using redweek to sell your timeshare!

is there anyone out there that has used this and sold their timeshare?

ellensue wrote:

is there anyone out there that has used this and sold their timeshare?

There are MANY people who have sold timeshare(s) via RedWeek advertising --- and yes, I am one of them. In my opinion, the two best sites on which to advertise a timeshare for sale (or for rent, for that matter) are MyRersortNetwork.com and RedWeek.com. In both instances, you have to pay for the advertising. In both instances, the advertising is also very effective.

Regardless of the particular site(s) on which you choose to advertise, remember that the timeshare has to be a week and/or a location which someone actually wants. The pricing must also be realistic and competitive with other comparable weeks offered for sale at the same facility. If yours is the highest priced among many comparable others, don't hold your breath waiting for inquiries and offers...

ellensue wrote:

is there anyone out there that has used this and sold their timeshare?

In todays market, no body is realy been able to sell there units. I would strongly sugest looking at what prices people are getting on ebay to see what their units are worth.

I did have sucess though through selling my unit to some one on EBAY. I had to pay him $300.00 for him to take it. How ever I did not need to pay of the back MF that where due.

whom might that be?

johnd1052 states: >> In todays' market, nobody has really been able to sell their units.<< ==================================================

With due respect, I beg to differ. I have personally sold (i.e., closed on) TWO separate timeshare weeks (on my own, with my own ads) at two separate, unrelated resorts within just the past 60 days. I also sold a third week at a third resort (again, entirely on my own) about 6 weeks before that (I've been paring down my timeshare inventory in 2008, an exercise now successfully completed). I'm not claiming that I made money (all were resale priced purchases to begin with), but I figure that I certainly "broke even". Considering the use and enjoyment I derived from those weeks over the years of my ownership, enjoyment which certainly has an intrinsic value all its own, I feel that I more than "broke even"...

I stand by my previous input that "marketability" depends solely upon what is being sold. Weeks that are genuinely in demand will rarely (if ever) be seen among "giveaway price" eBay listings (I've never actually bought OR sold ANY timeshares on eBay, myself). Most (...not all, but certainly most) listings on eBay are low demand, low value "albatross" weeks. In my opinion, eBay is really only a credible and realistic measure of the lowest prices currently being commanded for the lowest value weeks --- no more and no less (although that is admittedly good information to know for any prospective seller). The "better" weeks rarely use (or ever really need) eBay as a selling vehicle....

ken1193 wrote:

johnd1052 states: >> In todays' market, nobody has really been able to sell their units.<< ==================================================

With due respect, I beg to differ. I have personally sold (i.e., closed on) TWO separate timeshare weeks (on my own, with my own ads) at two separate, unrelated resorts within just the past 60 days. I also sold a third week at a third resort (again, entirely on my own) about 6 weeks before that (I've been paring down my timeshare inventory in 2008, an exercise now successfully completed). I'm not claiming that I made money (all were resale priced purchases to begin with), but I figure that I certainly "broke even". Considering the use and enjoyment I derived from those weeks over the years of my ownership, enjoyment which certainly has an intrinsic value all its own, I feel that I more than "broke even"...

I stand by my previous input that "marketability" depends solely upon what is being sold. Weeks that are genuinely in demand will rarely (if ever) be seen among "giveaway price" eBay listings (I've never actually bought OR sold ANY timeshares on eBay, myself). Most (...not all, but certainly most) listings on eBay are low demand, low value "albatross" weeks. In my opinion, eBay is really only a credible and realistic measure of the lowest prices currently being commanded for the lowest value weeks --- no more and no less (although that is admittedly good information to know for any prospective seller). The "better" weeks rarely use (or ever really need) eBay as a selling vehicle....

Thats good that you were able to sell yours, most people I have spoken with are sort of stuck and have not been able to sell them, including myself, though I did not use redweek as it does not allow potencial buyers to contact the sellers if they are not paying members.

It was my personal feeling that if I paid to be a member and paid to list my unit, I would want as many replies as possible. I was afraid not many would pay to become a member and contact me, so I chose other avenues with no luck. I paid hundreds to advertise and list my unit at Silver Seas week 26 wth no takers.

I know not a good resort, but there are alot of others with units in not to favorable areas or units that are not in prime season.

How or where does one go to get rid of a unit at one of these places or in an off season.

so then how did u sell your timeshare and where did u advertise ours is a week 41 oct week on hollywood beach great time of year slow and relaxing and really im not sure to sell or not as donald trump has put 3 up on sunrise beach a few blocks down and he is also putting one up on hollywood beach due for 2009 and people are talking that he may buy out ours its on the beach but i dont know if it is just talk or what and could take a few years to do so. If we only knew huh? But like i said we have a house down there and dont need the timesahre anymore. We have like u always enjoyed it went this year just got back.

ellensue wrote:

so then how did u sell your timeshare and where did u advertise .

Personally, I used RedWeek, MyResortNetwork.com and Bidshares to advertise. I sold one week each via ads on each one of these three sites. Bidshares is even free, although still my least favorite of the three.

You have expressed reluctance to pay a minimal RedWeek membership fee (under $15 for a year) and/or pay a RedWeek advertising fee. That's your choice and your preogative, but that thinking seems to me to be "penny wise and pound foolish", particularly when you also state you have paid "hundreds" on other (obviously unproductive and ineffective) advertising. I'll also point out that since only RedWeek members can respond to RedWeek ads in the first place, this means that you'll hear from a whole lot fewer spammers and scammers (and there are certainly lots of them out there). You will instead generally only hear from serious, interested, potential buyers --- spammers and scammers generally don't choose to pay to join much of anything. I don't work for RedWeek; you are free to pay and advertise wherever you see fit. I'm merely relating to you what has worked for me.

