Buying resale MVC points

[Byrne]

We are contemplating purchasing resale Marriott points.
Found this information on TUG -
Yes, you can buy resale points for "X" amount of dollars, and then pay an additional fee of $3 per point which basically makes them just like points purchased directly from Marriott.

Marriott appears to be exercising their Right of First Refusal on points which are selling for less than $3.50 to $4.00 per point so you likely would need to offer at least $3.50 per point if you have any hope in having it survive the ROFR process.

Also saw in another post, that I can't find now, there are a couple other fees to make the resale points function like points bought through Marriott Sales.

Also found this listing for Marriott Abounds Points . The price is $22500 = $3 per point, which means based on the post above we may need to offer $3.5 per point to avoid Marriott ROFR.
Does the $300 Marriott owner educatuon fee, and the $95 ROFR fee cover the junk fees needed to make these after market points same as points bought directly from Marriott?

Thanks.

7,500 Points with Janauary Anniversary
LISTING 271668
PRICE $22500.00
Currently selling direct from Marriott cost is ~ $15 per point ($112,500)
7,500 Points with January Anniversary
Starts 2025 usage.
Buyer to pay closing costs.
Closing costs are:
$450 recorded deed
$22,500 Marriott transfer fee.
$300 Marriott owner education fee ( fee is waived if already an owner).
$95 ROFR fee.

 

[Pamplemousse]

We are contemplating purchasing resale Marriott points.
Found this information on TUG -
Yes, you can buy resale points for "X" amount of dollars, and then pay an additional fee of $3 per point which basically makes them just like points purchased directly from Marriott.

Marriott appears to be exercising their Right of First Refusal on points which are selling for less than $3.50 to $4.00 per point so you likely would need to offer at least $3.50 per point if you have any hope in having it survive the ROFR process.

Also saw in another post, that I can't find now, there are a couple other fees to make the resale points function like points bought through Marriott Sales.

Also found this listing for Marriott Abounds Points . The price is $22500 = $3 per point, which means based on the post above we may need to offer $3.5 per point to avoid Marriott ROFR.
Does the $300 Marriott owner educatuon fee, and the $95 ROFR fee cover the junk fees needed to make these after market points same as points bought directly from Marriott?

Thanks.

7,500 Points with Janauary Anniversary
LISTING 271668
PRICE $22500.00
Currently selling direct from Marriott cost is ~ $15 per point ($112,500)
7,500 Points with January Anniversary
Starts 2025 usage.
Buyer to pay closing costs.
Closing costs are:
$450 recorded deed
$22,500 Marriott transfer fee.
$300 Marriott owner education fee ( fee is waived if already an owner).
$95 ROFR fee.

You need to pay MVC a $3 per point activation fee once you purchase the points.
So for 7500 points that’s $22,500 directly to MVC in addition to the purchase price.

 

[vacation911]

We are contemplating purchasing resale Marriott points.
Found this information on TUG -
Yes, you can buy resale points for "X" amount of dollars, and then pay an additional fee of $3 per point which basically makes them just like points purchased directly from Marriott.

Marriott appears to be exercising their Right of First Refusal on points which are selling for less than $3.50 to $4.00 per point so you likely would need to offer at least $3.50 per point if you have any hope in having it survive the ROFR process.

Also saw in another post, that I can't find now, there are a couple other fees to make the resale points function like points bought through Marriott Sales.

Also found this listing for Marriott Abounds Points . The price is $22500 = $3 per point, which means based on the post above we may need to offer $3.5 per point to avoid Marriott ROFR.
Does the $300 Marriott owner educatuon fee, and the $95 ROFR fee cover the junk fees needed to make these after market points same as points bought directly from Marriott?

Thanks.

7,500 Points with Janauary Anniversary
LISTING 271668
PRICE $22500.00
Currently selling direct from Marriott cost is ~ $15 per point ($112,500)
7,500 Points with January Anniversary
Starts 2025 usage.
Buyer to pay closing costs.
Closing costs are:
$450 recorded deed
$22,500 Marriott transfer fee.
$300 Marriott owner education fee ( fee is waived if already an owner).
$95 ROFR fee.

The way I read it is you would buy the points and then pay through Marriot the $3.oo per point. That might be the Marriot transfer fee they refer too.

 

[Byrne]

The way I read it is you would buy the points and then pay through Marriot the $3.oo per point. That might be the Marriot transfer fee they refer too.

Wow, the cost they show is $22500 then transfer fee is also $22500 + $300 + $95.

 

[Byrne]

You need to pay MVC a $3 per point activation fee once you purchase the points.
So for 7500 points that’s $22,500 directly to MVC in addition to the purchase price.

You need to pay MVC a $3 per point activation fee once you purchase the points.
So for 7500 points that’s $22,500 directly to MVC in addition to the purchase price.

Thank you. What happens to Marriott owners who already have points, want to buy after market points to boost their status from like select to next level? How do they merge the points for that purpose?

 

[vacation911]

My guess is that for resale points you would pay the $3 per point in addition to the other costs. That is just a guess, but I doubt you can just buy them, and they boost your status without paying the piper. Hopefully someone more knowledgeable can chime in.

