Couple questions need clarification re: welcome home incentive and splitting a contract

[mjmjbelle1023]

You WILL have full direct benefits if you purchase two 100 point contracts. The total is over the required 150 pts required. If you were to sell one of those contracts you would drop below the threshold and would no longer have the benefits.

Thanks you. I may need a new guide.

 

[davidhr]

so I definitely CANNOT get benefits as a new member if I have two 100 pt contracts? Others are telling me I can and that they have. Should I just call dvc on my own ?

You will have benefits. It doesn’t matter how many contracts you have and how many points per contract. What matters is that you have the direct points needed for the perks between all your contracts.

 

[DanCali]

It’s a way to say that as new member, one of the contracts must be at minimum for 100 points (that’s the minimum they’ll sell to a new member). After that the contracts can be split. As you are a member already this doesn’t apply to you. Well, kind of. They wont split contracts under the minimum add on for the resort.

That makes sense. For further clarification, can you become a "member" with a 25 or 50 point resale contract (didn't apply to ours as they were bigger for both use years) and then not be subject to that minimum since then it's an "add-on"?

 

[Sandisw]

What's a master contract?

We just added 150 VGF into a use year account that previously had only a resale purchase. Our other use year account (June) already had a resale and direct purchase with the DVC-Y benefits, but VGF was a different use year. I asked to split the VGF purchase into 50/50/50 and the concept of "master contract" or any minimum contract size didn't even come up. The account with VGF now shows DVC-Y on the blueish temporary membership card online for that use year (it was a "white card" without the DVC-Y pre-purchase) is linked to the June use year account based on the contract number I see, so the only way I can tell that the VGF account qualified for the direct member benefits is the temporary card online.

Since you are already an owner, even just resale, you are allowed to purchase contracts less than the minimum, which is currently 100. Typically, though, even as an owner, a new UY requires one contract to be that minimum size.

If they let you add on a new UY and gave you three 50 point contracts, that is something new...or you were lucky which is great. I added a new UY last year when buying VGF and I had to keep it at 150 (the minimum then for new buyers) but could have broken up the one I added to my Dec UY...which I had, into smaller contracts.

 

[Sandisw]

That makes sense. For further clarification, can you become a "member" with a 25 or 50 point resale contract (didn't apply to ours as they were bigger for both use years) and then not be subject to that minimum since then it's an "add-on"?

Yes. Once a member, no matter how you got there, makes you eligible for adding on and current membership incentive pricing.

 

[DanCali]

If they let you add on a new UY and gave you three 50 point contracts, that is something new...or you were lucky which is great. I added a new UY last year when buying VGF and I had to keep it at 150 (the minimum then for new buyers) but could have broken up the one I added to my Dec UY...which I had, into smaller contracts.

It didn't create a new use year. We had a resale with a new use year in progress and I wanted that to be complete before adding the VGF purchase (since the closing company didn't have an account number to reference, and I didn't want things to potentially get mixed up by frontrunning a direct purchase with the same use year). Once the resale got added and generated a new account number, we went through with the VGF direct. So the resale contract is the .000 contract in that use year account.

 

[mjmjbelle1023]

You will have benefits. It doesn’t matter how many contracts you have and how many points per contract. What matters is that you have the direct points needed for the perks between all your contracts.

I will have to fight this

 

[Canchaser143]

I will have to fight this

Wow, I would find a new guide lol

 

[mjmjbelle1023]

I will have to fight this

crazy right?

Wow, I would find a new guide lol

crazy right? Lots of bad info. Can I call dvc on my own to get the facts straightened out?

 

[Sandisw]

It didn't create a new use year. We had a resale with a new use year in progress and I wanted that to be complete before adding the VGF purchase (since the closing company didn't have an account number to reference, and I didn't want things to potentially get mixed up by frontrunning a direct purchase with the same use year). Once the resale got added and generated a new account number, we went through with the VGF direct. So the resale contract is the .000 contract in that use year account.

Gotcha! Okay that is why you were allowed to do 50/50/50 as they are actually add ons to your membership.

 

[varyth]

Can I call dvc on my own to get the facts straightened out?

I believe you can call into the main line to request a new guide.

Our guide, Marcel Maritz, just handled our add on (splitting contracts, stacking promotions, waiving title insurance, etc.) without issue.

Email: marcel.maritz@disney.com
Office: (800) 827-2571 / 407-827-6331

 

[myth2001]

I believe you can call into the main line to request a new guide.

Our guide, Marcel Maritz, just handled our add on (splitting contracts, stacking promotions, waiving title insurance, etc.) without issue.

Email: marcel.maritz@disney.com
Office: (800) 827-2571 / 407-827-6331

He is my guide as well. (Got lucky when i called in for a new guide I think)

Already pointed two members intending to buy VGF to him.
Going to be a busy month for him.

 

[bravo2zero]

You definitely need a new guide. As everyone else has noted, as long as your contracts total more than 150 (and one meets the minimum buy-in level) then you will have Membership Extras (unless you sell a contract where you'd fall below 150).

