HELP FAST

Discussion in 'Purchasing DVC' started by SusanSeng, Feb 2, 2001.

  1. SusanSeng

    SusanSeng Mouseketeer

    Joined:
    Jan 29, 2001
    Messages:
    134
    We signed with Disney 8 days ago for the VWL not knowing about resales. We bought 150 points but we really like boardwalk. We have 7 days to cancel. We have been looking into resales and found one for 100 points at Boardwalk. Not enough points for us but it has 50 banked for 2000, 100 points for 2001 yet and we will pick up another 100 in 2002. We would then try to locate another 50-75 points. After closing fees the deal is about 64 dollars a point ($60 dollars a point before closing). How does this offer sound? Is it difficult to pick up more points from Boardwalk? We know we would be charged 2 closing fees.
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. bwvmary

    bwvmary Mouseketeer

    Joined:
    Apr 26, 2000
    Messages:
    81
    Well, if you want Boardwalk, resale is the only way to get it. I am having some difficulty getting into the Boardwalk at the 7 month window. I have points at BWV and HH. I am trying to use HH points to book at BWV, and I'm on the wait list for two days right in the middle of my stay. So, I'd say, if you plan to stay at BWV, be sure to buy BWV, even if you have to pay two fees. Obviously, two small resales is not as good as one that's large enough. You may have difficulty finding an add on that is as small as 50 - 75 points, but they come up sometimes. You should probably think in terms of tow 100 point contracts (minimum) when you compare. I originally bought 170, and found that it was not enough with a family of five. 200 is much more comfortable for us. Just my thoughts. Good luck

    Mary
    DVC Member BWV, HH
    1976, 1985, 1989- Off property; 1990-91 - Disney Villas; 1993 - 2X - Disneyland; 1994 - Disneyland; 1997 - Beach Club; 1998 - All Star Music and Wilderness Lodge; 1999 - All Star Movies; 1999 - Boardwalk Villas; 2000 - Disney Institute and Yacht Club; 2000 - Contemporary and Boardwalk Villas; 2000 - Old Key West; 2000 - Hilton Head Island
     
  4. TnRobin

    TnRobin <font color=red>My body may be back in Nashville, Moderator

    Joined:
    Aug 18, 1998
    Messages:
    6,336
    Susan,

    You will not be allowed to purchse the 100 contract. Your initial contract for a DVC membership must be at least 150 points. After the initial purchase, you will be allowed to purchase smaller "Add-on" contracts.

    If you are interested in a small resale at BWV, I would suggest contacting the resale agents directly. Let them know what you are looking for. Many of the smaller contracts never make it to the sale board. They are sold to people that have request into the agents for a small contract.

    Good luck. I hope I get to Welcome you home soon

    [​IMG]


    Disney Vacation Club Board Co-Moderator
    DVC and Cruise Chat Hostess
    Cruise Board List Mistress

    <font size=4 color=blue font face="Comic Sans MS">Robin

     
  5. Richyams

    Richyams <a href="http://www.wdwinfo.com/dis-sponsor/index.

    Joined:
    Aug 18, 1999
    Messages:
    4,130
    There are mixed reports about wether or not you will be able to buy 100 points as your first contract. The minimum to be a DVC member is 150 points today. That 100 point contract was originally an add on to someone's existing points.

    I am not sure if there is mixed enforcement or what. Our venerable Doc has reported that Disney makes no check to see if a buyer is eligible to purchase an add-on by already owning points.

    BUT, our equally reputable and knowledgable Dean has stated that Disney does indeed check and you would not be able to buy that 100 point contract as your first contract.

    I hope that Dean is right. I say this because DVC lowering the point requirement for buy in has done all owners a diservice. 100 points really isn't enough points to use DVC the way it was meant to be. 100 points will force people to avoid weekends, put a strain on already hard to get studios, and actually lower the value of larger contracts.

    Thinking about it, there is a very slight chance that I attributed to Dean what the honorable dsruba has stated....I don't think so, but there is a chance.

    Creeping socialism was seen hundreds of years ago when James Madison said: "I believe there are more instances of the abridgement of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations."
     
