Selling Time Shares

shawnr32 stated in part: >> ....selling my unit with 98,000 points per year and January 2008 having a total of 207,000 available- I'm thinking is a great deal for someone. << ==============================

As I had stated previously, I'm not sure that your "carry over" RCI points can be transferred along with a future sale. I'm NOT saying they CAN'T be, I'm merely saying I'm not sure --- you MIGHT only be able to transfer the annual 98k points which are associated with ownership of the underlying week. It's an important point (no pun intended) and it might be worth your clarifying this matter directly with RCI, so that you don't advertise more RCI points than you can actually produce in a future sale; a situation which could potentially kill a sale in a hurry. Just a thought.RCI Points phone # is 1-877-968-7476.

P.S. Unfortunately, you likely already know that what you paid originally for your RCI Points week will have absolutely no bearing whatsoever on the current market value of that points week today. You might want to "price shop" on different sites to see what a 98k RCI points package sells for today in the resale market. My hasty ball park guess is that it is likely about $4k-- 6k max, maybe less, unlikely more. I've seen 90k RCI points packages sell for half that amount during the past year (don't shoot the messenger, please).

Has anyone sold their timeshare for anywhere close to what they paid for it.What percentageof the purchase price could one expect to get on a sale,my timeshare is at Williamsburg Plantation,thanks

michaelo87 wrote:

Has anyone sold their timeshare for anywhere close to what they paid for it.What percentageof the purchase price could one expect to get on a sale,my timeshare is at Williamsburg Plantation,thanks

It's hard (impossible, actually) to answer your question as you have posed it, because some timeshare purchases were from the developer (at highly inflated, top dollar prices) while others were bought in the resale market (for just a tiny fraction of those developer prices). You don't indicate in which category YOU are in --- and what you might receive in a resale (in relation to your original purchase price) depends directly upon that missing detail.

I would dare to say that NO ONE has EVER gotten back anywhere even remotely NEAR what they paid if their purchase was from a developer, regardless of location. 50% would generally be regarded as a huge success. People who sell a timeshare purchased In the resale or "secondary" market most often take small losses, sometimes break even, occasionally even make a small profit. That said, the use and enjoyment derived during ownership certainly also has its own inherent value, which also factors into the "value received" equation.

It's important to keep in mind (if SELLING is your actual goal and objective) is that from a buyer perspective (with all due respect, but very bluntly stated) NO ONE CARES WHAT YOU PAID! The actual market value of your timeshare, today, simply "is what it is", as dictated by market supply and demand. Current value is determined largely by what comparable weeks are also available for sale at any given facility (and, of course, for how much money).

The "going price" RANGE value of your particular timeshare can be (at least roughly) determined by looking at the resale market prices listed for "comparable" weeks in ads on RedWeek, TUG, MyResortNetwork, VacationTimeshareRentals, even eBay.

I don't know your particular resort, but Williamsbug in general is one of the overbuilt locations where available timeshares are "a dime a dozen" (also Orlando / Kissimmee, FL, Las Vegas, NV and a few other timeshare-glutted places). Prices are obviously kept in check (...at best) by the glut of available resales in those overbuilt areas.

Price your week realistically and competitively and you may succeed in selling, but "what you paid originally", regardless of whether it was from a developer or as a secondary / resale market purchase, ultimately has NO real bearing (or relevance) whatsoever on its actual, current, market value TODAY. That's sometimes hard for people to accept or to acknowledge, particularly if they paid high developer prices originally, but it's an indisputable fact nonetheless. Good luck.

I just want to walk away from my timeshares in Sint Maarten now, but can't! LOL But, I really feel I have gotten great value of 15 years of month-long vacations, and sometimes trades. Was worth the money spent, and a real savings from hotels. I did have a great rental of my weeks through Redweek last year, and a low offer to buy that I wish I had taken (but was still in some confusing negotiations with my ex). I think Redweek is a great resource, so I am hoping!

debs3 wrote:

I just want to walk away from my timeshares in Sint Maarten now, but can't! LOL But, I really feel I have gotten great value of 15 years of month-long vacations, and sometimes trades. Was worth the money spent, and a real savings from hotels. I did have a great rental of my weeks through Redweek last year, and a low offer to buy that I wish I had taken (but was still in some confusing negotiations with my ex). I think Redweek is a great resource, so I am hoping!

Deb, sounds like you might have a great location to try something I post few times on here!

If you have no offers try renting it with option to buy and see what happens.

Write your ad to rent and if you decide to buy within two weeks of your vacation I will deduct all or part of your rental fee.

You and renter would have this written in the rental contract. We sold our first Mexico timeshare this way.

If they like your resort and then go to the resort presentation and hear their pricing they will be calling you to buy!

Many families that could deduct what they spent to rent toward buying is hard to refuse.

If you get a few offers to rent just ask if they are thinking of buying and explain what your willing to do for them.

Try and rent for enough money that if they don't buy you still make some money.Also the larger amount they pay the more likely they would buy if this is something they decided to do while on vacation.

Down side to this is you can only do it once a year so pick your renter(possible buyer) carefully if you have choices.

Told one of our friends about this and they sold their timeshare the first year they rented it!