Have you sold your timeshare on RedWeek?

I am thinking about upgrading my membership here but am curious as to whether or not it will sell here.

I have an ad on http://www.tug2.net/ and the only bites I got there were scams.

Where is the best place to advertise your timeshare for sale or is there a legit real estate agency that would sell if for me?

TIA,

Sarah

I have sold several timeshares weeks here at Redweek.

The good thing about Redweek is that they can catch anyone that may be trying to scam people here. They have the email addresses of everyone registered on this site and if someone is trying to scam their members they have their contact information. They also have all emails from members to other members to help in their investigation. That's why it's good to be a registered member.

If you think you are being scammed all you have to do is contact Redweek and they will investigate. I can almost assure you that your ad will be safe and secure here minus any scammers.

However, there are UPFRONT FEE RESALE COMPANIES that belong to Redweek in order to lift prospective client information. If an upfront fee resale broker emails you concerning the sell of your timeshare just ignore that email. They take your money and do nothing to sell your timeshare.

I don't know if there is any way that Redweek can control this problem by the resale companies.

We had an ad placed since January 2007 and no serious purchasers contacted us. We priced the week well below others listed here. Also, no luck on Timeshare User's group website. We're taking the hit and turning it over to the resort to sell on our behalf. It is too bad. I'm not sure why it didn't sell here. Maybe it was not a location that was of interest (Cape Cod) or the time of year, which was a High Red week. Good luck to you.

Cape Cod high red season( that should be summer) should sell fairly easily and should be a good trader. Maybe it was the price or the resort or perhaps even too high an annual fee.

hennyp wrote:

Cape Cod high red season( that should be summer) should sell fairly easily and should be a good trader. Maybe it was the price or the resort or perhaps even too high an annual fee.

judithp23 wrote:

We had an ad placed since January 2007 and no serious purchasers contacted us. We priced the week well below others listed here. Also, no luck on Timeshare User's group website. We're taking the hit and turning it over to the resort to sell on our behalf. It is too bad. I'm not sure why it didn't sell here. Maybe it was not a location that was of interest (Cape Cod) or the time of year, which was a High Red week. Good luck to you.

We tried renting this years unit without one person showing interest even though we priced $185 per night less than our resort and our building was sold out! Had another owner also go through this and gave it to our resort and it was rented in two days!

If your resort has resales dept and you want to sell then don't waste your money and time on these sites!

We bought our first unit through resort resales dept few years ago when I retired and knew them very well! We were owners at our resort years ago and left timesharing for about 10 years!

We pulled our unit from Redweek after wasting time and money and used the Memorial week ourselves!

While there we bought the Tower building we owned years ago to go with our Naegle unit. They already set us up to use main unit in Aug 2008 and rent lock-off during ski season!

If you have a good Resales Dept then use them, yes you might get less but something will get done! Also you won't be dealing with low-life scammers either. We bought our second unit on May 28th and when we returned from second part of our vacation to Colorado Springs we already had escrow closed and I have all the paperwork dated June 8,2008 and everything is finished! Why would you think doing it yourself would be better!

Our Resale Dept has good price but being a owner gets us even a better price.

When we decide to sell I will make one call to them and that is it! Of coarse if a owner was to buy they get a discount and we get less!

I'm not trying to be rude but people that own in a good resort that has Resale Dept and don't use them it has to be for only two reasons and one I won't state on here and the other is greed!

"I'm not trying to be rude but people that own in a good resort that has Resale Dept and don't use them it has to be for only two reasons and one I won't state on here and the other is greed!"

Your comment here is interesting. What makes a Resales Dept. "good"? In selling my unit myself, I was trying to recover some of the money I paid, but I certainly went into the process understanding that I would never make money on the sale. Our resale dept. is taking 35%, plus closing costs and credit card fees.

No, but I have purchased one timeshare off of Redweek.

Resorts with their own resale or rental programs certainly have a big advantage and can bring a better price than an individual can by advertising. With their commission though, things generally come out about the same or a little less for the owners. One thing about renting thru a resort that always concerned me is that the resort will certainly rent whatever units it has on hand itself before renting those thru a rental program and the same may apply for resales. In my experience things have been more successful without using a resort program.

hennyp wrote:

Resorts with their own resale or rental programs certainly have a big advantage and can bring a better price than an individual can by advertising. With their commission though, things generally come out about the same or a little less for the owners. One thing about renting thru a resort that always concerned me is that the resort will certainly rent whatever units it has on hand itself before renting those thru a rental program and the same may apply for resales. In my experience things have been more successful without using a resort program.

I'm not sure what you mean by renting their own supply first! The resort is sold out and has been for years so all the units come from owners or something that had been returned to them.

If there is a resales dept then the resort is sold out and only supply comes from owners or people losing their units! Our resort saves couple units for bonus time or if something goes wrong in a unit they have back up!

Now remember I said a very good resort and very good resales dept and that does not include every resort that has resales!

