Want to sell, will wait for fair price

kathyk117 wrote:

I really like Phil's idea. I would advertise in the Denver paper (we live 60 miles north of Denver) or Redweek.com, or even TUG2? Play up the rent to buy option, I assume and see what happens? Any suggestions or cautions other than appropriate price and trying to find the right renter/buyer? I talked to Marriott again yesterday and they re-market the resales just as they do all the unts in their sales talk. When it sells for $14,900, they give me $8000 and pay all the fees. Said that timing is unknown and said chances are "fair" that it will sell during the next winter ski season. NO promises, which at least sounded honest. I will wait to get final suggestions from Phil and proceed ahead. Kathy

Kathy I am no expert on Marriott and ROFR. We thought about buying Marriott in Maui few years ago and also Lake Tahoe but after hearing prices we went back up the hill and bought the timeshare we owned years earlier Ridge Tahoe for a lot less money.

I don't know what amount you would be happy with but if Marriott sells and they state $14900 and you get $8000 after cost if I read your post right.

If you want to wait and let Marriott sell you wouldn't need to do anything but wait and for many this is good.

We have resale at the Ridge Tahoe and even though they take out more the job gets done and I wasted no time myself dealing with people.

I would recommend letting them sell it and when we sell one of our Ridge Tahoe units I probabaly would use resales dept too unless someone told me they would like my timeshare first.

Now after saying this if you want money now and want to deal with selling then run ad to rent with option to buy.

I would recommend forgetting the numbers Marriott threw out there and decide your bottom line.

If you decide $5000 and you are out of it then try and rent with option to buy with rental fee coming off price as down payment. If you rented it for $1000 then your buyer would owe you another $4000 to buy your unit. Plus they pay all closing fee's and if used this year they normally would also pay you for the Mf but this is something between you and buyer.

Kathy just make sure you write in rental contract that no matter what happens on possible sale this $1000 is the rental fee for the week rented only!

Just be upfront with the people renting that if there offer gets past ROFR you will sell to them for total amount of $5000 with the down payment being the rental fee.

This is a no lose for you if your renter buys because you would get your total $5000 but if Marroitt takes it you get $5000 plus your $1000 rental fee! Bet you never thought about that.

The reason I say to have a price your happy with because the bottom line is the people will get your unit or Marriott will and you will be out from under it.

If Marriott feels it will sell by this year for $14000 I would think they would stop your sale and they would do ROFR on you anyway for this unit.

The reason I said I would use our resales first is we used Redweek rental site last year for July 4th week and not one hit and again this year with not one hit. Last year and this year we will use it if not rented.

I broke up our other unit and traded for Maui 2008 and had the Ridge rent this week 2/22--2/29 for the lock-off and all but next thru has been rented. Ridge did more with my studio than Redweek ad had done in two years.

Botton line is price is everything then location and season. If you really want $8000 think about letting Marriott sell it first!

Good Luck! PHIL

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 more 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 you do a deposit 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 tells you that you probably would get $8000. If you are really dealing with a 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 then there is always buyers in there looking and buying.

I stopped in last year just to say hi to the girls and they had two different families 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 that it was the one unit I didn't care for and told her why.

After explaining we owned 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

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 !000.

First of all forget my above post to you for this little amount of money at this time.

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.

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 Marriot week, studio or not, you meant sell for $1000? Jim

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

phill12

jimy21 wrote:

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

jimy21 wrote:

Phil, I 100% agree. If it is Marriot resales. I only began posting on the issue because I notcied alot of people telling Kathy, it was just a loss. She was stuck with a Marriot week she did not want. I think that if she is willing to accept just $1000 then that is a fire sale. Otherwise if it is the Marriott resale dept, which I know little about, then wait it out for 700% more $. Bottom line is she is not stuck with her developer week. It is actually worth something which is not always the case on the resale market. jim

Jim you are right! I stated on a post months ago if we get tired of going over the same subjects everyday with new people to just print a list at the top of the forum under rules.

Don't use upfront companies, drop your price because it is to high and you should run your ad on Redweek!

I have run a ad two times and never even had a hit. There are always other options people can try before giving up.

Some people on here always use these three statements to try and help people or Redweek, I'm not sure!

Its true some timeshares can not sell even for a dollar as you can see everyday on E-Bay.

It may take time but I have trouble believing any size Marriott will not sell at some point and if Marriott says it will then I would have agree with them.

One of the reasons to spend big money and buy like Marriott is to own something that retains value and all the big names do this.

