Just bought CCV - is it easy to rent points out?

[harbourxie]

How difficult/easy to rent your points out?

I just want to know if I can easily cash out my points when my family travel pattern changes or my kids don't want WDW anymore. Thanks a lot,

I know CCV is relatively new but BRV owners' experience could be a good indicator.

The more I read here, the more I worry about my purchase. Especially the content about the Wilderness Lodge was always on discounts and had low occupancy. Also when Poly was not sold out, not many people were interested in CCV.

Thanks in advance.

 

[wnielsen1]

Easy if you go through a broker, like David's.

The reason WL had low occupancy was because Disney charged too much per night. Now that they've cut regular hotel occupancy in half (by converting the other half to DVC), they can get away with their prices. The same thing happened at Poly. If the hotel was full all of the time, they wouldn't need to convert existing hotel rooms.

 

[disneynutz]

Never had a problem and now there are brokers that can list your points for you.

Bill

 

[thelionqueen]

How difficult/easy to rent your points out?

I just want to know if I can easily cash out my points when my family travel pattern changes or my kids don't want WDW anymore. Thanks a lot,

I know CCV is relatively new but BRV owners' experience could be a good indicator.

The more I read here, the more I worry about my purchase. Especially the content about the Wilderness Lodge was always on discounts and had low occupancy. Also when Poly was not sold out, not many people were interested in CCV.

Thanks in advance.

It sounds to me as if you're already questioning your purchase. There is a lot to consider with DVC, so maybe, if possible, rescind your contract and do some more research. Just a thought..

 

[harbourxie]

It sounds to me as if you're already questioning your purchase. There is a lot to consider with DVC, so maybe, if possible, rescind your contract and do some more research. Just a thought..

Thanks thelionqueen. I bought the fixed week #47 studio so I can go during most Thanksgivings in the next 50 years. According to my guide, the fixed week contract will be assigned at the dedicated studios. My research shows that the majority of the dedicated studios are on the first floor; there are only 2 or 3 on each of the other floors. I am not sure if my family will be comfortable about staying on the 1st floor for a week since we have never done that.

I bought my contract remotely so I did not do any tours on site. But since I do want to give my kids the deluxe WDW experience as soon as possible, I made the purchase. If the renting-out or even selling-out is relatively easy, I will feel more comfortable about my decision. Especially, by renting-out thru brokers like Davids, I can pretty much cover my annual costs of ownership.

I did think about rescinding my contract as I don't want my decision to ruin my family's finance. However, if renting out is a feasible plan B, it seems that I don't have much to lose by signing my contract. Thanks a lot,

 

[_auroraborealis_]

Your guide wasn't wholly right.

The 35% fixed week they are allowed to sell is against the numbers on the dedicated studios, but once it hits room assignment the booking can be assigned against ANY available studio that matches the bathroom type of the booking.

 

[disneynutz]

Your deed may be for a dedicated studio unit, the physical room but as posted you will be assigned a room by the resort room assigner like any other reservation. We purchased a fixed week at VGF and we have only used the week once. For us it's more of a backup in case availability becomes an issue, we normally check in on Tuesdays and the fixed week starts on Sunday.

Bill

 

[SL6827]

I am not sure if my family will be comfortable about staying on the 1st floor for a week since we have never done that.

What is wrong with the first floor? I kinda like not to have to deal with elevators myself. The only place I would most likely have an issue with the first floor is if I was in a lake view room at the Poly. From what I have read those rooms should not even be considered lake view.

 

[Chuck S]

So, you're brand new to DVC, welcome! Getting to your specifics, it should be relatively easy to rent out your week, however, under our rules here on the DISBoards, you would not be able to offer your week until 30 days prior to check-in date, as with any other pre-existing reservation. You may be able to list it earlier with a Broker, like David's. Selling a fixed week contract may not be as easy as selling a regular points contract, unless you find a buyer that specifically wants that week and room type. And what happens on the occasional year when Thanksgiving doesn't fall in the 47th week of the year? For instance, this year, Thanksgiving is November 22, next year it is November 28.

Part of what attracts most people to DVC is not being locked into a particular week or unit size.

 

[robinb]

So, you're brand new to DVC, welcome! Getting to your specifics, it should be relatively easy to rent out your week, however, under our rules here on the DISBoards, you would not be able to offer your week until 30 days prior to check-in date, as with any other pre-existing reservation. You may be able to list it earlier with a Broker, like David's. Selling a fixed week contract may not be as easy as selling a regular points contract, unless you find a buyer that specifically wants that week. And what happens on the occasional year when Thanksgiving doesn't fall in the 47th week of the year. For instance, this year, Thanksgiving is November 22, next year it is November 28.

Part of what attracts most people to DVC is not being locked into a particular week or unit size.

It's my understanding that the OP can waive his guarantee for his fixed week and book for someone else using his points (I think it's 116) so he is not restricted to renting out his specific week.

