Marriott Deed Transfer Timing Update

[VacationForever]

I think the 10% management fee covers very little from a resort and HOA standpoint. Almost all costs at the administrative level are built into the individual line items at the resort; HR, accounting, etc. The 10% is pure profit but might cover executive salaries. Though much of that probably comes out of timeshare contract sales.

Which is my point, isn't it? The 10% management fees covers everything in the corporate office, in which title transfer is one of them, when it costs more than $25 to handle title transfer.

 

[Dean]

May 1st for my MGV purchase. New owner trying to read all can how it works. I just found out the seller can make a reservation for you. Can that be changed after the transfer to Marriott if you see a better week later?

Generally individual owners will make a reservation for you but I've seen times when the sale was controlled or owned by a broker who refused to do so. Also make sure your contract specifies you get the week and double check the week is still available. It's not that uncommon that a seller has elected points or exchanged even after the sale is finalized so just be aware esp since you'll be responsible for the 2025 fees either way. I've seen this happen a number of times over the years and far more in the last couple of years than previously.

 

[dioxide45]

Which is my point, isn't it? The 10% management fees covers everything in the corporate office, in which title transfer is one of them, when it costs more than $25 to handle title transfer.

But I am saying that the management fee doesn't cover everything in the corporate office. The 10% management fee covers very little, if any, HOA administrative expenses.

 

[vacationtime1]

Title transfer/recording is just part of the timeshare business. The real cost may be $100 to do so, but then that's what the 10% management overhead that is charged will cover. You cannot be a timeshare management company without having the ability to change title.

This ^^^^^^

The reservations department is not a profit center for Marriott; neither is housekeeping. But if you're going to run a timeshare, you need to do these things. Ditto for transferring ownership.

90 days to transfer ownership is incompetence. Like Marriott's IT. (Just calling it like it is.)

 

[vacationtime1]

I think the 10% management fee covers very little from a resort and HOA standpoint. Almost all costs at the administrative level are built into the individual line items at the resort; HR, accounting, etc. The 10% is pure profit but might cover executive salaries. Though much of that probably comes out of timeshare contract sales.

But I am saying that the management fee doesn't cover everything in the corporate office. The 10% management fee covers very little, if any, HOA administrative expenses.

Do you know this or are you speculating?

The budget summaries we receive annually do not have sufficient detail to make these determinations; do you have other sources of information?

 

[dioxide45]

Do you know this or are you speculating?

The budget summaries we receive annually do not have sufficient detail to make these determinations; do you have other sources of information?

I don't, but I could ask the same question to you. My point is, we shouldn't simply assume that the 10% management fee covers these types of things that are done for the HOA

 

[Dean]

I don't, but I could ask the same question to you. My point is, we shouldn't simply assume that the 10% management fee covers these types of things that are done for the HOA

It would make sense that transfers are pay to play and a lower priority for the management company, esp since every single transfer is a potential lost retail sale even the buyer says they'd never buy retail.

 

[Fido Chuckwagon]

I wouldn't go that far. Wyndham's are taking so long that LT Transfers refuses to even do them anymore!!

None of my Wyndham deeds (one of which closed pretty recently) took this long. 90 business days is 4 months.

 

[ORANGECRUSH]

you are looking at weeks..not points..correct? well the owner said it was too late to book july 4th week which is what we wanted for July 2025. He got us july13th - 20th. i also wanted presidents week but I assumed if it was too late for the 4th.... it was too late for february?....Guess i will have to just wait patiently......

 

[jwalk03]

you are looking at weeks..not points..correct? well the owner said it was too late to book july 4th week which is what we wanted for July 2025. He got us july13th - 20th. i also wanted presidents week but I assumed if it was too late for the 4th.... it was too late for february?....Guess i will have to just wait patiently......

July 4th at Grande Vista? It was wide open when I looked yesterday. At least for a 2-bedroom unless you are buying a 3-bedroom which I don’t own.

Yes I only own weeks not points.

 

[ORANGECRUSH]

well darn......I was going to book a high TDI week so i could trade into Hawaii. The week he booked looked like TDI 130 or 135. 2 br lockoff. In your expertise opinion since Im a newbee.....should I call back and have them change it? I not a fan of working indirectly with people. The TDI chart is kinda confusing to me when the holiday is close to the weekend. Ye s i bought a 2 BR lockoff. I have the deed but waiting for my name to get into Marriott system so I can call and ask all these questions. We were supposed to have it by now!!

 

[dioxide45]

well darn......I was going to book a high TDI week so i could trade into Hawaii. The week he booked looked like TDI 130 or 135. 2 br lockoff. In your expertise opinion since Im a newbee.....should I call back and have them change it? I not a fan of working indirectly with people. The TDI chart is kinda confusing to me when the holiday is close to the weekend. Ye s i bought a 2 BR lockoff. I have the deed but waiting for my name to get into Marriott system so I can call and ask all these questions. We were supposed to have it by now!!