  6. SusanSeng

    SusanSeng Mouseketeer

    Joined:
    Jan 29, 2001
    Messages:
    134
    Let me get this straight, I won't be able to buy this from this resale agent because I do not have a existing contract? How long will it take for them to let me know. I need to cancel my contract with Disney by Wed. of next week.
     
  7. Richyams

    Richyams <a href="http://www.wdwinfo.com/dis-sponsor/index.

    Joined:
    Aug 18, 1999
    Messages:
    4,130
    Like I said, there are conflicting reports....but 100 points is not enough anyway.

    Personally, if BWV is where you want to stay, and even though I own and stay at OKW, I agree with you and also think that you get a higher value for your points when they are used at BWV, I would cancel the VWL contract for sure. Wether you actually can get this 100 point contract, which I doubt, or not. You will be better off, WAY BETTER OFF, owning where you plan to stay.

    Even if you have to wait a couple weeks for a better package, you will be better off. If BWV is where you plan to stay, you would even be better off with an OKW resale then a VWL contract. You would pay less upfront, have lower dues, have the 11 month window at a resort where you can get a GOOD value using your points, and be at the the same disadvantage as VWL when trying to stay at BWV.

    Creeping socialism was seen hundreds of years ago when James Madison said: "I believe there are more instances of the abridgement of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations."
     
  8. drusba

    drusba <a href="http://www.wdwinfo.com/dis-sponsor/index.

    Joined:
    Aug 19, 1999
    Messages:
    9,392
    A little over a year ago, I purchased a resale contract that had less than the minimum 150 points. I was already an existing owner. During the process, the broker contacted me to explain that Disney was checking to confirm I was already an owner because of the less than 150 point purchase and I gave them my DVC number. The purchase was then approved. I assume there would have been a problem if I had not been an existing owner.
     
  9. Bennet

    Bennet <font color=red>aka Evil Emperor Zurg<br><font col

    Joined:
    Nov 19, 2000
    Messages:
    517
    If you really like BWV villa better can the agreement with the mouse and buy a reslae.

    Tell the broker your looking for BWV and get your 150 points at where you want to be. I may take a few weeks to a month for one to come up but one will.

    DW just got more BWV point and so did my sister.

    <a href="http://members.home.net/dunlapsdisney/"><IMG src="http://members.home.net/dunlapsdisney/images/shoe_home_small.gif" width="125" height="42">
    </a>
    </P>

    Disney silliness: Buzz's Spin, Parks, Parades and the Unfortunate Footwear of Walt Disney World: http://members.home.net/dunlapsdisney/

     
  10. kem330

    kem330 <font color=red>Thinks the TF is an Illinois thing

    Joined:
    Jan 14, 2001
    Messages:
    1,042
    Susan, I can't reiterate enough- there will always be a deal out there. When we cancelled our Vero Beach contract with Disney , I got on lists with the two timeshare brokers and joined this board. All BW looked to be selling at $68/pt.I really had to let go of my burning desire to join DVC asap and wait for sales of BCV in another 18 mos or so. Then this week I got a call for 200 pts at BW we made a deal for $66/pt with 400 '99 and '00 and all of 01 points available. The NEXT day I get a call from the other broker for a 200 pt contact with all '00 and '01 points with a cost of $62/pt. We ended up with the cheaper contract because we didn't need the '99 points and I'd rather have the $800 cash then have the hassle of renting (even though I may have gotten up to $2000 for those points)I know you want less points, but I believe you really need at least 150. Don't worry- there is always a deal out there sooner or later. If you want BW then wait for it to come along!
     
  11. PamOKW

    PamOKW <font color=green>The two most important items for

    Joined:
    Aug 18, 1999
    Messages:
    10,562
    Someone alert CalBay....price of BWV plummets. Down to $62/point. ;) ;)
     
  12. Bennet

    Bennet <font color=red>aka Evil Emperor Zurg<br><font col

    Joined:
    Nov 19, 2000
    Messages:
    517
    I just glanced at the timeshare store, that is their ad at the top of the page. 150 point @ BWV.

    I'll say hi when I see you checking in.

