The One Really Big Issue . . .

[Mongoose Member Find all posts View Profile Close Mongoose]

Remember the basic problem. Question: Why can't you sell a timeshare today? Answer: Because people, who might otherwise want one, are afraid that if they did buy one they could never sell it, and they don't want to take that chance. Duh! Let's fix that!

It also comes down to marketing. Professional sales people make the pitch, use high pressure sales and show of the best of the resort. Resales don't have any of those advantages.

[JWC Super Moderator Find all posts View Profile Close JWC]

It also comes down to marketing. Professional sales people make the pitch, use high pressure sales and show of the best of the resort. Resales don't have any of those advantages.

The developers are selling to people that are totally ignorant of timesharing and therefore don't realize that they are being lied to.

[Mongoose Member Find all posts View Profile Close Mongoose]

The developers are selling to people that are totally ignorant of timesharing and therefore don't realize that they are being lied to.

John, Just wondering, how many TS intervals do you own? How did you find them for purchase?

[Sheepdog Junior Member Find all posts View Profile Close Sheepdog]

Didn't concider an exit strategy

So like our government with certain decisions, we did not concider an exit strategy when we bought our timeshares from my wife's parents. We bought them for what they paid back in the 80's. Guess we will sell to our children at our cost. Maybe plus some depending how they do in college.

[Mongoose Member Find all posts View Profile Close Mongoose]

So like our government with certain decisions, we did not concider an exit strategy when we bought our timeshares from my wife's parents. We bought them for what they paid back in the 80's. Guess we will sell to our children at our cost. Maybe plus some depending how they do in college.

At least it was in 80's $.

[JWC Super Moderator Find all posts View Profile Close JWC]

John, Just wondering, how many TS intervals do you own? How did you find them for purchase?

I bought my first one 23 years ago from the developer Glen Ivy. I was already aware of timesharing as a good friend of mine was an owner since the early 80's. The presentation was low key with no pressure and the sales manager asked us if we were sure we wanted to buy. I bought my second one also from the developer 19 years ago. Again the presentation was low key with no pressure. The reason I bought from the developers is I wanted those particular resorts and they were both brand new resorts so there were no resales.

I sold the first one I bought about 3 years ago because I had far too many weeks banked at SFX so I couldn't use them all. I also sold 10 of my banked weeks in a separate sale.

I have no regrets as we have gotten all the exchanges we wanted. However things have changed now and we prefer upscale hotels to timeshares. I would never buy a timeshare now as there are so many alternatives that don't lock you in to M/F. You can rent a T/S if you want one.

[Mongoose Member Find all posts View Profile Close Mongoose]

I bought my first one 23 years ago from the developer Glen Ivy. I was already aware of timesharing as a good friend of mine was an owner since the early 80's. The presentation was low key with no pressure and the sales manager asked us if we were sure we wanted to buy. I bought my second one also from the developer 19 years ago. Again the presentation was low key with no pressure. The reason I bought from the developers is I wanted those particular resorts and they were both brand new resorts so there were no resales.

I worked for InterContinental Hotels & Resorts for 15 years. Hotels are great for business travel and vacation/trips with the wife, but they just don't work with a family of 5. I bought two of my TS for pennies on the dollar while I worked at InterConti. For us, as a family, they work better. We usually eat breakfast in as a family, then have laundry facitlies and we have the option for meals, and rest at our leisure.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

So like our government with certain decisions, we did not concider an exit strategy when we bought our timeshares from my wife's parents. We bought them for what they paid back in the 80's. Guess we will sell to our children at our cost. Maybe plus some depending how they do in college.

Would it be OK if I use your exit strategy?

[JWC Super Moderator Find all posts View Profile Close JWC]

I worked for InterContinental Hotels & Resorts for 15 years. Hotels are great for business travel and vacation/trips with the wife, but they just don't work with a family of 5. I bought two of my TS for pennies on the dollar while I worked at InterConti. For us, as a family, they work better. We usually eat breakfast in as a family, then have laundry facitlies and we have the option for meals, and rest at our leisure.

