sELLING MY TIMESHARE

eileenp31 [I agree I thought the same as I wanted to rent for Feb 18 - 22 in Key West and was told that I had to pay a fee to post it I want to cancel my membership now - it is a rip off

eileen[/Q] === RedWeek fees are reasonable for the service. You know how your offer to rent is being posted and have in-put on the description and pricing. No, not every ad results in a sale or rental. Sometimes even "Free kittens" don't sell.

How long has it taken anyone to sell their Gold Week on RedWeek.com?

I've seen a wek go in a few days.

A good unit in a good resort and a good fixed or float time period.

BUT the main issue is the money. You want it gone fast....price it right. And no, its not anywhere near the price the developer asked.

A hint.....Fairfield RESALE points move at between 1/2 cent each and 3 cents each.

A Marriott Seaview 2 bed 2 bath in the gold season went for $1000 and is still being sold by Marriott for over $12,000. (Since its a gold week, II does not see all the weeks colors as RED....and if Judi sees this, it was brought out on tug that these units do not have a ROFR clause in the HOA docs (but I'm not so sure)

If you go through a real, honest, licensed realtor, and you want to really sell, brace yourself when they tell you a price range.....that is if you really want to sell. (Ask for the licensed real estate sales person or broker. Someone on the other forums just mentioned to ask for their CREDENTIALS....sounds like The Music Man.

And....the week or points need to be wanted....

Yes the PC Companies want all the weeks...but as you know, they charge you to take the T/S off your hands and then put it on e bay for a buck. Maybe this is why some pricing is so low?

kekouri wrote:

I've seen a wek go in a few days.

A good unit in a good resort and a good fixed or float time period.

BUT the main issue is the money. You want it gone fast....price it right. And no, its not anywhere near the price the developer asked.

A hint.....Fairfield RESALE points move at between 1/2 cent each and 3 cents each.

A Marriott Seaview 2 bed 2 bath in the gold season went for $1000 and is still being sold by Marriott for over $12,000. (Since its a gold week, II does not see all the weeks colors as RED....and if Judi sees this, it was brought out on tug that these units do not have a ROFR clause in the HOA docs (but I'm not so sure)

If you go through a real, honest, licensed realtor, and you want to really sell, brace yourself when they tell you a price range.....that is if you really want to sell. (Ask for the licensed real estate sales person or broker. Someone on the other forums just mentioned to ask for their CREDENTIALS....sounds like The Music Man.

And....the week or points need to be wanted....

Yes the PC Companies want all the weeks...but as you know, they charge you to take the T/S off your hands and then put it on e bay for a buck. Maybe this is why some pricing is so low?

============ "A hint.....Fairfield RESALE points move at between 1/2 cent each and 3 cents each. "

If you actually do own Fairfield points, you might do better to rent them to other Fairfield owner who need more for the year. You should be able to get $5 per thousand or more, which is enough to pay most Maintenance Fees, and you still own your timeshare. There is a catagory for that under "Redwishes." MD

If all timeshare owners can team up to write our political leaders in getting our developers to share their profits with owners, that would truly be a blessing, since we, as the timeshare owners are the captured customers that has to pay these yearly maintenance fees complete with its rising costs and additional assessment fees, knowing fully well, that we are paying so much money to use this week every year, whether you use it or not, you still have to pay. Hotels has improved and constructed resort like hotel units for much lesser price. I have timeshares to sell if anybody is interested.

angelmitc

Angel:

I don't know about the share profits parts to the buyers . The developers are supposed to share with the stockholders, and they seem to forget them, too.

If you know anyone who owns a full time condo, you get get a sense of the maint fees, insurance, and taxes needed. In S Florida, non residents get taxes up to 2% a year on the value of their home. So, a Marriott Beach Place or Ocean Point 2 bed 2 bath one week would be taxed at just over $200 a week.....not counting the maint or oceanfront insurance rates. (On a $500,000 house within blocks of the ocean in Broward, (we checked & ran this winter), the insurance would be just under $10,000 a year. And 2% (approx) of $500,000 is ( I think) $10,000 a year in RE Tax. So....$20,000 before you look at a mortgage.

I don't know how the HOAs will be able to keep the fees down too much in most timeshares in the wind belts....which extend even out of Florida.

A few months ago, many were complaining of the maint fees & taxes of many Florida timeshares. They need to remember the insurance may have had a big impact. So does the maint fees.

