Should I buy points

[riversu]

I have a friend, who wants to sell me 3,500 points, she does not use them said her maintenance fees are around $1,000.

We love the villas but have found it fairly easy to rent them whenever we want to travel. I wish I understood the point system better.

Are these points easy to use, Mexico, Hawaii, we travel to pretty normal vacation spots and think I could even use them in Palm Desert or Vegas if need be.

Does Marriott block these sales if the price is too low (I think she wants out). Do I need to have a broker?

Any insight would help I have been to Marriott timeshare presentations including encore and have never felt that they were honest, very contradictory and the prices much too high for us.

 

[bazzap]

I have a friend, who wants to sell me 3,500 points, she does not use them said her maintenance fees are around $1,000.

We love the villas but have found it fairly easy to rent them whenever we want to travel. I wish I understood the point system better.

Are these points easy to use, Mexico, Hawaii, we travel to pretty normal vacation spots and think I could even use them in Palm Desert or Vegas if need be.

Does Marriott block these sales if the price is too low (I think she wants out). Do I need to have a broker?

Any insight would help I have been to Marriott timeshare presentations including encore and have never felt that they were honest, very contradictory and the prices much too high for us.

The Maintenance fees are a little over $.50 per point, so would be much closer to $2000.

 

[riversu]

Thank you~ She will be sending me more information, it seemed low compared to what the resale market was reflecting.

 

[Fasttr]

MVC does have the Right Of First Refusal (ROFR) on any resale point sales and according to reports, will tend to use it on anything lower than $4 a point. That said, there have been some reports of a deal sliding through here or there lower than those numbers. If your friend just wants out, and is willing to sell them for say $3 a point (just an example)....I would not pay $4 a point just because reports are suggesting that was what was needed to pass ROFR. Just offer the $3 and if MVC snags them via ROFR....you did your friend a solid as they sold their points as desired. You can live to fight another day. Also, keep in mind....whatever you buy them for, you have to pay MVC $2 per points in junk fees to open up the resale points so that you have full access of them in their system. Good luck.

 

[riversu]

That is so very helpful! Aside from $2.00 in junk fees to Marriott are there any other fees?

Also, I tried to see online but it is so hard to understand - if I do buy these points every year I can use the 3,500 points to reserve weeks anywhere? Is 3,500 a very low number of points to use? Is there a place I can see what that would get us? I imagine it would end up at $22,000 and annual fee of $1,750. Would it be more cost effective to buy a Newport Villa or some other deeded property?

Susie

 

[Fasttr]

Also, I tried to see online but it is so hard to understand - if I do buy these points every year I can use the 3,500 points to reserve weeks anywhere? Is 3,500 a very low number of points to use? Is there a place I can see what that would get us?

If there is availability at the time you are booking the ressie, and you have the points, you can book anywhere.

Here is a link to the 2018 Points Chart. http://www.marriottvacationclub.com...Tools/resorts/charts/pdfDisplay/2018_full.pdf

 

[SgtMaloy]

When I bought points from a friend, I paid $3.00 a point and Marriott added $4.00 a point for a total of $7.00 per point. I only bought 1,000 points to add to my original 3,500 so the cost was $7,000.00 for the one's from my friend. I will say that the money we spent on our points was the best money we ever spent. We hate the .57 cents per point maintenance fee every year and it goes up a little every year.

 

[Beachspace]

Currently Marriott is selling 2000 points for about $13.30/pt, so about $27k on a time share tour.

I've been told by multiple on here that 2000 points won't get you 2 bedrooms in prime seasons..maybe a 1 bedroom or get a 2 bedroom in off-season with 2000 points.

So buying 3500 points from your friend is a good deal. If you can take advantage of last minute stays (within I think 30-60 days) you can make those 3500 points go a long way (2-3 weeks of vacationing if its off season and only a 1 bedroom). Then the $2000 in MF are under $100/night. For me, anything under $125/night is a deal on a 1 bedroom since that is the Marriott Friends & Family rate (when its available) that I can get from my friends that still work there. But its rare to get 7 straight days which is why a timeshare is better than hotel rates. Otherwise, you end up paying about $200/night on Redweek unless you get a desperate last minute seller on here in the 'rentals offered' section.