how to sell/rent

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

Hi,i am new here just
need help on how sell/rent my westgate town center week 52
i have it on redweek but no hits yet...can anyone help
like to rent to help pay the monthly payment.
so how can i make this work for me.

[aliikai2 Super Moderator Find all posts View Profile Close aliikai2]

Where to start...

The only week 52 listed on Redweek for your resort is priced at $19500.
The chances of anyone paying over $2500 for this are little and none.
If you are still making payments you need to use it, that is after all why you bought it. Otherwise, you will need to bring some serious cash to the closing table, to off load this unit.
fwiw,

Greg

Hi,i am new here just
need help on how sell/rent my westgate town center week 52
i have it on redweek but no hits yet...can anyone help
like to rent to help pay the monthly payment.
so how can i make this work for me.

[BigRed40 Junior Member Find all posts View Profile Close BigRed40]

I have also been thinking about trying to rent my TS. It is an even-year 2BR, 2BA lockout in Ft Lauderdale, week 14. What are the best options for renting it? I could fill out a rental agreement with Vacation Village, the resort, (they take 38% for their trouble, assuming that they rent it), but what other options have worked best for those of you who are more experienced at this sort of thing?

Since I have NO experience, that means most or all of you!

Feedback appreciated...

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

yes that is the sale price 19,500
its on myresortnetwork.com sale 19,500 rental 1,200

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

yes that is the sale price 19,500
its on myresortnetwork.com sale 19,500 rental 1,200

As Greg indicated, at $19,500 your unit is priced probably overpriced by a factor of ten. That price is so unrealistic that anybody who might be interested in the week isn't likely to even bother submitting an offer.

It's possible that a $1200 rental price is realistic; I can't say for sure because I don't know that market. But $1200 for a week 52 sounds ais if it's at least in the ballpark, especially if the unit is a 2-bedroom.

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Some added comments about renting.

If you want to rent regularly you need to conduct the activities as a business. That means knowing how to create good webads - when you post at a site such as Redweek you include a link to a hosted site where you have the ad posted.

You need to have good terms and conditions, that tell renters exactly what to expect. A comprehensive set of terms and conditions helps people know that you really know the game and the types of glitches that might occur. It shows that you know what your doing and reinforces the image of seriousness and professionalism.

Finally as a private renter the key to consistently renting units at good rates is repeat business and referrals. As you conduct business and get a track you shift from an unknown quantity to a more reliable and trustworthy operation. IOW - people perceive there is less risk in the transaction and as they perceive less risk they will be willing to pay.

But thinking again as a business, building up that clientele and record of performance will likely mean renting at a loss for several years until your operation gains traction and builds a reputation.

*******

That's the kind of stuff you need to do if you want to rent consistently at rates that might allow you to eke out a bit of profit.

If that's more work than you want to do, about your only alternative is to put your unit out on high visibility sites such as Craigslist, Redweek, MyResortNetwork and slash the price until you get action.

Or get your Square Trade certification and list it for rent on eBay with a $10 opening bid and a good description with good set of terms and conditions.

****

But frankly, if you've had the listing going for awhile with no action then it's likely you're overpriced even at $1200. That means you are either completely overpriced, or there are weaknesses in your listing that are driving down the price people are willing to pay for your listing.

Anything that leaves questions in a potential renter's mind is going to drive down the price. Questions about the transaction make the rental seem more risky, and when something seems risky people will either run away or they will drop their offer price to compensate for the risk.

The way to shore up your price is to create a better listing - to make a listing that will make interested parties want to rent from you instead of from someone else. That means being more credible.

*****

To get an idea of what you need to do, browse other listings and see how you respond to the listing. Does it make you want to rent from that person instead of someone else? Does the ad make you feel confident or not? When you see an ad that works look it over and think about what it is that makes that ad work better.

eBay is a great place to check listings because there is a good variety of ads there.

[DZine4U Junior Member Find all posts View Profile Close DZine4U]

need timeshare advice

Hi - I am new here as well and need advice about a timeshare that we were coerced into buying many yrs. ago. It is a 2 bedroom condo in Atlantic Beach, NC and our week is in February (yes Feb. at the beach). We have tried several different avenues to sell/rent or even donate it with no success. Originally we had an RCI membership for several years, but found it very difficult to make exchanges, so we discontinued the membership. When our kids were small, we did use our week - which was needless to say peaceful (NO one around), but we haven't used it in years and are very tired of paying the maintenance fees. I have entertained the idea of trying to use RCI again, so that we can get something out of it, but need some advice.
I would be grateful for any input - thanks.

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

Originally we had an RCI membership for several years, but found it very difficult to make exchanges, so we discontinued the membership.

