DVC RESALES
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Old 02-15-2013, 03:34 PM   #1
moreisgood
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Changing resort reservations - point penalty?

I'm new to DVC (considering buying resale.) I see the advice to make a reservation at your home resort at 11 months. Then, when the entire collection opens up, try to change your resort to another resort. What happens if the new resort uses less points than the first reservation at your home resort?
Do you then have to use those points before the end of the use year or forfeit them? If you have to forfeit them, would it be a good idea to see if they could be rented out (via the known internet sites), even at a discount?

My husband's opinion of buying DVC is this:
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Old 02-15-2013, 03:41 PM   #2
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Quote:
Originally Posted by moreisgood View Post
I'm new to DVC (considering buying resale.) I see the advice to make a reservation at your home resort at 11 months. Then, when the entire collection opens up, try to change your resort to another resort. What happens if the new resort uses less points than the first reservation at your home resort?
Do you then have to use those points before the end of the use year or forfeit them? If you have to forfeit them, would it be a good idea to see if they could be rented out (via the known internet sites), even at a discount?

My husband's opinion of buying DVC is this:
If you are cancelling before your banking deadline- you can bank them. If its after your banking deadline, you need to use them.

But, and here is an important newbie catch - a lot of those "use less points rooms" are really hard to get by non owners - if you are looking at value rooms at VAKL or standard view at BLT or BWV, it may not be a problem you have.
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Old 02-15-2013, 04:17 PM   #3
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In addition to what Crisi mentioned, if you use any borrowed points to make your reservation, they cannot be put back if the new reservation uses fewer points. Banking and borrowing are final transactions. You could have member services use any banked and borrowed points first which would free up the current points which could then be banked, provided you are not past your banking deadline.
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Old 02-15-2013, 05:09 PM   #4
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I would only go ahead and make that switch if I was within my banking deadline. I'd rather keep the original reservation than lose any points it might save.

I made a reservation at 11 months and am hoping to switch to another resort at 7 months. If I get it, it will save 51 points that will be put back into my account so they can be banked. The vacation is booked for Sept and my banking deadline is Sept 30. Could even waitlist it. If the vacation was in Oct or Nov this wouldn't work.
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Old 02-15-2013, 06:06 PM   #5
Deb & Bill
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Same thing if you go on the waitlist. There are actually two waitlists - one that goes until 31 days out, the other until seven days out. If you don't get your waitlist until seven days out and the new reservation takes less, you can't even bank those anymore, even if you are within your banking timeframe.

At 30 days out, any points from a cancelled or revised reservation that are not used for the reservation become holding points. And they cannot be used to make a reservation more than 60 days out. Plus they expire at the end of the use year.
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Old 02-15-2013, 07:40 PM   #6
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Originally Posted by Deb & Bill View Post
Same thing if you go on the waitlist. There are actually two waitlists - one that goes until 31 days out, the other until seven days out. If you don't get your waitlist until seven days out and the new reservation takes less, you can't even bank those anymore, even if you are within your banking timeframe.
Thanks for pointing that out. I would definately do the 31 day waitlist. If it doesn't come through in 6 months minus 1 day I figure it isn't meant to be.
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