At our resort the rental works by date release to rent! If you sign your unit to them on March first and I give same building and dates on April first yours gets rented first. This is fair.

Also when you start dealing with owners or upfront companies they ask for way to much money.

We watched Redweek and Tug and other sites for two years now and what we wanted these owners were asking for $20,000 down to $9995.00. "This is crap" where are these people getting their information on pricing.

There was one lady last year posting her prime Tower for about $21000 and I e-mailed her asking if price was right and she replied of coarse because the Tower was so great! I told her we owned the Tower before they finished building it and could walk in and buy 2 1/2 Tower units for that price from resales dept without owner discounts.

I responded to a ad on Tug earlier this year and really liked the price. The owner after two weeks and four e-mails never got back to me so I e-mailed ADMIN for Tug! They looked into it to see what was going on and see if this was scammer or something!

Bottom line I later found out was the owner read my e-mail about being a owner at the resort now and also did own the Tower years ago and didn't care for the fact I would understand the resort and buildings.

Turns out he was totally lying about the Tower and new I would catch him in his lies and turn them in to Tug!

Their price was very good but it wasn't the prime season Tower two bedroom lock-off but fall season unit in another building they were trying to dump and at three times its worth!

After Tug talking to them the ad was off few days and then re-enter about the same way as before!

My point on resales dept vs selling yourself is yes you might get lucky and find buyer and make more money! Bottom line most sellers two years later are on these sites asking why they can not sell! With your resales dept they get the job done and yes they take 35% which they deserve for getting it sold. They also sell for more than you would get so in most cases you will still make more money. The escrow part I would think you would not be charged because the buyer pays it in most cases. You also don't have to worry about being scammed,its just worth a little less money to do this trouble free.IMHO

There are people out there that know what their doing and can sell but most of us timeshare people may know many things but selling timeshare probably not one of them! If your one of the ones that can sell and follow through then great! Go for it and enjoy your few hundred dollars more you might make.

But, not all resorts have a resale department and if they do many list their resales far too high.

We were looking for a resale (resale office) at a resort where we wanted to buy. The price was far more than we were willing to pay, so I got on the internet and perused all the listing and timeshare sale sites and found a unit/week at the resort for peanuts compared to the in-house resale price (and it was a holiday week at that).

If you do your homework diligently (research) you can usually find what you're looking for at a reasonable price.

jayjay wrote:

But, not all resorts have a resale department and if they do many list their resales far too high.

We were looking for a resale (resale office) at a resort where we wanted to buy. The price was far more than we were willing to pay, so I got on the internet and perused all the listing and timeshare sale sites and found a unit/week at the resort for peanuts compared to the in-house resale price (and it was a holiday week at that).

If you do your homework diligently (research) you can usually find what you're looking for at a reasonable price.

Jayjay you are right! Like I said we watched the unit we wanted to add for two years and we got better deal than anything offered!

Yes you can find these great deals on line sometimes and hopefully save some money and not get screwed by some low-life.

If all this comes down then you made great deal and bought what you think you bought!

I completed our deal in two weeks and not even involved. We were in Colo having great vacation and everything finished in two weeks!

Jayjay if everything was as easy as you make it sound we wouldn't be on these sites. There would be nothing to talk about!

jayjay wrote:

I have sold several timeshares weeks here at Redweek.

The good thing about Redweek is that they can catch anyone that may be trying to scam people here. They have the email addresses of everyone registered on this site and if someone is trying to scam their members they have their contact information. They also have all emails from members to other members to help in their investigation. That's why it's good to be a registered member.

If you think you are being scammed all you have to do is contact Redweek and they will investigate. I can almost assure you that your ad will be safe and secure here minus any scammers.

jayjay, don't you work for RedWeek?

Nope, I'm just a mere member of Redweek. If I worked for Redweek you would see STAFF below the name of jayjay.

jasperf wrote:

jayjay, don't you work for RedWeek?

sarahc93 wrote:

I am thinking about upgrading my membership here but am curious as to whether or not it will sell here.

I have an ad on http://www.tug2.net/ and the only bites I got there were scams.

Where is the best place to advertise your timeshare for sale or is there a legit real estate agency that would sell if for me?

TIA,

Sarah

I sold a 2-bedroom lockout at Fairfield Lake Lure, NC. The lockout had the advantage of depositing the A and B units separately thus giving the buyer the ability of obtaining two weeks if desired. The selling price has to be right. Many sellers think it will sell if they put a high price. It probably wont sell. Also, the season is a factor. Look on E-Bay. Go to their timeshare (listed under real estate). It will give you some idea what's available and for how much they are selling. It's a wild business. I just bought a 2-bedroom summer week (red) at a well known resort for $1.00. Why no one bid I don't know. It's the third one I've bought for $1. The one I sold on Red Week cost more than $1.00, but not much more. Good luck on your decision whatever it is. ps - A real estate agency (timeshare reseller) will take a good percentage of your sale price. If you bought your unit from the developer you can expect to sell for about 10% of what you paid.