Advice - Getting to 150 Direct

[tx911]

That's not too bad since small contracts are usually priced higher per point than larger contract in resale market.. I will probably do this when I get mine direct from Disney.

Yeah, it was worth the small upcharge to me.

They will lay it all out for you with the breakdown when you buy.

 

[DanCali]

This is true but sometimes, by the time you call to purchase, when searching last minute, it’s gone.

Just happened to me…though I had the points but did search instead of modify.

By the time I did, one of my two nights was gone.

Are you able to use OTU points online once you buy them?

 

[Boosterman]

Yeah, it was worth the small upcharge to me.

They will lay it all out for you with the breakdown when you buy.

Awesome. Thanks!

 

[AstroBlasters]

That's not too bad since small contracts are usually priced higher per point than larger contract in resale market.. I will probably do this when I get mine direct from Disney.

Smaller contracts and Fixed Weeks are the “pro move”

 

[tx911]

Smaller contracts and Fixed Weeks are the “pro move”

Yeah, unfortunately it took me a while to "turn pro"
Some you went straight out of high school

 

[Sandisw]

Are you able to use OTU points online once you buy them?

Yes, you can. That is why people make a fake night to buy them and cancel so they are their for using.

But, when you are doing something last minute, you might not know you wlll need them until you do.

 

[davidhr]

Question: If you do 3x50 direct from Disney, (1) Can you still get the incentive for 150 point threshold? (2) Do you pay the closing cost once or three times?

Only if you’re already a member. New members need at least one contract of 100.

Edit: I mean you can only do 3x50 if you’re a current member.

 

[tx911]

Only if you’re already a member. New members need at least one contract of 100.

Thanks, I did not know that!

 

[Boosterman]

Only if you’re already a member. New members need at least one contract of 100.

Edit: I mean you can only do 3x50 if you’re a current member.

Gotcha. I already have 175 points at CCV so I should be good. Good information though.

 

[Genie+]

Closing will need to paid on each contract, and I believe title insurance would be each contract as well.

As far as 150pts, I think 100 and 50 is a good move. As someone pointed out, 100pts is the minimum first purchase for a non-member. So that solves that. But I also think it is just as good as 50/50/50, in that 100/50 still works whether you want to sell off one third, two thirds or all three thirds at some point. Though not as good if you wanted to do that incrementally, or have 3 children you might want to hand the points off equally, etc.

 

[Chili327]

It is really interesting looking back and seeing our perceptions vs. reality. The #1 advantage to DVC has been it locks us into a vacation. We all-too-often don't pull the trigger on vacations. We just get too busy and put it off until it just plain does not happen. With DVC it's use it or lose it, and we are not going to lose it. This was especially true in 2020 when everything shut down - that was our best trip ever, and we would have cancelled FOR SURE had we not owned DVC.

Absolutely!!

That's not too bad since small contracts are usually priced higher per point than larger contract in resale market.. I will probably do this when I get mine direct from Disney.

Yep if/when you go to sell it will not only hold the value better, but will sell faster too.

Only if you’re already a member. New members need at least one contract of 100.

Edit: I mean you can only do 3x50 if you’re a current member.

Ooh, I guess I didn't remember that either. Here I was thinking i may do some 50pt add-ons over time & get to 150 eventually, but I guess that isn't true. Crazy to think I would have 150 direct points all in the same UY/Membership, but still get denied. lol (that's why I'll probably just stick with resale)

Or did you mean that if I wasn't a member id have to buy 100, not really related to benefits?

 

[AstroBlasters]

Closing will need to paid on each contract, and I believe title insurance would be each contract as well.

As far as 150pts, I think 100 and 50 is a good move. As someone pointed out, 100pts is the minimum first purchase for a non-member. So that solves that. But I also think it is just as good as 50/50/50, in that 100/50 still works whether you want to sell off one third, two thirds or all three thirds at some point. Though not as good if you wanted to do that incrementally, or have 3 children you might want to hand the points off equally, etc.

I don’t think you need title insurance if you buy directly from the developer.

 

[Sandisw]

Absolutely!!


Yep if/when you go to sell it will not only hold the value better, but will sell faster too.


