Presentation today ended with more questions than answers = Help!

[mjm1]

I'm not actually a newbie, I've been a paid TUG member since 2006 and made a bunch of posts and replies over the years. I use TUG when I need information, not as a social medium, so I have wide vacancies and until now, haven't really needed any more info that required direct answers. I so appreciate everyone's knowledge and advice. I'm asking myself hard questions. E.g. How much vacation do I want each year? How many more years will we vacation? Do I always want a villa type experience? Do I want to be locked in further to the maintenance fee type of ownership or simply rent? Do our adult children even care if they inherit our timeshare? Thanks for listening.

Good questions to ask yourself.

My DW’s aunt and uncle owned quite a bit in Diamond Resorts. Over the years they would let their adult kids use some of their ownership for trips. However, when asked if they were interested in owning any of it, they didn’t like the idea of paying the MFs. It was ok to use it when their parents were paying for it. So, the aunt and uncle got rid of their ownership, since they are now older and can’t travel like they used to. They did feel that they got their value out of it.

I don’t think our adult kids will be interested in inheriting our ownership, unless things change in the future, so we plan to use ours as long as possible and enjoy the experiences ourselves. We try to get them to join us some times too.

Best regards.

Mike

 

[davidvel]

I'm not actually a newbie, I've been a paid TUG member since 2006 and made a bunch of posts and replies over the years. I use TUG when I need information, not as a social medium, so I have wide vacancies and until now, haven't really needed any more info that required direct answers. I so appreciate everyone's knowledge and advice. I'm asking myself hard questions. E.g. How much vacation do I want each year? How many more years will we vacation? Do I always want a villa type experience? Do I want to be locked in further to the maintenance fee type of ownership or simply rent? Do our adult children even care if they inherit our timeshare? Thanks for listening.

Sorry I didn't mean to mischaracterize you. I was referring to your knowledge of Marriott points based upon the questions you asked. Many people get excited by all the sales talk not knowing all the pitfalls, etc. Being a long time member you probably know that. Just wanted to encourage you to keep doing what you are doing!

 

[Wanderlustgrl]

Since you have the encore maybe ask your next salesperson to buy a bundle. We did and with your encore money coming off it might be a good deal or close to resale without the hassle. We got close to $8 a pt but all the extra incentives with bonus pts and a free week made it worth going through marriott directly for us. We waited till we found a great week and the rep made sure we got every discount available.. we toured virtually with her too which was way nicer than in person. Less pressure a lot more information

 

[cp73]

Since you joined the points program why don't you just try renting some points and giving that a try. You can rent for just about the same as the maintenance fee cost per point is. Then you don't need to buy any points and have access to the exact same benefits and inventory. Ive done that the last couple of years and it works out fine. Go check out vacationpopintexchange.com.

 

[TheTimeTraveler]

Since you joined the points program why don't you just try renting some points and giving that a try. You can rent for just about the same as the maintenance fee cost per point is. Then you don't need to buy any points and have access to the exact same benefits and inventory. Ive done that the last couple of years and it works out fine. Go check out vacationpopintexchange.com.

www.VacationPointExchange.com




.

 

[Dewnay]

Since you have the encore maybe ask your next salesperson to buy a bundle. We did and with your encore money coming off it might be a good deal or close to resale without the hassle. We got close to $8 a pt but all the extra incentives with bonus pts and a free week made it worth going through marriott directly for us. We waited till we found a great week and the rep made sure we got every discount available.. we toured virtually with her too which was way nicer than in person. Less pressure a lot more information

Does purchasing a bundle always include enrollment of post-2010 resale weeks or is that a special promotion that is not always available?

 

[Wanderlustgrl]

Does purchasing a bundle always include enrollment of post-2010 resale weeks or is that a special promotion that is not always available?

no we did 2 transaction. One enrolled our week and one as a bundle. I don’t think it was an option to do both at once but could be an option

 

[Dean]

Does purchasing a bundle always include enrollment of post-2010 resale weeks or is that a special promotion that is not always available?

no we did 2 transaction. One enrolled our week and one as a bundle. I don’t think it was an option to do both at once but could be an option

I would assume you could do both if you wanted assuming the retail purchase qualified to enroll the number of weeks in question that were "resale". Remember buying a resale week directly as part of a bundle is essentially the same as buying a resale week and a retail week or points to enroll the other week. My presumption is you'd simply have to meet either the qualifying number of points to enroll all weeks that were not retail OR the requisite dollar spend for places that still do weeks like Aruba. Say you wanted to enroll 1 week you already owned that was post 2010 and buy a resale week directly from MVC and buy either points or a qualifying retail week to end up with 3 enrolled properties you'd need to either buy 4000 points or something like a 2 BR Surf Club Platinum GV week is my understanding. You never know when they options will change though.

