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We would like to sell our Big Cedar Wilderness Club timeshare and would like any help from someone who has successfully sold theirs. Do we pay 600 upfront to sellmytimesharenow.com? Do we pay Pinnacle 39$ upfront and then a commission if it sells? Do we use TUG? Any help? We want to sell 13,000 annual points for around 7, 000. Our points load in August all fees are paid up until then. Thanks for the advice!
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I'll say this much
Pinnacle is legit, and Big Cedar points used to always sell at a bit of a premium there back when I followed sales.
Most people strongly advise against any sizable upfront payment. $39 wouldn't bother me; $600 would.
Anita -
Pinnacle
I just popped onto the Pinnacle website because I haven't looked in years. Wow, there are a lot of sadly misinformed people out there! I saw lots and lost of ads for $2 or $3 a point, and one even was over $6 a point! (I'm hoping it was a typo; 3000 points for $18+K.)
Insane.
Clearly, Pinnacle will list at any asking price but that has no bearing whatsoever on what it will sell for.
If you know what unit and week you have at Big Cedar, you might tempt someone who is interested in the underlying week. 13,000 pts sounds like a red season cabin to me. If it is a good week, that might be of interest to someone who would want to exercise the right to book that unit at the 12 month mark.
Good luck.
AnitaComment
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Selling Timeshares
I agree with Anita, do not pay large up front costs to sell. There are a number of places to have you sell advertised, including Pinnacle. Pinnacle commission will be approximately $2000.00. Speak with them and they will give you good advice on selling your timeshare. Qualified points are selling at $1.25 or $1.30 per point. Unqualified points are going from nothing to what ever the market will bear. You might also message bocabum99 (Jim) on this forum, he is also in the resale business and his advice could be very valuable.
Best wishes on you getting to sale.Comment
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Hi MissRose and Welcome to TS4MsOriginally posted by missrosehenry
As Anita said, there could be some interest because of the underlying week - the owner can reserve it at 12 months that could be valuable if one wanted a guarenteed reservation.
However, your "premium/bought from Bluegreen" benefits do not transfer with this sale making it much less valuable to the new owner.
People are giving these ownerships away....on many resale sites, 14,000 points go for $700 - no where near $7,000.Comment
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I just found your other post from Sept 2010
Originally posted by missrosehenryMissRose, it seems you just purchased this ownership back in September, maybe there is a way for us to help you learn how to use your ownership?Originally posted by BocaBum99 View Post
There are many happy Bluegreen owners here.Comment
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Pinnacle might be the way to go
Thank you for the replies. It sounds like Pinnacle might be the way to go. Wow, 2,000 dollars commission for a 7,000 sale sounds like alot of commission. I am wondering too about qualified vs. non-qualified. I am thinking that because we bought from an owner directly we may not have qualified points? We do have bonus time there and we can book 12 months in advance so I am a bit confused.Comment
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Yes, you do not have qualified points so you only have bonus time at Big Cedar.Originally posted by missrosehenry
Good luck with your sale.Comment
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If Pinnacle can sell your points for $7,000 in today's market, a $2,000 commission should be considered a bargain. Go on eBay to see what 13,000 points are selling for. This really is a bad time to sell since some folks who are on the edge of bankruptcy are selling for nothing since they can no longer afford to vacation. This will turn around in a few years though.Originally posted by missrosehenry
CharlesComment
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Charles, I post basically the same thing you said here above, and OP chose to ignore that post of 7,000 points being worth at the most $700.00 and instead focused on the $2,000 fee.Originally posted by crwisconsin View Post
I also hope it all turns around as well.Comment
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Pat,Originally posted by GrayFal View Post
Yes, I know. Sigh. Unfortunately, the message sometimes has to be given many, many times because it is such a hard message to take.
CharlesComment
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Staying positive always helps!
