Originally Posted by drtdk
Could you explain the terms "buy developer" and "developer intervals" for those of us (OK, maybe just me) who are not "timeshare-fluent"? Thank you.
Developer = Marriott, in this case.
Interval = timeshare stay, usually one week. When one purchases an interval, or week, they purchase a 1/52 interest in the underlying real estate, if deeded, or a similar interest to use, if RTU (right to use)
Pre-construction = the period after sales begin but prior to occupancy commencing. Sometimes, this period is expanded to the period prior to the resort being completely built.
In pre-construction, generally, one can only buy from the developer. In rare cases, resales (intervals purchased from the developer and re-sold privately) can become available pre-construction. We've seen one instance of a MGC resale so far on TUG.
Marriott resales generally run between 40 and 60% of the current developer price.
This thread is likely not the best place for a timeshare primer, especially by me
. Another FT'er, DaveM, is also an administrator on TUG and owns numerous Marriott timeshares. He's far better qualified to comment than I. Did my best though
Pat