Resale Question

[las3888]

We already have a few different contracts. My question is if I buy a resale contract for an existing UY that I own already, do those points get combined with my current points? So, in other words, say I own BWV March and I want to buy OKW March. Can I combine those BWV and OKW points together to make a ressie or do I have to book separately and link the resv. or even transfer points? I was pretty sure the points are combined if they are the same UY and the same resort (is this right?), but what about at different resorts? Thanks!

 

[A&M's Mommy]

We already have a few different contracts. My question is if I buy a resale contract for an existing UY that I own already, do those points get combined with my current points? So, in other words, say I own BWV March and I want to buy OKW March. Can I combine those BWV and OKW points together to make a ressie or do I have to book separately and link the resv. or even transfer points? I was pretty sure the points are combined if they are the same UY and the same resort (is this right?), but what about at different resorts? Thanks!

Yes you can do that, but only at the 7 month booking window.

 

[bobbiwoz]

Also, be sure that they are titled the same. We have 19 parts to our March UY contract. There is no problem combining points from different resorts at the 7 month mark.

Bobbi

 

[las3888]

Okay - that's a good answer for me! I understand we have to wait for 7 months, but it has been tedious booking ressies between 3 different contracts. We usually book a few nights with one contract then the rest with another and link them, but I am now ending up with 3 points here and 12 points there that have to be used by a certain amount of time or I will lose them.

Bobbi - when you say make sure they are titled the same, you mean with the same names as on our existing contract? Will the resale company be able to add them to the existing contract, or do I have to do something once we close to make that happen?

Thanks again...

 

[chalee94]

Bobbi - when you say make sure they are titled the same, you mean with the same names as on our existing contract?

yep - exactly the same. you should spell the name(s) the same and don't add anyone on the new deed who was not on the old deed.

Will the resale company be able to add them to the existing contract, or do I have to do something once we close to make that happen?

it's not up to the resale company.

DVC should handle it automatically but i'd contact DVC accounting (i think) after you pass ROFR to make sure they treat it as an add-on.

 

[Deb & Bill]

Whoever is on the contract to purchase the new resale, but be on the current contract to get the same contract number. If you are adding anyone, it will not be the same contract.

 

[KAT4DISNEY]

Okay - that's a good answer for me! I understand we have to wait for 7 months, but it has been tedious booking ressies between 3 different contracts. We usually book a few nights with one contract then the rest with another and link them, but I am now ending up with 3 points here and 12 points there that have to be used by a certain amount of time or I will lose them.

Bobbi - when you say make sure they are titled the same, you mean with the same names as on our existing contract? Will the resale company be able to add them to the existing contract, or do I have to do something once we close to make that happen?

Thanks again...

It sounds like you have 3 different UY's? Have you thought about transferring points from one into another? If you do that then they will pool together at 7 months. Or if they are from the same resort they would pool at 11 months. And often it is possible to do more than the typical one transfer per year if you are doing it within your own contracts so you might be able to combine all 3 UY's rather than just 2 of them. You also would still be able to bank any transferred points that you didn't use if necessary.

You can use a couple different strategies - transfer all of the points and then just reserve from the one UY or you can transfer just the number of points you need to complete a single night reservation and then link any other nights just like you have been doing.

 

[las3888]

I have held off on transferring - I have done it a few times, but from what I remember, the rules were very restrictive and at least a few years ago, they wouldn't lift any restrictions even if they knew the accounts were all mine. Maybe that has changed? I want to say you were only allowed one transfer per year per account, and I feel like unless I transferred them all, I would have used my transfer and wouldn't have it available to me if maybe later in the year in the event that I really really needed it.

It is an interesting concept though and something to consider. We are interested in buying one more resale, but we will be limiting ourselves to one of our existing use years in order to avoid all the point maneuvering that goes with each reservation that we make.

 

[bobbiwoz]

When I said "titled the same" I was referring to statements, "As tenants in common" "With rights of survivorship." Things like that as well as the order of the names. If you buy resale, you'll be given a sheet with the different sorts of designations you can have, just be sure to pick the one you have on the points you are trying to add to!

Bobbi

 

[Dean]

There is no guarantee resale purchases will be combined under a master contract but if titled EXACTLY the same, they normally are. When I've bought I've made DVC aware of the purchase including the details, made sure the info was on the contract and then followed up with DVC around the time they would have been receiving the final transfer paperwork.

 

[Deb & Bill]

It sounds like you have 3 different UY's? Have you thought about transferring points from one into another? If you do that then they will pool together at 7 months. Or if they are from the same resort they would pool at 11 months. And often it is possible to do more than the typical one transfer per year if you are doing it within your own contracts so you might be able to combine all 3 UY's rather than just 2 of them. You also would still be able to bank any transferred points that you didn't use if necessary.

You can use a couple different strategies - transfer all of the points and then just reserve from the one UY or you can transfer just the number of points you need to complete a single night reservation and then link any other nights just like you have been doing.

There is only one transfer in or out each UY. So you couldn't transfer all the points from other contracts into a single one. The best you could do is transfer points from one into another and from a third into a fourth. And so one depending on how many separate contracts you have.