Marriott sales presentation

[vanvanyoung]

Staying in Barony in Hilton Head and about to attend a sales presentation next week. What is a good price for points? They will not be selling fixed weeks, just points. If you think I should bailout, say so. Or, if I can get a deal, what is a good from Marriott?

 

[rickandcindy23]

There are no good deals available through Marriott. What do you hope to do with a purchase of a timeshare? Do you own already?

 

[amycurl]

Here's the standard advice:
--Don't buy from the developer. Anything that they can sell you can be had for pennies on the dollar on the resale market. This includes Abound points. When you purchase resale points, you get the same access as every other points owner. You do have to pay a $3/pt "because we can" fee on top of the purchase price of the resale points. The total will be still be far less than from the developer.

--Barony was mostly sold as seasonal weeks, not points. So there's not a ton of inventory in the Abound trust (no matter what sales tell you.) If you want to be at Barony during the spring, summer, or fall guaranteed each year, I would recommend buying a fixed week during the Platinum or Gold season on the resale market. Good places to look are here on the Marketplace, or on Redweek (if you want to avoid eBay.)

--If it's not in writing, it's probably a lie. Or "truthiness." The entire point of the presentation is to separate you from your money, not to protect your interests or educate you about the Marriott system.

--Read all the stickies here in the Marriott forum. You'll be far more educated going into the presentation, and will know the difference between fact and fiction. When the timeshare salesperson realizes this, you will probably be immediately sent to gifting. (I once got out of a Marriott presentation on HHI in less than 30 minutes with my gift after the timeshare salesman realized I knew more than he did.)

Enjoy your time on HHI--it's a great time to be there!

 

[DRH90277]

A question - Did I read here that a total non-participant in MVC timeshare weeks or points could not buy resale Abound points? What enables one to buy resale points?

 

[Fasttr]

A question - Did I read here that a total non-participant in MVC timeshare weeks or points could not buy resale Abound points? What enables one to buy resale points?

Not correct. A resale points purchase could be your first purchase.

 

[DRH90277]

Not correct. A resale points purchase could be your first purchase.

Thanks for this. The $300 education fee sounds pretty good now!

 

[davidvel]

A question - Did I read here that a total non-participant in MVC timeshare weeks or points could not buy resale Abound points? What enables one to buy resale points?

Anyone can buy resale points, at about 50% of the price MVC offers them at, including fees. Resale points with fees paid are equivalent to those bought from MVC.

 

[vanvanyoung]

Staying in Barony in Hilton Head and about to attend a sales presentation next week. What is a good price for points? They will not be selling fixed weeks, just points. If you think I should bailout, say so. Or, if I can get a deal, what is a good from Marriott?

No, I do not own timeshares, but did years ago. Enjoyed them, but was fortunate enough to sell them. Tired for the rising maintenance fees. Never was on a points system ownership. Understand it is different than the old fixed weeks, but also expensive. I am familiar with Redweek, VRBO, and AB&B. Love renting for my vacations, but thought I would hear what MVC has to say. Spoke with both disgruntled owners and satisfied ones here at Barony. Just curious if there is a certain price point that is considered the bottom.

 

[davidvel]

No, I do not own timeshares, but did years ago. Enjoyed them, but was fortunate enough to sell them. Tired for the rising maintenance fees. Never was on a points system ownership. Understand it is different than the old fixed weeks, but also expensive. I am familiar with Redweek, VRBO, and AB&B. Love renting for my vacations, but thought I would hear what MVC has to say. Spoke with both disgruntled owners and satisfied ones here at Barony. Just curious if there is a certain price point that is considered the bottom.

Yes, the bottom is about $5-7/point with all fees. I am curious why you are even considering/pondering/contemplating a purchase in the next week when you have very little information about what you are buying. Do you normally spend tens of thousands of dollars on things that you know next to nothing about?

 

[Pamplemousse]

No, I do not own timeshares, but did years ago. Enjoyed them, but was fortunate enough to sell them. Tired for the rising maintenance fees. Never was on a points system ownership. Understand it is different than the old fixed weeks, but also expensive. I am familiar with Redweek, VRBO, and AB&B. Love renting for my vacations, but thought I would hear what MVC has to say. Spoke with both disgruntled owners and satisfied ones here at Barony. Just curious if there is a certain price point that is considered the bottom.

Just say no at the presentation. Take anything they say with a grain of salt. It’s their job to sell. Come back here to fact chevk and ask questions.

Do your research before deciding to buy anything- figure out what you want to accomplish.
Read the pink sections in this forum.

You can buy weeks on the resale market to stay at in your season or exchange on II.
MVC weeks have priority to exchange into other MVC weeks on II. MVC doesn’t have an internal exchange of its own.
No points options with these weeks, they are not enrolled.

You can buy points resale. About $4/ points passes ROFR. You need pay MVC/About a $3/ point activation fee and then these points work the same as what your salesmen will have for you to buy- regardless of what then tell you. Total $7/ point. Once you have points you can rent more if you need more from time to time.

 

[AlmostRetired]

No, I do not own timeshares, but did years ago. Enjoyed them, but was fortunate enough to sell them. Tired for the rising maintenance fees. Never was on a points system ownership. Understand it is different than the old fixed weeks, but also expensive. I am familiar with Redweek, VRBO, and AB&B. Love renting for my vacations, but thought I would hear what MVC has to say. Spoke with both disgruntled owners and satisfied ones here at Barony. Just curious if there is a certain price point that is considered the bottom.

