Question for those who have purchased multiple resale contracts

[SarahInMN]

Hi all -

We own 150 points at BCV which we bought off the resale market several year ago. We are looking at adding on 150 BCV points. We have no interest in trading out, so the newest limitations on the resale contracts won't matter to us; similarly, we'll pay cash so financing needs won't affect our decision. But if consolidating/combining the two contracts is going to be a huge hassle, we may lean towards buying direct (which just kills me given the price differential).

My question is how is easy (or how complicated) is it to add on resale? I know to consolidate the contracts we'll need to get another Feb UY contract but beyond that is there paperwork in terms of consolidating the two contracts? And once we do that will it in essence function as one 300 point contract OR will we need to manage them (i.e. bank, borrow) separately?

Thanks!

 

[marie1981]

I have 3 150 points BWV contracts, same useyear for all 3 .

2 were bought before mars 2011, 1 after.

The 450 points are together in the same 'bank' , very easy to manage.

 

[disneynutz]

We have 26 contracts across 5 different resorts. Having multiple contracts with the same UY at the same resort isn't a problem at all.

Our ownership interest at each resort is large enough that we don't have to mix resort contracts at 7 months to make a reservation. The only problems that we have had is with transfers and for us the benefit isn't worth the headache so we make our plans accordingly.

Bill

 

[SusieBea]

Hi all -

My question is how is easy (or how complicated) is it to add on resale? I know to consolidate the contracts we'll need to get another Feb UY contract but beyond that is there paperwork in terms of consolidating the two contracts? And once we do that will it in essence function as one 300 point contract OR will we need to manage them (i.e. bank, borrow) separately?

Thanks!

It's very easy to add on resale. There's no paperwork to combine the contracts; that's done automatically by member services. You will have 2 contract numbers that will be something like: 65432 and 65432.1 As you know, as long as you stay in the same use year at the same resort, which you said you would, the 300 points will function as one pool of points.

 

[jekjones1558]

Just be careful that your resale agent has the name(s) on the new deed EXACTLY the same as the first contract. And be sure to mention that you want your second contract under the same membership number as the first contract.

 

[Pirate Granny]

We have OKW and BCV...both bought recently resale, but three months apart. They have the same use year. We have only one membership number and the points are showing on the same page & grouping...the KEY as the previous poster mentioned is have the exact names put on the contracts.

 

[SarahInMN]

Thanks everyone for the great info! And reassurance about the ease of 2 resale contracts!

Just be careful that your resale agent has the name(s) on the new deed EXACTLY the same as the first contract.

Really basic question...what is the best way to confirm how our names appeared on our last contract? Is it how our names appeared on our last closing documents? Or is it how our names appear on the dvc members website?

thanks again!

 

[disneynutz]

Thanks everyone for the great info! And reassurance about the ease of 2 resale contracts!



Really basic question...what is the best way to confirm how our names appeared on our last contract? Is it how our names appeared on our last closing documents? Or is it how our names appear on the dvc members website?

thanks again!

I would contact DVC Administration and check with them since they have the power to add it or not add it to your existing account.

We found out a couple of direct contracts ago that Disney listed title in their records differently than what was recorded on the deeds. This caused them to issue us a new member account that they said couldn't be corrected. We fought the battle and proved that it was their mistake and they eventually issued us new contracts.

Bill

 

[n2mm]

I would contact DVC Administration and check with them since they have the power to add it or not add it to your existing account.

We found out a couple of direct contracts ago that Disney listed title in their records differently than what was recorded on the deeds. This caused them to issue us a new member account that they said couldn't be corrected. We fought the battle and proved that it was their mistake and they eventually issued us new contracts.

Bill

Very good advice. I'm doing an add on resale right now and got the contract emailed last night. First off I noticed the names were not the same as my original 6 contracts, so I emailed back the exact wording from my deed/title of my last contract. We are wife/husband/daughter all as owners. Hopefully they can correct it today and get it back so I can get it signed before we leave on Friday for vacation (to WDW). This is my first resale, so this is a little new to me.