Information on points needed

[chuckcorden]

Can someone point me in the right direction to get information on purchasing points? I'm talking about small lots, say 25-50 or so.

Also, I know what "renting" points is (not interested) but what are "transfers" of points?

Thanks,
Chuck

 

[sean-1966]

As far as small contracts click at the link for the Timeshare Store at the top of the page. Transfer of points is just renting between members.

 

[MILLZ]

Can someone point me in the right direction to get information on purchasing points? I'm talking about small lots, say 25-50 or so.

Also, I know what "renting" points is (not interested) but what are "transfers" of points?

Thanks,
Chuck

ITS VERY HARD TO FIND THE SMALL CONTRACTS

 

[LisaS]

A member can transfer points from his/her account to another member's account. Those points then belong to the receiving member and can be used to book stays. Members on both sides of this transaction generally prefer this to renting points. The original owner of the points does not have to make reservations, make changes, etc -- they just transfer the points and they are done. The receiving member has control of the points and can make their own reservation, changes, book DME, whatever needs to be done.

You can transfer points once per Use Year, either into or out of your account, not both. So if you decide to have points transferred into your account, make sure you evaluate very carefully how many points you need because you get one shot at it per Use Year!

 

[DMKEDM]

Yes, the discussions on these boards would suggest that small contracts (100 points or fewer) are in short supply, and are snapped up very quickly. They are, reportedly, also very hard to get thru Disney's right of first refusal (ROFR) process...so it takes some luck to snag one on resale.

As for direct sales from Disney: as I understand it, for a first-time buyer you have to purchase at least 150 points. If you are already an owner, you can add on fewer than 150 points--the minimum add-on is (as I understand it) 25 points if you pay for it up front; 50 points if you finance...

If you buy thru Disney, they will sell you the points total you want (so long as it's at or above the minimum) as soon as they have points available, at any of the 7 DVC resorts...if you buy via resale, you have to buy the contract that's being offered for sale, which gives you less flexibility in terms of setting the number of points you want...

Good luck!

 

[chuckcorden]

A member can transfer points from his/her account to another member's account. Those points then belong to the receiving member and can be used to book stays. Members on both sides of this transaction generally prefer this to renting points.

I'm assuming that the two parties work out financial arrangements subject to Disney's approval. Is that right? For example, the going rate for the transferred points should be close to what the points go for in purchases (i.e. $95+). Am I correct?

Chuck

 

[dianeschlicht]

I'm assuming that the two parties work out financial arrangements subject to Disney's approval. Is that right? For example, the going rate for the transferred points should be close to what the points go for in purchases (i.e. $95+). Am I correct?

Chuck

Actually a transfer between members is handled much like a rental and will be about the same cost per point as renting. If you are talking about buying a resale contract, that is going to be closer to $85/per point and up depending on the resort and the size of the contract, and will be subject to Disney's right of first refusal. The number of years the contract is in effect could be different by resort. OKW, BWV, BCV, and VWL all have contracts that expire in 35 years, while SSR has a contract that expires in 47 years. While the purchase price is a one time option, your maintenance fees will change annually depending on operating expenses and insurance.

 

[skibum]

Chuck -

Are you looking for long-term points to add-on to your account, or temporary points for a one-time use?
Since I know you are interested in the Epcot resorts, you can purchase these directly from Disney at $95/point with no closing costs (that is what we did), and they will match that up with your October use year.
If you just want some for a one-time special event, you can transfer points into your account. It is like renting somebody's points, except they do not make the reservations, you control the points.
Feel free to PM me if you have any other questions.

 

[lisaviolet]

A lot of small resale contracts don't make the posting page because potential buyers give the resale companies information on what they are looking for...

The day they come in they phone people on their list and some of those contracts are "bought" before they get posted.

So phone the resale companies and leave your info and what you are looking for to get the best selection of small contracts.

