Selling and Transferring points ?

[fatherAZ]

Not pulled the trigger yet on our DVC purchase. My latest scenario is buying 150 points through Disney direct for SSR, thinking about Oct use year because we would then get all 2004 points and pay the same price. I know in a previous post, someone said Disney charges 93/point instead of 90/point to get 2004 points, but my rep said it would still be 90. Trouble is, those are not bankable points and we are not going to travel before then.

Is is hard to transfer points to other DVC members? I do not want to rent them and make reservations for people but I would be willing to transfer them. Where would be a good place to "advertise" these points to other DVC members?

Do I have until the end of September or October of 2005 to use my 2004 points?

 

[vascubaguy]

Have you specifically asked if they would bank them? Maybe if you ask really nice they'll let you bank them... they can do it. If you can't get those banked, it might be more cost effective to check out the resale market. You can find 150 point SSR contracts that would be less than $90 per point after closing.

If they aren't banked, they would have to be used before Oct 1st 2005.

 

[vascubaguy]

Is is hard to transfer points to other DVC members? I do not want to rent them and make reservations for people but I would be willing to transfer them. Where would be a good place to "advertise" these points to other DVC members?

Check the DVC rent/trade board... and from what I've heard, it's pretty simple to transfer points. Just a matter of making a phone call to member services.

 

[fatherAZ]

Great (and fast!) responses as always. I did ask and they said if I bought Dec, I could bank half of them. Couldn't bank them if I bought Oct. Don't know if I beg whether they would do so?

I would rather buy direct (ease and have the points immediately) and the costs difference is about 1000 so having the extra points would help offset the cost between resale and direct. I have checked out the sell/rent points board and points usually go for 10-11/point. Of course, I may have to offer them cheaper since whoever would have such a limited time to use them.

 

[CarolMN]

Great (and fast!) responses as always. I did ask and they said if I bought Dec, I could bank half of them. Couldn't bank them if I bought Oct. Don't know if I beg whether they would do so? .......

I wouldn't count on it - Don't think Disney will be very accomodating since it's less than 60 days to the end of your use year. Availability is limited when you get that close to arrival and even Disney can't do much with the points if there are no unreserved rooms to work with. IMHO, you would be lucky to find someone who could use them at this point. If you take the December use year, bank what you could you'll have until the end of November (2 add'l months) to use the points or transfer them. And less than 50% t "get rid of".

You might see if you can make a last minute deposit into Interval International with those 04 points. There would be some restrictions on what you could get from II in return, but it is a way of using the points at a later date.

Best wishes -

 

[fatherAZ]

Carol MN, I think you are right about Disney not allowing me to bank, them. Can you tell me more about using them for II. Why wouldn't I need to travel before the end of Sept for 2004 points. Is there system different such that I can book with those points now for a trip next year?

Another general question is when points to are transferred to anothe DVC member, are they transferred as resort specific points? i.e. if I had BWV and sometime transferred me OKW points, could I use the OKW to reserve 7-11 months out?

 

[Happy Birthday Cat]

Can you tell me more about using them for II. Why wouldn't I need to travel before the end of Sept for 2004 points. Is there system different such that I can book with those points now for a trip next year?

You can extend the use of points by up to two years by depositing them with II. I did this with some banked points from a resale I purchased. I'm not sure you have enough time left to do this though.

Another general question is when points to are transferred to anothe DVC member, are they transferred as resort specific points? i.e. if I had BWV and sometime transferred me OKW points, could I use the OKW to reserve 7-11 months out?

They are supposed to be specific resort points but the current DVC computer system doesn't currently allow that to occur all of the time. So if you transfer OKW points into a person's BWV contract, they are likely to become BWV points, unless it is caught and flagged by the person doing the transferring. I wouldn't transfer with the intention of using the other points at the 11 month window since you really don't know what will happen with the points (although a good bet is that they won't retain their home resort identity as they are supposed to).

HBC

 

[CarolMN]

AFAIK, you can depost points into II (World Passport Collection) during the last 60 days of your use year - thus extending the life of those points by 2 years. You would have up to 2 years to choose an exchange. However, because you deposited into the system late (within the last 60 days of your use year), you can only choose an exchange 60 days or less ahead of arrival. Thus your options will be limited and it is unlikely you could get a "top of the line" resort during a popular season. However, IMHO, it is better than losing the points altogether or getting little or nothing for them by renting. If yo can travel on short notice and in the "off seasons", you could end up with a really nice vacation out of it.

The number of points you have to deposit is set - it depends on the unit size and the season you want. Your guide/ MS should be able to help you through the process if you decide to go this way.

Anyway, it's an option to consider. FWIW, I'd still go with the December use year if getting 2004 points is important to you.

Best wishes -

 

[JimMIA]

Check the DVC rent/trade board... and from what I've heard, it's pretty simple to transfer points. Just a matter of making a phone call to member services.

