Thank you!$250 per point direct for Poly.
That is where we are at - just unsure if we want to wait until the mad rush and if it’s going to be worth it for the incentives haha! Looking @ you CFWI might wait to buy until more is announced about the Poly Tower! There’s a lot up in the air like whether it’ll be part or the same association as the current villas and bungalows (most likely) or if it’ll be part of the new trust DVC has created (still very much unsure). Plus you’re likely to get at least a few incentives once it goes into active sale again. That being said, we bought some Poly resale this year because we don’t care either way if it is part of the same association or new because we love the current Poly and would be happy either way
That is where we are at - just unsure if we want to wait until the mad rush and if it’s going to be worth it for the incentives haha! Looking @ you CFW
They cannot force existing contracts into a trust without a lot of legal shenanigans.Will all owners old direct, resale and new poly tower owners be forced into the trust (if there is one)
I’m interested in adding Poly too. We’re not in a big hurry so decided to wait to see prices on both direct and resale during the first year of active sales. That also let’s us see the full picture before buying.I want to add on as well and am thinking resale is the way to go, but I have 2 areas I am not clear about: the trust issue and resale restrictions.
1) From the article above, it appears everything is apart of the same association, so I am also assuming that there will be no resale restrictions on the newly bought direct contracts. Is this what others are thinking as well?
2) Will all owners old direct, resale and new poly tower owners be forced into the trust (if there is one) or are the old poly owners and resale owners before the sale of the new tower, be excluded? I'm not sure if exclusion could even be possible.
Just don't want to buy resale or direct without knowing what I am getting into.
I want to add on as well and am thinking resale is the way to go, but I have 2 areas I am not clear about: the trust issue and resale restrictions.
1) From the article above, it appears everything is apart of the same association, so I am also assuming that there will be no resale restrictions on the newly bought direct contracts. Is this what others are thinking as well?
2) Will all owners old direct, resale and new poly tower owners be forced into the trust (if there is one) or are the old poly owners and resale owners before the sale of the new tower, be excluded? I'm not sure if exclusion could even be possible.
Just don't want to buy resale or direct without knowing what I am getting into.
That’s exactly how I look at it!So if I'm understanding, it seems we just don't know how the trust will effect the resale and old direct owners. Resale and old direct owners legally should not have to worry about the trust effecting their previous purchase, however, it may mean they may not have full access to the tower booking window.
If I'm happy with the existing poly rooms then resale is a good idea, but I should buy without any expectations of being able to fully use the resale contract at the tower the way resale BPK at the GF can do.
If I really want to book at the tower outside the 7 mo window, then waiting to see what happens with the new build would be better. And to also see if there ends up being a trust.
Yes, if you are okay with the studios in the longhouses, then you look for a deal on resale. No one knows if the trust is just for CFW or if they are going to make it part of the larger DVC. DVC definitely added language that they can add properties to the trust, but its all speculation that the tower or any other property is going to be added as well. Who knows until it actually happens.So if I'm understanding, it seems we just don't know how the trust will effect the resale and old direct owners. Resale and old direct owners legally should not have to worry about the trust effecting their previous purchase, however, it may mean they may not have full access to the tower booking window.
If I'm happy with the existing poly rooms then resale is a good idea, but I should buy without any expectations of being able to fully use the resale contract at the tower the way resale BPK at the GF can do.
If I really want to book at the tower outside the 7 mo window, then waiting to see what happens with the new build would be better. And to also see if there ends up being a trust.