It seems to me that Marriott resales would be in a much better position to sell a unit quickly then advertising it on various web sites. Goodness knows they have the marketing know how. Anyway as far as time to sell is concerned they listed my MBY in mid may and called me three weeks later to say that they were sending a contract out for signature. That purchaser changed his mind so no sale. Less than a week after the first sale fell through they had another contract and this one went through so total time from listing till a signed contract was received was about 6 weeks. That is pretty good in my book and I didn't have to lift my finger except to call them and send in the listing agreement.
-
The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!
Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day! -
TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!
Read about our 30th anniversary: Happy 30th Birthday TUG! -
TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!
Free memberships for every 50 subscribers!
Visit TUG on Youtube! -
TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!
Read more here: TUG saves owners more than $21 Million dollars -
Sign up to get the TUG Newsletter for free!
60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners! -
Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!
All T-shirt options here!
Manor club resale prices down
- Thread starter gmarine
- Start date
Jpollo
TUG Member
- Joined
- Jul 1, 2008
- Messages
- 58
- Reaction score
- 6
- Points
- 368
- Location
- Southern Oregon
- Resorts Owned
- Marriott Waiohai
That was then this is now. It's not naive at all to think the Marriott might have trouble selling timeshares in this market.
I think MikeM132 was just voicing healthy skepticism.
Last edited:
Jpollo
TUG Member
- Joined
- Jul 1, 2008
- Messages
- 58
- Reaction score
- 6
- Points
- 368
- Location
- Southern Oregon
- Resorts Owned
- Marriott Waiohai
Is that really true? Just curious as I've heard mixed things on this. Where did you get this information?
I read a post by a bankruptcy attorney who said that it's at the discretion of the bankruptcy judge - and although this attorney didn't know for sure, he thought that most judges would try to recognize ROFR (i.e. allow for the property to be auctioned quickly, but also allow Marriot to excercise ROFR).
Maybe my quote wasn't very clear.
I wasn't saying that sales would slow down. I actually believe that they already have slowed down (for about the last year).
I was pointing out that they weren't going to lower their price. They'll still get the profit margins that they want. On new development they have the ability to slow down the construction process and defer building later phases. On resales, their costs are very low, and don't forget that they already sold it once.
I wasn't saying that sales would slow down. I actually believe that they already have slowed down (for about the last year).
I was pointing out that they weren't going to lower their price. They'll still get the profit margins that they want. On new development they have the ability to slow down the construction process and defer building later phases. On resales, their costs are very low, and don't forget that they already sold it once.