Marriott Barony Beach advice request

[beachlimey]

I have an Oceanside timeshare in the silver season at Marriotts Barony Beach resort on Hilton Head and I am seriously thinking of selling because of the maintenance fees. I have my 2007 week deposited with Int. Inter. which i have to use by 3/16/09 or pay to extend. and my 2008 week is deposited and is good until 2/10/2010. I am still deciding wether to trade my 2009 year for points.
Do you think i should go ahead and try to exchange my 2008 week and then try to rent it to cover my maintenance fees?
Do you think someone would be interested in using the 2007 week before march. Do i let them know what is available and then exchange on their behalf? I have just joined TUG so that i can access the full benefits of this great site.
Thanks for any advice you can offer.

 

[Dave M]

I would exchange the 2008 week for points, because it appears that, for some reason, you are generally unable to use your week (your own week or an exchanged week) on a timely basis.

Also, II's rules prohibit you from renting any week that you get from II as an exchange, Getaway or other week. The penalties are severe, including cancellation of the exchanged week. Such a cancellation would put you in a very uncomfortable legal position when your renter shows up to check in and finds out the week has been canceled!

 

[FlyerBobcat]

I would exchange the 2008 week for points.....

If the 2008 week is deposited with II, how is this poossible? thx

 

[beachlimey]

I would exchange the 2008 week for points, because it appears that, for some reason, you are generally unable to use your week (your own week or an exchanged week) on a timely basis.

Also, II's rules prohibit you from renting any week that you get from II as an exchange, Getaway or other week. The penalties are severe, including cancellation of the exchanged week. Such a cancellation would put you in a very uncomfortable legal position when your renter shows up to check in and finds out the week has been canceled!

Too late to exchange the 2008 week now (would have had to do that by Dec 30 2007)
Called II to check rental policy and they confirmed they do not condone renting an exchanged week. They did say you could come to an agreement with someone using your week that they would pay your maintenance fees for the year and that wouldn't count as rent but that would be a significantly lower amount. M Fees = $900. I said i thought this was unreasonable restrictive practice and questioned why they would need to impose this rule since it did not impact them financially if someone else was renting. After being passed up the line to a couple of different people i was finally told that it was because if the renter was to damage the property I would be liable. I suggested a security deposit might take care of that but they werent impressed!
I then spoke to Marriott and pointed out that we had not been informed of this restriction at time of purchase. Had we have known maybe we would have bought in a different season so that we could rent without depositing or maybe we would have bought somewhere else like Florida with year round appeal.
To cut a long story short - they refered me to their Equity trade up dept who said i could trade my Hilton Head silver for Florida Gold with same maintenance fees and an additional payment of about $10,000!

They did mention other timeshare trade sites eg Redweek where he said they may not have the same restrictions as II.

Any comments/observations?

 

[FlyerBobcat]

... I then spoke to Marriott and pointed out that we had not been informed of this restriction at time of purchase. Had we have known maybe we would have bought in a different season so that we could rent without depositing or maybe we would have bought somewhere

That restriction is imposed by II. Why would that be Marriott's issue/responsibility to lay out the rules of II (in the event you decide(d) to stay a member of II?

 

[gmarine]

When you make an exchange, you do not own the week, therefore you cant rent it. As stated above, this is a rule that you agreed to when you joined II and is detailed in the Resort Directory. This rule does not affect the use of your own resort which is what you paid for.

 

[Dave M]

I would exchange the 2008 week for points....

If the 2008 week is deposited with II, how is this poossible? thx

Mea Culpa. I intended to refer to the 2009 week.

 

[dougp26364]

If II allowed people to exchange weeks and then rent them, people would get into the business of buying weeks resort with inexpensive MF's, they would exchange them into more popular resorts with higher MF's, and then those of us who use the system as it was it was intened (barter system of trading a week for a week) wouldn't be able to get the exchanges we request. It would turn the timesharing business into a timerenting business.

On the back side of this you would have resorts filled with renters who are not paying MF's. They're less likely to take care of the units and ground since they have less invested. When you rent, does it really matter if the MF's go up next year?

While you may feel it's "restrictive" practice, I feel it's a practice that protects those that actually own the weeks. Without this restriction you'd have a few outside small businesses buying up, trading into and renting out many of the weeks timeshare owners would like to exchange into.

 

[beachlimey]

That restriction is imposed by II. Why would that be Marriott's issue/responsibility to lay out the rules of II (in the event you decide(d) to stay a member of II?

Because had they fully informed us they may have made a bigger sale ie. gold season