[2012] good resale recommendation needed for trade

[Saintsfanfl]

How do you get 3 exchanges from a 3BR Grande Vista? It locks off into a studio and a 2BR.

Book the studio side at Grande Vista. Book the 2BR side through the Florida club at Beach Place Towers. After booking the 2BR call Marriott and lock it off. You end up with two studios and a 1 BR.

 

[Beefnot]

deleted.....

 

[dioxide45]

deleted.....

Now I want to know what you had to say.

 

[FionaS]

Have been talking to a few timeshare agents, and they all inform me that Marriott is likely going to exercise ROFR if the price is under $5000, not quite sure if I should wait for a steal deal on eBay and test marriott's ROFR, or offer a price more than $5k

 

[dioxide45]

Have been talking to a few timeshare agents, and they all inform me that Marriott is likely going to exercise ROFR if the price is under $5000, not quite sure if I should wait for a steal deal on eBay and test marriott's ROFR, or offer a price more than $5k

What resorts are they talking about. Many would be ROFR at that price point, many others wouldn't be. What resort are you looking at?

 

[FionaS]

Grande vista 3br Lock-off platinum season

 

[GregT]

Have been talking to a few timeshare agents, and they all inform me that Marriott is likely going to exercise ROFR if the price is under $5000, not quite sure if I should wait for a steal deal on eBay and test marriott's ROFR, or offer a price more than $5k

Fiona,

I've been told that numerous times for both HGVC and Marriott properties by brokers. I'm sure they really believe it, but the weeks did pass ROFR.

One day we will see active ROFR from Marriott (in my opinion) but it is not today. I would make the offer you are comfortable with, and if it gets ROFR'd, try again.

Good luck with the search!

Best,

Greg

 

[dioxide45]

Grande vista 3br Lock-off platinum season

3BR Grande Vista weeks show up on Ebay a few times a year, so I would think you could wait out for a week through Ebay. Though $5K for a 3BR GV Platinum week isn't really all that bad anyway.

 

[GregT]

3BR Grande Vista weeks show up on Ebay a few times a year, so I would think you could wait out for a week through Ebay. Though $5K for a 3BR GV week isn't really all that bad anyway.

An EOY sold on Ebay back in April at $2,076 -- I was with Puck at the time, we were watching the hockey game when the auction closed -- and I was sniped at closing. It went from high bid of $1,600 (mine) to $2,076 in 5 seconds. My limit was $2K.

It's funny, I've bid randomly on different timeshares over the years, but that's the one auction that I remember missing!

Good luck -- and I agree with Dioxide, $5K is a fair price for an Annual (this is for an Annual, correct?).

Best,

Greg

 

[FionaS]

Yes, the $5K price is for annual usage.

Looks like the agents are all pretty demotivated to move ahead with my under $5K offer. And currently the lowest seller offer I have seen on the market is $7700. I don't see anything listing for Grande Vista 3BR lock-off unit on Ebay... Not quite sure what's the best strategy now....

 

[Quadmaniac]

Yes, the $5K price is for annual usage.

Looks like the agents are all pretty demotivated to move ahead with my under $5K offer. And currently the lowest seller offer I have seen on the market is $7700. I don't see anything listing for Grande Vista 3BR lock-off unit on Ebay... Not quite sure what's the best strategy now....

Not to sound pessimistic, but I usually take a broker's caution with a grain of salt. Like others have said, wait till one comes up and offer what you feel you are willing to pay not what they think you should pay. The worst that happens is the seller says no or ROFR. There will always be another one around the corner.

Its not something that you have to have tomorrow and I would wait for the right deal. This has happened to me a number of times on eBay that I thought I missed out on a good deal and then a killer deal comes up the next month. I missed out on buying quite a few auctions and in retrospect, I am glad I did as I got an even better deal In my first auction, I wished I had this view as I paid way too much for my SDO when I am paying half of that for the ones I purchased for my brother subsequently, but I "had to have it" in my mind. It cost me an extra $750 that I didn't need to put out, but in the big picture, it isn't that much.

I would honestly say the chances of ROFR is so small that I don't even consider it as part of my decision making. This is my price, if you're not interested, then I will wait for the next one to come along.

 

[pwrshift]

You say you want 'reasonable' MF which, at Marriott, doesn't exist...I'm not aware of any now less than $1,000 a week and with 5-15% possible annual increases.

Are you sure you want Orlando? There are so many TS in Orlando you can trade in and get any week of the year. Beach is the No. 1 preference.

