MVC - Maui Ocean Club legacy week owner - convert to points?

[g8rfn]

Hi everyone,

My parents bought a legacy floating week, with every other year usage (odd years) many years ago at the Maui Ocean Club. Growing up as a kid was AWESOME, and now that we have our own kids, it is STILL awesome. But, now living in NC, we definitely don't have the $$$ to go to Hawaii every other year, and our kids like to diversify our vacations anyway. We also have 1000 points as well with MVC.

I am relatively new to controlling / planning all this stuff but I have officially been passed the ownership and am trying to decide what / how we should structure it going forward. Recently, I made the mistake of sitting down with the MVC sales team on a trip to Hilton Head, and all they wanted to do was confuse me with a convoluted mess and try to sell me $35,000 worth of more points which would somehow roll my legacy week into points as well to where we would have about 6,250 points (including the 1000 we already own) every year, as opposed to having the legacy week we can trade out of every other year.

I know that's a very bad idea for SO many reasons... but, i am interested in the part about potentially converting our legacy week into points. Marriott claims there is "no longer a way to do this directly" and was very adamant that the best way was this deal they were offering me? They mentioned they offered a conversion for a short period when the points system first rolled out, but it was no longer allowed. And, I know we would go to Hawaii occassionally, but definitely feel like it would be easier to manage / make reservations if everything was already points and i didn't have to worry about "electing" points for my week, etc.

We own a 2BR OceanFront floating week. From what I can tell... if we "elect" the points every other year, we get 6450 in exchange. We have 1000 yearly points as well, so roughly as is.... we would have 8450 every two years to use, or 4225 if we split it evebnly annually by pushing / pulling points.

My question is... isn't there a better way? Unless I am crazy, it looks like Maui Ocean Club is actually a resort that retains some decent resale value. I see our exact unit listed on redweek for between 10k-12k. Even if we only got 8K after fees, etc. Wouldn't it be better to sell the legacy week and then use the 8k to buy a bunch of points on the resale market? I could likely wind up with more points to use annually than my current situation AND maybe pocket a little cash while I am at it?

Am I crazy? What am I missing / not thinking of? Has anyone taken this approach?

 

[davidvel]

Hi everyone,

My parents bought a legacy floating week, with every other year usage (odd years) many years ago at the Maui Ocean Club. Growing up as a kid was AWESOME, and now that we have our own kids, it is STILL awesome. But, now living in NC, we definitely don't have the $$$ to go to Hawaii every other year, and our kids like to diversify our vacations anyway. We also have 1000 points as well with MVC.

I am relatively new to controlling / planning all this stuff but I have officially been passed the ownership and am trying to decide what / how we should structure it going forward. Recently, I made the mistake of sitting down with the MVC sales team on a trip to Hilton Head, and all they wanted to do was confuse me with a convoluted mess and try to sell me $35,000 worth of more points which would somehow roll my legacy week into points as well to where we would have about 6,250 points (including the 1000 we already own) every year, as opposed to having the legacy week we can trade out of every other year.

I know that's a very bad idea for SO many reasons... but, i am interested in the part about potentially converting our legacy week into points. Marriott claims there is "no longer a way to do this directly" and was very adamant that the best way was this deal they were offering me? They mentioned they offered a conversion for a short period when the points system first rolled out, but it was no longer allowed. And, I know we would go to Hawaii occassionally, but definitely feel like it would be easier to manage / make reservations if everything was already points and i didn't have to worry about "electing" points for my week, etc.

We own a 2BR OceanFront floating week. From what I can tell... if we "elect" the points every other year, we get 6450 in exchange. We have 1000 yearly points as well, so roughly as is.... we would have 8450 every two years to use, or 4225 if we split it evebnly annually by pushing / pulling points.

My question is... isn't there a better way? Unless I am crazy, it looks like Maui Ocean Club is actually a resort that retains some decent resale value. I see our exact unit listed on redweek for between 10k-12k. Even if we only got 8K after fees, etc. Wouldn't it be better to sell the legacy week and then use the 8k to buy a bunch of points on the resale market? I could likely wind up with more points to use annually than my current situation AND maybe pocket a little cash while I am at it?

Am I crazy? What am I missing / not thinking of? Has anyone taken this approach?

When did your parents buy the week? Has title been transferred to you?

