Original Message:
Re: BUYING DEVELOPER vs RESALE (typical scenario) (by Carvan A.):
lloydh13 wrote: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?
We are Marriott owners and over the years have attended many Marriott timeshare sales presentations from Hilton Head to Hawaii and points in between (for the free gifts) and have never heard a Marriott salesman make a sales pitch that indicated Marriott would buy a newly purchased unit back at "market" at a future date.
I think the salesman was mistaken or purposely lied to close the deal. Get it in writing and have "market" defined. I suspect the salesman's concept of market is the resale market value which is considerably less than the developer price. As Jayjay has said, "if the salesman's mouth is moving he is lying". The only thing you can count on is what is written into the contract.