Resale - no points until 2012? How can that be?

[DenLo]

I would say the above contract is not just stripped but pulverized! Surely something better will come along soon.

 

[Dean]

The neutral position on such a stripped resale closing on 1 Jan of this year would be the following. Seller pays the dues currently due if not paid already. Seller also pays the current price for the 2011 dues in the form of a credit which would be billed to the new owner. The seller also pays 1 month of the 2012 dues as a credit though realistically just getting the 2011 dues paid by the seller is about all you can ask for. Not worth worrying about the extra 1 month of dues. It gets a little more complicate for other timings and a later UY.

I'd also adjust the contract an extra $5 a point or so for each of the 2010 and 2011 points that are not available. One would have to offset that with the demand of a smaller single contract and the closing costs involved. Often it might be better just to buy a larger contract that is a better deal if one can afford to do so.

 

[lark]

I'd also adjust the contract an extra $5 a point or so for each of the 2010 and 2011 points that are not available.

Sounds about right -- maybe even a bit low depending on the rental market for the particular resort.

One place it might make sense as you allude to is, for example, a 25 or 50 point contract that gets you into the system and allows you do an add on direct through disney that would otherwise be under the new member limit even combined.

Two 50 point BLT contracts, for example, might make sense for a person in a way that makes it reasonable to buy a stripped contract for 50 points to get the second add on through disney.