Original Message:
Re: Have the Timeshare Resorts forgoten about the resale market (by R P.):
bobd157 wrote:Im pissed, from what I have read. When you buy a timeshare you would think that they would let you know what the resale market is like. Maybe a oh by the way your timeshare is worthless after you buy it. I understand what redweek is trying to do, but is there any real way to recoup the thousands people spend on timeshare. I sure the resorts could make money off the resale market. If someone is willing to pay 30,000 on a timeshare why would that same person or another not pay the same amount on the resale market the product is the same. I wonder if someway could be developed to sell timeshares on the resale market the same way they do retail! Any Ideas on how to sell timeshare the same way the resorts do?
It's a sad situation but developer timeshare salespeople are not in the business to inform prospective buyers about resales. If they did, they would be out of a job. You also have to remember that when you buy a developer timeshare you're paying the overhead that the developer has accumulated (sales people, hawkers, presentations, food, closings, attorneys, accountant, construction costs etc.). The developers are in business to make a profit.
It's up to the wise consumer to research before buying any big ticket item such as a timeshare. They would then learn about resales. The first timeshare we bought was from the developer. We didn't find out about resales until our rescission period had passed, but I don't blame the developer salesperson as he didn't twist our arm to sign on the dotted line.
I've always had the thought that "without developer bought timeshares, there would be no resales" and chalked our developer bought timeshare as a lesson learned.
Believe it or not there are some people that have bought from the developer more than once due to incentives that some developers offer.