Considering an MVC resale [MERGED]

[dvc2012]

Hey all! I’m a Wyndham and Disney owner looking to add on a Marriott contract.

couple Qs for the experts here:

- what resale limitations do you have as a resale owner?

- should I buy a fixed, floating or Marriott trust resale contract?

-what is too low to buy at that it won’t pass Marriott’s ROFR?

- is it realistic to expect inventory availability for the Ritz properties?

- are there any fees for buying resale similar to what Hilton has for its resales?

- properties that interest me are Marriott mountainside, all of the ski ritz locations, and some of their foreign properties.

-if I buy a floating or fixed week on resale, can that only be used at the property it was purchased at or can it be made into points. And is there a fee to do that if you want to make them destination points?

thanks all in advance!

 

[Steve Fatula]

- what resale limitations do you have as a resale owner?

You won't be able to enroll the week or turn it into DC points (though see later portion about special enrollment opportunity). However, you can purchase resale points and those currently have about $3/point in total fees. Pretty much, those function the same as buying direct from Marriott.

- should I buy a fixed, floating or Marriott trust resale contract?

That mostly depends on your needs. What are you trying to accomplish or do?

-what is too low to buy at that it won’t pass Marriott’s ROFR?

Well, a good source of info is http://www.rofr.net/, it has self reported selling prices for most all resorts, and, whether Marriott exercised or not.

- is it realistic to expect inventory availability for the Ritz properties?

If you are not buying Ritz property or DC points, then, no. A resale week will not get you a Ritz exchange if thats what you mean. It is available via DC points but the problem is until you reach sufficient ownership level (Marriott points which can include enrolled weeks), the earliest booking is 6 months out which is too late as they book up quickly.

- are there any fees for buying resale similar to what Hilton has for its resales?

Not really, whatever you and seller agree upon and passes ROFR. I don't know what Hilton has so can't comment or compare.

- properties that interest me are Marriott mountainside, all of the ski ritz locations, and some of their foreign properties.

There's only a handful of Ritz properties part of Marriott points program. San Fran, St Thomas, Lake Tahoe, Aspen, Vail as far as I know.

-if I buy a floating or fixed week on resale, can that only be used at the property it was purchased at or can it be made into points. And is there a fee to do that if you want to make them destination points?

It can not be turned into points until it is enrolled. To enroll resale week(s), you have to buy points or certain properties from Marriott at a certain time of yea, it's not cheap. Once enrolled, they give you an Interval membership and certain fees are "free", you pay a lesser fee for those privileges. There is no guarantee that it will be offered in the future, though it seems likely. Then, you can indeed turn a week into points, no fee for that.

You can however use it at other properties by using an exchange company, typically Interval International for MVCI. You would buy the membership, pay the exchange fees.

 

[dvc2012]

Awesome! Thanks for all those answers. As far as buying resale DC points - those are the “trust” points, right? So the MF is the same for everyone, currently 61cents per point? What property has the lowest MF in the portfolio?

 

[dvc2012]

Also if I buy DC points, I have to pay an activation fee to Marriott, right?

 

[Steve Fatula]

Out and about, but, someone has a speadsheet of MFs and there are 2 ways to look at it (at least). As a weeks owner, lowest MF perhaps. As a points owner, lowest MF per point. Depends which way you go. The activation fee and other junk fees total ~$3/pt. DC points are the trust points, yes. The MF is the same for all owners. However, enrolled weeks can also be converted to points, and some of those are very cheap per point in MF, much lower than 61 cents/pt.

 

[TXTortoise]

For estimating a resale point purchase: https://vacationpointexchange.com/resale/

Historical MFs by resort, view, etc... https://docs.google.com/spreadsheet...Oz68ewcUfH5pbQjVgNySGJPwY/edit#gid=1669901784

Weeks purchases are primarily floating weeks, with the need to reserve 12 months out. Fixed weeks exist and vary by resort, e.g.., Maui has fixed week/fixed units in two towers, while Mountainside has a fixed week 7, but unit is assigned at checkin.

As Steve, noted, you really need to define your objective. If always want to ski at Mountainside, then maybe fixed week makes sense since getting Week 7 or similar 12 months out may be hard as other multi-week owners can try for the same week 13+ months. Lots of nuances...

Probably should spend some time with the Points and Weeks FAQs at the top of this forum.