Today on TUG, a retired couple want to know how to sell their weeks at a resort, as an assessment of $7000 is being required for 2007. (Thats on top of the maint fees. ...and he said for one red week and two 'off color' weeks. ( Probably in N florida, most in S fl are all red. )

kekouri wrote:

Angel:

I don't know about the share profits parts to the buyers . The developers are supposed to share with the stockholders, and they seem to forget them, too.

If you know anyone who owns a full time condo, you get get a sense of the maint fees, insurance, and taxes needed. In S Florida, non residents get taxes up to 2% a year on the value of their home. So, a Marriott Beach Place or Ocean Point 2 bed 2 bath one week would be taxed at just over $200 a week.....not counting the maint or oceanfront insurance rates. (On a $500,000 house within blocks of the ocean in Broward, (we checked & ran this winter), the insurance would be just under $10,000 a year. And 2% (approx) of $500,000 is ( I think) $10,000 a year in RE Tax. So....$20,000 before you look at a mortgage.

I don't know how the HOAs will be able to keep the fees down too much in most timeshares in the wind belts....which extend even out of Florida.

A few months ago, many were complaining of the maint fees & taxes of many Florida timeshares. They need to remember the insurance may have had a big impact. So does the maint fees.

Today on TUG, a retired couple want to know how to sell their weeks at a resort, as an assessment of $7000 is being required for 2007. (Thats on top of the maint fees. ...and he said for one red week and two 'off color' weeks. ( Probably in N florida, most in S fl are all red. )

Yes, Florida is poplar but overexpensive because of taxes and insurance--neither one of which is really the fault of the resort developers. I recently "rolled" our last Florida Fairfield contract into their new Wisconsin resort where I feel rather more secure. MD

Here's the name of a great broker:

Seth Nock sethnock@hotmail.com

I get nothing out of this. I've used him to BUY. He sells high end properties. Shoot him an email. Tell him Ellen sent you (I will get NOTHING out of it, but I'm a trusted, repeat buyer, so you may get a break). Cheers, Ellen

kekouri wrote:

Today on TUG, a retired couple want to know how to sell their weeks at a resort, as an assessment of $7000 is being required for 2007. (Thats on top of the maint fees. ...and he said for one red week and two 'off color' weeks. ( Probably in N florida, most in S fl are all red. )

Absolutely ridiculous! And we wonder why there's millions of people in the marketplace wanting to sell their timeshare(s).

Rising maintenance fees and special assessments are two of the MAIN reasons we sold all of our timeshares.

jayjay wrote:

kekouri wrote:

Today on TUG, a retired couple want to know how to sell their weeks at a resort, as an assessment of $7000 is being required for 2007. (Thats on top of the maint fees. ...and he said for one red week and two 'off color' weeks. ( Probably in N florida, most in S fl are all red. )

Absolutely ridiculous! And we wonder why there's millions of people in the marketplace wanting to sell their timeshare(s).

Rising maintenance fees and special assessments are two of the MAIN reasons we sold all of our timeshares.

JayJay....

With your knowledge of all the ways one can squeeze value from the T/S, it seems even if you kept a low cost one, you would be able to use it to full advantage. I know some have maint fees that aren't too high.

Of course, its anyones guess what could happen with any place you own....wind storm, earthquake, and such....and no matter how good the HOA attempts to run the place, anything can happen.

Someone was asking about a apartment rental (year around) in the Hollywood, Fl area. I told then to check rentals under realtor.com

Then I looked at beach front units to see pricing. Remember, nothing is selling down there, and the flippers are getting killed.

I figured their max of $1500 a month (better at $1200) would bring nothing very nice, if anything.

Then I noticed an apartment conversion ( high rise) beach front 1 bed 1 bath for $1200. It sells for $370,000. Taxes are 2% of the selling price ($7500) (but the flipper can't sell it). Insurance (includes windstorm) is approx $3000+ a year.

So...that rental just about pays the taxes for the owner. I can't see how they can pay the mortgage....

Maybe you are right...cheaper to rent (now-anyway)

adahiscout wrote:

kekouri wrote:

Angel:

I don't know about the share profits parts to the buyers . The developers are supposed to share with the stockholders, and they seem to forget them, too.

If you know anyone who owns a full time condo, you get get a sense of the maint fees, insurance, and taxes needed. In S Florida, non residents get taxes up to 2% a year on the value of their home. So, a Marriott Beach Place or Ocean Point 2 bed 2 bath one week would be taxed at just over $200 a week.....not counting the maint or oceanfront insurance rates. (On a $500,000 house within blocks of the ocean in Broward, (we checked & ran this winter), the insurance would be just under $10,000 a year. And 2% (approx) of $500,000 is ( I think) $10,000 a year in RE Tax. So....$20,000 before you look at a mortgage.

