Original Message:
Resale Woes.... Orlando Sentinel Article Dec.17,2007 (by Eric F.):
I thought I would share this with the Redweek community. It is good to see an article about the resale problems along with some advice and warnings about how to sell time-share weeks. The article also points out that some resale values retain their value more than others. Check the Marriott resale values.
Here’s the link to the article: Orlando Sentinel Article from 12/17/07 “Resale Woes”
http://www.orlandosentinel.com/community/news/deland/orl-timeshare1707dec17,0,7213824.story?page=1&coll=orl-careerbuilder-navsrvc
There is some good news though. The article points out that Marriott Vacation Club International offers a resale alternative for MVCI owners that have purchased directly from MVCI:
The article states: “Time-share companies spend large amounts on marketing, and many consider the secondary market a source of competition. But that may be changing. Orlando-based Marriott Vacation Club now offers to buy back some, though not all, units from those who want out.
"We have a relatively low percentage of units that are available for resales -- less than 2 percent," said Marriott Vacation Club spokesman Ed Kinney. "Resales are a byproduct of the industry. People have products that don't fit their needs. We know that."
I seriously doubt the truth of this quote from David Siegel: “David Siegel, president of Westgate Resorts in Orlando, said his company warns prospective buyers that time shares are difficult to resell. And Westgate doesn't offer a formal resale program.”
I hope this information will help someone.
Regards, Eric
edit to correct web url link