Barony Platinum $34,900

[Beverley]

Thanks for all of the info. I loved Barony as did my husband and 3 kids. I could definately spend a week there no problem! I knew that when I returned home I would be questioning the price. I need someone to give me the name of a reputable resale company or individual that I can check this price against. I will feel much better when I know the comparison price for certian. If I buy resale soon will I be able to use it next summer? Thanks in advance!
Michelle

I am just putting in my vote.... ... keep it the developer week and enjoy it. Resale platinums may list from the low mid 20's to the mid mid 20's... oceanside units list for a little more resale. But, keep in mind that with ROFR if the price is much below that, Marriott will in fact take their option. HHI is a "hot" item for platinum and Marriott will not be stuck with any plat's they pick up.

The 60% is around 26K - 27K. Anything under that is a risk. This means that you (as the buyer) get to find the deal, hope for the deal, think about becoming a proud owner of a plat Barony week, think about packing, and then find that Marriott exercises their option and you are out of the deal and your summer vacation plans are scrapped.

Definitely not worth it for a resort that you like and would return to.

You're paying about 8 - 10K over the "pass the ROFR" resale price and for this you get the points option and a HASSLE free purchase. Admittedly, I am one of those tuggers who loves the points option and have used it very successfully over the years including now while I sit here at Playa and Marbella (timeshare trades) for my second week and then on to Northern England and Scotland (on points) including business class flyer seats with stop overs.

Enjoy your new purchase.

Beverley

 

[Potential Buyer Scott]

I would agree with Beverly if you are rich, paying cash and don't need the money, then keep it and forget about it.

However, I think that is unlikely for for three reasons: you were concerned about the price and came on TUG, you have 3 children, and typically only middle class people buy timeshares. I believe I read that the average income of a Marriott timeshare owner is between $130,000 and $140,000. Rich people buy fractional ownerships at a Ritz-Carlton or just buy homes where they want one.

If you would be happy paying say $22 K - $24 K. You should have no trouble with ROFR and will save $11k - $13k. This would be very easy to do.
I would estimate that the entire time should not take more than 4 hours if you are paying cash (no time spent getting financing) and you might save a few more thousand dollars if you want to "mess with it."

The "mess with it entails" working bids and sweating ROFR. For example, you could try to find one for say $18k - $20k. Then, however, it may be some effort to find that sellor (sending out a number of bids and getting back some nos) and then once you find one, you will not be sure about ROFR until you are notified. For many people at TUG, this is a fun challenge, saves them a few thousand more, and they enjoy it, for others it is a hassle.

The closing and all of that is easy and you can learn what you need to do on this board.

PBS

 

[somerville]

The 60% is around 26K - 27K. Anything under that is a risk. This means that you (as the buyer) get to find the deal, hope for the deal, think about becoming a proud owner of a plat Barony week, think about packing, and then find that Marriott exercises their option and you are out of the deal and your summer vacation plans are scrapped.

If the developer price is $34,900, how do you calculate 60% is $26K - $27K? I calculate 60% to be $20,940.