
    May 20, 2006
    Messages:
    26,209
    Likes Received:
    1,719
    Trophy Points:
    649
    Location:
    Ohio
    Resorts Owned:
    Marriott's Grande Vista
    Marriott's Harbour Lake
    SVV - Bella
    SVV - Key West
    Fixed
     
    Last edited: Nov 7, 2018

Share This Page