Questions from Newbies

[thesmittys]

OKay, you guys talk about borrowing points from a certain resort. Why does that matter? I thought you could use your points at any of the resorts?
-Is there anywhere I can get a copy of a contract to use when renting points out?
-Why do you want to buy into certain resorts rather than others? Why not buy into Hilton Head if it's cheaper?
-If I rent out my points to someone, do I make the reservation in their name?
-Is there anything else I need to know before going on?
-What does it mean to book daily? And why would you want to?

Help a buddy out!
Katie & Dan

 

[flechette]

I can only answer a few questions but here it goes-

Booking daily- you call in your reservation one day at a time rather than all at once. You do this because your calling in at what is expected to be a busy timeframe - ie Christmas- and you want to get these rooms really badly. Normally you would call in 11 months/7 months from your departure date because then all the days are already in the system for availability


Why not just buy at Hilton head?

2 reasons - 1) higher maintence fees 2) can only book 7 months in advance at WDW resorts. You can book 11 months in advance at your "home" resort


Points

Points are borrowed based on Use Year - so I think you may need to rephrase your question - I'm not sure how the resort figures in




I'm sure a vet will be by shortly to fill in the rest of the blanks!

 

[browniemtb]

OKay, you guys talk about borrowing points from a certain resort. Why does that matter? I thought you could use your points at any of the resorts?
-Is there anywhere I can get a copy of a contract to use when renting points out?
-Why do you want to buy into certain resorts rather than others? Why not buy into Hilton Head if it's cheaper?
-If I rent out my points to someone, do I make the reservation in their name?
-Is there anything else I need to know before going on?
-What does it mean to book daily? And why would you want to

1) Borrowing points from a certain resort?? Not sure what you mean here...and yes you can use your points at any resort...
2) There are a few owners here that would be glad to share some info with you. Other than that just make one up thats fair to you and the renter. The content should have payments deadlines, rules for cancellations and/or changes...
3) HH up front cost is less but in the long run it will cost you more. Maint fees are higher and after you take that into consideration for 36 years....The other resorts are less money. Also if you really like a certain resort having that extra 4 months before everyone else is nice.
4)If you rent out points the ressie will have your name because you are the owner but you will have to submit the renters names as well.
5) Booking daily was explained pretty well by the previous OP. Just means that you are taking advantage of the 11 or 7 month window as they come into play.
Brownie