DVC can't send any information to NS?

[MikeyNS]

What kind of "offers" were you thinking of getting?

As for the legal aspects it all depends on how comfy cozy you are with the whole timeshare industry in general. We had faith in Disney and signed without any legal advice, as it was just like purchasing a piece of property. We're bought and sold a contract or two and have had no hassle or hidden agendas on Disney's part. The only thing to be wary of is that if you wanted to sell your DVC to, say, your brother for $1 Disney has the right to have first crack at it (right of first refusal), which helps keep prices relatively stable.

 

[redrosesix]

What kind of "offers" were you thinking of getting?

As for the legal aspects it all depends on how comfy cozy you are with the whole timeshare industry in general. We had faith in Disney and signed without any legal advice, as it was just like purchasing a piece of property. We're bought and sold a contract or two and have had no hassle or hidden agendas on Disney's part. The only thing to be wary of is that if you wanted to sell your DVC to, say, your brother for $1 Disney has the right to have first crack at it (right of first refusal), which helps keep prices relatively stable.

Not comfortable with the timeshare industry at all. Buying at Disney may be pretty safe, but it is one of the most expensive and many other time shares out there are going pretty cheap -- pretty difficult to compare when you can't even get information on the incentives being offered and can't talk to a salesperson.

As far as DVC, if you can't even add on from home then it makes it pretty difficult to take advantage of any incentives unless they're still running them when you get there for your next trip.

Even if we do buy DVC, I'd prefer to have my lawyer and my accountant evaluate the deal and help me figure out the best way to own the contract, especially if there's any chance we won't be using it some year and will be renting out the points. Definitely don't want to get in trouble with the IRS or Revenue Canada, or pay taxes unnecessarily.

 

[MikeyNS]

Yup, DVC is definitely one of the more expensive ones out there, but as I mentioned it does hold its value!
The only tax issue you will have is when you sell it. The IRS holds back 10% of the value, but you can get it back if you file a US tax thingy (good term 'eh?). As for renting you're supposed to claim it as income for revenue canada.

I wouldn't get too hung up on incentives.. unless you're buying a wack of points I've never heard of any real incentives that made me go "gosh, I wish I could get on board with this." (which you can't unless you're in Florida, but then again you tend to find yourself there at least once a year. We found ourselves down 3 times in one calendar year once, and walked out of each resort without a bill for accomodations. Sweet!)

Research, research, research!

 

[redrosesix]

Research, research, research!

What would I ever do without Dis Boards?

Our vacation has to be every Feb. -- the competition my DD goes to is usually over Pres. weekend, although next year it's the weekend after. It's a 2-week trip, but 1 week of it we'll be staying at ASMusic with the other twirlers. Going once a year and trying to get this set up is a bit of a pain -- really wish we had taken time to do the tour when we were there last, but without knowing what questions to ask I guess it wouldn't have helped much.

 

[TagsMissy]

I'm pretty sure when I originally chatted with my guide there was another province. Maybe BC?

Definitely not BC. Perhaps 1 other Provence is in discussion to allow but hasn't done it yet?

I know only people in Ontario can get the information DVD... I just tested it now.

 

[TagsMissy]

Yup, DVC is definitely one of the more expensive ones out there, but as I mentioned it does hold its value!
The only tax issue you will have is when you sell it. The IRS holds back 10% of the value, but you can get it back if you file a US tax thingy (good term 'eh?). As for renting you're supposed to claim it as income for revenue canada.

I wouldn't get too hung up on incentives.. unless you're buying a wack of points I've never heard of any real incentives that made me go "gosh, I wish I could get on board with this." (which you can't unless you're in Florida, but then again you tend to find yourself there at least once a year. We found ourselves down 3 times in one calendar year once, and walked out of each resort without a bill for accomodations. Sweet!)

Research, research, research!

Even for us.. we bought the 160pt BLT plan. We know we won't go every year but by pooling points we go every other year it's still a great deal! We're paying our whole investment off by the first payment due date so we won't have monthly dues over our head.

It isn't necessarily for everybody. Being on the west coast we'll definitely head to Anaheim in the next year or two for a get away too!

 

[MikeyNS]

I was just chatting with a co-worker as she wanted to see where we were staying come this weekend. No problem. Showed her the 2BRs at the Boardwalk, then she asked "that looks nice. how much would it be to stay there?". I looked up the rack rates, multiplied them by the number of nights we're there and came up with $6,210US. WOW.. I don't know how people would afford staying in a 2BR normally, but some actually do pay for cash.

 

[redrosesix]

I was just chatting with a co-worker as she wanted to see where we were staying come this weekend. No problem. Showed her the 2BRs at the Boardwalk, then she asked "that looks nice. how much would it be to stay there?". I looked up the rack rates, multiplied them by the number of nights we're there and came up with $6,210US. WOW.. I don't know how people would afford staying in a 2BR normally, but some actually do pay for cash.

I wonder about that too, but I think it must be those people who go all out on a once in a lifetime type of vacation -- DxDP, the works. I think it's the same people who rent the most expensive cars they can get knowing they would never actually buy one.

I'm not sure they actually can afford it -- from reading the boards I get the feeling there's a lot of people who actually can't but do it anyway. That's just not for me.

 

[MikeyNS]

Everytime we go we tell ourselves how lucky we are because some families can never go no matter what, and others can only afford to go once in their lives. Very thankful.

 

[OntFamily]

Yes, that's what my brother said. But we agree that it actually has the opposite effect -- since we can't evaluate contracts from home, we're left having to make a quick decision without the benefit of our regular legal representation and without being able to compare contracts from different companies.

Once you sign the paperwork, you have 10 days to cancel, and get all of your deposit returned. You can use this 10 days to review the paperwork with your accountant/lawyer.