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Re: Disappointed with redweek results! (by Thomas P.):

john1671 wrote:

Hi,

The timeshare resale market "crashes" each October and doesn't recover until February. Why? Because everyone who wants to sell decides so in October when they think about the next years fees and don't want to pay them. By February, those units have largely gone away. The big sellers who maintain inventory don't want to pay either so "dump" what they can.

Historically, the best time to sell is March - July (price-wise).

This years drop was by far the worst of the last 5 years. 4-5 star weeks were going for $100 on Ebay.

Good luck!

John

jayjay wrote:

Ditto everything Greg said below.

It's not Redweek's fault that your timeshare is not gaining any interest. The market (buyer) sets the price of any given timeshare week as to how much they are willing to pay.

If you bought from the developer you can expect only 1/4 to 1/3 or less on the resale market depending if your timeshare is desirable at all (re: supply and demand, season, popularity of the resort etc.)

You say you are competetive in your pricing. Competetive to what? If you are competitive to other units at your resort in the same season for sale, then more than likely other sellers are asking far too much for their weeks also. People look for bargains and/or a fair price for timeshare resales no matter what you may have paid.

As Greg said below, there are millions of timeshares available in the resale market (actually there's a tremendous glut). If yours is not getting any interest then you may have to consider taking a huge loss over what you paid.

greg208 wrote:

I know of several people who have successfully bought, sold and rented off this website. It all depends on having a desireable product in a desireable location at a desireable time, and most importantly at a competitive price. There are so many bargains available on the resale market for timeshares right now, that you must be willing to accept a price at or below other sellers with a similiar product.Greg

I did not buy from a developer and I bought way below value and I'm only looking to break even. My timeshare is among the least expensive within the listings for my resort and is a very desirable week. But how are first time buyers going to find it if they need to become a redweek member to purchase. They don't need to spend money to buy a timeshare with the other site I listed with 2 weeks ago. And by the way, I have had 3 reponses to that listing within those 2 weeks and it looks like I may have a sale this week. Anyone that would like to know who I listed it with should contact me. And JAYJAY, please don't respond!