What are Timeshares Obligated to do with your MF?

[HudsHut]

I presume you’re in Canada (Living Water is in Collingwood, Ontario, Canada

Home | Living Water Resorts | Collingwood, ON

Discover the ultimate resort experience at Living Water Resorts, featuring on-site waterfront dining, a luxurious spa, top-rated golf courses, a marina, exciting on-site activities, and conference facilities. Enjoy two hotels in one fantastic location.

www.livingwaterresorts.com

The only reason to purchase an ownership at this resort is if you plan to vacation there. Given the warning by @Delenn72 , that may not even be a reason to own.
You need to know whether resale purchases have the same rights as Developer purchases. Do you get the same reservation window (e.g. can book in your season 12 months in advance).
What are the seasons? What week is the Ownership you are considering tied to? How many points do you get with this ownership? What size unit will that number of points get you?

Interestingly, only weeks 32 & 33 are rated TDI 150 by II.
Weeks 7, 26, 27, 31 & 33 are rated TDI 145 by II

That is a very short peak season.

My recommendation would be to buy into a timeshare you know you can sell once you know longer need it: Marriott, Westin, Sheraton, Hyatt, WorldMark.

 

[HudsHut]

Here's snippet of weeks available for "cash rental" on II. It is very likely these prices are less than the maintenance fees. There are five codes in II, I picked the first one. All have dozens of weeks available for "cash rental" via II, which indicates a low demand for these resorts.

Edited to remove screen print. Should have posted in Sightings.
@NV4
see new post here:

https://tugbbs.com/forums/threads/ii-vitality-assurance-vacations-c2x.365515/

Need to join TUG to access this section.

 

[NV4]

Is there a question here? Is 'Living Water' a resort? Is it affiliated with a recognized TS network? There are so many 'point' systems that have no way of converting to another system that they become irrelevant.

If you want to just continue to use the assigned (or deeded) week at the home resort, fine business. But if you want to exchange it, it's 'points' better be recognized by major exchange companies. Otherwise, exchange fees will make exchanging VERY expensive. RCI ($300 each) and II $200ish) per exchange really dulls the desire to go to someplace besides your home resort.

Jim

Thanks Jim
This one is on a "weeks" system and can be deposited and exchanged through II. I've been debating between getting one with RCI points instead of a deeded week and am still deciding which route to go. I'm familiar with weeks and exchanges and less familiar with the points system.

 

[NV4]

I presume you’re in Canada (Living Water is in Collingwood, Ontario, Canada

Home | Living Water Resorts | Collingwood, ON

Discover the ultimate resort experience at Living Water Resorts, featuring on-site waterfront dining, a luxurious spa, top-rated golf courses, a marina, exciting on-site activities, and conference facilities. Enjoy two hotels in one fantastic location.

www.livingwaterresorts.com

The only reason to purchase an ownership at this resort is if you plan to vacation there. Given the warning by @Delenn72 , that may not even be a reason to own.
You need to know whether resale purchases have the same rights as Developer purchases. Do you get the same reservation window (e.g. can book in your season 12 months in advance).
What are the seasons? What week is the Ownership you are considering tied to? How many points do you get with this ownership? What size unit will that number of points get you?

Interestingly, only weeks 32 & 33 are rated TDI 150 by II.
Weeks 7, 26, 27, 31 & 33 are rated TDI 145 by II

That is a very short peak season.

My recommendation would be to buy into a timeshare you know you can sell once you know longer need it: Marriott, Westin, Sheraton, Hyatt, WorldMark.

Yes, I'm in Canada. Peak season is typically our Summer months and Christmas break. There are no points with this one. It's a floating week and the only costs associated with it are closing costs. I'm looking for something I can use locally. I'm also looking at / considering purchasing a "free" one at Morritts Tortuga Club or somewhere in Florida with higher trading power or that have RCI points associated with it. I'm doing a ton of research and hoping to make a decision this week so I'm not stuck paying maintenance fees on too many different units. I'm familiar with weeks and less familiar with points. Exchange fees have increased quite a bit over the years and I'm not sure if fees need to be paid when using points.

 

[NV4]

Here's snippet of weeks available for "cash rental" on II. It is very likely these prices are less than the maintenance fees. There are five codes in II, I picked the first one. All have dozens of weeks available for "cash rental" via II, which indicates a low demand for these resorts.

View attachment 95800

This is useful- thanks. The only "good week" is the one in July since kids are not in school.

 

[NV4]

Definitely less than the cost of maintenance fees. In order to use II, I will still require a timeshare to be able to get a membership with them, correct?

 

[HudsHut]

You will need to have a resort which is affiliated with Interval before joining Interval.

I would suggest that you get a "good" resort (one that you will be able to sell/offload easily when the time comes). Join II and use the Getaways (cash rentals) to go to Living Waters. Do NOT buy there.

What is the driver for getting RCI Points? Where do you wish to travel?