Selling at EX-Marriott timeshare at Streamside, Vail

[SHCC69]

I owned at the Cedar Building at Marriott Streamside. I just got a letter from Marriott saying they no longer manage it and I am on my own. I have been trying to sell it for a while. Any one has suggestions for a timeshare sales company in Vail area?? Thanks.

 

[Bill4728]

The prices at the streamside have been depressed due to the questions about Marriott leaving, staying ect..

Now that there is a resolution to those questions, I might expect to see prices rise even for the building which are no longer Marriotts. But I'd wait about a year for this to settle down so you can get the best price.

Good Luck

 

[Dave M]

You don't need a timeshare sales company in the Vail area. You need one that will give your week a lot of exposure. To find entities that other TUGgers have successfully used, see the "Frequently mentioned resale and rental websites" sticky thread at the top of the list of topics for this Buying, Selling, Renting forum.

Also, to get some practical advice on how to successfully sell your timeshare without falling victim to one of the numerous scams targeted at timeshare sellers, read the "how to sell" article located in the same area.

 

[Hoc]

I put my Aspen (early ski-season 1-br.) unit up for auction on ebay at $99 with no reserve about a month ago. Very clearly identified that it would no longer be a Marriott, and identified the new management company. I got $2,225 for it, which was about what I paid to buy it.

With ebay you take some risk that the market will undervalue your timeshare, but also you will get a fair price for it. Look here for an idea of how to write the ad.

If you put it up at a higher starting price, or you have a reserve, your final selling price likely will be lower. Also, if your starting price is higher than $99, you take a risk that there will be no bids at all. I tend to trust the market, and I usually buy my timeshares cheap enough that I make my money when I buy, not when I sell.

 

[Bill4728]

HOC,

What a great ad!! I assume that you did it yourself. What talent.

Can I steal it for my Whistler TS? I don't think anyone will care if the pictures are from Vail do you? LOL

 

[SHCC69]

Thanks for all your advice. I brought the unit through Marriott for exchange and to get points. I paid almost 4 times what you said you got at Ebay. I guess I will wait a bit and see how the new management company is.
Thanks

 

[Hoc]

Thanks for all your advice. I brought the unit through Marriott for exchange and to get points. I paid almost 4 times what you said you got at Ebay.

You will never, never get that back on a resale, even if it was still a Marriott. You have to accept that your timeshare was only worth about 30-50 percent of what you paid when you bought it from Marriott, and that is about the best you can expect to get back on a resale.

 

[Hoc]

HOC,

What a great ad!! I assume that you did it yourself. What talent.

Can I steal it for my Whistler TS? I don't think anyone will care if the pictures are from Vail do you? LOL

Yes, I did it myself, and no, I don't mind if you "steal" it.

Remember that, when you are renting or selling a property on ebay, you sell the vacation experience first, and the actual unit second.

 

[caesarv]

Hey, I need to sell my Cedar 1br timeshare too. I was not very happy about losing the Marriott affiliation. I would love to get $2k for it, but I own week 26, so I may not get as much. Someone mentioned that we should wait until the dust settles. I still have my 2007 week available, so should I sell now or wait until early next year? Like the original poster, I also paid too much, but I went through a sales company that basically "earned" a $2k commission on a $4k sale.....but at least I did not buy from Marriott!

 

[funtime]

The week 26 would be a good one to sell now. If you have a ski week wait until November as ski prices are much higher then. I like a reserve on an ebay auction. Indicate that usage starts next year and no maintenance fees are now due. As to the reserve, it protects the buyer and you can always lower the reserve during the course of the auction if you change your mind about the reserve. However, the reserve should be right around where HOC sold his, not some really high number. Good luck.

 

[Hoc]

However, the reserve should be right around where HOC sold his, not some really high number.

I find that a reserve discourages bidding. You will note that many of the auctions with reserve prices sell for less than those without reserves, and many don't sell at all, since the reserve is never met.

 

[cluemeister]

I find that a reserve discourages bidding. You will note that many of the auctions with reserve prices sell for less than those without reserves, and many don't sell at all, since the reserve is never met.

I agree with Hoc. I like it when a timeshare that I'm interested in has a reserve, as that means I might be able to get it for that.

Auctions with no reserves tend to hook people in, and then you have to bid against 3 or 4 people who are emotionally tied in at the end.

I bought my ts just a little above reserve, with about 3 or 4 total bids. As a buyer, I like reserve auctions!

 

[Hoc]

But I'd wait about a year for this to settle down so you can get the best price.

I just thought of one possible downside to waiting. If potential buyers do a historical research on ebay to find out what they should pay for a unit, a year from now will show a lower price than right now. So, it's possible that prices in a year will be lower than they are now.

 

[grupp]

My guess would be that the future price of the Cedar and Aspen units will be greatly influenced by the maintenance fees. If the new management can reduce the fees while maintaining or improving the quality, prices may rise, or least stay at their current level. If fees go up or there is a significant special assessment, values drop and most likely significantly. However, if the units are updated, they could increase after the completion of a special assessment.

I recently purchased a summer 2br week at Eagle Point, just down the road from Streamside, for $500 on Ebay (may have overpaid) with maint fees of about $620. This is a decent resort and the week trades very well and was given an A/C when I deposited the week. You may want to use Eagle Point as benchmark for Cedar and Aspen prices and adjust for difference in unit size and amenities. The from what I have seen approximate prices at Eagle Point are as follows:

2br Winter $620 Maint fee-$3,000 to $4,000
1br Winter $470 Maint fee-$1,000
2br Summer $620 Maint fee-$500
1br Summer $470 Maint fee-$100

My guess is that in the short term, the value of Cedar and Aspen will probably be lower than it is now or at best stay the same. Losing the internal trading with Marriott is a big deal and maybe more so for the summer and off season weeks. Beyond that, it will depend on how it is managed. If you are going to sell, you may as well sell now as it will most likely get worse before it gets better and at least you can avoid the maint fees.

Gary

 

[grupp]

If you have not looked at the Marriott forum lately, you may want go take a look a the thread in regard to the Aspen special assessment.

Gary

 

[rickandcindy23]

Those assessments are so high at Streamside!

That is hundreds of thousands of dollars PER UNIT that they are going to spend to get the resort back in shape. A purchase after the assessments might be a good buy!

 

[Bill4728]

The orginal poster was asking about Cedar not Aspen.

With many thousands of dollars in special assessments you might be hard pressed to give away a aspen unit.

 

[talkamotta]

Longboat Bay used to be owned by Marriot. Im guessing they sold it because there are only 16 units. While it was still owned by Marriot it went down hill bad. The next management company made it go down worst. The present management company takes exceptionally good care of the place and it is wonderful, wonderful, and more wonderful. Maybe that can happen and you will want to go there and wont want to sell it. Then it wont matter what you paid.

 

[grupp]

The orginal poster was asking about Cedar not Aspen.

Which is why if I owned Cedar I would get out now. Even if they don't have a special assessment, 4 years from now there will be 3 buildings managed by Marriott, 1 totally renovated building and then Cedar in its original shape. Nothing against Cedar, but it will have a tough time standing up to the other buildings.

Personally, I wouldn't take a Aspen or Cedar unit right now if you gave it to me. Best of luck to those who own there, but it may be a few rough years coming up.

Gary