Annual VS EOY - MARRIOTT KO OLINA-FIRST TIME

[justfranzwa]

I'm looking to buy a timeshare at marriott ko olina beach blub. This will be my very first one, and was debating if I should just dip my toes in the water, and purchase a biannual timeshare to start with, then I can add another one next year? Or would it be better just to get the annual one?



I know I'll end up paying 2 sets of closing costs in the end. But I don't know if I want to drop 10k or just get one for 4k sto start. I have been renting timeshares here for the last couple of years already.



Thanks for all advice In advance.

 

[Dean]

I'm looking to buy a timeshare at marriott ko olina beach blub. This will be my very first one, and was debating if I should just dip my toes in the water, and purchase a biannual timeshare to start with, then I can add another one next year? Or would it be better just to get the annual one?



I know I'll end up paying 2 sets of closing costs in the end. But I don't know if I want to drop 10k or just get one for 4k sto start. I have been renting timeshares here for the last couple of years already.



Thanks for all advice In advance.

IMO it really depends. If you're going every year and controlling view is important, I'd buy the EY now and not piecemeal this. If you likely won't go but about every 2 years, I'd do the EOY. Ultimately you could let the price and available options control your choice assuming that buying there at all is the best choice. One consideration is that EY is often cheaper than two EOY not to mention the additional closings. However, EOY appears much more likely to pass ROFR. For Ko Olina one also might consider a trading Marriott, it's generally an easy trade if one follows the best practices for exchanging. That'd be my choice for Ko Olina.

 

[m61376]

Agree with most of the above, but wrt trading into Ko’Olina, while availability has been good lately that can change. Moreover, I think when and unit size are important considerations. If the OP needs a 2 BR during school vacations owning would be better. If he/she has a lot of flexibility in vacation planning, both with dates and work schedule planning, and a studio of 1 BR works than buying a hood Marriott trader might be a good option.
I think buying where you want to go at least half the time makes for the happiest owners in the long run.


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[Dean]

Agree with most of the above, but wrt trading into Ko’Olina, while availability has been good lately that can change. Moreover, I think when and unit size are important considerations. If the OP needs a 2 BR during school vacations owning would be better. If he/she has a lot of flexibility in vacation planning, both with dates and work schedule planning, and a studio of 1 BR works than buying a hood Marriott trader might be a good option.
I think buying where you want to go at least half the time makes for the happiest owners in the long run.


Sent from my iPhone using Tapatalk

IMO the only times when trading (done well as discussed on TUG) is risky is when trying to upgrade unit size, when view type is important or for weeks 51 or 52. For Spring break or even 4th of July, I do not think it's a significant risk. YMMV.

 

[pchung6]

I would go with EOY Oceanview first to make sure timeshare works for you. If you know you need EY, you can always buy another EOY. You may want to add Marriott Maui or Kauai later instead of committing to Ko Olina. I purchased EY Oceanview and found out it is too much for us. We have to rent out in these years not using, it is just adding extra stress especially during Covid time.