Really want to buy DVC, 50 points on resale?

[Misty89]

I really want to get into DVC.....looking at resale in TSS, at a 50 point BWV
our vacation habits are travel every 2-3 years, and stay about 4 nights. SO i would for sure bank points and use 100 points on each vacation. ( that totally fits our vacation habits)

am i correct that thinking 50 points would be my comfort zone as far as vacation habits? ( seems to be a good fit within my $$ budget)
I really am drawn to BWV, and would love to call it my "Home"

i need time to get a few debts paid off before i buy, - is there normally / occasionally a 50 point contract at TSS?
I am thinking about 6mths until i am ready.


thank you

Tina

 

[Sandisw]

I really want to get into DVC.....looking at resale in TSS, at a 50 point BWV
our vacation habits are travel every 2-3 years, and stay about 4 nights. am i correct that thinking 50 points would be my comfort zone as far as vacation habits? ( seems to be a good fit within my $$ budget)
I really am drawn to BWV, and would love to call it my "Home"

i need time to get a few debts paid of before i buy, - is there normally / occasionally a 50 point contract at TSS?
I am thinking about 6mths until i am ready.


thank you

Tina

Yes, contracts at the 50 point level do come up. I watched the boards for about 6 months before just purchasing a 50 pt VWL contract.

In addition to home resort and point levels, pay attention to the UY. You want to try to get a UY that is right before you typically vacation since you can bank points from one year to the next within the 1st 8 months of your UY. If you ever have to cancel a vacation, you want to still be in your UY so you can bank the points, if at all possible (of course, if you cancel in less than 30 days, there are different rules for the points).

I ended up with a UY that is not my first choice and didn't think it would be any big deal. But now that I am adding on points at a different resort, I am stuck with getting those with the same UY. So, it is something to consider when buying!

Good luck and have fun!!! BWV was my 2nd choice resort via resale.

 

[5forDiz]

I really want to get into DVC.....looking at resale in TSS, at a 50 point BWV
our vacation habits are travel every 2-3 years, and stay about 4 nights. am i correct that thinking 50 points would be my comfort zone as far as vacation habits? ( seems to be a good fit within my $$ budget)
I really am drawn to BWV, and would love to call it my "Home"

i need time to get a few debts paid of before i buy, - is there normally / occasionally a 50 point contract at TSS?
I am thinking about 6mths until i am ready.


thank you

Tina

YES you can find small resale contracts but they usually go fast and most never even make it onto the resale agency's "public listing" so to speak - so you should contact the resale agencies that you want to deal with and tell them what you are looking for and they will call you when the contract comes available for sale that fits your specifics before they even post it on their sites. And of course you can keep looking at the listings on their sites too in the interim.

Try to find a resale with banked points or at least the current Use Year's points still available to use because many resales are stripped of the current Use Year allotment of points and sometimes even the upcoming Use Year allotement of points may be gone as well - - a stripped contract is like paying for points that arent there in my opinion ( I would avoid a contract like this unless the price or some other arrangement worked out with the seller like they're going to pay closing costs gave me a good enough reason to consider it).
And keep in mind closing costs on a resale will run you approx. $6 per point give or take a dollar depending upon which resale agency you use. We've purchased resale through the Timeshare Store who sponsor this board and they are extremely knowledgeable and excellent ( Jason & colleagues ) and there are other re-salers who get good ratings from posters here as well.

You many bank one yrs allotment of points into next year giving you 100 points to use every 2 years. Or bank one years allotment into next year and borrow from the upcoming year to give you 150 points to use every 3 years. Use the point chart ( link is at upper right corner of this page under The Timeshare Store banner ) to see if this will cover dates you are interested in travelling and the size villa you want at BWV. It sounds like it could definitely work for you based upon your travel habits of 2 - 3 years between trips. You can always add-on additional points directly through Disney(25 pt min with cash or 50 pt min if you want Disney financing) if you find in future you need more points) or you can purchase additional contract(s) through resale market.

Again, this is just my humble opinion, but I think you are wise to purchase into DVC with the smaller purchase that you are speaking about if that best suits your situation. Your annual Maintenance Fees for BWV are approx. $5.04 per point I think so that will be an extra $250 plus on 50 points which will need to be paid each year and you may pay those annual MFs in one lump sum to Disney in January each year or have it divided by 12 months and deducted automatically from your checking account each year.

Best wishes

 

[njmeisje]

I echo the comments of the prior poster. Take your time looking for a good contract. One with current points if possible. Best to contact the re-salers and let them know what you are looking for. Those small contracts go fast. Know what you want, and be prepared to call right away when you see one you like.