The welcome home benefit TECHNICALLY in the documents is only for those on a trip; HOWEVER, guides have been giving it to many, many people (including myself) who have a trip booked far into the future (12/16/23 for me). It's $1000 for new members, $1500 for add-on members. This is why you would have $1000 (anyone who says it is $1500 was an add-on, guaranteed, it's in the documents on the incentives). If your guide won't give it to you because you're not on a trip, get a new guide.

August UY will most likely require approval and should exist, but is not guaranteed. That said, if you're doing Magical Beginnings, it would seem to be a bad decision to wait until after 8/1 (you have stated buying in September) to complete a contract. That is because prior to 7/27 (they need about 4 days for the sell back), you would sell back your 2022 AUG UY points. After that point, you'd sell back 2023. Why does this matter? You will pay 2023 dues from the date of your contract. Waiting until September means you pay approximately 4 months of dues rather than 5. The savings are a little over $100, but you would get one less year of points on the contract. You could rent out those 200 points for, worst case I would think, roughly $18-20 per point and net another $3500-4000 or you could bank them for your December 2024 trip.

Finally, I think you've posted this on a number of DVC Facebook groups as well. I see a lot of misinformation in those groups often. I think you'll find much better information here. I would be wary of contradictory information from Facebook users (or at least validate it here).

 

[TandemShoehorns]

I will have to fight this

Would both of your 100 point contracts be titled exactly the same? In that case, I believe, you should get the benefits. If, however, they are titled differently.... then I don't know.

 

[myth2001]

Would both of your 100 point contracts be titled exactly the same? In that case, I believe, you should get the benefits. If, however, they are titled differently.... then I don't know.

Indeed, maybe the more accurate description would be you have to have at least 150 direct points in a single membership (different UY would give you different membership), but there can be separate smaller contracts in that membership.

 

[achinforsomebacon]

I believe you can call into the main line to request a new guide.

Our guide, Marcel Maritz, just handled our add on (splitting contracts, stacking promotions, waiving title insurance, etc.) without issue.

Email: marcel.maritz@disney.com
Office: (800) 827-2571 / 407-827-6331

Did you happen to spread your payment over 90 days? We're being told that isn't possible so we might be looking for someone else who can make it happen. We'll also be doing all of the other things you mentioned so it would be nice to get someone familiar with that.

 

[varyth]

Did you happen to spread your payment over 90 days? We're being told that isn't possible so we might be looking for someone else who can make it happen. We'll also be doing all of the other things you mentioned so it would be nice to get someone familiar with that.

I did 30 days for my add-on - sorry!

 

[mjmjbelle1023]

I believe you can call into the main line to request a new guide.

Our guide, Marcel Maritz, just handled our add on (splitting contracts, stacking promotions, waiving title insurance, etc.) without issue.

Email: marcel.maritz@disney.com
Office: (800) 827-2571 / 407-827-6331

What’s this about waiving title insurance?

 

[mjmjbelle1023]

Would both of your 100 point contracts be titled exactly the same? In that case, I believe, you should get the benefits. If, however, they are titled differently.... then I don't know.

he said I can do it

You definitely need a new guide. As everyone else has noted, as long as your contracts total more than 150 (and one meets the minimum buy-in level) then you will have Membership Extras (unless you sell a contract where you'd fall below 150).

The welcome home benefit TECHNICALLY in the documents is only for those on a trip; HOWEVER, guides have been giving it to many, many people (including myself) who have a trip booked far into the future (12/16/23 for me). It's $1000 for new members, $1500 for add-on members. This is why you would have $1000 (anyone who says it is $1500 was an add-on, guaranteed, it's in the documents on the incentives). If your guide won't give it to you because you're not on a trip, get a new guide.

August UY will most likely require approval and should exist, but is not guaranteed. That said, if you're doing Magical Beginnings, it would seem to be a bad decision to wait until after 8/1 (you have stated buying in September) to complete a contract. That is because prior to 7/27 (they need about 4 days for the sell back), you would sell back your 2022 AUG UY points. After that point, you'd sell back 2023. Why does this matter? You will pay 2023 dues from the date of your contract. Waiting until September means you pay approximately 4 months of dues rather than 5. The savings are a little over $100, but you would get one less year of points on the contract. You could rent out those 200 points for, worst case I would think, roughly $18-20 per point and net another $3500-4000 or you could bank them for your December 2024 trip.

Finally, I think you've posted this on a number of DVC Facebook groups as well. I see a lot of misinformation in those groups often. I think you'll find much better information here. I would be wary of contradictory information from Facebook users (or at least validate it here).

He clarified it and confirmed the split.

 

[varyth]

What’s this about waiving title insurance?

I opt to waive title insurance when going direct, since I'm purchasing points directly from the developer. Something I learned from the boards.

Some discussions here: https://www.disboards.com/threads/direct-title-insurance.3879369/
https://www.disboards.com/threads/summer-incentives.3920216/page-14#post-64857037