- Joined
- Aug 18, 1999
Take a look at this thread - it may help you better understand what people are telling you about use year:
Understanding Use Year
.
Understanding Use Year
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from the OP:
what happens if you travel in late may if you have a june UY and need to cancel? this is why you were steered away from a june UY before.
Take a look at this thread - it may help you better understand what people are telling you about use year:
Understanding Use Year
.
Use year only matters if you have to cancel a vacation that was scheduled to occur late in your use year - during the last three months. That's because banking is not allowed during the last four months of your use year and so you don't have much time to reschedule before the points expire. Many owners never have to cancel a vacation (lucky them, LOL) so they don't worry about use year.
Correct....(snip)......
So basically, if I never (or rarely) intend to travel during Mar/Apr/May then June should work out just fine.
Also correct.This does lead me to another question... as usual...
I'd like to confirm that point usage is specific to the date of use and not tied to the start date of the trip. Example with June UY: If I have a trip that starts in May and ends in June, but have to cancel in April, I would lose any current UY points that I did not bank but could still bank the June UY points used to support the June dates. Is this right?
I think this will be my last question for awhile!
Assuming equal usage for all 3 months, June would be the best by far because you would still be in your banking window for any points that you end up canceling during those 3 months AND you'd statistically have the largest part of the UY to reuse them if you need and couldn't bank such as for banked points. You'd also have the most time to use any points that might end up in a holding status. If your normal usage is heavily slated to one time or another, that could change the UY that's best but the principles still apply. Say most of your travel would be Dec with a small % in the other 2 months, Dec instantly becomes the best choice.Another question, this time on UY...
If I'm most likely to travel in Jun, Oct, Dec is there a problem with June UY? Based on the OP I received a suggestion of October which does make sense to me but the concern there are the amount of available Oct contracts.
If I understand UY correctly then it seems a June UY would still give me ample time time to bank current use year points if I have to cancel an Oct or Dec trip. FYI, I doubt I would travel in JAN/FEB/MAR/APR, but could travel in last week of May potentially.
Am I thinking about this correctly?
Scenario:
- June UY - 100 points
- December '13 trip scheduled using 100 June '13 points
- Realize I need to cancel in early November so cancel reservation.
- Decide to bank the 100 points immediately since I know I will not be able to use them this UY.
- June 1 2014 - I now have access to the 100 '13 UY banked points as well as the 100 '14 UY points.
- Must use (or sell/transfer) the '13 UY points by May 31 2015 or lose them. Must bank the '14 points by Jan 31 2015 or use them by May 31 2015 or lose them.
So based on the scenario this will work for me but I'm probably looking at this simplistically. What are the negatives to having a June UY in my scenario? I assume any negatives revolve around the usage of banked points?
Thanks again. You have all been extremely helpful!
Let me ask you guys a pricing question here. I know all situations are not created equal but this is just a scenario. I'm basically trying to determine value of a stripped contract.
100 points at VWL
$100/point asking price
$10000 (not counting closing)
No 13 or 14 points available. 10/15 is when first available.
I saw a 50 point contract in the ROFR thread sell for $87/point that still had some '12 points all 13/14 points.
So let's assume $87/point here as an offer that would drop the 100 point price down to $8700. Well, the problem here is I'm now missing two years of points. Should I also decrease the value of what I could get if I had those points and could have sold them?
Example, 200 points x $10/point = $2000
$8700 - $2000 = $6700
$6700 + $1158 ($5.79/pt maintenance fee for 2 years) = $7858
$7858 / 100 = $78.58 / point
So I would offer $78.58 per point, or $7858.
Am I thinking about this correctly? Or am I placing too much value on points that have been stripped from a contract? This does also assume that the $87/point start was a good place. Might be a little inflated due to the 50 point contract premium. If there is a general advice thread on how to go about negotiating prices I would love to see it. Apologies in advance if I've overlooked it.
Thanks!
*edited because I forgot they pay some maintenance fees* adjustment made above.
*realized some amazing grammatical errors... corrected!*
If I were the seller and you offered me 22% less than I was asking, I'd tell the agent to blow you off. Even with the lack of points. You are valuing the mssing points much too highly. As the seller, I would expect to pay you the dues for 2014 and 3/4 of 2015.
I understand what you're saying here from the perspective of a seller. I guess I'm assuming the sale in the rofr thread should count as some sort of base line but understand that's not necessarily the case. We all do need something to bounce our offers against though I suppose. Whether that's by using recent historical sales data or banging our heads against the wall by making offers that get blown off by the seller. I'd rather err on whichever side eventually gets me the best deal. After all, there's obviously no reason to rush to secure a deal on a stripped contract where you gain no tangible benefit for 2 years if you don't like the initial asking price anyway!
Well I just put in my first offer for a resale contract at BWV. We like a few different resorts for different reasons but ultimately decided that having 11 month booking at BWV was probably more important than our other two choices. Who knows, in a few years we might decide to add on at one of those.
I want to thank everyone again for all of the assistance. I'll definitely report back whenever we are finally part of the club.
for "every third year", i'd stick to renting and not buy in.
Well, just had my first rejection email. Not so much rejection in the sense that my offer was rejected but the property is no longer available. I guess I've learned that the online inventory is not exactly up to date. This particular broker updates only on Tues/Thurs (?).
With that said, have any of you found specific brokers that tend to keep their active inventory more up to date?
Is it better to just call in and ask for available inventory instead of placing offers based on web site inventory?
thanks.
I can't speak for Chalee but I'd tend to agree with her though I think this is an area where it depends. For some every 3 yrs may be workable and represent a savings. However, you have more risk with every third year and actually with banked and borrowed points in general. What if you have to change or cancel last minute. I do believe that for EOY or every third year, UY is even more important than for other times all else being the same.Why do you recommend this? I was thinking about doing this myself by buying a minimal point contract--say 50 points a year. Then I would bank 50, use the next year's points, and borrow the following year's 50 to get a 150-point villa for that "middle" year. Why would you recommend against this?
Many join DVC because they simply like the idea of being a member. It's a cool feeling. Considering a timeshare is a luxury item, it's a valid reason for buying a DVC membership. If this is your primary motivation for buying into DVC, then a small contract is something to consider.Why do you recommend this? I was thinking about doing this myself by buying a minimal point contract--say 50 points a year. Then I would bank 50, use the next year's points, and borrow the following year's 50 to get a 150-point villa for that "middle" year. Why would you recommend against this?
Why do you recommend this? I was thinking about doing this myself by buying a minimal point contract--say 50 points a year. Then I would bank 50, use the next year's points, and borrow the following year's 50 to get a 150-point villa for that "middle" year. Why would you recommend against this?
Why do you recommend this? I was thinking about doing this myself by buying a minimal point contract--say 50 points a year. Then I would bank 50, use the next year's points, and borrow the following year's 50 to get a 150-point villa for that "middle" year. Why would you recommend against this?
lol. (and for the record, i am a dude... )