Need a basic primer on what to do with my week

[suzsaz]

I'm sure there is a sticky somewhere with the answers, but it didn't look like one on the top.

Anyway, I "think" I'm about to close on a resale week I just purchased. I beliver the agent is trying to secure a 2014 week for me. But anyway, what are the first steps for us?

I am not interested in depositing my week with IL. My goal is to secure a week (and to do that, I've got to call Marriott, correct?) and keep it either for my own use or to rent it (like on TUG or Redweek, etc).

But, here's where I get confused. When I owned in Florida...I had to pay my next year's maintenance first (the bill usually came in October for the next year)...and I couldn't reserve my week until the maintenance was paid. So, if I wanted say, February....I still couldn't reserve it until October which was a very short window indeed.

How does that work with Marriott, etc?

Thank you all for your advice.

 

[dioxide45]

Marriott doesn't require any advance payment of MFs to make a reservation or deposit a week in to II. Your fees must only be current to make reservations.

 

[suzsaz]

Thanks! And where do I find the numbers to contact Marriott, or whatever?

 

[SkyBlueWaters]

If you log in to your account, they will all the contact information there. To register online, you need your member id.

 

[suzsaz]

Thank you. I assume I will get all of that when the "purchase" is finalized. What should I be looking for aside from the title or deed?

 

[m61376]

As you've already mentioned, have the owner reserve a week that you can use, or at least a high demand week that you can rent. The first year of ownership can be iffy in getting a desirable week, because the 12 month mark may have long passed. Keep in mind that things do open up, and once you are a recognized owner you can keep on calling to change the reservation for a $29 fee. Also, many times the reservation transfers to your name automatically when ownership changes, but sometimes you have to call to get it done.

 

[javabean]

We are also in the process of purchasing our first Marriott resale week. Once we had reached an agreement on price, but before receiving Marriott ROFR, the broker asked the sellers to request a week for 2014 that was a week we were requesting. The sellers agreed, which was very nice of them, and were able to secure a very nice week for us that we will now be able to deposit into II. We are now in the final stages of closure and transfer. Hey, the answer is alway NO, unless you ask. Good luck with your purchase.