Help with pricing a Frenchman's Cove Timeshare

[dsafety]

I have a rather unique timeshare property that I would like to sell. I have read all of the TUG advice articles and watched the video but still have a question on how to price this property. It is a Platinum Marriott Frenchman's Cove 2br unit with every other year occupancy. Marriott stopped selling the EOY units a few months after the resort opened. I have not been able to find any sales comps that are EOY and not annual occupancy.

There are a number of current and completed sales for Annual Platinum units that hover around $10k. Should I price my EOY unit at half the annual price or a little more, say around $7k? I want to sell this unit since is too far from where we live to visit regularly. I am in no big hurry but would like to sell within the next year or so.

Any advise that you can provide would be helpful and appreciated.

 

[TXTortoise]

You might track listings on Redweek for awhile and see what EY sells for, i.e., units get marked SOLD, and assume less than asking is final price, and start at 60%.

If the EY units aren’t moving, maybe assume they are overpriced and adjust accordingly.

You might see if Marriott has any on their resale site and/or see how long the list is there. They price high, you net 60%, which may be close to what you get selling it yourself.

If you’ve had it that long is there any value to you enroll and convert to Destination Points and use those at resorts closer to you?

 

[jlp879]

Take a look at this old thread, https://tugbbs.com/forums/index.php?threads/frenchmans-cove-eoy.66356/

Post #8 mentions, "The resale EOY's consistently go for 40% or less of the price of an annual unit. They are truly white elephants."

Also, check out what some other sites have their weeks posted at.
http://www.sellmytimesharenow.com/timeshare/Marriott's+Frenchman's+Cove/resort/