That’s great! Does your guide say specifically that after the first payment, your membership will show up as DVC-Y? I’m wondering how long this will take so that we can use the discount and lounge at Disneyland in July.
I also split my purchase into 2 75 point contracts, but opted to waive the title insurance since it's a direct purchase. My guide quoted an additional $300 for the second set of closing costs.
You don't have to pay the full closing cost. Some of the closing cost is based on purchase price (taxes, title insurance--which does have a min cost though), so splitting into two contracts makes those components no more expensive. There are some closing costs that are flat fees (document prep fees, etc) which you would essentially duplicate.
It makes me think there are only so many dollars to go around, and they are eager to move those 150 point contracts. That also makes me think, they are actively trying to recruit people who don’t have blue-card benefits. 150 is definitely the sweet spot on this round of incentives. To buy anything lower is almost silly, and the higher ones don’t offer as major incentives.
We have had this debate many times. At these prices, I feel I am more buying the ability to do a few things:
Yep, there are two sets of closing costs. I’m just thinking of down the line in case my non Disney family no longer wants to go. Maybe I’ll keep 75pts for myself for weekends in a studio or something. I just like to keep my options open more than only have 150pts together.
I was showing DVC-Y on my mobile card within a day or two after signing for our direct contract. This was even with split payments over 90 days. We had previously bought resale so were current members.
For #1 I'll be in my 70s by the time 2042 comes around so not sure how "active" I'll be and no kids interested in taking this on, but yes to being able to stay at future resorts between now and then which could be restricted. #4 is the big one for me. Just not sure if this is all worth it for potentially only 20 years. For now, I haven't found that I run out of points with the resale contract I have, it's really all just FOMO and "what if". The carrot dangle is crazy and since VGF has the best dues around, and such a small difference buying direct over resale, that "insurance" is tempting me even more!
Thanks! We are resale owners too. Hope this will happen to us!
I purchased direct last week and I had the points and DVC-Y as soon as I hit finish on Docu-sign. It was literally instantaneous. I know that’s not the norm but even if it’s not that fast, it should be pretty quick.
I can’t see how the wouldn’t put the Poly tower in the same association as the bungalows.I also added on 150 points today.
We're splitting it via 100 and 50 point contracts, to increase point options if we decide to sell just one later. I've been wanting more Grand Floridian points for quite a while, but was waiting on the Poly tower as I've wanted 1- and 2-bedrooms at Poly for even longer. However, I don't like resale restrictions at all, and I figured this may be our last chance to buy a direct, restriction-free contract at a reasonable price, at a resort where I really wanted more points anyway.
Now I'm crossing my fingers that Poly 2 is part of the existing association (for our current Poly points), but I'm not holding my breath.
New resort with restrictions is a bug reason.
Thank you for pointing that out about waiving title insurance on a direct purchase. I need to keep that in mind for next time.
Still can’t see it.
Does opting out of title insurance cause issues in future resale?
