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Marriott BUYBACKS AND TAKEBACKS [2012 / Ongoing]

I need a new roof. I don't have the cash and I don't want to borrow so I made a quick call to Marriott to try and liquidate my EOY's. Here are the details:

DSV II - White 2BR EOY Odd - no wait, immediate listing - $3,400*60% = $2,040
MGV - Gold 3BR EOY Odd - no wait, immediate listing - $4,750*60% = $2,850
WR - Platinum 2BR EOY Even - direct buyback - $2,100 - $500 = $1,600
WR - Gold 2BR EOY Even - No buyback (Marriott doesn't broker MO timeshares)

So obviously they are still overpaying on WR platinum buybacks. I was surprised that there was no waitlist on the DSV II White. None of the rest was surprising. I am more than happy to keep the WR Gold. It instant trades the same as the Platinum. They did snag one from me via ROFR a while back but if they had offered $500 or less I would have declined anyway. Besides, I need to keep at least 1 unit so I remain an owner until I find something else to purchase.

It pained me to get rid of the 3BR but I can always buy another later.
 
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Saintsfanfl said:
I need a new roof. I don't have the cash and I don't want to borrow so I made a quick call to Marriott to try and liquidate my EOY's. Here are the details:

DSV II - White 2BR EOY Odd - no wait, immediate listing - $3,400*60% = $2,040
MGV - Gold 3BR EOY Odd - no wait, immediate listing - $4,750*60% = $2,850
WR - Platinum 2BR EOY Even - direct buyback - $2,100 - $500 = $1,600
WR - Gold 2BR EOY Even - No buyback (Marriott doesn't broker MO timeshares)
Click to expand...

Thanks for that information. Did you buy all of these on resale? If so, how is the buyback compared to what you paid for them?
ETA: I had more specific questions and PM'd you.
 
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presley said:
Thanks for that information. Did you buy all of these on resale? If so, how is the buyback compared to what you paid for them?
ETA: I had more specific questions and PM'd you.
Click to expand...

I did buy all of them resale. I didn't pay much for them but more and more sellers are catching on to Marriott propping up prices through buybacks and resale brokering. Marriott can get higher prices because there are benefits not to be had elsewhere like mrp conversion and DC enrollment through a points combo. And they are also Marriott so the transaction has the highest credibility.

I only paid about $1,200 total for all three depending on your accounting methods. I ended up getting the 3BR for free because it came with half free usage that I immediately rented out to cover the purchase price and the other half of the fee. I couldn't get these same deals right now. I was fortunate with the timing.
 
I don't understand them not wanting the WR Gold for the reason stated when they took the WR Platinum.
 
dualrated2 said:
I don't understand them not wanting the WR Gold for the reason stated when they took the WR Platinum.
Click to expand...

They will buy back the Plat WR but not the Gold.

And apparently they don't broker (sell) resale MO properties so you can't sell the gold (or the plat) through Marriott Resales.
 
I'm missing something then. If they can't broker a resale in Missouri, why did they buy the Platinum?
 
dualrated2 said:
I'm missing something then. If they can't broker a resale in Missouri, why did they buy the Platinum?
Click to expand...

The buy them to toss them into the Trust...to support the sale of more points and provide ressies for the DC.
 
Fasttr said:
The buy them to toss them into the Trust...to support the sale of more points and provide ressies for the DC.
Click to expand...

Since points don't have colors associated with them, I fail to see the logic here. If they could pick up a WR Gold for a song and a dance, why not do so?
 
dualrated2 said:
Since points don't have colors associated with them, I fail to see the logic here. If they could pick up a WR Gold for a song and a dance, why not do so?
Click to expand...

I think they have various ratios that they look at. Cost to purchase it back vs how many points the week supports that they can then sell via the DC. The EOY Gold may just not be worth the hassle for how many points it supports. Also, the MF to points ratio is much higher on the Gold week. Also Gold there if memory serves, is Mid March to Mid May...a very short season....where Platinum is a huge season there.....so the Platinum serves a much broader purpose of fulfilling DC ressie requests, where perhaps they already have more supply than demand in the DC for Willow Gold. I'm just spit balling my assumption of how they approach the decision, but those would be the things I would look at if I were them.
 
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Saintsfanfl said:
I did buy all of them resale. I didn't pay much for them but more and more sellers are catching on to Marriott propping up prices through buybacks and resale brokering. Marriott can get higher prices because there are benefits not to be had elsewhere like mrp conversion and DC enrollment through a points combo. And they are also Marriott so the transaction has the highest credibility.
Click to expand...