I rented a 2013 Marriott Beachplace studio for $710 for Presidents week on the beach in Fort Lauderdale. Owners often overestimate what that week is worth but if you set a reasonable price you'll get it. But I wouldn't rent just to get my MF back as there's no consideration of your funds used to buy it initially. Instead, I'd deposit in II and have a couple of years to use it. My BP MF is about $1100 so I felt $710 was reasonable for the studio part and that was with the same renter from last year who paid $650 for it last year. I'm sure I could have rented the 1 BR portion for $900...and netted a profit on my MF.

Brian

 

[Dean]

If you want a cheap, mainly trading property, I would also consider looking at a non beach HHI summer week. Believe it or not, all Marriot summer HHI weeks trade the same via II.

That has not been my experience. The trade power will be similar but the QRS will lock you out of resorts that are significantly higher than what you have to offer. The reverse is true as well that you won'd see lower resorts if you have a higher QRS. This even applies to Marriott to Marriott trading but to a lessor degree from what I can see. It can still be a great trade value but I think the yearly fees aren't going to be different enough to justify it if you want to trade to high quality resorts. One good thing about the fixed weeks is you can deposit them 18 months out.

I can't disagree with the options touted above and they're likely my top choices though I'm a firm believer that newbies should buy something they'll use. I'd add a few thoughts for alternatives though. Willow Ridge platinum though somewhat lower trade power, does do fairly well and has cheaper fees. Ocean Point Gold or silver can still be good options. None lockoff's like Legend's Edge can be a good options One can often buy it cheap, the fees are not too bad and though it's not a lockoff, you can use the FL Club option and reserve for use or deposit lockoff's from other options (OP, GV and BPT mostly, only at 6 months out though). Grand Ocean Gold which goes to week 24 for HH for the right person who wants to use that week part of the time and trade at times. One should be able to get a week there OS for around $5-7 or less. Occasionally you'll see a Surfwatch, GO or Barony Platinum week relatively cheap and the trade power there will generally blow away the others mentioned and the principle applies to any high end option that does not have HI type maint fees.

 

[Queen]

What is an XYZ and how do you use it?

 

[samara64]

Fiona,

3. Shadow Ridge Enclaves 2BR Deluxe (Special because it locks off into two 1BR units and still has good MFs at ~1,100)

Greg

Are all the 2BR in Shadow Ridge Enclaves look off into a 2 1BR units or only the deluxe ones.

 

[epcmart]

Very Informative post about Marriott TSs

Bump to the Top for newbies like me.

Fiona,

You've gotten great advice here -- one of things you need to consider is how important it is to you that it be rentable for much more than the MFs. Once you start to think about its rental potential, the acquisition price will go up accordingly, because it has value as more than just a trading property.

So...from a trading perspective, in my opinion there are only three Platinum properties that have "special qualities", and I rank them as follows.

1. Grande Vista 3BR (Special because it is a 3BR and can lock-off -- I rank it #1 because it has low MFs (~$1250))
2. Grande Chateau 3BR (Special because it locks off into a 2BR and a 1BR, but has much higher MFs (~$1750)-- but having a 1BR a is much better deposit than a Studio, so may be worth the money to you)
3. Shadow Ridge Enclaves 2BR Deluxe (Special because it locks off into two 1BR units and still has good MFs at ~1,100)

Honorable Mention: Imperial Palms 3BR -- the power of a 3BR at a reasonable MF of $1,250 -- but doesn't lock-off, which hurts it as a dedicated trader because you only get one deposit

The next tier are all excellent trading properties that would do well for your trading needs. I think any of these would allow you to get most of the trades that you've considered and would be a great starting point.

In no particular order, most with MFs between $1,000 - $1,200, and all lock-off into a 1BR and a Studio:

- 2BR Grande Vista
- 2BR Grand Chateau
- 2BR Willow Ridge (note that it has the lowest MFs -- but Branson location may impact trading power vs the others)
- 2BR Shadow Ridge
- 2BR Desert Springs Villas I/II

I'm sure there are others, but this second tier is "widely available" on eBay and would likely cost $2,000 - $3,000 to purchase. The first tier trading units seem to be quite scarce and there is competition for those few when they appear on eBay.

Please note that I've not included a number of excellent Marriott properties because of what I consider a "flaw" for a dedicated trading property -- either its MFs are too high to be an effective trader (Hawaii properties, MFC) or it doesn't lock-off into two deposits (Newport Coast, Cypress Harbour). Those are still excellent weeks to own, but I'm focused specifically on the best trading properties

So.....these are my opinion, and I welcome comments on others and any clarifications from what I have missed.


........................................

I feel that it is important to put in a balancing comment on buying a Marriott trader. The Marriott landscape continues to evolve -- with the introduction of DClub, while we have continued to see excellent trades come through, we have also noticed a difference in the trading experience. Trades seem to come in more slowly, and bulk deposits from Marriott (of unused weeks) seem to come much closer to check-in date. It's not as reliable to get a trade 8-12 months from check-in as it used to be.