In an effort to put this topic to bed.....Thank you again for your guidance on timeshare pricing. It looks like we will keep our timeshare for now, since it doesn't seem to be worth much. You know it's tricky, last year when we bought this for 6,000 dollars everyone we talked to said we were stealing it (other wilderness club owners specifically), and now it seems it's not worth 700. I am glad I didn't give my 600 dollars to the guy from sellmytimesharenow who said not to list for under 12, 500. I am just putting this out there, and I know everyone's situation is different, but, we LOVE Big Cedar and when we went to sign on the dotted line at the resort it was 10, 000 points for 20,000 dollars (we walked away). Two months later we bought 13, 000 points for 6, 000, which we thought was an amazing deal (this gets us to Big Cedar 3 or 4 times a year plus bonus time, which is great). Now, it is not worth 700$. Like I said, honestly, we love it there and we don't have to sell, other than the fact that we are moving away from the area, and we don't use the other properties. For us (specifically) this product that is being sold went from being worth 20,000 to 700 (according to some of you) in the same year, that is CRAZY! I don't care how you look at it or if you say qualified vs. non-qualified, it is still crazy!
A little note to Pat and Charles, I am not sure why you have been so hostile to me in these posts, I really was just looking for some direction and help with pricing from those who had been successful in selling, your rude comments haven't been helpful at all. Please try and just be helpful and not snide to those seeking help in the future.Comment
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Originally posted by GrayFalOriginally posted by GrayFalMiss Rose - I went back and re-read my posts to you - it was not my intent to be snide, in fact I wished you good luck on your sale .... I investigated further by looking at all your posts here and saw that you just purchased your ownership in the fall and I offered helpful information in a gentle way as did Anita and Charles - and you chose to ignore what each of us said, not even acknowledging what we had posted and focused on the $2,000 fee to Pinnacle.Originally posted by GrayFal View Post
A timeshare is worth what someone will pay for it. As you stated in your example - you certainly got a MUCH better deal buying resale than from Bluegreen directly.
Anita stated that people will pay more for Big Cedar because they want that location and that ability to use bonus time there which is true but it will be very difficult to get someone to buy your ownership for more then u paid last year.
I suggested that we can help you maximize your ownership and that is true.
It is up to you if you would like that assistance.
Don't shoot the messenger.
edit - I see you DID thank us for our replies and then focused on the Pinnacle fee - sorry for the error.Comment
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Don't kill the messenger
Those that know me on TS4MS know that I am not hostile, rude, nor snide. I am sometimes subtle, too subtle for some and I am sometimes helpful. However, think of the task at hand. Someone buys something for $6,000 that should cost $12,000 (there is a hidden message there, right?). How do you tell someone in that position that they can't even sell it later for $1000 and have the person believe it. It defies logic, yet it is true. There is no soft way to do it. The easy way would be to just ignore your (and others) plight and not say anything. Let you and the others pay $500-$1,000 upfront to some scam artist who just takes their money and does nothing other than giving out glowing promises. So many people have paid these scam artists that it makes your heart break. And these generally are people who can't afford the upfront fee since they are having a hard time paying maintenance fees.Originally posted by missrosehenry
But we have helped you. You have decided to keep your timeshare at least until the economy turns around. You don't have to worry if you have done the right thing since you now know there is no other thing to do (if you can pay maintenance fees). You can easily enjoy it and bonus time until you move. After your move, you can still come back and enjoy it or trade it for something closer to your new home. You do have an excellent trader.
Now a bit of advice. Don't say let's stop this discussion but only after I tear apart those who have tried to help you. I am sure that if you come to this group for advice on something else in the future, many of us will ignore you since you make personal attacks on those who try to help someone.
You make me think of of the parents who were upset at the bus driver who swore at the kids on his bus. He admits swearing but why did he do it? He saw the tornado coming and he could not out run it with the bus. He stopped to get the kids into the ditch where they would be safer. But we all know that kids do not appreciate danger and they dawdled. He swore at them which really got their attention and got them to hurry up and get to safety in time. After the fact, all some of those parents were concerned about was the swearing.
CharlesComment
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I assume you read the following thread before starting yours.Originally posted by missrosehenry
http://www.timeshareforums.com/forum...timeshare.html
Charles
(Coming out of the blue this message could be considered snide but it is additional information regarding your comments.Comment
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