Marriott Grande Vista Platinum Week-sell or give back?

[Kberliner]

My dad owned a Marriott platinum week at the Grande Vista 2BR with lockout. My dad passed away recently and we are trying to decide what to do with it. Maintenance fees are due at the beginning of January so we were thinking of just calling Marriott to see if they would just take it back (refuse the inheritance?). Is it worth attempting to sell? Or should we just try to do a deed back with Marriott? We are really lost with all this timeshare stuff and with the maintenance fees close to $2000 we just don’t think it is worth keeping.

 

[jwalk03]

It has some value; particularly if its a Florida Club week. Maybe $1500-$2000 or so.

I would be interested in taking it off your hands- but it wouldn't transfer in time to be useful for 2025, so only for a 2026 start which would mean you would have to pay the 2025 fees and use the week (or exchange it).

I assume your father bought it from Marriott and its an enrolled week so you could always elect for points and use those to travel somewhere else.

 

[GTLINZ]

Sorry to hear about your loss.

This is my opinion and not legal advice. I have been an executor before myself.

To close the estate, the executor will need to settle all debts even if nobody accepts the timeshare (nobody has to accept property they don't want).

But i agree, this one has some value and you should be able to minimize the impact. So it seems to me you are (the estate is) going to have to pay the 2025 MFs anyway since they will be due soon.

The unit had more value a few years ago before all of the hurricanes in FL and reserves having to be increased, and the estimate from jwalk03 sounds reasonable - which is close to the MF owed. You can try to sell it and ask for MFs to be covered. Or you can try and take the path of least resistance and give it away here on TUG and ask for the MF to be reimbursed and the closing costs covered. If nobody takes it after a few months, then back off on the reimbursements - but being a lockoff that is a known great Marriott trader in Interval, I believe some Tugger will be glad to take it off of your hands. The "buyer" should be able to get some use out of it in later in 2025, even if they put it into Interval.

There is a closing company named LT transfers that is pretty reasonable (around $400?). Do some searches and see what others say - you should find plenty of hits. Using a reputable closing company should minimize the risks on both sides.

You will get more feedback also if you post in the Marriott subforum.

 

[dioxide45]

If it isn't in a trust, Marriott won't take it back directly form an estate. It will need to first be transferred to a living person before they will take a deed back.

That said, selling it is an option, but it will likely require probate if it isn't in a trust. That will add time and expense to the process.

 

[claraj]

Wondering even though it's not lock off, can you trade through FL club for a lock off and then deposit that as 2 weeks to trade in II?

 

[dioxide45]

Wondering even though it's not lock off, can you trade through FL club for a lock off and then deposit that as 2 weeks to trade in II?

Grande Vista can be locked off. One can also make a Florida Club reservation for a studio and one bedroom and deposit those into II.

 

[claraj]

Grande Vista can be locked off. One can also make a Florida Club reservation for a studio and one bedroom and deposit those into II.

I think I get it now. Even though this ownership is not for a lock off, you may be able to reserve a lock off based on availability.

 

[dioxide45]

I think I get it now. Even though this ownership is not for a lock off, you may be able to reserve a lock off based on availability.

Yeah, it doesn't really matter the specific type of unit that is deeded. Within the floating unit system the OP could still lock off at Grande Vista.

 

[GTLINZ]

My dad owned a Marriott platinum week at the Grande Vista 2BR with lockout.

It sounded like a lockoff to me.