various question from a young couple

[skr8pn]

OK, history lesson:
First trip 12 years old, 2nd trip, 27 got engauged in the castle. Also the fiance's first trip. Third trip Jan got the ride EE with a DVC member (membership has it's privlidges)

I've been around time share (RCI and Fairfield) well, since I was 12 (first DW trip). We're getting married in August and looking at maybe a trip per year so why not the DVC. We hung out with our DVC buddy and quickly toured boardwalk. Loved it. We plan on a trip the first of Dec, plan on renting points to see what it's like to stay and really check things out.

Questions:
1. I thought you could only buy sold out resorts from resalers. But I just read a thread about contacting Disney directly.

2. So if I understand the right of refusal correctly Disney can actually turn down a transaction even though you're buying from somebody else? Uh, kinda dirty, but if that how it is then so be it.

3. We are looking to rent some points for Dec later in the year but have a lot of plans focused on the wedding, so if you don't see me here much, thats why.

 

[cobbler]

1. You can buy sold out resorts through Disney, you might pay a little more per point but you won't have the agony of going through ROFR (right of first refusal, where Disney can by the contract from under you) and you will be in their system immediately and such. You may have to waitlist but all that can be discussed with your guide.

2. Yes that is how it works. They don't turn it down, they just buy it back. Either way the seller is going to get paid, if its from you or Disney that is the question. It helps keep the resale market higher. What essentially happens is that you make an offer and then the seller has to let Disney know and either Disney says fine and you buy it or Disney will buy it instead for the price you were going to pay. I know someone can probably explain it a little better.

3. Congrats!!

 

[DVCLiz]

Just a note, if you are wanting to rent points in December I'd go ahead and try to do it now. While the first couple of weeks are traditionally a "slow" time at WDW, it's a very popular DVC time. And we're coming up on the 7 month mark when owners can make reservations at their non-home resorts, so the competition will be stiff. Better safe than sorry!!!

 

[DVCLiz]

2. So if I understand the right of refusal correctly Disney can actually turn down a transaction even though you're buying from somebody else? Uh, kinda dirty, but if that how it is then so be it.

No, from this owner's point, not dirty at all. I knew the rules going in, and they help keep my value high, so I'm actually quite pleased with the ROFR concept.

 

[skr8pn]

No, from this owner's point, not dirty at all. I knew the rules going in, and they help keep my value high, so I'm actually quite pleased with the ROFR concept.

Well, I'd have to agree with your from an owner point of view, but from a buyer you do all your research, get all the funds in order, convince everybody you know this is a smart thing to do just to have it bought out from under you. Which, until just now I didn't know Disney bought it back, which does further explain why they have points for "old" resorts.

Good point about the rental points to.

 

[Duckieluckey]

It may be too late to get Beach Club or Boardwalk the first week in December. You should go to the rent/trade board now!

 

[DVCLiz]

Well, I'd have to agree with your from an owner point of view, but from a buyer you do all your research, get all the funds in order, convince everybody you know this is a smart thing to do just to have it bought out from under you. Which, until just now I didn't know Disney bought it back, which does further explain why they have points for "old" resorts.

Good point about the rental points to.

True, but there's no incentive for Disney to make it easy for a buyer to find a bargain when they have customers lined up and willing to pay full price. The best advice is to read these boards and decide what's a "fair" price that you're willing to pay AND that falls into Disney's most recent behavior. People post all the time about what did and didn't pass ROFR. If you've made a fair offer, it's most likely to go through.

It's all a matter of doing your homework before you make your offer!!!