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

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  • #31
    Originally posted by somerville View Post
    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 that 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.
    My information is based on comments that were made to me by multiple owners about three years ago when I was actively looking to buy a 2-bedroom unit at HBR. Since the same comment came from about three different people and the details were pretty much the same in all three cases, I presumed that there was an active buyback program.

    It's also consistent with what we were told during a tour, but I certainly wouldn't believe it just because a sales person said so.
    “Maybe you shouldn't dress like that.”

    “This is a blouse and skirt. I don't know what you're talking about.”

    “You shouldn't wear that body.”

    Comment


    • #32
      Originally posted by Jya-Ning
      You should be very happy. 1st, you now know the club does mean business and want to improve itself. 2nd it will increase your net worth by 3.5 in one min today. 3rd, it means there will be improvement in the near future and that only mean better for your ownership, and if the price become too high to make ownership economic reasonable, more people will rent instead. Jya-Ning
      We need to have lunch, I'm in town 3-6Nov. Spence
      ... not enough time for all the timeshares ®

      Comment


      • #33
        Ebay Item number: 200163111202 just ended at $4494 for 21,000 pts or $0.214 per point with devbuyback the winner.

        At the risk of stating the obvious points wont go up to "devbuybacks" top dollar until buyers are willing to exceed what appears to be the old norm of a comfort level of $.20 more or less ... it is just that no one will win them except "devbuyback". Logic suggests buyers will instead hunt down the value in deeded week sales until such time as DRI launches a similar strategy in that area.

        At that point buyers will be faced with recalibrating the price they are prepared to pay for the value received when compared to other timeshare options. It will be very interesting to see what new value point is determined by the market or will all the inventory be scooped by DRI!

        Comment


        • #34
          eBay Listing 180170726009 Cancelled - Results Null and Void - this was just sent to me by eBay as a participant in the auction that went for over $.60 per point. Obviously, this doesn't change the fact that "devbuyback" has made a debut and exposed the upper limit he was prepared to bid.

          Reasons given by eBay for cancellation:

          The listing in which you were a bidding participant:

          180170726009 - 11,000 Annual Sunterra SunOptions Points Gold Crown

          has been ended by eBay. Since the listing was ended by eBay, for the transaction itself is null and void.

          1st Choice - We ended the listing due to bidding activity that took place without the authorization of the owner of one of the accounts that bid on the listing. We have ended the listing to maintain the integrity of the eBay site and the bidder?s account that was accessed. We are working to restore the bidding account to its rightful owner, and we are working with the account owner to prevent any additional unauthorized activity.
          or
          2nd Choice - Due to privacy concerns, we cannot disclose the exact reason the listing itself was ended. However, we can inform you that we did not take any action on the seller's account for this listing.

          ADD to either choice: As a result, we have informed the seller that they may relist their item if they wish to do so. Please feel free to re-bid on this item under the new item number.

          Comment


          • #35
            I bid...and I lost...

            I kept an eye on those Sunterra auctions for a while and finally took the plunge today and bid on the 21,000 points listing this evening for 4,444.00...and obviously I lost to devbuyback. Oh well.

            Comment


            • #36
              Hapimag, the worlds oldest timeshare operator and a points-based mini-system from the beginning, has ALWAYS bought back its points, and at about 80% of the current price, not 25%. The only catch was that the member had to hold the points 3 or 4 years before the buyback provision kicked in.

              Developer buyback may be new for Sunterra, but not for timesharing as a whole.

              Comment


              • #37
                Originally posted by Carolinian
                Hapimag, the worlds oldest timeshare operator and a points-based mini-system from the beginning, has ALWAYS bought back its points, and at about 80% of the current price, not 25%. The only catch was that the member had to hold the points 3 or 4 years before the buyback provision kicked in.

                Developer buyback may be new for Sunterra, but not for timesharing as a whole.
                No one said it was new to timesharing, if you hadn't noticed Steve, this is the Diamond/Sunterra Forum.
                ... not enough time for all the timeshares ®

                Comment


                • #38
                  Originally posted by Schooner
                  Ebay Item number: 200163111202 just ended at $4494 for 21,000 pts or $0.214 per point with devbuyback the winner.

                  At the risk of stating the obvious points wont go up to "devbuybacks" top dollar until buyers are willing to exceed what appears to be the old norm of a comfort level of $.20 more or less ... it is just that no one will win them except "devbuyback". Logic suggests buyers will instead hunt down the value in deeded week sales until such time as DRI launches a similar strategy in that area.

