Thinking of Renting Points....or selling...how do you do this?

[3kidz4dis]

We have come to the point where it is hard for us to take our trips before they expire due to the kids high school, sports, ect. We have loved our DVC and hope at least to be able to take a trip next November before our points expire at the end of November 2014, depending on what the high school schedule brings. (we will have 150 points that will expire and 150 that are banked.) So while we decide if we should sell our points or keep them and rent, I have a question about renting...when do you rent them? Before or after I bank them? Since we possibly going to try and travel next year, when do I try and rent our points? We really do not want to go to Disneyworld during summer or holidays...Anyone else feeling our pain?

 

[Dean]

We have come to the point where it is hard for us to take our trips before they expire due to the kids high school, sports, ect. We have loved our DVC and hope at least to be able to take a trip next November before our points expire at the end of November 2014, depending on what the high school schedule brings. (we will have 150 points that will expire and 150 that are banked.) So while we decide if we should sell our points or keep them and rent, I have a question about renting...when do you rent them? Before or after I bank them? Since we possibly going to try and travel next year, when do I try and rent our points? We really do not want to go to Disneyworld during summer or holidays...Anyone else feeling our pain?

While we are empty nesters with a grandchild in Kindergarten this year, thus we have some of each, it's been years since we've routinely used our points ourselves due to other options. We probably should sell are larger contract, and possibly part of our smaller one, and just retain a minimal amount for perks and to supplement.

To answer your question and assuming you still want to visits in the future, I'd suggest you rent for a few years. Generally the best and safest option is to rent current UY points early in your UY. That way if something happens, you'll have more options. We require 25% at 120 up front and the remainder at 120 days out all non refundable. For less than 120 days, it's all due up front. Mostly using current UY points means you'll have a lot more options if you make a reservation and they never pay. Stay away from the 30 day window.

 

[3kidz4dis]

While we are empty nesters with a grandchild in Kindergarten this year, thus we have some of each, it's been years since we've routinely used our points ourselves due to other options. We probably should sell are larger contract, and possibly part of our smaller one, and just retain a minimal amount for perks and to supplement.

To answer your question and assuming you still want to visits in the future, I'd suggest you rent for a few years. Generally the best and safest option is to rent current UY points early in your UY. That way if something happens, you'll have more options. We require 25% at 120 up front and the remainder at 120 days out all non refundable. For less than 120 days, it's all due up front. Mostly using current UY points means you'll have a lot more options if you make a reservation and they never pay. Stay away from the 30 day window.

Dean, thank for your help. Am I banking those points first? Do you use a particular rent board or company to rent for you ?

 

[Dean]

Dean, thank for your help. Am I banking those points first? Do you use a particular rent board or company to rent for you ?

I would not bank if you can help it other than to extend the flexibility and life of the points. Just plan so you're renting early in your UY. I use various options to rent, generally to those who have rented in the past. However, banking with planning is usually much better than borrowing.

 

[magicaldisney]

I had to rent out my points and I used David's. It was pain free and so easy. Give them a look.

Also, you might want to consider transferring the points you can't use to another member.

 

[ptlohmysoul]

We have come to the point where it is hard for us to take our trips before they expire due to the kids high school, sports, ect. We have loved our DVC and hope at least to be able to take a trip next November before our points expire at the end of November 2014, depending on what the high school schedule brings. (we will have 150 points that will expire and 150 that are banked.) So while we decide if we should sell our points or keep them and rent, I have a question about renting...when do you rent them? Before or after I bank them? Since we possibly going to try and travel next year, when do I try and rent our points? We really do not want to go to Disneyworld during summer or holidays...Anyone else feeling our pain?

I agree. Rent while you are deciding what to do. I easily rent 50 points that were in holding. It should be easier to rent a higher number of points. If you are unsure of the process, David's is an easy way to go, getting you a quick and easy $11/point. You should rent your points as soon as you know you want to rent them.

 

[ptlohmysoul]

Oops. Should have mentioned that if you do decide to sell, The Timeshare Store is a great place to use to help you sell for a good price .

