multi contracts

fsubigdogs

Mouseketeer
Joined
Feb 16, 2004
Messages
85
Why would i want to purchase multiple contracts? Am i better off buying 150 pts at SSR and 50 pts at BWV or just 200 points at one resort. I understand about the 11 mo. 7 mo. windows. I really like the idea of staying at the boardwalk but also like the idea of SSR. Also please do not hate me for all these questions... You should see my wife and I trying to pick out a place to go out for dinner. Thanks
 
LOL... no one here would hate you for asking questions! It's much better to be well informed when making a large decision like purchasing DVC, than to jump in with both feet, and have lots of regrets later...

I would take a look at the points charts. Try to get an idea of where you would want to stay, and what time of year you would want to stay there. That might help you to figure out how many points you would need at each home resort. If you don't really care, it will probably matter less.

If you're looking at 50 points at BWVs, you will probably be better off buying SSR, and then going on the waitlist through DVC for the BCV points, because by the time you pay closing costs, chances are, you won't come out much cheaper on the resale market. Plus, you don't have to worry about stripped contracts through DVC (contracts that have all their current points used up, and sometimes, have borrowed into next year's points.

Good luck with whatever you decide. I remember how nervous we were before we bought our initial contract, and how happy we were with our decision after we closed!
 
We bought multiple contracts because we wanted 11 month advantage for BCV for a week in the Fall in a one bedroom. OKW is another favorite of ours and happened to be a really good value in terms of points and cost.
 
Here's another difference. If you own a 200 point contract, you can't break it up to sell. If you own 150 at one place and 50 as an add on you can sell the 150 or you can sell the 50 or both.

Bobbi:D :D
 

The ability to break up a contract becomes more important as the number of points involved goes up. For example, if you think your family wants to end up with 350 points at SSR and you have two children, you might consider buying two 175 point contracts for the same use year. Eventually each child could inherit one of the contracts without a lot of "who pays for what" negotiation during probate.
 
Personally, I'd so it the other way. Buy a BWV contract of 100-150 or so points then if you want SSR, do an add on there. That way you want have to search around for a small BWV contract that meets your needs and use year. Even if you just want the 50 BWV points, I'd buy that first. SSR will have points for years to come.
 
I think multiple contracts are appropriately considered for the following reasons:

One - to be able to have the 11 month reservation advantage at different locations. We have contracts at both onsite and offsite (e.g. HH, VB) locations. This enables us to easily make reservations during peak seasons at the various locations.

Two - to have flexibility IF there is a need to sell some points. Contracts in the 100 - 200 point range seem to move faster on the resale market. I've seen large contracts hang unsold for long periods of time. If your financial situation changes, you might want to sell part of your points, but not all. You can only do this in contracts, so a 250 point contract would have to be completely sold, but you could sell one of two 150 point contracts. Also, in the unlikely event that one of the resorts was pushed out of the DVC agreement, you would still likely have some points in a contract for a resort still in DVC. Again - flexibility.

Three - to have better ability to will or give contracts to children later in life. While I hope to still be able to use my DVC in 40 years, it may be that I won't be able to do so, and my two children would each be able to have one or more of the contracts.

IF you go with multiple contracts, I strongly recommend having the same use year for all. That greatly simplifies reservations, banking, borrowing, etc.
 
I would say that it depends upon how many points you are planning on buying. If you are only buying 150 pts, then I would buy one contract. If, on the other hand, you are buying 250 pts, then it would be fine to buy a 150 + 100 pt contracts. Every contract or add on requires just a bit more paperwork to keep it straight. I sold my BCV because it was just 105 pts, not enough to use in one year at the 11 month window, yet it was always in the way when I would try to book at BWV with a longer vacation. I always vacation during popular times, so I have to have the 11 month window. If you are planning to vacation in the fall, the 11 month window isn't as important as it is at Christmas or Easter.
 















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