Buying resale where I own erolled?

[rthib]

So what are the downsides of owning a resale week?
I find I am using the points I get for my week more often but also want to stay at that location.
I can buy a resale week for less than the point value would cost on resale so thinking I might do this to have best of both worlds?

Extra fees: Another II account, Lock-off fee any other?
Also, any disadvantage to two EOY vs a Year (from other thread it doesn't look like it).
Will probably use it at least EOY if not more.

 

[NiteMaire]

So what are the downsides of owning a resale week?
I find I am using the points I get for my week more often but also want to stay at that location.
I can buy a resale week for less than the point value would cost on resale so thinking I might do this to have best of both worlds?

Extra fees: Another II account, Lock-off fee any other?
Also, any disadvantage to two EOY vs a Year (from other thread it doesn't look like it).
Will probably use it at least EOY if not more.

Downsides depend on the individual. I don't see any. Some will tell you that you lose flexibility, but that flexibility comes at a price.
If your goal is to stay where you buy, I'd buy a resale week. FWIW, I own a resale week and don't think I'll ever buy points...but that's me. Others would do the opposite.
You also have an exchange fee for II ($50 less than the standard fee if trading into Marriott/Vistana), and a room upgrade fee (if going from studio to 1BR or 1BR to 2BR).
No real disadvantage of two EOY outside of the potential initial purchase being slightly higher for 2 EOY vice 1 EY. You actually gain a little and will be able to reserve at 13 months out vice 12.

 

[Steve Fatula]

If you intend to occupy as you say, and maybe even always occupy, there is no need for another II account as you wouldn't be trading it. In that case, it's ideal to own the resale week. Even if you trade it here and there, you could think about paying for II only those years you will trade it, with the caveat that if you let that go past the year before using it, you have to keep II active to hold onto your deposit. The other fee would be the trading fee if you do exchange it.

Of course, it also depends where you are speaking of. What resort?

 

[TheTimeTraveler]

So what are the downsides of owning a resale week?
I find I am using the points I get for my week more often but also want to stay at that location.
I can buy a resale week for less than the point value would cost on resale so thinking I might do this to have best of both worlds?

Extra fees: Another II account, Lock-off fee any other?
Also, any disadvantage to two EOY vs a Year (from other thread it doesn't look like it).
Will probably use it at least EOY if not more.

This is a good time to buy resale weeks AND resale points. Getting things thru ROFR right now at a low price is particularly easy.

Regarding two EOY weeks? Don't do it if you can avoid it. Your closing costs will usually be twice as much if you buy two EOY weeks as a opposed to buying just one annual week.



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[Dean]

So what are the downsides of owning a resale week?
I find I am using the points I get for my week more often but also want to stay at that location.
I can buy a resale week for less than the point value would cost on resale so thinking I might do this to have best of both worlds?

Extra fees: Another II account, Lock-off fee any other?
Also, any disadvantage to two EOY vs a Year (from other thread it doesn't look like it).
Will probably use it at least EOY if not more.

As noted you'll need a private II account if you exchange. There are the additional fees you and others noted including lockoff fee, change/cancelation fee, and higher exchange fees. It really depends on the specifics. As for 2 EOY there isn't much downside once you own them. Finding them can sometimes be more difficult and more expensive to acquire overall. Since Marriott isn't using ROFR much or at all right now, that takes away one of the advantages of the EOY since they tended to let them go through. EOY for different locations can be great, esp if you plan to use. I have that for HI though mine are NOW enrolled. Depending on the resort, fees may be cheaper than owning and using points as well. What resort are you thinking of? If you own and use you may not need an II account. If you have an off year you could always rent it or exchange through one of the independent exchange companies.

 

[Fasttr]

Shifting your angle of attack a bit... since your current week is enrolled, how about just renting what additional points you need when you want more than 1 week of vacation, and use your currently owned week as your week to stay at your home resort when you want to, and in years you want to exchange it for somewhere else, you use your corporate provided II account to trade it, or exchange it for DC points. That way there are no additional II accounts, etc., and no upfront costs to buy another week.

 

[DannyTS]

Owning points and a week is the best combination IMO because it provides you with both flexibility and a lower cost per stay. We often travel for more than 7 days to our home resort (and the plane tickets are often cheaper this way), we use our deeded resale week and we add several days using points.

 

[Dean]

Shifting your angle of attack a bit... since your current week is enrolled, how about just renting what additional points you need when you want more than 1 week of vacation, and use your owned week as a week to stay at your home resort when you want to, and in years you want to exchange it for somewhere else, you use your corporate provided II account to trade it. That way there are no additional II accounts, etc., and no upfront costs to buy another week.

It sounds like they are using points from their owned week for other places but also want to stay at that resort routinely as well. Certainly they could rent points and use their week but depending on the resort it might be both cheaper and better to own a week to use and own the points rather than renting them in some situations. Also depending on the resort it may be that renting privately, exchanging through II with what they own already and/or using bonus weeks/getways might be the best choice. If it's a yearly need I'd buy rather than renting the points but what I'd buy would vary depending on the specifics of resort, unit size, difficulty for reserving, dues at that resort, desired LOS and the like. Even if just buying the points resale one has more flexibility than with rented points such as borrowing & banking. In some situations having the additional fees for II, lockoff's, unit upgrades and the like might be a lot cheaper than owning points or renting. OTOH, renting gives one flexibility and points rentals are likely to be cheaper for a couple of years.

 

[rthib]

Shifting your angle of attack a bit... since your current week is enrolled, how about just renting what additional points you need when you want more than 1 week of vacation, and use your currently owned week as your week to stay at your home resort when you want to, and in years you want to exchange it for somewhere else, you use your corporate provided II account to trade it, or exchange it for DC points. That way there are no additional II accounts, etc., and no upfront costs to buy another week.

Renting points is nice but has limitations as someone pointed out.
Now I have lots of flexibility and worse case scenario I have to spend two weeks at my favorite resort (and then another week at my second favorite resort where my other week is.)
Now have to get past ROFR and all the other steps. Will update when I am done and give numbers and how it is working out. Nice thing is it with same company I bought my resale points from so at least fewer worries there.