So today we added on to our account with 100 points at Disney's HHI Resort! :sohappy: But I found out a couple of interesting things while I was doing it. Might be old hat to others, but it was interesting to me.
We currently have a VWL contract with a December use year. So when I called my agent to tell him I wanted to add on to our account with HHI points, he told me he would put me on the waitlist for HHI December points. I just assumed that once you owned in one use year you were locked into that use year. There were four people on the waitlist, and we were dead last. He told me that in a meeting last week Disney told them that they were going to work hard to fill all the waitlist requests before the use year, which according to him meant they would be exercising the ROFR on any account in the resale market that got a buyer. He said they have no points at all from last year (2010 use years).
While I was reading on here and mouseowners.com I noticed that several people have multiple contracts with multiple use years. Thought that was interesting, because he didn't even tell me that was an option. So I emailed him to ask. He said yes, it was an option to buy a contract in a different use year, and that the only month currently with points was February. So we were able to buy a Feb contract and get the 2011 points. I asked him why he didn't tell me this was an option in the first place, and why there are three people on the waitlist for December (now that we are off) if they could just points in a different use year?
He said that they aren't allowed to offer that as an option, because it complicates the accounts. He said most owners aren't that on top of their accounts and with two different use years they can miss the banking windows and forget which accounts have which points, etc. He said if the buyer asks for the option they can do that, but they can't offer it as an option.
That seemed really strange to me. It seems like those three people remaining on the Dec waitlist might be perfectly willing to buy Feb points and they could easily make a sell. Am I missing something here?
PS - Before anyone points this out, I fully realize that over the course of the remaining 31 years we will be getting 100 less points because if we had gotten Dec use year points we would have received 2010 and 2011 points, where with the Feb use year we are only receiving 2011 points. HOnestly, I was a bit worried that we would never get off the waitlist and still miss out on the 2010 points anyways. I would rather have the points and be able to book within the 11 month window since it's sooooooo hard to get into this resort.
We currently have a VWL contract with a December use year. So when I called my agent to tell him I wanted to add on to our account with HHI points, he told me he would put me on the waitlist for HHI December points. I just assumed that once you owned in one use year you were locked into that use year. There were four people on the waitlist, and we were dead last. He told me that in a meeting last week Disney told them that they were going to work hard to fill all the waitlist requests before the use year, which according to him meant they would be exercising the ROFR on any account in the resale market that got a buyer. He said they have no points at all from last year (2010 use years).
While I was reading on here and mouseowners.com I noticed that several people have multiple contracts with multiple use years. Thought that was interesting, because he didn't even tell me that was an option. So I emailed him to ask. He said yes, it was an option to buy a contract in a different use year, and that the only month currently with points was February. So we were able to buy a Feb contract and get the 2011 points. I asked him why he didn't tell me this was an option in the first place, and why there are three people on the waitlist for December (now that we are off) if they could just points in a different use year?
He said that they aren't allowed to offer that as an option, because it complicates the accounts. He said most owners aren't that on top of their accounts and with two different use years they can miss the banking windows and forget which accounts have which points, etc. He said if the buyer asks for the option they can do that, but they can't offer it as an option.
That seemed really strange to me. It seems like those three people remaining on the Dec waitlist might be perfectly willing to buy Feb points and they could easily make a sell. Am I missing something here?
PS - Before anyone points this out, I fully realize that over the course of the remaining 31 years we will be getting 100 less points because if we had gotten Dec use year points we would have received 2010 and 2011 points, where with the Feb use year we are only receiving 2011 points. HOnestly, I was a bit worried that we would never get off the waitlist and still miss out on the 2010 points anyways. I would rather have the points and be able to book within the 11 month window since it's sooooooo hard to get into this resort.
