Xx Points...what to do?

[Trooper8286]

We just cleared ROFR on a resale and will close whenever we close. Other than the wait and the anxiety of reading this forum while waiting, the process has been smooth.

Here is the problem:

We are buying a BLT contract, February use year, with xxx banked 2012 points. I knew going in that those points were on the block. I knew by the time we closed, availability was going to be challenging.

My options as I see it:

1) Wait for the closing and membership # and take chances on being able to book with those points in December or January.

2) Borrow some from 2014 (to make the point minimum) and try to rent them.

3) Offer the xxx to somebody on rent forum (once we get membership #).

4) Let them die on base.

I see real challenges with 1 & 3 due to availability due to when I will get access and the low point total.

I had 2013 points banked into 2014 as part of contract because of closing timeframe. Don't really want to borrow from 2014 because I am aiming for something big in 2014, although that may be what I have to do.

Have I missed and option and what is the consensus of what would be best?

The reason I am posting now, I have to put in for time off during December now and am trying to decide if even making it there in December is a realistic option.


J.

 

[Sandisw]

I think that no matter what, you will have difficulty with a December reservation. Points have no value so if there are no rooms for you to book, they won't be of use to anyone else and since they are banked, they can't be transferred.

You will have better luck with January rooms I think so you may be forced to use some of your 2014 to get a trip booked then.

Good luck!

 

[CarolMN]

I'd probably rent the banked 2012 points as soon as I had a membership log-in. As tempting as it might be to take a trip yourself before they expire, given your need to give notice for time off now, I think you are just setting yourself up for disappointment & frustration.

I'd check out Daddio (www.dvcrequest.com) and let him rent the points for me via his last minute "bargains" newsletter. You'll probably just get back $5 or $6 per point, but that's better than expired points. There are only scattered nights available here and there for December now and it won''t get better.

I'd plan a trip using the 2013 points for a time I can get vacation and for a time I really want to go.

Good luck!

P.S. You need to bank the 2013 points by September 30 or they, too will expire on 1/31/2014

 

[Trooper8286]

Yeah that is what I was afraid of.......I did call David and chatted with the nice person who answered the phone. We decided it was going to be a real challenge to rent given the deadlines and the amount of points....

We had the seller bank the 2013 points as a part of the contract for sale. I realized the folly of that potential mistake almost right off, being that we would close no sooner that the last two or three days of September.... Waaaaasy too close to banking window.

Thanks for the input......

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[Trooper8286]

After reading a few wait list threads, I may try to wait list at SSR or even AKV and borrow from 2014 to do it.

That poses a question I am certain has been answered somewhere,

If I have to borrow to make wait listed reservation and the wait list does not come through, those points ( borrowed 2014) are or are not lost?

I seem to remember reading that the points aren't "moved" till the reservation is made and thus aren't " borrowed" till it comes through...... Or am I hallucinating?

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[DannysMom]

If you wait list AND authorize MS to borrow points, those points will only be borrowed IF your wait list comes through. They won't be borrowed unless it is to actually make a reservation.

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[Sandisw]

After reading a few wait list threads, I may try to wait list at SSR or even AKV and borrow from 2014 to do it.

That poses a question I am certain has been answered somewhere,

If I have to borrow to make wait listed reservation and the wait list does not come through, those points ( borrowed 2014) are or are not lost?

I seem to remember reading that the points aren't "moved" till the reservation is made and thus aren't " borrowed" till it comes through...... Or am I hallucinating?

Sent from my iPhone using DISBoards

You are correct..borrowing only happens at the time a reservation is made so unless there is a room, you will only be authorizing borrowing with your wait list, not actually doing it.

Good luck!