Selling your DVC points - pointers needed

[IStoleMyKidsPins]

Ok. We recently became members of the DVC at SS. My DW is a cast member & I figured when we go home later this year, we'll use her cast member discount for the hotel room & sell our DVC points to pay for a good portion of the trip.

I want to make sure I don't violate any rules or codes of ethics or anything, so I figured I'd come on here & ask the experts what the normal procedures are for selling your DVC points on the DisBoards. Once I post the "For Sale" message, get some email inquiries, & decide who to sell to, what next?

My plan is to find out what dates the person is looking for, calling Disney, & making the reservations. Then I'd ask that the person to send a cashier's check or money order for the full amount within, say, 15-30 days. That way, if they back out, I still have time to cancel the res without repercussion. Does this sound right?

Also, what would happen if, say, a month or so before the actual dates arrive, the buyer tells me they have to cancel their trip. Is it my obligation to refund their money? I would think not because 1} I'd be handcuffed with what to do with those points at that late a notice, and 2}the money they paid would already be spent since I'll be using it to pay for my vacation. Do you let the buyer know up front that there can be no refunds given due to these reasons? I don't want to come off as inconsiderate, but in that circumstance, I'd be left holding the bag if they did indeed have to cancel.

I appreciate any input, advice, cautions anyone has with regards to the whole process.

PS Don't worry. When we do sell our points, we've already told ourselves to use the money to pay for our hotel right away, and the rest of the money will be used to buy Disney Dollars so we don't get tempted to use it for other stuff around the house & use it up before our trip.

 

[CRobin]

It sounds like you're talking abount RENTING your points.

You'd have better luck with your questions over on the "Rent / Trade" board where there is a FAQ thread.

 

[4boys4me]

I think that you're pretty much right on, I've heard that you ask for a 10-30% deposit when you find a buyer, then full payment 30-45 days out. You're expected to make the reservation and send the buyer a copy of the confirmation.

I'm looking to rent appx. 120 points for a vacation in October 2004, but think the most I can pay is $7.00 per point. If you're interested let me know... I realize that's not top dollar but it's the max of what I can afford. Otherwise my family of 5 will squeeze into Port Orleans Riverside!!!!

If you're interested in my offer let me know here on the boards or at krilett@gfs.com. (Won't have access to that email until next Tuesday)

 

[Happy Birthday Cat]

I have rented points to pay for a cruise and to buy more points. It is a great way to expand what DVC can do for you, while still enjoying a Disney vacation.

Go to the rent trade board and read it carefully. Not only the FAQ's but as many of the posts as you can. Here is a link:

http://www.disboards.com/forumdisplay.php?s=&forumid=29

Don't let someone who is trying to rent points steal them from you. Most people get at least $10.00 per point, less if they are expiring soon. Also many get 100% payment up front but most get at least 50% at the time of the reservation, with the rest payable later. Get an agreement in writing too.

I not looking to rent points so I'm neutral. If you want to PM me with other questions feel free. I'd also be glad to share a copy of the rental agreement I have used.

HBC

 

[luvindisneyworld]

You can definetly get 10.00 a point.Unless they are expiring.I rent some points out occasionally but not often.I have rented to about 3 people in the past.I have some points rented out right now.Its not hard at all to find someone to rent them either.