In either case since "you" already have points there is NO reason to buy more. You can rent as many as you need at vacationpointexchange.com for around the same cost as maintenance fees, with ZERO upfront cost.

 

[g8rfn]

Yes, transferred. I'm gonna guess they bought it in 2007ish?

I'm aware there are many other options to get additional points when needed. But, I'm more just interested in whether there are easier / more efficient ways to convert the deeded week to points? Or, should I just continue to elect the points through the Marriott system if I am not going to Hawaii that year.

Or, are u saying you would just sell the deeded week and always rent? That's an option too. We love many of the resorts and I don't mind all the "value" arguments against timeshares in general. I just want it to be 1) easy to manage and 2) as efficient and advantageous for us as possible.

I'm guessing we will MAYBE go to Hawaii every 8 years as opposed to every other year like we used to.

 

[5finny]

Just my opinion
Highest and best use of any Marriott/Vistana Hawaii week is Hawaii use.
Ocean Front is the creme de la creme
That means personally using or to a lesser extent renting
I dislike renting and am really not very good at it
You could try renting the week and using the proceeds to rent something else

Ocean Front Hawaii weeks seem to have held their value better than most--that said I get the feeling that the market , even in Ocean Front Hawaii weeks, has really slowed
Again just my opinion but I think this is a combination of:
1) Maintenance fees going up and rental prices coming down
2) Travel in general slowing
3) The Maui fire

Not quite sure what the best answer is but it is a nice problem to have as problems go

 

[mjm1]

Yes, transferred. I'm gonna guess they bought it in 2007ish?

I'm aware there are many other options to get additional points when needed. But, I'm more just interested in whether there are easier / more efficient ways to convert the deeded week to points? Or, should I just continue to elect the points through the Marriott system if I am not going to Hawaii that year.

Or, are u saying you would just sell the deeded week and always rent? That's an option too. We love many of the resorts and I don't mind all the "value" arguments against timeshares in general. I just want it to be 1) easy to manage and 2) as efficient and advantageous for us as possible.

I'm guessing we will MAYBE go to Hawaii every 8 years as opposed to every other year like we used to.

You can easily elect points for the years you don’t want to visit Hawaii and use them at other resorts. As you know, Maui provides a lot of points, so even though the maintenance fees are high you get a good value by electing points. I would keep the unit and take advantage of the flexibility you have.

 

[Pamplemousse]

Hi everyone,

My parents bought a legacy floating week, with every other year usage (odd years) many years ago at the Maui Ocean Club. Growing up as a kid was AWESOME, and now that we have our own kids, it is STILL awesome. But, now living in NC, we definitely don't have the $$$ to go to Hawaii every other year, and our kids like to diversify our vacations anyway. We also have 1000 points as well with MVC.

I am relatively new to controlling / planning all this stuff but I have officially been passed the ownership and am trying to decide what / how we should structure it going forward. Recently, I made the mistake of sitting down with the MVC sales team on a trip to Hilton Head, and all they wanted to do was confuse me with a convoluted mess and try to sell me $35,000 worth of more points which would somehow roll my legacy week into points as well to where we would have about 6,250 points (including the 1000 we already own) every year, as opposed to having the legacy week we can trade out of every other year.

I know that's a very bad idea for SO many reasons... but, i am interested in the part about potentially converting our legacy week into points. Marriott claims there is "no longer a way to do this directly" and was very adamant that the best way was this deal they were offering me? They mentioned they offered a conversion for a short period when the points system first rolled out, but it was no longer allowed. And, I know we would go to Hawaii occassionally, but definitely feel like it would be easier to manage / make reservations if everything was already points and i didn't have to worry about "electing" points for my week, etc.

We own a 2BR OceanFront floating week. From what I can tell... if we "elect" the points every other year, we get 6450 in exchange. We have 1000 yearly points as well, so roughly as is.... we would have 8450 every two years to use, or 4225 if we split it evebnly annually by pushing / pulling points.

My question is... isn't there a better way? Unless I am crazy, it looks like Maui Ocean Club is actually a resort that retains some decent resale value. I see our exact unit listed on redweek for between 10k-12k. Even if we only got 8K after fees, etc. Wouldn't it be better to sell the legacy week and then use the 8k to buy a bunch of points on the resale market? I could likely wind up with more points to use annually than my current situation AND maybe pocket a little cash while I am at it?