I don't know how the HOAs will be able to keep the fees down too much in most timeshares in the wind belts....which extend even out of Florida.

A few months ago, many were complaining of the maint fees & taxes of many Florida timeshares. They need to remember the insurance may have had a big impact. So does the maint fees.

Today on TUG, a retired couple want to know how to sell their weeks at a resort, as an assessment of $7000 is being required for 2007. (Thats on top of the maint fees. ...and he said for one red week and two 'off color' weeks. ( Probably in N florida, most in S fl are all red. )

============

Yes, Florida is poplar but overexpensive because of taxes and insurance--neither one of which is really the fault of the resort developers. I recently "rolled" our last Florida Fairfield contract into their new Wisconsin resort where I feel rather more secure. MD

We need somebody who can write a good piece where these developers can buy back these timeshares at least the same amount we bought it, since they, developers have made so many times over, selling or renting our units many times.. We need help of our congressmen to get us out of this rot.

angelmitc wrote:

adahiscout wrote:

kekouri wrote:

Angel:

I don't know about the share profits parts to the buyers . The developers are supposed to share with the stockholders, and they seem to forget them, too.

If you know anyone who owns a full time condo, you get get a sense of the maint fees, insurance, and taxes needed. In S Florida, non residents get taxes up to 2% a year on the value of their home. So, a Marriott Beach Place or Ocean Point 2 bed 2 bath one week would be taxed at just over $200 a week.....not counting the maint or oceanfront insurance rates. (On a $500,000 house within blocks of the ocean in Broward, (we checked & ran this winter), the insurance would be just under $10,000 a year. And 2% (approx) of $500,000 is ( I think) $10,000 a year in RE Tax. So....$20,000 before you look at a mortgage.

I don't know how the HOAs will be able to keep the fees down too much in most timeshares in the wind belts....which extend even out of Florida.

A few months ago, many were complaining of the maint fees & taxes of many Florida timeshares. They need to remember the insurance may have had a big impact. So does the maint fees.

Today on TUG, a retired couple want to know how to sell their weeks at a resort, as an assessment of $7000 is being required for 2007. (Thats on top of the maint fees. ...and he said for one red week and two 'off color' weeks. ( Probably in N florida, most in S fl are all red. )

============

Yes, Florida is poplar but overexpensive because of taxes and insurance--neither one of which is really the fault of the resort developers. I recently "rolled" our last Florida Fairfield contract into their new Wisconsin resort where I feel rather more secure. MD

We need somebody who can write a good piece where these developers can buy back these timeshares at least the same amount we bought it, since they, developers have made so many times over, selling or renting our units many times.. We need help of our congressmen to get us out of this rot.

========== It would be nice if developers had some sort of buy back policy for people who buy from the developer. Some who are "sold out" do offer lists of availble resale units to vacationers. But involve Congress? God help us all!

kekouri wrote:

JayJay.... With your knowledge of all the ways one can squeeze value from the T/S, it seems even if you kept a low cost one, you would be able to use it to full advantage. I know some have maint fees that aren't too high.

We owned a couple of timeshares that had reasonable maintenance fees, however we no longer care to stay anywhere for an entire week.

We saw all the areas of this great country that we had dreamed of (Sedona AZ/Grand Canyon, S. California/San Diego, Las Vegas NV, San Antonio TX, Colo. Rockies, Key West/Florida Everglades and many more) when we owned timeshares. There's really not anyplace else (far off) that we care to see since we have moved to the mountains.

We still take trips but they are of short durations of 2-4 days within driving distance. We'll be going to Charleston in September that we rented from an owner at Redweek. We're still timesharing, but in a different way, by renting and helping those that want to recoup some of their maintenance fees.

We will, from time to time, fly to Florida ($39 one way from where we live) in the future and stay in a timeshare that we have rented (we still like Mickey and Minnie :o) We flew to Orlando last November and stayed in a timeshare, so our timesharing days are not over .... we just don't own any longer.

P.S. We would have loved to have visited Hawaii, but there's no way we could sit on a jet from the east coast to Hawaii. Our total max on an airplane is 3-4 hours and that's even pushing it :o).

