Help me understand multi-property ownership

[Roveer]

We are getting ready to buy DVC and will chose our home property based on where we really think we want to stay.

What is the reason for owning at different properties? Is it really 11 month booking vs 7 month booking?

If I buy BWV and have sufficient points to stay BCV I can only book BCV at 7 months correct?

But (here's the part I'm a little confused about), if I buy points at a different resort (I'm assuming to get 11 month booking), I have to buy sufficient points to book the entire stay or else I'd have to book at 7 months correct?

This would mean that to have 11 month booking at multiple resorts than you have to basically buy entire DVC ownerships at each resort (read minimum points for the entire stay)? That would mean a lot of points. Why would people do that?

What am I missing here? This may be the only grey spot in my basic DVC knowledge.

 

[chalee94]

What is the reason for owning at different properties? Is it really 11 month booking vs 7 month booking?

usually, yes. for some, maintenance fees are an issue - including the increased risk of special assessments for storm damage to the coastal resorts VB and HH. for some, the expiration date is a factor, BLT goes to 2060 while BCV expires in 2042.

If I buy BWV and have sufficient points to stay BCV I can only book BCV at 7 months correct?

yes. even if you own at both, you can only book BCV at 11 months with BCV pts. BWV pts can be combined with BCV to book BCV (or anything else) at 7 months.

But (here's the part I'm a little confused about), if I buy points at a different resort (I'm assuming to get 11 month booking), I have to buy sufficient points to book the entire stay or else I'd have to book at 7 months correct?

yes. or you'd have to buy at least enough for an every-other-year stay or an every-third-year stay at that specific resort...which is probably more common.

This would mean that to have 11 month booking at multiple resorts than you have to basically buy entire DVC ownerships at each resort (read minimum points for the entire stay)? That would mean a lot of points. Why would people do that?

some people want to hit F&W at epcot every year and buy a master contract at BCV to make that happen but only want to stay concierge at AKV every third year, so they buy a smaller add-on at AKV. others, like DVCMike, are a special case...

 

[Roveer]

Aahh.. I totally missed that point. You can buy smaller contracts (1/3rd) at 3 properties and with banking/borrowing stay at each one every 3 years and maintain 11 month booking still maintaining a DVC visit each year. The nuance of the DVC...

 

[chalee94]

Aahh.. I totally missed that point. You can buy smaller contracts (1/3rd) at 3 properties and with banking/borrowing stay at each one every 3 years and maintain 11 month booking still maintaining a DVC visit each year. The nuance of the DVC...

yep - you get the 11 month advantage at BCV only with BCV points...but they can be banked BCV pts, current BCV pts, borrowed BCV pts or even transferred BCV pts.

 

[Roveer]

What are transferred points. More learning need, must learn...

 

[chalee94]

What are transferred points. More learning need, must learn...

transferred pts are when one DVC owner calls MS and transfers the rights to a certain number of pts to another DVC owner. the pts transferred retain their home resort status and UY. (banked pts may not be transferred but transferred pts may then be banked.)

you only get one transfer per year, so they can be tricky to come by.

(also, the rules say you can't receive compensation for transfers...but let's just say that it happens.)

so if i want to book a concierge studio at AKV at 11 months, i could find an AKV owner to transfer me the points i need for my reservation. then i can call and book AKV at 11 months with those AKV points even though i only "own" at OKW. i now own those points and can book the reservation just as if i were an AKV owner...if i decide to make changes and eliminate a night or whatever, it's as easy as calling MS.

(an alternative would be to rent at AKV. i could find an AKV owner to rent his AKV pts to me (which is actually renting a reservation - as he still owns the pts) to book AKV concierge at 11 months. the downside is that i still cannot call MS about the reservation (since i don't own the points) and any changes would need to be run through that owner. OTOH, you can rent more than once per year.)

 

[mikron]

We bought into SSR, got points for $70.00 on a deal Disney had to push sale of the resort. Bought resale OKW again got a good deal from seller. We have owned since 2004 and have on problem booking at any of the resorts.

 

[chalee94]

We bought into SSR, got points for $70.00 on a deal Disney had to push sale of the resort. Bought resale OKW again got a good deal from seller. We have owned since 2004 and have on problem booking at any of the resorts.

as long as you'd still be happy if you start having problems booking somewhere else at 7 months, this is a great strategy.

 

[Roveer]

So let me understand this correctly. points transfers are permanent between two DVC members? I'm assuming the receiving party has to be a DVC member correct?

So this is a way to "buy" points without having to go to the resale market and pay closing fees, assuming you find someone who wants to sell, er transfer. I'm guessing that saves the seller their resale commission to. Does DVC allow you to add on to existing contracts or do you have to do that through resale?

Since I have not seen discussion of this on DIS is this kind of back room one member to another? or is it just not that prevelent?

Just looking to understand if there is any advantage to this.

 

[DVCGeek]

So let me understand this correctly. points transfers are permanent between two DVC members? I'm assuming the receiving party has to be a DVC member correct?

