Odds of adding on at a sold out resort

[TNMomof3]

We just joined DVC by buying 230 points at the Boardwalk Villas. I just sent back the paperwork to Disney on Tuesday. Now we think we want to have another 40 points. I now fully believe in the add on bug. There are still points left at BWV in our use year. My guide could even just totally redo our contract to make it 270 points, since we need to sign new paperwork anyway. The problem is...we are paying cash for those first 230 points. We would not be able to pay cash for the add on, so I'm leaning towards not doing it.

My question is...if we get on the waiting list for a BWV add on once the resort is sold out, what are our odds of ever getting it? I know nobody can say with certainty, but what have your waitlist experiences been? Do they just continue to get inventory every once in a while due to ROFR? Will that change with the opening of SSR?

Thanks!

 

[whiles]

TNmomof3,

Although we have not had to navigate the wait list scenario ourselves, there are several other options to look at. As I understand it, the waitlist requests get filled only when disney has to foreclose on a member, or purchases back points for the resort. Both sound to me as uncommon events.


I think the resale market and placing yourself on the waitlist is probably the best way to go.

Although you will hardly find the 40 point add on in resale, you can find some good deals on 75 - 100 point add ons.

I have had great experiences in the past with DVCbyResale.com but many of the operations listed on this page are good too.

Good Luck,
Whiles

 

[DebbieB]

I would buy the 40 points separately rather than redoing the 230 point contract. That way in the future you would have the option to just sell the 40 point add-on. If it's one contract with 270, you could only sell the entire 270.

 

[floridafam]

I would keep your original paperwork as is.

Do the add-on seperately. I believe the minimum to finance is 50.

Couldn't you call and do an immediate add-on for 50 pts and have that paperwork sent to you?

Our BIL and SIL did an add-on to their original contract right after they sent back their paperwork. They hadn't closed yet or anything. It doesn't sound like having DVC do a "rewrite" would benefit you because you want to pay cash for the 230.

I would get the pts before they are gone if you REALLY want them.

Good luck and let us know what you do.

You can sell the master an add-on seperately if you need to later on.

 

[crisi]

I think your chances of getting the add on eventually are very good - its the eventually. Sometimes it takes a year or two or more - although it appears that Disney may have changed their process with the increase in ROFR to take into account the waitlist that they have - if this is true, it may be faster than in the past.

 

[InstImpres]

What if you do the add on now and pay cash. Change the large contract to financed with a large % down. (Essentially keeping total financing the value of only 40 points). There are no prepayment penalities, so even if you had to finance more than you wanted, you could just pay a large sum right after closing.

Good luck
Sandy

 

[Dean]

If you are certain you want 270 instead of 230, have them redo the contract. My first suggestion would be to do 150 with a 120 pt add on or else 200 + 70. You could fincance the smaller set (minus what you have alloted) for 1 year or 5, depending on your finances. While you could always find a resale, no guarantee you could at the home resort AND use year you have or that the cost will be reasonable.

The other options is to keep what you've got and add on 50 instead of 40. Good luck.