Ok I'll start off by saying I'm really sorry if this is posted elsewhere, but I couldn't find it.
I've been reading about how people who are members of the DVC sometimes sell/rent their time out to other people for whatever reason. Can someone in laymans terms, please explain to me 1) What points are, 2) How the "transaction" is completed, 3) Why people do this rather than just reserving a normal room, 4) How safe it is
Any other good information would be greatly appreciated.
DVC Member - My Home Resorts: BLT, BWV, BCV and VGC
In general, you can get a much better accommodation for the dollars by renting a reservation from a member than paying cash through Disney.
For instance, for a cash room at Saratoga Springs for Oct. 3rd - Oct. 10th (I picked a random week a couple months out) would be $2,559 for a studio, or $3,504 for a one-bedroom (room price only, no taxes)
If you were renting at say $12 a point, that studio would cost you $1,164, and the 1BR would be $2,364.
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