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Marriott BUYBACKS AND TAKEBACKS [2012 / Ongoing]

davemy said:
:whoopie::bawl:Today Marriott offered to buy back my Beachplace towers and I accepted. The very first day that Marriott rolled out the DC I contacted resales and told them I wanted them to sell it. How long ago was that? I bought this direct from marriott 13years ago. We have had wonderful Family Vacations. My Kids are now 22 and 18. They are going to bummed, but i still will own Grand Chateau that i primarily use as a trader. This timeshare doesn't owe me a time. The value that i have gotten out of this Timeshare over the years far exceeds the money they are paying me.
One of the reason I am selling is the ease, that this process is going to be and now that my kids are not on a school schedule I can travel anytime I want and I think I will be just fine renting. I know someone will ask, It was platnium and I will be netting $5300.00 dollars. If i would have never bought this timeshare, I would have never been able to go to Hawaii, Aruba, Newport Beach, and Oceanwatch on points.
Click to expand...

First-off Congratulations!

Be assured that your memory of these financial transactions both at entry and exit will not linger too much further into the future. The vacation experiences with your family and friends will last forever and that's the only thing that counts.

I wouldn't be sad at all. I would look back at the whole process and say that everything worked out to your satisfaction.

Best,
FT
 
Perfect explanation and positive PR for why Marriott is an awesome timeshare experience.
 
davemy said:
:whoopie::bawl:Today Marriott offered to buy back my Beachplace towers and I accepted. The very first day that Marriott rolled out the DC I contacted resales and told them I wanted them to sell it. How long ago was that? I bought this direct from marriott 13years ago. We have had wonderful Family Vacations. My Kids are now 22 and 18. They are going to bummed, but i still will own Grand Chateau that i primarily use as a trader. This timeshare doesn't owe me a time. The value that i have gotten out of this Timeshare over the years far exceeds the money they are paying me.
One of the reason I am selling is the ease, that this process is going to be and now that my kids are not on a school schedule I can travel anytime I want and I think I will be just fine renting. I know someone will ask, It was platnium and I will be netting $5300.00 dollars. If i would have never bought this timeshare, I would have never been able to go to Hawaii, Aruba, Newport Beach, and Oceanwatch on points.
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All the bittersweet feelings you shared are perfectly understandable. I hope you and your family continue to enjoy wonderful vacations - that's what all this is supposed to be about. Thanks for posting. :)
 
It is great that Marriott has begun offering these buybacks.

Be sure to add the details of your offer to the Buyback Database that I created. See this thread.
 
jimf41 said:
Nice post Dave. Although I don't think I would have sold it. I've been to North Tonawanda and I've been to Ft Lauderdale. It's a lot warmer in Ft Lauderdale this time of year.:)
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haha I agree! We are going to Beachplace for Easter School break with 18Year old daughter and her friends and can't wait. We broke the news to the kids and they think were crazy! I told them we could still trade in hopefully or rent.
 
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Marriott called me Wednesday asking if I wanted to sell my BecahPlace. This was after I had emailed them about 5-6 weeks ago and responded 'no' to their emailed offer. I told them that if their price increase to please let me know.

They truly must be selling these platinum BeachPlace units.


I just received this offer from Marriott for my BeachPlace Towers platinum unit. It is higher than the recent eBay sales we have seen and very close to what I paid for it several years ago.
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At this time, Marriott Vacation Club International (MVCI) is extending an offer to purchase your Platinum Season 2 Bedroom Excellent View week at Marriott’s Beach Place Towers for $5,800 less $500 administrative and processing fees. At closing, your approximate net proceeds will be $5,300*. The first year occupancy to MVCI will be 2014. The closing timeframe is anticipated to be within 120 days of your acceptance.
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__________________
 
thinze3 said:
Marriott called me Wednesday asking if I wanted to sell my BecahPlace. This was after I had emailed them about 5-6 weeks ago and responded 'no' to their emailed offer. I told them that if their price increase to please let me know.

They truly must be selling these platinum BeachPlace units.
Click to expand...

It's not for resale. It is to add the week into the trust. If they were reselling it they would offer you $9,360 net.
 
So where do I call???

So where is a good number to call to see if they are interested in buying my timeshare?? Anyone that can lead me the right way...

I own a Harbour Lake, and Birch at Streamside..
 
ikahros said:
So where is a good number to call to see if they are interested in buying my timeshare?? Anyone that can lead me the right way...

I own a Harbour Lake, and Birch at Streamside..
Click to expand...

Use the contact info or "Request Information" button at this link to Marriott Resales Operations.
 