Yes- the transferred points can't be undone and yes both parties must be members. HOWEVER, you are only transfering points for a single use year (or just a part of it). With a resale you buy ALL the remaining points every year until the contract expires. For example, a 50 point transfer is jsut that- one time, 50 points. A 50 point resale is 50 points EACH YEAR until 2042 (or 57, or 60...).

Does that help?

Since I have not seen discussion of this on DIS is this kind of back room one member to another? or is it just not that prevelent?

Point transfers can be found on the DIS here: http://www.disboards.com/forumdisplay.php?f=29

 

[cvjw]

We are in the process of buying contracts at VWL and BCV because that is where we will want to stay most, and can book at 11 months out. We then decided to buy some cheaper points at OKW to use for stays at 7 months. I think this will be a good strategy - we can always book our favorite resort at 11 months out, or use the OKW points for rooms at 7 months. I have not had to worry about juggling 3 contracts yet, hope it won't be too difficult.

 

[ToddyLu]

some people want to hit F&W at epcot every year and buy a master contract at BCV to make that happen but only want to stay concierge at AKV every third year, so they buy a smaller add-on at AKV. others, like DVCMike, are a special case... [/QUOTE]


That man is a legend, I want to be him some day. Or maybe his trusty sidekick ToddyLu

 

[wdrl]

In situations where a member has multiple home resort contracts all under the same master contract (same UY and same ownership), can the member choose from which contract points are applied to a reservation, and whether borrowed points are applied? More specifically, can you borrow points from one contract even though there are points available on a second contract?

Hypothetical example: I have a 160-point BLT contract and a 100-point OKW contract in my name and with a February use year. I banked all of my points on both contracts into my 2010 UY. Lets say it is November 1, 2009, and I plan on making two trips to WDW in 2010: A trip in March to OKW that will cost 220 points, and a second trip in December to BLT that will cost 480 points. Since it is November 1 in this example, I can make the OKW reservation right away, but I cannot make the BLT reservation until January 24, 2010, at the 11-month window.

If I call and make the OKW reservation (which is within the 7-month window), I will need more than just my banked and 2010 UY OKW points. Can I tell MS to borrow 20 points from my 2011 UY from my OKW contract to complete the reservation? Or will MS require that I use 20 points from my BLT contract to fulfill the 220 point reservation before I borrow any points? I don't want to use any BLT points for my March trip because I will need to all 480 of my banked, current, and borrowed BLT points to make my Holiday reservation in January at the 11-month window. If I am required to use even 20 points from my BLT contract to complete my OKW reservation, then I won't have enough points to book the Holiday trip at BLT.

I appreciate your help in understanding the nuances of multiple contracts!

 

[LisaS]

So this is a way to "buy" points without having to go to the resale market and pay closing fees, assuming you find someone who wants to sell, er transfer. I'm guessing that saves the seller their resale commission to. Does DVC allow you to add on to existing contracts or do you have to do that through resale?

You are confusing a one-time transfer of points with buying/selling a DVC contract.

Let's say I have 50 current Use Year points left in my account that I'm not going to be able to use by the end of their UY. Rather than bank them into my next UY, I can opt to transfer them to another DVC member. Let's say you are a DVC member and you want to take an extra trip this year but you don't have enough points left in your account. We could arrange to have some/all of my 50 excess points transferred into your DVC account. Once transferred, those 50 points are your points to be used to book your trip. But those 50 points are all you get -- you didn't buy my contract, you just bought a one-time transfer of 50 extra points that I had.

Now if you need an extra 50 points every year, you can opt to buy an add-on through Disney. That would be a new contract at any resort of as few as 25 points (if paying cash) or as few as 50 points if you want Disney financing. It must be the same UY as your current contract. You can also buy another contract on the resale market and if it is the same UY as your current contract and is titled exactly the same way, you can ask Disney to set it up as an add-on to your current contract.

Also, regarding commissions and closing fees, it is possible for DVC members to sell their contract themselves without the use of a broker. You can handle the closing yourself as well though there are still fees payable to both Disney and to the county for various things. This saves the seller some money but it doesn't really benefit the buyer.

 

[DVC Mike]

others, like DVCMike, are a special case...

Hey, I like being called "special"!

 

[Greysword]

In situations where a member has multiple home resort contracts all under the same master contract (same UY and same ownership), can the member choose from which contract points are applied to a reservation, and whether borrowed points are applied? More specifically, can you borrow points from one contract even though there are points available on a second contract?

Yes and no.

More specifically if the reservation is within the 7-11 month window, you will need to use points from that resort only (normal, banked, borrowed, transferd). If it is less than 7 months, then you may use any DVC points from any DVC resort (normal, banked, borrowed, transfered) to make the reservation in any combination.

We booked our upcoming AKV reservation using borrowed SSR points, current year BLT points and borrowed BLT points. We could have used our current year VGC points instead of borrowing, but we want to bank those for a future trip .

I guess basically, under 7 months, points are points and it doesn't matter what resort they are from or what year.

P.S. We are waitlisted for BLT, but we really want to try AKV, too. Thats why we used the points as such.