Kathy would be doing Marriott a favor if she sold for $1000 because Marriott would take it. They then would make $14900 on the sale!

UPDATE 2/26 HOLIDAY HAVING PRESALE NEXT FOUR DAYS AND KATHY'S MARRIOTT HAS A STUDIO FOR SALE WEEKS 24-38 FOR $3200. THIS MEANS KATHY'S SKI WEEK IS WORTH EVEN MORE!

phil

phill12 wrote:

jimy21 wrote:

Phil, I 100% agree. If it is Marriot resales. I only began posting on the issue because I notcied alot of people telling Kathy, it was just a loss. She was stuck with a Marriot week she did not want. I think that if she is willing to accept just $1000 then that is a fire sale. Otherwise if it is the Marriott resale dept, which I know little about, then wait it out for 700% more $. Bottom line is she is not stuck with her developer week. It is actually worth something which is not always the case on the resale market. jim

Jim you are right! I stated on a post months ago if we get tired of going over the same subjects everyday with new people to just print a list at the top of the forum under rules.

Don't use upfront companies, drop your price because it is to high and you should run your ad on Redweek!

I have run a ad two times and never even had a hit. There are always other options people can try before giving up.

Some people on here always use these three statements to try and help people or Redweek, I'm not sure!

Its true some timeshares can not sell even for a dollar as you can see everyday on E-Bay.

It may take time but I have trouble believing any size Marriott will not sell at some point and if Marriott says it will then I would have agree with them.

One of the reasons to spend big money and buy like Marriott is to own something that retains value and all the big names do this.

Kathy would be doing Marriott a favor if she sold for $1000 because Marriott would take it. They then would make $14900 on the sale!

UPDATE 2/26 HOLIDAY HAVING PRESALE NEXT FOUR DAYS AND KATHY'S MARRIOTT HAS A STUDIO FOR SALE WEEKS 24-38 FOR $3200. THIS MEANS KATHY'S SKI WEEK IS WORTH EVEN MORE!

phil

UPDATE 2/26 HOLIDAY HAVING PRESALE NEXT FOUR DAYS AND KATHY'S MARRIOTT RESORT HAS A STUDIO FOR SALE WEEKS 24-38 FOR $3200. THIS MEANS KATHY'S SKI WEEK IS WORTH EVEN MORE!

phil I am thrilled with the most recent advice Phil and Jim are giving me. I have joined TUG and listed my unit for sale at $7000 w/Phil's rent to buy option for my 2008 condo use. I plan to wait and see what Marriott will do if no one is willing to go close to my asking price. I may have to wait and pay more dues next Jan, but I think I'll stick to my asking price on TUG. You guys have been a great help!! Kathy

Kathy I wish you luck! Hope you can use it if no renter for your Nov2008 week.

Remember you probably would need to drop your price to bargan with a renter because you won't get what a Marriott sales person can get because they can do the financing.

By using it if not rented or sold you don't waste your MF and get nothing.

If you get someone tell them to take the tour while there and grab the free stuff and hear about the resort and the amount of money Marriott wants. Did you check other ad's for your resort and make sure you listed a good price?

If it comes up tell them Marriott has it going for the $14900 for your unit and make clear of ROFR!

Tug is a great site and if you still have no renter use the last minute listing free. Its within 45 days of use and can only rent for $100 a night or $700 for the week.

Kathy, I am very interested to hear if you get results as I am sure Phil is as well. Patience may be key here cause you are lucky that Marriot has a section of its organization devoted to resale. Even still if it goes quicker for a price that is fair that is all the better AND its rented. Props again to Phil for a Very creative slightly unorthodox approach for people to possibly save some of there losses. Especially since many of us timeshare owners may have stuff that companies such a Wyndham have allowed to drop to about 10% of developer cost if we are lucky. Thats where the negative vibe comes from. Lots and lots of lost $. Again props to Phil and even some to Marriot for standing behind there product more than most of the developers. Please keep us informed. jim

jimy21 wrote:

Kathy, I am very interested to hear if you get results as I am sure Phil is as well. Patience may be key here cause you are lucky that Marriot has a section of its organization devoted to resale. Even still if it goes quicker for a price that is fair that is all the better AND its rented. Props again to Phil for a Very creative slightly unorthodox approach for people to possibly save some of there losses. Especially since many of us timeshare owners may have stuff that companies such a Wyndham have allowed to drop to about 10% of developer cost if we are lucky. Thats where the negative vibe comes from. Lots and lots of lost $. Again props to Phil and even some to Marriot for standing behind there product more than most of the developers. Please keep us informed. jim