Lowest offer per Abound point that you received during a presentation?

[Mlvnsmly]

Maybe because it is less hassle but more importantly a bundle could have cheaper MF per point.

For $3k that would have to be some hassle. Also, the MF/POINT for a GV Gold week might be worse than the trust. Pretty sure a 2BR Gold GV week ends up being like $.86 per point.

 

[Dean]

For $3k that would have to be some hassle. Also, the MF/POINT for a GV Gold week might be worse than the trust. Pretty sure a 2BR Gold GV week ends up being like $.86 per point.

Personally I don't see a GV Gold week as worth buying, much less paying inflated prices, unless it fits a very specific need such as one needs a 3 BR during that season. Even then often owning something for exchange and getting 2 units is a far better value.

 

[ljmiii]

Bundles at $7-$8 a pt. We were recently emailed an offer after a zoom call on April second….

My experience (which admittedly is around 5 years old now), was that if you are interested in buying a bundle you should ignore the week(s) they initially offer and ask to see everything they have. The one I chose was something of an odd duck - a Platinum 1BR GV - with good MFs per point.

 

[DRH90277]

Don't waste time on this writing as it's only about how we built our portfolio over several years amid all the "supposed great deals." A bad timeshare purchase can be a heavy near-forever burden.

Incidentally, our initial buy was 3 Newport Coast weeks in 2006 (gold, plat, & plat Jul 4th fixed week). Over the years, 13 additional weeks and some points were purchased - mostly resale and platinum weeks. We are Chairman's level, and our large family uses all of our Marriott participations.

Now, it's pretty easy to get buried in the weeds with bundles, discounts, MF's, etc. and overlook "ones individual and specific best use/need prospect at a fair price." It is too easy for me to be driven by a bargain resale on eBay, a bundle, a salesperson's deal, etc. - good or bad.

So in 2018, we took a different approach to rounding out our portfolio and just went for what we perceived as "a fair value over time to meet our needs, what we would use, easy to rent, quality resort, accessible by car, easy to recover our investment upon resale, etc." This was not intended to be perfect, but we wanted something solid. We bought 6 resale OceanWatch, platinum weeks, oceanside view in the resale market over a 4-year period, a total of about $63k. Because we have annual reunions, this has been one of our better buys.


Another thought - I purchased 6 resale Platinum OceanWatch oceanside weeks for $63,000. That $63,000 in a points purchase would not get enough points to get one of these weeks each year.

 

[DRH90277]

Be careful with bundles and the focus on the low blended price per point touted by MVC. It might be prudent to look up the market value of the offered bundled week on Redweek. Then, look at the specific week offered in terms of whether you would ever want to actually use it. One usually gets what they pay for and if it's too cheap, it might not be so valuable.

 

[Dean]

IMO there are various niche's about how people use timeshares. For MVC whether it's purchase to use, points or exchanges; there are multiple reasonable ways to structure a portfolio. For us we have weeks we own, weeks we exchange and weeks we take for points. Each gives us different options and benefits. What's best for one isn't necessarily what's best for another. Our portfolio isn't perfect but there isn't a lot I could do differently if I could magically rework things. That said, IMO, there are some unreasonable ways too approach this. Those center around retail purchases, large volume of Trust points and poor weeks for points or exchange. Often people find themselves in a given situation that isn't ideal and then they have to mitigate the damages. And IMO, a Gold GV week pretty much falls into the group of unreasonable for almost all situations and a sufficient amount of time that one could say it's never a good purchase, esp retail.

 

[Dean]

Let me expand on my thoughts on a GV Gold week, esp since I've taken some heat in the past for my opinions there. The circumstances where a Gold weeks is a reasonable choice to actually purchase IMO, is very limited. Basically one who needs a 3 BR during that season yearly and will use it almost all the time or a free week that comes enrolled is about it. The former still should be compared to an actually good exchanging week to get 2 units routinely and the roughly $700 a a year it'd cost to do so through II (lock off fee, exchange fees, II membership and unit upsize fees). This is in the context where a Platinum isn't that much more, if the spread were larger I might feel differently. If it comes enrolled but is basically free (inheritance) one can rent points. I felt this way before the fee increases and that has solidified my thoughts further. I cannot think of a situation where buying a GV Gold week directly from MVC would be reasonable unless it were free an enrolled.