 

[dvc2012]

I appreciate all the help! Mountainside would be a nice perk, especially during Sundance. But, not sure I want a fixed week as Sundance could change and then I'm stuck with that week? Or I suppose I could still convert it to points - but that's the process that still sort of confuses me. Can any fixed or floating resale week be converted to DC Points at any time? Or are there only certain times they offer it and are the fees to convert them outrageous?

 

[Steve Fatula]

I appreciate all the help! Mountainside would be a nice perk, especially during Sundance. But, not sure I want a fixed week as Sundance could change and then I'm stuck with that week? Or I suppose I could still convert it to points - but that's the process that still sort of confuses me. Can any fixed or floating resale week be converted to DC Points at any time? Or are there only certain times they offer it and are the fees to convert them outrageous?

Giving a resale week the ability to convert to points is a one time ever event. So, once you follow this years promotion that may enable you to do so, that week can always in the future (as things stand today) convert to points, or not, year by year. That ability is enrolling the week. So, yes, any enrolled week fixed or floating can be converted to DC points. At any time? no. Review this chart: https://marriottvacationsworldwide.com/common/cms/mvc/pdfs/owners/Owner-Benefit-Level.pdf esp the line that says Election Deadline.

As TxTortoise says, you really need to think about what your precise use is going to be. Is it Sundance? Is it skiiing? Do you have kids, so, mostly have to live within a school schedule for vacations. How often would you want to stay at your resort vs somewhere else? Do you really always want 7 days? What kind of resorts will you mostly want to stay in, the higher value weeks and/or "premier" destinations, and if so where? etc. etc. We can't tell you what the best fit for you is as we simply don't know enough. As a simple example, wanting to go to Disney in Orlando is quite a bit different than wanting to ski during presidents day week.

Read the weeks and points FAQ, digest them for a while, ask questions on TUG, and take some time to get it right as far as how best to proceed. Don't think in a day or two you will got it all worked out, take it slow. At least, that's the ideal way.

But one thing he touched upon as well, "lots of nuances", that is so true! The issue is the more people own (up to some finite level), they can get in before you at some resort. Marriott gives "priority" to those owning more you could say. Not in all cases, but read that chart link I provided here to get some ideas as to why (most of it applies to DC points or enrolled weeks owners). However, even with only weeks, multiple weeks owners can also get in before a single week owner. There really are a lot of nuances and "tricks".

 

[Dean]

Just spend a few months getting educated so you know what you're getting and not getting. It may be that buying isn't the best option. Those are high end options that will likely require you buy the specific item you want to be successful which will be a lot even resale.

 

[eyedude]

I appreciate all the help! Mountainside would be a nice perk, especially during Sundance. But, not sure I want a fixed week as Sundance could change and then I'm stuck with that week? Or I suppose I could still convert it to points - but that's the process that still sort of confuses me. Can any fixed or floating resale week be converted to DC Points at any time? Or are there only certain times they offer it and are the fees to convert them outrageous?

I own at Mountainside. Getting Sundance can be difficult. You would have to book the week with a floating platinum week (they do not have a fixed week 3 or 4). Be ready to login as soon as the booking window opens. I have gone week 3 for the last 3 years. This has been the beginning of Sundance. Sundance is a great week to go. If you ski, the slopes are wide open and when you are done skiing, there are plenty of evening activities. The MF for Mountainside is very reasonable (less than $1500). Platinum ski weeks can easily be rented for the cost of your MF and you will easily net another $2000. I see people trying to rent their week for $5000+. It is in a great location...ski in ski out. If you convert to points, Platinum ski week is worth 5350 points (I think...I do not have an enrolled week. Maybe someone else can confirm). Also, you can lock of the week if you need. I have traded the one bedroom in Interval and it quickly matched a 2 bedroom Waiohai week...it has strong trading power.

 

[Hobee]

There is a $120 resort transfer fee charged by Marriott for a resale week purchase that is collected during closing. We made good use of floating weeks purchased resale. Last year we enrolled those weeks with a Marriott direct purchase of an Aruba week.

