Spliting-up 168 pts. contract at BLT if non DVC member

[Melani]

If you have never purchased DVC either direct from Disney or through resale - would you be allowed to split a 168 pt contract into three 56 pt. contracts for your initial purchase?

 

[spiceycat]

directly thru DVC yes.

thru resalers no.

once a contract is sold it stays that way - until DVC rebuys it (if and when)

ask my guide to see about still during this after Jan 15 - when they switch to 100 minimum buy in for owners.

if not need to but before then too.

 

[CarolA]

I didn't think you "break" up the intial purchase into smaller contracts.

 

[luvindisneyworld]

Your first contract is suppose to be for 160 then you would be able to break up any add ons that you do.

 

[Dean]

If you have never purchased DVC either direct from Disney or through resale - would you be allowed to split a 168 pt contract into three 56 pt. contracts for your initial purchase?

For your initial purchase no. In some cases you can do it if you're buying jointly with a current member as essentially an add on even though it would end up being a separate contract. But you could buy resale even for 25 points and then do the same as an add on even though you wouldn't own a single 160 pt contract.

 

[SSRFred]

New members must buy and keep (together) the minimum block - 160pts currently. You can buy more than 160 and break it up but one block must at least be 160. If you have bought resale, you are not considered new when you subsequently buy direct from Disney.

 

[Dean]

New members must buy and keep the minimum block - 160pts currently. You can buy more than 160 and break it up but one block must at least be 160. If you have bought resale, you are not considered new when you subsequently buy direct from Disney.

Buy yes on your initial purchase if it's retail, keep no. You could buy 160, do a small add on, then sell the 160 keeping as few as 25 pts if you wanted. I almost did a version of that but decided on 100 (4*25) instead of just 25.

 

[Family-of-4]

Buy yes on your initial purchase if it's retail, keep no. You could buy 160, do a small add on, then sell the 160 keeping as few as 25 pts if you wanted. I almost did a version of that but decided on 100 (4*25) instead of just 25.

We just bought two 160 point AKL contracts on a cruise last week. After reading the boards (thank you everyone!) we've decided we want to start out low at BCV or BLT and only need about 75 to 100 points. We're planning on cancelling the two AKL contracts (we're within our 10 day window) and starting with a BCV resale, but we can't currently find a BCV with 75 points. Dean, is another option to cancel only one AKL, do an add-on thru Disney with BCV and then sell the second AKL via resale. If so, what would the BCV add-on rates be per point (and, incidentally, how do we find the Disney add-on rates per resort)? Wouldn't we lose some money on the resale - we paid $104 per point for AKL?

Thanks,
Jeff

 

[ldo]

in this economy, I would not assume that you can easily sell a 160 point AKV contract, and, yes, if you use a broker, you will pay 10% commission. You could not sell it for $104--why would anyone buy it? THey can buy from DVC and get more perks--so you would have to have a lower price. So, you are talking about losing several thousand dollars.
If you want a smaller contract, get on a waiting list--they do come around, and I bet even more when Jan dues come due. good luck. Elaine

 

[BrentR]

Wouldn't we lose some money on the resale - we paid $104 per point for AKL?

Thanks,
Jeff

You can follow the link at the top of the page "Timeshare Store" then navigate to their current contracts for sale to get an idea of what you could get for your AKL contracts. Keep in mind there are commissions and other closing costs that would come out of the "sales price". At this time you would probably stand to lose a significant amount. The better option would be to cancel and then contact a broker to be on the lookout for the right contract for you.

 

[Family-of-4]

in this economy, I would not assume that you can easily sell a 160 point AKV contract, and, yes, if you use a broker, you will pay 10% commission. You could not sell it for $104--why would anyone buy it? THey can buy from DVC and get more perks--so you would have to have a lower price. So, you are talking about losing several thousand dollars.
If you want a smaller contract, get on a waiting list--they do come around, and I bet even more when Jan dues come due. good luck. Elaine

Hi Elaine,
Thanks for the response. A few questions:

1) AKL is going up to $112 in January. Do you think we could get $104 (or something not too much lower) for it fully loaded (without banked points) at that time?

2) When you say the broker gets 10%, do you mean the resale companies (The Timeshare Store and others)?

3) If we sell both AKL contracts, we couldn't get on a waiting list with DVC for 75 to 100 BCV points - do you mean the resalers have waiting lists as well?