That will be more than sufficient for a Hawaii trade. The Marriott priority is what is most important.

 

[ORANGECRUSH]

I guess I need to do some more questioning ......We are going to Hawaii in early January. I know 6 months out hurts. But does Marriott priority still help at that point? I already have paid reservations on Oahu that refundable up to one week before checkin. i just thought if i got lucky I could swap it out. Which means I dont have much flexibiltiy in dates also. I wil def find another date for another vaca if I dont get anything but thought it was worth a try!!

 

[claraj]

Slightly off topic but relevant to owners who bought traders... Do we have to ask MVC to "add" new weeks to our Interval accounts?

 

[VacationForever]

Slightly off topic but relevant to owners who bought traders... Do we have to ask MVC to "add" new weeks to our Interval accounts?

You call II to add a resale MVC week to a personal II account and you will either have to pay to add the week or pay to extend your II membership and add the week for free.

 

[dioxide45]

Slightly off topic but relevant to owners who bought traders... Do we have to ask MVC to "add" new weeks to our Interval accounts?

If they are resale weeks, you need to call II to add the week to your account. These can't be added to a MVC Abound Corp II account. They require their own individual II account. There is a fee to add a new week to an II account though they will waive the fee if you do some other transaction such as extend your membership or upgrade/renew II Gold or Platinum membership.

 

[jwalk03]

I guess I need to do some more questioning ......We are going to Hawaii in early January. I know 6 months out hurts. But does Marriott priority still help at that point? I already have paid reservations on Oahu that refundable up to one week before checkin. i just thought if i got lucky I could swap it out. Which means I dont have much flexibiltiy in dates also. I wil def find another date for another vaca if I dont get anything but thought it was worth a try!!

Marriott preference is always still helpful. January isn't super high demand, especially the first 3 weeks so you may be successful, but its not a slam dunk by any means with such a short time frame. When was the final deed sent to Marriott to be transferred? They are taking 60+ business days lately it seems.

I agree with dioxide45 though- there is no reason to try and change it. The week you have will have the necessary trade power if the inventory becomes available in Interval. Especially since I am going to guess the most likely way you get what you want will be in the flexchange window.

 

[deniseh]

We just closed on an EOY DSV 2 week for 2025. Closing agent sent an email that Marriott can take 120 days to transfer ownership. The seller did make a 2025 reservation which we will most likely keep and use. We purchased one last year and we were told 90 days then but it went through in about 6 weeks. So we will see…

 

[ORANGECRUSH]

May 1st we closed and paperwork sent to Marriot. I counted 60 business day being Juy 17th......

 

[jwalk03]

May 1st we closed and paperwork sent to Marriot. I counted 60 business day being Juy 17th......

I think your count is off. You cant include weekends or holidays. May 1st plus 60 business days gets you to July 26th without weekends and the 3 federal holidays in there. That's likely your best case scenario.

 

[Michigan Czar]

My latest purchase took 69 business days and completed on July 10. We used LT and they told me at around business day 60 Marriott was telling them 90 business days going forward.

 

[ORANGECRUSH]

I think your count is off. You cant include weekends or holidays. May 1st plus 60 business days gets you to July 26th without weekends and the 3 federal holidays in there. That's likely your best case scenario.

yup.i counted wrong!

 

[LuvScience]

Once you have the deed in your name are you able to at least establish your interval international account? Or do you have to wait for Marriott to finish processing it first? We are getting ready to purchase a resale week and I’m not thrilled with the idea of waiting 5-6 months to be able to get access to it- seems crazy in this day and age. At least if we could start accessing interval getaways while we are waiting we might feel better about it. Thanks!

 

[jwalk03]

Once you have the deed in your name are you able to at least establish your interval international account? Or do you have to wait for Marriott to finish processing it first? We are getting ready to purchase a resale week and I’m not thrilled with the idea of waiting 5-6 months to be able to get access to it- seems crazy in this day and age. At least if we could start accessing interval getaways while we are waiting we might feel better about it. Thanks!

You have to wait on Marriott to complete the transfer first. Then you have to call interval to have the week added to your account (the interval part is pretty quick. A couple of days max.)

Interval won’t let you have an account until you have an eligible ownership. (Unless you already own or have owned in the past some other interval eligible week.)

 

[Dean]

Once you have the deed in your name are you able to at least establish your interval international account? Or do you have to wait for Marriott to finish processing it first? We are getting ready to purchase a resale week and I’m not thrilled with the idea of waiting 5-6 months to be able to get access to it- seems crazy in this day and age. At least if we could start accessing interval getaways while we are waiting we might feel better about it. Thanks!

You could try to time it but until you can make a reservation it doesn't matter anyway. And if there's a week to be transferred to you, this may actually take longer than the deed availability. I would have your parameters set for exchanging so you can place a request up front if needed. This you can do even before MVC confirms the week but if they won't confirm the week it might eventually have to be redone.