eBay 24Oct07 in a matter of about 15minutes the world has changed

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

Quietly wondering if Spence needs a mistress.

My EYES!!!!!

This is what PMs are for, Lawren. You realize that.

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

why don't they just make it more abvious with names like: DRI_DevBuybacks, DRI_BuyBacks, Cloobeck'sCrew, etc... ???

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

If it is indeed them

apprantly they plan to let everyone know, in that case, Spence, you may willing to talk to them to confirm it and post it in tug to spread the word.

Jya-Ning

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

15 Days!

e-Bay Member: devbuyback ( 0 )
Member since Oct-09-07 in US
Six bids within the first 15 days

[Bill4728 Super Moderator Find all posts View Profile Close Bill4728]

You have to wonder why more developers aren't doing the same thing?

Last week there was a sale at Mountainside lodge in Whistler for a 1 bed summer floating unit. Shell vacations ( THE CURRENT DEVELOPER) is selling that week for $16K - $20K yet it sold on ebay for $100.

Why aren't these guys buying these weeks?

[Glitter Brunello Super Moderator Find all posts View Profile Close Glitter Brunello]

-

e-Bay Member: devbuyback ( 0 )
Member since Oct-09-07 in US
Six bids within the first 15 days


e-Bay Seller: htr4timeshare ( 0 )
Member: since Oct-16-06 in US

Hotel Timeshare Resales International, Inc.
74924 Country Club Dr.
Suite 120
Palm Desert, CA 92260

htr4timeshare

Marti, the part about devbuyback being on ebay for 15 days is clear, but what is the meaning of the HTR info and why the link to their site? What am I missing?

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

Reference Link Only

The e-bay seller and link may help to find out where the excess inventory is coming from!
Looks like devbuyback missed out on this e-bay auction item number: 320168939552

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

Reference Link Only

Two of 6 devbuyback ( 0 ) bids/purchases
were from htr4timeshare ( 0 ) their website
states that their company has been in business
11 years, however they too have zero feedback.

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

You had to wonder how long it would take for a developer to figure this out as a secondary ROFR and to protect to some degree their sales force from the resale market.

This may accomplish more than one or two things. It might sheild their own marketing and sales from the resale market to some degree, it will put those units back into developer inventory and increase profits, it will assure those units go back into points increasing units available for members internal exchange using Sunoptions rather than outside the system in the weeks ownership.

I've watched Polo Towers resales for a couple of years off and on. It will be interesting to see what price point they'll force the price up for those weeks.

It was mentioned earlier that they'd be better off beating the PCC's to the punch by offering to take back weeks from owners wanting to give them up. I see a couple of problems with that. If offered they may not be able to control inventory. To many people giving back weeks will strain the HOA's who depend on the annual MF's to maintain the resorts. Another would be PR if they actually charged a fee for this. You know, "They sold me the timeshare for $33,000 and then wanted me to PAY just to give it back to them."

Of course they could do this if they set limits and made those limits known in writing. For example some aribtrary wording that we will accept returned units in good faith so long as our inventory controls are met and so long as we do not exceed a certain percentage of developer owned units vs personally owned units at sold out resorts.

The key for the developer is to control not only the units they own but to control the resale market in such a way as to keep prices higher than bargain basement. Hilton does this very well since many of their resales will run in the $10,000 to $15,000 range just to get past ROFR. It's still cheaper than buying direct from Hilton, where prices run in the $30,000 range for a Platinum 2 bedroom unit but cost prohibitive enough to keep people from buying dozens of weeks at $500 to $1,000 each.

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

FWIW - I believe that Quintus has a standing offer to buy back units at Hanalei Bay from any owner that wants to sell. I understand their buyback on a 2-bdrm unit is about $13,000.

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

I agree that the developer would only do this to push the prices of resale up but you also have to put in there that they would not do it for that reason only. They must be able to sell them and make the profit also. That means there are still a lot of folks willing to buy from the developer at higher than resale prices at least.

[Schooner Member Find all posts View Profile Close Schooner]

Spence, I watched these sales go buy as well and was a little more than curious with a name such as "devbuyback"!

Given the "member" joined on October 6th I wondered if Mr. Clooebeck took your point to me on October 2nd I quote:

"I personally think that Sunterra should pick some price point for the Trust at which they will scarp up anything on the market, heck, it can be resold as new. That would prop up resales and end the bargains that are out there now. They could also have a publisized department at corporate that could/would work with resale buyers who pay more than that price point to unambiguously tell them the straightforward cost to re-join full Club."

We will have to see what happens next!!

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

FWIW - I believe that Quintus has a standing offer to buy back units at Hanalei Bay from any owner that wants to sell. I understand their buyback on a 2-bdrm unit is about $13,000.

I don't know if that is the case. I bought two EOY intervals this year for less than that. In both instances, Quintus offered to sell the intervals and net more to the sellers than I offered. The first seller gave them about 6 months to find a buyer before coming back to me. I do know that as of last year that they had sold all of the 2BR intervals and were offering to handle resales on 2 BR units. At that time, they had about 70 1BR weeks left to sell. I read a review from an owner on TUG recently that said when she attended the owners meeting a couple of months ago that the 1BR inventory was now all sold. I will be there in about 3 weeks for a stay, so I will get an update. Quintus is still managing the resort, although the company only has a couple of resorts under management and does not appear to be growing.

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

I agree that the developer would only do this to push the prices of resale up but you also have to put in there that they would not do it for that reason only. They must be able to sell them and make the profit also.

I agree with this statement. If DRI/Sunterra had a lot of new resorts under construction, they probably wouldn't be buying back inventory. I think the reason Wyndham doesn't buy back points is that they are always building new inventory. There is a limit on what they can sell retail. Has DRI/Sunterra built much new product lately?

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

You are right, they do still have their selling costs, I really don't care what their math is. The bottom line to us here at TS4Ms is that points just went up by 3.5X !!!!!!!

Maybe time for those that bought cheap points to cash out!