Buying Shadow Ridge on eBay / Resale Market

[afi1414]

I have considered buying a Marriott timeshare for 2 years. The prices finally made it VERY attractive. I just bid on and WON 2 auctions on eBay.

One for Shadow Ridge at 3,925 and one at Desert Springs II for 4,125.

These are the first bids I have placed and the first timeshares I have ever purchased.

Would appreciate any and all advice on what to do now, what to watch out for and the likelihood they will pass Marriott ROFR.

Also - interested in Desert Ridge, and looking for current pricing for closed auctions or resales.

 

[Quimby4]

Welcome to TUG
The seasons of each property will really determine the value.

Check out this website for prices
http://dioxide45.tripod.com/cgi-bin/rofr.cgi
After you hear back about ROFR on your purchases it would be great if you could post your results on the website above.
Thanks!

 

[vacationtime1]

I think you did well. I have been tracking eBay for Marriott resorts in the Palm Springs area (Desert Springs I & II and Shadow Ridge); gold weeks like what you purchased are trading in the $4,500 range (with a strong downward trend in the past couple of months). I would not worry about ROFR because Marriott seems to be generally disinterested in adding inventory during the past few months.

What to do now? First, use an independent escrow holder to do the transfer if at all possible (your sellers probably have captive escrow companies and you may be stuck using theirs, but you can try). Next, have your sellers reserve 2009 use weeks for you; Marriott is taking months to transfer ownership, even after the deed is recorded, so get your reservations now, to be transferred to you in escrow. Last, be patient.

 

[Bill4728]

At this time of year, buying a TS can be a great deal. Many people are selling so they don't have to pay next year's MFs.

RE the MFs:

You want to make 100% sure that they pay 2009's MFs during closing. If you are planning on using the week, you should pay the fee but by the time you close and get accepted by Marriott, the fees could be significantly overdue. So make sure they pay them and you can pay them back for doing so.

 

[WalnutBaron]

At this time of year, buying a TS can be a great deal. Many people are selling so they don't have to pay next year's MFs.

RE the MFs:

You want to make 100% sure that they pay 2009's MFs during closing. If you are planning on using the week, you should pay the fee but by the time you close and get accepted by Marriott, the fees could be significantly overdue. So make sure they pay them and you can pay them back for doing so.

Wow...excellent advice. I'm looking at buying a resale week but had not thought of this. Thank you, Bill.

 

[TSman]

When do I need to pay the maintenance fee before I have to pay late fee. I bought DSVII recently, and it is still at the closing process. What should I do?

 

[applegirl]

afi,

So what season did you buy? These are great prices for any season!

We like our Shadow Ridge Silver for trading.

Janna

 

[Dewnay]

When do I need to pay the maintenance fee before I have to pay late fee. I bought DSVII recently, and it is still at the closing process. What should I do?

I'm also in the closing process for a purchase. The closing agent obtained an estoppel letter from Marriott which confirmed that the 2009 fees maintenance fess had not been paid and were due by 1/9/09. As a result, these fees were included in my closing costs. The closing company will pay the fees to Marriott out of the escrow funds by the due date.

Dewnay

 

[TSman]

I've already sent my closing cost to the closing agent. I guess I will send supplement to them for the 2009 maintenance fee.

 

[afi1414]

afi,

So what season did you buy? These are great prices for any season!

We like our Shadow Ridge Silver for trading.

Janna

The Desert Springs contract says Deeded week 47, floating week 22-27 and 36-49.

The Shadow Ridge contract says Deeded week 41, floating week 22-27 and 36-49.

 

[davidvel]

That is gold season

 

[Jaybee]

Hmmm...according to my chart, that is white season, and the season we own. Jean

That is gold season

 

[davidvel]

Hmmm...according to my chart, that is white season, and the season we own. Jean

You are correct it is White for Desert Springs. I was referring to Shadow Ridge.

For the OP, here are the links to the calendars:

SHADOW RIDGE:
http://www.vacationclub.com/common/vc/en-us/resorts/sr/pdfs/sr_calendar.pdf

DESERT SPRINGS II:
http://www.vacationclub.com/common/vc/en-us/resorts/ds/pdfs/ds_calendar.pdf

 

[Jaybee]

Oops! Sorry! All the colors and the gemstones confuse me mightily.

 

[LovinTheTropics]

I bought a Shadow Ridge Gold on ebay for $4,500 earlier this year.
just locked it off, traded the studio side for a 1 bedroom platinum at Shadow Ridge and the 1 bedroom side for a 2 bedroom platinum at Shadow Ridge the next week.....

for the 1 bedroom side, I saw everything from Paris to Frenchman's Cove to Kauai (during the holidays)

 

[Quimby4]

I bought a Shadow Ridge Gold on ebay for $4,500 earlier this year.
just locked it off, traded the studio side for a 1 bedroom platinum at Shadow Ridge and the 1 bedroom side for a 2 bedroom platinum at Shadow Ridge the next week.....

for the 1 bedroom side, I saw everything from Paris to Frenchman's Cove to Kauai (during the holidays)

Good news on trading. I just bought Marriott Desert Springs Villas - Gold for $2050

 

[thinze3]

Good news on trading. I just bought Marriott Desert Springs Villas - Gold for $2050

If you bought DSV II you got a good deal.
If you bought DSV I you got a great deal.
Either way - you win. Congrats!

Terry

 

[Quimby4]

If you bought DSV II you got a good deal.
If you bought DSV I you got a great deal.
Either way - you win. Congrats!

Terry

Why would Phase I be a better deal then Phase II?

Maint. fees seem lower in Phase II.

I am trying to verify the deed with Marriott and their is some confusion as to weather it is I or II....

Thank You!!

 

[TheTimeTraveler]

I think DSV 1 have much larger Villas.

 

[dioxide45]

Why would Phase I be a better deal then Phase II?

Maint. fees seem lower in Phase II.

I am trying to verify the deed with Marriott and their is some confusion as to weather it is I or II....

Thank You!!

DSVI also has access to the hotel amenities I believe.

 

[thinze3]

Why would Phase I be a better deal then Phase II?

Maint. fees seem lower in Phase II.

I am trying to verify the deed with Marriott and their is some confusion as to weather it is I or II....

Thank You!!

I think in general that they (DSV I) sell for a higher amount due to several factors, including use of amenities of the nearby JW Marriott and Spa, slightly larger units, fireplaces, and garden style whirpools.

From what I have read DSV II doesn't offer these things mentioned. DSV II is newer and many people prefer the layout of these units over DSV I. Both are very good timeshares that great value in use, rent and tradibility. IMHO

Terry

 

[afi1414]

Update - ROFR

Just wanted to post an update here.
I was informed that my winning big passed Marriott ROFR in only 8 days.
$4,125.00

RESORT: Marriott's Desert Springs Villas II, Week 47, Riverside County, California. Annual Deeded Property. Two bedroom (Deeded as Unit #4505/Week 47/Villas II), Two bathroom (Sleeps six). Floating weeks 22-27 & 36-49 (On a reservation basis - Fri/Sat/Sun Check-in/out) Buyer’s First Year Use: 2009 at the resort and Annual Dues Responsibility Begins: January 2009

 

[FlyerBobcat]

ROFR web page

Just wanted to post an update here.
I was informed that my winning big passed Marriott ROFR in only 8 days.
$4,125.00

Congrats! For everyone's future reference, can you please post your data to:

http://dioxide45.tripod.com/rofr.html