To Exit or Not?

[kukla56]

To exit or not, that is the question!
I bought two resale Silver weeks at Grande Ocean almost 20 years ago for a total of $13500 for both. I was able to join the points system several years ago without buying points and I still retain the deeds for my weeks. For the past several years, I have traded one of my weeks for 1925 points and have used my other week for Thanksgiving. I have enjoyed being an owner and feel as if I have gotten my money's worth over the years, having stayed at resorts in Hawaii, the Caribbean, and France with points. However, this year my annual maintenance for the two units passed the $4000 mark. I am finding it harder to find $4000 in value. My Thanksgiving week can be rented from other owners for less than $2000 on Redweek. The points are hard to use.. I often say, you have to have a PHd in Timeshare to keep track of deadlines and maximize your usage. So on a bit of a whim, I contacted Exit Services mainly for information and within 48 hours, they have sent my documents to sign to relinquish my weeks for a $400 fee. This would take effect in 2027, so I would have another full year of usage and maintenance fees (which will likely be going up.) Now I have a decision to make and turn to this braintrust for opinions. What would you do?

 

[Hindsite]

Have you given II a go? If not give that a try first as you can get much better value from exchanging into other MVCs via II than electing for club points and then using Abound. Plus you will have access to other brands as well as the MVC to MVC internal weeks exchange.

If your weeks are enrolled, you already pay for an II account and you get no fee MVC to MVC exchanges and unlimited no fee retrades to other MVCs too.

The key with using II with low season weeks is to request early and understand what is realistic, but I have no trouble getting 1 or 2 season upgrades and other high quality resorts. I don't travel peak season or to Hawaii, but have seen inventory for those so it is quite possible. If view type matters a lot to you then II can be a poor experience if you are travelling in peak season. as the view type is not guaranteed, and unit placement priority is lower than owners or points reservations. As you are a TUG member, you can look at the sightings forum and see what the art of the possible is and go from there.

If you are done, you are done, but if you can give it another couple of years, you might find value or it will confirm that you do need to give them back.

 

[Dean]

To exit or not, that is the question!
I bought two resale Silver weeks at Grande Ocean almost 20 years ago for a total of $13500 for both. I was able to join the points system several years ago without buying points and I still retain the deeds for my weeks. For the past several years, I have traded one of my weeks for 1925 points and have used my other week for Thanksgiving. I have enjoyed being an owner and feel as if I have gotten my money's worth over the years, having stayed at resorts in Hawaii, the Caribbean, and France with points. However, this year my annual maintenance for the two units passed the $4000 mark. I am finding it harder to find $4000 in value. My Thanksgiving week can be rented from other owners for less than $2000 on Redweek. The points are hard to use.. I often say, you have to have a PHd in Timeshare to keep track of deadlines and maximize your usage. So on a bit of a whim, I contacted Exit Services mainly for information and within 48 hours, they have sent my documents to sign to relinquish my weeks for a $400 fee. This would take effect in 2027, so I would have another full year of usage and maintenance fees (which will likely be going up.) Now I have a decision to make and turn to this braintrust for opinions. What would you do?

Would it be $400 per week? Unless they are on one deed, I would expect so.

 

[kukla56]

Would it be $400 per week? Unless they are on one deed, I would expect so.

They are on separate deeds, but it is $400 for the whole contract that includes both.

 

[Dean]

They are on separate deeds, but it is $400 for the whole contract that includes both.

Pretty sure some have posted it was per week so hopefully they gave you the correct info.

 

[Pamplemousse]

The most telling line in your post is “The points are hard to use.. I often say, you have to have a PHd in Timeshare to keep track of deadlines and maximize your usage.”

I have not found this to be true.
But it does require a little effort (no where near a PhD) but if you are not interested in doing it anymore why not give your units away for free rather than having MVC take them (have the buyer pay closing costs).

And by the way if you do decide to keep your ownership log on to MVC and go under resources, then helpful tools, then important dates and you will get a printable chart of the deadlines.

 

[elaine]

Given what you've said, I'd give them away (if you can-silver week @ $2K fees might be difficult) or give back to M and be done. I made a similar decision with a non-M HHI week. I could still get "value" out of my TS. But, I had grown tired of trading and our travel patterns had changed (no need for bigger units and could not plan 9-12 months ahead). I felt I'd gotten my money's worth over my 20 years of ownership, so I divested and moved on.

 

[TheTimeTraveler]

To exit or not, that is the question!
I bought two resale Silver weeks at Grande Ocean almost 20 years ago for a total of $13500 for both. I was able to join the points system several years ago without buying points and I still retain the deeds for my weeks. For the past several years, I have traded one of my weeks for 1925 points and have used my other week for Thanksgiving. I have enjoyed being an owner and feel as if I have gotten my money's worth over the years, having stayed at resorts in Hawaii, the Caribbean, and France with points. However, this year my annual maintenance for the two units passed the $4000 mark. I am finding it harder to find $4000 in value. My Thanksgiving week can be rented from other owners for less than $2000 on Redweek. The points are hard to use.. I often say, you have to have a PHd in Timeshare to keep track of deadlines and maximize your usage. So on a bit of a whim, I contacted Exit Services mainly for information and within 48 hours, they have sent my documents to sign to relinquish my weeks for a $400 fee. This would take effect in 2027, so I would have another full year of usage and maintenance fees (which will likely be going up.) Now I have a decision to make and turn to this braintrust for opinions. What would you do?

If you're prepared to pay $400 to rid yourself of your two weeks then why not consider posting them on TUG's "Timeshare Giveaway" Forum instead ?

It won't cost you anything and someone may readily take them off your hands for use beginning in 2026 (which would save you another $4,000 in maintenance fees).

Use www.LTTransfers.com in order to transfer the title out of your name into the name of the person who wants them. The taker will pay their fee.

Best of luck!









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