We are about to make an offer on a Marriott Vacation Club deeded week via resale broker. What, if any, are the issues we may face going forward, knowing that MVC has converted to a point system?
dw
The point system is optional and the number of Marriott deeds involved in the points system appears to be somewhat low, although growing (not sure at what speed).
The only concern in the long term future is that Marriott will sell all of the points as well as convert existing qualified owners to points, making it more difficult to trade your week to another Marriott resort. However, as a resale owner, not in the points program (Marriott Destinations Club), you are guaranteed to get a week in the time period that you buy, but, it may not be the most optimal week based on demand. Also, if you like to trade into resorts that are not Marriott, everything is still the same as the cost for doing this with points is not encouraging (based on the amount of points required).
I'm of the opinion that when Marriott sells roughly 50% of their points to new owners, that they will begin opening new properties and thereby adding more points to the system. Nobody wants to buy into a "sold-out" system where it is difficult to get what you want.
So, to answer your question, I would say no. Keep in mind that the cost of Marriott deeded weeks have gone down in the past 6 months. Make sure you are paying the right price (E-bay is a good barometer although do not expect to get an e-bay price from a classified ad).
In the Marriott points system, they place a very high value on "the view". If you are buying a property where the view is specified in the deed, it would be a good idea to go for "the view", just in case Marriott allows you shift over to points in the future (and of course, only if you want to). Your unit will have greater value in the points system. Today, in II, the view seemingly does not matter, but I suspect that this could change.
Buy a season and resort that you want to use. Then if every once in a while, you want to trade and it does trade, then that is an added bonus. If you are buying a unit to trade, you would probably be best to buy a resort in the peak season. Yes, there are 1000s of examples where someone took a gold/blue/low season week and upgraded greatly, but, I would not buy on that premise. Go platinum and a resort you want to go to often.
If you do not mind sharing or if you want to PM me, let me know what you are thinking of buying and I'll give you an opinion on a good price.
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