Timeshares were fine for us when we took our family with us but we far prefer the service and amenities of upscale hotels. We have never cooked meals while vacationing so having a kitchen is not important for us.

You can rent timeshares often cheaper than the M/F. We rented a 2BR unit at the Wyndham Waikiki Beachwalk resort for less than the M/F. There is not one size that fits all.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Speaking of exit strategy, who has sold or otherwise disposed of a TS in the last three months, and how, what, where, when, how much, etc.?

Thanks

[Mongoose Member Find all posts View Profile Close Mongoose]

Speaking of exit strategy, who has sold or otherwise disposed of a TS in the last three months, and how, what, where, when, how much, etc.?

Thanks

My TS (a VRI property) has hired a marketing company to resell. They offered me $2250 upon sale of the unit for a bi-annual interval. No costs to me. I assume, they will resell it on the primary market, take the majority of the profit and give me the balance. I'll let you know if it sells.

[JWC Super Moderator Find all posts View Profile Close JWC]

My TS (a VRI property) has hired a marketing company to resell. They offered me $2250 upon sale of the unit for a bi-annual interval. No costs to me. I assume, they will resell it on the primary market, take the majority of the profit and give me the balance. I'll let you know if it sells.

That is interesting because my TS is also a VRI property. Our resort lists resales in their newsletter. I don't know if they are deedbacks or they are just listing them for the owners. Maybe it is the same deal as what you have at your resort. I am going to call them and ask.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Interesting . . . the SW FL resort we are most familiar with lists units for resale for its owners at the resort and in their newsletter, and has an office for a local agent who comes in at least a day or two a week . . . I believe she has another office elsewhere.

We tried to buy a unit (the one we always stayed in Week 1) when she came in on Jan. 2 a few years back. (Of course, cuz things change, we wouldn't want it now if we had bought it . . . but it would be a good rental.)

It just happens to be the resort I use when I need an example of a place that is actually worth the sum of it's resale values as an entire condo building. I probably didn't say that right, but what I mean is that if the entire place sold and everyone got a share, it would be about what units are selling for individually.

All of that is done by, or through, the local resort, so, under the auspices of the HOA. There is no questioning whether that is the right thing to do, whether they are empowered to do it, etc. It is just how it has always been done.

I can't imagine why, if a local RE agent wanted to do such a thing, an HOA or management company would not accomodate, or why they would hesitate in initiating such a program. The only reason I can think of a resort or an HOA or a management company, or any entity in the industry, not to do it, is simply because they don't want to. Even an exchange company (if they can do rentals), could assist on resales if they wanted to

It is a VRI resort, and it appears that is a system-wide service:

Vacation Resorts International Timeshare Sales

Although examples like that do not prove that all resorts would be more stable if they provided a resale program, but it does demonstrate that some of those who do are.

Not picking on any company in particular, but compare that with the statement from the following company, which I believe to be the all they offer in this regard:

http://www.escapesresorts.com/resale/default.asp

Find the resale info in their FAQs:

http://www.escapesvacations.com/faq.asp

It is not a program, it is washing their hands of the subject.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Jim - I own two VRI resorts and neither can offer full resales as the incumbent sales group doesn't want it. They can post resales on the paper bulletin board & the web site but are absolutely barred from active on site solicitation of resales. Without that VRI (and the resort) can't get anyone interested in brokering resales. Until that sales agreement runs out they are unable to offer resales (or relatively easily move any inventory that they get through deed back or foreclosure). Thus another road block to "take them all back".

It's never easy. And there is never one answer that will work for all.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Jim - I own two VRI resorts and neither can offer full resales as the incumbent sales group doesn't want it. They can post resales on the paper bulletin board & the web site but are absolutely barred from active on site solicitation of resales. Without that VRI (and the resort) can't get anyone interested in brokering resales. Until that sales agreement runs out they are unable to offer resales (or relatively easily move any inventory that they get through deed back or foreclosure). Thus another road block to "take them all back".

It's never easy. And there is never one answer that will work for all.

As far as this topic goes, it doesn't really matter which part of the industry fails in any instance.

It always has been and is today set up so that all can point the finger at others.