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All about MGC

momots

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I was going to buy a SDO 2 bedroom L/O Annual Red Season 1-52 for trading on II, but thought it might be better if I get:

SDO 2 bd L/O Red Season 1-52 EOY AND MGC 2 bd L/O Platinum EOY

I am thinking this way I can get both Vistana preference and MVC preference when trading on II. Was it hard to see MVC properties without MVC preference by using SDO pre-Covid?

Does this sound like a good plan?

We live on the West Coast in WA. These are some questions I have on MGC, I tried to search for all these answers, but couldn't find them all:

-For resale, is MGC only good for stays at MGC and to deposit into II for trading?
-No points included?
-Are all 2 bedrooms at MGC lock-off?
-Does it lock-off into a 1 bedroom and a studio?
-Is Platinum essentially floating weeks 1-51 at MGC which excludes week 52? Is the only difference in Platinum Plus the week 52?
-SDO charges $40 more than the annual mf with a EOY. Does MGC also have a surcharge in mf for having an every other year? Is the mf charged half in odd year and half in even year?
-Will it pass rofr at $0? Anyone have luck with passing ROFR? If not, will it help to reflect the buyers closing cost/transfer fees into the purchase price and make the closing costs free/transfer fees free?
-Does MVC charge $95 for ROFR and $25 transfer fee?
-Is a 2 bedroom MGC platinum L/O worth more than a 2 bedroom SDO Red 1-52 L/O?

Anything else you can think of I should know?

Thank you so much in advance!
 

dioxide45

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Location
NE Florida
Resorts Owned
Marriott's Grande Vista
Marriott's Harbour Lake
SVV - Bella
SVV - Key West
-For resale, is MGC only good for stays at MGC and to deposit into II for trading?
Yes
-No points included?
Correct, resale weeks can't be directly enrolled in the DC point program. There are expensive ways around this.
-Are all 2 bedrooms at MGC lock-off?
Not 100% if they are all lock off units. However even if there are dedicated 2BR units, all owners on floating wee/floating unit can lock off based on availability.
-Does it lock-off into a 1 bedroom and a studio?
Yes. I think only the 3BR locks off into the 2BR and a 1BR.
-Is Platinum essentially floating weeks 1-51 at MGC which excludes week 52? Is the only difference in Platinum Plus the week 52?
Correct
-SDO charges $40 more than the annual mf with a EOY. Does MGC also have a surcharge in mf for having an every other year? Is the mf charged half in odd year and half in even year?
No surcharge in Marriott for EOY weeks.
-Will it pass rofr at $0? Anyone have luck with passing ROFR? If not, will it help to reflect the buyers closing cost/transfer fees into the purchase price and make the closing costs free/transfer fees free?
If the buyer is paying closing costs, those are sometimes included in the purchase price, of course indicating that then closing costs are $0.
-Does MVC charge $95 for ROFR and $25 transfer fee?
Yes
-Is a 2 bedroom MGC platinum L/O worth more than a 2 bedroom SDO Red 1-52 L/O?
The benefit of MGC over SDO is that with SDO when you deposit in II you get a blended trade value of the Gold Plus season. With MGC, the week you book and deposit is what trade power is based on. So you can book a good week for deposit where SDO you get whatever trade power they give you.
 

echino

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Location
Vancouver
Resorts Owned
Hyatt Piñon Pointe
Hyatt Coconut Plantation
Hyatt Windward Pointe
Harborside at Atlantis
Westin Ka'anapali
Westin St. John
Westin Kierland
Westin Lagunamar
Marriott Canyon Villas
Marriott Grand Chateau
Marriott St. Kitts
Marriott Ko Olina
-For resale, is MGC only good for stays at MGC and to deposit into II for trading?
Correct.

-No points included?
Correct.

-Are all 2 bedrooms at MGC lock-off?
Yes.

-Does it lock-off into a 1 bedroom and a studio?
Yes.

-Is Platinum essentially floating weeks 1-51 at MGC which excludes week 52? Is the only difference in Platinum Plus the week 52?
Yes.

-SDO charges $40 more than the annual mf with a EOY. Does MGC also have a surcharge in mf for having an every other year? Is the mf charged half in odd year and half in even year?
No surcharge. Half every year.

-Will it pass rofr at $0? Anyone have luck with passing ROFR? If not, will it help to reflect the buyers closing cost/transfer fees into the purchase price and make the closing costs free/transfer fees free?
Unknown if will pass at $0. On the other hand, you are unlikely to find it at $0.

-Does MVC charge $95 for ROFR and $25 transfer fee?
Yes.

