$14 Per Point?

kds4 · May 31, 2016

I hear rumblings that it could be as soon as this fall. Seems unusually aggressive, but perhaps is a response to recent acquisition activity, like the new properties or single family homes that have been announced ...

So, how long do you think it will be until DC points reach $14 per point? :shrug:

SueDonJ · May 31, 2016

This fall might be ambitious but based on the history it'll be $14 soon enough.

I think right now the only single-family home that MVW has direct ties to is the one on Hilton Head, which we've learned through the local registrar's office is a lease arrangement with the owners. All of the other single-family home options are available through an agreement with a single management company, Villas of Distinction.

dioxide45 · May 31, 2016

I suspect it will still be a while. With recent sales figures showing a softening in the market, I predict the price won't go over $14 pp until either the end of 2017 or early 2018. Though I could always be wrong.

JIMinNC · May 31, 2016

In July 2014 the price was $12.12/point. The last price I saw was $13.04/point. So in about two years the price has increased about a buck. So unless they really raise prices quickly, I can't see it going that high that fast.

BocaBoy · May 31, 2016

The time will come when the price increases will hit a wall, and that might not be far off. I think we are seeing some signs of price resistance already. It will be interesting to see where that price point is. For me, the original price was too high. Don't be surprised to see even more use of reduced price sales in lieu of price reductions.

jme · Jun 1, 2016

SueDonJ said:
This fall might be ambitious but based on the history it'll be $14 soon enough.

I think right now the only single-family home that MVW has direct ties to is the one on Hilton Head, which we've learned through the local registrar's office is a lease arrangement with the owners. All of the other single-family home options are available through an agreement with a single management company, Villas of Distinction.

Susan, my pre-arrival "concierge" (LOL) told me that I should do the presentation because I will learn about 7 large homes now available on Hilton Head Island which can be booked using DC points.

If true, seems as though Marriott has REALLY gone full force into this concept for Hilton Head. I asked him where they were located and he said he didn't know (booking, etc was "not his job" so he's only repeating what he's heard from the sales office) and that they didn't like to give out specific addresses because the owners of some of the homes had experienced people riding by, taking pictures, etc, and it "disturbs their privacy".

I just wanted everyone to know about how this "home rental" (DC usage) is evolving at HH. I'll look into it more when my family is there at Grande Ocean the next 3 weeks starting this coming Sunday.

kds4 · Jun 1, 2016

jme said:
Susan, my pre-arrival "concierge" (LOL) told me that I should do the presentation because I will learn about 7 large homes now available on Hilton Head Island which can be booked using DC points.

If true, seems as though Marriott has REALLY gone full force into this concept for Hilton Head. I asked him where they were located and he said he didn't know (booking, etc was "not his job" so he's only repeating what he's heard from the sales office) and that they didn't like to give out specific addresses because the owners of some of the homes had experienced people riding by, taking pictures, etc, and it "disturbs their privacy".

I just wanted everyone to know about how this "home rental" (DC usage) is evolving at HH. I'll look into it more when my family is there at Grande Ocean the next 3 weeks starting this coming Sunday.

I have heard rumblings of a house near MOW as well. :ponder:

SueDonJ · Jun 1, 2016

jme said:
Susan, my pre-arrival "concierge" (LOL) told me that I should do the presentation because I will learn about 7 large homes now available on Hilton Head Island which can be booked using DC points.

If true, seems as though Marriott has REALLY gone full force into this concept for Hilton Head. I asked him where they were located and he said he didn't know (booking, etc was "not his job" so he's only repeating what he's heard from the sales office) and that they didn't like to give out specific addresses because the owners of some of the homes had experienced people riding by, taking pictures, etc, and it "disturbs their privacy".

I just wanted everyone to know about how this "home rental" (DC usage) is evolving at HH. I'll look into it more when my family is there at Grande Ocean the next 3 weeks starting this coming Sunday.

At Harbour Point a couple weeks ago the picture board advertising the Sales Presentations was a picture of the home on Hilton Head, and the front desk staff thought it was a great idea for us to go by and see it (which we didn't because we were running around doing a lot of other things.) They mentioned only the one on the island.

