New purchase..Guide said to wait!?

[SecretPoohLove]

I called to make my 160 point purchase for BLT..all ready to go...and the guide said wait until June 11th and call him then? I figure it is either:
1: He knows different incentives are coming out that may be better
or
2: He already made his May quota and wants it for June?

Any ideas? I am confused.

 

[gkrykewy]

First time for everything . The incentives aren't supposed to change until 6/15.

 

[logan115]

Here's my guess :

Current incentives are supposed to expire on June 15th. You have 10 days to sign the paperwork after you agree to the purchase. By waiting until June 10th, you're guaranteed no worse than the current incentives. If the next round of incentives are better than you just rip up the set of papers you have, and buy in with the new incentives.

If you know you're going to buy 160 @ BLT, this gives you a "free" option of picking between the current and potential future incentives.

Chris

 

[Coach P]

Interesting...

I just called our guide to purchase at BLT and she has said anything about waiting. She is suppose to call me back this afternoon so Ill see what she say.

 

[7thton]

Here's my guess :

Current incentives are supposed to expire on June 15th. You have 10 days to sign the paperwork after you agree to the purchase. By waiting until June 10th, you're guaranteed no worse than the current incentives. If the next round of incentives are better than you just rip up the set of papers you have, and buy in with the new incentives.

If you know you're going to buy 160 @ BLT, this gives you a "free" option of picking between the current and potential future incentives.

Chris

If this is true, it is very nice.

 

[Crystal_27]

If you believe the rumor mill, everyone is saying that the Guides are telling them on June 15th that (i) the incentives for BLT are going away and (ii) the price point is going to be increasing!! If I were you, I'd be very very careful because if the incentives go away, say, tomorrow, without a contract, you are going to be forced to pay the then-going rate. If I were you, I'd get your contract today, and just hold off on paying your down payment until after June 15th when you find out what the incentives are going to be. As long as your contract has not closed (usually takes 30 days), you can make any changes, including to the incentives. And, your contract certainly will not close without your down payment having been paid.

And, on the other hand, if you find out that your Guide is dissuading you in order to meet his quotas or to otherwise "pad" DVC's pockets, I would report him/her to the Florida Real Estate Board!! Remember, your Guide is an employee of DVC and in no way represents your interests (although he/she may be claiming to do so by giving you "insider" information).

Good luck!

 

[connorlevismom]

If you believe the rumor mill, everyone is saying that the Guides are telling them on June 15th that (i) the incentives for BLT are going away and (ii) the price point is going to be increasing!! If I were you, I'd be very very careful because if the incentives go away, say, tomorrow, without a contract, you are going to be forced to pay the then-going rate. If I were you, I'd get your contract today, and just hold off on paying your down payment until after June 15th when you find out what the incentives are going to be. As long as your contract has not closed (usually takes 30 days), you can make any changes, including to the incentives. And, your contract certainly will not close without your down payment having been paid.

And, on the other hand, if you find out that your Guide is dissuading you in order to meet his quotas or to otherwise "pad" DVC's pockets, I would report him/her to the Florida Real Estate Board!! Remember, your Guide is an employee of DVC and in no way represents your interests (although he/she may be claiming to do so by giving you "insider" information).

Good luck!

You can hold off on your down payment? I had no idea about that. DVC had taken our downpayment out of our credit card before we even had our paperwork in hand! Had I known we could have held off, I would not have to be trying to get it back at the moment. Good to know for next time!

Kristine

 

[Crystal_27]

You can hold off on your down payment? I had no idea about that. DVC had taken our downpayment out of our credit card before we even had our paperwork in hand! Had I known we could have held off, I would not have to be trying to get it back at the moment. Good to know for next time!

Kristine

Well, I should have said that you can hold off on paying *all* of your down payment. Typically, with new buys, they will ask for a $500 down payment upon signing the paperwork, and you will be required to come up with the remaining 10% within 60 days (or at least that's what my Guide was saying for purchases in April). Once you pay your remaining down payment, however, that will trigger your closing provided that DVC has its ducks in a row (and they usually do).

 

[SecretPoohLove]

before the 15th, then I just won't buy it at all.

 

[ssawka]

have 10 days to sign the paperwork after you agree to the purchase.

My guide told me that even though it says there is a deadline that sitting on the docs for a few weeks won't be a problem.

