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Will Marriott Sell Your Weeks?

Woj

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I posted a few days ago regarding selling one of our Cypress weeks and one Custom House weeks. I emailed Marriott and they stated that they would take them back at no cost to me but I would not receive any monies for the transaction. I just read a post stating that Marriott sold a week from an owner and the owner received approx $3500 after a 6400 sale. So, does Marriott sale weeks for owners? We are willing to sell the weeks for any profit!
 

turkel

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ThE answer iS it depends on the week. Marriott gave you the answer on your particular weeks, sorry. If you bought developer weeks forget profit and come to terms with the huge lose of $$. You can sell on eBay, list here on Tug for sale or for free. If free you’ll have a taker on TUG pretty quickly.
when I plan to divest of my weeks I plan to give them away as I bought resale.

Never pay someone to sell your weeks.
 
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Woj

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I would sell them for just the costs of the maintenance fees. Not looking for a profit just to sell.
 

TheTimeTraveler

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I posted a few days ago regarding selling one of our Cypress weeks and one Custom House weeks. I emailed Marriott and they stated that they would take them back at no cost to me but I would not receive any monies for the transaction. I just read a post stating that Marriott sold a week from an owner and the owner received approx $3500 after a 6400 sale. So, does Marriott sale weeks for owners? We are willing to sell the weeks for any profit!


Marriott has interest in most Platinum Weeks, and will list and sell for you (your weeks may be placed on a waiting list for a buyer). If it isn't a Platinum week then they appear to be taking many of them back as long as all the monies due are current.

Why not try listing them here on TUG to see if you can sell them for something......?




.
 
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Theiggy

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You have already contacted the MVC exit team?



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dioxide45

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I would sell them for just the costs of the maintenance fees. Not looking for a profit just to sell.
What do you mean you will sell them for the costs of the maintenance fees? Are you talking about selling them to cover the 2020 MFs? If so, you could simply give them away with 2020 usage and ask for 2020 MF reimbursement. You could do this in the bargain deals section on TUG or list them in the TUG Marketplace with a paid $15 membership.
 

Woj

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You have already contacted the MVC exit team?



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I contacted them regarding the custom house but not the cypress week. It was just a quick email as I wanted to see if they buy the weeks back. Nothing really drilling down yet.
 

Big Matt

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Can you tell us what seasons? Knowing that will give me some sense of what you should expect from Marriott.


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Woj

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Can you tell us what seasons? Knowing that will give me some sense of what you should expect from Marriott.


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I am going to call guest services to get all the details. We are getting older and just want to sell two of the weeks as we will still have two weeks, which is enough for us.
 

Dean

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I posted a few days ago regarding selling one of our Cypress weeks and one Custom House weeks. I emailed Marriott and they stated that they would take them back at no cost to me but I would not receive any monies for the transaction. I just read a post stating that Marriott sold a week from an owner and the owner received approx $3500 after a 6400 sale. So, does Marriott sale weeks for owners? We are willing to sell the weeks for any profit!
Depending on what you actually own you may be far better off keeping all the weeks and enrolling them. You should be able to enroll for free and it'll give you a lot more flexibility plus a free II account.
 

Woj

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Depending on what you actually own you may be far better off keeping all the weeks and enrolling them. You should be able to enroll for free and it'll give you a lot more flexibility plus a free II account.
Not to b a dummy but what does enrolling them mean? Enrolling where?
 

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Not to b a dummy but what does enrolling them mean? Enrolling where?
Destination Points. Depending on what you own you could get over 10K DP points and use them directly for other resorts. Since you've owned since before 2010 you could potentially enroll for free by either attending a tour (as the incentive) or by watching an online video. Custom House will give 2475 for Gold and 2925 for Platinum. Cypress Harbour will give 1975 for Sport, 2500 for Summer or 2650 for Special. I'm assuming you own Gold for Boston. Were I in your situation and planning to still use timeshares at all, I'd likely enroll if I owned Orlando Summer or Special and possibly not if I owned sport. Or if I did I might let them have part and keep 1 or 2 which I'd enroll.
 

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Not to b a dummy but what does enrolling them mean? Enrolling where?
Enrolling MVCI Weeks in the DC ~~
  • All US and Caribbean resort Weeks purchased prior to 6/20/10, and all European resort Weeks purchased prior to 6/18/12, are eligible to be enrolled in the MVC Destinations program. Caribbean resort Weeks purchased direct from Marriott between 6/20/10 and 12/26/12 are also eligible for enrollment.
  • Weeks purchased on the external resale market on or after the 6/20/10 (US and Caribbean) and 6/18/12 (European) introduction dates are NOT eligible for enrollment.
 

Woj

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Thank you as when I stated that I did not know what enrolling them was, and the destination program was stated, I thought there was another program that I was unaware of. We know about the destination program as everytime we vacation at Cypress we attend the sales presentation in order to get $250 in american express gift cards which we turn into filet mignons and lobster tails. We just want to cut ties with our custom and one cypress weeks and move on. That will leave us with week 51 and week 52 at cypress!
 

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The answer is it depends on the week...

Never pay someone to sell your weeks.

Agree and disagree. A number of years ago I had a Monarch Crown Suite Week that I had bought resale for $25,000. Even though I had bought it resale Marriott found a buyer and sold it for me for $41,000. So yes, Marriott will sell your Week if there are buyers for it. And yes, I paid them a commission. Back then it was 20% and worth every penny of it. Before I gave it to Marriott I had offers of between $10,000 and $15,000 for the Week. Paying Marriott to sell it for me paid off in Spades...