Can you plan your vacations at the last minute - which is to say, within a few weeks of going? If so, I'd give RCI another shot for a year or so, and focus on Last Call and Extra Vacations rather than trying to trade - although if you're not going to use your week, better to put it in for trade than nothing, yes? Or perhaps Interval International or one of the other trading systems would work better for you, but I don't know if they offer discounted last minute vacations for cash as RCI does.

If all you want is the beach in the summer then your odds aren't good (although people who check RCI regularly have picked up some real deals here and there), but if you enjoyed Atlantic Beach in February my guess is you could enjoy other places off season as well. We've gone to Gatlinburg in January and had more to do than we had time for - the Great SmokyNational Park is open, with the exception of a couple of roads, and while a lot of things are closed, a lot are open year-round with limited hours. I'm sure I enjoyed Ripley's Aquarium way more in January than I would have if it was summer and crowded.

Orlando is supposed to be easy to trade into late April/early May, when it's plenty warm enough there for me (highs in the eighties). If you're not into Disney (we're not), there's still plenty to do there - the Morse museum has a large collection of Tiffany windows and lamps and things; the Leu Garden is large and many flower peak in April; lots of artsy stuff and shopping locally; the beach is an hour away and Cape Canaveral National Seashore an hour and a half. The Kennedy Space Center's about an hour away, as well.

Many of the places resorts cluster around - Orlando, Gatlinburg/Pigeon Forge, Branson, Wisconsin Dells - have stuff to do year round, just less of it off season. Pigeon Forge has Wilderness Wildlife Week in January, for instance, and while Wisconsin Dells doesn't have as much outdoor stuff dead of winter, the boats run from April to October, so if you can go during the shoulder seasons that's an option - and the Dells are beautiful in the fall, while some of the local state parks are lovely in the spring. With the Internet, it's pretty easy to find something to do near most resorts, if you drive or rent a car.

It's a buyer's market right now with timeshares, so I would think your best route is to see what you can do with it the next few years. If you have the time to do web searches, deposit your week as early as possible with RCI (or where ever), and see what locations and weeks it can get you, then seriously research those locations and see if there's anything around there you'd like to do. My kids wanted to go to Orlando because they liked the resort there (we're with Bluegreen), I wasn't too enthused because to me, Orlando is Disney, and I knew we didn't want that. But then I started poking around, and now I'm thinking we won't have time to do all the cool stuff available. Which is often the case if you can get past, "That's not where I want to go" to "what's around there that would be fun?"

You're taking a step in the right direction, posting here. Thinking, "How can I make use of this thing I've committed to?" is the attitude that works best; "Why isn't this thing what I wanted?" can be a barrier between you and enjoying what you have. Sometimes all it takes is seeing things from a different perspective and you can really enjoy something that wasn't quite what you wanted in the first place. Best of luck to you.

[colin32422 Junior Member Find all posts View Profile Close colin32422]

Try bidshare.com

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Hi - I am new here as well and need advice about a timeshare that we were coerced into buying many yrs. ago. It is a 2 bedroom condo in Atlantic Beach, NC and our week is in February (yes Feb. at the beach). We have tried several different avenues to sell/rent or even donate it with no success. Originally we had an RCI membership for several years, but found it very difficult to make exchanges, so we discontinued the membership. When our kids were small, we did use our week - which was needless to say peaceful (NO one around), but we haven't used it in years and are very tired of paying the maintenance fees. I have entertained the idea of trying to use RCI again, so that we can get something out of it, but need some advice.I would be grateful for any input - thanks.

You could try a classified ad here or post it as a giveaway in our Freebie forum. If you still owe money on the deal those options may not work. Depending on the week and resort, the week could be marketable.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Hi - I am new here as well and need advice about a timeshare that we were coerced into buying many yrs. ago. It is a 2 bedroom condo in Atlantic Beach, NC and our week is in February (yes Feb. at the beach). We have tried several different avenues to sell/rent or even donate it with no success. Originally we had an RCI membership for several years, but found it very difficult to make exchanges, so we discontinued the membership. When our kids were small, we did use our week - which was needless to say peaceful (NO one around), but we haven't used it in years and are very tired of paying the maintenance fees. I have entertained the idea of trying to use RCI again, so that we can get something out of it, but need some advice.
I would be grateful for any input - thanks.

Feb will be very hard to sell. Have you talked with resort to see if they are willing to take deed back?

If you want to try RCI route, I will guess you may end up like getting last call inventory unless you deposit the week very early, like you deposit the 2011's week now. Than you may get some acceptable exchanges.

Jya-Ning