Marriott Resales

[Saintsfanfl]

Hi guys,

I was looking for information if Marriott is still doing buybacks and/or brokered resales. I have done many of both in the past but I know at some point that website basically went dark. I am not looking to off load any of mine at the moment but my Uncle bought two Ocean Pointe units pre-construction and two units resale. He no longer goes and just rents them out but he is ready to be done with it so before I have him post resales on Redweek I just wanted to check the latest with Marriott doing a direct or a brokered.

Thank you,
Saintsfalfl

 

[Fasttr]

Still talks about a resale program here....

Marriott Vacation Club

Exciting vacations at over 50 resorts in 7 countries.

www.marriottvacationclub.com

I'm sure it greatly depends on the resort/season/unit/view, etc., whether they would consider it, or just offer a takeback.

 

[dioxide45]

Hey, long time no see

Marriott still has both programs. Though outside of extraordinary weeks, they don't pay anything for a deedback. No fees or anything, but they will take straight deedbacks. They also have the brokered resale operations as they sell quite a number of bundle deals using these listings. Here is information on how to contact them to find out your options.

Marriott Vacation Club

Exciting vacations at over 50 resorts in 7 countries.

www.marriottvacationclub.com

 

[Saintsfanfl]

Thank you!

 

[BreakingAway]

Thank you!

My own experience a few years ago when I asked Marriott what they would pay me for the weeks I owned, I was offered $3,000 for one of the weeks. I posted a resale ad and accepted an offer for $9,000 two weeks later. They offered to take the other weeks for $0. I sold one of the weeks for $5,000 but it took 2 months. I kept the rest which are selling for $5-9,000 each. I think Ocean Pointe weeks in any season have good value on the resale market. Or you can “gift” them to Marriott.

 

[DRH90277]

Redweek listings are not very expensive and there is little risk. You can also use their full-service alternative. I would not hesitate to list there - little risk and easy to use.

 

[needtotravel]

I just saw Marketplace for timeshares to buy.

 

[TXTortoise]

A couple of thoughts, I haven't run the numbers in awhile but while MVC will broker your week for a 50% commission, they sell at such a high price your net may be close to the resale market value. You can also where in the queue your week would be. No reason you can't do both and see which one hits first.

Redweek is useful if selling yourself, but I'd be less enthused about using Full Service vs your own broker. My experience has not been good, though others have done better. Likely depends on who you get assigned. My biggest concern is I've seen two recent listings for Maui Lahaina 2BR OF via RW Full Service, both offered at values that will clearly not pass ROFR...granted, which doesn't affect the seller, but leaves money on the table. Their listings have also been wrong, particular when it comes to fixed week units on Maui. Not an issue for your week, but I'd either just list myself and close through LT Transfers or Paul Larki, https://timeshareclosinggroup.com/. A broker will likely charge 20% or $2K commission, whichever is greater.

 

[davidvel]

A couple of thoughts, I haven't run the numbers in awhile but while MVC will broker your week for a 50% commission, they sell at such a high price your net may be close to the resale market value. You can also where in the queue your week would be. No reason you can't do both and see which one hits first.

Redweek is useful if selling yourself, but I'd be less enthused about using Full Service vs your own broker. My experience has not been good, though others have done better. Likely depends on who you get assigned. My biggest concern is I've seen two recent listings for Maui Lahaina 2BR OF via RW Full Service, both offered at values that will clearly not pass ROFR...granted, which doesn't affect the seller, but leaves money on the table. Their listings have also been wrong, particular when it comes to fixed week units on Maui. Not an issue for your week, but I'd either just list myself and close through LT Transfers or Paul Larki, https://timeshareclosinggroup.com/. A broker will likely charge 20% or $2K commission, whichever is greater.

BreakingAway's specific examples seem counter to your suggestion to sell to Marriott

 

[TXTortoise]

BreakingAway's specific examples seem counter to your suggestion to sell to Marriott

Not selling to MVC, they just broker. Net Values will vary by resort and week.