                  At that point buyers will be faced with recalibrating the price they are prepared to pay for the value received when compared to other timeshare options. It will be very interesting to see what new value point is determined by the market or will all the inventory be scooped by DRI!
                  I expect that they will be cherry picking the HIGH and PEAK deeds that appear also. They know what they are worth.
                  ... not enough time for all the timeshares ®

                  Comment


                  • #39
                    Originally posted by Schooner View Post
                    eBay Listing 180170726009 Cancelled - Results Null and Void - this was just sent to me by eBay as a participant in the auction that went for over $.60 per point. Obviously, this doesn't change the fact that "devbuyback" has made a debut and exposed the upper limit he was prepared to bid.

                    Reasons given by eBay for cancellation:

                    The listing in which you were a bidding participant:

                    180170726009 - 11,000 Annual Sunterra SunOptions Points Gold Crown

                    has been ended by eBay. Since the listing was ended by eBay, for the transaction itself is null and void.

                    1st Choice - We ended the listing due to bidding activity that took place without the authorization of the owner of one of the accounts that bid on the listing. We have ended the listing to maintain the integrity of the eBay site and the bidder?s account that was accessed. We are working to restore the bidding account to its rightful owner, and we are working with the account owner to prevent any additional unauthorized activity.
                    or
                    2nd Choice - Due to privacy concerns, we cannot disclose the exact reason the listing itself was ended. However, we can inform you that we did not take any action on the seller's account for this listing.

                    ADD to either choice: As a result, we have informed the seller that they may relist their item if they wish to do so. Please feel free to re-bid on this item under the new item number.
                    Thanks for sharing this. No matter what the situation, it was good to see what their ceiling was without having to personally test it!
                    ... not enough time for all the timeshares ®

                    Comment


                    • #40
                      Originally posted by v4albums View Post
                      I kept an eye on those Sunterra auctions for a while and finally took the plunge today and bid on the 21,000 points listing this evening for 4,444.00...and obviously I lost to devbuyback. Oh well.
                      Well, you're a day late, and a dollar short, looks like points will cost you 3.5X what they were at the beginning of the week.
                      ... not enough time for all the timeshares ®

                      Comment


                      • #41
                        Originally posted by Carolinian
                        Hapimag, the worlds oldest timeshare operator and a points-based mini-system from the beginning, has ALWAYS bought back its points, and at about 80% of the current price, not 25%. The only catch was that the member had to hold the points 3 or 4 years before the buyback provision kicked in.

                        Developer buyback may be new for Sunterra, but not for timesharing as a whole.
                        So now we see there are two points programs with developer buybacks. Do you know of any fixed week deeded programs (your favorites) that offer buybacks?? I thought that perhaps Quintus did at Hanalei Bay Resort, but I was corrected. That was the only one I was aware of.
                        “Maybe you shouldn't dress like that.”

                        “This is a blouse and skirt. I don't know what you're talking about.”

                        “You shouldn't wear that body.”

                        Comment


                        • #42
                          Originally posted by Spence
                          Thanks for sharing this. No matter what the situation, it was good to see what their ceiling was without having to personally test it!
                          I am a little new to eBay - what does the voiding of the auction mean? Did the devbuyback pullout? is he a con? what?

                          also, from above post does it seem this devbuyback is NOT DRI ?
                          EMAIL me if you wish, do NOT PM

                          Comment


                          • #43
                            Originally posted by winger
                            I am a little new to eBay - what does the voiding of the auction mean? Did the devbuyback pullout? is he a con? what?

                            also, from above post does it seem this devbuyback is NOT DRI ?

                            No, devbuyback is runner up in that one. The winner is another person.

                            Consider the seller is 0 rated, it does kind of fishy. If I like to guess in the dark side, I will assume the winner is shilling bidder, then they want to back out, and the seller is the one behind that. Of course, it could be like eBay say, it just an honest mistake, and eBay cancelled it.

                            The only person that get hit is the devbuyback, since his(her) limit is being exposed.

                            Jya-Ning
                            Jya-Ning

                            Comment


                            • #44
                              Originally posted by winger
                              I am a little new to eBay - what does the voiding of the auction mean? Did the devbuyback pullout? is he a con? what?

                              also, from above post does it seem this devbuyback is NOT DRI ?
                              No, the cancellation does not imply anything about "devbuyback". In this auction "devbuyback" was beatten by another bidder and eBay appears to have reacted to a problem with the winning bidders account by cancelling the auction.

                              Comment


                              • #45
                                Originally posted by somerville View Post
                                Maybe time for those that bought cheap points to cash out!
                                Unless they bought it any does not like the product. Otherwise, think about the MF/SA cost. Unless they can manage to rent out and cover it, it will soon turn these cheap points to costly one.

                                Besides, the company was in great disaster before, doubtful there are enough people can forsee a new owner willing to put these money. I don't believe any existing owner really depends on a move like this.

                                Although there are different methods to make some quick money if one sure this is what happen, since they control all the transfer process, they can easily wipe you out. And I will assume they will try to close out all the loose end.

                                Jya-Ning
                                Jya-Ning

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