Seriously considering buying...

[XYSRUS]

DH and I are seriously considering buying after our presentation and knowing a few people already who bought. an anyone point out some threads with helpful info? Any tips for first timers? We're interested in BLT.

 

[Sandisw]

Welcome. You will find a lot of information all over the boards about owning DVC.

One of the first things to decide is where you want to buy your points and it sounds like you have gotten that part already!! I am a BLT owner and very happy and excited about this resort.

The next important piece is deciding on your UY and how many points to buy. You want to try and get a UY that starts right before your typical travel since you can bank points in the first 8 months of the UY. If you had to cancel a trip with less than 31 days, your points would go back into your account with no restrictions--you could rebook or bank the points (if they are not borrowed points).

Here is a link: http://www.disboards.com/showthread....derstanding+UY

You can book reservations at your home resort 11 months in advance and then 7 months out, change to a different DVC if there is availability. That is why choosing a home resort is very important.

It sounds as if you already have a member referral which is good since you will be eligible for more incentives that way.

My guide just told me today that the incentives for BLT are going away on June 15th and it is rumored that nothing will replace them.

If you are a Disney Visa holder, you can put your deposit down and get 6 months, 0% interest on the charge. I ended up putting the entire cost of my BLT add on on my card and am getting the 6 months interest free on the whole balance. If you don't have one, it might be worth it!

There are some DVC perks (not a reason to buy but nice to have)...You can get $100 off an AP, free valet parking, and free internet!

Good luck and feel free to keep asking questions!

 

[DVC Mike]

See the Choosing Your Home Resort - What to Consider? thread.

 

[Crystal_27]

There are a lot of active threads here on the Ops Board about those interested in buying in at BLT, and each thread seems to address a specific question/concern, be it the number of points to buy, closing issues, resale, etc.

DH and I bought in March, 2009 at BLT and, while we had been debating DVC for many years, we didn't want to buy into a property that was not on the monorail. When BLT was announced, we had to make the decision on whether to buy resale (cheaper) and take our chances at booking BLT at the 7 month window or just pay the extra money and buy BLT through Disney. We finally opted to just buy BLT for the simple reason that we didn't want to battle other DVC owners at 7 months to book stays at BLT. That said, given the size of BLT, I'm sure that we would have been easily able to get something at BLT at the 7 month mark, just maybe not the view that we wanted (and since we're cheap with the points, we are going to want to typically stay in a standard view, and my understanding is that only 20% of BLT offers a standard view).

And, like Sandi said, pay particularly close attention to the rumor mill as to the BLT incentives (which are currently $8 off per point with no referral, or up to $16 off per point with a DVC member referral) and are rumored to be going away on June 15th.

You will get some really great advice on the Boards and please feel free to ask any further questions you have along the way. DVC is a big purchase and you want to make sure that you have all of your questions answered before going into it. We're pretty good at that here on The DIS!! Enjoy!!!

 

[rpk1951]

After you study the various discussion topics suggested above, do not hesitate to ask very specific questions. That was what we did and the people watching these are very helpful.

 

[johnsonville5]

After you read everthing you can just remember this - you are prepaying for vacation resorts - period. Don't count on getting a ton of money out of it years later if anything. On the other hand you will not find a better set of resorts to vacation in. We love it. But again, it is not an investment that will make you money.