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Re: Where to get a great deal? (by James D.):

greg208 wrote:

"I have seen some go for as low as $1000. I would say the average asking price for a one bedroom unit is $7000, and they sit and sit and sit."

The reason these units sit and sit is because the sellers have usually paid an upfront fee to a timeshare resale company, on the promise that they would make money or at least break even on what they paid to the developer. The owners that have listed at these inflated prices are only interested in selling if they can "get their money back" from what they origianlly paid. If you check the many web sites that offer timeshare for sale, you will soon realize that there are 100's and sometimes 1000's of listings for most timeshare developments.

There are generally 3 or 4 resale companies (including redweek.com) that list reasonable prices. You should still make an offer to negotiate the price as it truely is a "buyer's" market for timeshare resales.

eBay is a good source of resale "what they actually sold for information" you can add listings to your "watch list" and they will remain there after the auction completes which will show you the winning bid price. It sad that many "For Sale By Owner" listings on eBay are often way above to market price on the reale market for the units listed, a vane attempt to recoup lost money.