 

[AbbeBelle]

While we are empty nesters with a grandchild in Kindergarten this year, thus we have some of each, it's been years since we've routinely used our points ourselves due to other options. We probably should sell are larger contract, and possibly part of our smaller one, and just retain a minimal amount for perks and to supplement.

Although we still have time to go before being empty nesters and or even having kids in high school, I've given some thought to this due to work constraints. For us the first big question is "Are we done doing Disney?". If your answer is yes, then selling is probably the best option. If no, there are other things you can do with your points that don't involve you going to Disney World during the summer and holidays, or even renting them. Although it's not as cost effective and you may have to pay some out-of-pocket, you can use your points to take a family ABD or DCL vacation. We took our first ever cruise to Alaska this past summer and it was AMAZING. And there's always VB or HH. Alternatively, you can trade for other locations through RCI. I have a mom friend who owns through another timeshare group and she banks and borrows so that every 3 years she spends a month in Hawaii. As important as it is to have family time, especially for teens, it's also important for you to have time away. What about solo/girls/guys/romantic getaways for a couple of years.

Dean, this is slightly off topic but I'm curious. Did you intentionally purchase multiple contracts with the intention of making it easier to scale back at some point in the future?

 

[luckyman_apd]

I just ran into someone at the Merry Mixer whose life has changed....and currently will not use the amount of points they have....and she seemed very sad that she was going to have to sell. I recommended David's rentals to her. I have never used them, but heard great things on the boards here, and if I'm ever in that boat, I won't hesitate to use them.

I figure it's a way to keep my membership until I decide I will never use it again, or start using it again if you are in that situation. This way you are not paying dues for something you are not using. I am thankful for members who don't/can't use their points as I just transfered in some points so my mother can go on another trip with us. I don't want to purchase more points, but there will be times where we'd like grandparents to come with us, and a points transfer is the perfect solution.

 

[Dean]

Although we still have time to go before being empty nesters and or even having kids in high school, I've given some thought to this due to work constraints. For us the first big question is "Are we done doing Disney?". If your answer is yes, then selling is probably the best option. If no, there are other things you can do with your points that don't involve you going to Disney World during the summer and holidays, or even renting them. Although it's not as cost effective and you may have to pay some out-of-pocket, you can use your points to take a family ABD or DCL vacation. We took our first ever cruise to Alaska this past summer and it was AMAZING. And there's always VB or HH. Alternatively, you can trade for other locations through RCI. I have a mom friend who owns through another timeshare group and she banks and borrows so that every 3 years she spends a month in Hawaii. As important as it is to have family time, especially for teens, it's also important for you to have time away. What about solo/girls/guys/romantic getaways for a couple of years.

For those that are essentially done, selling is likely the best option. It is often dramatically more expensive to use those other options, esp the cash type exchanges. For things like RCI and BVTC, it depends on the choices made. If one wants to trade 270 (or so) DVC points for something they could get for a few hundred dollars, that is their choice and MANY have actually made exactly that choice (MX and off season exchanges come to mind).

Dean, this is slightly off topic but I'm curious. Did you intentionally purchase multiple contracts with the intention of making it easier to scale back at some point in the future?

Not really. I've owned as many as 885 points and at a current low of 433. I sold OKW of 270, 232 and 50. I bought AKV 100 (4*25) with the intend of selling all but 25 at some point but I haven't gotten around to it yet and with the possibility of VGF (we can travel off season), I may not. What really happened for us was that we bought into DVC and then other timeshares and now have much broader, and for many things, better options than DVC.

 

[AbbeBelle]

For those that are essentially done, selling is likely the best option. It is often dramatically more expensive to use those other options, esp the cash type exchanges. For things like RCI and BVTC, it depends on the choices made. If one wants to trade 270 (or so) DVC points for something they could get for a few hundred dollars, that is their choice and MANY have actually made exactly that choice (MX and off season exchanges come to mind).

