Re-Selling DC Points

[fdough1]

[Details removed.] I desperately want to get rid of [DC Points] for good. Can anyone advise on options to resell? I called MVCI and they said they didn't deal with resale of points.

Thanks in advance

 

[dioxide45]

There are several places where you can sell your points. The Tug Marketplace and Redweek are probably the best options. However, keep in mind that you won't be able to sell them for anywhere close to what you bought them for. I don't know the going rate these days, but I think it is close to $3-$5 a point. Marriott adds some heavy junk fees to the buyer.

You do need to make sure that you don't still have an outstanding mortgage on the DC points. If you do, you need to pay that off first. No one wants to buy a timeshare that still has anything owed against it.

 

[taterhed]

DC points can be resold. They must pass ROFR to transfer. Obviously, you would like the sale of your points to be as high $$$ as possible. So, it's a balance.

1. Price too high, sellers will go elsewhere
2. Price too low, you'll get less money and Marriott will ROFR sale.

Suggest you contact a respected TUG re-seller (such as Samuel R. at SethNoc's Sellingtimeshares.net) to assist you in brokering your points. You'll spend some money on the broker, but the sale will be faster, more secure and cause you less headache. I believe there is currently a good market for resale points.



A few knowledge points:
DC point resales are currently reselling at just under $5 a point (last I heard). There is a mandatory ROFR, there are mandatory fees for the buyer (junk fees about $2 a point, 3k minimum fee). Thus, the actual cost of resale points is currently about $7 a point (to the buyer). Suggest you push ALL fees possible to the buyer; that way if ROFR'd, you'll avoid paying the fees.


You didn't mention how many points you have, but with the min $3k junk fee, 1500 becomes the minimum cost effect point's sale.


Good luck.

 

[taterhed]

There are several places where you can sell your points. The Tug Marketplace and Redweek are probably the best options. However, keep in mind that you won't be able to sell them for anywhere close to what you bought them for. I don't know the going rate these days, but I think it is close to $3-$5 a point. Marriott adds some heavy junk fees to the buyer.

You do need to make sure that you don't still have an outstanding mortgage on the DC points. If you do, you need to pay that off first. No one wants to buy a timeshare that still has anything owed against it.

Dang, too slow to post. You are a fast draw....