Marriott Buyback? Newport Coast Villas

[dioxide45]

You could also go with a full-service broker but they will take more off the proceeds. I don't know who specializes in NCV.

A Timeshare Broker specializes in MVC timeshare sales. A full-service broker may cost more in sales commission, but they should be earning that back in a potentially higher resale price given they may have more contacts and leads to market their listings to and people looking to buy through a broker aren't necessarily bottom feeders.

 

[DRH90277]

As was mentioned b y @jwalk03 in post #19, these are used to sell bundle packages on the sales floor. They come as an enrolled week when the buyer also buys a required minimum number of trust points direct from MVC.

Understand, but the originator of this post, dbsand, should not walk away with the expectation that the sale would yield $7,000 to them. If MVC can buy these units under the ROFR for $3 to $4,000, they are not going to get $7,000 from MVC.

 

[dioxide45]

Understand, but the originator of this post, dbsand, should not walk away with the expectation that the sale would yield $7,000 to them. If MVC can buy these units under the ROFR for $3 to $4,000, they are not going to get $7,000 from MVC.

They sure will. These weeks are listed through the Marriott resale broker. Marriott doesn't use reacquired weeks to sell in bundle packages. Those all go into the trust.

 

[dbsand123]

I'd ask them how many listings they currently have ahead of her and how many gold weeks they sold in the last 12 months. Then make the decision to list with Marriott or try to sell on your own.

I just talked with Marriott exit services. They have 217 units at this property listed now, and 44 have sold in the last year. I think the plan is to list with them, and then if by some miracle it sells in the next couple months, then great. If not, then I'll list it on TUG and/or Redweek for less to get it sold before maintenance fees are due this year.

 

[dioxide45]

I just talked with Marriott exit services. They have 217 units at this property listed now, and 44 have sold in the last year. I think the plan is to list with them, and then if by some miracle it sells in the next couple months, then great. If not, then I'll list it on TUG and/or Redweek for less to get it sold before maintenance fees are due this year.

That means it would take over four years for them to get around to selling. Though they may move through the list a little faster as people drop off before MVC gets to them or when MVC contacts them about selling they either changed their mind or already sold. If it takes that long there will be four additional years of maintenance fees to also pay out over that time, wiping out the purchase price. I agree with listing and then trying on your own. Chances are it will sell on its own long berore MVC gets around to it.

 

[Bill4728]

This is crazy stuff coming from MVC. The Newport Gold season week is worth from about $4,000 to maybe $6,000 per Redweek listings (I cut out the out of bounds asks). Keep in mind that any enrollment in the points program disappears with the sale. MVC's sale at $14,000 makes no sense without enrollment and MVC is unlikely to let a seller benefit from the value of the enrollment.

As was mentioned b y @jwalk03 in post #19, these are used to sell bundle packages on the sales floor. They come as an enrolled week when the buyer also buys a required minimum number of trust points direct from MVC.

We just were at NCV and went on a sales presentation. For $14K we'd get a gold week and had to buy 2000 MVC trust points. Works out to about $7 - $8 /pt He said he sells about 2-3 a week.

 

[dioxide45]

We just were at NCV and went on a sales presentation. For $14K we'd get a gold week and had to buy 2000 MVC trust points. Works out to about $7 - $8 /pt He said he sells about 2-3 a week.

If that 2-3 a week is correct, it doesn't really align with the 44/year that MVC quoted the OP. That would mean at least 100-150 just from a single salesperson. Could be much more with the entire sales center. Somehow I think the salesperson was exaggerating a little. Or the Op got bad info from the resale department.

 

[DanCali]

We just were at NCV and went on a sales presentation. For $14K we'd get a gold week and had to buy 2000 MVC trust points. Works out to about $7 - $8 /pt He said he sells about 2-3 a week.

It's probably closer to $10/pt...

NCV Gold election value is 2700 pts so $14K for 2700 "points" is about $5.20.
I assume the 2000 points are at $16/pt ($32K total).

So 4700 points for $46K is about $9.80.