Thanks for the info. Doesn't sound like a great incentive.
Just to clarify. Do the developer points have to be used within a year or booked within a year? So if the developer points were given in Sept '08 could they be booked within a year to be used in say May 2010? Or do you have to have them used between Sept '08 & Sept '09? If they do have to be used within a year when does that "year" start? The day you buy into DVC/sign papers or whenever the final paperwork is done? How long does it take once signing the initial paperwork before the points are usually available?![]()
Sorry for all the questions![]()
Just to clarify. Do the developer points have to be used within a year or booked within a year? So if the developer points were given in Sept '08 could they be booked within a year to be used in say May 2010? Or do you have to have them used between Sept '08 & Sept '09? If they do have to be used within a year when does that "year" start? The day you buy into DVC/sign papers or whenever the final paperwork is done? How long does it take once signing the initial paperwork before the points are usually available?![]()
Sorry for all the questions![]()
Developer points must be used within 12 months from the date of purchase. I just bought in on Aug. 16, so I have until Aug. 15, 2009 to use my developer points. I am not sure about when the points are available for use, but I want to say just a few days. I would imagine you would have to close before you can use them, but you would be able to make ressies before that time. HTH Robert
Why does this not sound like a great incentive? It is free points that you can use yourself and/or rent to someone else.
Because of the restrictions. Also, I can buy a DVC resale with more points for cheaper.
So with Developer points for SSR if you bought into AKV you have to wait until 7 months from your trip to book??? Or can you book as soon as you have a member number??
This is a good question and the reply was 7 months from your trip. Not sure what that means?
If your contract date is Sept 1, then do you have 12 months from Sept 1, 2008 to use your developer points (i.e., your trip must be taken by Sept 1, 2009?) What does the 7 month window mean then? If you want to take your vacation lets say July 1, 2009, then you have to wait til December 1, 2009 to book it?
Sorry folks but I get easily confused with all the DVC terms!!
If you buy resale you'll have to pay closing costs. Figure $450 on 100 points so that's another $4.50/point.
With DVC there's no maintenance fees on the AKV points until May '09. There are no maintenance fees at all on the Developer Points.
If you buy resale, the seller will want you to pay, or reimburse, payments for the maintenance fees. And, come January, you will have to pay all the 2009 fees.
To be sure it's apples to apples, you'd have to only look at AKV resales. Comparing the AKV incentive, with a 2057 expiration date, to something like an OKW resale with a 2042 expiration date, can make a difference, but it's apples to oranges.
Can you get DVC cheaper resale? Sure. Can you beat the current incentive? Doubtful.
Since your home resort is AKV, then you will have to wait until 7 months before you arrive to make ressies. i.e. Dec. 1 in your case. Robert