Originally posted by Leigha
I think I've read that people can sell points 7 months out when it's not their home resort so I'm studying hard. I don't know whether to book the first points available or wait for a better deal. The points I've seen either go for $9 or $10 which isn't a lot of difference for a 4 night stay. Do they ever go lower? How do you know who to trust, besides references? Thanks for helping!
DVC members can reserve 11 months out at their home resort and 7 months out at any other DVC resort. However, bear in mind that availability is not guaranteed. In order to guarantee you can get a BCV studio for the time fram you're looking at, I'd suggest looking for a DVC member who has BCV as his "home", and start making plans immediately. As soon as the 7-month window opens up for your June stay, the rooms may get snatched up quickly. BCV is one of the more popular DVC resorts due to the fantastic pool and proximity to EPCOT
Once the rooms are all reserved, the only alternative is to waitlist, and I'm not sure how many renters would be willing to go that route.
Points will run in the $9-11 range, with $10 being the most common. DVC members have to use or bank their points within a pre-determined "use year", which is why you may see some owners discounting points in desperation.
References are about the only way to check out a DVC member. Ask for references and check them out if it will make you more comfortable.
Realistically you're looking at a $13,000+ investment to own DVC, so members are typically not the fly-by-night type. I've never heard of someone being cheated on a point rental, but that's not to say it hasn't happened at some point.
As others have said, each point renter will have his/her own terms. Most will want some down-payment up front (because the DVC owner is committing his points to the use year when the reservation is made), with the balance due at some point at least 30 days prior to the stay. After the reservation is made, the DVC member will be sent a one-page confirmation letter which should list the reservation as being in your name. Most of the time DVC member services will not discuss the reservation with anyone by the member, so you're back to the "faith and trust" issue. A couple of days before your stay you should be able to confirm the reservation with the resort itself.