Best of luck to you,

Lisa

EDIT: Hey wait...Aren't you a new owner? If that is correct then if it is you that wants the small contract then it is simple. Just as one the posters said....just phone your guide and voila (unless there are none..then waiting list) points. 25-49 have to be purchased upfront. 50 plus can be financed if needed.

Any point amount to buy 27, 89, 102......

 

[LisaS]

I'm assuming that the two parties work out financial arrangements subject to Disney's approval. Is that right? For example, the going rate for the transferred points should be close to what the points go for in purchases (i.e. $95+). Am I correct?

Chuck

I think you are confusing transferring points needed to make a one-time reservation and someone selling their entire contract to another member.

Point transfers: You want to make a reservation that requires 200 points and you only have 100 points left in your own account. Meanwhile, some other members have found themselves with an excess of points that they cannot use before they expire, perhaps due to cancelling a trip past their banking deadlines. They advertise on the DVC Rent/Trade board that they have 100 points available for transfer for $10/point. You contact them, make payment arrangements and they call MS to have those 100 points transferred to your account. Now you have the 200 points you need to make that one reservation.

Purchasing an add-on: If what you really want to do is purchase an additional contract of 25-50 points, you can do that directly through Disney for $92-$101 per point depending on the resort you want ($92 for OKW, $95 for BCV, BWV, VWL, $101 for SSR, don't know the current price for HHI or VB). The new contract must be for the same Use Year as your master contract. It is referred to as an "add-on" contract. It will have the same base contract number with an ".001" extension. You will owe annual dues on the add-on just as you do on your master contract. You will get an allotment of points every year, just as you do with your master contract. Minimum purchase is 25 points cash, 50 if financing. You can purchase any number of points above the minimum: 27 points, 53 points, whatever you need. You can also purchase small contracts via the resale market. These go for premium price and you will pay closing costs and may have to reimburse the seller for part or all of the current year's dues. Those two items will add another $10/point or so to the asking price of the contract.

Hope this helps!

 

[LisaS]

I should mention one other point that gets asked all the time concerning add-on contracts. If you own 150 points at SSR and you add-on 25 points at BCV (so you can book there for F&W), you can use only the 25 BCV points to book 11 months out at BCV. At 7 months out, you can use the SSR points to add on additional days. You cannot combine the 150 SSR points and the 25 BCV points at 11 months out.

What some people have done with a 25-point add-on is bank points from year 1 to year 2 and have 50 points every other year to book a stay 11 months out, or bank Y1 points to Y2 and borrow Y3 points into Y2 and have 75 points to use every 3 years at 11 months out.

 

[Deb & Bill]

One thing that people forget about all the time is members are not supposed to receive any form of compensation for transfers according to the Public Offering Statment.

 

[Dean]

If you can't find what you want resale, do you have a friend who owns. If so, you might ask them to do an add on then sell it to you at their cost. Also keep an eye on ebay for add ons.

 

[salmoneous]

When buying resale, keep in mind that small contracts have a price premium of around $10/point, plus a closing cost premium of maybe $2-4/point. Sound like a good reason to buy lots of points!

 

[Parkhopper13]

When buying resale, keep in mind that small contracts have a price premium of around $10/point, plus a closing cost premium of maybe $2-4/point. Sound like a good reason to buy lots of points!

I agree, a lot of points is a good way to go, IMHO!! But, of course, I'm biased.

 

[CarolMN]

If you can't find what you want resale, do you have a friend who owns. If so, you might ask them to do an add on then sell it to you at their cost. Also keep an eye on ebay for add ons.

Those still has to go through ROFR process - and Disney seems to exercise more aggressively if the "less than 150 points contract" is being purchased by a non-member. So these suggestions could turn out to be a lot of hassle for nothing.

I suppose it is one way to get exactly what one wants in a small contract, assuming one is willing to pay a high enough price to get past ROFR

Best wishes -

 

[LisaS]

According to this thread: http://www.disboards.com/showthread.php?t=1259847 the OP is a member (as of 10/25/06, the day before he started this thread). So he can purchase add-ons directly from Disney.