We're really not in any particular hurry and a 'stripped' contract might actually be a good deal for us - we're just trying to cover all our bases and make the best decision. Sorry for all the questions - still learning and only have a few more days to cancel.

Thanks again for all the help from the boards!
Jeff

 

[ldo]

I think most people buying 150+ points resale want a "deal." Also, DVC might be offering dollars off and extra points, so, no I don't think you could get anywhere near $104 for AKV, which is still in very actives sales. If 160 points at AKV does not meet your need right NOW (and in the foreseeable future), then why buy it when there are so many good options with resale?

Most brokers charge 10% commission to the seller.

Yes, brokers (TTS) can get you on a waiting list. Many resales never hit the listings, b/c those on waiting lists have bought them 1st. IF you get on a waiting list, you should have no problem getting 75-100 points at BCV, esp. if you can be flexible with your use year. I might take a few months--but since you said you are not in a hurry, it really doesn't matter. good luck. Elaine

 

[Family-of-4]

You can follow the link at the top of the page "Timeshare Store" then navigate to their current contracts for sale to get an idea of what you could get for your AKL contracts. Keep in mind there are commissions and other closing costs that would come out of the "sales price". At this time you would probably stand to lose a significant amount. The better option would be to cancel and then contact a broker to be on the lookout for the right contract for you.

Thanks, Brent. That seems to be the best plan of action.

 

[Family-of-4]

I think most people buying 150+ points resale want a "deal." Also, DVC might be offering dollars off and extra points, so, no I don't think you could get anywhere near $104 for AKV, which is still in very actives sales. If 160 points at AKV does not meet your need right NOW (and in the foreseeable future), then why buy it when there are so many good options with resale?

Most brokers charge 10% commission to the seller.

Yes, brokers (TTS) can get you on a waiting list. Many resales never hit the listings, b/c those on waiting lists have bought them 1st. IF you get on a waiting list, you should have no problem getting 75-100 points at BCV, esp. if you can be flexible with your use year. I might take a few months--but since you said you are not in a hurry, it really doesn't matter. good luck. Elaine

Thanks Elaine! We'll just wait for the right BCV resale contract to come through.

 

[SSRFred]

Buy yes on your initial purchase if it's retail, keep no. You could buy 160, do a small add on, then sell the 160 keeping as few as 25 pts if you wanted. I almost did a version of that but decided on 100 (4*25) instead of just 25.

Thanks for the correction. I didn't mean to convey that. Back to my Pinot Gris...

 

[Dean]

We just bought two 160 point AKL contracts on a cruise last week. After reading the boards (thank you everyone!) we've decided we want to start out low at BCV or BLT and only need about 75 to 100 points. We're planning on cancelling the two AKL contracts (we're within our 10 day window) and starting with a BCV resale, but we can't currently find a BCV with 75 points. Dean, is another option to cancel only one AKL, do an add-on thru Disney with BCV and then sell the second AKL via resale. If so, what would the BCV add-on rates be per point (and, incidentally, how do we find the Disney add-on rates per resort)? Wouldn't we lose some money on the resale - we paid $104 per point for AKL?

Thanks,
Jeff

You could also cancel and buy 100 AKV points directly from DVC. I would not purposefully buy then add on and sell the contract because you'll lose money on the points you sell. The contract you want will come along if you get on the wait list with a few of the brokers.

 

[Melani]

But that goes back to what Ido said. Who's going to buy 160 pts. resale at what you paid for them only 1 yr. ago when they can buy direct from Disney with incentives for the same price?

So there's no backdoor into DVC other than resale if you want to end up with a contract under 160 pts?

 

[Mickey'sApprentice]

Have you considered BWV?

We have 100 points there and really love having both standard and preferred points. IMHO, this option makes BWV ideal for a small contract. Of course you probably want to stick with the advice of Buy Where You Want to Stay, which for you is BCV!

 

[Dean]

But that goes back to what Ido said. Who's going to buy 160 pts. resale at what you paid for them only 1 yr. ago when they can buy direct from Disney with incentives for the same price?

So there's no backdoor into DVC other than resale if you want to end up with a contract under 160 pts?

Other than the 100 pt new buy in option currently available. It's certainly not viable to buy new with the idea of reselling soon or even doing that with resale for that matter. But maybe you have a family or friends where there are two potential buyers. One buys, adds on the transfers one contract to the other party.

 

[senecabeach]

I didn't think you "break" up the intial purchase into smaller contracts.

This is "news" to me too ???