Ok, since I now which month will be my use year, is this what would happen?

SL6827 said:

Ok, so now that I have a September use year, I know this. The use year will start on September 1st of every year and end on August 31st of every year. My banking timeline will be from September 1st till April 31st of every year. But that is really all I have figured out.

If I have one studio booked with 40 2018 points for December 16-20, 2018 and I were to cancel say December 1st, do those points go into a holding account or are they just returned to my account to be used by August 31, 2019, or to be banked by April 31, 2019? Would there be a difference say if I were to cancel on November 10th?

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Marionnette said:

If you cancel a reservations with 30 days (or less) to go until the expected arrival date, those points go into holding. You will not be able to bank them into the next UY. You will need to use them before the end of the current UY but you will not be able to book anything with an arrival that is more than 60 days away.

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SL6827 said:

Ok, so if I were to cancel on November 16th the points would go into holding and I could use them during the current use year as long as my arrival is on or before January 16th, 2019?

But if I were to cancel say on November 1st, I could use them during the current use year or bank them by April 30, 2019 for use in the 2019 use year? So the key hear would be to try to cancel at least 31 days before the arrival of a reservation if one had to?

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SL6827 said:

Ok, so if the points were to go into the holding account, I could try to book a reservation say on February 14, 2019 with an arrival date of April 14, 2019 or on March 6th with an arrival of May 6, 2019?

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Marionnette said:

There are 59 days between 02/14 and 04/14 (Feb. only has 28 days, March has 31 days). You could book 4/14 on 2/13.

There are 61 days between 03/06 and 05/06 (31 days in March, 30 in April). You would have to wait until 3/7 to book 5/6 with holding points.

Booking dates for holding points go by DAYS, not MONTHS.

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disneynutz said:

How do you know that you have a Sept UY? Did you pass ROFR, did you close? Your excitement is understandable but you need to slow down and take a breath before you make a mistake.

Bill

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SL6827 said:

Your right. I'm. No the offer was just accepted. I am just trying to think positive about ROFR. I know it could happen, Disney could take it back, I'm just trying to not think in that direction. But it it were to, I'll just start the hunt again.

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Until you close it isn't a done deal, the seller could back out, are they in the USA? Understanding what you are buying, how the DVC works, UY, banking, borrowing, availability, the pros and cons of each resort, the room categories, the number of rooms at each resort is all part of the knowledge that will make you an informed buyer. A informed buyer is a happy buyer!

We have all been where you are and I will admit that even after thinking that I had a good grip on how the DVC works, we made mistakes. We got all excited about the DVC thinking that is was a club and we ended up buying resorts that we now don't really care for that much. Give yourself time to take this all in, read the DVC resource threads, happy learning.

Bill

disneynutz said:

Until you close it isn't a done deal, the seller could back out, are they in the USA? Understanding what you are buying, how the DVC works, UY, banking, borrowing, availability, the pros and cons of each resort, the room categories, the number of rooms at each resort is all part of the knowledge that will make you an informed buyer. A informed buyer is a happy buyer!

We have all been where you are and I will admit that even after thinking that I had a good grip on how the DVC works, we made mistakes. We got all excited about the DVC thinking that is was a club and we ended up buying resorts that we now don't really care for that much. Give yourself time to take this all in, read the DVC resource threads, happy learning.

Bill

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