Very new, need help

[Corgipounce]

I am sorry if this post is in the wrong area or this question has been touched over but I am new and don't know my way around yet. I thikn we are going to be becoming members in the next week or so. Being that we currently have no children I cannot see ever using all our points, I saw the trade and rent board and my question is this. It seems kinda complicated how easy is it to sell off extra points, It looks like people are always looking for points, like I said having no experience with something along these lines I don't know what to think any help would be appreciated. Thanks

 

[Dman67]

I am sorry if this post is in the wrong area or this question has been touched over but I am new and don't know my way around yet. I thikn we are going to be becoming members in the next week or so. Being that we currently have no children I cannot see ever using all our points, I saw the trade and rent board and my question is this. It seems kinda complicated how easy is it to sell off extra points, It looks like people are always looking for points, like I said having no experience with something along these lines I don't know what to think any help would be appreciated. Thanks

Hi there! What exactly is your question? I had a little trouble deciphering it from your post.

 

[Chuck S]

I think the OP want to know how difficult it is to rent out points that they may not use.

To the OP, rather than purchasing a contract larger than you need and planning on renting the points, why not look at resale contracts that have a smaller number of points?

 

[Corgipounce]

sorry I tend to ramble. How easy is it to sell unused points on this forum?

 

[dianeschlicht]

I wouldn't specifically buy more points than I wanted to use myself. It is such a hassle to rent, and a little bit of a risk as well. Instead of that, why not buy a smaller contract and use banking and borrowing to fill your own needs? Then if you want to add on at a future time, you can still do that when you find yourself always on the "short of points" end of things.

I have a hard time understanding "too many points" anyway. We have 449, and we are a near retirement couple with no grandchildren. Still could always use more points!

 

[Corgipounce]

With the 160 point min. buy in and being only a couple that like to travel in the slow seasons even if we go twice a year we could still have extra points, I don't want to lose them since they expire. I just didn't know how easy the whole process was

 

[Dman67]

With the 160 point min. buy in and being only a couple that like to travel in the slow seasons even if we go twice a year we could still have extra points, I don't want to lose them since they expire. I just didn't know how easy the whole process was

Once you learn the ways of DVC you find that you will be banking points and borrowing points year in and year out. Based on the Use Year that your 160 points are contracted too you will have a certain date in the next year that you have to decide what you are going to do with those 160 points. If you don't plan to use them all this year then you can bank a certain number of points for use next year or the year after that. That's one of the great things about DVC is the flexibility to carry-over points to next year or even borrow points from next year to use this year. It's an art as some here will tell you.

 

[chalee94]

heck, you could buy 80pts at OKW resale and pay for 2 stays a year in a studio (5 nights each, sun-thurs.)

there's no need to get hung up on the 160 pt limit if you don't need that many points.

<---owns 40 pts, pays less than $15 a month in maintenance fees.

 

[Corgipounce]

ok here is an additional question. is it better to buy 160 points and add on later or go with 200 points from the get go and get them before any price increases? I know I said I don't see us using up all the points but who know one day we might and points could be cost 150 instead of 100 don't want to be kicking myself in the future

 

[Tigger031266]

I think it is best to start with the minimum (160 or resale). Adding is the easy part. You will gain experience really fast. I am not an expert but I think it is normally easier to sell points than buy points from other people.

 

[mikesmom]

While renting out points isn't terribly difficult (although it can be a hassle), it can be challenging for someone with no experience. Please don't take what you see on the Rent/Trade board as an indication that there are plenty of people looking to rent and it will be a slam dunk for you. I just cruised over to the Rent/Trade Board and saw plenty of people trying to rent who probably won't be successful. I saw requests for:
- BCV or BWV in October
- VWL in Decmber
- DVC during Christmas/New Years
- a Grand Villa
- reservations in the next 60 days
- anywhere Easter week

An experienced owner would know that the chance of any of these categories being available are slim to none. If you were terribly motivated lots of phone calls, switching around and use of the waitlist MIGHT lead to success for one of these, but again, an experienced owner wouldn't want to tie up their points in a waitlist situation for something that might not even come through (and then you have to start all over again). Actually the only request over there I would consider easy was one for September, and even that one would require a lot of points.

I won't even start on the situations where people want to rent DVC because it will be cheaper than a Value or offsite (it won't), or expect you to be their travel agent for transportation, meal arrangements and refunds.

Long story short, don't buy points thinking it's "easy" to rent them - it isn't.

 

[Gren]

ok here is an additional question. is it better to buy 160 points and add on later or go with 200 points from the get go and get them before any price increases? I know I said I don't see us using up all the points but who know one day we might and points could be cost 150 instead of 100 don't want to be kicking myself in the future

If you do decide to buy 200 points upfront, I would suggest dividing them. Your master contract has to contain the minimum number of points (160), but you can divide the rest up. This will all be part of the same contract, and considered a single purchase, so the closing costs will be the same. However, you will have the benefit of being able to sell off part of your points (either 160 or 40) instead of the full 200, if you find out later that you don't really need all 200 (smaller contracts seem to sell more easily in resale).

As mentioned, if you decide to go with resale, you aren't restricted by the 160 point minimum, so you can piece together contracts of any size to meet your needs.

 

[lizziepooh]

You could stay in a l bedroom unit with the king size bed, whirlpool tub, washer and dryer and full kitchen. Then you wouldn't have to worry about 160 being too many points.