This is the thread from when the first home was added to the DC Explorer Collection: New vacation option [HHI Home for DC Points Use] A search on the Beaufort County Register of Deeds doesn't have any other similar "LEASE" arrangements between MORI and HHI homeowners/property managers.

If you sign in to owners.marriottvacationclub.com and click on the "Discover Your New Options!" link in the bottom left "Vacation Homes" box, it takes you to a page with two tabs. One links to the single "HHI Private Home" and the other to the "Villas of Distinction" site with 99 more homes/villas but none of those are on HHI.

It's entirely possible that they're adding more every day either through a similar lease arrangement with the owners or through the VoD portal, but it's curious that right now there's nothing official to suggest that there are more private home options in South Carolina than the one. It might be worth noting that the website was updated immediately when the one was announced.

Bill4728 · Jun 1, 2016

The other TS I own (Club Intrawest) has had a wide variety of housing options for some time. They included fractionals, quaint hotels, other things like cruses ect

So it doesn't surprise me that MVC has branched out for things like vacation homes

jme · Jun 1, 2016

SueDonJ said:
At Harbour Point a couple weeks ago the picture board advertising the Sales Presentations was a picture of the home on Hilton Head, and the front desk staff thought it was a great idea for us to go by and see it (which we didn't because we were running around doing a lot of other things.) They mentioned only the one on the island.

This is the thread from when the first home was added to the DC Explorer Collection: New vacation option [HHI Home for DC Points Use] A search on the Beaufort County Register of Deeds doesn't have any other similar "LEASE" arrangements between MORI and HHI homeowners/property managers.

If you sign in to owners.marriottvacationclub.com and click on the "Discover Your New Options!" link in the bottom left "Vacation Homes" box, it takes you to a page with two tabs. One links to the single "HHI Private Home" and the other to the "Villas of Distinction" site with 99 more homes/villas but none of those are on HHI.

It's entirely possible that they're adding more every day either through a similar lease arrangement with the owners or through the VoD portal, but it's curious that right now there's nothing official to suggest that there are more private home options in South Carolina than the one. It might be worth noting that the website was updated immediately when the one was announced.

I had numerous specific questions about the "new houses" but got zilch from him, so not sure what's actually in the works. I do think there's something to it going forward, though. If they did one, why not several? HH is so popular that it can support such efforts, especially when the peak summer weeks at the big resorts remain hard to obtain with points or with trades. Out of necessity they must be creative.

Certainly will serve as a nice new pitch at presentations. Smart move.

That begs the big question, Susan, are you soon going to sign a lease arrangement with Marriott?????

SueDonJ · Jun 1, 2016

jme said:
I had numerous specific questions about the "new houses" but got zilch from him, so not sure what's actually in the works. I do think there's something to it going forward, though. If they did one, why not several? HH is so popular that it can support such efforts, especially when the peak summer weeks at the big resorts remain hard to obtain with points or with trades. Out of necessity they must be creative.

Certainly will serve as a nice new pitch at presentations. Smart move.

That begs the big question, Susan, are you soon going to sign a lease arrangement with Marriott?????

I agree, smart move for them and it'll be interesting to see if new houses come online with a similar lease arrangement. Won't be ours (rentals aren't allowed ) but if I had extra money just laying around I'd approach them to see what they'd require before hitting the market. Wouldn't we all like to have extra money laying around and a chance to partner up with MVW?

SunandFun83 · Jun 21, 2016

Secondary Market price $7 to $7.50

I am baffled as to why anyone would pay $10 or $12 a point. The only thing stopping you from buying at less than $7 a point is Marriott ROFR.

Look at redneck.com and you will find dozens of listing at $4.00 to $4.50. Add $2 for enrolling points and closing costs and the total cost is less than $7.00. Marriott will use ROFR around $4.50, so, you might need to pay more like $4.75 or $5.00.

Be warned that Marriott resale is hard to deal with. Only work with a closing company that will do everything to enroll your points. Final cost $7.00 to $7.50 and the closing company does all the work.

