We just bought DVC direct, OKW, our favorite resort, 2057 expiration

[dioxide45]

Would Disney have to break the contract up anyway? Or do they put all the fractions of the different units on a single deed? I suspect the points won't all come from a single unit they have in inventory as this is mostly from ROFR contracts they bring back in. So they probably have to take fragments from multiple units to sell them into a single 1000 point transaction.

 

[Fido Chuckwagon]

Would Disney have to break the contract up anyway? Or do they put all the fractions of the different units on a single deed? I suspect the points won't all come from a single unit they have in inventory as this is mostly from ROFR contracts they bring back in. So they probably have to take fragments from multiple units to sell them into a single 1000 point transaction.

I get the sense they have a lot of OKW inventory right now. Weren’t they doing a lot of ROFR before Covid because of the deed extension debacle? Also, any time I’ve purchased One Time Use Points for rental it’s always been OKW points they credit to my account. It’s possible they could have big chunks of certain units.

Edit: To answer your question though, no, I don’t think they can put fractions on a single deed. There was a disboards thread about this a while back, and I think posters figured out that the somewhat random nature of ROFR (back when they were still doing a lot of ROFR) had to do with them wanting to get points in chunks that were certain units. That’s why things would sometimes pass at lower prices than those they were ROFR’ing.

 

[DazedandConfused]

This is a GREAT deal and I highly advise no more than 250 per contract and even better at 200 points. It is much harder to sell 200+ contracts as the number of buyers are much lower. Its better to break them up now as it can't really be done in the future.

 

[rickandcindy23]

Would Disney have to break the contract up anyway? Or do they put all the fractions of the different units on a single deed? I suspect the points won't all come from a single unit they have in inventory as this is mostly from ROFR contracts they bring back in. So they probably have to take fragments from multiple units to sell them into a single 1000 point transaction.

RTU and UDI points can be combine or separated out. Disney is in charge for sure.

 

[Fido Chuckwagon]

This is a GREAT deal and I highly advise no more than 250 per contract and even better at 200 points. It is much harder to sell 200+ contracts as the number of buyers are much lower. Its better to break them up now as it can't really be done in the future.

Yeah, I actually was thinking 5 200 point contracts is better than 4 250 point contracts. I mean if your’e already spending 100k what’s another $399? I think it makes a difference. Anything over 200 points tends to sit.

 

[Fido Chuckwagon]

This is a GREAT deal and I highly advise no more than 250 per contract and even better at 200 points. It is much harder to sell 200+ contracts as the number of buyers are much lower. Its better to break them up now as it can't really be done in the future.

Also yeah, I agree, that is a phenomenal deal for unrestricted direct points. You can use them at all the new resorts as well now. 1 Bedroom units are not hard to get basically anywhere at any time with a little bit of stalking. I just grabbed a 1 bedroom Christmas Week at BLT through stalking using my SSR resale contract. We stayed in a 1 BR at BLT last Columbus Day week using the same strategy.

 

[rickandcindy23]

The Grand Villa for Riviera is gorgeous, such a beautiful unit, but some seasons, 7 nights is 1,000 points. That was shocking to me. $10.00 per $1,000 = $10,000 to stay there. The low season is even crazy high.

As a comparison, Wyndham's gorgeous 4 bedroom presidential is pretty close in size and beauty and worthy of every cent we paid right after Christmas to stay there. It's 448K points for a full week over the holidays. The difference between the DVC and the Wyndham is substantial in cost. Our fees average out to about $6.25 X 448 = $2,800. I would rather stay at Bonnet Creek.

Of course, with Disney you have the benefits of being on site, like Extra Magic Hours and transportation, but at what cost?

 

[Panina]

There is a deal happening on OKW, which I saw on Facebook. We went to a short presentation on Wednesday, talked to a salesperson that afternoon, and Rick was the person most motivated to buy of the two of us. Such a surprise.

The deal is $90 off of OKW per point + reimbursement of 2024 MF's at $20 per point. We would have to pay MF's, so it's basically another $10 off per point.

Congratulations, so happy for you.

 

[dioxide45]

RTU and UDI points can be combine or separated out. Disney is in charge for sure.

But in reality you aren't buying RTU or UDI points. You purchase a fraction of a unit at a resort and the points are allocated for administrative purposes only.

 

[elaine]

We also love OKW! Since paperwork isn't signed yet, as it's a big purchase, I might talk with my kids. To confirm they envision continuing to travel to WDW and stay at DVC for future years? We've debated adding on also...this offer is tempting!

 

[Huskerpaul]

I agree that 4x250 contracts would be the way to go. Easier to split up among your heirs when the time comes too.

 

[TheHolleys87]

But, I think we have to pay 2024 annual dues,

Buying direct means you’ll pay 2024 dues prorated from the date you sign the contract. So if you sign in June, you’ll pay 7/12 of the 2024 dues.

