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Original Message:
It DOES sell with Redweek's suggestions! (by Carvan A.):
Kathy,
You say Marriott sold your Breckenridge ski week and that you ". . . NEVER had to pay Marriott one single penny!" Actually you did pay Marriott a 40% commission or $5,940 which is significantly more than one single penny. The real loser in this transaction was your buyer who paid Marriott $14,900 for the studio plus closing costs. Your uninformed buyer could have actually purchased a similar unit (studio at Breckenridge in ski season) for $7,900 on Redweek. There are seven listings for Marriott Breckenridge timeshares ranging from a Fall/Spring listing with a price of zero (or best offer) to the ski week for $7,900.
Your buyer probably fell for the salesman's assurance that buying from Marriott gives benefits not available to a resale purchaser. Actually, your buyer is entitled to exchange his week for 75,000 Marriott points a year which will get him three nights at a Marriott Hotel. Hardly worth the $7,000 premium he paid to Marriott. As for me, I will take a Marriott resale on Redweek and save the $7,000.
You may not realize it but based on the facts you give, (you purchased for about $13,000 and it sold for $14,900) you have a capital gain of $1,900 which I am sure Marriott's closing firm will dutifully report to the IRS on a Form 1099. The tax on the gain will exceed a "single penny"! Some accountant will say oh but she can deduct her selling expense. That won't prevent the Form 1099 from going out.
I congratulate you and cry for your poor buyer.
C. Glenn