Found another one....

[Kim Gillihan]

Found kV 320 points, June UY with all points available. It was listed really high like 98 ppt, I offered what I had offered on past one which was 76! I did not expect them to accept! They did. So, in between all of this I was contemplating buying 300 points and splitting them between akv and blt. This is a great deal and my use year... will it make it thru rofr? Since it is my UY and all points available, what do yall think?

One more thing, there are 150 bonus points available they are calling them... I am trying to get an answer has to what these points exactly are.. I can pay little more to have them .. trying to get clarification now.

Advice appreciated as always...

Thanks, KIM

 

[JETSDAD]

I'm guessing they mean 2015 or 2016 pts??? If that's the case, with your UY they won't have much value by the time you close.
Congrats and good luck this time around!! There seems to be no predicting what Disney will do.

 

[CarolynFH]

I've been following your saga and just wanted to wish you the best. Hoping ROFR doesn't grab this contract!

 

[mustinjourney]

can you copy and paste the original listing? This makes no sense. I've never heard of anyone trying to include/exclude "bonus points."

If those are 2015 points that were banked -- they can't be transferred out of the contract, so the person can't really exclude them from the sale. They COULD use them for a rental that takes place prior to June 1st; however, that would mean that you could not close on the contract until June 1st. If that is the case, then they should have said that in the listing.

If they are 2016 points, then those points could be transferred out to another contract --- which would make the most sense. However, I wouldn't consider those "bonus" points, since those are the current points in the contract.

I would also make sure that if there are 2016 points available, you make sure they get banked into 2017. Otherwise, you won't have time to use them.

With that said, it looks like they are within the deadline to bank, so they might not be able to bank them though -- Disney might make a one time exception if someone asks really nicely though.

 

[Littlelulu01]

Is this a broker owned contract? I made an offer on a broker owned contract in January that had, "bonus points ." The broker said he would accept price but take the available points. I passed just because I feel the loaded points, especially on larger contracts, are worth more to me than the couple dollars saved by purchasing a stripped contract.

 

[ziravan]

If you have to pay extra, I'm thinking maybe the broker is offering to transfer points into your account after closing....for a price.

 

[D-Trick]

Found kV 320 points, June UY with all points available. It was listed really high like 98 ppt, I offered what I had offered on past one which was 76! I did not expect them to accept! They did.

Good luck!

However, since your first was taken by Disney at that price, why didn't you raise your offer by at least 1 or 2 dollars?

 

[Kim Gillihan]

Good luck!

However, since your first was taken by Disney at that price, why didn't you raise your offer by at least 1 or 2 dollars?

Honestly, I didn't expect them to accept it and I have seen lots of others at even lower prices that weren't taken.... I am not sure why they took mine! So, great question though.... plus this is more points than I originally wanted so trying keep cost down.... we shall, see I have to look into all this more regarding those banked pionts etc. I did find out they are banked.. this is thru sell your time share now... and they don't speicalize in DVC unfortunately.....

 

[CarolMN]

Honestly, I didn't expect them to accept it and I have seen lots of others at even lower prices that weren't taken.... I am not sure why they took mine! So, great question though.... plus this is more points than I originally wanted so trying keep cost down.... we shall, see I have to look into all this more regarding those banked pionts etc. I did find out they are banked.. this is thru sell your time share now... and they don't speicalize in DVC unfortunately.....

The "bonus" points are almost certainly going to be of absolutely no value to you. If they are banked from the 2015 use year, they will expire on May 31, 2017. You won't even be closed by then. If there are any unbanked points from the 2016 use year, those will also expire on May 31, 2017 because the banking deadline was January 31, 2017. Too late for the owner to bank them now.

Based on reports I have read about www.sellmytimesharenow.com, you are going to have to keep on them. They are notorious for acting very slowly, ignoring emails, and not knowing what they are doing for DVC. Make sure they tell you right now what extra fees you will have to pay on top of closing fees and get an itemized list of those. Get it in writing and tell them you will withdraw your offer if they don't disclose those to you in writing right now. Ask them when they plan to submit your offer to Disney for a ROFR waiver. Sorry to be a bit of a Debbie Downer. These folks do not have a very good track record. Good luck - hope it all works out for you.

 

[ELMC]

Found kV 320 points, June UY with all points available. It was listed really high like 98 ppt, I offered what I had offered on past one which was 76! I did not expect them to accept! They did. So, in between all of this I was contemplating buying 300 points and splitting them between akv and blt. This is a great deal and my use year... will it make it thru rofr? Since it is my UY and all points available, what do yall think?

One more thing, there are 150 bonus points available they are calling them... I am trying to get an answer has to what these points exactly are.. I can pay little more to have them .. trying to get clarification now.

Advice appreciated as always...

Thanks, KIM

I'm glad you found a contract at a price you are happy with. But the portion I highlighted above is a huge red flag. I have bought a good number of DVC contracts from many different brokers, and in every case the advertised points were the advertised points and the price agreed upon was the price. This sort of maneuvering makes me nervous, and I would advise you to proceed with caution.

 

[ELMC]

Good luck!

However, since your first was taken by Disney at that price, why didn't you raise your offer by at least 1 or 2 dollars?

