Turn in or sell Marriott destination points [2500] annual

[taterhed]

Just like 75% of all Marriott's weeks, the value of the DC points is inching closer to $0 . Most eBay sales for DC points are now for about $2-$3/point - and still falling.

Marriott's lumping all seasons of a resort into one and then dividing them up into "points" has yet to be proven successful.

An example is a week I own at Legends Edge. It is platinum and almost worthless. Manor Club is another example. You would probably have to pay someone to take anything other than a platinum week. Lumped together the average worth of each week may be below zero - and still falling as MF's go up.

Imagine taking that entire resort and dividing it into points. How much are those points really worth? :ignore:

How much are all Marriott timeshares put together and divided into points really worth.

I kinda doubt anybody is getting Marriott DC points resale for $2. I'd love to hear any members reports of the minimum ROFR for recent sales.

 

[dioxide45]

I kinda doubt anybody is getting Marriott DC points resale for $2. I'd love to hear any members reports of the minimum ROFR for recent sales.

It isn't much more when looking at completed EBay auctions.

1,500 points for $4,550 ($3.03pp) - http://www.ebay.com/itm/311514588063
1,500 points for $3,600 ($2.40pp) - http://www.ebay.com/itm/361466330935

I would say that is in Terry's $2-$3 range.

This doesn't mean that any of them pass ROFR. If one really wants points, the probably need to pay closer to $4-$5 to get past ROFR.

 

[taterhed]

That was my point. Ha. Sell the points at $10 and buy them back at $2. Makes money for Marriott

sent from my cell phone...

 

[beachgoers]

I agree, assuming the points are paid for, the lowball sale price concept for their points is a valid approach. Purchaser is taking a shot at it slipping past ROFR and whether it does or not, your friends pick up some cash.

That said, it seems the best approach would be for your friends to join TUG and learn how to maximize their ownership of the 5000 points which they clearly paid a lot of $$$ for. Even if they no longer enjoy usage at timeshare type resorts, the points can be used for Explorer Collection options (airfare, cruises, city hotel stays, adventure getaways, etc). While most would agree those options do not offer the best bang for the buck regarding usage of the points, they would at least be getting some value out of them.

Thanks for the info. There is no mortgage on them and I think they paid $20,000 to get them. Turns out it is only 2,500 points and not 5,000. The fees were only half of the amount everyone is saying so I had them double check. They have some banked. They want to give them to me. Can they transfer them to my account at a minimal cost $100. I read on here that there are no fees. Just call and Say I am marriott member number please transfer x points to marriott member number..

 

[SueDonJ]

Thanks for the info. There is no mortgage on them and I think they paid $20,000 to get them. Turns out it is only 2,500 points and not 5,000. The fees were only half of the amount everyone is saying so I had them double check. They have some banked. They want to give them to me. Can they transfer them to my account at a minimal cost $100. I read on here that there are no fees. Just call and Say I am marriott member number please transfer x points to marriott member number..

Seems like what you've read is related to Points rentals, not ownership transfers. Rentals are a simple transfer, ownership transfers are not. If you're not a Marriott Destination Club Member you don't have an account to which another member's Points can be transferred to you for a rental, at whatever price the two of you choose including for free. But they could make reservations with the Points through their account and then rent or gift the reservations to you.

 

[SueDonJ]

Sorry for the multiple posts and confusion i have caused. Our good friends have a week and separate 5000 points. We aren't buying the week and selling or giving back points. They have both the week and the points. We are going to buy their week and hope it passes the ROFR. The separate thing/question here is that they have the 5000 points that they do not know how to work and use. They try and use them for other places. They are tired of all the fees annually and they don't end up using their week or the points each year. So they are offering us an opportunity on the points as well because they would hate to just give them back to marriott for nothing. When they called they were told they could just give them back. Yesterday they were told that they could sell them to us. They are willing to almost just give them to us. We just don't believe there is any way to do that. Because of that I just want the week and not the points. But if we could figure out a way to get the points at a very low cost say $2,000 we would do it. But it sounds like the transfer cost is $10,000 through marriott at $2 per point and the purchase price needs to be over $4.50 per point to pass the ROFR. We would be looking to do this for $.40 per point which will not work. Even if we are not going to buy the points we would like to help our friends with advice on how they should proceed rather than just giving them back (they were also offered a refund of the 2016 Fees if they gave them back for free). I think they should list the points for sale at $2 a point and hope Marriott proceeds with the ROFR. They will then get $10,000 for the points. That is better than just getting the fees back.

About what I bolded - getting twice that much or more would be even better, wouldn't it? If you've decided that you definitely don't want the Points and are going to advise your friend that he should sell them instead of giving them back for free*, then you should be telling him that knowledgeable TUGgers think he can get more than $2 per Point for them. It's also easier to unload 2,500 Points than 5,000, so that's another click in favor of selling them at established resale rates.

*I am still highly skeptical about this "give back for free" thing. It's just never that easy to walk away from Marriott timeshare products that are still available for purchase. Based on what you're saying you and the owner still appear to be confused about a number of issues (not meant as a criticism) and I wonder if this isn't one of them.

 

[dioxide45]

About what I bolded - getting twice that much or more would be even better, wouldn't it? If you've decided that you definitely don't want the Points and are going to advise your friend that he should sell them instead of giving them back for free*, then you should be telling him that knowledgeable TUGgers think he can get more than $2 per Point for them. It's also easier to unload 2,500 Points than 5,000, so that's another click in favor of selling them at established resale rates.

*I am still highly skeptical about this "give back for free" thing. It's just never that easy to walk away from Marriott timeshare products that are still available for purchase. Based on what you're saying you and the owner still appear to be confused about a number of issues (not meant as a criticism) and I wonder if this isn't one of them.

I think telling the friend to contact a reputable broker would be the best advice. I suspect that they could even sell the points in chunks as small as 1,500 points each. So three buyers at 1500, 1500 and 2000 would perhaps be easier to sell than one person at 5000 points.

 

[Fasttr]

I think telling the friend to contact a reputable broker would be the best advice. I suspect that they could even sell the points in chunks as small as 1,500 points each. So three buyers at 1500, 1500 and 2000 would perhaps be easier to sell than one person at 5000 points.

They confirmed in post 29 that their friend only has 2500 points.

 

[dioxide45]

They confirmed in post 29 that their friend only has 2500 points.

I missed that. Somehow jumped right to Sue's post and missed the one above it.