George
 

dioxide45

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Agree and disagree. A number of years ago I had a Monarch Crown Suite Week that I had bought resale for $25,000. Even though I had bought it resale Marriott found a buyer and sold it for me for $41,000. So yes, Marriott will sell your Week if there are buyers for it. And yes, I paid them a commission. Back then it was 20% and worth every penny of it. Before I gave it to Marriott I had offers of between $10,000 and $15,000 for the Week. Paying Marriott to sell it for me paid off in Spades...

George
Sadly, those days no longer exist.
 
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tschwa2

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If you specifically ask about selling your weeks for you they will tell you if they are willing to put you on the list to be contacted. If they already have too many people wanting to sell those particular weeks they won't even accept you on the wait list for the wait list. If they do tell you they will contact you if they will waitlist you, it could be a year or 2 before that happens and in the mean time you will have a year or two more MF's.
 

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Marriott cherry picks. I tried to purchase an annual Platinum Shadow Ridge/Desert Springs II this year. Both owners tried to sell it back to Marriott but were denied. Well, Marriott picked both via ROFR. $3500/pop. The brokers who I eventually contacted informed me that min bid was at least 4500-5000 for an annual but I could purchase a bo annual for $3500.
I eventually was able to purchase via a non ROFR site Platinum season in the Desert.
 

Woj

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Marriott cherry picks. I tried to purchase an annual Platinum Shadow Ridge/Desert Springs II this year. Both owners tried to sell it back to Marriott but were denied. Well, Marriott picked both via ROFR. $3500/pop. The brokers who I eventually contacted informed me that min bid was at least 4500-5000 for an annual but I could purchase a bo annual for $3500.
I eventually was able to purchase via a non ROFR site Platinum season in the Desert.
Go Steelers beat the Ravens!
 

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If you specifically ask about selling your weeks for you they will tell you if they are willing to put you on the list to be contacted. If they already have too many people wanting to sell those particular weeks they won't even accept you on the wait list for the wait list. If they do tell you they will contact you if they will waitlist you, it could be a year or 2 before that happens and in the mean time you will have a year or two more MF's.

Many years ago I had Marriott sell my Sabal Palms Week for me. I was on the wait list for almost 3 years. While I was waiting they rented my Week for me netting me more than my MFs. But those days may be over. Back then their commission on both the Sale and Rental was 20%. I think they are both 40% today...

George
 

tschwa2

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Many years ago I had Marriott sell my Sabal Palms Week for me. I was on the wait list for almost 3 years. While I was waiting they rented my Week for me netting me more than my MFs. But those days may be over. Back then their commission on both the Sale and Rental was 20%. I think they are both 40% today...

George
No rentals are even worse. They just offer you a flat rate for your fixed week or float week (without specific week booked so they can cherry pick). My platinum Orlando week got about 65% of MF's the last time I checked about 5 years ago. Oceanfront platinum weeks probably cover MF's but they are the types of weeks that usually can be rented for $1000-$2000 over MF's fairly easy by the owners and are ones that Marriott probably rents on there site for $5000+ so the $1400-$1800 they offer means they are keeping 60% if they rent the whole week. I think they make it so they only have to rent 2 nights to break even and the rest is all profit and if they think there is a chance they won't be able to rent out at least 2 nights because they have enough inventory they won't even make an offer.
 

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No rentals are even worse. They just offer you a flat rate for your fixed week or float week (without specific week booked so they can cherry pick).

Wow. Back when I was in the queue they actually helped me select an in demand Week then rented it for me. I always got paid for the full 7 days minus 20%. It is sad how Marriott, HGVC and the other "Big Boys" have whittled away at the benefits used to entice us when we bought...

George
 
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VacationForever

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No rentals are even worse. They just offer you a flat rate for your fixed week or float week (without specific week booked so they can cherry pick). My platinum Orlando week got about 65% of MF's the last time I checked about 5 years ago. Oceanfront platinum weeks probably cover MF's but they are the types of weeks that usually can be rented for $1000-$2000 over MF's fairly easy by the owners and are ones that Marriott probably rents on there site for $5000+ so the $1400-$1800 they offer means they are keeping 60% if they rent the whole week. I think they make it so they only have to rent 2 nights to break even and the rest is all profit and if they think there is a chance they won't be able to rent out at least 2 nights because they have enough inventory they won't even make an offer.
I contacted Marriott twice to rent my red weeks, once in 2013 and once this year. Both times they said they were not renting out owner weeks at the resort. This year I proceeded to rent using Redweek and got it rented out within a month, about 11 months before the stay. The same renter has told me that they want my 2021 weeks as well, so that works out well.
 
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Hard times for timeshares eh? It's tough to even give them away.
 
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1st Class

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Marriott sold two weeks for us last year. We were told that it may take up to two years to sell, but within a month of signing a sales agreement, they had a buyer for the first week. The second week sold about two months later. We turned a profit only because we bought resale and paid a fraction of developer retail price. We probably could have sold on Redweek but, I'm sure it would have taken a lot longer to sell. In the end, we're happy we let Marriott handle the sale.

Have you thought about renting out your ownership weeks rather than selling? That worked out great for us when we had weeks we couldn't use. Even if you rent for a few $$ above maintenance, you'll still be ahead. In the meantime, you could check back occasionally to see if Marriott is interested as inventory is constantly changing. They aren't interested today but they may want them next month or next year.
 
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