I totally agree with you that it's usually more cost effective to rent your points and then use that cash to make a reservation else. But some folks, my SIL for one, are reluctant renters. My SIL owns Wyndham and I've tried on several occasions to walk her through the rental process only to have her get cold feet and back out. She just feels more comfortable using her points for trades or airfare than renting them out.

Not really. I've owned as many as 885 points and at a current low of 433. I sold OKW of 270, 232 and 50. I bought AKV 100 (4*25) with the intend of selling all but 25 at some point but I haven't gotten around to it yet and with the possibility of VGF (we can travel off season), I may not. What really happened for us was that we bought into DVC and then other timeshares and now have much broader, and for many things, better options than DVC.

OK, so now I'm being nosy. Did you do the AKV purchase to have access at the 11 month window? Depending on when you bought into and sold OKW, wouldn't it have been cheaper to hold onto the 50 contract and bought another 50 at AKV. As for having other timeshares for non-Disney trips, that's the smart way to go. The big question is which one, or ones, to buy into. That debate, however, is one for another thread (or possibly another forum).

 

[luckyman_apd]

Dean, we bought into DVC because we love Disney and our kids love Disney, but in many posts of yours you have mentioned better timeshare places other than DVC. I'm not interested in owning any of them now, but I really have no knowledge of most timeshare systems. I like the idea of owning into some others when the kids are older and we travel to Disney less often.

I would love to know more about other timeshares if you could ever point me in the right direction sometime by PM or on here.

 

[Dean]

I totally agree with you that it's usually more cost effective to rent your points and then use that cash to make a reservation else. But some folks, my SIL for one, are reluctant renters. My SIL owns Wyndham and I've tried on several occasions to walk her through the rental process only to have her get cold feet and back out. She just feels more comfortable using her points for trades or airfare than renting them out.

Her choice of course, my goal is that people have the info so they can make informed decisions. As I've said many times, buying to use for those options is dramatically different than those who already own. Obviously the specifics should end up being the main determinant. A single night at a Disney hotel is different than a cruise for 4 as an example.

OK, so now I'm being nosy. Did you do the AKV purchase to have access at the 11 month window? Depending on when you bought into and sold OKW, wouldn't it have been cheaper to hold onto the 50 contract and bought another 50 at AKV. As for having other timeshares for non-Disney trips, that's the smart way to go. The big question is which one, or ones, to buy into. That debate, however, is one for another thread (or possibly another forum).

I bought AKV because I like it, it's our current favorite, and it was being sold at the time with a good incentive. Other timeshares are great for some, not for others, you just have to look at your situation and learn a lot about the options. As for the 50 pt OKW, we hadn't decided to down size so much plus it didn't match the UY we wanted at the time. Had we known we wouldn't end up selling the BWV, we likely would not have bought the AKV.

Dean, we bought into DVC because we love Disney and our kids love Disney, but in many posts of yours you have mentioned better timeshare places other than DVC. I'm not interested in owning any of them now, but I really have no knowledge of most timeshare systems. I like the idea of owning into some others when the kids are older and we travel to Disney less often.

I would love to know more about other timeshares if you could ever point me in the right direction sometime by PM or on here.

As I noted above, it's a great option for some, not for others. TUG is likely the best single source. I've given a fair amount of info in the past but I always try to tie it in to the DVC idea or as a comparison. If you'll search for my name with words like Bluegreen, Wyndham and Marriott, you should find some of those threads where several have contributed. There is an economy of scale using timeshares and for those that can't take advantage of that economy of scale, no timeshare or only one timeshare alone might be best. For Disney AND non Disney where both are an important aspect, DVC is rarely the best choice. DVC is the best choice for DVC stays alone assuming one meets other criteria to justify buying in. New buyers, and current ones looking to add on, shouldn't buy DVC points to use for non DVC options. For those who want mostly DVC and won't use something else enough to justify another timeshare, I feel they should simply buy enough DVC points to use for DVC and look at cash for other options. Whether they need a small cushion depends on variables and specifics, yes for some and no for others but rarely more than 10% unless they know they'll need more later. They still need to be smart on the cash options.

 

[bfosbenner]

Yes, Daves DVC rental does a great job.