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Want to sell, will wait for fair price (by Kathy K.):

jimy21 wrote:

derybj wrote:

mike1536 wrote:

derybj wrote:

kathyk117 wrote:

We own a studio At Marriott Mountain Valley Lodge, Breckinridge, CO--a floating week in high winter season. Want to sell b/c we prefer VRBO rentals. Hate the dues increases as well. We reserved a week that Redweek offered 1015 points today and I am not sure what to do to make it easier to sell as well as cover our $798 in annual dues we paid last month. Will it make it a lot easier to sell to "give away" the 2008 7-night stay starting Nov 29th or could we just advertise it for sale on Redweek at $1000? Our long term goal is to sell, but NOT a fire sale. We have listed it w/Marriott for re-sale since late-Oct 2007 and they have ROFR from what the re-sale person told me. She said they sell, but it takes about a year and said we may get as much as $8-9000. I am skeptical, but that is what the timeshare gig has taught me to be. Best advice to get it sold to the highest bidder?

Dear Kathy:

Your stuck with the timeshare.....I tried unsucessfully for 5 years to sell our timeshare. We had red week in Newport RI with a 2 bedroom timeshare. We finally ended up getting rid of it last year by giving it away to Savvy Traveler. We had to pay our next year's maintenance dues and some other associated costs (deed transfer etc.). It stopped our bleeding each year with the high dues.

We went the route of trying to have timeshare places that send you advertisements to sell your timeshare, and then we went to a presentation of "We collect timeshares" and they wante $4,000.00 to take our timeshare back.............and finally I talked to Resort Closings.com and spoke to them about getting rid of our timeshare and they had me contact Savvy Traveler. They were up front and they told me the truth about trying to get rid of timeshare.

No one wants them anymore. It is too hard to exchange, you never get your dates that you want and the dues each year are climbing and if your unlucky enough like we were you have to pay special assessments in addition to your dues each year.

Those dues are yours, your kids, your grandkids, your great grandkids and on and on.

If your not using your timeshare...I suggest getting rid of it now!

Sorry to be so negative, but no one ever tells the truth about timeshares.

Barbara

=============== Just curious. What TS did you own in Newport? Did you have a summer Red week (late June through Labor Day)? Newport in the summer is usually a fairly high demand week and thus the exchange value (or rental value) should have been pretty good.

We had Newport on Shore.......week started Memorial Day weekend. Not during high summer.

B

I've seen some really creative ideas for getting rid of unwanted ts. I cannot take any credit for having them or attest to them working. search the forums there are alot of good ones. The one that stands out to me is rent w/ option to buy. Tell them to tour and then they will hear the inflated developer price. Apply a portion of rent to purchase. Let the developer sell it for you. Obviously they would be happy tp pay if they like the resort and at all were sold on the idea by the "professionals" but were getting a substantial discount. They would think they were getting a deal. In some respects they would be. I believe this makes alot of sense to me because I believe we lose a lot of our value resale because we don't have a magical sales team that will make the sale by any means necassary. We don't get to offer people freebies for checking out our ebay listing and we don't have millions to inflate our product in the buyers eyes to look like something they HAVE to have. Not my idea but one I read here on redweek. I could see it working. Again I can't take credit and that is one of many creative things I read on here. jim