Tell me I'm doing the right thing!

[MarkyMouse]

I just entered into contract to buy 150 HH pts resale and now I'm freaking out. I wasn't really finished making the decision and the sellers surprised me by accepting the offer. YIKES!
Right now we share two memberships - 150 pts. at VB and 210 pts. at OKW -with another couple. We are going to separate those memberships - they will take the 210 OKW and we will take 150 VB and add the 150 HH. We LOVE HH and will go there every year (any time of year). We also LOVE OKW and plan to to there every year too (summer or fall). We have never been to VB and don't intend to (bought in 1996 because of free tickets) - but neither do our friends who live on an Island and have no love for beach vacations, so we agreed to take VB and let them have OKW - mainly because it gave us an excuse to buy at HH. But now I'm worried about not owning at OKW. So I have a couple of questions:
(1) I see that many of you own at a number of different resorts. Why do you do that?
(2) We really don't care about staying anywhere on property other than OKW and maybe WLV as we get older and kids go away. Do you think we'll have a problem getting OKW reservations without a OKW membership? We never go at peak times. I figure because OKW is so large, it would generally be available within the 7-months, right?
(3) Why is VB's resale value so much lower than the other resorts? Is it the dues or does no one really go there? In a perfect world, I'd sell 150 VB and buy 150 WLV - any thoughts on how much of a loss I'd take on that?
Thanks.

 

[spiceycat]

3)vb got hit hard by the hurricanes. plus of course the day will come when the entire maintence fee is yours... like they tried it a few years and really got alot of people to sell (including me).

I found I enjoyed something closer to me - PCB more than VB.... besides my PCB is a whole less on my budget.....

2) with SSR being bigger I don't know - but you should be able to get either OKW or SSR.

1) I like to go in early Dec. In early Dec it is best to own where youwant to go - so I have small contracts for both VWL and BWV in addition to my OKW.

 

[Dean]

Both HH and VB are less per point because they're just regular timeshares not at WDW. SSR & OKW are less than the other 3 due to location as well. You should have little problems for OKW at the 7 month window other than for GV units.

One thing to be cautious of is how these are going to fit together. If the HH points are the same use year and you close in short order, you will likely not be able to link this contract with the other you have or will have after you convert the ownership.

 

[MarkyMouse]

In the end, we will have 150 VB and 150 HH points with same use year (Aug). Do we need to "link" these? What does that accomplish? And if so, how do we do it? Thanks.

 

[Dean]

In the end, we will have 150 VB and 150 HH points with same use year (Aug). Do we need to "link" these? What does that accomplish? And if so, how do we do it? Thanks.

It is advantageous to have them under one master contract. If you buy and close on the HH points now, it is unlikely you can do so UNLESS you register them the same as your VB contract is currently. Otherwise they will act like contracts of two different owners with separate banking percentages and more difficulty in using points from each contract together, esp for banked and borrowed points.

I doubt you have enough time to get your VB changed over and set and still join your new closing with it. The main advantages are in convenience of use of points that come from both resorts and the cumulative banking window. If it were I, i'd get the current ones changed over ASAP and try to delay the HH closing long enough to allow the change to be completed and set well prior to the HH closing.

 

[*elaine*]

It is advantageous to have them under one master contract. If you buy and close on the HH points now, it is unlikely you can do so UNLESS you register them the same as your VB contract is currently. Otherwise they will act like contracts of two different owners with separate banking percentages and more difficulty in using points from each contract together, esp for banked and borrowed points.

I doubt you have enough time to get your VB changed over and set and still join your new closing with it. The main advantages are in convenience of use of points that come from both resorts and the cumulative banking window. If it were I, i'd get the current ones changed over ASAP and try to delay the HH closing long enough to allow the change to be completed and set well prior to the HH closing.

Dean,
Does this mean if the OP links the HH and VB points together that if he decides to bank 50% of the points by the April 30th deadline, he actually could bank all of the VB points and use all of the HH points (or vice versa), rather than being able to bank only 50% of each of them? If so, I could see the strong advantage of linking them.

 

[Dean]

Dean,
Does this mean if the OP links the HH and VB points together that if he decides to bank 50% of the points by the April 30th deadline, he actually could bank all of the VB points and use all of the HH points (or vice versa), rather than being able to bank only 50% of each of them? If so, I could see the strong advantage of linking them.

This is correct. If under one master contract, it's 50% of the total combined points, if they are separate, it's 50% of each individually.

 

[vascubaguy]

In a perfect world, I'd sell 150 VB and buy 150 WLV - any thoughts on how much of a loss I'd take on that?
Thanks.

One thing to consider if you think about the "loss" factor is difference in dues between VWL and VB. Plus the advantage of having the 11 month window for VWL since it is one of the smaller DVC's. Also, perhaps a better way of thinking about any potential "loss" is selling VB to buy HH... then the difference won't seem as bad.

 

[Tink-n-Belle]

Since you never been to VB you should try it at least once. It is really Great!! A nice relaxing vacation and its only 2 hours from Disney!!