sELLING MY TIMESHARE

1. start by reading this entire thread 2. the market (buyer) sets the price for any given timeshare week and it's a buyers market with the glut of timeshare weeks for sale in the market place 2. keep lowering your price until you start getting some interest 3. week 13 is during spring break, so if you keep lowering your price you could very well sell it

vickyf7 wrote:

Can anyone give me some tips on how to sell my timeshare. It has been posted on redweek since Aug 06. I really want to get rid of it. It's a one bdr studio deluxe with ocean front view. I own wk 13 @ the Casa Del Mar in Ormond Bch, FL. I thought it would have sold by now. What else can I do?

jayjay wrote:

1. start by reading this entire thread 2. the market (buyer) sets the price for any given timeshare week and it's a buyers market with the glut of timeshare weeks for sale in the market place 2. keep lowering your price until you start getting some interest 3. week 13 is during spring break, so if you keep lowering your price you could very well sell it

vickyf7 wrote:

Can anyone give me some tips on how to sell my timeshare. It has been posted on redweek since Aug 06. I really want to get rid of it. It's a one bdr studio deluxe with ocean front view. I own wk 13 @ the Casa Del Mar in Ormond Bch, FL. I thought it would have sold by now. What else can I do?

I do not agree with this or the previous posters advice to keep lowering your price. Sometimes I wonder if these posters are buyers who just want to discourage sellers so they can get a steal of a deal. I checked your listing and your price is already the lowest for your annual timeshare. You have a great spring week, in a good area. If it was just a matter of a lower price yours would be sold by now, your price is very reasonable. Everything is slower this year. My rentals took much longer to get this year compared to previous years, but... I did get them. Typically, I noticed that Sept. to about March are slower sales times. Late winter and early Springtime things pick up. I had a timeshare for sale and got a low ball offer which I refused. A month or two later I got a great buyer for my (very reasonable) original price. Your week hasn't come up this year yet. You may get more interest from someone visiting the resort at that time, love it, and go looking for a resale of that exact week. Let me urge you again, hang in there, get as much free exposure (bidshares.com, craigslist.com, etc) as well as listing it here on redweek.com and wait until the right buyer comes along. You just may be pleasantly surprised!

vickyf7 wrote:

Can anyone give me some tips on how to sell my timeshare. It has been posted on redweek since Aug 06. I really want to get rid of it. It's a one bdr studio deluxe with ocean front view. I own wk 13 @ the Casa Del Mar in Ormond Bch, FL. I thought it would have sold by now. What else can I do?

Vicky, I agree with Marty on your unit! I checked your ad and thought you have already dropped it very low now. Unless you just want to get out from it and money doesn't matter.

The only thing I can see is maybe because its a studio this narrows your buyers.

Like Marty said just hang in there! PHIL

I agree that Vicky's studio is farily priced, however week 13 is right around the corner. If she wants to sell it this year she has to do something different in her marketing.

If it was me, and I had already paid the 2007 maintenance fees, I would hold on to the week 13 by using or renting it and keeping it for sale during the duration of 2007. That way she will have a full year of more exposure to her ad.

BTW, I don't encourage people to drop their prices in order for me to pick up a cheap week. We are not in the market to buy any timeshare weeks whatsoever. My advice for dropping the price is the natural order of marketing if she wants to sell the week NOW.

People looking for a week 13 in Florida would have already searched all the resale sites by now if they wanted to use it this year.

Thanks to all of you for the encouragement. I will hang in there. I just may take the advice of "jayjay" to list it as a rental also. It definitely wouldn't hurt. Especially, since I've already shed out $$$ for the 2007 maintenance fees.

vickyf7 wrote:

Thanks to all of you for the encouragement. I will hang in there. I just may take the advice of "jayjay" to list it as a rental also. It definitely wouldn't hurt. Especially, since I've already shed out $$$ for the 2007 maintenance fees.

VICKY, I have said this before and it might work for you. Rent with right to buy. We sold our PV condo years ago doing this. Rent for what you feel it is worth and set price if renter buys it. This could be full rental price like we did or half of the price.

If your able to edit your ad then list it this way and great things might happen!