Any statements about $12 going to $14 are based on owners who are not making smart decisions about buying resale. Even Marriott will give you a discount package when you buy a week and points. That cost is around $7.50 a point.

tmoscola · Jun 22, 2016

I was talking to Marriott yesterday and the points are currently at $13.04.

We are trying to expand our portfolio and researching all of our options to determine which might be the best for us.

dougp26364 · Jun 22, 2016

Does anyone really pay that much per point? Granted it's been a long time since we've been to a presentation but, the last couple we went to, they offered us a "Special" one time deal to buy points at greatly reduced pricing. We haven't been to a Marriott presentation for a long time. Seems as if the last time we went the price point was less than $10 and the offer was to buy 5,000 points at their original offering price.

tmoscola · Jun 22, 2016

dougp26364 said:
Does anyone really pay that much per point? Granted it's been a long time since we've been to a presentation but, the last couple we went to, they offered us a "Special" one time deal to buy points at greatly reduced pricing. We haven't been to a Marriott presentation for a long time. Seems as if the last time we went the price point was less than $10 and the offer was to buy 5,000 points at their original offering price.

Doug you bring up a good point. She was going everything so fast, but I am pretty sure she said the initial purchase requirement was 3450 points. My calculations bring that to a $45k purchase. YIKES!!!

SueDonJ · Jun 22, 2016

FYI, noted here, they announced the other day that there will be a price increase 7/14/16. That thread will be updated when it happens.

dougp26364 · Jun 22, 2016

tmoscola said:
Doug you bring up a good point. She was going everything so fast, but I am pretty sure she said the initial purchase requirement was 3450 points. My calculations bring that to a $45k purchase. YIKES!!!

And that, is exactly why we never bother to attend a presentation unless I want to see what the units at a particular resort look like, just in case it's a resort I'm interested at reserving. The last "owners update" we did with Marriott was so I could see what the units at Oceana Palms looked like, and we've used points to reserve there twice.

Way back when, when we "foolishly" purchased at retail from Marriott, we bought a 3 bedroom Ocean Pointe silver season week for $18,900 AND, they tossed in a 7 night cruise in an ocean view stateroom(we booked an Alaskan cruise on Royal Carribean) PLUS a bonus week with I.I. that we used for a 2 bedroom unit in Scotland.

Since we always book either a November or December week, it scares me to think what I'd have to pay retail in points to stay at Ocean Pointe 1 week every year in a 3 bedroom ocean front unit. There's is absolutely NO WAY I'd ever consider buying retail at todays prices. I stand in amazement that timeshare developers are getting the prices they are at this time. As a former salesman, it is impressive.

dioxide45 · Jun 22, 2016

Only the people buying the smallest packages are paying the full price per point. Larger packages have lower prices per point, and if you opt out of incentives, you get a lower price per point.

Beverley · Jun 24, 2016

tmoscola said:
I was talking to Marriott yesterday and the points are currently at $13.04.

We are trying to expand our portfolio and researching all of our options to determine which might be the best for us.

They were quoted at 13.35 at the new Manhattan "Pulse" June 4th. But, then, one of the deals was a "roll back" to 12.40 ...

Beverley

davidvel · Jun 24, 2016

Beverley said:
They were quoted at 13.35 at the new Manhattan "Pulse" June 4th. But, then, one of the deals was a "roll back" to 12.40 ...

Beverley

Kind of like the sticker price on a car. ..

bazzap · Jun 24, 2016

dioxide45 said:
Only the people buying the smallest packages are paying the full price per point. Larger packages have lower prices per point, and if you opt out of incentives, you get a lower price per point.

A lower price per point sounds like it should the best incentive you could be offered?

$14 Per Point?

kds4

SueDonJ

dioxide45

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JIMinNC

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BocaBoy

jme

kds4

SueDonJ

Bill4728

jme

SueDonJ

SunandFun83

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tmoscola

dougp26364

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tmoscola

SueDonJ

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dioxide45

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Beverley

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