FWIW OP, I would not ever get a fixed week. I like the flexibility of the points system and I wouldn't pay extra to guarantee a specific week. I've never had a problem getting a studio at my home resort in the 11-month window even during the busiest times.

 

[Chuck S]

It's my understanding that the OP can waive his guarantee for his fixed week and book for someone else using his points (I think it's 116) so he is not restricted to renting out his specific week.

Yes, but then why pay the 10% premium to get a fixed week if you're looking at renting or for future flexibility? I agree, I would not purchase a fixed week.

 

[harbourxie]

Your guide wasn't wholly right.

The 35% fixed week they are allowed to sell is against the numbers on the dedicated studios, but once it hits room assignment the booking can be assigned against ANY available studio that matches the bathroom type of the booking.

It's my understanding that the OP can waive his guarantee for his fixed week and book for someone else using his points (I think it's 116) so he is not restricted to renting out his specific week.

FWIW OP, I would not ever get a fixed week. I like the flexibility of the points system and I wouldn't pay extra to guarantee a specific week. I've never had a problem getting a studio at my home resort in the 11-month window even during the busiest times.

As pointed out by others, the fixed week is actually flexible enough. I can always opt out to get my full points back and use them as normal points. To get a fixed week is just an extra feature just in case I will need it in the future. CCV could be as popular as BLT some day in the next 50 years. In addition, fixed week is not eligible for developer credit, but I am buying less than 150 points, it will not trigger any developer's credits anyway.

 

[harbourxie]

Yes, but then why pay the 10% premium to get a fixed week if you're looking at renting or for future flexibility? I agree, I would not purchase a fixed week.

You don't have to pay if you don't want to. For my contract, I only pay 2 more points (118 points ) for the thanksgiving weeks (regular 116 points). For all the other weeks without thanksgiving, the cost should be 107 and I will definitely opt out to get my full 118 points and use them as normal points.

Plus, if you look at the week #51, fixed week requires 161 pts, but certain years require 167 and the rest 158. For the 167 years, buying a fixed week is saving points. However, fixed week at 161 point will not trigger the $1000 developer credits for purchase between 150 and 175.

 

[thelionqueen]

If it makes any difference at all, CCV is absolutely stunning and I would love to (and hopefully will) own there someday! I wouldn't worry too much about renting out the points, at least for now. Right now, it seems like the supply outpaces the demand significantly. Welcome Home!

 

[harbourxie]

What is wrong with the first floor? I kinda like not to have to deal with elevators myself. The only place I would most likely have an issue with the first floor is if I was in a lake view room at the Poly. From what I have read those rooms should not even be considered lake view.

It is probably more likely to have bugs like ants for 1st floor and my wife won't like it. Plus, we have not stay on 1st floor for our past vacations so I am not sure about it.

 

[_auroraborealis_]

As pointed out by others, the fixed week is actually flexible enough. I can always opt out to get my full points back and use them as normal points. To get a fixed week is just an extra feature just in case I will need it in the future. CCV could be as popular as BLT some day in the next 50 years. In addition, fixed week is not eligible for developer credit, but I am buying less than 150 points, it will not trigger any developer's credits anyway.

My point is more that your fixed week booking is not necessarily going to be assigned a first floor unit. It's how it's deeded. Dedicated Studio isn't a booking category.

The more relevant question is what kind of bathroom setup does the default fixed week booking use?

 

[wnielsen1]

The more relevant question is what kind of bathroom setup does the default fixed week booking use?

I believe the fixed week studios use the walk in shower.

 

[a742246]

As others have said, don't worry about not being able to rent out. Rentals are going from 15-17 a point for CCV. CCV is a nice resort!

 

[rg35]

What is wrong with the first floor? I kinda like not to have to deal with elevators myself. The only place I would most likely have an issue with the first floor is if I was in a lake view room at the Poly. From what I have read those rooms should not even be considered lake view.

It all depends on the resort. Standard view rooms at Animal Kingdom Kidani that are near the lobby have windows that face out to the front of the resort where people are constantly coming or going. This means that you basically have to keep your curtains drawn the entire time for privacy. The curtains are blackout so then you get no natural light. On upper floors that's less of a concern because people can't see directly into your room. But mostly it comes down to preference. We have also had a first floor room at Old Key West and enjoyed that one because you don't have to go up and down the stairs to get to your room.

 

[Chuck S]

We have also had a first floor room at Old Key West and enjoyed that one because you don't have to go up and down the stairs to get to your room.

The downside to first floor studios at OKW, is that virtually all the Handicap units are on the first floor as there are only 3 buildings with elevators. So first floor greatly increases your chance of getting a Handicap modified unit, with less storage and a roll in shower instead of tub in the studios. One bedrooms aren't too bad, because even the HA unit have the jacuzzi tub.