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First MVC closing - question on odd/even weeks

Olienh

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Hi everyone! After studying these forums for three years I have the closing paperwork in-hand for a MOC resale. It is a 2BR annual OV in the original phase. On the paperwork it lists two timeshare interests; one for even years and one for odd years. Each Interest lists a different apartment number and week number, but it DOES indicate that each is floating. I guess in the end this ends up being a floating annual week. Is this way annual weeks are normally set up? I am just checking to see if this is fishy at all before I wire money. Thanks!
 

vacationtime1

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My Waiohai "week" is the same, although I have two deeds, one for the even year, the other for the odd year.

There are two additional costs to this arrangement: an extra set of closing costs for the second deed (which you may not have, as described), and an extra $20/week/year charged for billing the eoy's.
 

TXTortoise

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I guess one of the upsides is that it gives you the option to sell the even or odd year in the future if your ownership/use plans change. I'd manage it as two ownerships EOY and not think of it as an annual. Can't visualize a big difference, but you own two weeks, not one.

I know some on TUG have purchased two EOY for Maui on purpose, so maybe they will chime in as to why, other than just trying to get an annual week.
 

frank808

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Disney Vacation Club (Aulani,SSR,VGC,VGF) Hilton Grand Vacation Club(Bay Club, Kohala Suites, The District) Marriott Vacation Club (Aruba Surf Club, Grand Residence, Grand Chateau, Grand Vista,Harbour Lake, KoOlina,Willow Ridge & DC points)
I guess one of the upsides is that it gives you the option to sell the even or odd year in the future if your ownership/use plans change. I'd manage it as two ownerships EOY and not think of it as an annual. Can't visualize a big difference, but you own two weeks, not one.

I know some on TUG have purchased two EOY for Maui on purpose, so maybe they will chime in as to why, other than just trying to get an annual week.

Probably wants to stay for 2 weeks every other year rather than 1 week annually. Makes flying a little cheaper as you are only paying for a ticket every other year. Sometimes one week is not enough and you start to unwind on the 7th day. Now you have another 7 days to really relax.

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Dean

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Probably wants to stay for 2 weeks every other year rather than 1 week annually. Makes flying a little cheaper as you are only paying for a ticket every other year. Sometimes one week is not enough and you start to unwind on the 7th day. Now you have another 7 days to really relax.

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We have this setup up but for different resorts. Two EOY weeks both even, one Ko Olina and one Kauai.
 

ljmiii

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Is this way annual weeks are normally set up? I am just checking to see if this is fishy at all before I wire money. Thanks!
Fishy, no. Some people buy an EOY to test the waters and then 'fill in' with the opposite year when they decide they like the resort. Having separate contracts is quite common in DVC for a number of reasons - adding on, easier to sell, the ability to bequeath to two children - but I'm not sure how much of that applies to MVC.

The only real downside I can think of is that if you ever took MVC up on their offer to enroll those weeks they count as two not one.
 

Dean

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Fishy, no. Some people buy an EOY to test the waters and then 'fill in' with the opposite year when they decide they like the resort. Having separate contracts is quite common in DVC for a number of reasons - adding on, easier to sell, the ability to bequeath to two children - but I'm not sure how much of that applies to MVC.

The only real downside I can think of is that if you ever took MVC up on their offer to enroll those weeks they count as two not one.
I'm pretty sure they count EOY as 1/2 for purposes of enrollment.
 

ljmiii

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I'm pretty sure they count EOY as 1/2 for purposes of enrollment.
Nope. Or at least they didn't. My two EOY Waiohai weeks counted as two.

Both when MVC introduced the program (I asked and passed on the 'resale, two or more weeks price') and then later when MVC did a 'road show' in NY and offered a deal on enrolling weeks in 2015 (which I took).
 
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Dean

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Nope. Or at least they didn't. My two EOY Waiohai weeks counted as two.

Both when MVC introduced the program (I asked and passed on the 'resale, two or more weeks price') and then later when MVC did a 'road show' in NY and offered a deal on enrolling weeks in 2015 (which I took).
I've seen others report that two EOY counted as one for enrollment purposes but YMMV.
 

ljmiii

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I've seen others report that two EOY counted as one for enrollment purposes but YMMV.
I have two evens...so maybe if you have an odd and an even for the same unit at the same resort???
 

frank808

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When I enrolled my weeks MVC each EOY was counted as 1/2 a week.

Maybe the sales person was uninformed? I would not be buying those points if an EOY was counted the same as an annual week.

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Dean

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I have two evens...so maybe if you have an odd and an even for the same unit at the same resort???
As Frank said, it's more likely you were simply given wrong information and had you checked into it enough at the time, you likely could have enrolled those as one.
 

Olienh

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I appreciate all the feedback folks! It’s great to learn from so many experienced TUGgers here!
 
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