 

[bazzap]

Let me expand on my thoughts on a GV Gold week, esp since I've taken some heat in the past for my opinions there. The circumstances where a Gold weeks is a reasonable choice to actually purchase IMO, is very limited. Basically one who needs a 3 BR during that season yearly and will use it almost all the time or a free week that comes enrolled is about it. The former still should be compared to an actually good exchanging week to get 2 units routinely and the roughly $700 a a year it'd cost to do so through II (lock off fee, exchange fees, II membership and unit upsize fees). This is in the context where a Platinum isn't that much more, if the spread were larger I might feel differently. If it comes enrolled but is basically free (inheritance) one can rent points. I felt this way before the fee increases and that has solidified my thoughts further. I cannot think of a situation where buying a GV Gold week directly from MVC would be reasonable unless it were free an enrolled.

Am I misunderstanding?
Aren’t all weeks bought directly from MVC free to enrol?
Certainly the last week we bought direct from MVC came with free enrollment and they also enrolled another otherwise ineligible Resale week as part of the deal.

 

[Dean]

Am I misunderstanding?
Aren’t all weeks bought directly from MVC free to enrol?
Certainly the last week we bought direct from MVC came with free enrollment and they also enrolled another otherwise ineligible Resale week as part of the deal.

Barry, you are. I was generalizing to any purchase including resale. I can't think of any circumstance where I personally feel it reasonable to buy a Gold GV week from MVC and extremely few that I think it reasonable at all. My reference to enrolling was an inheritance situation or one who already owned the week that was eligible to enroll

 

[ljmiii]

Am I misunderstanding?...Aren’t all weeks bought directly from MVC free to enroll?

No. You are (or at least were) perfectly free to buy US weeks directly from MVC that couldn't be enrolled (outside of one of the 'amnesty' periods). The only 'advantage' is that the week can be traded for Bonvoy points. It is only if you buy the US week as part of a hybrid package that enrollment is free. Or if you buy a week outside the US. And no, I have no idea what happens if you buy a Custom House week directly from MVC (since it can't be put in the trust)...;-)

 

[bazzap]

No. You are (or at least were) perfectly free to buy US weeks directly from MVC that couldn't be enrolled (outside of one of the 'amnesty' periods). The only 'advantage' is that the week can be traded for Bonvoy points. It is only if you buy the US week as part of a hybrid package that enrollment is free. Or if you buy a week outside the US. And no, I have no idea what happens if you buy an Custom House week directly from MVC (since it can't be put in the trust)...;-)

OK, ours was a European week purchase.

 

[DanCali]

The best I've seen lately is around $9 per point buying weeks in Spain which would have enrolled 2 weeks as well. Fees around 53¢ PP IIRC. A better week was EOUNS $12 PP and fees down closer to 40¢ PP and more points.

We did OK then when we bought in Marbella last year for $6.69 per point buying week, which also enrolled 1 week.

I routinely get offers from Spain for around $6pp.

Last offer I got was last month for $6.1/pt involved buying 2 Gold weeks. May also be able to enroll a resale week or even two.

 

[Dean]

I routinely get offers from Spain for around $6pp.

Last offer I got was last month for $6.1/pt involved buying 2 Gold weeks. May also be able to enroll a resale week or even two.

I've since seen better but am not at liberty to disclose further.

 

[DRH90277]

I think I'm the slow one here. Someone says they were offered $x per point and then they disclose "with the purchase of a resale." Keep in mind that resales can vary from great to even worthless. Under these scenarios, how do you know how much you are really paying per point for any comparison to another deal? What metrics are you using?

 

[Red elephant]

I routinely get offers from Spain for around $6pp.

Last offer I got was last month for $6.1/pt involved buying 2 Gold weeks. May also be able to enroll a resale week or even two.

I got offered 3 bedroom gold lockoff week at playa for $15,000 with one week enrolled. That’s $5pp.