Should I wait to sign my contract?

[bimmertt]

I just put down my deposit for a direct purchase at VGF. Do I need to hold off on signing the contract if I want to see what the new incentives are after 9/11? My guide, who has been an absolute pleasure to work with, has told me that if the incentives are better, he can just rewrite the contract and that I don’t need to do anything special on my end. He seems very experienced and has not batted an eye to any of my requests including letting me select an Oct use year and spreading out the payments over 90 days. I’m inclined to trust what he says but wanted to get other opinions as well.

 

[intamin]

You should wait to sign the contract until a few days before the 11th. You have 10 days from the date of signing to rescind the contract so the absolute earliest you want to sign is on the 2nd. Realistically you should wait until the 7th-8th so that way it gives you a few days to cancel if you decide to for better incentives.

 

[PolyRob]

Your guide and DVC absolutely can choose to rewrite, but once you signed and are past 10 days they technically do not have to. Since you are so close waiting an extra week or two should be fine and give you an extra safety net. Highly unlikely, but what if the sweet spot for incentives is on 100 points and DVC says it doesn't want to rewrite and drop 50 points off the contract? The 10 days is required by law. You will also pay less pro-rated dues since those are calculated from the date you sign.

 

[thelionqueen]

I just put down my deposit for a direct purchase at VGF. Do I need to hold off on signing the contract if I want to see what the new incentives are after 9/11? My guide, who has been an absolute pleasure to work with, has told me that if the incentives are better, he can just rewrite the contract and that I don’t need to do anything special on my end. He seems very experienced and has not batted an eye to any of my requests including letting me select an Oct use year and spreading out the payments over 90 days. I’m inclined to trust what he says but wanted to get other opinions as well.

I just did the same thing, congrats!
I’m not signing my docs until 9/10 and my guide knows this. I think we both picked a great time to buy and get the option at 2 different incentives.

 

[Sandisw]

I would wait so that the rewrite wod be within the 10 days.

Even if your guide is confident it’s not an issue, someone at a higher level could step in and forbid it and take the decision out of your guides hands.

Not that I think it would happen, but once beyond those 10 days, they are not legally required to do anything and you will be required to complete the purchase.