Interested in buying Marriott resale..don't know how. [Duplicate threads merged]

[nanceetom]

Confused on how to buy a potential resale

We own 3 timeshares bought years ago from the developer, Marriott. We potentially could be considering purchasing a resale, but are confused and have no idea how or the process. We've searched e-bay and this forum. How would you know if there's money owed on the sale. Would you need to have a broker before you bid on these to check out the facts? Any direction or help so we can do our research would be appreciated.

 

[AwayWeGo]

Timeshare Closing Agent.

Professional timeshare closing services agency takes care of all that stuff so you don't have to.

Broker is not needed.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[nanceetom]

I've read so many posts about do and don'ts on purchasing. We're fairly interested in purchasing a marriott resale [location deleted]. Since our original purchases years ago were from the developer, we have no idea the ins and outs. Been looking at tug resales, redweek and e-bay. If you put a bid in on e-bay, how do you check the legality of it, ie, if money is owed on the property? Do you use a broker for redweek or the tug ads or just contact the person and then do checks with the Marriott on your own? Any direction to begin our research would be helpful.

 

[kjd]

I don't know about Redweek or the others because I bought all of my resales on ebay. I believe ebay prices are the lowest. The sellers on ebay can be checked out and I suggest that the ones with more past business are a little safer to deal with. (Not always but usually)

Many of the sellers use a timeshare closing company that can be checked and even contacted by you for questions that you may have. My closings went smoothly so I have nothing but good things to say about ebay. However, there are other people who have reported problems.

The timeshare industry is a jungle and "buyer beware" is a key component. I would advise anyone not to develop a case of "timeshare fever". Know what you want and how you want to use it before considering a purchase.

 

[DeniseM]

FIRST - Click on the ADVICE link in the red bar, and read some of the articles about how to buy on the resale market.

1. Check out the reputation of the ebay seller on TUG - BEFORE bidding.
2. Use the link on ebay to ask the seller all your questions before you bid.
3. If you win the auction, do not pay upfront - ask for the estoppel letter first to verify all the details.
4. If the details do not match - you have the legal right to walk away from the deal with no consequences.
5. Use a reputable closing company to handle all the details - that means checking out the sellers closing company before you bid.

You don't have to buy on ebay - you can also buy in the TUG Marketplace, Redweek, Myresortnetwork, etc.

You can also use a reputable broker - see the ratings forum which is a sub-forum of this one. That will cost you more, but they will walk you right through the whole process.

 

[Rent_Share]

We own 3 timeshares bought years ago from the developer, Marriott. We potentially could be considering purchasing a resale, but are confused and have no idea how or the process. We've searched e-bay and this forum. How would you know if there's money owed on the sale. Would you need to have a broker before you bid on these to check out the facts? Any direction or help so we can do our research would be appreciated.

Sounds like you would be willing to pay a premium for hand holding through the transaction


http://www.sellingtimeshares.net/

The Broker (Seth Nock) here is not the cheapest but is often recommended for Marriott resales