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Marriott Timeshare Hilton Head Island, SC
Posted on 4/4/18 at 7:09 pm
Posted on 4/4/18 at 7:09 pm
We have owned two weeks at Marriott’s Sunset Pointe at Shelter Cove since 1991. Our initial cost was $25,000 and pay a yearly maintenance fee, which is now $2600 a year or $1300 per week. The weeks are floating sport weeks that fall within late March to mid June and September to mid November. We can reserve a year and one week ahead, due to fact we owned two weeks, The weeks can be used consecutively, separately or occupy two units in the same week.
My husband passed away last September and I am now ready to sell or turn over to Marriott. Marriott rents these units 2 bedroom condos (sleeps 6 adults) for just under $2000 per week. I am going back one last time for two weeks in May.
Resale’s run $5000 per week. I am asking $7000 for two weeks.
If you or someone you know might be interested in purchase of my two weeks, please contact me, for additional questions. I believe the administrators would pass on my email address. Missouri admins have my email and phone contact info.
My husband passed away last September and I am now ready to sell or turn over to Marriott. Marriott rents these units 2 bedroom condos (sleeps 6 adults) for just under $2000 per week. I am going back one last time for two weeks in May.
Resale’s run $5000 per week. I am asking $7000 for two weeks.
If you or someone you know might be interested in purchase of my two weeks, please contact me, for additional questions. I believe the administrators would pass on my email address. Missouri admins have my email and phone contact info.
5
Posted on 4/4/18 at 7:27 pm to Bogie00
I'll give you $350. Final offer.
Posted on 4/4/18 at 9:35 pm to Bogie00
I would create a profile on South Carolina and Clemson's free message board sites and see if anybody could help facilitate the transaction. You may have to contact the mods for each site though prior to posting. There's a few Gamecock sites and one Clemson site that come to mind. If this was Myrtle Beach, Murrells Inlet or Pawleys Island, I could help you.
Posted on 4/4/18 at 10:02 pm to Bogie00
quote:
My husband passed away last September
T&P
Posted on 4/5/18 at 7:49 am to PrivatePublic
I just had to run the numbers because I'm a nerd. If you assume the rental rates and maint fees grew at 3% per year, this "investment" literally just went IRR positive last year. $75k spent since 1991, $75k in rental value received. Maybe I don't understand time shares.
Posted on 4/5/18 at 8:00 am to Bogie00
[quote]Our initial cost was $25,000 and pay a yearly maintenance fee, which is now $2600 a year or $1300 per week[/quote]
If you have a choice, I'd pay the $2600/year. much cheaper than $1300/week.
If you have a choice, I'd pay the $2600/year. much cheaper than $1300/week.
Posted on 4/5/18 at 8:03 am to GameCocky88
Glad you said that. I thought I was reading that wrong...
Posted on 4/5/18 at 8:10 am to GameCocky88
quote:
you have a choice, I'd pay the $2600/year. much cheaper than $1300/week.
Her contract is for 2 weeks a year. $1300 x 2 = $2600 a
year.I'm assumming she divided the numbers in case a
potential buyer wanted to split with somebody else.
I'm assuming neither of you were math majors.
This post was edited on 4/5/18 at 1:54 pm
Posted on 4/5/18 at 8:13 am to RD Dawg
You are correct. I am no math major or mess with timeshares. I am a stupid
Posted on 4/5/18 at 8:16 am to teamjackson
quote:
You are correct. I am no math major or mess with timeshares. I am a stupid
If you were truly stupid.... you'd mess with timeshares.
Posted on 4/5/18 at 8:37 am to GameCocky88
I was under the impression that timeshares had been basically done away with years ago...is this still a going concern?
Posted on 4/5/18 at 8:42 am to coachcrisp
quote:
was under the impression that timeshares had been basically done away with years ago...is this still a going concern?
Still around and their sales pitch is as sleazy as ever.
I do have a couple of friends that have purchased them
and have no complaints.
Posted on 4/5/18 at 11:37 am to RD Dawg
The main problem(lie) with timeshare is resale value. There basically isn't any resale value because timeshare violates the essential element of real estate value: scarcity. The resorts themselves are usually very nice because of the ongoing maintenance fees to the owners. If you purchase timeshare, your return in investment must be measured in memories and quality vacation time spent..not in resale value.
Posted on 4/5/18 at 12:12 pm to kevind1965
Figuring just off the top of my head, from the #s she quoted, at today's prices, she's saving about $1000 a year by owning instead of renting for 2 weeks. It would take her 25 years to retrieve her initial investment at this rate..not to mention factoring inflation into the $25,000 initial investment.....and people are still buying them? 
Posted on 4/5/18 at 12:34 pm to coachcrisp
We have a phrase in our sales department, "If they'll buy a timeshare, they'll buy anything."
Posted on 4/5/18 at 2:29 pm to kevind1965
quote:
The main problem(lie) with timeshare is resale value. There basically isn't any resale value because timeshare violates the essential element of real estate value: scarcity. The resorts themselves are usually very nice because of the ongoing maintenance fees to the owners. If you purchase timeshare, your return in investment must be measured in memories and quality vacation time spent..not in resale value.
All true, and even the sales pitch of timeshares will explain that. Obviously, the longer one owns a time share, the more value they receive from the purchase. Marriott is 5 star quality and vacationing with all conveniences of one’s home is very nice. Then add in the amenities of a resort area.
The price I am offering gives a break even after about 5 years and $1400 savings thereafter per year.
Timeshares are still very popular, but usually cost more now that most have gone to point system. Our deed locks us into one resort, for 1-2 week stay: but many owners join an exchange program such as Interval International or RCI. We did that for 22 years and went to resorts all over the world. Of course, there were additional exchange fees per week.
The real advantage is for folks who live within a days drive, love the ocean/beach, golfing, tennis, biking, nature trails, and marina activities. There is something for every one to enjoy at Hilton Head. If my extended family and I lived in the region, I would not be ready to give it up.
This post was edited on 4/5/18 at 2:48 pm
Posted on 4/5/18 at 4:42 pm to Bogie00
Sorry about your loss Bogie, hope u get these rented out
This post was edited on 4/5/18 at 4:43 pm
Posted on 4/5/18 at 7:40 pm to TennesseeFan25
Thanks for your condolences. We always expected to move to the South East after retirement. Now that would just make me many many miles from all family.
Posted on 4/5/18 at 9:09 pm to Bogie00
Thats really hard, and I don't know how you balance being in area that really makes you happy against being around the people that make you happy. I hope you find it though
Posted on 4/5/18 at 9:23 pm to Bogie00
quote:
Obviously, the longer one owns a time share, the more value they receive from the purchase. Marriott is 5 star quality and vacationing with all conveniences of one’s home is very nice. Then add in the amenities of a resort area.
No doubt and people seem to be comparing your timeshare investment to purchasing a vacation property as opposed to staying in a hotel or renting a house/condo over the course of 20 years where this no ROI at all.
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