Trying to figure this out...

[Homemom]

I apologize and thank everyone in advance, but I'm trying to make sense of when you get your points and when you are able to use them. We are looking at a resale that is for 100 points. It says 100 pts for Dec 2011 and 100 points for Dec 2012. So, if we buy this, our points will be available when? Not until Dec 2011, so we couldn't use them for our Nov 2011 trip?

 

[mousefan1972]

Does the contract not have any 2010 points left? If not, then yes, you will get your first allotment of points on December 1st. If you want to travel in November, you can borrow those points to make the reservation. Be sure of your travel plans, though, because once borrowed those points can not be returned to your 2011 UY, and will expire on November 30th, 2011.

 

[XGrumpy1]

If you buy that contract, it will still be a month or two before you could book your trip. The contract has to go through Right of First Refusal (ROFR), the title search done, the contract processed and then DVC takes a while to get you in the system.

It will be very likely that by the time all of this is done, you will not have the days available at any DVC resort for you travel time.

Good luck!

 

[Sandisw]

To understand points and when they can be used, you base it on travel and what UY that happens.

So, if you buy a contract with a Dec UY and want to travel in Nov 2011, that will trip will be in your 2010 UY (Dec. 1st, 2010 - Nov. 30th, 2011).

Trips can always be paid for using banked points from the previous UY, the current UY of travel, and borrowed points from the UY after.

In your case, you could borrow the 2011 UY points to pay for the Nov trip. The drawback with this, however, is that points borrowed can not be returned and if you had to cancel, you would lose those points as they would epire Nov 30th, 2011.

If Nov is your travel is typical, I would not consider getting a Dec UY contract. No matter when you travel, you can book 11 months in advance so you don't need a Dec UY to book Nov travel (just in case you thought this).

Good luck!

 

[Homemom]

Thanks everyone, that helps. We typically travel in September. We are doing a cruise in November and thought if we had points by then we could use them for a one night pre-cruise hotel stay.

 

[Sandisw]

Thanks everyone, that helps. We typically travel in September. We are doing a cruise in November and thought if we had points by then we could use them for a one night pre-cruise hotel stay.

You may want to consider looking for a different UY (not Dec) if you will be traveling in September.

Having a UY that starts just prior to travel allows for the most flexibility in terms of what you can do with points if you have to cancel a trip more than 31 days out.

You can only bank points during the first 8 months of a UY--so, for Dec, that means by the end of July. If you had to cancel or even change a Sept trip beyond that date, your points would need to be used by Nov. 30th, not much time.

And, if you cancel 30 days or less, points go in to holding and then all points have to be used by the end of that UY and can only be used for reservations made 60 days or less.

Good luck!

 

[Homemom]

Thanks, I'm constantly finding out something new every time I turn around! The thing is we want to buy at Grand Californian since we tend to prefer DL to WDW and it's hard to find those, plus we only wanted 100 points and it's even harder to find that amount. It has all the points for 2011 and 2012, which is good and it's for December, (thanks for explaining about UY, etc). I am a bit confused that it says they can close 11/27/11. Why? Because the points aren't available until December? If we make an offer this week, shouldn't we go through closing relatively soon as in June or July, not November? Could it be because they have a trip planned before then with their 2010 points and have to wait until after said trip to close? Am I just confusing myself?

 

[dbs1228]

The contract is tied up until 11/27/11 due to a pending trip by sellers. Personally at this point I would not even bother with this contract since you cannot close until after 11/27 which means you will NOT get points in your account until sometime in Dec 2011 so you will not be able to use them until after that, in other words other contracts (maybe better) could become available in that time frame. I would call the different brokers and let them know what you are looking for so if something comes in they can call you right away before the contracts are listed. Good luck

 

[Homemom]

Thank you! Now bear with me for one more question, there is another contract from a different company that is still a Dec UY, 100 points for 2011, 2012, and 30 points from 2010. So those 30 would've been banked, right?. They have to be used before this Dec, right? Would that reservation have to be made within a certain time frame meaning if we purchase and close say by July, could I use them to make a reservation for one night in Nov (depending on availability of course)?

 

[chalee94]

Thank you! Now bear with me for one more question, there is another contract from a different company that is still a Dec UY, 100 points for 2011, 2012, and 30 points from 2010. So those 30 would've been banked, right?.

maybe - maybe not. we are still in the dec 2010 UY.

They have to be used before this Dec, right?

if not banked by the end of july, they will expire on nov 30 - yes.

Would that reservation have to be made within a certain time frame meaning if we purchase and close say by July, could I use them to make a reservation for one night in Nov (depending on availability of course)?

if you didn't bank them, yes you could use them in nov if there is availability.