Buying Marriott Vacation Club Resale

Post reply

Note: Please do not post ads in the timeshare forums. If you want to add a timeshare posting, go here.

Original Message:

Re: Buying Marriott Vacation Club Resale (by Mike N.):

ann286 wrote:
carvana wrote:
ann286 wrote:
carvana wrote:
mnop wrote:
I think my basic question was about how a resale Marriott owner exchanges thur II. The direct purchase owner is allowed to view Marriott exchange deposits for 24 days from the deposit date before non-Marriott owners are able to see the deposit. Is a resale Marriott owner treated like "other II members" who do not see Marriott deposits for their first 24 days, or do Marriott resale owners immediately see Marriott deposits like Marriott direct purchase owners?

I have owned both Marriott timeshares purchased from Marriott at developer price and Marriott resales purchased from individuals. The resales received the same 24 day priority with II as do those purchased from Marriott. There have been rumors on Redweek posts that Marriott would discontinue this 24 day priority for resales but it has not happened. The only disadvantage to buying resale is that you do not have the option to trade your week for Marriott points. Anything can change and you should independently verify the question with Marriott prior to pulling the trigger on a resale purchase. The 24 day priority is a big deal and it helped us consistently trade Marriott Streamside Vail summer weeks for the higher demand Marriott ski weeks.

Anything can change and will as Marriott continues to take control of the resale Market. If you buy externally, you can never sell it thru Marriott, you can never exchange it for points plus you are listed as an external owner which gets you limited help and assistance. Furthermore,Marriott has first right of refusal, meaning if you purchase a week and think you are getting such a great deal...those contracts go across corporate Marriott's desk and they reserve the right to purchase that week at that price you are buying it for and several owners have lost out because Marriott has taken those weeks back and sold them for full price thru Marriott. This has been happening on hot ski weeks and on their ocean front locations.

Ann,

You speak with such authority that it suggests to me that you are a Marriott sales representative or at the very least a shill for Marriott as your post sounds just like the pitch we hear every year at Hilton Head when we agree to a sales presentration in return for 10,000 Marriott points!

You start by saying that "anything can change" and then contradict yourself by saying "you can never" twice.

How can you say an owner has "lost out" when Marriott under their FROR pays the seller (owner) the sales price he/she has agreed to with a third party. Possibly, the owner's selling price is greater than he/she would have received had Marriott sold the property for him/her less the 40% commission. Think about it. All the seller cares about is getting his price. He doesn't care whether Marriott buys it or a third party buys it. Truth be known. and you as a Marrott insider know this, Marriott seldom exercises their ROFR and does so only when it is a bargain purchase in a desirable season at a ski or ocean resort.

Lastly, as a Marriot owner I am pleased to hear from someone purporting to be an authority that Marriott is taking control of the resale market. That is what is needed in the timeshare industry and hopefully more developers will follow suit. Now, Marriott can really do a great thing if they take the next step and repurchase timeshares from unhappy owners who are unable to sell through Marrott and/or the resale market. Maybe, If you are high enough up the Marriott food chain, you can make this happen!

Carvana,

I am an owner of two Marriott Timeshares since 1992 on Hilton Head. I grew up vacationing with Marriott timeshares since the beginning. I apologize for the misunderstanding when I typed up that the owner is disappointed...I meant the "owner" who was trying to buy and end up losing it to Marriott who buys it by FROF. Marriott does indeed exercise this option and does this often on the ski weeks as well as the ocean weeks. It happened to a girlfriend of mine who was buying a week at Grande Ocean and Marriott purchased it out from under her. She was excited to be getting a deal and it obviously was at the right price because Marriott purchased it directly from the seller.

I am not looking to have a heated discussion on whether you should buy resale or new...I am just sharing with you what I know is happening and what you can and can not do. I think everyone should own timeshare and should buy what they can afford and mostly importantly they should use it! Happy vacationing!

============== If Marriott exercises its ROFR, can the owner refusing Marriott's "offer" and going back to the original buyer and ask for more $$. Maybe an extra thousand or so from the buyer will be enough to stop Marriott from the ROFR.

IMO, Marriott's (and others) practice of ROFR borders on unethical. They "hang around" like vultures waiting for the undervalued sale. Then they will buy a unit for below market value, then double (maybe triple) the price, and resell. If ROFR is exercised, Marriott should at least offer a price closer to THEIR market value.

A better system would be for the owner to be able to offer it to Marriott first, BEFORE listing it on the open market.