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Marriott Buyback Offer Database

dioxide45

dioxide45

TUG Review Crew: Expert
TUG Lifetime Member
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Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
Building off of the ROFR database that I created over five years ago, I have created a second similar database to track buyback offers that people receive from Marriott. It seems that Marriott has been increasing their buybacks, so this will be a neat tool to track offer details and any trends in the offers that Marriott gives over time.

Please feel free to take a look at the new database. If you have any details from offers that you have received, please add them using the link provided. Even if you see an offer in the database that matches one you received, feel free to add it also. The more data the better. You can even add old offers or buybacks that happened in the past (back to 2008). You don't need to have a completed transaction to add your information. All you need is that you were provided a buyback offer.

I do ask that if you see anything that doesn't seem to work or look right, let me know. Since I built off the ROFR database, if you see anything referring to ROFR, let me know. I think I got all those references, but it is possible that I missed something.

http://dioxide45.tripod.com/buyback.html
 
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I should add, please don't add weeks that were re-sold through Marriott resales, only weeks that were bought back by Marriott.
 
I would like to know if Marriott is offering more to buyers who bought direct and if certain deeded weeks in a float period are offered more money. I don't know if we will have enough data points to draw conclusions but perhaps everyone here who hasn't done so already could ask Marriott about the weeks they own - without committing to anything unless desired.
 
tschwa2 said:
I would like to know if Marriott is offering more to buyers who bought direct and if certain deeded weeks in a float period are offered more money. I don't know if we will have enough data points to draw conclusions but perhaps everyone here who hasn't done so already could ask Marriott about the weeks they own - without committing to anything unless desired.
Click to expand...

I could look in to adding deeded week number and whether it was a developer or resale purchase. Adding would take some more work and I am running out of real estate to fit in more fields across the page.
 
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Is there a ROFR database anywhere? My resale just passed and I can't believe it did. Don't want to hijack this thread, so let's just leave it at that.
 
Dioxide45 has one. Link is in his signature, right above your post. Glad your week passed, congrats!
 
Taking Ability to Add New Records Offline

I am taking the ability to add new records offline temporarily. Considering adding a few new fields that tschwa2's post got me thinking about; Developer/Resale, Deeded Week #, Fixed Y/N. I think the fixed week information may be of importance if someone has fixed weeks to add.
 
I tried to enter my buyback quotes and keep getting an error message on the page.

MCP - Sport - $2,200 less $500 net $1,700
MGV - Gold - $2,400 less $500 net $1,900
MHZ - Platinum - $4,300 less $500 net $3,800

I purchased my MHZ for $750, so would make a nice profit - if I wanted to sell it that is.

JP
 
JPrisco said:
I tried to enter my buyback quotes and keep getting an error message on the page.

MCP - Sport - $2,200 less $500 net $1,700
MGV - Gold - $2,400 less $500 net $1,900
MHZ - Platinum - $4,300 less $500 net $3,800

I purchased my MHZ for $750, so would make a nice profit - if I wanted to sell it that is.

JP
Click to expand...

Check out my last post, right above yours :eek:
 
classiclincoln said:
Is there a ROFR database anywhere? My resale just passed and I can't believe it did. Don't want to hijack this thread, so let's just leave it at that.
Click to expand...

Who did you buy it from? If it was a discount seller then the ROFR is almost for sure inflated and the reason it passed.
 
Back Online

Okay. Additional fields have been added and the add form is back online. If you previously added a record and want to updated it, feel free to add a duplicate record and I will remove the incomplete one, or you can PM me the details and I will update the record.
 
Bocaboy,

Is your entry correct? That price for sure looks like it went through as a resale to one of their customers and not bought back for the trust.
 
Nothing in your data base

First of all, THANKS dioxide for doing this for us, it is VERY helpful! I tried to sell Marriott my 1 Bed 2 Bath OCEAN FRONT at the Kauai Beach Club back to Marriott, and they responded that they had plenty of inventory at this time. I have listed it on Redweek and TUG, and already have been contacted a few times so I don't think I will have trouble selling it. (My husband can't go with me, so I am selling a few of my timeshares....) When I look at your database, it appears Marriott has not bought back ANY Kauai Beach Club. Interesting. Anyone know why?
Thanks, love TUG!
Marcy
 
HTML:
Saintsfanfl said:
Bocaboy,

Is your entry correct? That price for sure looks like it went through as a resale to one of their customers and not bought back for the trust.
Click to expand...