Is Marriott buying back Ko Olina? I was talking to a seller who says they are buying her two bedroom ov for over $9k. That seems high to me.
 
larryallen said:
Is Marriott buying back Ko Olina? I was talking to a seller who says they are buying her two bedroom ov for over $9k. That seems high to me.
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There aren't any Ko 'Olina weeks in dioxide's Buyback Database to confirm if Marriott's buying them or not. Plus, it appears that some of their buyback activity is opportunistic meaning nothing related to the program is etched in stone, including which resorts they're accepting on any given day and at which price. The $9K offers you mention don't sound out of the realm of possibility based on all the other offers we've seen that are higher than the current selling prices on the external market.
 
Canyon Villas

Last week, Marriott offered to buy back our Gold Week at Canyon Villas for $2100. After fees, the net would be $1600.

I can rent out the week for more than that.

We said NO.
 
Ggatorgirl said:
Last week, Marriott offered to buy back our Gold Week at Canyon Villas for $2100. After fees, the net would be $1600.

I can rent out the week for more than that.

We said NO.
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Do you typically rent out that week or do you use it? So net of MFs, do you clear $600 or more annually? One thing to consider is selling it to Marriott, and then buying another one on ebay with closing costs paid by seller.
 
Beefnot said:
Do you typically rent out that week or do you use it? So net of MFs, do you clear $600 or more annually? One thing to consider is selling it to Marriott, and then buying another one on ebay with closing costs paid by seller.
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I did this with two Ocean Pointe ocean side Silver units. With the proceeds I turned around and bought two oceanfront weeks. The drawback is that Marriott takes forever and a day to close so I paid for the oceanfronts long before I will eventually be paid by Marriott.
 
Ggatorgirl said:
Last week, Marriott offered to buy back our Gold Week at Canyon Villas for $2100. After fees, the net would be $1600.

I can rent out the week for more than that.

We said NO.
Click to expand...

In addition to occasionally renting it out, we often lock off use each as traders and have gotten some very good trades, albeit it mostly in shoulder seasons.

It really annoyed me knowing that Marriott would turn around and sell the 1800+ DC points allocated to this unit for over $18,000...over 10x what they paid me for it! What a mark-up!!
 
Is there a reason this spammer hasn't been booted? He seems to be a blatant one who keeps coming back for more.

[Refers to spam post that has been deleted. From our posting rules, Rule 8:

Avoid replying to messages to point out bbs rule infractions
Leave this to BBS Administrators and Moderators. When you jump in, it makes for even more work on the part of the administrators to clean up the mess. If you feel a message is improper, you may report it to the BBS Staff by clicking on the
report.gif
icon in the message.

Makai Guy, BBS Administrator]
 
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Nickfromct said:
Looks like he just signed up today.
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Yes, and he bombed the board with 35 spam posts over half an hour, starting around 6am EDT. :wall:

Thanks to people properly reporting them, they've all been removed and the user has been banned. :whoopie:

Now back to our regularly scheduled programming ...
 
Those of you that have gotten buy back offers from Marriott, how did you contact them? Did you e-mail or call? How long did it take to get a response? I e-mailed them late last week and am just wondering how soon I should expect a response. I do not plan on selling either one of mine, but thought I would add them to the data base.

Ray
 
rsackett said:
Those of you that have gotten buy back offers from Marriott, how did you contact them? Did you e-mail or call? How long did it take to get a response? I e-mailed them late last week and am just wondering how soon I should expect a response. I do not plan on selling either one of mine, but thought I would add them to the data base.

Ray
Click to expand...

I did the email inquiry form and the email response I received stated the two options but I had to call to initiate contact. I don't think you are going to ever get a response of any substance by emailing them. If you call the resale department it should take less than 2 minutes to find out if they want to buyback and what their offer is.
 
Marriott Desert Springs Villas ROFR question

what are the chances of a high season annual week (weeks 1 thru 21) selling for 1000.00 getting by the ROFR?
Thanks
 
The company is Groupwise,inc...never heard of them and a little worried about that low of a price.
Tod
 
tcf1947 said:
The company is Groupwise,inc...never heard of them and a little worried about that low of a price.
Tod
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I wouldn't let the low price be a worry. They are not doing proper research on pricing before they place ads. I recently snagged an Ocean Front unit from them that they had on Redweek for a lower price than Marriott is performing buyback for Ocean Side. It passed ROFR but keep in mind that they added all closing and transfer fees into the ROFR as well as the Maintenance Fee reimbursement. It boosted the price considerably. Some sellers do this as a regular practice.

My closing is in process but no deed to verify yet. I did my due diligence on both Groupwise and the unit I am purchasing and I was comfortable to proceed. When it comes to a cheap timeshare though I am not overly picky. I accept a level of risk.

They learned their lesson on their low price and recently listed an Ocean Side for $750 more than the Ocean Front I bought from them.
 
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