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I'm considering buying a resale unit. Am I crazy? So many people are selling them, but why? Even if they can't go by themselves it looks like a good investment rental being divided into two units. Is there anything I should know about? Does booking system/personnel treat the owners who bought through Marriott and those who purchased resale differently? I'm looking for high season, Lighthouse building. Am I right or wrong? With all those crazy hotel prices it looks like the most budget friendly solution. We are 60+, planning to add children to the ownership title.
Lance C.
Most people are trying to get rid of such things because, in most cases, the maintenance fees exceed what can easily be fetched for a rental. As well, renting out your unit can be costly and a headache. just look at all the complaints and criticisms on these boards about the outrageous fees RedWeek is charging for owners using RedWeek for rentals.
And as for adding your children to ownership, I strongly suggest that you ask them if they want to be part of it. A better option would be, if they do want it, to stipulate that in your will rather than making them co-owners.
Emma S.
I want to sell my property, but it seems it's not easy, Marriott does not help, does anybody have a suggestion please I've been considering hire a firm that manages the redeeming of the contract, is that the only way?