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not your typical resale vs direct question

L

laurac260

And my apologies upfront if this has been discussed somewhere, but could not find the thread.

Here's the question:

If I were a SELLER (which I am not), and was trying to decide whether to let Marriott "buy back" my week, or have a resale agent sell it for me, how much commission would I expect Marriott to take, vs how much commisison should I expect a resale agent to take? I know I could try to sell it myself, just wondering what percentage I would expect to pay Marriott or a resale agent before I netted.
 
Past information I've read on TUG seemed to indicate that "if" Marriott agrees to resell your unit at "direct" price, their take is 40%.

But there has been lots of discussion "if" they do that. You seem to have a better chance if you bought direct -- and certainly if they are in need of units to sell at the resort. Resales buyers have report that Marriott has resold their highly desired units, in some cases.

As far as an agent's commission.... I'll throw out a rough figure of maybe $1500 on a good priced unit.

But let's hear the discussion on that one now.....
 
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Past information I've read on TUG seemed to indicate that "if" Marriott agrees to resell your unit at "direct" price, their take is 40%.

But there has been lots of discussion "if" they do that. You seem to have a better chance if you bought direct -- and certainly if they are in need of units to sell at the resort. Resales buyers have report that Marriott has resold their highly desired units, in some cases.

As far as an agent's commission.... I'll throw out a rough figure of maybe $1500 on a good priced unit.

But let's hear the discussion on that one now.....


Tom, so resale agent is not a set percentage?
 
IF Marriott is willing to act as the broker to sell your unit for you they will take 40% of the selling price as the commission. However, Marriott's selling price is the full retail price of the unit. So if they are selling for $25,000 you will net approximately $15000.00 Now the question you need to ask is if you try to sell it through a Time Share resale agency what can you net after the commission is taken out. You obviously cannot get a selling price of $25,000 although some sellers actually try to get this. I do not know what the commission rate is for a resale time share agent.
 
I've heard figures of $1000-1500 mentioned for commission on resale units. The 40% figure is Marriott's fee, but they do sell it for developer's price. Until the recent sales netting 60% of developer's price was better than most people could get privately, with the exceptions of a few of the higher demand properties (which were selling for about a third off on the resale market).

There were several reports of Marriott taking back weeks bought resale on the private market for developer resales. Of course, in today's climate Marriott is taking back many fewer properties and the recent Marriott sales of 15,20 or 25% would certainly be a factor, since Marriott still takes 40% of whatever they sell the units for.
 
Marriott will take 40% if selling through their resale program. The problem with many broker sales is that a set percentage won't garner much of a commission for the broker. If a gold week only sells for about $4000 and they get 10% then that is only $400. This isn't really worth their time. They would likely have a minimum dollar amount. In many cases if you can't get Marriott to sell your week for you, you are better off to go it alone.
 
And my apologies upfront if this has been discussed somewhere, but could not find the thread.

Here's the question:

If I were a SELLER (which I am not), and was trying to decide whether to let Marriott "buy back" my week, or have a resale agent sell it for me, how much commission would I expect Marriott to take, vs how much commisison should I expect a resale agent to take? I know I could try to sell it myself, just wondering what percentage I would expect to pay Marriott or a resale agent before I netted.
Note that Marriott will not generally just buy back the unit, you'll have to either have a buyer before ROFR kicks in or put it in their sales program. You could also potentially do an equity trade up to another unit but that would cost you big bucks. I think you'll find most brokers at 10% commission, some with a min between $795 & $1K or so. If you find your own buyer, no commission and that's usually true even if it's listed with Marriott or a resale broker but it can vary.
 
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