 

[TheHolleys87]

RTU and UDI points can be combine or separated out. Disney is in charge for sure.

But in reality you aren't buying RTU or UDI points. You purchase a fraction of a unit at a resort and the points are allocated for administrative purposes only.

Correct, buying at OKW means you’re buying a percentage of a specific “Residential Unit,” an actual physical group of villas. All the points in a given contract must by law come from the same RU. We own two contracts at BWV, each worth 150 points, but one contract is for just under 0.3% of one RU that consists of 7 dedicated studios and 1 dedicated 1BR. The other contract is for about 0.8% of an RU that consists of 1 dedicated studio and 1 dedicated 1BR.

Each contract can convey ownership of a percentage of only one RU. It will be much easier for DVC to sell you four 250 point contracts or five 200 point contracts than one 1,000 point contract because they can take them from four or five different RUs.

 

[noreenkate]

OKW is such an easy trade and the annual fees don't make it an attractive resort for sleep around points. Do you see this saving you money over just using a cheap trader to book in through II?

I know math isn't my strongest skill but as far as sleeping around within DVC properties I think at least for me OKW has made sense. Using my OKW points to secure Aulani, Grand Californian ect...those really aren't showing up in II. I have been using my OKW points the last 5 years or so to hit those resorts and trading to get in at WDW.

 

[rickandcindy23]

We also love OKW! Since paperwork isn't signed yet, as it's a big purchase, I might talk with my kids. To confirm they envision continuing to travel to WDW and stay at DVC for future years? We've debated adding on also...this offer is tempting!

It's supposedly over,two weeks ago, but if you didn't have it communicated to you via a DVC "counselor," you weren't "in the know" and therefore might be able to squeak in.

If they didn't do the deal, I would have been okay.

It's tough to get Villas at Grand California for any time of year. The earliest I can book is 7 months, and I am terrible about remembering to log in at exactly that time to book something. The bigger units are usually the ones available at 7 months, but if it's fall break or some other school holiday, it's very hard to find anything.

Aulani is much easier, especially the one bedrooms, and I know our kids would love to go, but they would want the full 2 bedroom villa, even with the three little kids. I don't get that, but hey, if that's what they need, and they pay the MF's for the stay, I will sure book it for them. Those are pretty easy to get at 7 months.

 

[noreenkate]

if we can get a good deal on a hotel by Disney, we will use points for that. If we go to Tokyo, same thing. I have looked at cruise benefits and didn't think that made much sense. Disney cruises are very expensive to start, and using points is like throwing money away, if you can rent them and pay for a cruise with Norwegian or another cruise line for much less.

We have started discussing Tokyo- please keep us updated.

No, just OKW, and I think it's to bring the expiration to 2057 for the entire resort at some point.

They are trying really hard lately to get those non- extended contracts back into play. It was bizarre the amount of deeds they began filing in 2019-4566-old-key-west-extension-deeds-filed - than the buy backs started kicking in big time. IMO its the easiest way for them to fix the extension debacle

pay to have it broken down into the 250's for ease of selling later

The lower the number of points traditionally=the higher the resale value...

t's tough to get Villas at Grand California for any time of year.

January seems to have been a sweet spot- I have been able to score villas the last 3 years in a row 2brd and 1 bedrooms but that has required being up at g-d awful hours with an atomic clock set. Who knows next few years with the VDH open we may see a slight reprieve. Although they are gorgeous that tower is studio heavy and just not for us but being that its new and shiny everyone is gonna head there for awhile freeing up... ( I hope 2bedrooms at VGC) Ask your guide for help with a WELOME HOME STAY IN CALIFORNIA ...THEY HAVE BEEN KNOW TO GRAB ROOMS not available in standard inventory -

 

[noreenkate]

@rickandcindy23 OH congrats and Welcome home

 

[rickandcindy23]

Good advice on the Welcome Home Stay.

I won't book the new Disneyland hotel rooms because they are over-pointed and have taxes to boot.

I don't see us going to Disneyland for a few years, unless our other daughter-in-law wants to go, and Marriott is good for her. I actually just booked Newport Coast for next year for her and our son via exchange, 6/1/2025, because they can drive there, and they have a lot of fun just staying at the resort. The kids love the pool and they like Legoland, too.

Our son can work from anywhere doing some of what he does. I don't really understand all of his duties, but he just loves the job at the airport as fire protection engineer and is learning, even after four months.

 

[frank808]

Ask your guide for help with a WELOME HOME STAY IN CALIFORNIA ...THEY HAVE BEEN KNOW TO GRAB ROOMS not available in standard inventory -

As far as I know, welcome stay has been able to grab rooms not in inventory at your home resort you just puchased using DVC owned inventory. I have not seen a report of buying at one resort and being able to get inventory at a different resort.
When I bought VGC many years ago, I told guide that I would only purchase if DVC got me a room within a 6 months, that was not in open DVC inventory. DVC guide was succsseful and made that happen. Have you been able to get DVC to book you a room at a different resort with a welcome home booking?

