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What to do... What to do......

ambrummer

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I don't currently own a timeshare of any kind. However, I work for Marriott, and can get a fairly good discount if I decide to purchase one through them. Here's my questions for you all:

1. Should I purchase from the company... or a third party??? What are the pro's and con's?

2. If I want to trade.... what makes one resort in higher demand than another? The particular property my wife and I were looking at was the Grande Chateau in Las Vegas.... would this be a good choice?

3. Any other 'buyers advice' any one could give me? Perhaps opinions on your favorite location?

Thanks,
Aaron
 

FlyerBobcat

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You will need to research the difference between "Marriott price" (with your discount) and prices on the resale market. Ebay price ranges for a given property can be hit and miss, and you have to be ready to accept the potential hassles of the property transfer when buying from ebay --- as they sometimes do not go smoothly.

Here is a TUG article that mentions factors in trading power.

II has a Demand Index for any geographical region. You can see the chart that is applicable for any single resort by going to the II website ( www.IntervalWorld.com ), accessing the online Resort Directory and then finding the page for that particular resort. Then click on "Travel Demand Index" on the right side of the page for that resort.

You probably should take your time and do lots of research. Six months is a frequently mentioned timeframe here on TUG.

Also you should consider buying where you will want to travel to (for a week at a time) most of the time. Don't buy in Vegas if you mostly want to trade out.

And watch the Maintenance Fees where you plan to buy.

That's a start. Other will add lots more....
 

gores95

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Where are you from? Most experts here would tell you to buy where you intend to travel to...not just for exchanging. If you can drive to it all the better!!

Do you like the beach, sightsee, ski???
 

Bill4728

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2. If I want to trade.... what makes one resort in higher demand than another? The particular property my wife and I were looking at was the Grande Chateau in Las Vegas.... would this be a good choice?
Aaron, This is from another thread
.... and many others asked What are places with very high "trading power"?

IMHO:
-summer beach places,
- winter ski places,
-winter warm places
-Hawaii.

All these places generally have much more demand than supply and therefore have high trading value. BUT the key is places which have more demand than supply.
Vegas is considered one place with super high demand but also super high supply. So it may trade OK but not like some of the other Marriott TS where there is huge demand and low supply. (Like Newport Coast, CA)
 

Robert D

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In this market, if you're willing to spend some time looking you can probably buy most Marriott weeks at a discount of at least 60% and in some cases 80% off of Marriott direct prices. So unless you can get this kind of discount, buy resale but do your homework first. That said, if you're primarily buying for trading, Marriott is probably not your best choice because of the upfront cost and high maintenance fees. I think it's a lot better to buy a TS with low maintenance fees and low upfront cost if you're going to use it for trading.
 

m61376

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Marriott Aruba Surf Club 2 & 3BRs
In this market, if you're willing to spend some time looking you can probably buy most Marriott weeks at a discount of at least 60% and in some cases 80% off of Marriott direct prices. So unless you can get this kind of discount, buy resale but do your homework first. That said, if you're primarily buying for trading, Marriott is probably not your best choice because of the upfront cost and high maintenance fees. I think it's a lot better to buy a TS with low maintenance fees and low upfront cost if you're going to use it for trading.

If you are looking to trade into Marriotts outside of Flexchange, however, owning a Marriott gives you a big trade advantage. II has a 24 day Marriott preference, which decreases to as few as 3 days during the later parts of Flexchange, so unless you want to make trades last minute owning a Marriott is beneficial despite the higher upfront cost and MF's.

That said, you should carefully consider what your travel goals are. If you buy in a locale you'd like to visit frequently you can be assured of a nice vacation even if you can't get a trade you'd prefer. Also, be realistic in your purchase. If you need/want 2BR's during school vacation weeks and/or summer and are hoping to get beach weeks, or winter ski weeks, etc., then you will need a stronger trader than if you are content with a studio or 1BR unit and can travel slightly off-peak or even off-season. These parameters affect your purchase decision.

As for Las Vegas- the MGC is a beautiful resort but Las Vegas has a lot of timeshare units and competes with a lot of hotel promotions, so its trade value is not as good as some other areas. Buy Las Vegas if you envision yourself using it half the time, otherwise perhaps think about another locale.

Only you can decide if the price difference between you employee discount and resale prices is worth the ability to trade for points, esp. given the devaluation of the points packages. Look over this Board and read the posts carefully. There are many posts discussing this and you will see both sides of the coin, so to speak. Then, ask questions if you'd like and decide what will work best for you and your family.

There are a lot of favorite locations around here- if you offer a little more info. as to where you live and what you like vacation wise you'll receive a little more input on that question. But- keep in mind that, ultimately, you need to carefully consider what is best for you. If you haven't already, join Tug and check out the resort review area. It will give you a lot of insight to the different resorts and may be a great place to start comparison shopping.

Feel free to ask questions as you gather more info. :wave:
 

Beverley

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Pick a location that you would enjoy using 3 out of 4 years in case you do not want to trade it. Of those places, consider a location that might rent well and might be drivable in case air fares become exorbitant.

I bought all but two of my properties from the developer (Marriott). I would be inclined to use my ee discount and buy direct from Marriott.

Beverley:hi:
 

pwrshift

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Right now I don't think an employee discount on a timeshare would be enough to compete with the selling prices of platinum weeks on Ebay during this economy. Some are selling for as little as $6000 a week.

It's hard to recommend a place as we don't know where you're located. Generally, the best idea is to get a platinum week in a resort to which you can drive and one you would be happy using 3 years out of 4.

The only thing you don't get buying a resale is to be able to exchange your week for Marriott Reward points...but it's a fixed amount of points, say 110,000, for your annual maintenance payment plus $104 fee ... so in some cases it costs more this way than buying the points from MARRIOTT. If the East appeals to you and golf you might consider Marriott Manor Club Sequel (LOCKOFFS) where you get 6 rounds of golf included in your maintenance fee. On the West you might consider Canyon Villas lockoffs in Phoenix...I saw a platinum CV on Ebay last week that didn't reach its $7000 price in bidding.
 
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