We have not bought a resale since 2007, but between 2004 - 2007, we bought a total of five 2-bedroom MP units and one 1-bedroom unit. The average price for a 2-bedroom unit was $2760 including the transfer fees. The 1-bedroom MP unit was $1025. All were purchased on eBay. All of these together cost less than the $15,800 we paid for our original 2-bedroom MP unit that we bought from Mayan World. We traded 2 contacts consisting of three 2-bedroom units in for two Grand Mayan 2-bedroom units in 2007. We also paid an additional amount, but know that we made an awesome deal.
Two of our resale purchases had the 10% of the original purchase price as transfers, but the others had the 1 MF for transfer price. As I said, these were included in what we paid. The owners lost a lot of money to get out of the contract.
In 2013, we traded the two GM weeks and 4 remaining MP weeks in for two 2-bedroom GL units. The cost was just a little more than the fees we would be paying for renovations until the end of the contracts. We had been given the No Pay unless you go on all our weeks in 2007, so the renovation fees were what we used for our base to upgrade with.
Since they started the 10x the MF, resales have pretty much closed down. MF for a 2-bedroom MP is $1000+ now, so Mayan World would get $10,000 plus for a transfer. GM, GB, and GL The MF are significantly higher, so if you have a 2-bedroom GL, Mayan World would get about $20,000 plus and for our two 2-bedroom units it would be more than $40,000! My GL contract states that the No Pay Unless You Go and any benefits like golf and massages do not transfer.
For your information - I have posted this before, but this is how the transfer fees work.........
Before August 2002, transfer fees for Mayan Palace units were the cost of Maintenance fees for 1 year. The Vacation Fair week transfers with the contract. (A large majority of these have now upgraded to Grand Mayan and their old units are sold with the new terms.) These have a 25 year renewal fee(5 MF) and 5 year renovation fee that is equal to 1 MF.
From August 2002 - November 2005, it was 10% of the original purchase price. The Vacation Fair week does transfer with the contract. I am not sure they started selling Grand Mayan units before 2003. This was the information for Mayan Palace that was in a contract that we had. This has the 5 year renovation fee and 25 year renewal.
The 5 times the MF to transfer (sell) to another person started in late 2005, just before we upgraded to two GM 2-bedroom units in April 2006. These also had a 5 year renovation fee that is equal to 1 MF. The no pay unless you go feature was new in 2006, but came with an addendum that if you transferred your contract to someone else, the Vacation Fair (bonus week) and the no pay unless you go feature does not go with the transfer.
In 2008, there were some contracts that still had the 5 year renovation fee that was then 1-1/2 the cost of your MF, and still had the 5 times the MF to transfer to someone else. These also had the 25 year renewal fee that was 5 times the MF.
I am not exactly sure when, but by the time we upgraded to the Grand Luxxe in 2013, the cost to transfer your week to someone else had gone up to 10 times the MF and none of the special benefits, especially the no pay unless you go and extra weeks go with the transfer. The new contracts have some 10 year renewal options which seem to change regularly. transfer to immediate family is $ 0 - no charge , and VF week and no pay addendum DO transfer and the registered week renews as a registered week at the 25 year renewal .
Therefore, owners tend to use the No Pay feature and do not renew.
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Transfer fees are waived for immediate family members – Children, Grandchildren or Heirs. (This statement is in contracts that I have after 2005.)