question about transfering points and selling contract

[z28wiz]

Ok long story short our family has two seperate member #'s we are looking at selling our ssr and blt contracts on the one membership. About a month ago we transfered out our sept 2011 points to our other membership to book a vacation. If I sell the contracts, will they transfer back in those points or do I not have to worry about that? I dont want my trip canceled.

 

[Hunnypaw]

Ok long story short our family has two seperate member #'s we are looking at selling our ssr and blt contracts on the one membership. About a month ago we transfered out our sept 2011 points to our other membership to book a vacation. If I sell the contracts, will they transfer back in those points or do I not have to worry about that? I dont want my trip canceled.

Hi,

I do no think you have to or even can "transfer back" those points to that member ID - one transfer per UY... period.

Also Note: those contracts up for sale may not reap as much money as they would have with UY points still intact/available to the potential buyer. In essence, the buyer(s) are now buying a "stripped" contracts for those UY where the points are missing.

Regardless, have a wonderful vacation and I hope you get the price(s) you want for the contracts you are selling.

 

[csharpwv]

You may be better off waiting a year to sell those contracts. Contracts that are exhausted of usable points for the next year or so sell for less on the secondary market.

If you were looking to buy resale, would you want to buy a contract that you couldn't use for a full year or more?

Most buyers would say no, because there are dozens on contracts on the secondary market that are loaded with banked and current points - so your contract might sit for a long time, which would frustrate you, and make you consider lowering your asking price, or might encourage you to accept a low ball offer.

Let the contract ride for a year, pay the maintenance fees, wrap up your upcoming vacation, and THEN put the contract on the market - you won't regret it!

It would even be better to ask the buyer to reimburse you for maintenance fees when you sell next year, that way they get points, and the only thing you lost was time.

 

[erionm]

A points transfer is a final transaction and can't be reversed. The only thing that would be affected would be reservations that would not be completed before closing. Those would be cancelled.

 

[Sandisw]

Ok long story short our family has two seperate member #'s we are looking at selling our ssr and blt contracts on the one membership. About a month ago we transfered out our sept 2011 points to our other membership to book a vacation. If I sell the contracts, will they transfer back in those points or do I not have to worry about that? I dont want my trip canceled.

Since transfers are final, I don't see how your reservation would be in jeopardy since you are not selling the membership that is using the transferred points. I hope that this is not the case since anyone receiving a transfer of points would then have to worry about that original owner selling after it was done.

But, if you are concerned, you can always put the contracts up for sale with a delayed closing (after the trip). We just did that with our BLT contract. We are using points for our August 2011 trip so put in we couldn't close until we returned on 8/15. I had no problem getting a buyer.

I had the same situation when I sold a contract in 2009. Then, the closing was delayed about 4 months. For some buyers, it works out since it gives them extra time to save the money. And, if your contract is what fits there needs, then they might be willing to wait.

Good luck!

 

[z28wiz]

Thanks everyone. Reason were downsizing were moving to FL, closer to the MOUSE. I figured I would sell for lower per point anyways because of the stripped contract till 2012

 

[XGrumpy1]

Be careful about the points, I think if you use the 2012 points, you will still owe the maintenance fees for the points you have used at closing, even though it is not 2012 yet.

 

[5forDiz]

Ok long story short our family has two seperate member #'s we are looking at selling our ssr and blt contracts on the one membership. About a month ago we transfered out our sept 2011 points to our other membership to book a vacation. If I sell the contracts, will they transfer back in those points or do I not have to worry about that? I dont want my trip canceled.

The transferred points that came from the membership you are selling do not impact the status of that for sale membership any longer; there is no need to delay closing until you've completed the trip booked with your second membership that now includes those transferred points too.

A transfer is final, so the points you transferred over to your second membership is where they will stay until used even if you sell the membership where they originated from before the trip is taken.

Best wishes on your new home

 

[Deb & Bill]

Basically, you can't sell the contract that has the points that are used for your upcoming reservation. If you sell it, the reservation is cancelled. But the transferred points no longer belong to the original contract.