Your listing for $1500 so what ever amount the renter pays would come off your selling price. I had the renter call me from Mex the fourth day to start paperwork.

This is good if they really like your unit and then see resort trying to sell to them for thousands of dollars!

Phil, my comment wasn't about/concerning you. No where was your name mentioned.

Vickey asked advice and I gave it, and that advice was if she wanted to sell her week 13 this year (which is right around the corner during spring break ) that she should consider dropping the price. If she wasn't in any hurry then perhaps she could rent or use her week and keep it on the market for the rest of this year at her asking price. She accepted my advice.

As I said in my post earlier, it's the natural order of selling, if you don't get any interest in your week, to drop the price if you are eager to sell. It's the market that sets the price of a week.

You say that many people are looking for a deal ... well that's just part of buying resale. A seller should set the lowest price they will take for their week and reject all others.

I have experience in selling resale timeshares. I've sold 9 weeks that we previously owned, so I think I know what I'm talking about. How many have you sold and what is your experience?

phill12 wrote:

jayjay wrote:

BTW, I don't encourage people to drop their prices in order for me to pick up a cheap week. We are not in the market to buy any timeshare weeks whatsoever. My advice for dropping the price is the natural order of marketing if she wants to sell the week NOW.

Hang in there Vicky. I too am trying to sell my timeshare (2 bedroom, RCI gold crown resort in the Orlando area, floating redweek). I think PHIL12 (oops, originally had "jayjay" but was corrected...it was PHIL12's suggestion) has a point with the rental/option to buy. Originally that's how I bought my timeshare through the developer. I did the tour and paid to come back on a rental. If I decided to buy, they would apply the rental fee to the purchase price. That was 10 years ago and it worked. At another time, during an RCI trade to Hawaii, we stayed at a nice place and said if we were to ever purchase another week, that would be the place. Sort of like a rent with an option to buy. As it turned out, when we did decide to buy another vacation week, we went to the Hawaiian resort and bought resale (no other way because they are sold out). BTW, when you do get a buyer, please have them pay the closing costs. After WEEKS of talking to a potential buyer, we finally agreed on the price and terms. Shortly after he initiated the contact with the timesharetransfer company, he and/or his brother realized it wasn't the week they wanted (silver vs. gold, although I have never had an issue making a reservation or trading and I told him it was week 43). At least now I am not trying to get my money back from the timesharetransfer company. Frustrating....hopefully, you can avoid that situation. In any event, just my two cents.

I corrected my post and PHIL12 now has credit for the idea of rent with option to buy. So sorry.

Like I said, I bought the timeshare 10 years ago, pre-internet (imagine that!) and if you wanted to buy a timeshare you either had to go to one of those 90 minute tours or go to a resale office. I quess I was too frightened to venture into a resale office in the Orlando area thinking I would never get out alive. I did however make it to three 90 minute presentations (that will never happen again). Again, this was PRE-INTERNET. I was simply agreeing (with PHIL12) to use a marketing technique that has worked for timeshare companies for at least a decade and possibly continues to work to sell the units (and also worked for PHIL12). Afterall, the developers are selling at high prices and some of us are having difficulty selling at a fraction of the cost. I really can't understand with the power of the internet why anyone would buy from a developer when you can save thousands on resales. It just doesn't make sense. I'm almost to the point of making REDWEEK business cards and placing them in restaurants, hotels, train stations, dropping a few at the airport, just to get some internet traffic. Hmm....so very frustrating for those of us who want/need to sell. BTW, who's "BETTERHALF"?

Your right about buying before computers! We bought our first from timeshare company when we won a free week from the Oakland A"S Baseball Team years ago.

We went to PV,MEX at Los Tules and loved it. Before we new what happened we bought a three bedroom of coarse at high price.

If I was going to rent a week myself and was thinking of buying another timeshare in that area I might just ask owner if they are thinking of selling. If so maybe a deal could be worked out. With so many people trying to get rid of timeshares you just never know.

This works same way that companies sell their units and that is your family there on vacation and having great time and that is perfect time to sell your family a timeshare!

Hey Betterhalf, thanks for the nice words but its no big deal ! You go for it girl! PHIL

I wish I had known about timeshare resales when we bought at the mayan palace 3 years ago. Does anyone know if the Mayan Grupo charge an additional fee for transfer of papers? I am thinking of buying another week from a friend. And Jayjay ...sorry everyone is giving you a hard time.

