siberiavol
TUG Member
In a previous thread it was mentioned Marriott Resale is buying back properties. I have a few things that might answer some questions:
They offer two options. They offer a net price after fees or act as your agent by putting you on the waiting list(old system)
There are offers on many properties in many seasons. I have multiple weeks in Hilton Head and Florida and there were offers for all. They said there were more offers on east coast than western US.
The units being bought are being put into the trust.
You receive a confirming email from Marriott about the transaction and should get your money in ninety to one hundred twenty days. I have already received e-mail on sales
This is speculation only but there seems to be some correlation between number of destination points the property has and the price offered. One unit worth 1600 DC points got a $1500 offer. One unit worth 900 DC points got an $800 offer. One unit worth 4400 DC points got a $4000 offer. All the offers were after fees.
The prices and simplicity seem better than EBAY on non platinum weeks. The platinum week offers seemed below market prices.
I bought a Florida condo and am using this program to get out of some older properties that were brought primarily for trading years ago. As an enrolled DC member I am holding on to higher DC point properties.
If you have off season properties and think the platinums are close to the bottom in price you could sell to Marriott and try to buy platinums on EBAY, TUG etc That is what I would be doing if I hadn't bought the condo. Another thing I would be doing is upgrading to better properties in the same season.
I have literally traded stocks for over forty years. I have found you sometimes benefit by selling at a loss to buy something that is down more or has more upside. I see that opportunity now in timeshares.
They offer two options. They offer a net price after fees or act as your agent by putting you on the waiting list(old system)
There are offers on many properties in many seasons. I have multiple weeks in Hilton Head and Florida and there were offers for all. They said there were more offers on east coast than western US.
The units being bought are being put into the trust.
You receive a confirming email from Marriott about the transaction and should get your money in ninety to one hundred twenty days. I have already received e-mail on sales
This is speculation only but there seems to be some correlation between number of destination points the property has and the price offered. One unit worth 1600 DC points got a $1500 offer. One unit worth 900 DC points got an $800 offer. One unit worth 4400 DC points got a $4000 offer. All the offers were after fees.
The prices and simplicity seem better than EBAY on non platinum weeks. The platinum week offers seemed below market prices.
I bought a Florida condo and am using this program to get out of some older properties that were brought primarily for trading years ago. As an enrolled DC member I am holding on to higher DC point properties.
If you have off season properties and think the platinums are close to the bottom in price you could sell to Marriott and try to buy platinums on EBAY, TUG etc That is what I would be doing if I hadn't bought the condo. Another thing I would be doing is upgrading to better properties in the same season.
I have literally traded stocks for over forty years. I have found you sometimes benefit by selling at a loss to buy something that is down more or has more upside. I see that opportunity now in timeshares.