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Original Message:

which location to sell/rent (by Mike N.):

jayjay wrote:
cassandrag12 wrote:
We own a timeshare at Orange Lake Resort in Orlando, Florida and Westgate Myrtle Beach Ocean Front. Do you think we would have a problem selling or should we rent?

Depends on many factors including the time designation that you own (spring, summer, fall, winter which controls supply and demand), however don't expect to get anywhere near on the resale market what you paid the developer (if you bought developer). Typically resales bring about 1/4 of what was paid the developer if your week is marketable at all.

There are so many resales at Orange Lake that you'll have to price your timeshare very competitively.

Concerning renting, I would check all the rental sites to see how much people are getting for rentals at OLCC and Myrtle Beach during your time designation.

Here on Redweek, if a week has been rented it will show RENTED on the ad.

============ Keep in mind that although RedWeek indicates RENTED, it doesn't indicate the actual rental price. If you have a popular week and do not charge an exorbitant amount, you have a good chance of renting the unit. I always try to be on the low end of the scale. Make enough to cover my annual fees plus a small profit. Don't limit you rental ads to RedWeek. I've gotten good responses from vacationtimesharerentals.com. Also check out the Want Ads as well.

Cassandra, I noticed you posted a RedWish ad looking to rent or sell your units. The RedWish section is for people to post a request to Rent or Buy a timeshare. Did you advertise your sale or rent in the Timeshares for Rent & Sale section?