In terms of UY, think about it like the other poster said. We have an August UY, and (right now) we tend to do spring or summer vacations (school schedules). So we often find ourselves borrowing from the next UY, so we don't get stuck with points we cannot bank. Once borrowed, the points can't go back and can't be banked again. So our UY is somewhat limiting for us, and we have to be a bit more careful with planning.

Best of luck with you!!

 

[Misty89]

thank you all
so i have one more question for now, the UY confuses me still..
our vacation times will be ( so no more missed school for DD's)

would be spring break ( 3rd or last week in march, normally - any 3 or 4 nts in that time frame)
or
Christmas week...( cannnot miss actual day at home) So like for example, the 27th - Jan 2 ( any 3 or 4 nths in that frame)
give or take.


what would you pick for a UY for travel dates like that to get the max from it?
you can choose one - we would not travel yearly, so we would not burn up points


Tina

 

[Sandisw]

thank you all
so i have one more question for now, the UY confuses me still..
our vacation times will be ( so no more missed school for DD's)

would be spring break ( 3rd or last week in march, normally - any 3 or 4 nts in that time frame)
or
Christmas week...( cannnot miss actual day at home) So like for example, the 27th - Jan 2 ( any 3 or 4 nths in that frame)
give or take.


what would you pick for a UY for travel dates like that to get the max from it?
you can choose one - we would not travel yearly, so we would not burn up points

Tina

The ideal UY for these dates would be December UY, although October UY would work as well. That would put both times you will most likely vacation within your 8 month bankingg window. The points from either one of the vacations you mention would be eligible for banking if you had to cancel (providing you did it at least 31 days in advance).

For a December UY, you have until July 31st to bank...for October UY, you have until May 31st to bank. Hope this helps!

 

[5forDiz]

I agree with Sandisw that December Use Year is good choice

31 days or more before check-in is the 'ideal' cancellation scenario because that will still give you the ability to bank those current Use Year points if you are still within your banking window (first 8 months of your UY). I just want to point out that if you have banked or borrowed points included in your reservation those points can't be banked or put back into the UY you borrowed from even if you do cancel a reservation 31 days or more in advance -- so you would have to always use the banked &/or borrowed points by the end of the UY since only the current Use Year allotment of points may be banked.

You would get your "current" allotment of points each December so that would work well for your December trip and even if you cancelled that December trip less than 31 days to check-in,which would then make the current points unbankable, it would still give you until November 30 to use those points for another trip or to rent them to someone.

ie DEC 2009 receive 50 points which you will use for trip beginning on Dec 27 2009 but on Nov 30 2009 you need to cancel that trip :

since cancellation is less than 31 days to check-in date you can't bank these 50 pts even though you have not reached your banking deadline of July 31 2010

BUT at least you can book another stay with these points that ends no later than NOV 30 2010 (this reservation can be made 60 days or less to the new check-in date you'd want ). If you substitute in March or April or early summer travel dates a December UY is still good for you to work with. And, again, if you had banked & borrowed points in a cancelled reservation you'd at least have time to use the banked &/or borrowed points for another trip that would end no later than NOV 30 2010

It's alot to digest but as others here have said it's worth doing your homework !

Hope we get to welcome you home real soon !!!

 

[Mickey'sApprentice]

DH and I bought a 100 pt. resale at BWV with a Feb. UY.

At the time, our perception from the DIS and Disney was that it was extremely unusual to go with less than 150 points.

With 100 points, we have been able to visit WDW far more often than we had ever dreamed.

I find the benefits of having a small contract far outweighs any negatives, especially when paying MFs. However, there are drawbacks to a small contract. They are:

1) Making exchanges outside DVC is almost impossible, and certainly not practical. [Not a problem for me.]

2) You have less wiggle room with reservations. You have to be very sure of yourself when banking and borrowing points. You also can't make double reservations if you think you would like 1 of 2 different vacation times or accommodations.

3) UY becomes extremely important.

We have found that we enjoy spending a few days in HH in November. Due to my Dad's illness, we had to put 28 points in holding, and ended up going in January in 20 degree weather.

Good Luck! I believe you will be very, very happy.

 

[girlsx2]

Thanks for all of the great info! I too am looking to buy a small contract sometime this year. I have rented points for my upcoming trip to see if I like it (I am sure I will). I also may do a DVC tour so I can see a 1br.

 

[ACDSNY]

Small contracts are a great way to start...just be stong or you'll find add-on-itis is a very serious disney disease.

We started with 100 SSR points.

 

[Misty89]

Thank you all I have a goal now, and look forward to becomingan owner.

 

[johde]

Starting out with a small resale is a great way to get started. In looking for resales, I would prioritize what I wanted. For example, most important might be BWV, then 50-60 points, then use year, then cost per point, etc. Chances are you will not find the perfect resale but you should be able to get pretty close. For example, I started out with a 60 points OKW resale with a September use year. For me, I was looking at either OKW or BWV, but I was looking for 40-50 points. When this 60 point contract came along, it wasn't perfect but it was close enough to what I wanted.

