PLEASE HELP--I Need Advice Right Away!

[buck0086]

I need help and I need help fast--my guide will be calling me back in an hour or so. I've gotten great feedback from everyone regarding this thread:
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A few days ago I posted a thread asking about being able to add points since I had not yet signed my contract. It seems that I can do that. But that discussion led me to another issue--breaking up into multiple contracts. We currently have 270 points at BLT and I was initially going to change that to 320 points with two 160 point contracts. I'm gathering that smaller contracts are more valuable and flexible to sell if necessary (although I hope to keep them for all 50 years). I've had people suggest doing a 160-100-60 or a 160-8-80. I'd like some more input as to what I shoudl consider and what breakdown would be best for my situation. Keep in mind that I'm a newbie and don't have knowledge or experience regarding what would happen years down the road with multiple contracts. Thanks for all your help!
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I spoke with my guide and I may be able to get a contract smaller than 160. I'm looking at 320 points (give or take a few). I need to let him know how I would like to break it down. So should I do 80-80-80-80 or 100-100-80-80 or something else? I'd like to be able to split between my two sons down the road but also have them smaller in case I need to sell. I'm also figuring that we may add additional contracts down the road. I'd really appreciate some more advice. Thanks again for all your help!

Buck

 

[gkrykewy]

I would suggest keeping it simple and going with 80-80-80-80.

 

[TSMIII]

I concur with gkrykewy - keep it simple.

You could also look at splitting it into even smaller contracts if they'll let you - maybe eight 40 pointers? - the smaller the contracts, the more flexibility you'll have if you need to sell off a few points.

 

[Crystal_27]

That is wonderful that your Guide is being so flexible with you! I think that it would be the easiest to break it up into 80 point contracts (although it sounds like either way you're going to need a spreadsheet to keep track of it all - LOL).

 

[buck0086]

Thanks for the input. If there are any other thoughts out there, please let me know. I'll be sure to update you on what happens.

And where do I get the spreadsheet for that?

Buck

 

[Dean]

I don't think you can do 80 * 4. You may be able to do 100 as one and the rest anyway you want it with the min of 25 pts per non financed and 50 per financed. Personally I would do either 100-100-70-50 or 160-100-60 (or 160-75-50-35) depending on what they allow you to do. Truthfully I'd consider two different resorts so you'd have more home resort options.

 

[buck0086]

About the home resort options, I think that would be tough because BLT requires so many points. If I had, say 160 points with BLT, then I could only make 160 points of reservations 11 months out, right?

What else would I have to consider for home resorts?

I don't even know what other home resort I would consider. Thanks.

Buck

 

[Dean]

About the home resort options, I think that would be tough because BLT requires so many points. If I had, say 160 points with BLT, then I could only make 160 points of reservations 11 months out, right?

What else would I have to consider for home resorts?

I don't even know what other home resort I would consider. Thanks.

Buck

Everyone is different in this regard. Of course you could bank and borrow turning 160 into 480 if needed. Some buy two and alternate EOY or similar. Ultimately it depends on how you'd use it and what's important to you.

 

[Cricket2]

Everyone is different in this regard. Of course you could bank and borrow turning 160 into 480 if needed. Some buy two and alternate EOY or similar. Ultimately it depends on how you'd use it and what's important to you.

I am set up to do this with 3 but I rarely make it through all 3 years without stealing points from somewhere first which goofs it all up. I need a fourth resort to use as a "take a penny leave a penny" tray.

 

[disneynutz]

About the home resort options, I think that would be tough because BLT requires so many points. If I had, say 160 points with BLT, then I could only make 160 points of reservations 11 months out, right?

What else would I have to consider for home resorts?

I don't even know what other home resort I would consider. Thanks.

Buck

Get the smallest contracts that you can. The extra value at resale comes when you have, lets say 80 point contracts for sale and all the other listings are for 160 points. You will get all the buyers that only want the smaller add on and because of demand, you can set a higher price.

 

[buck0086]

Thanks for all the information and perspective. After reading everything, talking it over with my DW and thinking about it, we decided to request 4-80 point contracts at BLT. I left a message for my guide a few hours ago stating that I would like 4-80 point contracts at BLT. He called me a little later and told me that at first the manager said no but he convinced him to approve it. However it truly happened doesn't concern me; we are getting 4-80 point contracts at BLT! That's good news for us!

Thanks again to everyone for your help with this! I truly appreciate it!

Buck

 

[Sandisw]

Thanks for all the information and perspective. After reading everything, talking it over with my DW and thinking about it, we decided to request 4-80 point contracts at BLT. I left a message for my guide a few hours ago stating that I would like 4-80 point contracts at BLT. He called me a little later and told me that at first the manager said no but he convinced him to approve it. However it truly happened doesn't concern me; we are getting 4-80 point contracts at BLT! That's good news for us!

Thanks again to everyone for your help with this! I truly appreciate it!

Buck

Congratulations!!! And, it goes to show, that sometimes asking for a guide to seek manager's approval can work in a buyer's favor.