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Marriott BUYBACKS AND TAKEBACKS [2012 / Ongoing]

Gave up waiting on my email inquiry and called.

Here are the offers:

Go on the resale wait list for:
Manor Club Platinum, original section, $7,800 less 40% net $4680
Harbour Point week 32, $7,000 less 40% net $4200

I received immediate buy offers on both;
Manor Club Platinum, original section, $2100 net to me
Harbour Point week 32, $1000 net to me

I do not plan on selling either of them to Marriott at this time. The Manor Club offer is more tempting to me than than the HP offer is I must say.

Ray
 
About 4 years ago I would buy 2 bedroom units at a certain Resort on Ebay for around $100 plus closing costs. The Resort would then buy them from me for my cost plus a couple hundred bucks then sell them at full freight to new Owners. What Marriott is doing is not much different except that they are cutting out the middle man.

George
 
Accepting Marriott's offer and selling directly to them is clearly a cleaner transaction. Granted that you have a loss versus what you paid for the Week but you are getting paid the market price for your Week today. Thus both you and Marriott should be happy with the transaction.

George
 
About two months ago I called the Resale Department and was offered $4300 (minus $500 closing) for my platinum Harbour Lake week. I mulled over the offer and called back today to take it. Of course now they are offering $2700 (minus $500). I asked the Rep what caused the change and he said this is a temporary program and Marriott is scaling back what they are buying with plans to stop. I know to take what they say with a grain of salt but I figured I'd share it here.
 
celosch said:
About two months ago I called the Resale Department and was offered $4300 (minus $500 closing) for my platinum Harbour Lake week. I mulled over the offer and called back today to take it. Of course now they are offering $2700 (minus $500). I asked the Rep what caused the change and he said this is a temporary program and Marriott is scaling back what they are buying with plans to stop. I know to take what they say with a grain of salt but I figured I'd share it here.
Click to expand...

An offer is only good for about a week. The prices go up and down based on what Marriott needs and what they determine the market is at. If they need 10 units of the same type they are likely to pay more for the first two than they will the last two.
 
celosch said:
About two months ago I called the Resale Department and was offered $4300 (minus $500 closing) for my platinum Harbour Lake week. I mulled over the offer and called back today to take it. Of course now they are offering $2700 (minus $500). I asked the Rep what caused the change and he said this is a temporary program and Marriott is scaling back what they are buying with plans to stop. I know to take what they say with a grain of salt but I figured I'd share it here.
Click to expand...



Did they stick by their original offer to you? Are they going to pay you $3,800 or $2,200...?



.
 
TheTimeTraveler said:
Did they stick by their original offer to you? Are they going to pay you $3,800 or $2,200...?
Click to expand...

The verbal quotes are only good for a week. I even called at less than a week and the rep said "let me see if the amount has changed". Since it was the same it wasn't an issue but they told me you have about a week to decide.

Since the quote is verbal it is not binding, so technically they can change the amount at any point in time.
 
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I've had them email me quotes and they always come with a date that I must accept by.
 
They made me an offer in Sept. 2012 and I declined. They submitted the same offer in Nov. 2012. I made a counter offer (which was $2000 more than their offer) and they declined. I said I'll think about it. I made the deal. They paid me much less than I paid them, but much more than I could get on "the open market". And they reimbursed the MFN I paid for the usage year they purchased.
 
Help, Marriott wants to buy my Barony

Got e-mail from Marriott the other day offering us $7,550 for our Garden Barony Platinum, $750 in administration fees and clearing $ 6800. They are only giving us a week to decide. Is this a good deal ??
 
marriott manor club sale back to marriott

:)succesful sale back to marriott completed - money isin the bank.- transaction was professional and painless and took a little over 3 months from initial phone call to resale dept. to wire transfer.
 
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neatnik said:
:)succesful sale back to marriott completed - money isin the bank.- transaction was professional and painless and took a little over 3 months from initial phone call to resale dept. to wire transfer.
Click to expand...

I sold my Cypress Harbor back to Marriott also. Very painless transaction. Also took about three months.
 
Be sure to add these to the Buyback Database if you haven't already done so. The link is in my signature.
 
Called Marriott resale to see what they might offer me for a few weeks I may look to move.

They offered me $1800 on the spot for my Monarch week 40 which is a very good offer considering what I paid and shockingly only $3900 or so for my Myrtle Beach OceanWatch July 4th OS unit.

They also gave me numbers if I were to ever successfully resell through them at $7000 and $17k + respectively.

I told them to put me on the waitlist for the resale and if the time came I'd jump on the Monarch offer and might consider the MOW OS as I now have (2) MOW OF Plats so the OS I'd consider moving to redo a bathroom or buy a car.

Its nice to know at the very least that if things go bad for owners there is an out for some properties.
 
That is a pretty nice buy back offer on the Monarch week and a laughable offer on the OceanWatch unit. If you ever get so tired of that OceanWatch week that you want to take their offer let me know first :rofl::rofl:
 
benyu2010 said:
Some lists are extremely long. With Marriott sales at resort not actively promote week (re)sales, it may takes years to reach the top for the listing.
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Ask Marriott where you are on the list. Some lists are long, some aren't. Once you find out, decide whether you will use, rent, trade, etc in the interim. It took Marriott over 3 years to sell my Sabal Palms Week, 3 months to sell my Monarch Crown Suite.

George
 
I called out of curiosity regarding our Harbor Lake platinum plus week. They said to list the week with them resale would be $14,400 - 40% commission would net us $8640. Takes 3-5 days to set up a broker agreement and no waiting list. They didn't offer a straight buy back and I didn't push the issue.

We use the weeks as great traders in II and have always enjoyed the weeks. Just got back from MOW and heading to Grande Ocean for 4th of July week!:whoopie:

Now I am tempted to sell and buy a resale Grande Vista to trade. I purchased the platinum+ week off eBay for $997 including closing.. $8640 doesn't sound bad!
 
ScubaKat said:
I called out of curiosity regarding our Harbor Lake platinum plus week. They said to list the week with them resale would be $14,400 - 40% commission would net us $8640. Takes 3-5 days to set up a broker agreement and no waiting list. They didn't offer a straight buy back and I didn't push the issue.

We use the weeks as great traders in II and have always enjoyed the weeks. Just got back from MOW and heading to Grande Ocean for 4th of July week!:whoopie:

Now I am tempted to sell and buy a resale Grande Vista to trade. I purchased the platinum+ week off eBay for $997 including closing.. $8640 doesn't sound bad!
Click to expand...

The resale department doesn't even list any Harbor Lake weeks for sale. I had thought they wouldn't list them but perhaps they just don't have any to list. I would list it in a heartbeat and hopefully they have a buyer already waiting.
 
bogey21 said:
Ask Marriott where you are on the list. Some lists are long, some aren't. Once you find out, decide whether you will use, rent, trade, etc in the interim. It took Marriott over 3 years to sell my Sabal Palms Week, 3 months to sell my Monarch Crown Suite.

George
Click to expand...

Thanks, George

I don't wanna part away with any of my weeks, yet...It seems never hurt to ask or list though...
 
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