Hello everyone. We recently purchased HGV from the developer, but between the high price and some family drama, decided to rescind. However, we've enjoyed enough marketing stays to catch the timeshare bug, and we think it's definitely something that could improve our family vacations. One of the concerns I had about week vs. points systems was that I was drawn to the idea of having a "home resort" so we would always have a backup option with minimal planning, but didn't have a permanent location in mind. On the one hand, Las Vegas is the single most reliable destination we frequent; on the other, we have a baby and are planning for a 2nd, so we're not exactly at the optimal stage of life to commit to annual Vegas trips. As for more local destinations, I didn't want to commit to any specific resort because I don't know for sure if we will live here in the long run.
I posted these concerns in the more general beginner forums, and that's when the suggestion to look into WorldMark came up. The biggest differentiator is the Marina Dunes resort near Monterey, which is a beach destination within driving distance of where we live. There are also not very many timeshare resorts in the area. Assuming it's easy enough to book, I think that checks a lot of boxes, because it gives us a local, family-friendly option, but also the ability to transition to more far-flung destinations as the kid(s) grow older. It also seems like WorldMark is a relatively simple/beginner-friendly points system, although feel free to correct me if I'm wrong. Anyway, that brings me to my questions:
Thanks! I'm sure I will have more questions as I learn more, but I think these are sufficient for now.
Edit: Just remembered another important question. It looks to me from some of the sticky posts that maintenance fees are the same across similarly-sized point contracts. However, when looking at resale listings, I noticed the maintenance fees aren't always consistent. Are those just errors in the listings? Should I assume the tables in the sticky posts apply across the board, or are there indeed different maintenance fees for different contracts of the same size?
I posted these concerns in the more general beginner forums, and that's when the suggestion to look into WorldMark came up. The biggest differentiator is the Marina Dunes resort near Monterey, which is a beach destination within driving distance of where we live. There are also not very many timeshare resorts in the area. Assuming it's easy enough to book, I think that checks a lot of boxes, because it gives us a local, family-friendly option, but also the ability to transition to more far-flung destinations as the kid(s) grow older. It also seems like WorldMark is a relatively simple/beginner-friendly points system, although feel free to correct me if I'm wrong. Anyway, that brings me to my questions:
- Am I correct in understanding that there are no "home resorts" or priority booking windows, and everyone has access to the same availability 13 months out?
- How easy is it to book the Marina Dunes resort in particular? I realize it wouldn't be guaranteed like a deeded week, but the main thing I want to avoid is having to be in a frenzy refreshing the web site the minute it opens up 13 months in advance only to find nothing's available. My perception is that this isn't the case for that particular resort, as it's a relatively modest 10k red week, but I am obviously not familiar with the quirks of booking with WM points.
- Speaking of points, are the point values fixed? In other words, is that 10k red week always going to be 10k, or can they adjust the values each year?
- Speaking of availability, is there the risk of WM "overbooking" by selling too many points, or are the point pools fixed upon creation of the resorts? Obviously the hottest destinations and weeks will be harder to book, but I just want to avoid the situation where I buy something only to find I can never book anything.
- I believe there are fees to roll over points to the next year, but I didn't see any mention of fees to borrow from a future year. Are there? If not, am I correct in understanding that this can make a smaller point contract more flexible? For example, I know the week I want to book is usually 10k, so I get a 10k contract, but there are some destinations where a similar week might be 11k; if borrowing is free, I can just pull the extra 1k forward, leaving me 9k next year, but then I can just pull the next next year's points forward as well, and just keep doing that to make up any shortfall until we're left with a 0 year as a remainder, which is hardly the end of the world because you got full usage of the points you paid for. This sounds much more attractive to me than points systems where you're always penalized for moving small amounts of points between years.
- I read something in another post about "premium" contracts, but it didn't provide much detail. Is that something I should be concerned with?
- Speaking of contracts, my understanding is that multiple contracts will be more expensive than a single contract with the same point total due to base fees. However, one thing I don't understand is whether or not multiple resale contracts pool their points together in a single account for booking purposes, or if you have to make separate reservations using them as separate point pools subject to all the individual restrictions. The reason I ask is that if we decide to move forward, I could see us just going ahead with a single 20k contract to get 2 housekeeping credits and minimize the cost/complexity of booking 2 annual vacations and/or 1 vacation with a higher point cost. My initial inclination was to look at a 10k contract, but if there's a good chance we end up wanting more so we can invite relatives, stay in higher accommodations, etc., the 20k might just make our lives easier.
- I don't think we'd be looking to do exchanges right away upon purchasing, as it's primarily for personal use based on the list of available resorts in the program, but my understanding is that it's possible to pay a fee to join an exchange (RCI? II?). Does that need to be decided at the time of purchasing a resale contract, or can that be done in a future year when we decided to look into those opportunities?
Thanks! I'm sure I will have more questions as I learn more, but I think these are sufficient for now.
Edit: Just remembered another important question. It looks to me from some of the sticky posts that maintenance fees are the same across similarly-sized point contracts. However, when looking at resale listings, I noticed the maintenance fees aren't always consistent. Are those just errors in the listings? Should I assume the tables in the sticky posts apply across the board, or are there indeed different maintenance fees for different contracts of the same size?
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