Original Message:
Purchasing thru Redweek or other resale companies (by R P.):
richardl272 wrote:I am thinking about joing Redweek.com to list my property at Summer Bay in Orlando.Is it worth it? I was told this is one of the better sites? Have you sold yours yet or had any nibbles.Richard
Redweek is one of the top timeshare listing sites on the internet and has over 1 million members, however you must price your timeshare competively in order to snag the interest of a buyer and that would be no where near what you paid the developer.
Resales typically garner only 1/3 to 1/4 or less on the resale market what was paid the developer if the timeshare can be sold at all. Orlando (and the surounding area) is overbuilt with vacation accomodations in every genre including hotels, motels, condotels, privately owned homes, privately owned condos and well over 100 timeshare resorts, so you have to keep that in mind when you get ready to list your timeshare for sale.
If you think you will get anywhere near what was paid the developer, you will be sorely disappointed when you get no replies or offers from you ad ..... if you ask a fair market price and do sell it, you will take a loss depending on how much you paid in the first place if you bought from a developer.