Potential ownership: comments & questions... UPDATE... Membership info has arrived!

Discussion in 'DVC-Mousecellaneous' started by glamdring269, Oct 11, 2013.

  1. CarolMN

    CarolMN DVC Co-Moderator Moderator

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    Take a look at this thread - it may help you better understand what people are telling you about use year:

    Understanding Use Year

    .
     
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  3. glamdring269

    glamdring269 Mouseketeer

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    Very good point. I think for the purpose of this exercise I'm assuming we would just not travel at the end of May. The only reason we would do that as of now is because it ties in closely to the end of school and we could just delay the trip start a day or two to ensure it begins in June. This also likely means we get to bypass a weekend making the trip that much cheaper. Ultimately we would just have to be very aware of the fact that using points in late May carries a risk.

    So assuming no travel in late May, would June be an ok choice for travel primarily in June/Oct/Dec?

    And to the underlined portion, you're right, the language was not the best. I understand that you can begin using that once you're in the 11/7 months booking range along with the additional normal UY points.

    Thanks again.
     
  4. glamdring269

    glamdring269 Mouseketeer

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    Thanks Carol, I'll be sure to go through that thread again. It has been awhile. Honestly I think I'm ok with June but just looking for assurance that I'm not overlooking something more than anything else. I tend to overanalyze and fall victim to analysis paralysis way too often.

    After reading through again I think this is likely the most important point:

    So basically, if I never (or rarely) intend to travel during Mar/Apr/May then June should work out just fine.

    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!
     
  5. CarolMN

    CarolMN DVC Co-Moderator Moderator

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    Correct.
    Also correct.
     
  6. Dean

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

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    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.
     
  7. glamdring269

    glamdring269 Mouseketeer

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    Thanks again for the advice everyone. I think you have now well equipped me for venturing into the secondary market and buying my first contract. Not sure when that will actually happen but when it does I will be sure to let everyone know. Thanks!
     
  8. Deb & Bill

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

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    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.
     
  9. glamdring269

    glamdring269 Mouseketeer

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    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!
     
  10. Deb & Bill

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

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    VWL is a very small resort and doesn't get a whole lot of resales. So the history you are looking at may be old and doesn't hold a lot of weight. And I am speaking from my own experience. I had a VWL contract 100 points for sale a few years ago. I was offered about $15 less than I had asked. Countered with the asking price and the potential buyer countered with a few dollars more than they offered the first time. I blew them off, kept the contract and we still use it.
     
  11. glamdring269

    glamdring269 Mouseketeer

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    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.
     
  12. Annielkd22222

    Annielkd22222 Mouseketeer

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    Good luck!
     
  13. glamdring269

    glamdring269 Mouseketeer

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    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.
     
  14. Silver19

    Silver19 Avocado Margarita

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    I'm my opinion, TSS posts their listings quickly and keep them current. Calling won't help. I've tried.

    Calling Fidelity can bear fruit. They will have "whisper listings" (inventory that has yet to be posted online).
     
  15. g.armor

    g.armor Earning My Ears

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    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?
     
  16. Annielkd22222

    Annielkd22222 Mouseketeer

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    I think you should go with either the timeshare store or resale dvc. They both would have called and taken care of the offer immediately....not notify you by email.
     
  17. Dean

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

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    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.
     
  18. Nabas

    Nabas Mouseketeer

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    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.

    With that said, DVC's big selling point (at least that's what the guides say ;)) is that, over the long haul, DVC is supposed to save money.

    The problem with a small contract is that it can take an incredibly long time to reach the break-even point because:

    a. Small contracts sell for premiums

    b. As a percent of the total, the closing cost on small contracts is higher.

    Taking both of these into consideration, someone buying a small contract is paying a much higher per point price. That means it's going to take a longer time to reach the breakeven point where you actually start saving money.

    Many who buy small contracts as their first contracts (I'm not talking about members who add on) do so because that's all they can afford.

    If I was in that situation, then I would hesitate buying DVC because it might be 10-20 years before I reach the break-even point. In other words, for the next 10-20 years, I might actually be spending more than if I simply rented someone else's DVC points or stayed in a Moderate or Value Resort. I wouldn't feel comfortable stretching myself financially, knowing that I could still vacation at WDW once every 3 years, pay less by staying in a Value or Moderate Resort, and not tie-up my capital in what is, after all, a timeshare.
     
  19. chalee94

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

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    you can bank or borrow pts one time, then they are "stuck" in that new UY. you cannot bank them forward to the next UY or otherwise move them after they have been moved once with banking or borrowing.

    so what if things change and you have to cancel one year? maybe you can't reschedule until the next UY. you risk losing 2 or 3 UYs of pts.

    even if things work well, you are unlikely to use exactly 3 years' worth of pts. you'd likely wind up with a few extra pts that might go to waste. (you would have the option of trying to transfer them, but that can be a hassle.)

    and DVC reallocates pts on the point charts sometimes so there's also that risk of winding up short of pts. for example, DVC used to charge 8 pts per weeknight for an OKW studio in low season...now it's up to 10 pts per weeknight. (weekends did get cheaper but if you own a bare minimum of pts, you are probably not splurging, so you would be unlikely to come out ahead in a reallocation.)

    if you only want pts for every third year, just stick to renting IMO.

    (and for the record, i am a dude... :) )
     
  20. crisi

    crisi DIS Veteran

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    I think its less of a deal than it used to be - now that you can rent a few points direct from Disney to round out a contract, but the issue is that you need to be spending EXACTLY 150 points every three years so your points don't go to waste. If you move time of year, you'll have too many or two few points. If DVC adjusts how many points are needed, you'll have too many or too few points. Small contracts sell for a premium on the resale market, so you aren't likely to save too much over renting points after you adjust for the inevitable points lost.
     
  21. lodge

    lodge DIS Veteran

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    lol

    If you purchase a few of these small contracts, with intent of combing 3 years points, you can also transfer leftover points to yourself (or just combine if the same UY) and use those points with a few one-time-use points to grab one more night. It may be at another resort, but use it for your first night stay, to be ready for a full day of Disney the next morning. Then have your things transferred to your longer stay DVC reserved room.

    Possibility/ option if you're willing to put forth some work to do it.
     

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