Be careful with this one. Sure, everything can be accomplished with one phone call.

However, understanding all the nuances of transferring is so complex (and you DO need to really understand them) that I'm not sure anyone truly understands all aspects of the issue. I've asked questions of some of the very most knowledgeable people on these boards and only got referred back to the Owners Manual!

You can read the fine print all day long, but a lot of it means different things to different people, so you have to be very careful transferring points. Also, you have to understand that different CMs will have different interpretations, and as someone has already said, Disney's capabilities for writing far exceed their capabilities to actually do what they say with their computers...so there's a LOT of slop in the system.

You need to be very careful with transferring. It will work fine, but you really need to go to school.

 

[fatherAZ]

Does anyone else share these concerns about transferring points or have personal experience doing so. I assume you just find a buyer, get paid, call disney to transfer points and that is all. In talking to the Disney rep, you can do so one time per year for free.

 

[Cruelladeville]

What Jim is saying to you is that CMs interpret the rules somewhat differently, and you don't have alot of time to keep calling to find someone who will give you the answer you need to get a transfer done. For example, there are many CMs who believe that you need to transfer 2004 points to someone else's 2004 use year, and other CMs will allow a transfer from your 2004 use year to another person's 2005 use year.

Personally, if you want to go thru Disney, I would just tell the guide that you can't see any reason for buying now because you are going to lose those points anyway, so you might as well wait until later next year. Perhaps this may give the guide an incentive to help you with those 2004 points, at least it will be if he wants to make a sale. I tried that once, and my guide did get the points banked so I bought that contract, but I have heard that there are some funny rules about SSR's points, so this may not help you. You have to decide for yourself if you want to take a chance that you will be able to use those pts, either by banking, transferring them to someone else, or putting them into II.

 

[Dean]

Does anyone else share these concerns about transferring points or have personal experience doing so. I assume you just find a buyer, get paid, call disney to transfer points and that is all. In talking to the Disney rep, you can do so one time per year for free.

Yes and no. I would second his thoughts that you should understand before you do it else you may gets points transferred that you can't even use for what you wanted them for and thus another might be upset. And it's true to a degree that you may get different answers and levels of knowledge from different people at DVC. However, once you understand the situation, having points transferred in can be the safest option in many situations. It partly depends on the terms of the transfer. The main risk is that one usually must pay prior to transferring but that's better for you.

IMO transferring out is easy if you get paid up front, it's getting the points in your account that is the risk.

 

[DVCPal]

I recently transferred points from my September use year to my October use year (both BWV) and I had to send a signed fax to confirm this. The CM said even an email wouldn't work because they needed my signature.

 

[disneyberry]

[SIZE=+0]DVCPal, that's a new one. I've never heard that you need a signature to confirm it. I'll have to investigate that to see if it's a new rule.

fatherAZ, you may want to review the link in my sig for more details about transferring points.[/SIZE]

 

[OnMedic]

We just purchased and I asked this question too... My guide said new points have a one time exception for baking. You can bank your 1st year points at 100% even if it is past the 6 or 9 month mark.

Hope this helps!

 

[fatherAZ]

We have decided to buy SSR direct from Disney but only if they let us bank 2004 points if we buy an Oct or Nov use year. This would help offset the cost between buying direct and resale. I would rather not go through the hassle of resale although I've heard great things about the timeshare store and definitely want the power to book a trip right away. We're planning a Jan or Feb trip. If Disney plays hardball on banking out points which I feel they will do, and transferring the points for use on short notice seems difficult, we may just buy a resale, probably SSR, OKW, or HH. Wish us luck!

 

[vascubaguy]

We have decided to buy SSR direct from Disney but only if they let us bank 2004 points if we buy an Oct or Nov use year. This would help offset the cost between buying direct and resale. I would rather not go through the hassle of resale although I've heard great things about the timeshare store and definitely want the power to book a trip right away. We're planning a Jan or Feb trip. If Disney plays hardball on banking out points which I feel they will do, and transferring the points for use on short notice seems difficult, we may just buy a resale, probably SSR, OKW, or HH. Wish us luck!

Good luck with getting one of the Oct-Dec UY contracts!!! I hope it works out and you can get all of those points. Let us know how it goes.

 

[fatherAZ]

No luck, my guide told me that Disney does not make exceptions on the banking rule, even with brand new points. I love the ease of buying through disney but just can't justify spending the extra $1000+ dollars on a contract of less than 200 points. Back to the drawing board. Are these guides on commission? They aren't pushy at all but don't seem to be willing to go the extra mile to get a deal done. I've read that other guides have made exceptions to the banking rule but I don't think it is possible for us to switch guides since we are already in the system. Any suggestions?

 

[OnMedic]

Yes, you do get the one time exception to bank your points 1st year. If you want to talk to another guide, I can give you the name of mine as he said it was not an issue. If you are unhappy with yours, switch and make your purchase. YOU are the customer!