Am I crazy? What am I missing / not thinking of? Has anyone taken this approach?

Points resale will be about $7 each once you pay the activation fee.
That would be expensive to get 6450 points- or 3225 if you only want that many annually.

 

[alwysonvac]

If you retained your parent's original developer benefits and if their week was purchased before June 2010, then you should be able to enroll. See post below.

Log into the MVC site, go to Resources-Helpful Tools-Ownership Webinar, then scroll to the very last webinar shown. The fine print above the video says this....
Owners who reside in the U.S. whose weeks were purchased by June 20, 2010, will be offered free enrollment in the Marriott Vacation Club Destinations Exchange Program after viewing this entire presentation.

A transfer made from parent to child it will retain all original benefits if the proper documentation was completed (Marriott Domestic External Transfer Packet Form??).

Transferring ownership to a family member

I want to transfer ownership to a family member who owns Marriott timeshare. I own at the surf club. Can I call Marriott to make the transfer or do I have to go through a lawyer to do so.

tugbbs.com

 

[g8rfn]

You can easily elect points for the years you don’t want to visit Hawaii and use them at other resorts. As you know, Maui provides a lot of points, so even though the maintenance fees are high you get a good value by electing points. I would keep the unit and take advantage of the flexibility you have.

That's what I was noticing... the MOC point value when u elect through the existing system gives me 6450 which (comparitively to many many other resorts) is really quite good. I think the maintenance fees on the deeded week are also a little lower. So, that, and based on all the other great feedback here has me leaning towards leaving it alone.

 

[davidvel]

Yes, transferred. I'm gonna guess they bought it in 2007ish?

I'm aware there are many other options to get additional points when needed. But, I'm more just interested in whether there are easier / more efficient ways to convert the deeded week to points? Or, should I just continue to elect the points through the Marriott system if I am not going to Hawaii that year.

Or, are u saying you would just sell the deeded week and always rent? That's an option too. We love many of the resorts and I don't mind all the "value" arguments against timeshares in general. I just want it to be 1) easy to manage and 2) as efficient and advantageous for us as possible.

I'm guessing we will MAYBE go to Hawaii every 8 years as opposed to every other year like we used to.

I would keep the deeded week. It is the cheapest way to go to Hawaii. I am not sure if you saw alwysonvac's post. The salespeople were flat out ripping you off and lying. Any purchase prior to 6/2010 allows for free enrollment. You then have the option every other year to exchange for points. You do not need to buy more, you do not need to pad salesperson's wallet, they are flat out liars trying to defraud you.

Again, points (even through your week) are an expensive way to travel. If I were you I would simply enroll the week for free (see instructions from fasttr in alwysonvac's post). Don't buy anything. Don't sell anything. Then call the salesperson and ask them why they are trying to commit fraud.

 

[g8rfn]

Points resale will be about $7 each once you pay the activation fee.
That would be expensive to get 6450 points- or 3225 if you only want that many annually.

Thanks all! THIS is the info I was looking for. Perhaps I didn't use the correct terminology, but yes, we have already enrolled and are able to elect points when we want. My question was more two-fold... 1. I'm certain they undervalue the points significantly when u elect? and 2. Is there a better / more efficient way to get more points than what they offer by selling our deeded week.

What I DIDN'T understand, is that they charge MASSIVE transfer fees after you buy the second hand points that make it WAY more expensive than it looked on first glance.

So, yes, seems like we should just stick with what we got. Thanks ALL so much for your info and time in helping me understand.

 

[Pamplemousse]

Thanks all! THIS is the info I was looking for. Perhaps I didn't use the correct terminology, but yes, we have already enrolled and are able to elect points when we want. My question was more two-fold... 1. I'm certain they undervalue the points significantly when u elect? and 2. Is there a better / more efficient way to get more points than what they offer by selling our deeded week.

What I DIDN'T understand, is that they charge MASSIVE transfer fees after you buy the second hand points that make it WAY more expensive than it looked on first glance.

So, yes, seems like we should just stick with what we got. Thanks ALL so much for your info and time in helping me understand.

For 1 if you mean you get less points when you elect your week than you would need to book that exact reservation the answer is yes- it’s often referred to as ‘the skim’.
The transfer/enrollment fees are $3/ point. I read $3-$4/ point often passes rofr- that’s why I said $7. Still much less than direct, but very costly to match the points you can elect from your week.