 

[Steve Fatula]

At my presentation this week, they claimed chairman will soon get 18 months advance reservation.

 

[Ty1on]

At my presentation this week, they claimed chairman will soon get 18 months advance reservation.

Empty words unless it actually happens

 

[Bill4728]

Since you joined the points program why don't you just try renting some points and giving that a try. You can rent for just about the same as the maintenance fee cost per point is. Then you don't need to buy any points and have access to the exact same benefits and inventory. Ive done that the last couple of years and it works out fine. Go check out vacationpopintexchange.com.

This is exactly my thinking as well.

Why buy points, that you have to pay MFs and use every year, when you can rent points from another MVC owner for the same cost ? Sometimes even a lower cost to you.

 

[rthib]

This is exactly my thinking as well.

Why buy points, that you have to pay MFs and use every year, when you can rent points from another MVC owner for the same cost ? Sometimes even a lower cost to you.

The problem with this is the same problem with people who buy a cheap week. Works well if you are flexible and don't need a high demand week/location.
For instance I have a points reservation I made at 13 months. At the time there were studio, 1 bedroom and 2 bedroom available. A month later they decided that they may want to change the number of folks going. Have been looking since then to see options and that time has never been available.

So my advice is the same as the person buy a summer desert week hoping they can trade into a popular week on the beach when everyone else is trying to book there.
Don't buy 1000 points thinking you can rent the rest to get that great week.

That is not to say I think buying 7000 points is a good idea. That is insanity.
Why I think Hybrid is still the best way to go if you don't have an enrolled week. You have a week. You have points and you have the early window.
But only if you have the money and need the extra advantage it brings.

But people need to understand that the "why buy when you can rent points" is not always the answer.
If it was that easy, why buy any timeshare or points at all when you can rent?
Won't even bring up the slight risk involved anytime you rent.

The other unknown is what the point world and demand will look like when the merger really happens.

 

[m61376]

Although I do think that renting points is different than renting a week, in that you control the reservation after you've rented the points. And if things change in the future you can buy. Renting points is a good option for the enrolled owner who wants to dabble in reserving with points and for the occasional user, since there's no up-front cost and there's no annual obligation.

 

[DRH90277]

The problem with this is the same problem with people who buy a cheap week. Works well if you are flexible and don't need a high demand week/location.
For instance I have a points reservation I made at 13 months. At the time there were studio, 1 bedroom and 2 bedroom available. A month later they decided that they may want to change the number of folks going. Have been looking since then to see options and that time has never been available.

So my advice is the same as the person buy a summer desert week hoping they can trade into a popular week on the beach when everyone else is trying to book there.
Don't buy 1000 points thinking you can rent the rest to get that great week.

That is not to say I think buying 7000 points is a good idea. That is insanity.
Why I think Hybrid is still the best way to go if you don't have an enrolled week. You have a week. You have points and you have the early window.
But only if you have the money and need the extra advantage it brings.

But people need to understand that the "why buy when you can rent points" is not always the answer.
If it was that easy, why buy any timeshare or points at all when you can rent?
Won't even bring up the slight risk involved anytime you rent.

The other unknown is what the point world and demand will look like when the merger really happens.

POINTS RESERVATION DIFFICULTY - JUST RENT ON REDWEEK (to heck with the points)

I have difficulty getting good reservations with points. The reservations wanted must come from weeks held in the trust (not much there) or by reliance on week owners to deposit their weeks for points. Vacation Club tries to fill reservations primarily from weeks deposited for points. So, no deposit of weeks would absolutely kill the points program. Owner services reps even admit the shortage of deposited inventory. Shouldn't this program fallacy be disclosed during the sales presentation - is it a material fact. Perhaps the word "Imagine" could be replaced with "Hope" in the sales presentation.

