ADD-ON-ITIS

heynowirv said:

So we did pass on the SSR contract and found a nice 80 point OKW (our other home),This one had 25 points that had to be used by 7/31,50 points for 2019 25 from 2018 and 25 from 2019 and all 80 for 2020.We agreed on a price and signed the contract and we mailed out our 10% last night. I receive an email this morning that he thought that the buyer would pay 2018 and 2019 MF's when it was very clear from the listing that the buyer pays the MF's for the 25 2019 points. He wants to renegotiate or terminate the contract. Boy this is a first for me.

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KAT4DISNEY said:

That's why there are written contracts - so everyone knows the terms that are being agreed to. I haven't had exactly that scenario although I have let a contract go in negotiations because they wanted me to reimburse for previous years dues. But I did have a small BCV contract I was buying years ago that when the paperwork showed up it had less banked points than what had been listed on the web page. Turns out there was a mistake with someone. So I let that one go. There was another one to purchase so I just switched.

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heynowirv said:

So the latest is he'll take 2.00 more PP for a total of 160.00. I feel like walking on principal but also torn since it's a very decent contract. My DW is leaving it up to me to decide.

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KAT4DISNEY said:

I don't know what the purchase price/pt is but I too would be considering cancelling just on principal of paying dues on banked points. I have done it once though when the contract was otherwise priced reasonable so overall it was within my total price, was a contract I had been looking for and it too had over a year to use the banked points. So essentially he is sticking to getting reimbursed for the 2018 points? Yes, it's tough but just have to look at the over all price on what is a bit of a stripped contract. Sometimes principal kicks in though. Good luck with the decision!

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mamaofsix said:

haha - yes, the boys are hopelessly outnumbered. One of the perks of being Canadian, however, is relatively cheap college tuition compared to the U.S.!! Phew! Perhaps we should put what we will save on tuition into a DVC purchase? lol...

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heynowirv said:

So we did pass on the SSR contract and found a nice 80 point OKW (our other home),This one had 25 points that had to be used by 7/31,50 points for 2019 25 from 2018 and 25 from 2019 and all 80 for 2020.We agreed on a price and signed the contract and we mailed out our 10% last night. I receive an email this morning that he thought that the buyer would pay 2018 and 2019 MF's when it was very clear from the listing that the buyer pays the MF's for the 25 2019 points. He wants to renegotiate or terminate the contract. Boy this is a first for me.

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The Jackal said:

I haven’t heard of anyone payin MF’s for banked points. Who knows if you can even use them. It is almost March. It will most likely take 3 months for these points to be in your account. That is basically late May/ June. I would advise the broker of this. Not much time to use those Banked August points.

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skippytx said:

I personally don't care for stripped contracts. Why tie up my funds in something I can't enjoy for a year or more? I don't care to do that. I can use that capital to do other things and buy points closer to when I need them instead. The purchase price of the points isn't a primary consideration as long as the contract is the right size and is what I'm looking for. I wouldn't think twice about paying 5 dollars more a point for the right contract than trying to save the 5 bucks a point and making a less desirable contract work.

The initial purchase price is such a small consideration in the overall costs associated with the use of the points that I really don't think people should focus on it as much as they do. Yes you might have saved 1,000 dollars on the initial purchase of the points, but you signed up for about 40K in dues payments over the next 34 years, and then there's the costs to use the points. Travel, Tickets, Food, Etc. I know with my family I'm at 4K out of pocket just to visit WDW between tickets and airfare. That's before feeding anyone, factoring in DVC point costs and dues, or anything else. Saving 1K over the remaining 34 years of an SSR contract just isn't that big of a deal in the big picture.

All that being said, if I thought SSR was going to go up in resale costs in the next 2 years and I didn't need the 2019 points, I might still do it.

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RaymOOOnd said:

I feel like these considerations, which are so easy to dwell on, are analogous to worrying about entry-points while investing in the stock market. It's easy to kick yourself for buying-in at a relative high, or for feeling spectacular for buying-in during a little dip, but once you step back and look at the entire trajectory the entry point becomes clear as much less important than we'd made it out to be. I doubt anyone foresees anything other than a relentless ongoing rise in DVC direct and resale prices for the original 14, such that we'll all look back in 5 years and say "Remember when we could buy SSR for $94PP?! I'd have bought as much as I could get my hands on!"

This of course presumes you actually need the points. I find myself guilty of wanting to buy more points for the sake of buying more points, and only then figuring out how to use them. I'm aware that this is a bit stupid. The right approach, I'm pretty sure, would be to decide on exactly how I'd be using them before buying (and then of course to decide whether the price is worth it for my anticipated usage).

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heynowirv said:

Actually We're saving $6600. from Direct Sales have more than enough points until the 2020 points add in. Our family is growing as our first grandchild was born last month with more to come. When Disney was phasing out No Expiration tickets we bought a few and still have 24-25 park days left on those. I'd guess we may not need park tickets for myself and DW for at least another 4-5 years.Southwest Airlines has always been good for us especially using their Premiere Visa card ,the points for free flights just add up!! Life Is Good and we don't sweat the small stuff.

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E2ME2 said:

Awesome Sauce - sounds like you’re living the DVC Dream.
How many Direct points do you own, and how many resale?? & which home resorts??

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