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Re: Have you sold your timeshare on RedWeek? (by Phil L.):

hennyp wrote:

Resorts with their own resale or rental programs certainly have a big advantage and can bring a better price than an individual can by advertising. With their commission though, things generally come out about the same or a little less for the owners. One thing about renting thru a resort that always concerned me is that the resort will certainly rent whatever units it has on hand itself before renting those thru a rental program and the same may apply for resales. In my experience things have been more successful without using a resort program.

I'm not sure what you mean by renting their own supply first! The resort is sold out and has been for years so all the units come from owners or something that had been returned to them.

If there is a resales dept then the resort is sold out and only supply comes from owners or people losing their units! Our resort saves couple units for bonus time or if something goes wrong in a unit they have back up!

Now remember I said a very good resort and very good resales dept and that does not include every resort that has resales!

At our resort the rental works by date release to rent! If you sign your unit to them on March first and I give same building and dates on April first yours gets rented first. This is fair.

Also when you start dealing with owners or upfront companies they ask for way to much money.

We watched Redweek and Tug and other sites for two years now and what we wanted these owners were asking for $20,000 down to $9995.00. "This is crap" where are these people getting their information on pricing.

There was one lady last year posting her prime Tower for about $21000 and I e-mailed her asking if price was right and she replied of coarse because the Tower was so great! I told her we owned the Tower before they finished building it and could walk in and buy 2 1/2 Tower units for that price from resales dept without owner discounts.

I responded to a ad on Tug earlier this year and really liked the price. The owner after two weeks and four e-mails never got back to me so I e-mailed ADMIN for Tug! They looked into it to see what was going on and see if this was scammer or something!

Bottom line I later found out was the owner read my e-mail about being a owner at the resort now and also did own the Tower years ago and didn't care for the fact I would understand the resort and buildings.

Turns out he was totally lying about the Tower and new I would catch him in his lies and turn them in to Tug!

Their price was very good but it wasn't the prime season Tower two bedroom lock-off but fall season unit in another building they were trying to dump and at three times its worth!

After Tug talking to them the ad was off few days and then re-enter about the same way as before!

My point on resales dept vs selling yourself is yes you might get lucky and find buyer and make more money! Bottom line most sellers two years later are on these sites asking why they can not sell! With your resales dept they get the job done and yes they take 35% which they deserve for getting it sold. They also sell for more than you would get so in most cases you will still make more money. The escrow part I would think you would not be charged because the buyer pays it in most cases. You also don't have to worry about being scammed,its just worth a little less money to do this trouble free.IMHO

There are people out there that know what their doing and can sell but most of us timeshare people may know many things but selling timeshare probably not one of them! If your one of the ones that can sell and follow through then great! Go for it and enjoy your few hundred dollars more you might make.