Timeshare rentals are a serious competitor for the points program. I just rented a 5-night Ocean Watch stay this week - after waitlist since June for a 12 months out reservation.

 

[NYFLTRAVELER]

The sales team at NCV is notoriously bad. We own there and love the resort, but don’t trust the sales reps at all.

If you didn’t use your Encore package for this stay the they are wrong. Enjoy your stay and forget about them.

Best regards.

Mike

Which reps did you have issues with?

 

[csalter2]

POINTS RESERVATION DIFFICULTY - JUST RENT ON REDWEEK (to heck with the points)

I have difficulty getting good reservations with points. The reservations wanted must come from weeks held in the trust (not much there) or by reliance on week owners to deposit their weeks for points. Vacation Club tries to fill reservations primarily from weeks deposited for points. So, no deposit of weeks would absolutely kill the points program. Owner services reps even admit the shortage of deposited inventory. Shouldn't this program fallacy be disclosed during the sales presentation - is it a material fact. Perhaps the word "Imagine" could be replaced with "Hope" in the sales presentation.

Timeshare rentals are a serious competitor for the points program. I just rented a 5-night Ocean Watch stay this week - after waitlist since June for a 12 months out reservation.

I believe that if you have 13 month booking reservations advantage that points are very valuable and you can get the stays there. This past summer I had ocean front units at Ocean Watch and Barony Beach in July but I reserved 13 months out. Similarly, I have two ocean front 2 bedroom reservations at Maui Napili Towers for June again made at 13 months out. Unfortunately, with Covid still impacting travel I need to make a decision at the end of February if I’m going to cancel those reservations or not.

 

[mjm1]

Which reps did you have issues with?

Sorry, but I don't recall their names. One woman and one man in particular, but I know that doesn't help much.

Mike

 

[DRH90277]

I believe that if you have 13 month booking reservations advantage that points are very valuable and you can get the stays there. This past summer I had ocean front units at Ocean Watch and Barony Beach in July but I reserved 13 months out. Similarly, I have two ocean front 2 bedroom reservations at Maui Napili Towers for June again made at 13 months out. Unfortunately, with Covid still impacting travel I need to make a decision at the end of February if I’m going to cancel those reservations or not.

I delight in your success as it gives me hope. I am Chairman level and had difficulty getting OceanWatch point reservations last year at 13 and 12 months. I must acknowledge that I did get some of what we wanted. The good news is that we're going after the great reservations at great resorts, the bad news is that lots of points are pointed that way.

The trust doesn't own much, and we are competing for a small trust inventory to be supplemented by week owner deposits (exchanges for points). Should legacy week owners become discouraged, they can rent out their weeks and use cash to get what they want. We solved our residual need this year by doing this.

 

[Dean]

POINTS RESERVATION DIFFICULTY - JUST RENT ON REDWEEK (to heck with the points)

I have difficulty getting good reservations with points. The reservations wanted must come from weeks held in the trust (not much there) or by reliance on week owners to deposit their weeks for points. Vacation Club tries to fill reservations primarily from weeks deposited for points. So, no deposit of weeks would absolutely kill the points program. Owner services reps even admit the shortage of deposited inventory. Shouldn't this program fallacy be disclosed during the sales presentation - is it a material fact. Perhaps the word "Imagine" could be replaced with "Hope" in the sales presentation.

Timeshare rentals are a serious competitor for the points program. I just rented a 5-night Ocean Watch stay this week - after waitlist since June for a 12 months out reservation.

I have never had a problem getting something that worked for me whether it be weeks reservations, points reservations or exchanges. But I understand the system and I am proactive. Of course I've also positioned my MVC portfolio to reduce the risks as well.

 

[DRH90277]

I have never had a problem getting something that worked for me whether it be weeks reservations, points reservations or exchanges. But I understand the system and I am proactive. Of course I've also positioned my MVC portfolio to reduce the risks as well.

Dean, I happen to agree that I also can make it work. How did I do this? I learned the system, yes. I bought resale weeks to either use or rent out for cash to get what I need. We have Chairman's status, etc. This is not quite the "Imagine" system I thought I was buying; but I too can make it work.

Vacation Club could also buy up more good season weeks at high demand properties for the Trust at bargain prices.