Ok, so it is like my home property taxes then, the dues you pay in early 2018 are for your 2017 use year?The budget statements for each resort are sent out prior to the annual meeting that occurs in early December each year. Looking back at the discussion thread from last year, it looks like the budget statements for 2017 were released on Nov 6, 2016, about a month before the meeting.
Here is the link to that thread, in case you're interested: https://www.disboards.com/threads/2017-dvc-dues-announced-prior-to-annual-meeting.3559447/
Dues are for the calendar year. Not related to use year.Ok, so it is like my home property taxes then, the dues you pay in early 2018 are for your 2017 use year?
Oh, ok. Gotcha. Another question, if you don't mind or anyone out there can reply. When a contract becomes available say with the following points availability of, (example only) 0/2017, 50/2018, 50/2019, will your first dues be due for payment in early 2019, for the 2018 points? Sorry, I still have lots to learn. I think if someone was to become a DVC tutor for potential first time buyers, they might could earn themselves some extra cash there.Dues are for the calendar year. Not related to use year.
Ok, so its a pay forward, not like my property taxes as pay backwards.The dues we will pay in Jan 2018 are for the 2018 calendar year. The dues cover the cost to operate the resort, fund Member Services, transportation, property taxes, etc. for 2018. If you pay in full in January, you are paying in advance for the coming year. If you pay by monthly debit from a US checking account, you are paying "as you go".
So the dues for the 2018 points will most likely be included in the initial purchase price?Oh, ok. Gotcha. Another question, if you don't mind or anyone out there can reply. When a contract becomes available say with the following points availability of, (example only) 0/2017, 50/2018, 50/2019, will your first dues be due for payment in early 2019, for the 2018 points? Sorry, I still have lots to learn. I think if someone was to become a DVC tutor for potential first time buyers, they might could earn themselves some extra cash there.
Ya, I have to get this part figured out as well. Just not right at the moment though. But thanks for the advice!I have an October Use Year so the dues I will pay in January 2018 for calendar year 2018 cover the last 9 months of my Oct 2017 UY and the first 3 months of my Oct 2018 UY. In terms of points, the dues I pay in Jan 2018 cover 9/12ths of my Oct 2017 points and 3/12ths of my Oct 2018 points.
Your first dues payment to Disney would be January 2018 for calendar year 2018. Then you pay every January after that.Oh, ok. Gotcha. Another question, if you don't mind or anyone out there can reply. When a contract becomes available say with the following points availability of, (example only) 0/2017, 50/2018, 50/2019, will your first dues be due for payment in early 2019, for the 2018 points? Sorry, I still have lots to learn. I think if someone was to become a DVC tutor for potential first time buyers, they might could earn themselves some extra cash there.
Ok, so it is not wise to pay dues on years that you get no points. I was already thinking that way, but I was just assuming that most sellers would think the same way. Are there certain contracts that are in such demand that the sellers can get dues paid for years there are no points available?Your first dues payment to Disney would be January 2018 for calendar year 2018. Then you pay every January after that.
Your seller may try to get you to pay prorated 2017 dues, since you are buying mid-year, but in my view, this is not reasonable since you get no 2017 points. You did not say which use year applies for your example, so the answer could change a bit based on use year.
Some brokers will try. It is best to think about your total out of pocket expense to buy a certain contract. This would generally be the sum of $ per point, closing costs, and pro-rated maintenance fees. All are negotiable. Also, MF may not be huge in the scheme of things. If I wanted to make a low offer, I might include MF to soften the blow. If they are asking a very high price, and it was stripped, I would not offer to pay MF. It all depends, but keep an eye on the total cash leaving your pocket. It is not so important how it is divided up.Ok, so it is not wise to pay dues on years that you get no points. I was already thinking that way, but I was just assuming that most sellers would think the same way. Are there certain contracts that are in such demand that the sellers can get dues paid for years there are no points available?