Successful Resales & Rental Feedback Wanted

donr147 wrote:

I'd love to hear just ONE sincere success story and how it was accomplished!

We are new to Redweek this year. We were directed to Redweek by other timeshare holders that swear by it and have used it for years. I started by posting my week in my timeshare and Redweek already had all of the information describing my timeshare, Marriott Maui. I was contacted by someone with 2 weeks who wanted to rent my week. I then grabbed a copy of the agreement that they suggest using for a rental agreement. We modified according to our agreement with the proper language for in case there is a cancellation. We agreed to half up front and the balance 3 months prior to arrival with the caveat that if there is a cancellation was dependent on the ability to rent it again before my week arrived. Marriott supplied us with a confirmation with the new renters names.

Please let me know if you have any questions.

Thanks, Bill Casey

danyellem2 wrote:

I have worked in timeshare for Marriott for years. I always tell my owners to never trust any company that is asking for money upfront!! All I hear from my tours experience is they never get sold and it is a waste of money! Good luck! You will have much more success selling the property on your own on EBAY

Great, a timeshare salesman recommending you sell your $40k timeshare on eBay which will sell for maybe $3k. I don't know what's worse, hearing a timeshare salesman talk about resale scams (there's the pot calling the kettle black) or hearing a timeshare salesman recommend selling your timeshare on eBay.

He's sadly correct though. While I have sold a good number of timeshares in the last 6 years thru wensites other than eBay, eBay is pretty much the only site offering true information to the buyer and seller what the "market price" of resale timeshares are and it's pretty much the only market where nearly all the timeshares sell - even if at auction prices.

Funny how the Marriott salesman doesn't mention many Marriott locations will sell resale Marriott units after they sell out their resort. I think they take a 40% commission and you have to wait 1-6 months for your unit to sell, but the process does enable owners to sell their units and net a higher amount of money than thru other selling channels.

There are a very small handful of resorts which iffer resale services to their owners. I find it sad there are not more of these services available to owners. I also wish someone would implement national regulation of timeshares with firm penalties for companies scamming owners. I don't care if the owners should have known better, timeshare owners are a very captive audience without real options for selling their units, scammed into buying units which immediately are worth 5-40% of the purchase price for what is effectively Real Property!

If developers were required to offer resale services to their owners they could offer resale units along with their direct sale units and take the 40% commission. Owners would receive a lot more for their units than when selling on their own, and less people woupld be takin in by scams.

how did you sell?? did you use an on-line firm, a real estate brokeage, sell yourself??

any details would be helpful

First time Redweek member here and could use your advice. Two years ago my sister and I bought a timeshare at The Grandview in Las Vegas but haven't been able to use it. My sister lost her job a year ago and now the company I work for is going under, we live in the Caribbean and the exchange rate is killing us. We have tried selling our timeshare with timesharesonly.com and sellmytimesharesnow.com but to no avail. They have just taken our money up front and you don't get any feedback. The maintenance fees are not up to date. My question is do we have any other options? At this point we just want it off our hands we don't need to get any money from it. Thanks

carolinem61 wrote:

First time Redweek member here and could use your advice. Two years ago my sister and I bought a timeshare at The Grandview in Las Vegas but haven't been able to use it. My sister lost her job a year ago and now the company I work for is going under, we live in the Caribbean and the exchange rate is killing us. We have tried selling our timeshare with timesharesonly.com and sellmytimesharesnow.com but to no avail. They have just taken our money up front and you don't get any feedback. The maintenance fees are not up to date. My question is do we have any other options? At this point we just want it off our hands we don't need to get any money from it. Thanks

First and foremost, pay up your maintenance fees. Noone's going to even take a unit for free if there's a mortgage or MF owing on it.

Once that is done, I recommend going to tug2.net and advertising in their bargain basement section. The ad is free with a one-year $15 membership. If, after a while, you find no takers, offer to pay the closing costs and the following year's MF.

Whatever you do, do NOT pay another post card company (PCC) $2000 and up to "take it off your hands" because they will take your money and not your timeshare unit.

Hope this helps.

Thanks for the response I am willing to pay the MF but it still has a mortgage to pay as it's only been two years and I'm not in a position to pay it off

We recently bought a timeshare from a guy on Redweek.com thru Timeshareadventures.com it was easy and all done thru mail and email/fax. Very pleased with outcome. We now own a week in Cancun!! T.Tinder

Has anyone heard or used Timeshare Professionals?

carolinem61 wrote:

Thanks for the response I am willing to pay the MF but it still has a mortgage to pay as it's only been two years and I'm not in a position to pay it off

It's almost impossible to sell a timeshare that still has a mortgage.

carolinem61 wrote:

Has anyone heard or used Timeshare Professionals?