This uncertainty about the trading experience is the major reason I went to competitors (HGVC and Starwood) -- because I value the predictability that those point-based systems provide to me. It drives me nuts waiting for an exchange to match if it is a "core vacation" to me, so I bought the competitors where I will know exactly 8/9 months out if I got the reservation I wanted. As an example, I'm currently waiting for a MOC Studio to match (with another MOC Studio) for my Dad's unit for our 2013 family vacation. I'm six months into the request and frustrated by the lack of a match. I have a backup plan so I know my Dad will have a place to sleep (booked with DC points) but I'm simply highlighting the risk of exchanging. I think shoulder season trades will be much more predictable.

So.....I hope this information is helpful, and I welcome the contributions of others.

Best,

Greg

 

[taterhed]

Super article---just note the updated MF's for 2015 and search for the Marriott FROR database from dioxide45. Marriott is buying back and driving the resale cost of some units (on the list) to well above what's advertised. Your mileage might vary...

I did take their advice and can't wait to start. Now about that HGVC for points.....

 

[Seaport104]

Have been talking to a few timeshare agents, and they all inform me that Marriott is likely going to exercise ROFR if the price is under $5000, not quite sure if I should wait for a steal deal on eBay and test marriott's ROFR, or offer a price more than $5k

I highly doubt $5k will pass ROFR for a 3BR Platinum Grande Vista Annual. I tried for an EOY @$3,750 and it didn't pass.

If you don't want it, send the seller my way

 

[taterhed]

Of course, this is an old thread just 'bumped' to the top for newbies (like me) to read. The info is over 2 years old in the example.

You're correct: MGR 3br EY Platinum is currently being ROFR rejected by Marriott at around $8000. As of 1/2015. EOY is near $4000 (as you mentioned 2/2014 @ $3750). This is good for owners....tough if you're in the buying market. Of course, there are still several MVCI resorts without ROFR for sale....

 

[ski_sierra]

bumping again for more people to read.

 

[NYFLTRAVELER]

There is a Grand Vista 3br annual floating platinum for sale on eBay right now. Auction closes at approx 1p edt. Current bid $1300.

 

[ahdah]

I am almost positive that a 3 br GV at 1300 would NOT pass ROFR. If you want a week, and you know it will not pass, then offer what you think will pass ROFR at a price that you can live with. I bought a 3 bedroom at SurfWatch this year, it had failed at !0,000, so I gave 12,000 and it passed. I bought one last year that passed at 8,000, but not any more. I think Marriott is buying back more and this is causing the prices to go up if you want the unit. Good luck!

 

[Quadmaniac]

I am almost positive that a 3 br GV at 1300 would NOT pass ROFR. If you want a week, and you know it will not pass, then offer what you think will pass ROFR at a price that you can live with. I bought a 3 bedroom at SurfWatch this year, it had failed at !0,000, so I gave 12,000 and it passed. I bought one last year that passed at 8,000, but not any more. I think Marriott is buying back more and this is causing the prices to go up if you want the unit. Good luck!

I would still say the same, bid what you feel comfortable not what you think ROFR is, as it is totally random. I've lost units for more and gotten units for less. It never made sense, you would assume they would buy up the lower priced one as well but they didn't.

The great thing is that it is a BUYER'S market, and there will always be another. Never feel pressured into paying more to just "get pass" what you think is ROFR.

 

[TheTimeTraveler]

I would still say the same, bid what you feel comfortable not what you think ROFR is, as it is totally random. I've lost units for more and gotten units for less. It never made sense, you would assume they would buy up the lower priced one as well but they didn't.

The great thing is that it is a BUYER'S market, and there will always be another. Never feel pressured into paying more to just "get pass" what you think is ROFR.

I don't know if some type of "time pattern" is involved or not. i.e. maybe Marriott has more money to spend at the beginning of the month versus the end of the month.

I'd be curious if anyone can establish a pattern based upon the day of the week, the day of the month or the time of the year.




.

 

[Quadmaniac]

I don't know if some type of "time pattern" is involved or not. i.e. maybe Marriott has more money to spend at the beginning of the month versus the end of the month.

I'd be curious if anyone can establish a pattern based upon the day of the week, the day of the month or the time of the year.




.

Hard to do as you never know when they submit the ROFR and you don’t know when it is being looked at. They only way you conclusively see if there is a pattern is if you submitted the same resort same price for a number of days to see the variation.

I personally ignore “ROFR” and just bid what I feel I want to pay.