I am a firm believer that paying extra so a contract will pass ROFR is wasted money. There are so many unknown variables as to why contracts get taken, to pay extra for insurance is not worth it, in my opinion. If it gives you peace of mind that's great, but simply paying more doesn't mean your contract won't get taken and I'm not sure how much of an effect it actually has. I recently had a BWV contract taken at $96 but a slightly larger contract pass at $81. Both had current and 2017 UY points. There are clearly other factors at play.

 

[mustinjourney]

Honestly, I didn't expect them to accept it and I have seen lots of others at even lower prices that weren't taken.... I am not sure why they took mine! So, great question though.... plus this is more points than I originally wanted so trying keep cost down.... we shall, see I have to look into all this more regarding those banked pionts etc. I did find out they are banked.. this is thru sell your time share now... and they don't speicalize in DVC unfortunately.....

Are you sure they are June UY? The one I'm seeing is Dec UY.

They have the maintenance fee listed as $870 per year -- which is not even close for 320 points...it's not even right for 160 points (which the one I'm looking at is showing two 160 point contracts for 320 points total).

Like someone already said, you will likely have to stay on top of these people since they do not specialize in DVC. This stuff isn't rocket science, but they can forget to do things that can make life more stressful than it needs to be.

In your contract -- make sure that it is clear about how many points there are in each UY -- and that if there are any points missing prior to closing, then they will be valued at $17 a point and that amount will be subtracted from the seller's total at closing.

 

[kboo]

Ack! Good luck to you! I, too, have been following your saga. This time, though, I'm now worried about the selling broker... please keep us posted!

 

[Kim Gillihan]

I'm guessing they mean 2015 or 2016 pts??? If that's the case, with your UY they won't have much value by the time you close.
Congrats and good luck this time around!! There seems to be no predicting what Disney will do.

they are 2016 banked into 2017 I guess...

 

[Kim Gillihan]

Are you sure they are June UY? The one I'm seeing is Dec UY.

They have the maintenance fee listed as $870 per year -- which is not even close for 320 points...it's not even right for 160 points (which the one I'm looking at is showing two 160 point contracts for 320 points total).

Like someone already said, you will likely have to stay on top of these people since they do not specialize in DVC. This stuff isn't rocket science, but they can forget to do things that can make life more stressful than it needs to be.

In your contract -- make sure that it is clear about how many points there are in each UY -- and that if there are any points missing prior to closing, then they will be valued at $17 a point and that amount will be subtracted from the seller's total at closing.

There is one that is a total 320 june uy contract.. I wish the dec one was june, much rather have it split... ugh.. I really don't like dealing with a company not specializing in dvc either..... Thanks for the tips. I may see if can find 2 160 vs. 1 320 but I am getting good deal per point on this one....

 

[Kim Gillihan]

I am a firm believer that paying extra so a contract will pass ROFR is wasted money. There are so many unknown variables as to why contracts get taken, to pay extra for insurance is not worth it, in my opinion. If it gives you peace of mind that's great, but simply paying more doesn't mean your contract won't get taken and I'm not sure how much of an effect it actually has. I recently had a BWV contract taken at $96 but a slightly larger contract pass at $81. Both had current and 2017 UY points. There are clearly other factors at play.

good to know!!

 

[Kim Gillihan]

I'm glad you found a contract at a price you are happy with. But the portion I highlighted above is a huge red flag. I have bought a good number of DVC contracts from many different brokers, and in every case the advertised points were the advertised points and the price agreed upon was the price. This sort of maneuvering makes me nervous, and I would advise you to proceed with caution.

I agree......

 

[Kim Gillihan]

The "bonus" points are almost certainly going to be of absolutely no value to you. If they are banked from the 2015 use year, they will expire on May 31, 2017. You won't even be closed by then. If there are any unbanked points from the 2016 use year, those will also expire on May 31, 2017 because the banking deadline was January 31, 2017. Too late for the owner to bank them now.

Based on reports I have read about www.sellmytimesharenow.com, you are going to have to keep on them. They are notorious for acting very slowly, ignoring emails, and not knowing what they are doing for DVC. Make sure they tell you right now what extra fees you will have to pay on top of closing fees and get an itemized list of those. Get it in writing and tell them you will withdraw your offer if they don't disclose those to you in writing right now. Ask them when they plan to submit your offer to Disney for a ROFR waiver. Sorry to be a bit of a Debbie Downer. These folks do not have a very good track record. Good luck - hope it all works out for you.

NO worries, I am already worried about it... would rather be dealing with someone else!! I have asked for all cost in writing and have not received and won't proceed until I do....still looking for other options as well... I dont think this guy knows what he is talking about either, telling me banked points are good for 2 years... thats not right.

 

[Kim Gillihan]

Question - If I can find 2 contracts with a reputable dvc broker vs. 1 big one with these guys, is it worth paying more? Easier to sell if decide to buy another resort... etc.

 

[Shellyred8]

Question - If I can find 2 contracts with a reputable dvc broker vs. 1 big one with these guys, is it worth paying more? Easier to sell if decide to buy another resort... etc.

I think it would be easier to sell the two smaller contracts instead of one big one. But it all depends on the buyers that are out there at the time you are looking to sell. The big ones are a little scary because of the high lump-sum cost.