Original Message:
Re: Omega Marketing Solutions any one had dealings with them? (by Carl B.):
When a developer sells a $150,000 condo for $10,000 per week it does not make the condo worth $500,000. The buyer should have paid $3,000 per week. So you have a fair chance of selling it for maybe 50% of what you paid for it if the developer is still selling which creates a steady stream of interested people that passed on the developers price. When the proverty is sold out then $3,000 is more realistic. After it is run down a bit and when the owners association board does not keep fees low (lets the management company pocket too much money!) it can be viewed as worthless. Many factors contribute to a properties' secondary market value including the price of gas and airline tickets and if a resort area is in fashion. Multiple resort ownership systems like Worldmark have a much better resale record than most. One of the reasons developers still get sales is financing. Only a fool would pay cash to a developer when you could buy at 50-90% off on an all cash deal. And only a fool would go into debt to finance vacations.
If markb29 wishes to become the legitimate reseller he should give me a very big pile of money and I'll buy him timeshares at $500 and $1,000 per week. When he offers them for low prices to the world he will discover why these slimeballs can operate. There are far more sellers than buyers for most properties.