It sounds to me that a secondary buyer of CH would still have the ability to "break up" the week. So the primary benefit that one loses by not buying resale through Marriott is the Points conversion????
I believe the 2BR plays a strong role on a pending request. The 2BR is going to be put in front of all the 1BR and Studio requests. It makes sense to deposit the entire 2BR if you are not flexible on dates and are trying for a difficult trade. For instant trading it would not make any sense to me.
It sounds to me that a secondary buyer of CH would still have the ability to "break up" the week. So the primary benefit that one loses by not buying resale through Marriott is the Points conversion????
It would makes sense than a 2br would be in front of a 1br and studio, but the question is how much inventory is available. If there is a fair amount, the 2br would get filled first and then the 1 br would also get filled. Most of the time that does happen.
I have been using 1 br and studios to get some fantastic trades at peak times like spring break and Xmas in Maui at the Marriott. I would think those would be difficult trades on very popular times and I did not need to use a 2br to get them. It is not to say that will be all the time, but the track record has been good.
You can also buy a 1BR at Grand Chateau (and maybe others), so the list in II is not every Marriott where they have dedicated 1BRs. Someone also posted on TUG recently that they bought a 1BR at Ko Olina in the first phase of sales at that resort, although I can find nothing about 1 BR units in that resort's documentation.Are those resorts the only ones where you could buy an actual 1BR unit, as opposed to buying a 2BR that locks off to a 1BR and studio? If that's the case there doesn't seem to be anything "special" about how they trade, because can't anybody request for exchange something larger than what they own if they only choose resorts that don't have units as small as what's being deposited?
You can also buy a 1BR at Grand Chateau (and maybe others), so the list in II is not every Marriott where they have dedicated 1BRs. Someone also posted on TUG recently that they bought a 1BR at Ko Olina in the first phase of sales at that resort, although I can find nothing about 1 BR units in that resort's documentation.
Another reason to deposit the whole 2BR is if you are placing a pending request at a resort that has less than 2BRs and you need a 2BR. For example, if you want a 2BR for Feb at Ocean Pointe you have to place a pending request since it is never available through instant exchange. You cannot do this with a 1BR or a Studio.
If I purchase from secondary market, do I still have the ability to break the week to 3/4, 1/6....... That sounds to me is a great feature!
I am bidding on this one. What will be the fair value for this EOY unit? $1500-2000?
That sounds about right, but keep in mind you are eating the 2013 fee for free, so you really have to add that into the price. Selltimeshare.org always does this crap.
Prices swing all over depending on if there is more than one bidder after it for personal use. Some believe EOY's are worth less than annual, and Marriott values them at 50%. The wrinkle is that some buyers may only want eoy. To someone only wanting eoy, and where there isn't a ton of rental value, the eoy is actually worth more than the annual (to them). If you get two of those bidders, it jacks up the price. This one only has two bidders so far. I do not expect much jumping in at the end because of the closing company's reputation and the $1,257.01 fees added on top of the final bid price
An annual in January went for $3,895 all in. The seller was a high reputation legitimate real estate broker that only collects commission after the sale is completed. This one is already at $2,381.01 all in.
I am bidding on this one. What will be the fair value for this EOY unit? $1500-2000?
I would bow out if I were you. Once an active auction is publicized here, it isn't worth bidding on any longer. Simply too much exposure and more interest means you won't get a bargain price. Just look at the interest this thread alone has garnered (64 replies). Wait and watch for a gem that doesn't get posted here. Wait until the hype dies down some and you should get a good/decent deal.
Yes you do.
Is MCU a deeded property or RTU until 2057?
Thanks
It is RTU until 2057. That's a very good price for sure.
I just signed one as well but that is because I declined title insurance. If that is your intention then you need to sign.Joe, help me on this. The unit I purchased in March passed ROFR from Marriott.
And the closing company asked us to sign and notarize the document called
"ASSIGNMENT OF TIMESHARE LEASEHOLD INTEREST WITHOUT EXAMINATION OF TITLE"
Is this normal for Custom House? Because I have another RTU Marriott Phuket purchase, and they never asked me this document.
Michael
I just signed one as well but that is because I declined title insurance. If that is your intention then you need to sign.
Joe, the Customs House unit just appeared in my account. However, as I asked you before, if the resale unit has the ability to book shorter stays, I can only book for 7days. Do I need to call them to book 1 day or 2days?
I did an online chatting with the agent and I was told that the resale week cannot be split.
Michael
A week is a week. Some, but perhaps not all, Marriott Resorts allow an owner to split a week into a 3 and a 4 night stay. However shorter stays are not permitted for weeks owners. To book shorter