 

[Misty89]

thank you again all, i really wish i could jump on this right now.......i called the TSS and got the info on the contract i like at BWV it is Dec UY,
it is stripped of all 2009 points , which is not a big deal because we will not travel this year again ( just had a trip 2 weeks ago), in return, there are no MF this year. first payment would be Feb 2010.
i am going to tlak to DH tonight.
I know his answer LOL he would rather have a 50" big screen than 50 points at BWV

off to work i go,to earn $$ for DVC


Tina

 

[Sandisw]

thank you again all, i really wish i could jump on this right now.......i called the TSS and got the info on the contract i like at BWV it is Dec UY,
it is stripped of all 2009 points , which is not a big deal because we will not travel this year again ( just had a trip 2 weeks ago), in return, there are no MF this year. first payment would be Feb 2010.
i am going to tlak to DH tonight.
I know his answer LOL he would rather have a 50" big screen than 50 points at BWV

off to work i go,to earn $$ for DVC


Tina

Don't forget that all fees and price are negotiable as well. With a stripped contract, you may want to think about the seller helping with the closing costs. THe TSS people are great (used them for my resale) and they will be very helpful when it comes to making an offer so that it has a good chance of passing Disney's ROFR!

 

[brianm27]

We started with a 50 point contract. I was glad we did it that way. Both of our DVC purchases have been with cash which I couldn't have done buying in from Disney.

My add on was done direct through DVC and the points showed up within 10 hours of calling my guide. Couldn't have been easier.

We still only have a total of 120 points. We like to stay at some non DVC resorts and use annual passholder discounts.

Although I intended to sell my 50 points at VB and buy 60 or 70 at another resort on Disney property, I have not had a problem getting studio reservations in August. The maint. fees are high at VB but with only 50 points its ok for now.

 

[backyardponder]

Tina, before you get too excited about the BWV contract, make sure you review your first posting, in which you stated that you wanted to pay off some debts first. Until the economy starts picking up, it is unlikely that prices will go up for a while...in fact, they could be coming down more, depending on what Disney does with ROFR.

Good Luck!

John

 

[Flyin2MCO]

thank you again all, i really wish i could jump on this right now.......i called the TSS and got the info on the contract i like at BWV it is Dec UY,
it is stripped of all 2009 points , which is not a big deal because we will not travel this year again ( just had a trip 2 weeks ago), in return, there are no MF this year. first payment would be Feb 2010.
i am going to tlak to DH tonight.
I know his answer LOL he would rather have a 50" big screen than 50 points at BWV

off to work i go,to earn $$ for DVC


Tina

That's similar to our situation....we're going through the final steps of a BCV 50 point resale, with no 2009 pts and the first allotment coming in late 2010. No problem with this on our end, since we also do a trip about every two years and we had a great one this past summer as "civvies".

Only thing right now that is causing some angst is the point reallocation for 2010 (see other threads for details, and reactions). This really impacts those of us with small contracts and weekday preferences most severely...Not sure it will be a deal breaker for us, but it has made us think again before signing on the bottom line.

Good luck!!

 

[Misty89]

Tina, before you get too excited about the BWV contract, make sure you review your first posting, in which you stated that you wanted to pay off some debts first. Until the economy starts picking up, it is unlikely that prices will go up for a while...in fact, they could be coming down more, depending on what Disney does with ROFR.

Good Luck!

John

I agree, as matter of fact, i hope that will work in my favor
my DH and i have jobs that are very unlikey to be affected by the down turn ( knock on wood) and i can hope the i will find a great contract that will fit right into my budget and needs - once we are ready.
the longer the wait, the greater the reward right?
I made a count down, that is the goal i have to have all my debt paid down, July 2010 will be the last payment of my auto loan, we might be ready before than, but that is a time frame i would like to shoot for. ( earlier would be OK too )

thank you have a great day all!

Tina

 

[caspersmom83]

I am looking to buy 50-75 points at BWV as well. We usually travel the first week of December so what use year should I look for? Thanks

 

[Sandisw]

I am looking to buy 50-75 points at BWV as well. We usually travel the first week of December so what use year should I look for? Thanks

December UY would work great, but so would October, or September. You want your UY to be right before you typically travel as it gives you time to bank the points if you have to cancel a trip (providing you cancel at least 31 days prior--if it is less than that, there are different rules for the points)

You can bank your points in the first 8 months of your UY so for December travel, December works out well. If you think that you may sometimes push it into November, then you may want to choose October, since that still gives you until May 31st to bank points, but allows you a little wiggle room in traveling dates without having to borrow.