    <a href="http://members.home.net/dunlapsdisney/"><IMG src="http://members.home.net/dunlapsdisney/images/shoe_home_small.gif" width="125" height="42">
    </a>
    </P>

    Disney silliness: Buzz's Spin, Parks, Parades and the Unfortunate Footwear of Walt Disney World: http://members.home.net/dunlapsdisney/

     
  13. slindamood

    slindamood DIS Veteran

    Joined:
    Oct 17, 2000
    Messages:
    1,322
    Good one, Pam OKW!!! I think those at the now severely undervalued BWVs can hear me laughing. :) ;)
     
  14. WebmasterDoc

    WebmasterDoc Administrator Administrator

    Joined:
    Aug 14, 1998
    Messages:
    31,805
    This would be a great question for the resale broker. I was told that small contracts (less than 150 points) have been sold to new members and DVC has allowed them to go through. The only restriction DVC has is on new contracts sold thru DVC. I have no first hand knowledge of how these small contracts may be sold- other than a discussion with a resale broker. The $64 per point (including closing costs) does seem to be a good price- it would be a shame to let it slip by if you have a chance to purchase where you prefer to stay. Good Luck with your decision!

    Doc
    doc@wdwinfo.com
     
  15. SusanSeng

    SusanSeng Mouseketeer

    Joined:
    Jan 29, 2001
    Messages:
    134
    Doc, thanks for the info. I talked to two resale brokers, one from the timeshare store, and they both agreed that it WILL go through. Pat at the TimeShare Store is just WONDERFUL. Even though this listing is through someplace else, she has given me wonderful advice. She told me this is a awesome price. My only concern is that we definetly want more than 100 points and I want to be sure that we can pick up 50-75 more points. Again both assured me that they do come about, I just need to be patient.
     
  16. kem330

    kem330 <font color=red>Thinks the TF is an Illinois thing

    Joined:
    Jan 14, 2001
    Messages:
    1,042
    Susan, Glad Pat has been helpful, I really liked her also. Now that they know you will have 100 pts, I'm sure they will keep their eye out for you for more. Or you can just bank and borrow for awhile. The main thing is you'll be in!!! I didn't mean to discourage you about the amount - it is a good deal and not a bad idea to work your way into the program.Good Luck!
     
  17. WebmasterDoc

    WebmasterDoc Administrator Administrator

    Joined:
    Aug 14, 1998
    Messages:
    31,805
    I have purchased 3 resales through Pat at the Timeshare Store. She was one of the original DVC Vacation Guides and is very thorough and knowledgeable about DVC. You may even find a larger contract (at a good price) which will allow you even more flexibility with your membership. You will certainly be limited with 100 points, but that will still get you some great opportunities. Good luck with the transaction!

    Doc
    doc@wdwinfo.com
     
  18. Dean

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

    Joined:
    Aug 19, 1999
    Messages:
    32,328
    The info I have is all second hand. I do know of one person who bought less than 150 points without being an owner but I suspect it's the exception rather than the rule. I also know of a couple that DVC bought back for over the then floor of $50 pp apparently because they were to new members and less than 150 points. So no harm done if it doesn't work out and there will always be another deal out there.

    Dean
     
  19. kem330

    kem330 <font color=red>Thinks the TF is an Illinois thing

    Joined:
    Jan 14, 2001
    Messages:
    1,042
    So Susan, what did you decide??

     
  20. mooses41

    mooses41 DVC Hopeful

    Joined:
    Jul 14, 2000
    Messages:
    297
    I think theres a 150 point bwv contract on atimeshare.com. Its pretty high, something like 68 pp. Not sure about closing etc. No banked/borrowed points. You'd probably end up paying about what you'd pay through Disney, but over 41 years, it's not that huge of a thing if you get the resort you want. Also, the broker at that site comes highly recommended. Her email is japetz@ibm.net. She isn't pushy and is really a nice person. If you do decide to email her, i'd appreciate if you'd mention my email adress. Thanks.
     
  21. SusanSeng

    SusanSeng Mouseketeer

    Joined:
    Jan 29, 2001
    Messages:
    134
    Thanks everyone for your advice. We went ahead and purchased the 100 points because it seemed like a good deal. Now we need to locate about 50-75 more points. Anyone here have any to sell(BW only please!!he he) Now I need to contact Disney to cancel. We are not planning to return for about a year but we are Happy that we choose Boardwalk. Our kids are still young but as they get older, Boardwalk will be the place I think they will enjoy the most. We are so excited.
     

Share This Page