Can you sell off points

Discussion in 'Purchasing DVC' started by uc bearcats, Oct 28, 2013.

  1. uc bearcats

    uc bearcats Earning My Ears

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    Just curious if I have 400 points bought thru resale, can you sell off any points at any time? Maybe to down size years down the road when kids get older.
     
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  3. Deb & Bill

    Deb & Bill DVC-Trivia Contest, Apr-2006: Honorable Mention

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    It's the entire contract or nothing. You cannot break a contract up. Disney can.

    But if you purchase direct from Disney, you can request they break your points up into smaller contracts before you close. It may cost more in closing, though.
     
  4. uc bearcats

    uc bearcats Earning My Ears

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    thank you
     
  5. dundey

    dundey Mouseketeer

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    I assume that's one of the reasons why smaller point contracts are more expensive.
     
  6. chalee94

    chalee94 <font color=green>I thought all sand was ground up

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    more options if you need to sell some but not all.

    easier if you want to will contracts to separate heirs.

    also, more demand in general - more buyers have $5,000-$8,000 to spend on DVC than want to drop $15,000+ on a contract.
     
  7. DVC Dude

    DVC Dude Disney World Rocks!

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    Disney really should have something that would allow a 1,000+ point contract to be split into two as the original CM that sold those mega contracts did a disservice to their customers.
     
  8. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    There are significant costs to the approach of buying multiple contracts at the present time whether it be buying resale for multiple contracts (more closing and higher pp costs) or retail.

    One of them, there are several including that it opens up the contract to a larger group of people. Obviously this could change if the maint fee calculations change to account for the inherently larger costs to the systems as some other systems have done.

    It might be to the buyers advantage to break up smaller contracts but it's to the systems advantage not to.
     
  9. DVC Dude

    DVC Dude Disney World Rocks!

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    I agree that it is in Disney's best interest to keep large point contracts over multiple 25 point contracts, but I also think they are doing a disservice to anyone that buys a single 1,000 - 2,000 point contract and should advise breaking it into nothing larger than 500 point contracts.
     
  10. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    I don't think it's applicable from DVC's standpoint, this is one situation where it's buyer beware. The buyer should be responsible for protecting themselves on the front end. This is simply not DVC's responsibility. Honestly I don't think the guides even thought about it for a number of years and since a timeshare should be bought with the idea of not selling, I don't think it's important to them nor should it be. Plus they really don't want someone to be able to sell, they want that potential buyer to buy retail rather than resale. That someone might but resale or nothing (some argue this point in this situation) is not applicable from DVC's point of view.
     
  11. crisi

    crisi DIS Veteran

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    Or, to paraphrase Dean, "whats in it for Disney?" If someone who - at the low end of the numbers you are throwing out - spent $53k buying a TIMESHARE without reading the contract (bought 1000 points back when it was $53 a point at OKW opening - I may be a little off on price) and understanding the implications, I'm not thinking that is a huge issue for DISNEY. Although, give me their phone number, because as my accounting professor said "rich and stupid is the market you want, unfortunately, it isn't very big."
     
  12. DVC Dude

    DVC Dude Disney World Rocks!

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    I do not want to go off topic, but DVC is far superior to all other timeshares and Disney purposely set themselves apart.

    I do think that if DVC advised members to the negative issues with a huge single contract they would be serving their customers well. But this is my opinion.

    The concept of "buyer beware" can apply to many things for those of us that actually read the POS before buying and I would guess 99.9% of members do not read it and rely on their sales rep for advice. Fortunately Disney has not build a business empire on hosing their customers like other timeshare companies.

    Again, I am simply referring to Mega Contracts (1,000+ points) and I personally think buying 10x 25 point contracts vs one 250 point contract should have never been allowed. (but that is a new thread idea)
     
  13. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

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    Many of the large contracts are from corporate and business buyers.

    :earsboy:Bill
     
  14. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    Different timeshares serve different purposes. I do not agree with the blanket statement that DVC is superior to all other timeshares. DVC is great for some things, horrible for others. DVC is not the only somewhat ethical timeshare company. IMO it's just another good timeshare company like others including Hilton, Marriott, Hyatt. I would agree that most don't investigate the legalities adequately before buying but remain convinced that the responsibility is on the buyer not DVC. I also know that many guides have made suggestions along the lines you're suggesting. I also know that one should generally not buy DVC, or any timeshare, with the intent on selling later.
     

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