Buy a transfer or buy an add-on?

[SFlaDisneyfans]

We have a small (100 pt) contract. We have a special family thing next summer and want to bring everyone together and get a grand villa. To do it the way I want I will need to buy a transfer in of about 200 - 250 pts. Looking at current market price puts me in the 3000+ dollar range. I am not adverse to it, but now I start thinking instead of 3000$ for one use points it might make more sense to look for another 100-ish point contract. Spend another 4-5 thousand and have the points for decades.

We are Floridians with annual passes so I know the extra points will never go to waste. The current uptick in resale prices means buying into a bull market which doesn't appeal to us, but it is what it is. Any feedback would be appreciated.

 

[POTCfan]

If I lived in Florida, and had annual passes, I would add-on. Like you said, the points would not go to waste. Yes, contracts are more expensive now, but you can consider the $3000 you would have used to rent points as a discount (as you would have spent it anyway without getting an additional contract). Now if you weren't ever able to use the points after this one vacation, my answer would have been different.

 

[CarolMN]

Will another "100-ish" point contract be enough to get you what you want for next summer? Many of the contracts seem to be stripped these days.

Will you be able to find one and close in time to book a GV for next summer? The 11 month window has already opened for a good chunk of the summer and it won't be long before the 7 month window opens.

Finally, while using the extra points won't be a problem, are you OK with paying the extra dues on the contract? You are looking at somewhere between $1,000 - $1500 per year every year for quite some time. Plus monthly payments if you need to finance, plus closing costs.

Maybe $3,000 once and done isn't so bad for what you need next summer.

Lots to think about. Good luck!

 

[Deb & Bill]

We have a small (100 pt) contract. We have a special family thing next summer and want to bring everyone together and get a grand villa. To do it the way I want I will need to buy a transfer in of about 200 - 250 pts. Looking at current market price puts me in the 3000+ dollar range. I am not adverse to it, but now I start thinking instead of 3000$ for one use points it might make more sense to look for another 100-ish point contract. Spend another 4-5 thousand and have the points for decades.

We are Floridians with annual passes so I know the extra points will never go to waste. The current uptick in resale prices means buying into a bull market which doesn't appeal to us, but it is what it is. Any feedback would be appreciated.

"The best laid plans of mice and men gang oft a-gley." Doing lots of work for a one time big family event sometimes is doomed before it even happens. People drop out at the last minute leaving you holding the bag. Or they show up with extra people. Or they expect you to purchase all the park admission. Or they want you to change the dates because Bobby has Little League practice that week.

Be careful. New members always want to show off their new toys to the rest of the family. And the rest of the family doesn't always appreciate your gesture.

 

[bakerworld]

We have a small (100 pt) contract. We have a special family thing next summer and want to bring everyone together and get a grand villa. To do it the way I want I will need to buy a transfer in of about 200 - 250 pts. Looking at current market price puts me in the 3000+ dollar range. I am not adverse to it, but now I start thinking instead of 3000$ for one use points it might make more sense to look for another 100-ish point contract. Spend another 4-5 thousand and have the points for decades.

We are Floridians with annual passes so I know the extra points will never go to waste. The current uptick in resale prices means buying into a bull market which doesn't appeal to us, but it is what it is. Any feedback would be appreciated.

We were in a similar situation but chose to borrow out our contract which means we've no points now until our Dec UY 2014. So now we're renting points and paying cash for rooms. We didn't want to be in a situation where we'd rented pts and then seems fell apart.

 

[SFlaDisneyfans]

"The best laid plans of mice and men gang oft a-gley." Doing lots of work for a one time big family event sometimes is doomed before it even happens. People drop out at the last minute leaving you holding the bag. Or they show up with extra people. Or they expect you to purchase all the park admission. Or they want you to change the dates because Bobby has Little League practice that week.

Be careful. New members always want to show off their new toys to the rest of the family. And the rest of the family doesn't always appreciate your gesture.

Very valid point. The special event is my 50th birthday, so I know it is happening rain or shine . The GV to me is more economical than multiple rooms. At worst, if some family who will be sharing the GV don't make it, then the loss is theirs. My 50th birthday involves my happy *** in a GV followed by a Disney cruise and that is that

 

[delilah]

"The best laid plans of mice and men gang oft a-gley." Doing lots of work for a one time big family event sometimes is doomed before it even happens. People drop out at the last minute leaving you holding the bag. Or they show up with extra people. Or they expect you to purchase all the park admission. Or they want you to change the dates because Bobby has Little League practice that week.

Be careful. New members always want to show off their new toys to the rest of the family. And the rest of the family doesn't always appreciate your gesture.

Yes, all of this is true. If you want to host an event like that, you can, but keep in mind all of what the poster above has said. We have owned DVC for nearly 10 years at both SSR and AKV. In the early years, we would treat my brother and his family to staying at the same time we did in a studio. We all tried staying in a 2BR, once, and that was a disaster. His family didn't want to go to the parks (or I should say his now ex-wife). She didn't like that we let my son drink Propel instead of plain water. It's better than letting him dehydrate in 100 degree weather. I think that she told my niece that I was "stupid". Really. That coming from a woman who doesn't even have a 2 year college degree talking to a board certified physician. Sounds like somebody doesn't actually know what "stupid" means.

I guess maybe I am a little stupid, because I rented 2 studios near each other for them to come the same time as we did the next year. Then ex-SIL got a little greedy, and wanted to know if I would book a room for them a week when we weren't coming. The answer was "No", and I quit inviting them to stay in a room that I booked. My brother and the kids came the next summer, and stayed at a different timeshare, and joined us for activities.

Now, I a contemplating doing another "stupid" move. I have always wanted to stay at a tree house villa, which is too much space for just my family (I had thought about doing it with my brother and his family before my SIL started her weirdness). This time I was going to invite my husband's family, who live in Tampa. So far I haven't done it, because of experiences with my family. No guarantee they would be any better behaved. If I have low enough expectations, namely, people will come and go as they please, not stay the entire time, not want to go to the park, etc, it might just work.

 

[ldo]

we had a similar situation wanting home resort at HHI and decided to add on just enough to be able to do the trip with the extra points (we had OCT UY and added on in July 2012, so got 2011 points), then we used 2012 points and borrowed 2013 points. So, if you can time it right, you don't even need 100 points--you could get use of 240 points with 80 points.
Then, we had HHI home resort for an EOY trip, which was perfect.

 

[lovin'fl]

We too are wanting to book a GV next year (at HH though...so my 3 teens can bring friends). Our 11 month window opens in about 3 weeks and we need 103 more points. I have been looking for a transfer with no luck. If we did a transfer it would cost about $1236 or so. I suggested to DH that we just add on 30 points direct, for $3150, and he said 'NO WAY'. I thought it would make more sense to own the points rather than rent points to use just once. He is not a fan of buying direct at double to cost of resale, but I think it's sometimes the way to go for smaller add ons with same UY. plus I thought we could get them in time to book our GV in 3 weeks...though I just called our guide and discovered that we'd be #6 on a waitlist, so that helped DH's cause (not buying direct). Anyway, I think OP should just add on.

So, it looks like we'll just book a 2BR and a studio. We can do that with the points we have (are 28 shy of booking the last night in the studio, so we'll have to try to add that night at 7 months out with our OKW points).