Need help understanding when I can use points if contract goes through

gatorgirl72

Earning My Ears
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Jun 21, 2013
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Okay, we made an offer for 100pts at OKW with a UY of Sept, which the seller accepted & it is now going to Dis for ROFR. Currently there are 4 points from 2013, 100 from 2014, and 100 for each year after. We have a vacation scheduled for Sept 7th and thought we MIGHT be able to use our DVC points if the contract goes through. So here is my question....should I have the seller bank the 2014 points, and if I do, would I still be able to make a reservation using those points for the vacation in Sept 2015? Or would it be better for me to keep my current resort reservation & sell the points? Just not sure?!

Thanks for ANY help you can give. We are new & super excited to hopefully become part of the DVC family :cheer2:
 
If I follow you correctly...

Your September vacation is in your 2015 UY.
The contract you purchased has 100 2014 points? Those points either need to be banked by April 30th or used by August 31st, at which point they will expire.

If you are not going to the world before August 31st, then you have to bank those points, or you will lose them! It does not even matter if you end up using them for your September ressie or not.

Are you going to the world before August 31st? If not have the seller bank them now.

Then when(if) you get the contract you can decide. If you can rebook with the banked points I would, if not I would try to rent them out ASAP if you were not going to use those banked points prior to Aug. 31 2016 at which time they(the 2014 points that you banked into 2015) expire.
 
So here is my question....should I have the seller bank the 2014 points, and if I do, would I still be able to make a reservation using those points for the vacation in Sept 2015?

for a sept UY, you can bank pts through the end of april. you can have the seller bank the pts but you should close in plenty of time unless there is a big delay.

i would wait and see what my options were when the contract closed rather than rush anything. (but yes, the 2013 pts are probably goners.)
 
If you are not going to the world before August 31st, then you have to bank those points, or you will lose them! It does not even matter if you end up using them for your September ressie or not.

i'm guessing the OP could combine the 2013 UY stragglers with some 2014 UY pts to rent a reservation that occurred before aug 31 (at maybe SSR or something) to keep them from going to waste.
 

If I follow you correctly...

Your September vacation is in your 2015 UY.
The contract you purchased has 100 2014 points? Those points either need to be banked by April 30th or used by August 31st, at which point they will expire.

If you are not going to the world before August 31st, then you have to bank those points, or you will lose them! It does not even matter if you end up using them for your September ressie or not.

Are you going to the world before August 31st? If not have the seller bank them now.

Then when(if) you get the contract you can decide. If you can rebook with the banked points I would, if not I would try to rent them out ASAP if you were not going to use those banked points prior to Aug. 31 2016 at which time they(the 2014 points that you banked into 2015) expire.

We won't be going before the Sept 7th, 2015 vacation, so I have emailed the broker and asked her to have the seller bank them. Thanks for your input, it really helped....so much info to digest it's making my head spin...lol!!
 
i'm guessing the OP could combine the 2013 UY stragglers with some 2014 UY pts to rent a reservation that occurred before aug 31 (at maybe SSR or something) to keep them from going to waste.

Unfortunately, I think the 4 points are gonners as we really want to have max points available for the 9/7/15 vacation...hate it, but can't think what to do with such few points :confused3
 
i'm guessing the OP could combine the 2013 UY stragglers with some 2014 UY pts to rent a reservation that occurred before aug 31 (at maybe SSR or something) to keep them from going to waste.

True.

Guess is depends on factors unknown.

OP, if you want to rent out points, you could theoretically rent out points for a ressie prior to Aug 31. In which case you could get something for those 4 points. Granted not even 50$, but something.....

If you want all your points for next year for your own use (100 banked ones) then I would let the 4 points go... otherwise you will probably have to dip into the 100 you would bank to make a reservation for a renter this year to save the 4.

I "lost" 5 points this year. It happens. Certainly not going to get upset over the small amount.
 















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