Help!! Sell VB to buy WDW resort?

[goofy4dvc]

We initially purchased VB two years ago because our guide pushed this property and we fell for the incentive ($2,500 downpayment in trade for first year's points). A few months ago we purchased additional points at BCV. Of course, when we purchased VB, our guide assured us that the 7-month ressie window would be no problem, especially when we never plan to go during the summer months. Now, I'm hearing (and experiencing) that it's becoming more and more difficult to get ressies in that 7-month window. Soooo, my DH suggested that we sell our VB and buy more points (in an onsite resort) either from resale or from DVC. I know DVC will only allow you to purchase same use year. Does that apply to purchasing on resale also? Would there be any advantage to having two use years? I would think it would help because it would give you two different resorts with 11-month window at different times of the year. That is, if you purchased at two different on-site resorts. Wish I had known about this discussion board before we ever purchased. Most of what I've learned has been through here. Thanks for your help.

 

[Dean]

Many of us have cautioned about buying VB with the idea of staying mostly at WDW. I think your experience is becoming more the norm. It's unfortunate you are in this situation but you do have options. I'd first contact your guide directly and explain to him. Tell him you're unhappy with your purchase and that what was promised hasn't been accurate and that you'd like to drop the VB points and get the same number/use year at BCV or WLV. They do still have some WLV points available. Make a convincing case that this is what you were promised and this was the only reason you bought VB, assuming that's the case. Also give specifics of when you haven't been able to get WDW resorts as you were promised. I haven't heard of anyone doing this other than those that were still in their recision period but I'd give it a try and you have nothing to lose. Even if they go for it, you will likely have costs of somewhere in the area of the difference between what you paid per point and the current price of $80 pp. That's a hefty difference of somewhere around $20-25 pp but you'd avoid any brokers fees and likely closing costs. IF they do it, they will likely want you to pay the deed preparation and recording fees as a minimum.

The alternative is to sell your contract and repurchase either through DVC or resale. DVC will allow you to purchase from them any contract for any available use year as long as it's at least 150 points but I'm sure they'll want you to have the same use year as your add on contract. You can buy a resale for any use year and still have the BCV contract. The disadvantage to different use years is that it's more accounting hassles. The advantage can be that you can match a specific trip to a specific use year. This increases your chances of being able to bank the points if you cancel and also to have more time to use the points. I have April, August and December (2 resorts) and if I make a specific reservation, I think about which home resort priority will help me most and try to use the contract that will put the reservaiton as early in that use year as possible. If I were using current years points, I'd use the April use year for an April trip and so on.