 

[Pamplemousse]

The way I read it is you would buy the points and then pay through Marriot the $3.oo per point. That might be the Marriot transfer fee they refer t

Thank you. What happens to Marriott owners who already have points, want to buy after market points to boost their status from like select to next level? How do they merge the points for that purpose?

The new points can go in your existing MVC account if you have one already.
There are yearly club dues based on how much you own so you just pay once.

But you always need to pay that activation fee on resale points.

Still much less expensive to buy resale- even if they are $6-7 a point that’s about half what they cost from MVC.

Be sure you have researched well and understand how many points you need, options to use them and all the costs involved.
Do you need 7500 points? It’s a significant investment.

 

[Byrne]

Thank you. One more question. Renting out points. I have learned, reading some more TUG threads that cancellation rules are 61 days or more cancel and points go back to regular account. 60 days or less points go into a holding account with restrictions, like they can only be used in the 60 day window. Can one cancel 24 hrs prior to check in and the 60 or less window applies. Asking cause I i rented out points I would have to give the renter 24 hour cancellation.

 

[Pamplemousse]

Thank you. One more question. Renting out points. I have learned, reading some more TUG threads that cancellation rules are 61 days or more cancel and points go back to regular account. 60 days or less points go into a holding account with restrictions, like they can only be used in the 60 day window. Can one cancel 24 hrs prior to check in and the 60 or less window applies. Asking cause I i rented out points I would have to give the renter 24 hour cancellation.

You don’t have to give any renter cancellation at all- let alone 24 hour.
And the points can’t be transferred again once they go into someone else's account so no cancellation there.
If you booked a week with the points and rented that you would make cancellation more than 61 days only if at all.

I would not buy too many points planning to rent out excess, I would buy less and rent more if needed one year.
You pay $7 per point, yearly maintenance, club dues and then rent them for $0.75 a point- not good return.
Have a look at redweek- see what weeks are renting for and fees associated.

Lots of research is needed- you are talking about a big undertaking and want to be happy in the long run.

 

[Pamplemousse]

Wow, the cost they show is $22500 then transfer fee is also $22500 + $300 + $95.

Yes, at a minimum probably.
Have a look at rofr.net
There is some variably on when MVC exercises.
You just need to take a shot and keep trying.

 

[vacationtime1]

I would first offer $2/point. If Marriott grabs it via ROFR, try another at $2.25. Then $2.50, etc. Eventually you will pass, you will pay the minimum Marriott lets through, and you will have unburdened the sellers whose sales to you were ROFR'd.

But I agree with the more basic question -- why do you want 7500 points? That's a lot of points (with MF's of $6K/year) and there are often much cheaper ways to get the same weeks by other means.

 

[acal]

I'm looking into options for my parents, who have MVC points they're looking to sell. We are also MVC members, but honestly we don't need any more. We're renting out more than half of them every year as it is.

I'm a bit confused by the pricing mentioned in the discussion, above. People mentioning that Marriott will exercise ROFR below 3$ish. And yet - if you look on redweek all the sales listings I see are in the 1-2$/pt range. Almost none over 2$ and nothing approaching 3. Is Marriott really just nabbing all those sales? If you actually want to buy on the open market, do you have to bid WAY over asking to actually get them?

 

[Pamplemousse]

I'm looking into options for my parents, who have MVC points they're looking to sell. We are also MVC members, but honestly we don't need any more. We're renting out more than half of them every year as it is.

I'm a bit confused by the pricing mentioned in the discussion, above. People mentioning that Marriott will exercise ROFR below 3$ish. And yet - if you look on redweek all the sales listings I see are in the 1-2$/pt range. Almost none over 2$ and nothing approaching 3. Is Marriott really just nabbing all those sales? If you actually want to buy on the open market, do you have to bid WAY over asking to actually get them?

Yes- have look at rofr.net and see what others have posted for prices that passed or failed rofr- there is some variability and sometimes MVC doesn’t take them at a lower price but most of the time it’s over 3 to pass rofr.

It doesn’t matter to the seller who buys the points- the buyer or MVC if they exercise the rofr.
Sellers listing a lower price are trying to attract a buyer and if as a buyer you don’t understand/ know about the rofr you might go ahead and offer on the least expensive listing and the seller nets a little something for their points rather than giving them back to MVC for free. But as you saw there are tons of ads just on redweek so lots of competition to sell.

 

[Mlvnsmly]

I'm looking into options for my parents, who have MVC points they're looking to sell. We are also MVC members, but honestly we don't need any more. We're renting out more than half of them every year as it is.

I'm a bit confused by the pricing mentioned in the discussion, above. People mentioning that Marriott will exercise ROFR below 3$ish. And yet - if you look on redweek all the sales listings I see are in the 1-2$/pt range. Almost none over 2$ and nothing approaching 3. Is Marriott really just nabbing all those sales? If you actually want to buy on the open market, do you have to bid WAY over asking to actually get them?

Putting ROFR aside, it's an indication of the value of points on the resale market based on supply and demand. Just because $4 is what it takes to pass ROFR doesn't mean that is what the typical buyer is willing to pay on the open market. And the pool of buyers is likely very small compared to the pool of sellers. There is still always a chance that a low priced sale passes ROFR, with no risk involved if it doesn't. So, if an informed seller is very motivated, they will market the points lower than the perceived value to pass ROFR. It's also possible the seller is not informed about ROFR and just gauges the market when setting a price.