BTW, many people bought from the developer before discovering resales .... me being one, so don't be so hard on yourself. Learn how to use your timeshare to your advantage and you can experience some fantastic vacations in very nice accomodations.

yukari1 wrote:

And Jayjay ...sorry everyone is giving you a hard time.

I found this (below) by researching resales, but I don't know if the same transer fee would apply to the week that you want to buy. My advice would be to email the Mayan Palace to see what the transfer fee will be in your case.

My transfer cost is only 1 maintence fee. $480.00 this is a big plus for resale value.have 17 years left until renewal for 25 more years.

yukari1 wrote:

I wish I had known about timeshare resales when we bought at the mayan palace 3 years ago. Does anyone know if the Mayan Grupo charge an additional fee for transfer of papers? I am thinking of buying another week from a friend.

terryb82 wrote:

Has anyone here used Resorts INT'l Marketing to sell their timeshare? i listd my timeshare with them back in July and that was the last time i heard from them. i called 4 or 5 times to talk to the broker that listed my timeshare and every time they tell either he is busy and he would call me back, out sick, on vacation etc.. Any feedback would be appreciated.

I echo the cautions of others on the topic of timeshare sales. DO NOT PAY ANY UPFRONT MONEY!! I believe Resorts Int. also goes by the name Resort to Us which was operating out of Las Vegas. I say "was" because they skipped town ... with my money and alot of others as well. There is a site called RipOff.com (do a google search for exact address) which allows people to report companies who rip off consumers. Resort To Us is listed there with several complaints. It appears they closed up quite some time ago. I am unable to contact anyone at the phone number/address provided. If anyone has any further info. on this, please write. Andrea

I am looking for an honest company to help with the paperwork now that someone is interested in buying our timeshare. Any suggestions?

marieg22 wrote:

I am looking for an honest company to help with the paperwork now that someone is interested in buying our timeshare. Any suggestions?

I suggest Timeshare Transfer, Inc. Their website is www.timesharetransfer.com. Their telephone number is 877 414 9083, their fax number is 877 849 0657. I have no financial interest in the firm. I have had one dealing with them, and consider them a reputable firm. Before I used them, I checked them out with the Better Business Bureau in their area, and found they were a member of BBB, and had no complaints of file against them.

Redweek uses American Title. You can find out more about this closing company by accessing the help section.

I also used www.timesharetransfer.com for closings and was satisfied with their service.

marieg22 wrote:

I am looking for an honest company to help with the paperwork now that someone is interested in buying our timeshare. Any suggestions?

Has anyone rented a timeshare to someone from a foreign country - in this case Norway? How do you handle the money exchange rate, etc.? Any comments or advise would be greatly appreciated. Sharon

yukari1 wrote:

I wish I had known about timeshare resales when we bought at the mayan palace 3 years ago.

About 3 years ago, my wife and I attended a time share presentation at Fairfield Grand Desert (Las Vegas) to which we declined all pitch offers to purchase.

On the way out, the 'final closer' offered us a DISCOVERY PROGRAM, which for something like $1200 gave us enough points (without maintenance fees) to stay at Fairfield for 14 days in a deluxe one-bedroom suite over the next two years. It was great!

We fell in love with the property and just closed this month on a terrific ebay re-sale deal with a Fairfield owner at a fraction of the 14k prices quoted by the developer.

Kudos to you. You did exactly the right thing while saving a lot of money.

archie14 wrote:

yukari1 wrote:

I wish I had known about timeshare resales when we bought at the mayan palace 3 years ago.

About 3 years ago, my wife and I attended a time share presentation at Fairfield Grand Desert (Las Vegas) to which we declined all pitch offers to purchase.

On the way out, the 'final closer' offered us a DISCOVERY PROGRAM, which for something like $1200 gave us enough points (without maintenance fees) to stay at Fairfield for 14 days in a deluxe one-bedroom suite over the next two years. It was great!

We fell in love with the property and just closed this month on a terrific ebay re-sale deal with a Fairfield owner at a fraction of the 14k prices quoted by the developer.