Time to Sell

[hulachic]

Unfortunately, it appears we have come to the point where we need to get rid of our Maui timeshare that we have enjoyed for many years but it became very obvious at last year's stay that we simply weren't able to really enjoy the trip due to an ongoing heat intolerance issue my husband has been dealing with for several years that nobody has been able to diagnose/treat to date. We live on the East Coast which is why we bought an EOY unit because of time/cost involved to get there & we ended up spending way more time in the room last year than ever before not really enjoying the island enough to make the trip worthwhile. Add in the $400 jump in dues starting last year & it's just not making sense to keep it any longer even though we're having a hard time letting go because we love the island so much. I'm trying to determine if it's even worthwhile to try & sell as it's not exactly a prime unit compared to larger/better view ones. I looked at Redweek & listings are under $1,500 for same/similar view units. With the ROFR I would find it hard to believe Marriott wouldn't just take it for that so it feels like we'd be wasting our time/money. My understanding from looking at a few other posts on here is that if we call Marriott they would either offer to take it back for free or (maybe) offer to sell it for us for a 50% cut (not sure if we'd have to pay any other fees as well). None of our friends/family are interested due to MF's so that isn't an option. We're trying to prepare ourselves that Marriott may only give us the option of taking it back for free. I've seen mentioned that there is a forum on here to offer free units which I haven't really had time to look into. Are those not subject to ROFR? Just trying to figure out all of our options so if anyone has any thoughts please feel free to share.

 

[claraj]

Even if Marriott exercises ROFR, you would still get your asking price. The difference is Marriott would pay you instead of the intended buyer.

 

[mjm1]

Unfortunately, it appears we have come to the point where we need to get rid of our Maui timeshare. We own a deeded 1 bedroom even year garden view MOC unit that we have enjoyed for many years but it became very obvious at last year's stay that we simply weren't able to really enjoy the trip due to an ongoing heat intolerance issue my husband has been dealing with for several years that nobody has been able to diagnose/treat to date. We live on the East Coast which is why we bought an EOY unit because of time/cost involved to get there & we ended up spending way more time in the room last year than ever before not really enjoying the island enough to make the trip worthwhile. Add in the $400 jump in dues starting last year & it's just not making sense to keep it any longer even though we're having a hard time letting go because we love the island so much. I'm trying to determine if it's even worthwhile to try & sell as it's not exactly a prime unit compared to larger/better view ones. I looked at Redweek & listings are under $1,500 for same/similar view units. With the ROFR I would find it hard to believe Marriott wouldn't just take it for that so it feels like we'd be wasting our time/money. My understanding from looking at a few other posts on here is that if we call Marriott they would either offer to take it back for free or (maybe) offer to sell it for us for a 50% cut (not sure if we'd have to pay any other fees as well). None of our friends/family are interested due to MF's so that isn't an option. We're trying to prepare ourselves that Marriott may only give us the option of taking it back for free. I've seen mentioned that there is a forum on here to offer free units which I haven't really had time to look into. Are those not subject to ROFR? Just trying to figure out all of our options so if anyone has any thoughts please feel free to share.

Is your unit enrolled in Abound? If so you can elect points and go to other resorts where the climate is more tolerable. If you bought it directly from Marriott or resale prior to 6/20/2010 you can enroll it. You may be able to enroll it just by watching an online seminar. Consider all options before giving it up.

 

[hulachic]

Is your unit enrolled in Abound? If so you can elect points and go to other resorts where the climate is more tolerable. If you bought it directly from Marriott or resale prior to 6/20/2010 you can enroll it. You may be able to enroll it just by watching an online seminar. Consider all options before giving it up.

We did purchase directly from Marriott prior to 2010 but are not enrolled in Abound. We always used our unit because we love Maui & wanted to go there specifically & used Interval for inexpensive getaways vacations on our off year. We really have no interest in cool weather locations. We live in a 4 season state & have only taken trips to warm weather destinations for close to 30 years (Hawaii, Arizona, Caribbean cruises). At this point, my husband has indicated he only wants to travel if & when he can go to the places we like and be able to enjoy the trip. He's over 70 with other health issues so to be honest I'm not sure that will ever happen which is why I think it's time to let it go.