Ooh, I guess I didn't remember that either. Here I was thinking i may do some 50pt add-ons over time & get to 150 eventually, but I guess that isn't true. Crazy to think I would have 150 direct points all in the same UY/Membership, but still get denied. lol (that's why I'll probably just stick with resale)

Or did you mean that if I wasn't a member id have to buy 100, not really related to benefits?

Once you are an owner, you no longer need to meet the 100 point minimum contract.

That 100 point minimum is the current threshold for new buyers. That is why they can’t do 50/50/50.

But, since you own, you can work your way up. Just need to be sure that if those contracts are the ones that make you eligible, you can not sell them later.

 

[Chili327]

Once you are an owner, you no longer need to meet the 100 point minimum contract.

That 100 point minimum is the current threshold for new buyers. That is why they can’t do 50/50/50.

But, since you own, you can work your way up. Just need to be sure that if those contracts are the ones that make you eligible, you can not sell them later.

Ok cool, i thought that was correct, so was surprised when i read the other. So there is still direct hope.

 

[Genie+]

I don’t think you need title insurance if you buy directly from the developer.

I agree it’s not needed, and we did not buy title insurance on our direct purchase. I think that puts us in a rare category though, as most people would rather just pay the $200 over taking the time to learn and weigh how much risk there is or isn’t. Resale we bought Title Insurance and I’d never skip it there. Direct - I’d skip it every time

 

[AstroBlasters]

I agree it’s not needed, and we did not buy title insurance on our direct purchase. I think that puts us in a rare category though, as most people would rather just pay the $200 over taking the time to learn and weigh how much risk there is or isn’t. Resale we bought Title Insurance and I’d never skip it there. Direct - I’d skip it every time

Agreed

 

[Steelers0854]

Just wanted to close out this thread with an update!

Good Morning everyone, DW and I just got off the phone with our guide and just completed our first direct purchase for a 150 point (3 x 50 point contracts) on the Poly! We did ask and unfortunately Magical Beginnings were not available for this so thats too bad. We are closing in 60 days so more than enough time if the December incentives improve. Pretty easy process but did take a little longer with having the 3 separate contracts, essentially just had to do everything 3 times. Guide was of course wonderful throughout the whole process. Excited that we get to use our benefits essentially starting this weekend since we are taking a short trip in 2 weeks.

Thank you again to all you wonderful people. You really helped us with our journey here.

 

[Boosterman]

Just wanted to close out this thread with an update!

Good Morning everyone, DW and I just got off the phone with our guide and just completed our first direct purchase for a 150 point (3 x 50 point contracts) on the Poly! We did ask and unfortunately Magical Beginnings were not available for this so thats too bad. We are closing in 60 days so more than enough time if the December incentives improve. Pretty easy process but did take a little longer with having the 3 separate contracts, essentially just had to do everything 3 times. Guide was of course wonderful throughout the whole process. Excited that we get to use our benefits essentially starting this weekend since we are taking a short trip in 2 weeks.

Thank you again to all you wonderful people. You really helped us with our journey here.

Congratz! I'm curious about the December incentive as well. What were the additional costs involved for splitting 150 points into 3 x 50?

 

[Boosterman]

Congratz! I'm curious about the December incentive as well. What were the additional costs involved for splitting 150 points into 3 x 50?

NVM I just saw your reply on the other thread. Basically $250 document fee per contract and 3 way split on the closing cost which is not bad at all.

 

[AstroBlasters]

Just wanted to close out this thread with an update!

Good Morning everyone, DW and I just got off the phone with our guide and just completed our first direct purchase for a 150 point (3 x 50 point contracts) on the Poly! We did ask and unfortunately Magical Beginnings were not available for this so thats too bad. We are closing in 60 days so more than enough time if the December incentives improve. Pretty easy process but did take a little longer with having the 3 separate contracts, essentially just had to do everything 3 times. Guide was of course wonderful throughout the whole process. Excited that we get to use our benefits essentially starting this weekend since we are taking a short trip in 2 weeks.

Thank you again to all you wonderful people. You really helped us with our journey here.

Congratulations and Welcome Home Again!