I can't speak for BocaBoy, but from his prior posts about his Sabal Palms I am pretty sure that it was a true buyback. There is no ROFR at Sabal Palms and it was still early in their recent buyback program. The Admin Fee of $500 would also lead to a buyback and not a resale where the commission is 40%.

mlpmd56 said:
First of all, THANKS dioxide for doing this for us, it is VERY helpful! I tried to sell Marriott my 1 Bed 2 Bath OCEAN FRONT at the Kauai Beach Club back to Marriott, and they responded that they had plenty of inventory at this time. I have listed it on Redweek and TUG, and already have been contacted a few times so I don't think I will have trouble selling it. (My husband can't go with me, so I am selling a few of my timeshares....) When I look at your database, it appears Marriott has not bought back ANY Kauai Beach Club. Interesting. Anyone know why?
Thanks, love TUG!
Marcy
Click to expand...

The database is new, only a few days old. So until people add their own offers, they won't show up. Hopefully more people read about the database and add the offers that they have received.

I would not be surprised if they don't buyback any Hawaii weeks except for a few select prime fixed weeks. There is a lot of Hawaii inventory in the trust.
 
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dioxide45 said:
HTML:

I can't speak for BocaBoy, but from his prior posts about his Sabal Palms I am pretty sure that it was a true buyback. There is no ROFR at Sabal Palms and it was still early in their recent buyback program. The Admin Fee of $500 would also lead to a buyback and not a resale where the commission is 40%.
Click to expand...

That's true. But at $11,300 that is higher than Marriott is selling the same week for. Also, were they doing buybacks in 2011? I thought they started more recent.
 
Missed the link on Dioxide 45's post, thanks.

"Who did you buy it from? If it was a discount seller then the ROFR is almost for sure inflated and the reason it passed."

I called Marriott and gave them the week and unit number. They said they couldn't give much information due to privacy, but did see my name and the correct selling price, to the offer wasn't inflated.

"I would not be surprised if they don't buyback any Hawaii weeks except for a few select prime fixed weeks. There is a lot of Hawaii inventory in the trust. "

This explains why it passed, even at the price we paid.

Will post information in the database once I have deed in hand.
 
Just looked at the recent posts in this thread. I can assure you that Marriott itself bought my Sabal Palms Red week for the trust. It was NOT a brokered resale. Because Sabal Palms has no ROFR, they apparently needed to buy some weeks there for the trust. They made offers at that time to some of the people on the Resales waiting list. If I recall correctly, I was # 8 on the waiting list at the time of the offer. Dioxide's comments were 100% accurate in all respects.
 
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Saintsfanfl said:
That's true. But at $11,300 that is higher than Marriott is selling the same week for. Also, were they doing buybacks in 2011? I thought they started more recent.
Click to expand...

At the time, it was considerably lower than what they were trying to sell the same week for through Marriott Resales.
 
Saintsfanfl said:
Gotcha. Is the list of non-ROFR resorts fairly short?
Click to expand...

(from the ROFR info in the Weeks FAQ)

"... the following resorts do not have ROFR provisions:
Marriott's Frenchman's Cove • MFC
Marriott's Desert Springs Villas • MDS (only DSVI)
Marriott's Fairways Villas • MFV
Marriott's Harbour Club at Harbour Town • MHH
Marriott's Harbour Point at Shelter Cove • HPS
Marriott's Heritage Club at Harbour Town • MHG
Marriott's Monarch at Sea Pines • MMS
Marriott's Royal Palms • MRP
Marriott's Sabal Palms • MSP
Marriott's Streamside (Birch, Cedar, Douglas) • MVB, MCD, MDO
Marriott's Sunset Pointe • MSN"
 
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