"Tired for the rising maintenance fees." MF's are continuing to increase so what has made you "untired" of rising MF. The last two years the points MF have gone up a lot.
"No, I do not own timeshares, but did years ago. Enjoyed them, but was fortunate enough to sell them". "I am familiar with Redweek, VRBO, and AB&B. Love renting for my vacations, but thought I would hear what MVC has to say". Listen all you want but when I read "Fortunate to get out" and love renting, it suggestions you should not buy anything. If you do, you seem to be setting yourself up to be a future disgruntled owner.

 

[CPNY]

Staying in Barony in Hilton Head and about to attend a sales presentation next week. What is a good price for points? They will not be selling fixed weeks, just points. If you think I should bailout, say so. Or, if I can get a deal, what is a good from Marriott?

$0.00 should do it. I think the better question would be how much is a good price per point for resale points.

 

[DRH90277]

Not correct. A resale points purchase could be your first purchase.

In post #4, I inquired about a prior non-participant being able to purchase Abound points and you replied as above.

A follow-on question - could a purchaser of only resale points and having paid the attendant MVC junk fees, achieve all levels including Chairman's level without restriction. Depending on your answer, I'll try to figure out how many points one needs to achieve the various levels.

In answering questions about purchasing Abound points in the resale market, it seems it would be helpful to know the approximate investment required to achieve the various levels.

Many thanks,

 

[TravelJoy]

Staying in Barony in Hilton Head and about to attend a sales presentation next week. What is a good price for points? They will not be selling fixed weeks, just points. If you think I should bailout, say so. Or, if I can get a deal, what is a good from Marriott?

NOPE, just smile and "waive" as the penguins say. Do not accept any offer, speak very little, and just keep repeating " I am only here for the free gifts".

 

[Fasttr]

In post #4, I inquired about a prior non-participant being able to purchase Abound points and you replied as above.

A follow-on question - could a purchaser of only resale points and having paid the attendant MVC junk fees, achieve all levels including Chairman's level without restriction. Depending on your answer, I'll try to figure out how many points one needs to achieve the various levels.

In answering questions about purchasing Abound points in the resale market, it seems it would be helpful to know the approximate investment required to achieve the various levels.

Many thanks,

Yes, a purchaser of only resale Abound points can reach any of the ownership levels, without restriction. As to how many points are needed at each level.... that can be found at the top of each column on this chart... https://www.marriottvacationsworldwide.com/common/cms/mvc/pdfs/owners/Owner-Benefit-Level.pdf

 

[ljmiii]

NOPE, just smile and "waive" as the penguins say. Do not accept any offer, speak very little, and just keep repeating " I am only here for the free gifts".

My personal favorite if they press is to respond, "I'm here for the same reason you are...Marriott is paying me!"

 

[davidvel]

In post #4, I inquired about a prior non-participant being able to purchase Abound points and you replied as above.

A follow-on question - could a purchaser of only resale points and having paid the attendant MVC junk fees, achieve all levels including Chairman's level without restriction. Depending on your answer, I'll try to figure out how many points one needs to achieve the various levels.

In answering questions about purchasing Abound points in the resale market, it seems it would be helpful to know the approximate investment required to achieve the various levels.

Many thanks,

Maybe you missed this?

Anyone can buy resale points, at about 50% of the price MVC offers them at, including fees. Resale points with fees paid are equivalent to those bought from MVC.

 

[DRH90277]

Yes, a purchaser of only resale Abound points can reach any of the ownership levels, without restriction. As to how many points are needed at each level.... that can be found at the top of each column on this chart... https://www.marriottvacationsworldwide.com/common/cms/mvc/pdfs/owners/Owner-Benefit-Level.pdf

15,000 Abound points to Chairman's level....

In a nutshell, one could go all out and buy 15,000 Abound points for $105,000 (15,000 x $7.00 all in cost per point) to achieve Chairman's status which gives them some discount benefits and a points reservation privilege to book at 13 months. It sounds pretty good, but they will still struggle to get reservations as they are in the points arena which relies very heavily on week deposits and a limited inventory of Trust owned properties for reservations. Remember, the 13-month advantage doesn't mean there will be inventory available at that moment. Those of us at any level know available inventory is short of demand for better resorts and reservations.

We like lots of Tug members are Chairman's Club level. I don't think those who know would stampede to achieve status levels by buying points. New participants might be better served by looking at alternatives including acquiring great resale weeks in great seasons and using, exchanging, renting, etc. The Abound system is ok for us (we do own points), but our owned weeks are more productive in use (and less expensive).

Good luck with your adventure....

 

[Hindsite]

In a nutshell, one could go all out and buy 15,000 Abound points for $105,000 (15,000 x $7.00 all in cost per point) to achieve Chairman's status which gives them some discount benefits and a points reservation privilege to book at 13 months.

My instinct from reading over the years is that if you have anything over $35k to put on the table you stand a decent chance of at least matching, if not bettering, resale points purchase, if you approach MVC direct. It might take a bit of waiting for the right combination deal, but it does really seem to work and I've been offered deals at around $8/club point equivalent without even pressing them.

At that level of ownership maint fee long term costs really make a difference too.