-Is a 2 bedroom MGC platinum L/O worth more than a 2 bedroom SDO Red 1-52 L/O?
Yes.

Anything else you can think of I should know?

Two bedroom locks off into 1br and studio. Recently, studio trading power went down, to the point it no longer pulls anything high demand. You may look into buying a three bedroom, which locks off into 2br+1br. In my experience, this gives a lot more in terms of trading power and will get you high demand weeks. But a three bedroom is expensive.

Two bedroom is not exactly free either.
 

scootr5

TUG Review Crew: Veteran
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Marriott Grande Vista, Wyndham points, Wyndham Avenue Plaza - Mardi Gras week
-Will it pass rofr at $0? Anyone have luck with passing ROFR? If not, will it help to reflect the buyers closing cost/transfer fees into the purchase price and make the closing costs free/transfer fees free?
Not sure which property you are referring to. SDO has no ROFR.

-Does it lock-off into a 1 bedroom and a studio?
SDO locks off in to two 1 bedroom units.
 

momots

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Do you know where I could look to determine the mf for the MGC 2 Bd Platinum L/O EOY?
 

TheTimeTraveler

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Do you know where I could look to determine the mf for the MGC 2 Bd Platinum L/O EOY?

Looking at some of the Red Week ads the 2 Bedroom Lock Off Annual villa runs somewhere between $1,307 and $1,450 per year. Every other year would be half that figure and paid every year which works out to somewhere between $654 and $725 per year.

Special Note; Closing costs for an annual villa versus an EOY villa will generally be the same.


.
 

Seagila

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Do you know where I could look to determine the mf for the MGC 2 Bd Platinum L/O EOY?
Marriott Grand Chateau 2br Lock Off Platinum EOY Week

Fiscal Year Description Amount Due
2020 Operating Fee 457.20
2020 Property Tax Fee 27.20
2020 Replacement Reserve 169.23
2020 International Service Fee 17.25
2020 Total 670.94
 

Dean

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I was going to buy a SDO 2 bedroom L/O Annual Red Season 1-52 for trading on II, but thought it might be better if I get:

SDO 2 bd L/O Red Season 1-52 EOY AND MGC 2 bd L/O Platinum EOY

I am thinking this way I can get both Vistana preference and MVC preference when trading on II. Was it hard to see MVC properties without MVC preference by using SDO pre-Covid?

Does this sound like a good plan?

We live on the West Coast in WA. These are some questions I have on MGC, I tried to search for all these answers, but couldn't find them all:

-For resale, is MGC only good for stays at MGC and to deposit into II for trading?
-No points included?
-Are all 2 bedrooms at MGC lock-off?
-Does it lock-off into a 1 bedroom and a studio?
-Is Platinum essentially floating weeks 1-51 at MGC which excludes week 52? Is the only difference in Platinum Plus the week 52?
-SDO charges $40 more than the annual mf with a EOY. Does MGC also have a surcharge in mf for having an every other year? Is the mf charged half in odd year and half in even year?
-Will it pass rofr at $0? Anyone have luck with passing ROFR? If not, will it help to reflect the buyers closing cost/transfer fees into the purchase price and make the closing costs free/transfer fees free?
-Does MVC charge $95 for ROFR and $25 transfer fee?
-Is a 2 bedroom MGC platinum L/O worth more than a 2 bedroom SDO Red 1-52 L/O?

Anything else you can think of I should know?

Thank you so much in advance!
I can't speak to the Vistana side so my thoughts only apply to Marriott and mostly MGC. An EOY is exactly half in terms of fees, two EOY would be exactly the same as one EY from a fee standpoint. That could change but is unlikely to. An EOY is likely to be more like to pass ROFR all else equal. a 3 BR there locks off into a 2 BR and 1 BR which is a plus for trading. It is my understanding that if you own a 3 BR you're only supposed to be able to book the 2 BR that's a part of the 3 BR. I have seen posts of some able to do otherwise though, maybe others will chime in. I do understand that all other 2 BR there are L/O. The Platinum season at GC is very favorable in terms of getting a week to deposit and in combining with other Marriott's to use the 13 month booking advantage if applicable. It's trade power might be suspect but M to M it should be fine. If you're considering enrolling later, GC is an excellent choice and it's one of the cheaper in terms of fees. If trading and price is paramount, then you might look at other options as well as you can essentially always trade in to LV if you want to stay there. Branson has the cheapest fees. Desert options Platinum might be higher fees but would have a better rental potential, trade power and points if enrolled later and there have been some amazing sales on Ebay lately. Grande Vista could get you into the Florida Club. I wouldn't worry much about ROFR, just get the best deal you can and hope for the best. Good luck.
 
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