Post reply

Want to sell, will wait for fair price (by Phil L.):

jimy21

phill12 wrote:

kathyk117 wrote:

We own a studio At Marriott Mountain Valley Lodge, Breckinridge, CO--a floating week in high winter season. Want to sell b/c we prefer VRBO rentals. Hate the dues increases as well. We reserved a week that Redweek offered 1015 points today and I am not sure what to do to make it easier to sell as well as cover our $798 in annual dues we paid last month. Will it make it a lot easier to sell to "give away" the 2008 7-night stay starting Nov 29th or could we just advertise it for sale on Redweek at $1000? Our long term goal is to sell, but NOT a fire sale. We have listed it w/Marriott for re-sale since late-Oct 2007 and they have ROFR from what the re-sale person told me. She said they sell, but it takes about a year and said we may get as much as $8-9000. I am skeptical, but that is what the timeshare gig has taught me to be. Best advice to get it sold to the highest bidder?

Kathy if all you are thinking about is $1000 for your unit and buyer pays Mf thats now about $1900 plus closing cost. If you really want to dump it for this little amount just to get rid of it include the 2008 MF in the price of $1000.

First of all forget my above post to you for this little amount of money at this time. You could still rent and half or all goes toward buying your unit so buyer would pay nothing or very little to you for your unit.

My post is working off your statement that Marriott would get you $8000.

Next thing is if you really want to sell and your week is in Nov 2008 don't give it to Redweek now. If at your price you found a buyer they will want to use it in 2008 so you will be backing your self into 2009 .

Just run couple ads and run one in Colo Craigs List free and another site or two for this low price and see what happens.

I think I read that you have already given the sales to Marriott last Oct. If so can you also list on your own?

It seems you stated you don't want to give it away and want fair price so there is big difference in $8000 and $1000.

Just remember you can't sell what you don't have and if booked you have nothing to sell until 2009 usage and that is a long time and another MF.

Unless you really need to get rid of it why would you even think of selling for a thousand dollars when Marriott resales dept inside your resort and know they understand what value they can sell for and telling you $8000.

Marriott has all that foot traffic everyday and if its like our resales dept there is always buyers in there looking and buying.

I stopped by last year to say hi to the girls and they had two different famlies buying and I was asked how I liked the Ridge Tahoe which we love and I told them so.

One lady was buying the Terrace and asked my opinion and I stated it was one unit I didn't care for and told her why.

After explaining we own the Naegle and Tower she wanted to see the Naegle. I found out next day the lady went to the Naegle and loved it and bought.

My opinion is for you to stay with your(MARRIOTT RESALES DEPT) and maybe get $8000.

Phil

I am glad the original poster of this idea came and can take credit. I think its a great idea and everyone kept saying negative stuff that implied she was just going to have to live w/ something she did not want. There are lots of creative ways to sell and theres a whole thread on it. This was the one that stood out, Phil its real good. It is always nice to read something that I never thought of myself especially if it ends up working. There is no magic in a resale, but there is a developer presentations and YES the financing could be an issue which is why you need to determine your own bottomline as Phil stated. With marriot thats just not true that you are stuck blah, blah, blah.. IF $1000 is all your looking for Then just sell it on ebay for Buy it now. I agree w/ Phil No need to rent cause your buyer will be more likely to buy if they have something tangible for the year to use. Though in the end, that low, marriot will probabally exercise ROFR. I think you could get it Buy now on ebay or reserve auction. My assumption though is you meant to say rent for Red week for $1000. Thats how I read it and then do a sale but at least you make some $ back for MF since your not sure if it will sell. If not and you are asking just 1000, thats really cheap for a Marriott week, studio or not, you meant sell for $1000? Jim

Jim ,I do hope this helps her make her mind up on what is best for her!

We can only give idea's and hope it helps others.

My only question is why even think of going through all this if what Kathy says is right about using Marriott resales dept and not some upfront company.

Yes you can not trust any of these people but a resort resales has to also protect their name so I doubt they would take it and not sell it. Phil