Timing rescission period/new incentive round

[Takeitforgranite]

I’ve seen several posters talk about signing a contract so that the rescission period falls during a new incentive round announcement so you have some flexibility to change if the incentives improve.

Is it pretty easy to change your contract? How often are new incentives better than current?

 

[pzw90]

It’s easy to change it, just call your guide and ask to honor the new one. It’s that or cancel and start a new one, same outcome.
Rarely are they better, yet we still hold out hope.
You have nothing to lose (unless it’s crossing over a UY and you miss a year of points) doing this, only gain (potentially better pricing, less prorated dues)
This incentive cycle ends Dec 10, write up a contract about a week before and you should be good

 

[atthebeachclub]

It's very easy to change the contract as long as you are willing to redo all your signing. I changed mine at least three times before my stretched out close...and also caught an error that required signing again....my poor guide. lol.

 

[Takeitforgranite]

Did you stretch it out as a strategy, or were there other reasons?

 

[airjay75]

I have done this twice in the past year.

First time, just by chance, did my first DVC tour end of April, which happened to be just before the star of a new incentive period. Incentives weren't better, so just moved forward with the prior period incentives.

Second, time, did my "tour" just before the start of new incentives in July. Again, new incentives weren't better, so just locked in the prior period incentives. Then, in mid-August, well after my 10-day rescission period, "welcome home week" incentives were unexpectedly released which were better than what I had locked in (by about $1,100). While I was past my 10-day rescission period, I had not closed. I e-mailed my guide, and said I'd like the new incentives if possible, and it was done - just had to resign the paperwork. I don't think they're obligated to do this, but my understanding is that they generally do.

Incentives rarely get better form one period to the next, but it can happen, particularly at certain point levels. I think a more important factor is your UY and/or whether you're taking advantage of magical beginnings - for this current round of incentives, if your UY (or desired UY) was December, I think I'd much rather lock in current incentives and take advantage of magical beginnings tha nbe worried about which period will have the better incentives. Now, if your UY was something else, might do my "tour" leading up to the December 10th, and then decide after you see each period's incentives.

 

[atthebeachclub]

Did you stretch it out as a strategy, or were there other reasons?

I stretched it out as a strategy to allow me to change my mind on location/pt amount/how the contracts were set up, and also to buy some time for sales of my two other contracts. I fully utilized the changing of contracts! Went from a fixed week, to smaller contracts, to adding on even a few more points...

I started the process when I was pretty sure the incentives were as good as I'd seen recently, within a week of new incentives. The new incentives were worse so I stuck with the original incentives. My plan for about the past 10 months had been to eventually buy some direct points, so I prepped (got D23, picked up a Disney credit card so I could get some float between selling contracts and paying the 20% down payment) and waited for ok incentives prior to my use year.