Thanks the info and also the PM. It makes my decision much easier when the time is right.
 
dualrated2 said:
Since points don't have colors associated with them, I fail to see the logic here. If they could pick up a WR Gold for a song and a dance, why not do so?
Click to expand...

Adding support for the theory that they may have more supply than demand of Gold weeks at Willow in the DC....see THIS post from the Recorded Trust Documents thread. I don't know the breakdown between Platinum, Gold and Silver of these 2.8 million points from Willow that seeded the Trust, but the number associated to Willow is certainly a big percentage of the total, and since there are many MVC resorts that had no points originally seeding the trust, I would imagine that MVC must target their dollars to obtain weeks from other resorts more aggressively than they would at Willow. Again, just my assumptions here.

Also THIS post from the same thread shows Willow Ridge as the 5th highest resort in percentage of weeks in the Trust vs total available weeks at the resort (31.7%), again supporting the theory that they may not be as aggressive in obtaining certain weeks at Willow as they may at other resorts.
 
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Just an fyi on my recent listings. I just emailed the completed agreements on Friday. I received email notification yesterday morning that they found a buyer for MGV. This morning I receive a call that a buyer was found for DSVII.
 
MVC offered me 7200 and 4200 for my NCV Plat and Gold, respectively, less 500 fees. I added them to Dioxide's buyback list, since it had no NCV. So, it appears they are buying back NCV. Surprised at the Gold offer, which one isn't bad compared to current comps, and two they had a ton of leftover inventory that went into the trust when terminating active week sales.
 
I'm selling a bunch of mine back as well. Harbour Lake Platinum $4000 net x 2 and Willow Ridge Platinum $3200 Net.
 
Marriott sent me an email offering $4400 minus $500 fees for my Ko Olina unit,
I think I will pass. I think this too low for a Hawaii property penthouse unit.
 
I spoke with a Resale Person this morning about their buyback offer and even the Rep.stated that he would not accept that low ball offer either for that resort. I asked why the buyback offer, and he stated as most had stated earlier, that Marriott needs more points DC.
 
Marriott Oceana Palms

I called Marriott and was told they are currently buying back at $4500. Since I paid $32,000, I decided renting it out every year at $3000 was a better option! There were no fees to do this, just maintenance had to be current. I made this call about 6 months ago.
 
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Frightening offer

I just received an offer for my Grande Vista EOY even for net $2200. But they were withholding 10% as a non-resident and half of the MFs had to be paid. That would mean I would receive approx. $1440. Not an attractive offer at all. Had no idea of need to pay MFs before they would buy back?:ignore:
 
MVCI Resales: BeachPlace

At this time, Marriott Vacation Club (MVC) is extending an opportunity to list your**** Platinum Season, Two Bedroom ownership at Marriott’s Beachplace Towers for $15,600. The brokerage commission for the transaction is 40% of the contract price; at closing, approximate net proceeds would be $9,360.*
Click to expand...

This is actually a pretty good deal. Bad news is that BP is my favorite timeshare.
 
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I see that my post has been moved. I didn't realize that this thread for resale listings. I thought it was for offers from Marriott to buy back your timeshare.
 
I think folks have taken to using it as a catch-all for any offers that come through Marriott, with the understanding that some involve actual buybacks while others are brokered by Marriott for resale. That's my understanding anyway.
 
An update on selling back one of my Harbour Lake PP+ week.. It is harder to travel with a baby and the kiddo now in school. I had listed it with resale at their price of $14,400 - 40% for close to 8 months without a buyer. I was the first on the list but I think they over priced it. :rolleyes: I ended up selling it back to them at $6,300 less $500 in administrative fees for a net of $5800. Was happy considering I bought it for $995 including closing costs on eBay and used it for tons of great vacations over the last several years! :D
 
Received two direct buyback offers from Marriott for Royal Palms.

Red Season (Platinum) - $4200 - $500 = $3700 net

Blue Season (September hurricane season) - $2100 - $500 = $1600 net

(The Red season was purchased for $1600 (with closing costs), late 2011)
 
I was offered $2,400 for my DSVII - white season annual unit, net $1,900. They made the same offer last year about this time. This was for a Marriott buyback. The resale listing price was $6,800 but I would be #84 on the list last time I checked. I have decided to hang on to it.
 
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