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Want to sell, will wait for fair price (by Phil L.):

jimy21 wrote:

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

Jim not to pat myself on the back but I posted this plan years ago on other sites and have posted it on Redweek and Tugg and also on Trip Advisor few times!

We won a trip to Pv Mexico from the Oakland A's in 1970 and as most young married couples fell in love with the resort.

Back then you didn't have resale offices at resorts or computer on--line forums to learn and get help.

After owning it for few years and only going one time with friends we traded through Rci and never had a decent trade from them and had last two years of vacation totally messed up because of them.

We went the upfront company and paid about $400 back in 1974 and lost our money. I just decided to use the resort sales to sell our timeshare and ran ad in paper that would rent our three bedroom timeshare in PV MEXICO and if the family wanted they could buy it from us for $4500 minus the $1200 rental fee if this was done within two weeks of vacation. I recommended they go on the tour and take all the free crap they give away and decided what to do.

The fourth day they called and said they were buying our unit. It was third fixed week in Oct and right at the end of rain season so it wasn't hot and it was beautiful.

They found they could buy the unit they were in and bring up to 13 people each year for about $3300 and closing fee's or spend $9500 at the resort plus closing fee's.

Couple years ago a friend of ours started asking me about timeshares and how to sell and I told what we did and even help him write up his ad. He sold the first year he tried this.

The good part of this is you get your unit rented if you were not using it that year.

The bad side is you can only do this once a year so you need to be careful about the renter if possible. Also don't go stupid and over price your selling price because remember one of the biggest hooks is(RESORT WILL FINANCE) so they can buy with little down and make payments and this is how most young couples get hooked!

If they buy from you they need cash from somewhere.

As far as Kathy's problem and its a good one is her place is sold if she has a buyer. I have never dealt in ROFR but understand if the resort pulls this they have to buy your unit at that price.

Kathy seems to be over thinking this idea a little. First she needs to set the price she wants and then who cares if buyer or Marriott buys it as long as someone buys it. All Kathy wants to do is sell and if she is working a renter against Marriott she is doing nothing wrong as long as she puts this information on the rental contract and explains to renter what could happen.

Remember the deal is to rent your timeshare for that year and letting renter buy is a bonus for them if it works out.

Jim if this was us dealing I would tell you I will rent my unit to you for $1500 and sell it if you decide within two weeks of trip there. If you buy the price will be $10,000 minus the $1500 rental fee for total of $8500 and you are paying all closing/transfer fee's.

Also this deal can be stopped by Marriott with ROFR and offer will only show your offer is for $10,000.

If this happen to Kathy then she gets $10,000 from Marriott and made $1500 for renting that year.

PHIL