Monarch Grand Vacations POINTS

Q:Looking for more info such as which week is the ownership for, how big in terms of sq. footage, if maintenance fee is paid on usage year only and closing costs, etc. I am new to the timeshare market so any details you can provided will be very helpful.

A:

I am happy to answer questions. This is a biennial, even year, ownership that awards 133 points. It's a ownership to Monarch Grand Vacations, which has its own elite, internal exchange program. MF's are paid quarterly ($104.07), so basically, the cost for your week every two years is a little over $800 (you can also break up your stays). We'll collect the first quarter, and one time fees to transfer ownership are Closing costs of $345 and the resort transfer fee is $100.

Their web site might be helpful for you to get a sense of the resorts. https://www.monarchgrandvacations.com I am looking for square footage on the web site, and don't see it, but they do have floor plans for each resort. There are many different kinds of ownership; it really depends on what kind of vacationing you like to do. Any additional information you'd like to give me will assist in finding a match. I should say, though, that these resorts are very, very nice and have quite a bit of flexibility in terms of internal exchange, and require no exchange fee to do so. They also enjoy great day-use privileges, so if you live close, it works out nicely.

Happy to answer further questions.

Ownership details are below, as well as what the ownership gives you.

Vacation Ownership Points:

* Points are awarded every two years for use anytime within the next 24 months * Use at any Monarch Grand Vacations resort * Full weeks or mini-vacations * Reserve 12 months ahead for 7 or more days * Reserve 9 months ahead for 6 or fewer days * Villa size and season vary with # points * Example: o 155 points is a week at a two bedroom during platinum season o 133 is week at one bedroom during red season.

Trading:

* World-wide trades via Interval International. (You can join II for an annual fee) * You reserve a week at any MGV resort then deposit that week for a trade with II.

Monarch Escape Time:

* Unlimited extra rental nights at an owner-preferred rate * Short-notice, one to four night reservations * Use at any Monarch Grand Vacations resort * Accommodations over and above Vacation Ownership Points

Day Use:

* Any Monarch Grand Vacations resort * Dawn to dusk use of swimming pools, owners’ lounges and all common area facilities

Point Roll-Over, Banking or Borrowing:

There is no roll-over, banking or borrowing of points. The logic is that a two-year use period provides ample opportunity for owners to utilize their points. The alternative is to make full week reservation with Monarch Grand Vacations and then deposit with Interval International thereby extending the opportunity for use beyond 24 months.