Marriott BUYBACKS AND TAKEBACKS [2012 / Ongoing]

[JIMinNC]

The Marriott Resales price for each of my weeks has not changed in a couple of years.

Per the questions earlier in this thread about whether Marriott may be increasing some of the prices for their resale weeks, that is definitely the case for some units. In July 2014 when we bought our bundle, the price of a Silver Garden view 2BR Barony Beach Club was $3300. That has been the case ever since, whenever I happened to just browse online and see one listed on the Marriott Resales site. But now, they have a Barony Silver Garden view listed, and the current price is $3700 - a $400 (12%) increase. That is a recent development because as recently as late 2016, they were still $3300.

 

[BocaBoy]

So, a Marriott resale MOC 2BR/OF EOY listed at $17,700 today, would net the seller $10,600, after 40% commission with buyer paying closing cost?

A similar week listed by a broker at $12,000, less 20% in commissions and HI taxes, would net $9600, plus buyer paying closing cost. (or @ $14K, net $11,200)

Interesting way to bracket what the resale net price to seller might be and theoretically suggests what comparable Redweek pricing should be if someone wanted to sell quickly, e.g., $10-11K?

But could see why a seller would use a broker, just to reduce the hassle factor of selling and closing and reach a wider market.

Granted, this example is of relatively high-priced weeks.

Two years ago I sold an annual 2BR OF in the new towers at Maui Ocean Club through Marriott Resales for $47,000, netting me $28,200. One of the top rated brokers on TUG told me they could list it at about $23,000, which with a 20% commission would net me about $18,400 (perhaps reduced further by closing costs?), so my net was over 50% greater by going with Marriott Resales.

 

[samara64]

Per the questions earlier in this thread about whether Marriott may be increasing some of the prices for their resale weeks, that is definitely the case for some units. In July 2014 when we bought our bundle, the price of a Silver Garden view 2BR Barony Beach Club was $3300. That has been the case ever since, whenever I happened to just browse online and see one listed on the Marriott Resales site. But now, they have a Barony Silver Garden view listed, and the current price is $3700 - a $400 (12%) increase. That is a recent development because as recently as late 2016, they were still $3300.

That is right. The agent stated that some wend up and other down to adjust to market conditions/demand.

 

[Saintsfanfl]

None of mine have changed recently.

 

[pwrshift]

When timeshare prices fell through the roof a friend bought 3 Manor Club platinum weeks (2 MMC and 1 MSE) on eBay for varying prices as low as $250 on resale when Marriott wasn't exercising their ROFR. Because it was a constant fight to get his adult kids to go with him, he has recently sold two of them (he's keeping one for personal use) through Marriott and got way more than he paid for them. Not sure how much or whether Marriott just bought them or resold them.

Brian

 

[Saintsfanfl]

When timeshare prices fell through the roof a friend bought 3 Manor Club platinum weeks (2 MMC and 1 MSE) on eBay for varying prices as low as $250 on resale when Marriott wasn't exercising their ROFR. Because it was a constant fight to get his adult kids to go with him, he has recently sold two of them (he's keeping one for personal use) through Marriott and got way more than he paid for them. Not sure how much or whether Marriott just bought them or resold them.

Brian

Marriott does not buy and resell. Unless it was a repurchase they listed the unit for sale for another person to buy. The sale would be directly from your friend to the new owner.

 

[Saintsfanfl]

None of mine have changed recently.

Not anymore. The prices for all Golds in Palms Desert dropped as well as every resort on HHI. The prices for Gold and Plat HHI are starting to approach actual 3rd party market value.

 

[disneymom1]

Not anymore. The prices for all Golds in Palms Desert dropped as well as every resort on HHI. The prices for Gold and Plat HHI are starting to approach actual 3rd party market value.

I was just noticing this yesterday! Platinum HHI week listing prices have definitely been reduced on MCVI resales site compared to that of a few weeks ago. Also, there seems to be less inventory, as some seasons/views are no longer listed for resale. Any clue why?

 

[Saintsfanfl]

I was just noticing this yesterday! Platinum HHI week listing prices have definitely been reduced on MCVI resales site compared to that of a few weeks ago. Also, there seems to be less inventory, as some seasons/views are no longer listed for resale. Any clue why?

They generally take them off when they no longer have inventory to list but they likely took them down once the price changed. They need new listing agreements from owners with the new lower prices. They will still work through the closings they have but they need new listing agreements.

 

[suenmike32]

Can anyone provide me with the link to the MVCI resale site?
Thanks

 

[Fasttr]

Can anyone provide me with the link to the MVCI resale site?
Thanks

https://www.marriottvacationclub.co...shtml?loc=DB59*1-4QZBKI&cid=ppc-ggl-resales-e

 

[suenmike32]

https://www.marriottvacationclub.co...shtml?loc=DB59*1-4QZBKI&cid=ppc-ggl-resales-e

Thanks Fasttr

 

[GaryDouglas]

Looking at the Marriott resales for MOC, they aren't too much above current resales outside of Marriott, certainly compared to pre 06/2010 prices. I'm surprised...