I don't know any of the resorts identified in the above posts. I only know that in order to be successfully sold in any market, particularly in tough times like these, weeks cannot be undesirable "albatross" weeks and the pricing must be competitive. In fact, the pricing must be among the very lowest prices available anywhere for any similar or identical week advertised for sale at the same resort. Otherwise, the lowest priced weeks will ultimately get sold while unrealistically overpriced weeks will just continue to sit and languish without generating any interest or inquiries. Anyway, good luck.

ellensue wrote:

so then how did u sell your timeshare and where did u advertise ours is a week 41 oct week on hollywood beach great time of year slow and relaxing and really im not sure to sell or not as donald trump has put 3 up on sunrise beach a few blocks down and he is also putting one up on hollywood beach due for 2009 and people are talking that he may buy out ours its on the beach but i dont know if it is just talk or what and could take a few years to do so. If we only knew huh? But like i said we have a house down there and dont need the timesahre anymore. We have like u always enjoyed it went this year just got back.

I sold my unit for $1.00, though paid $300.00 for the closing. Not bad realy considering that I had no use for the unit and owed 2007 and 2008 MF. He took teh property as is and assumed both years passed due MF.

I would not use his methods if you could get something for your unit, however if you can not sell your unit, it could be cheaper to just pay the $300 vs all the listing fees and MFs that you will need to pay.

Ok will put on those also i have paid the fee for redweek but it really does no good if people cant get in to see whats forsale and and dont want to pay a fee. I wouldnt just to look.

johnd1052 states: >> I sold my unit for $1.00, though paid $300.00 for the closing. Not bad realy considering that I had no use for the unit and owed 2007 and 2008 MF. He took the property as is and assumed both years passed due MF.<< I would not use his methods if you could get something for your unit, however if you can not sell your unit, it could be cheaper to just pay the $300 vs all the listing fees and MFs that you will need to pay.<< =================================================

John, I hope that you have seen my extensive input to you regarding this particular "transaction", which I posted in great detail over in the General Discussion forum. You may not be as "done" with this matter as you currently (and possibly quite incorrectly) seem to believe...

johnd1052 wrote:

I sold my unit for $1.00, though paid $300.00 for the closing. Not bad realy considering that I had no use for the unit and owed 2007 and 2008 MF. He took teh property as is and assumed both years passed due MF.

I would not use his methods if you could get something for your unit, however if you can not sell your unit, it could be cheaper to just pay the $300 vs all the listing fees and MFs that you will need to pay.

You'd better make sure the timeshare is out of your name with the resort and the county where it's located. What this guy is doing isn't legal.

We posted our timeshare on October 25th and received an offer on October 31st - which we accepted. We are so thankful that we came across this website and decided to use it to post our unit. We will also use this site to use for future rentals for our vacations.

mindyz4 wrote:

We posted our timeshare on October 25th and received an offer on October 31st - which we accepted. We are so thankful that we came across this website and decided to use it to post our unit. We will also use this site to use for future rentals for our vacations.

Mindy, how much did you have to mark it down to sell so quickly? Rich

who did you use for escrow. who has the best price out there

When you've rented your timeshare (assuming you have), did you use First American Title Insurance as the escrow agent? Is there no such thing as integrity and honesty any more? I need some help with renting. RCI is our exchange company and we have 3 weeks to rent. I am trying to price it right ($595), but $164 is going for the exchange fee, $59 to change from our names to new renter, and $50 (half of $100) to First American. That leave us with a "whopping" $322 profit! This was for a 2 BR 2 bath at Sheraton Vistana Resort in Orlando. We reserved Jan. 18 - 25. No one wanted it and we lost our $164. Now we are inundated with emails asking for other weeks (around Easter, which of course are all gone...) How do I prevent us from losing another $164? RCI will only hold for 24 hours and that is not enough time for renters to get their money to us. We don't want to "trust" anyone and lose another $164. We can't travel this year because I have been unemployed for over a year. We cannot afford to lose any more deposit money. PLEASE HELP! Thanks.

annettem92 wrote:

RCI is our exchange company and we have 3 weeks to rent.

A word of CAUTION. It is against RCI policy to rent out weeks obtained in an exchange. If RCI discovers that an exchange has been rented, the week can be cancelled at the resort AND the TS owner may lose his/her membership.

One of the cautions given to potential renters is to verify with the resort that the person actually owns the unit and is not renting an exchagne. They are also cautioned to avoid renting from someone who says they have to get a guest certificate. If you advertise on the open market, issues could arise.

I would suggest asking friends, family, and past co-workers if they are looking for an inexpensive vacation. This way they can cover the exchange and guest fees AND slip you a little something extra.

In any case, you may not have had any interest since the 2nd/3rd weeks of January in Florida are not a high demand week. Coupled with the fact that Orlando is oversaturated with TS and 2 BR units were probably offered for less than $500 via RCI "Last Call Vacations"

For various reasons, I'm not a fan of an escrow company, but if a renter wanted to use one, then my rate would be increased by the amount of the fee.

I'm starting to look into selling our timeshare at Peregrine Townhomes near Houston, TX. I looked at the Redweek listings to get an idea of what others were trying to sell for, and I found a listing for Unit #34, Week 45 for $3000.

That's great, except that according to the paperwork from International Condominium Wholesalers, that's _our_ unit and week. We only bought for the RCI points, but this concerns me greatly. Any thoughts?

Try not to duplicate your posts. According to Redweek staff, they do not have the ability to merge threads.

I thought you had to legally transfer ownership and need an attorney or at least a realtor to help with the transactions. If so, how do you obtain these folks when you advertise through Redweek?