Question about money transfer when renting points.

[dvcgirl]

Not sure if this is the correct place to post my question. Despite my name, we are no longer DVC owners. We sold our BWV points back in 2004 when we moved to Florida since we felt we wouldn't use them again.

Well, we're back in NJ and are planning a big family vacation in May of 2010 and would like to rent points. I have rented points *to* folks when I was an owner but have not rented points for myself.

I have read the sticky threads on how to go about this....to check references, use a contract and so on.

But I was wondering exactly when the money changes hands. Do most renters want the money up front. Do I get to see our names on a reservation first and then send the money?

I was just wondering if someone here who has been through the process recently could answer that question.

Thanks so much!

 

[mom of princessx2]

When I rented points my renter wanted 25% down to hold the points (it was about 5 months before our vacation could even be booked) then 25% more after reservation made and email recvd. Paid final 50% after hard copy was received in mail. So, 75% was paid after I saw my name on reservation.
I also paid thru PayPal.

 

[CarolAnnC]

Since this is a duplicate of a thread already on DVC Operations, I am going to close this one which has fewer replies. Thank you.