Finally Closed on our AKL contract!

Discussion in 'Purchasing DVC' started by ajh1388, Oct 12, 2017.

  1. ajh1388

    ajh1388 Earning My Ears

    Joined:
    Apr 15, 2017
    Messages:
    6
    Got the good news that we closed on our contract yesterday! Already recorded on the comptroller website. Now just have to wait for our membership number to come in the mail. This is our first DVC contract, and did the whole process under 60 days! Question about booking, the contract we purchased doesn't have any 2017 or 2018 points. However we plan to borrow 2019 points to go next October. We have a February use year. Do we have to wait until February to borrow to book? Thanks, Josh

    Timeline of our DVC resale Purchase

    Offer sent 8/17
    Offer Accepted 8/18
    Sent for ROFR 8/21
    Passed ROFR 9/05
    Closing Documents Received 10/05
    Closing Documents Sent 10/06
    Closed 10/11
     
  2. Cyberc1978

    Cyberc1978 DIS Veteran

    Joined:
    Jul 19, 2016
    Messages:
    584
    Hi

    Congrats and welcome home :-)

    No you don’t need to wait until February. You can borrow the points as long as the vacation you are trying to make falls between 2/1-2018 - 1/31/2019

    So if you want to do a vacation 11/1-2018 then you can book and borrow that on 12/1-2017.
     
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  4. Smilelea

    Smilelea Mouseketeer

    Joined:
    Jun 15, 2017
    Messages:
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    No. If you are going Oct. 2018, you can book starting in Nov. 2017 at AKV (your home resort). That is of course assuming Disney has completed the transfer (which they should have. I think ours took less than 14 days). If you are wanting to stay somewhere else, go ahead and book at AKV anyway, so you have something. Then at the 7 month mark you can look at your options and change if you want.
     
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  5. ajh1388

    ajh1388 Earning My Ears

    Joined:
    Apr 15, 2017
    Messages:
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    Perfect Thank you! We were worried we had to wait until February to borrow the points.
     
  6. gharter

    gharter DIS Veteran

    Joined:
    May 3, 2004
    Messages:
    527
    Congrats! We love our contract at AKL. Hope you enjoy it as much. As mentioned, you can borrow points to book at 11 months out.
     
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  7. Lindsay's4littles

    Lindsay's4littles DVC Mom to 5 Mouseketeers

    Joined:
    Feb 1, 2015
    Messages:
    121
    Congrats on closing!!! We closed on our AKV contract yesterday :)

    Welcome Home
     
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