Reservation and Selling

[charvel67]

I need a little help. I am looking to make a reservation for October 2010 using some of our points on a small contract we own. We want to sell this contract before the reservation/check in date. Is this allowed?

 

[erionm]

If the sale of the contract closed before you took the trip, the reservation will be cancelled by DVC.

 

[Disneycouple99]

Yes. You can sell the contract with a reservation but you can not close until after the vacation or you will lose the reservation.

 

[Sandisw]

We did this last year. We had a reservation in August on our contract but wanted to sell it.

I called the TTS and asked when they thought I should put it up for sale (this was April). They said list it then, and simply list that it would be a delayed closing.

We got an offer within a day (50 points so it went fast) and the new buyer had no problem waiting until after our August trip to close. It went to Disney for ROFR immediately and we heard it passed in early May. The closing happened on our check out day.

I was told that there are buyers out there who don't mind delayed closing contracts as it gives them time to come up with the money to buy. It doesn't hurt to list it.

Now, if you want it sold prior to taking the trip, then those reservations would have to be cancelled as you would not be the owner of those points any longer.

 

[hellerjw]

We are in the same situation right now. We have a reservation and wanted to sell the contract the points were attached to but still take the trip we planned. As mentioned, we simply set the closing to be the day after we check out. We listed the contract and had a buyer within 3 days, we are waiting on ROFR now. The buyer was perfectly fine with waiting several months before closing.

 

[charvel67]

I am surprised people would wait that long to close, but this too is a samll contract (60 pts.) and I know they go fast. Our UY is April and we always go with the kids but we are making a reservation for October for just us adults as a delayed honeymoon. Thanks for the info.