Can 2021 resale purchase be banked for next year through Interval?

[Tcbmcb5]

I might be purchasing an EY resale Marriott. Still available to be used in 2021 but I don’t think my family can swing a vaca later in the year and we already have summer plans. I will have to pay 2021 MF as part of the sale and then pay for 2022 MF in early Jan. Once the sale goes through would i be able to join Interval and bank the 2021 week to be used in the future/next year? Thanks for any advice.

 

[CPNY]

I might be purchasing an EY resale Marriott. Still available to be used in 2021 but I don’t think my family can swing a vaca later in the year and we already have summer plans. I will have to pay 2021 MF as part of the sale and then pay for 2022 MF in early Jan. Once the sale goes through would i be able to join Interval and bank the 2021 week to be used in the future/next year? Thanks for any advice.

You should probably ask this in the Marriott forum. Maybe @SueDonJ can move it there for you? You will get the correct answer from Marriott owners.

 

[davidvel]

There is nothing that says it CAN'T be done. It's just an issue of timing of the season, when your unit closes, the amount of cooperation from the seller, etc.

Depending on season, etc., if seller can reserve a week now for you, you need to make sure your contract and escrow docs to Marriott show that 2021 usage should transfer to you as buyer. This will make sure you get a week in your season. If you have enough time (ie more than 60 days before the reserved week), you can then deposit to II and it will be unrestricted.

 

[TheTimeTraveler]

If you're buying a resale unit that has lock off capability then don't forget to lock it off first prior to depositing it in Interval International so that you will then be able to obtain two trades. Marriott will charge you $90 to lock it off.

My guess is that you are trying to buy Marriott's Grande Vista?


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[GrayFal]

If your closing date is past the end of your season, you can request Marriott assign you an already deposited unit.
Example. You are buying Platinum Aruba Surf Club. When you close in May 2021 ask Marriott to deposit/assign you a one bedroom and studio from Feb/March 2021.

 

[Dean]

I might be purchasing an EY resale Marriott. Still available to be used in 2021 but I don’t think my family can swing a vaca later in the year and we already have summer plans. I will have to pay 2021 MF as part of the sale and then pay for 2022 MF in early Jan. Once the sale goes through would i be able to join Interval and bank the 2021 week to be used in the future/next year? Thanks for any advice.

I wouldn't buy a week with dues this year that you can't use in some way for most situations, esp not somewhere like GV. You should basically count the fees as an additional part of the purchase price so it raises your price by probably more than the week is worth for GV. It's unlikely you'll get closed in time to reserve a week if it's platinum at GV, your chances are better for Gold though I likely wouldn't buy gold at GV unless I planned to specifically us it there or for the FC and not exchange it. You might be able to get them to reserve a week for you so it'll already be reserved.

 

[Tcbmcb5]

I wouldn't buy a week with dues this year that you can't use in some way for most situations, esp not somewhere like GV. You should basically count the fees as an additional part of the purchase price so it raises your price by probably more than the week is worth for GV. It's unlikely you'll get closed in time to reserve a week if it's platinum at GV, your chances are better for Gold though I likely wouldn't buy gold at GV unless I planned to specifically us it there or for the FC and not exchange it. You might be able to get them to reserve a week for you so it'll already be reserved.

Thanks. I might just hold off until a 2022 next use comes available. Fees & 2 years of MFs are adding up. Or look for an Every Other Year where next use is 2022 or even 2023. Just to get my foot in the door with Marriott & Interval and learn the ropes. These threads are so informative & I appreciate everyone’s advice.

 

[Steve Fatula]

Thanks. I might just hold off until a 2022 next use comes available. Fees & 2 years of MFs are adding up. Or look for an Every Other Year where next use is 2022 or even 2023. Just to get my foot in the door with Marriott & Interval and learn the ropes. These threads are so informative & I appreciate everyone’s advice.

That is best, you don't want to get stuck with MFs for a year you can't use it. It can take a while at times to close these deals, and, it's quite possible you'll won't be able to even get a reservation anyway. Yes, you would get a replacement week but really, banking on using it this year given what you described isn't a good idea IMHO.

Definitely go for a 2022+ first use year, plenty of time in that case for things to all happen, and, to learn more about the different ways you can use it. More time is better. There will be some of those first use years you can buy.

 

[Dean]

Thanks. I might just hold off until a 2022 next use comes available. Fees & 2 years of MFs are adding up. Or look for an Every Other Year where next use is 2022 or even 2023. Just to get my foot in the door with Marriott & Interval and learn the ropes. These threads are so informative & I appreciate everyone’s advice.

Or you could negotiate a better deal that was a win win. Maybe no fee reimbursement for this year's week but you might still get use out of it, just reduced. For a higher end option it might be worth the added cost of admission but certainly not for a GV 2 BR and unlikely for a 3 BR.

 

[travelmom11]

I might be purchasing an EY resale Marriott. Still available to be used in 2021 but I don’t think my family can swing a vaca later in the year and we already have summer plans. I will have to pay 2021 MF as part of the sale and then pay for 2022 MF in early Jan. Once the sale goes through would i be able to join Interval and bank the 2021 week to be used in the future/next year? Thanks for any advice.

I had this same situation two years ago. I was buying a EOY on the same usage year and they had not reserved that year yet. I had them reserve whatever they could as part of the agreement. We closed in June so there wasn't much left BUT what I did get I rented out So I considered it a win or help with the fees. I could have deposited it in II but preferred to rent it out.

 

[bendadin]

Thanks. I might just hold off until a 2022 next use comes available. Fees & 2 years of MFs are adding up. Or look for an Every Other Year where next use is 2022 or even 2023. Just to get my foot in the door with Marriott & Interval and learn the ropes. These threads are so informative & I appreciate everyone’s advice.

That was my plan. I was excited to get a Marriott and II. Now I still have no account and I am going to lose my odd year week because I can't seem to get this account set up. So yeah, MF for a week that I don't get pretty much stinks. I never thought when I purchased something in December that it still wouldn't be in many months later.