The DIS Discussion Forums - DISboards.com

The DIS Discussion Forums - DISboards.com (http://www.disboards.com/index.php)
-   Purchasing DVC (http://www.disboards.com/forumdisplay.php?f=28)
-   -   Question about banked points in regards to a resale contract I have pending! (http://www.disboards.com/showthread.php?t=3066752)

NHTikiBeckie 02-18-2013 11:12 AM

Question about banked points in regards to a resale contract I have pending!
 
Hi everyone!

I finally found an AKV resale contract with 100 points that accepted my offer! It has been over a year I have been searching and offering, so I am excited! :yay: I always appreciate all the help and advice you all have given me on this board.

I am having a little trouble understanding the banked points on my pending contract. The contract has a December use year. Here is what it says:

"Buyer to receive 74 banked points from the 2011 allocation which need to be used by 12/1/2013, 100 points from the 2012 allocation, 100 points from the 2013 allocation and all points going forward".

This means if I cannot use the 100 points from 2012 this year that I need to bank them so I could have them for use until 12/2014, right? So technically if I borrowed the 2013 points I could have 275 points to use by 12/1/2013, right? I think when I first made the offer I thought the banked points were from 2012, not 2011. I didn't realize I had as many to use as I do.

DebbieB 02-18-2013 11:31 AM

Quote:

Originally Posted by NHTikiBeckie (Post 47543583)
Hi everyone!

I finally found an AKV resale contract with 100 points that accepted my offer! It has been over a year I have been searching and offering, so I am excited! :yay: I always appreciate all the help and advice you all have given me on this board.

I am having a little trouble understanding the banked points on my pending contract. The contract has a December use year. Here is what it says:

"Buyer to receive 74 banked points from the 2011 allocation which need to be used by 12/1/2013, 100 points from the 2012 allocation, 100 points from the 2013 allocation and all points going forward".

This means if I cannot use the 100 points from 2012 this year that I need to bank them so I could have them for use until 12/2014, right? So technically if I borrowed the 2013 points I could have 275 points to use by 12/1/2013, right? I think when I first made the offer I thought the banked points were from 2012, not 2011. I didn't realize I had as many to use as I do.

2011: 12/1/11 to 11/30/12 - bank 11/30/13
2012: 12/1/12 to 11/30/13 - or bank 11/30/14
2013: 12/1/13 to 11/30/14 - or borrow 12/1/12 to 11/30/13.

Kidanifan08 02-18-2013 11:34 AM

Oh man...you got that one yesterday? I called on it at 1PM and you beat me to it! Congrats and good luck with ROFR.

We have a Dec UY and it can be confusing. We are currently in our 2012 UY. So, you have 174 points to use from 12/1/12 to 11/30/13. You could bank the 100 2012 points by 7/31/13, but the 74 must be used by 11/30/13. If you need more than 174 for this travel in this UY, you can borrow up to 100 points from your 2013 UY, which starts on 12/1/13.

Again, good luck and enjoy!

CarolMN 02-18-2013 11:36 AM

To clarify -

The 2011 points that were already banked must be used by 11/30/2013. If not, they expire.

The 2012 use year points (which are the current use year points) must be also be used by 11/30/2013 unless you bank them. If you bank them (deadline is July 31, 2013), then they do not expire until 11/30/2014. You may borrow these points for a stay that ends on or before 11/30/2013.

NHTikiBeckie 02-18-2013 12:14 PM

Quote:

Originally Posted by Kidanifan08 (Post 47543834)
Oh man...you got that one yesterday? I called on it at 1PM and you beat me to it! Congrats and good luck with ROFR.

We have a Dec UY and it can be confusing. We are currently in our 2012 UY. So, you have 174 points to use from 12/1/12 to 11/30/13. You could bank the 100 2012 points by 7/31/13, but the 74 must be used by 11/30/13. If you need more than 174 for this travel in this UY, you can borrow up to 100 points from your 2013 UY, which starts on 12/1/13.

Again, good luck and enjoy!

Thank you all, that is what I thought!

Yes, I got the email and I called immediately! I have been emailing all along the same day they come out and am always told sale pending, so I called around 11:30! I am sorry, I hope a duplicate comes around ASAP!

Minnies Dad 02-18-2013 12:19 PM

Congrats, I was looking at this one as well.

puffkin 02-18-2013 12:59 PM

I saw that one too and was wondering if you saw it. Just curious, but did you offer asking?

NHTikiBeckie 02-18-2013 01:08 PM

Quote:

Originally Posted by puffkin (Post 47544753)
I saw that one too and was wondering if you saw it. Just curious, but did you offer asking?

I did per point, I keep seeing contracts for $70 and offering 65 and getting denied, so I was happy to see this one.

puffkin 02-18-2013 01:32 PM

Quote:

Originally Posted by NHTikiBeckie (Post 47544864)
I did per point, I keep seeing contracts for $70 and offering 65 and getting denied, so I was happy to see this one.

I would have done the same. I think the asking price was a good price for that many points to begin with!

Kidanifan08 02-18-2013 02:15 PM

Quote:

Originally Posted by NHTikiBeckie (Post 47544864)
I did per point, I keep seeing contracts for $70 and offering 65 and getting denied, so I was happy to see this one.

Quote:

Originally Posted by puffkin (Post 47545150)
I would have done the same. I think the asking price was a good price for that many points to begin with!

That contract was as close as it gets to loaded and was certain to sell on the day of listing. When I called about it at 1PM, I think he said I was the 4th person making an inquiry on that one. Frankly, I am surprised the broker did not coach the seller into starting around $70, or a little higher. I would have paid that! Again, congrats. You should not have any problem getting through ROFR at that price.


All times are GMT -5. The time now is 04:03 PM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright 1997-2014, Werner Technologies, LLC. All Rights Reserved.