 

[davidvel]

Unfortunately, it appears we have come to the point where we need to get rid of our Maui timeshare that we have enjoyed for many years but it became very obvious at last year's stay that we simply weren't able to really enjoy the trip due to an ongoing heat intolerance issue my husband has been dealing with for several years that nobody has been able to diagnose/treat to date. We live on the East Coast which is why we bought an EOY unit because of time/cost involved to get there & we ended up spending way more time in the room last year than ever before not really enjoying the island enough to make the trip worthwhile. Add in the $400 jump in dues starting last year & it's just not making sense to keep it any longer even though we're having a hard time letting go because we love the island so much. I'm trying to determine if it's even worthwhile to try & sell as it's not exactly a prime unit compared to larger/better view ones. I looked at Redweek & listings are under $1,500 for same/similar view units. With the ROFR I would find it hard to believe Marriott wouldn't just take it for that so it feels like we'd be wasting our time/money. My understanding from looking at a few other posts on here is that if we call Marriott they would either offer to take it back for free or (maybe) offer to sell it for us for a 50% cut (not sure if we'd have to pay any other fees as well). None of our friends/family are interested due to MF's so that isn't an option. We're trying to prepare ourselves that Marriott may only give us the option of taking it back for free. I've seen mentioned that there is a forum on here to offer free units which I haven't really had time to look into. Are those not subject to ROFR? Just trying to figure out all of our options so if anyone has any thoughts please feel free to share.

It seems you think ROFR means they can take it for free, which is not the case. If they could, they would take every unit. They have to pay whatever someone is willing to pay you.

 

[echino]

If it's island view or mountain view in the "old" towers, I would just surrender it to Marriott if they agree to take it for free. You could probably sell it for a couple of thousands, but it may not be worth the effort. On the other hand, if it's ocean view or better, or any view in the "new" towers, it could sell for more, so it may be worth listing it for sale.

 

[hulachic]

Even if Marriott exercises ROFR, you would still get your asking price. The difference is Marriott would pay you instead of the intended buyer.

True, I just have reservations it would actually sell. The closest thing to ours that sold recently is a 2 bedroom garden view annual that sold for just over $1,000 so ours would be well under that. Just not sure it's worth the time/fees to bother & we certainly couldn't use their full service option due to cost. Somone suggested in a post I saw on another thread that Marriott may be able to get you more if they sell it because they will package it but they take 50% of the sale. I couldn't find too much about people having Marriott sell their timeshare so I don't know if they only offer to sell choice units and/or not too many people go that route.

 

[hulachic]

It seems you think ROFR means they can take it for free, which is not the case. If they could, they would take every unit. They have to pay whatever someone is willing to pay you.

No, I know they would just take it for the price it sold for on Redweek but looking at recent listings/sales for our property, it would appear our unit would have to be listed for potentially well under $1,000 to sell. Just not sure it's worth it in the end for so little.

 

[hulachic]

If it's island view or mountain view in the "old" towers, I would just surrender it to Marriott if they agree to take it for free. You could probably sell it for a couple of thousands, but it may not be worth the effort. On the other hand, if it's ocean view or better, or any view in the "new" towers, it could sell for more, so it may be worth listing it for sale.

It's island view in the old towers & the most recent sale was a 2 bedroom annual (ours is a 1 bedroom EOY) that sold for just over $1,000. That's why I'm questioning whether we should even bother spending the time/fees for so little in return.

 

[5finny]

If you have one or more children who are interested in the Marriott Abound program this would be a cheap entry point for them
You would enroll the week and then transfer it to one or more of them
If they need more points renting is an option

 

[hulachic]

If you have one or more children who are interested in the Marriott Abound program this would be a cheap entry point for them
You would enroll the week and then transfer it to one or more of them
If they need more points renting is an option

None of our kids have any interest whatsoever. One daughter had a nightmare timeshare sales experience on her honeymoon in Vegas (not Marriott) that was very high pressure to the point they had to demand to leave. Even though she knows we have loved ours she was permanently turned off by anything involving a timeshare.

 

[5finny]

Then it seems to me it really does not have much value
Best of luck

 

[Dean]

If they'll take it then moving on with your life might be the best option if that's all you own. If there are other alternatives in the MVC that might work for you an option might be to enroll which you might be able to do for free. Your total costs would be a little lesss than fees on the same number of points. You could then use, rent, exchange if you wanted. Alternatively you could pay to transfer points in to go places where you might need more points to reserve.

 

[Dean]

Interesting new Ebay listing for a 2 BR GV 2 BR for this resort that's effectively roughly $12K with listing price, back fees, closing, etc. In addition it's a bankruptcy on top of that. All I can say is good luck to them.

 

[hulachic]

Interesting new Ebay listing for a 2 BR GV 2 BR for this resort that's effectively roughly $12K with listing price, back fees, closing, etc. In addition it's a bankruptcy on top of that. All I can say is good luck to them.

