Buying resale, week or point?

[sui]

I'd like to buy a summer resale week of Marriott's Grande Ocean which I intend to use myself annually, I couldn't find any summer week on eBay, the closest I could find is one floating 35+ weeks which doesn't quite work for me. I was able to find a couple on redweek, but they are all points (and much cheaper!!!)

My question is if I buy resale, what's the difference to buy points vs week? What is the disadvantage to buy points compared to weeks and/or compared to points sold by developer?

Also, what's the ongoing price for a 2br ocean front summer week, does $3000 sound reasonable or too good to be true?

 

[GregT]

I'd like to buy a summer resale week of Marriott's Grande Ocean which I intend to use myself annually, I couldn't find any summer week on eBay, the closest I could find is one floating 35+ weeks which doesn't quite work for me. I was able to find a couple on redweek, but they are all points (and much cheaper!!!)

My question is if I buy resale, what's the difference to buy points vs week? What is the disadvantage to buy points compared to weeks and/or compared to points sold by developer?

Also, what's the ongoing price for a 2br ocean front summer week, does $3000 sound reasonable or too good to be true?

I would prefer to own the week, as I like deeded weeks. I believe the Platinum 2BR OF at Grande Ocean is closer to $12K though? Others are more knowledgeable then me, but I believe $3K is much too low for a Platinum Grande Ocean.

Best,

Greg

 

[NTP66]

I would prefer to own the week, as I like deeded weeks. I believe the Platinum 2BR OF at Grande Ocean is closer to $12K though? Others are more knowledgeable then me, but I believe $3K is much too low for a Platinum Grande Ocean.

Best,

Greg

I have periodically checked on resale Grande Ocean units, and haven't seen a single platinum for under $13k regardless of view.

 

[Tunadavis]

Points are much more flexible (shorter stays, mid week, use of other resorts and the explorer program, etc), but you may lose the guarantee of staying there because HH is mostly bought out by traditional weeks owners from what I've heard.

Sent from my XT1254 using Tapatalk

 

[jme]

Expect to pay $12,000 to $15,000 for a summer oceanfront week, resale. That's a good deal.

Enough Destination Points to BOOK a summer week at GO is 5400 points for oceanfront in mid-July (as an example) which would equate to paying Marriott
around $65,000.

Which option sounds better to you?

 

[davidvel]

Expect to pay $12,000 to $15,000 for a summer oceanfront week, resale. That's a good deal.

Enough Destination Points to BOOK a summer week at GO is 5400 points for oceanfront in mid-July (as an example) which would equate to paying Marriott
around $65,000.

Which option sounds better to you?

Nailed it.

 

[AlmostRetired]

Also, what's the ongoing price for a 2br ocean front summer week, does $3000 sound reasonable or too good to be true?

If you look at Redweek, 3000 might be the low water mark to rent an ocean front summer unit at the Grand Ocean so I am not sure how you got to that number? I would suspect that you would pay 5 times that for an ocean front.
Marriott also has right of first refusal at the Grand Ocean.

Good luck

 

[NTP66]

Checking the old ROFR database, I'm shocked to see that Marriott passed on an ocean side unit for $7100 in 2014. That's either a steal, or mistake in the DB.

 

[JIMinNC]

I'd like to buy a summer resale week of Marriott's Grande Ocean which I intend to use myself annually, I couldn't find any summer week on eBay, the closest I could find is one floating 35+ weeks which doesn't quite work for me. I was able to find a couple on redweek, but they are all points (and much cheaper!!!)

My question is if I buy resale, what's the difference to buy points vs week? What is the disadvantage to buy points compared to weeks and/or compared to points sold by developer?

Also, what's the ongoing price for a 2br ocean front summer week, does $3000 sound reasonable or too good to be true?

There seems to maybe be some misunderstandings here on the part of the OP?

There is no such thing as buying a points-based week at Grande Ocean - you either buy a resale WEEK or you buy enough POINTS to book a week annually. As jme pointed out that takes 5400 points for a summer GO week, so that's $65k from Marriott or $38k for resale points.

As 10410z suggests, $3000 for a week at Grande Ocean sounds more like the price of a week's rental, not a purchase. Did you accidentally look under the "Rentals" tab on Redweek instead of the "Resales" tab?

 

[sui]

There seems to maybe be some misunderstandings here on the part of the OP?

There is no such thing as buying a points-based week at Grande Ocean - you either buy a resale WEEK or you buy enough POINTS to book a week annually. As jme pointed out that takes 5400 points for a summer GO week, so that's $65k from Marriott or $38k for resale points.

As 10410z suggests, $3000 for a week at Grande Ocean sounds more like the price of a week's rental, not a purchase. Did you accidentally look under the "Rentals" tab on Redweek instead of the "Resales" tab?

I was new to redweek and when I searched for GO, I got to the DC points page accidentally, that's what got me confused. Now I'm determined to buy weeks since my main purpose is to stay in GO. Regarding the price of $3000, it's a misleading ad on redweek with prime season in the title, but once you click on it for the details, it tells you that it's a silver week.

 

[itrainu]

Grande Ocean

I have three weeks at Grande Ocean, and would recommend buying deed vs. points. Big price difference. AND, if you decide to trade via II, the week will get your pretty much anywhere/anytime.

 

[SunandFun83]

Price to pass ROFR

Look for the thread regarding ROFR. The formula is 23% or more of the price for points for a deeded week. If points are $65,000 then 23% = $13,195 as the minimum to pass ROFR. You will be lucky to find Ocean Front at $14,000 - $15,000.

It takes $5 or more to pass ROFR on a resale purchase of points.