Original Message:
Re: BUYING DEVELOPER vs RESALE (typical scenario) (by Mike N.):
lloydh13 wrote:============= First, I would not believe anything the salesperson says unless it is specifically written in your purchase and sale agreement. That being said, Marriott can (in some cases) exercise a Right of First Refusal, but would only occur if you had a purchase agreement with another buyer. I guess this could be considered buying back a unit at a RESALE "market value". I haven't heard of Marriott just buying a unit, though they might do it with high demand units, especially if they know they can flip it for a quick resale at a higher cost. I can reasonably assure you that "market value" won't be what Marriott is currently selling units for.We recently went to a Marriott sales presentation and were told that they will buy back our timeshare at market value if we decide at some future date we no longer require it. Has anyone ever had their timeshare bought back by Marriott at market value?