 

[ssawka]

Also, my understanding is that the incentives for BLT are going away because sales have been so good that it's canibalizing the other resorts. If there is truth to this, he may be thinking that the new incentives on the other resorts may be better and he may be trying to convince you to buy at a different resort. If BLT is important to you, I think I would seriously consider buying soon.

Is it true that you can change your incentives as long as you have not gone to closing?

 

[Crystal_27]

Is it true that you can change your incentives as long as you have not gone to closing?

Yes, it is been reported here a thousand times. You can change your incentive, number of points (up or down), UY, etc.

 

[quirty30]

I met with a guide this afternoon and she told me that BLT sales are going very well; she suggested that its pretty likely that the incentives will decrease after the 15th. I am looking at two 180 point contracts and the current incentives will save me a lot. But I too, think I will try to hold off on signing until a week or so before the 15th.

P.S. If anyone else is on the fence about BLT and hasn't set foot in a model, find a way to do so. I was awestruck. And I'm lucky enough to live 3 miles from Woodfield Mall where there is a Doorway to Dreams "store." If the models look that good inside a suburban Chicago mall, I can only imagine how nice the "real" ones are.

 

[JoQuo711]

In response to the original post, I just got a promotional e-mail from DVC advertising a program going on June 10, 11, and 13 where they will do a promotional webcast for DVC and have "incredible offers available only during this unique webcast." I think it's a pretty safe bet that this is what your guide was referring to. I've been on the fence for BLT for a long time now and I was about to topple over the edge before the June 15 deadline, but this is kind of making me second-guess myself now as to whether they'll possibly have even better incentives than those going on now.

 

[connorlevismom]

Well, I should have said that you can hold off on paying *all* of your down payment. Typically, with new buys, they will ask for a $500 down payment upon signing the paperwork, and you will be required to come up with the remaining 10% within 60 days (or at least that's what my Guide was saying for purchases in April). Once you pay your remaining down payment, however, that will trigger your closing provided that DVC has its ducks in a row (and they usually do).

Wow - this would have been our 3rd add-on and our guide has always told us that we needed to full deposit down to start the process.

Kristine

 

[gkrykewy]

In response to the original post, I just got a promotional e-mail from DVC advertising a program going on June 10, 11, and 13 where they will do a promotional webcast for DVC and have "incredible offers available only during this unique webcast." I think it's a pretty safe bet that this is what your guide was referring to. I've been on the fence for BLT for a long time now and I was about to topple over the edge before the June 15 deadline, but this is kind of making me second-guess myself now as to whether they'll possibly have even better incentives than those going on now.

That can't be right. DVC is completely unaware of the internet.

 

[JoQuo711]

That can't be right. DVC is completely unaware of the internet.

Based on some of the outdated info on the official DVC site I sometimes think that myself...

But yeah, 'tis true. I'd post a link, but my post count is still below 10. I can't be the only person on these boards who got the e-mail though so maybe someone else can post the link. Else I can go spam replies on various threads and come back here and post it

 

[disneynutz]

I called to make my 160 point purchase for BLT..all ready to go...and the guide said wait until June 11th and call him then? I figure it is either:
1: He knows different incentives are coming out that may be better
or
2: He already made his May quota and wants it for June?

Any ideas? I am confused.

Why don't you just ask you Guide why?

DVC Guides who work for DVD aren't in the business of screwing over their customers. Do they sometimes make mistakes, yes, are they sometimes the last to know, yes.

The Guides aren't the problem, the upper management who decides which sales incentive is effective when is the problem. They are known for extending promotions or changing them if it means additional sales. Remember they are in the business of selling and I have never seen them not go out of their way to make a sale.

The June 15th date is valid from all reports, could it be extended, maybe, but I wouldn't count on it.

 

[monkeyknuckler]

Our guide told us that there would be incentives announced for AKV mid June. Who knows. Likely it will be the best deal in the Universe, whatever it is, seeing that we're already done with our contract.

 

[The Red Head]

Wow - this would have been our 3rd add-on and our guide has always told us that we needed to full deposit down to start the process.

Kristine

That was not the case with the add on we just did. We went to the big event they did in CA. They made us put a small amount down to lock in the incentives they were offering that weekend only. I told our guide I was waiting for a bonus check to come in from work and they said we could have like 30 days to give them the rest of our down payment.