 

[dvc2012]

I own at Mountainside. Getting Sundance can be difficult. You would have to book the week with a floating platinum week (they do not have a fixed week 3 or 4). Be ready to login as soon as the booking window opens. I have gone week 3 for the last 3 years. This has been the beginning of Sundance. Sundance is a great week to go. If you ski, the slopes are wide open and when you are done skiing, there are plenty of evening activities. The MF for Mountainside is very reasonable (less than $1500). Platinum ski weeks can easily be rented for the cost of your MF and you will easily net another $2000. I see people trying to rent their week for $5000+. It is in a great location...ski in ski out. If you convert to points, Platinum ski week is worth 5350 points (I think...I do not have an enrolled week. Maybe someone else can confirm). Also, you can lock of the week if you need. I have traded the one bedroom in Interval and it quickly matched a 2 bedroom Waiohai week...it has strong trading power.

Fantastic info! What is the likelihood of a regular DC Trust owner getting week 3 or 4 at mountainside? Do they have the same booking window as the floating platinum weeks? Or do the platinum weeks owners get first dibs?

 

[dvc2012]

[Threads merged.] <--SueDonJ

Hey all - currently doing an Encore stay at Marriott Mountainside and loving it!

wanted to run some things by the MVC pros here. On my tour I was told that buying resale will end up being as expensive as buying direct (which I know is a lie) but they said that a resale Platinum floating week would not be “enrolled” and I could only use it where it’s deeded. Is that true? If so, is there a fee I could pay to get it enrolled?

also I was told there are only three fixed weeks here - Christmas, New Years and Presidents Day. Is that true also? A big reason im considering this property is for Sundance and I’d want a guarantee. Anyone have experience getting Sundance week as a non owner at the 12 month mark through the trust? If I got points elsewhere, it’s my understanding I could still book at Mountainside and about 50% of the inventory is trust and the other are fixed/floating weeks. But I’m guessing unless I’m chairman - it’s going to be next to impossible to secure Sundance?

lastly - where should I look for a good resale contract for this property?

thanks all in advance!

 

[Pamplemousse]

Hey all - currently doing an Encore stay at Marriott Mountainside and loving it!

wanted to run some things by the MVC pros here. On my tour I was told that buying resale will end up being as expensive as buying direct (which I know is a lie) but they said that a resale Platinum floating week would not be “enrolled” and I could only use it where it’s deeded. Is that true? If so, is there a fee I could pay to get it enrolled?

also I was told there are only three fixed weeks here - Christmas, New Years and Presidents Day. Is that true also? A big reason im considering this property is for Sundance and I’d want a guarantee. Anyone have experience getting Sundance week as a non owner at the 12 month mark through the trust? If I got points elsewhere, it’s my understanding I could still book at Mountainside and about 50% of the inventory is trust and the other are fixed/floating weeks. But I’m guessing unless I’m chairman - it’s going to be next to impossible to secure Sundance?

lastly - where should I look for a good resale contract for this property?

thanks all in advance!

It’s true resale weeks are not enrolled in Marriotts Destination club which allows you to convert your week to points to use to book other MVC properties. You can’t enroll for a fee, you need to do a deal with MVC making another purchase for them to allow enrollment.

But you can deposit your resale week into interval international and exchange to other resorts- MVC and other brands. II membership is about $99/ yr and exchanges about $200 (I believe there is a discount exchanging exchanging into Marriott properties). You are not limited to staying your ownership if you are not enrolled.

I would think the way to book Sundance would be to buy a week in the season that corresponds to those dates and then try to book the week you want the second that inventory is released at 12 months for a single week owner ( there is a spot on MVC where you can enter the dates you want ant it gives the release date)- but there is no guarantee you will get it. Half the inventory is released at 13 months for multiple weeks owners.
If you failed to get the week you want you could still deposit into II and exchange for something else.

 

[dvc2012]

It’s true resale weeks are not enrolled in Marriotts Destination club which allows you to convert your week to points to use to book other MVC properties. You can’t enroll for a fee, you need to do a deal with MVC making another purchase for them to allow enrollment.
But you can deposit your resale week into interval international and exchange to other resorts- MVC and other brands. II membership is about $99/ yr and exchanges about $200 (I believe there is a discount exchanging exchanging into Marriott properties). You are not limited to staying your ownership if you are not enrolled.

Thanks for the quick reply! Switching gears a bit: Are exchanges included in your II membership if you own Destination Points? Or do you still have to pay per exchange ?

 

[Pamplemousse]

Thanks for the quick reply! Switching gears a bit: Are exchanges included in your II membership if you own Destination Points? Or do you still have to pay per exchange ?