If they require a large upfront fee then it's a scam.

jayjay wrote:

carolinem61 wrote:

Thanks for the response I am willing to pay the MF but it still has a mortgage to pay as it's only been two years and I'm not in a position to pay it off

It's almost impossible to sell a timeshare that still has a mortgage.

Thanks JayJay, okay so here is my question the mortgage goes until 2015 what if I decide to pay it off in less time what would I need to do?

I am fortunate enough to have a timeshare (ocean view)at Marriott Maui Ocean Club in fact 2 -- each one is an e/o year. I would like to sell one and keep one -- but am finding it very easy to rent each (one every year) for more than the annual hoa for both. So, until economy improves and/or I can afford to return every year - not a bad way to go. Redweek makes it easy.

carolinem61 wrote:

Thanks JayJay, okay so here is my question the mortgage goes until 2015 what if I decide to pay it off in less time what would I need to do?

You could do that, however even if you pay it off early there's no guarantee that it will sell without a mortgage in this down economy.

tracyl118 wrote:

We recently bought a timeshare from a guy on Redweek.com thru Timeshareadventures.com it was easy and all done thru mail and email/fax. Very pleased with outcome. We now own a week in Cancun!! T.Tinder

How do you buy from a guy on Redweek.com thru Timeshareadventures.com? First of all, if you bought thru Timeshareadventures then you wouldn't be buying thru Redweek. Second, I looked at ads on Timeshareadventures and pricing there is 2-3 times higher than Redweek. And the Westin Kaanapali wads on that site list maintenance fees which were only in effect 2-4 years ago which suggests once they list a unit they either never remove it or the units don't sell on that site because their prices are too high ... which also suggests they probably cold call owners, get the owners to pay the high up front fee, list the units on a fancy looking website for above average pricing, and then do nothing to get the units sold.

janetr197 wrote:

how did you sell?? did you use an on-line firm, a real estate brokeage, sell yourself??

any details would be helpful

I used online free websites and fee sites like Redweek. 90% of everything I sold was thru sites where my ad lasted more than a year. Sites where I had to renew my ad more frequently tended to either never receive inquiries or receive offers far below my asking price and far below the lowest asking price on the websites. When I had them, I never had an inquiry thru my Redweek for sale listings which resulted in a sale - although my rental listings have been somewhat successful.

janetr197 wrote:

how did you sell?? did you use an on-line firm, a real estate brokeage, sell yourself??

any details would be helpful

1. Craigslist is free to advertise, but the spammers, scammers and "phishers" are much too numerous there (and seem to be in endless supply). Time is money too --- don't bother with Craigslist , unless you want to waste a lot of time weeding through such chaff (and contacts from fictitious "Nigerian Princes", UK Lottery Winner notifications, and other such nonsense, all looking to somehow steal your money).

2. eBay has essentially become the "global dumping ground" for timeshares of low demand and/or low value. If you are prepared to basically GIVE your timeshare away (and pay eBay lising fees to do so), this is an avenue to at least consider. eBay prices are as low as low can possibly go. However, with at least 1,000+ timeshares advertised on eBay each and every day, yours can still very easily get "lost" in the sheer volume of "offerings" there.

3. I sold off two of my weeks in the past year or so. I sold one week on RedWeek and one week on MyResortNetwork. Yes --- BOTH sites cost money to advertise, but if your timeshare actually DOES have any demand or any significant resale value, the advertising cost is worthwhile. Personally, these are the ONLY two sites I would utilize (or have ever used in the past) to advertise a timeshare which has any real value at all. If it has no real value, you can just offer it as a "bargain basement" giveaway on TUG and/or RedWeek.

Hope some of this input helps you. Good luck.

Does listing on RedWeek really work? Must sell timeshare (not paid off) and don't want to do Ebay ($$). What about Craig's list? How would I "list" it? Say "take over payments" or what. Want to get rid of this ASAP and with as little $$ out of my pocket as possible. Appreciate any and all replies, advice, help, etc., etc., . Thanks.

Hi. I have a RCI timeshare in Wa. State. I got 2 hits the first two weeks. One of them bought it. Good for both of us. Escrow must be in play before you find a buyer. Then you can turn the buyer over to them, then you get your check. Good Luck in your sale.

bonnied70 wrote:

Does listing on RedWeek really work? Must sell timeshare (not paid off) and don't want to do Ebay ($$). What about Craig's list? How would I "list" it? Say "take over payments" or what. Want to get rid of this ASAP and with as little $$ out of my pocket as possible. Appreciate any and all replies, advice, help, etc., etc., . Thanks.

It's just about impossible to sell a timeshare that has a mortgage balance. Even those timeshares that have no mortgage balance are hard to sell in this economy .... some can't even be given away.

I have rented my penthouse at PB Sunset Beach. It has 3 bdrooms and can sleep 10 so I think it may rent easier because large parties or families would otherwise have to rent several units at the same resort..