Frequently Asked Questions About Selling Marriot Grand Residence at Lake Tahoe Timeshare
Learn about the Marriot Grand Residence Lake Tahoe timeshare selling process by reading through these common questions from Grand Residence Lake Tahoe timeshare owners.
What is my Lake Tahoe Street timeshare worth?
Due to the many variables of timeshare ownership, such as week numbers, bedroom size, maintenance fees, etc., it can be difficult to determine the value. Our Marriott Grand Residences specialists are trained to provide you with a competitive range of resale values, based on these variables.
Can I sell my Lake Tahoe timeshare back to the developer for the original amount?
The resort will not purchase the unit back from you at the original price because a large part of the retail price paid to the developer is used to cover the salesperson’s commission. In addition, high pressure sales tactics tend to inflate the price you pay far above what the unit itself is worth and the resort will be unwilling to cover these costs.
How can I advertise my timeshare online?
The first thing you will need is all of the ownership documentation and financing details about your Lake Tahoe unit. Have these on hand before contacting us, so our Marriott Grand Residences Club specialists can provide you with the most accurate advice and assistance as possible.
Will all of my Lake Tahoe ownership rights transfer to the next buyer?
All ownership rights included in the deed for your Lake Tahoe property will be transferred to your buyer at the point of sale. Certain bonus amenities, such as extra weeks or free rounds of golf, remain in your name and do not transfer.
What is the Right of First Refusal (ROFR)?
The Right of First Refusal (ROFR) is a clause in the purchase agreement you signed with the developer, stating that the company that sold you the timeshare (such as Marriott) has the right to purchase it back from you once a resale agreement has been reached with a third party buyer. As an owner, you receive the same purchase price that had been agreed, except that the resort is paying for the unit, not the buyer.
How long does the resale process take for Lake Tahoe timeshares?
The timeshare resale market is subject to fluctuations, which means that sometimes your unit may sell more quickly or more slowly. So long as you price within the market average, you should be able to sell your Lake Tahoe unit rather quickly.