Wow, that's insane!! If I thought we could get at least $1,000 for our 1 BR GV Even Year without much time or effort I'd list it on Redweek but as I mentioned in an earlier response the most recent sale I saw was for the same size/view unit you saw on Ebay (annual use) that sold for only $1,024. The closest thing to ours on Redweek is one that is the same except mountain view (not sure if mountain view is considered better or worse than garden) that is listed for $675 & it's been there for awhile. Hardly seems worth the effort.

 

[Dean]

Wow, that's insane!! If I thought we could get at least $1,000 for our 1 BR GV Even Year without much time or effort I'd list it on Redweek but as I mentioned in an earlier response the most recent sale I saw was for the same size/view unit you saw on Ebay (annual use) that sold for only $1,024. The closest thing to ours on Redweek is one that is the same except mountain view (not sure if mountain view is considered better or worse than garden) that is listed for $675 & it's been there for awhile. Hardly seems worth the effort.

Pretty sure MV is better than GV there. I believe GV only has 1BR units as well.

 

[hulachic]

Pretty sure MV is better than GV there. I believe GV only has 1BR units as well.

It's weird because Redweek has several 1 bedroom units that show mountain & island view but we bought pre-construction (the year they announced they were going to convert the property from part hotel/part timeshare to full timeshare) & our paperwork only showed options for oceanfront, ocean view & garden for the 1 & 2 bedroom units in the original building. I can only assume they later added other view categories when selling units but wasn't sure where that put our view in terms of order.

 

[Dean]

It's weird because Redweek has several 1 bedroom units that show mountain & island view but we bought pre-construction (the year they announced they were going to convert the property from part hotel/part timeshare to full timeshare) & our paperwork only showed options for oceanfront, ocean view & garden for the 1 & 2 bedroom units in the original building. I can only assume they later added other view categories when selling units but wasn't sure where that put our view in terms of order.

Let me make a minor correction. There are Island View and Mountain/Garden View. I was thinking Island view and wrote differently. I think MV/GV are the same.

 

[rickandcindy23]

We are currently in the Lanai tower. Beautiful place but the garden view is not worthy of the maintenance fees you are probably paying. We have a garden view and are glad to not own this view. We exchanged into the resort.

My advice is to contact Marriott as was your intention, and give the week back. Even if you have Marriott points for this view, it couldn't be a lot of Abound points for the MF's. What a shame that it's not worth much. Timeshare is like that, and view is more important on the islands.

 

[davemy]

I have been a Marriott timeshare owner for 20 Years. When it is time to get rid of them. I don't care what I get for them because the value I have gotten from them over the years is priceless. I will dump them the fastest and easiest way possible.

 

[b2bailey]

From my experience, Marriott agreed to take back my Timber Lodge unit -- but I had to pay a future year's maintenance fee and property taxes.

 

[dioxide45]

From my experience, Marriott agreed to take back my Timber Lodge unit -- but I had to pay a future year's maintenance fee and property taxes.

That was likely due to timing. You would have got the use for the year you paid those fees for.

 

[jimf41]

I have been a Marriott timeshare owner for 20 Years. When it is time to get rid of them. I don't care what I get for them because the value I have gotten from them over the years is priceless. I will dump them the fastest and easiest way possible.

Same here. I've been an owner for about 25 years. I have eight grandchildren and I've seen every one of them growing up on a beach at one resort or another. The oldest one just graduated Penn State and is looking into law school. I have pictures of he and I building a sand castle at Ocean Pointe when he was still in diapers. Very difficult to put a monetary value on that picture. No pictures of the first great granddaughter yet. I'll bet she's going to like sandcastles though.

 

[hulachic]

Thanks everyone, we went ahead & contacted the exit team today online & got a response back right away that they will accept it back at no cost/no proceeds which we are okay with. We spent many wonderful years visiting our home away from home & will always have those memories to cherish. At this point now we just need to wait on paperwork & hopefully everything will be completed in approximately 120 days. Out of curiosity, our Interval membership doesn't expire until this December. Once we have officially exited our timeshare can anyone confirm that it would mark the end of using Interval for getaways. We currently have no vacation plans for this year for the same reason we are giving up our timeshare but just wondered if they are notified once we are no longer owners or would we have access to use it until our membership expires.

 

[echino]

Out of curiosity, our Interval membership doesn't expire until this December. Once we have officially exited our timeshare can anyone confirm that it would mark the end of using Interval for getaways. We currently have no vacation plans for this year for the same reason we are giving up our timeshare but just wondered if they are notified once we are no longer owners or would we have access to use it until our membership expires.

If it's Interval account that you opened yourself and paying for it separately, it will remain active. If it's a Marriott corporate account paid by Marriott as a part of your club dues, then it will automatically close.