 

[DazedandConfused]

You could also do 10x 100 point contracts. Seriously, this is not a bad idea.

Also, the GV at VGF is stunning and my favorite villa in the DVC collection

 

[TheHolleys87]

As far as I know, welcome stay has been able to grab rooms not in inventory at your home resort you just puchased using DVC owned inventory. I have not seen a report of buying at one resort and being able to get inventory at a different resort.
When I bought VGC many years ago, I told guide that I would only purchase if DVC got me a room within a 6 months, that was not in open DVC inventory. DVC guide was succsseful and made that happen. Have you been able to get DVC to book you a room at a different resort with a welcome home booking?

What I've read more frequently was that they were able to get a villa that was not at their home resort (if they bought at a resort that wasn't in active sales at the time) because DVD had more undeclared and/or unsold inventory at the other resort. For example, someone who buys direct at BWV now and wants a studio for the fall is more likely to be booked into RIV, where DVD has control of more studios, instead of BWV which is already booked up for this fall. IOW the Welcome Home is for getting A villa at A resort, not necessarily at THE resort the buyer wanted. And it's only for brand new members who have never booked anything as a DVC owner before. Direct buyers who have already booked something themselves without any help, and resale owners who are adding on direct, are not eligible for the Welcome Home reservation.

 

[frank808]

To get a villa at a non sold out resort would be easier than getting one at VGC for sure. To get a welcome home booking at VGC for a buyer of SSR or OKW would be really hard at the smallest DVC resort.

I was able to get a Welcome home reservation as an existing owner. But that was during the great housing bubble in 2009 and no one was really buying DVC points at VGC. I have not bought direct since we bought VGF last almost a decade ago, so things will most likely change.

 

[Fido Chuckwagon]

I know math isn't my strongest skill but as far as sleeping around within DVC properties I think at least for me OKW has made sense. Using my OKW points to secure Aulani, Grand Californian ect...those really aren't showing up in II. I have been using my OKW points the last 5 years or so to hit those resorts and trading to get in at WDW.

If all you want is SAP then BLT points are probably the best due to their low maintenance fees, longer expiration date, and home resort priority for a decent resort. But that has a higher buy in cost. My choices for just SAP would go something like BLT then Copper Creek, then SSR, then OKW. That doesn’t mean OKW is a bad choice if you also want to have home resort priority for those grand villas.

 

[rickandcindy23]

It's a done deal. Credit cards were charged (4 different ones). We barely got this done. I think it will be tough to get this same deal for anyone else. DVC is out of OKW points for now, but they can always ROFR a bunch, as they have been doing lately, anyway.

We did 4 X 250, as all of you recommended. I mentioned to Rick that 5 X 200 might be better, but he was not inclined to break it down further, no reason, just didn't want to do that many contracts. We will never sell them ourselves, but the kids and grandkids may want to someday. I have always been in charge of the points, and I can see all of the kids just forgetting to use them because they are all so busy, but I could be wrong about that.

Maybe our daughter will see some dollar signs in her eyes. She is the youngest of the three but she is knowledgeable about timeshare, maybe on a level similar to me.

Son #2 has a wife that wants to try out Aulani, VGC, Riviera and Poly. They were talking about paying half and going in with us on this, but they backed out after talking it over. They are the ones with the big money, so I was a little surprised, but the kids don't need to join in financially, but they must pay the fees as they use the points.

Son #1 was surprised we were buying DVC direct, knowing my love of resale, but definitely seemed happy for us (and for him). He is always grateful for whatever we do for his family. One year, I think 2021, his family paid for Incredi-passes, and they were kind of disappointed to not get the DVC discounted ones (FL pass we cannot get in CO). I think we had just added him to our "blue card" resale DVC and he didn't realize and didn't insist on that pass. He will never have to worry about that again.

 

[noreenkate]

If all you want is SAP then BLT points are probably the best due to their low maintenance fees, longer expiration date, and home resort priority for a decent resort. But that has a higher buy in cost. My choices for just SAP would go something like BLT then Copper Creek, then SSR, then OKW. That doesn’t mean OKW is a bad choice if you also want to have home resort priority for those grand villas.

- not sure what SAP is- but I am personally pretty content with my decision for OKW as a home resort. When I was buying in the advice was buy where you want to stay, I think that still holds true Disney has changed the rules of the game multiple times over the years. As a family we prefer OKW over BLT, room sizes, points allocations and Olivia’s is why we prefer OKW over SSR-

Thats just us through and I am enjoying using the sightings board to trade back in while I can.