Post reply

Re: What about Redweek.com (by R P.):

I don't like to double post but here goes:

matt, I'm not in any shape, form or fashion employed by Redweek, nor do I have any technical knowledge of how Redweek works. I am a mere member of Redweek and have been so since their inception several years ago. I have sold several timeshares via Redweek.

I do know that Redweek was started by the same man who started the very successful classmates.com. Redweek is not owned by timeshare members. The owner had the vision to realize the millions of resale timeshares there are in the marketplace and he set up this classified site for the purpose of buying, renting, selling and now exchanging timeshares for a reasonable fee, which is not considered an upfront fee. It's a classified ad and exchanging fee.

There's no way you could dig up any dirt on Redweek. It's a perfectly legal site that doesn't lie to it's clients.

You, as a timeshare owner, are responsible for what you write in your Redweek ad and what you ask for your timeshare. If you bought from the developer you will NOT recoup what you paid as resales typically garner only about 1/3 + - of what you paid the developer (that is IF you can sell it at all). The market (buyer) and supply and demand sets the price for any resale timeshare. There are hundreds of resales on Ebay for $1 with no bids ... some timeshares can't even be given away.

Thousands of people are getting timeshare educated due to forums like these and they are realizing that once they buy a timeshare they are then responsible for yearly maintenance fees and possible special assessments until they sell the timeshare or die, and even then their timeshare is transferred to the heirs of their estate who are then responaible for those yearly maintenance fees and possible special assessments.

The main hindrances to any timeshare ownership are rising yearly maintenance fees and possible special assessments.