If you have DC points you can exchange on II, but not to MVC properties.
If you own a week enrolled in the destination club you can deposit that into II and exchange- even to MVC properties and exchanges to Marriott properties are free, II membership fee is included in DC dues.
Each year you can elect to convert your enrolled week to points to book another MVC, or stay your owned week, or deposit your week into II. IMO an enrolled week is a win,win,win.
But the only way to guarantee getting a specific week is to have it as a fixed week. This might not be the best fit for you.
There is lots of info on MVC in the stickies at the top of the MVC section.

 

[Wanderlustgrl]

see if you can buy a bundle. Close to resale prices with the junk fee and you get the developer incentives which were good given covid and make it worth going through them for us. Our rep looked for months to find what we wanted week wise and Made sure we got all the incentives. The week I buy is already enrolled

 

[dvc2012]

see if you can buy a bundle. Close to resale prices with the junk fee and you get the developer incentives which were good given covid and make it worth going through them for us. Our rep looked for months to find what we wanted week wise and Made sure we got all the incentives. The week I buy is already enrolled

They were trying to sell me a bundle today but it was over 100k. Yikes.

 

[billymach4]

They were trying to sell me a bundle today but it was over 100k. Yikes.

Are they out of their bleeping mind!

 

[DRH90277]

The points alternative - One needs about 5,000 points for a typical platinum season week at one of the better resorts. That is a $50,000+ investment in points. Two weeks, you need 10,000 points, $100,000. Once you have the points, you compete with other points holders to get the reservation for the week you want by calling the resort a year ahead. Having the points does not insure you will get the week you want.

The cash rental alternative - just go to Redweek and see if the week is available for rent. Pay about twice the maintenance fees and rent the week. End of story.

 

[billymach4]

The points alternative - One needs about 5,000 points for a typical platinum season week at one of the better resorts. That is a $50,000+ investment in points.

I get the drift. Only I disagree with the label "Investment". My new moniker is "Legal Scam"!

Who in their right frame of mind is going to take out a mortgage for this. If you are a high net worth earner and multi millionaire perhaps. But I don't see that clientele occupying MVC. Perhaps at some of the best MVC locations and seasons? But for a Middle Class family looking to get into Orlando or on a school vacation? At this price point they have to be pricing people out!

 

[billymach4]

At this point I am happy with my legacy week and small points portfolio from pre 2010. When I need more points rental points is my solution.

 

[TXTortoise]

Hey all - currently doing an Encore stay at Marriott Mountainside and loving it!

also I was told there are only three fixed weeks here - Christmas, New Years and Presidents Day. Is that true also?

It doesn't really solve your problem, but President's Week 7 is a fixed week, not fixed unit, but can be deposited with Marriott and used to reserve another week in Platinum season.
It's an expensive week, $35K or so, so unless you might use or rent, you're looking at a purchasing a floating week and competing with everyone at 12-13 months for Sundance. Even if you did a hybrid deal to get a good price on points, you would limited to weeks deposited by the MS owners for points the preceding year, i.e., trying to book with points against a small pool of available Sundance weeks.

Is Sundance is what you really want every year, renting might be the best route.

 

[Wanderlustgrl]

They were trying to sell me a bundle today but it was over 100k. Yikes.

Wowww! We spent about 60,000 for 7100 pts. I hope you were getting way more than that!

 

[funtime]

People who regularly go to Sundance prefer Marriott Summit Watch, MSW, because it is located downtown on Main St. where the movies and Sundance festival parties are held. Park city blocks off Main street to traffic and they put up party tents. I just purchased a 2BR lock off Platinum MSW for 13,500 and it passed ROFR. (Right of First Refusal). I own other units at MSW and last year was able to book a Sundance week at the 12 month mark online. I logged in online right at 9AM EST and was set to click thru the first second I saw a week. I rented it easily on Redweek for 4200. MF this year are 1785. I paid cash and I feel that my investment will be completely amortized in five or six years. The bottom line is that MSW are more valuable Sundance properties and you can acquire them for less than Mountainside, MOU. MSW sell for less than MOU and you can book Pres. Week as well, which is also a great rental week. You can still ski from MSW because the lift at town bridge is across the street. If you are still in love with staying at MOU then rent a week there. Try this for a few years. You may want to buy two MSW's so you can book at the 13 month mark. Both properties are very hard to exchange into with II except at the last min. (about 7 days out) or in early April.