You are absolutely correct, that is the same thing I was just writing about. I would like to see what becomes of my interaction with this website. I see that this person Jayjay seems to have a lot of technical knowledge of all the topics and seem to be tellling us not to pay upfront fees. However, he seems to be a part of redweek.com in some way shape or fashion. I thought this website was set up by timeshare owners to rent and resale for no upfront fees. Sadly enough the redweek.com symbol reminds me of rci.com. I think it's time to also investigat redweek.com like we have been advised to do all other companies and websites.

mattlynr wrote:

You are absolutely correct, that is the same thing I was just writing about. I would like to see what becomes of my interaction with this website. I see that this person Jayjay seems to have a lot of technical knowledge of all the topics and seem to be tellling us not to pay upfront fees. However, he seems to be a part of redweek.com in some way shape or fashion. I thought this website was set up by timeshare owners to rent and resale for no upfront fees. Sadly enough the redweek.com symbol reminds me of rci.com. I think it's time to also investigat redweek.com like we have been advised to do all other companies and websites.

======== Pardon? To whom are you replying? Jayjay re the length of air trips? Did you post before on some different RedWeek discussion forum, mattlynr? Some of them have specifically discussed the new RedWeek exchange plans. But you just seem to be generally upset with RedWeek. What is the problem? MD

adahiscout wrote:

mattlynr wrote:

You are absolutely correct, that is the same thing I was just writing about. I would like to see what becomes of my interaction with this website. I see that this person Jayjay seems to have a lot of technical knowledge of all the topics and seem to be tellling us not to pay upfront fees. However, he seems to be a part of redweek.com in some way shape or fashion. I thought this website was set up by timeshare owners to rent and resale for no upfront fees. Sadly enough the redweek.com symbol reminds me of rci.com. I think it's time to also investigat redweek.com like we have been advised to do all other companies and websites.

======== Pardon? To whom are you replying? Jayjay re the length of air trips? Did you post before on some different RedWeek discussion forum, mattlynr? Some of them have specifically discussed the new RedWeek exchange plans. But you just seem to be generally upset with RedWeek. What is the problem? MD

Redweek charges 15 dollars for ADVERTISING fees. That is not an upfront fee. Same as a newspaper. Upfront fees run around 500 - 1000 dollars. and you'll never get it back. 15 bucks is worth the risk - Redweek works if there is the right buyers and you price it correctly. Upfront fee companies just don't work. Period. Read about it on TUG (www.tug2.net) as well. But it's your money, so do what you want with it.

mattlynr wrote:

I see that this person Jayjay seems to have a lot of technical knowledge of all the topics and seem to be tellling us not to pay upfront fees. However, he seems to be a part of redweek.com in some way shape or fashion. I thought this website was set up by timeshare owners to rent and resale for no upfront fees. Sadly enough the redweek.com symbol reminds me of rci.com. I think it's time to also investigat redweek.com like we have been advised to do all other companies and websites.

matt, I'm not in any shape, form or fashion employed by Redweek, nor do I have any technical knowledge of how Redweek works. I am a mere member of Redweek and have been so since their inception several years ago. I have sold several timeshares via Redweek.

I do know that Redweek was started by the same man who started the very successful classmates.com. Redweek is not owned by timeshare members. The owner had the vision to realize the millions of resale timeshares there are in the marketplace and he set up this classified site for the purpose of buying, renting, selling and now exchanging timeshares for a reasonable fee, which is not considered an upfront fee. It's a classified ad and exchanging fee.

There's no way you could dig up any dirt on Redweek. It's a perfectly legal site that doesn't lie to it's clients.

jayjay wrote:

mattlynr wrote:

I see that this person Jayjay seems to have a lot of technical knowledge of all the topics and seem to be tellling us not to pay upfront fees. However, he seems to be a part of redweek.com in some way shape or fashion. I thought this website was set up by timeshare owners to rent and resale for no upfront fees. Sadly enough the redweek.com symbol reminds me of rci.com. I think it's time to also investigat redweek.com like we have been advised to do all other companies and websites.

matt, I'm not in any shape, form or fashion employed by Redweek, nor do I have any technical knowledge of how Redweek works. I am a mere member of Redweek and have been so since their inception several years ago. I have sold several timeshares via Redweek.

I do know that Redweek was started by the same man who started the very successful classmates.com. Redweek is not owned by timeshare members. The owner had the vision to realize the millions of resale timeshares there are in the marketplace and he set up this classified site for the purpose of buying, renting, selling and now exchanging timeshares for a reasonable fee, which is not considered an upfront fee. It's a classified ad and exchanging fee.

There's no way you could dig up any dirt on Redweek. It's a perfectly legal site that doesn't lie to it's clients.

It's quite evident that you're a shill for an UPFRONT FEE RESALE COMPANY that charges in the hundreds of dollars to list a timeshare in your very seldom seen database.

I am not upset with Redweek.com nor am I a shill for upfront fee companies. I am simply sparking up a candid discussion about this site in which I am a new member. YES, I am a new member.