Timeshare sale posting help

Hi, I am new to managing timeshares and after my wife and I purchased a timeshare last year, we shortly realized that we do not have the time, drive and intention to manage or use it. So, we are trying to sell it. I put my post up on RedWeek, TUR, bidshares. The problem is that I am not getting any inquiries, which leads me to believe that something is wrong with the way I listed my entry.

I was wondering if anyone here could take a look and point out if there is anything obvious in this post that would turn people off? Maybe I used a wrong term, something that can be misunderstood... Any help would be appreciated. Thank you!

Here is the entry: http://www.redweek.com/posting/R412325

Regards,

Iulian

I have no idea know how to locate an ad merely by its listing number on RedWeek, but if you can post another message identifying the resort, then folks (including me) can then easily look up the resort, easily find your ad, and then offer opinions on the desirability of the resort, geographic location, company chain (if applicable), unit size, week number and last but not least --- selling price.

It helps (although it's not easy) to try to remember that NO buyer cares what YOU paid. You are not likley to recover the amount you paid. Buyers only care about the lowest price THEY can find for the same (or a closely comparable) week....

Hi, sorry, I didn't realize that the link cannot be used. My listing is here:

Mayan Sea Garden, Nuevo Vallarta, Mexico, North America

If I am not wrong, it's the only one there as well...

I understand what you mean about the price, I am trying to figure out how to find comparable weeks at other resorts and compare my price...

Thank you,

Iulian

iuliani wrote:

Hi, sorry, I didn't realize that the link cannot be used. My listing is here:

Mayan Sea Garden, Nuevo Vallarta, Mexico, North America

If I am not wrong, it's the only one there as well...

I understand what you mean about the price, I am trying to figure out how to find comparable weeks at other resorts and compare my price...

Thank you,

Iulian

Hi Lulian,

Your posting looks fine to me but you might try lowering your price. Try to find comparable prices on other websites to determine what is a good price and go from there.

Thanks, Marty

iuliani wrote:

Hi, sorry, I didn't realize that the link cannot be used. My listing is here:

Mayan Sea Garden, Nuevo Vallarta, Mexico, North America

I am trying to figure out how to find comparable weeks at other resorts and compare my price...

Consider looking at sites like Bidshares, MyResortNetwork, and Vacation Timeshare Rentals; even the timeshare listings on the Stroman Realty site, where it is quite easy to "navigate" right down to a specific resort (as it is on RedWeek). You can "home in" on specific geographic areas on eBay too. Conducting such searches, you can hopefully find your own resort and compare listing prices (...if there are any listings for your resort posted there, of course). Just be sure to compare "apples and apples". Being a studio, yours is the smallest sized unit possible and of no interest to any family larger than a couple with no kids. 1BR, 2BR or larger units, with their larger occupancy limits than just a 2 person maximum, will obviously command higher prices than a studio size unit at the same facilty.

You can also search through "closed" eBay auction listings. If you can find a sale at your resort, or at comparable others nearby, those "closed" listings will tell you EXACTLY what that week SOLD for. Looking at listings elsewhere will only tell you ASKING prices. eBay selling prices might be a disappointment, but they do provide a good reality check since, generally speaking, eBay selling prices tend to represent truly rock bottom figures in the overall marketplace.

Your ad is well written and is certainly adequately descriptive. You might consider overtly stating in your ad that there are no mortgages, loans, liens, or any other encumbrances of any kind and that all fees are paid up to date and current (assuming, of course, that these statements are all true and accurate to begin with).

I don't know much about Mexican timeshares, but my gut instinct says that $6,900 is too high and overly optimistic for a floating studio week. I'd bet you'll need to shave at least $2k (...or more) off that asking price to draw any potential interest at all. These days, for comparison, a floating 1BR unit in popular areas of coastal Florida, at well managed resorts I'm familiar with, MIGHT bring $3,000. Given the current economic conditions, maybe HALF that amount --- or less.

Please don't shoot the messenger; I don't seek to discourage you with my input. I'm just offering a speculative (but purely objective) opinion, based upon an admittedly limited amount of knowledge of that particular geographic area / resort. Good luck, in any case.

Also, some timeshare weeks can't even be given away in this economy (check Ebay's 1 cent, 25 cent and $1.00 timeshares with no bids) ..... even though you can peruse other timeshare internet listing sites to compare prices listed, bottom line is the only thing that counts is what a week sells for .... many people list their weeks far too high and that's why they get zero inquiries, what they paid for the week originally has no bearing on the resale market ..... supply and demand of your week and popularity of your resort rules in the world of resales.