Disboard Accountants, I have some late questions for both contracting a DVC purchase and using it. Both have undoubtedly been asked and answered here many times over, but I thought a direct inquiry would yield quick results, and hopefully help some other future near-term first-time buyers.
1) I have a seventeen year old son. I'd like him to be listed on the deed(s) with my wife and I. Does he need to be 18 to be listed? At some point, I intend on foisting this all on him, but we are 20 years away from that. I assumed transference would be cleaner and easier if he is on the deed from the start. If he does need to be 18, his birthday is in about 7 weeks (Christmas baby). Should I wait to start, or will the grind through the paperwork, ROFR, holiday, etc take enough time that I can start scouring the resale listings where I am interested?
2) Use Year. I've read enough about this that my eyes have become crossed. But I think I have it. Use Year marks the beginning of that year for points and the end of the previous one. So if I have a DEC Use Year, I get the points for UY2021 on 1 December 2021, and my unbanked points from UY2020 disappear. 1 December 2021 is also the day I can borrow (currently 50%, but presumably that will return to normal) from UY2022. So even though they are my 2021 points, because my UY is DEC, I can use them between 1 December 2021 and 1 December 2022. Please educate me if I misunderstand that.
3) I intend on buying two separate resorts, with the intent of primarily using them on separate visits. I plan on a 75 point BCV (which is hard as HELL to find), intended almost exclusively for wife and I (F&W or the Garden thing in the Spring) - looking for 3-4 nights a year. It goes away in 2042, but that is when we plan (hope) to retire, so losing the travel obligation and annual dues is a feature, not a bug. The other will probably be BLT, at 125 to 150 points, which we will probably use for any other trip that isn't the Fall. That's the one that'll head to the DS for his family. I understand this means two separate contracts, two efforts, two memberships. Any suggestions from the folks that juggle two or more resorts, especially those that bought in that way.
4) I am hoping for a Christmas trip next year. I assume that any contracts begun in late 2021 probably won't resolve until March/April of 2022, and even then points won't be available until May/June. Meaning I'll probably need to rent points to stay at a Monorail resort or Wilderness Lodge (which is the plan). I can live with that (unhappily), but that sounds like the normal timeline for resale contracts. Am I being too pessimistic?
Anyways, I'm sure I'll have more questions, but I finally feel pretty good about the # points and the "home" resorts. I understand the annual dues (and factored that into the decisions) and feel ready to move forward. As always, thanks for your advice!
1) I have a seventeen year old son. I'd like him to be listed on the deed(s) with my wife and I. Does he need to be 18 to be listed? At some point, I intend on foisting this all on him, but we are 20 years away from that. I assumed transference would be cleaner and easier if he is on the deed from the start. If he does need to be 18, his birthday is in about 7 weeks (Christmas baby). Should I wait to start, or will the grind through the paperwork, ROFR, holiday, etc take enough time that I can start scouring the resale listings where I am interested?
2) Use Year. I've read enough about this that my eyes have become crossed. But I think I have it. Use Year marks the beginning of that year for points and the end of the previous one. So if I have a DEC Use Year, I get the points for UY2021 on 1 December 2021, and my unbanked points from UY2020 disappear. 1 December 2021 is also the day I can borrow (currently 50%, but presumably that will return to normal) from UY2022. So even though they are my 2021 points, because my UY is DEC, I can use them between 1 December 2021 and 1 December 2022. Please educate me if I misunderstand that.
3) I intend on buying two separate resorts, with the intent of primarily using them on separate visits. I plan on a 75 point BCV (which is hard as HELL to find), intended almost exclusively for wife and I (F&W or the Garden thing in the Spring) - looking for 3-4 nights a year. It goes away in 2042, but that is when we plan (hope) to retire, so losing the travel obligation and annual dues is a feature, not a bug. The other will probably be BLT, at 125 to 150 points, which we will probably use for any other trip that isn't the Fall. That's the one that'll head to the DS for his family. I understand this means two separate contracts, two efforts, two memberships. Any suggestions from the folks that juggle two or more resorts, especially those that bought in that way.
4) I am hoping for a Christmas trip next year. I assume that any contracts begun in late 2021 probably won't resolve until March/April of 2022, and even then points won't be available until May/June. Meaning I'll probably need to rent points to stay at a Monorail resort or Wilderness Lodge (which is the plan). I can live with that (unhappily), but that sounds like the normal timeline for resale contracts. Am I being too pessimistic?
Anyways, I'm sure I'll have more questions, but I finally feel pretty good about the # points and the "home" resorts. I understand the annual dues (and factored that into the decisions) and feel ready to move forward. As always, thanks for your advice!
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