But I think owning an enrolled week is really the best option within MVC- you can stay your ownership, elect points, exchange via II taking advantage of in brand priority, do cash rental of your home reservation or the points- lots of options. Gives you flexibility through different stages of life too.

 

[Dean]

Thanks all! THIS is the info I was looking for. Perhaps I didn't use the correct terminology, but yes, we have already enrolled and are able to elect points when we want. My question was more two-fold... 1. I'm certain they undervalue the points significantly when u elect? and 2. Is there a better / more efficient way to get more points than what they offer by selling our deeded week.

What I DIDN'T understand, is that they charge MASSIVE transfer fees after you buy the second hand points that make it WAY more expensive than it looked on first glance.

So, yes, seems like we should just stick with what we got. Thanks ALL so much for your info and time in helping me understand.

You may be able to buy a good week retail that will cost around $7-8 PP AND have cheaper fees than the points would. Or you could look at a bundle with a resale week and retail purchase that will likely be even better. You could even buy a week resale then buy a week to enroll and do somewhat better still. None of these options are cheap though but some are better than others. Or you could rent points privately transferred to you as needed.

 

[g8rfn]

You may be able to buy a good week retail that will cost around $7-8 PP AND have cheaper fees than the points would. Or you could look at a bundle with a resale week and retail purchase that will likely be even better. You could even buy a week resale then buy a week to enroll and do somewhat better still. None of these options are cheap though but some are better than others. Or you could rent points privately transferred to you as needed.

That's another question I had... If we were to buy another week (to add more flexibility / points) from the resale market, is it automatically enrolled (since we are already enrolled)? Or do you have to enroll each week separately? And is it $250 per week to be enrolled? So many questions.... Lol

 

[Dean]

That's another question I had... If we were to buy another week (to add more flexibility / points) from the resale market, is it automatically enrolled (since we are already enrolled)? Or do you have to enroll each week separately? And is it $250 per week to be enrolled? So many questions.... Lol

The current program requires a a retail purchase to enroll any resale week whether it be one bought on your own or one bought through MVC in their resale pool. Buying points it's 3000 pts to enroll one week up to 7000 to enroll 5 weeks. 5 weeks is the most that can be combined with any single purchase no exceptions like a few years ago at least so far and the internal paperwork says no exceptions. To enroll with an Aruba or St. Kitts purcahse there are dollar spend requirements that mimic the discounted price of the points but give you more options and potentially lower fees. St. Kitts recently had a special that was $27500 for a Platinum week yielding 3650 points. Spain weeks have been the best deals lately as a purchase enrollment option. The benefit of buying a resale week then a retail purchase to enroll it includes the fact you can get the best week possible for your needs and/or the best wet for points and fees but delays in getting things completed and the fact that there are no guarantees of what your options would be once you had the resale week in hand add risk. Historically the sales reps could drag out the retail closing to allow time for the week to be in your account but I don't know if this is still the case. No matter how you look at it, it's expensive and considerably more than it was a few years ago. I have a reputable rep I can put you in contact with for Aruba/St. Kitts and for Spain. US resorts can't sell these retail weeks, only points.

 

[Pamplemousse]

That's another question I had... If we were to buy another week (to add more flexibility / points) from the resale market, is it automatically enrolled (since we are already enrolled)? Or do you have to enroll each week separately? And is it $250 per week to be enrolled? So many questions.... Lol

250 is yearly club dues which includes your II membership.
Enrolling a resale week requires a significant direct points purchase.
I would encourage you to embrace what you currently own and take time to learn how to use it and all the options you have and see it how it works for your family before you buy or sell anything.

 

[davidvel]

That's another question I had... If we were to buy another week (to add more flexibility / points) from the resale market, is it automatically enrolled (since we are already enrolled)? Or do you have to enroll each week separately? And is it $250 per week to be enrolled? So many questions.... Lol

No it is well over $30,000 additional spend to enroll one week. You are already enrolled though, why would you ever buy more points when you can rent what you need with no upfront costs?

 

[Bill4728]

No it is well over $30,000 additional spend to enroll one week. You are already enrolled though, why would you ever buy more points when you can rent what you need with no upfront costs?

Good Advice! If you need more points, you can rent them from a current owner for less than the MFs which more MVC points would charge yearly.