Is it easy to sell a Grand Chateau 1br?

[DaveNV]

Fellow Tuggers,

My brother and sister-in-law are struggling with the payments on a 1br they bought at Grand Chateau in Las Vegas. They want out, and are willing to let it go for the balance they owe, rather than have it go into foreclosure. (I won't name the amount they owe because this is not a For Sale ad.) I just heard about this today, and I told them I'd ask for advice from all of you.

I know nothing of Marriott systems, their value, or how easy it is to sell one. I'm hoping you can give me the "real deal" low down on whether they stand a chance of finding a new owner for this t/s, or is it just easier to let it go back to the developer.

Any advice you can provide in a hurry would be most appreciated.

Thanks,
Dave

 

[isisdave]

The news is not good. This annual 1br
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=350129166884 recently sold on eBay for $1800.

A little earlier, this EOY
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=110302288433 brought a little more.

 

[UWSurfer]

It is generally not easy to sell a timeshare when the economy is fine. Now that it is not fine, timeshares sell (if one is lucky) for very, very little. Those which sell are for weeks which have been fully paid off.

If money is still owed on the unit, it's pretty much impossible to sell unless the amout owed is paid off by the sale price. As was posted in the previous reply, those which are selling aren't getting much for them.

I'm sorry we don't have better news for you.