Is anyone actually selling a timeshare in this economy?

[Jya-Ning]

Originally Posted by lefty_thrower

Hi, could someone tell me roughly what Wyndham points are going for now? I am wanting to sell mine, but just don't see it anywhere near possible, and get what I owe for payoff. Thanks.

Read this thread
http://www.timeshareforums.com/forum...ete-price.html (FF FSP point contract eBay Complete price)

You can also look at eBay's recent completed list after you get to the buy timeshare and search the Wyndham and when it lists all the Timeshare, click on the lower left "completed list" and search again, it will give you about 3 week's data.

Now is not a good time to sell. And with only 3 years ownership, you will not be able to get your mortgage back.

Can you vacation, or is the bad economic get you into need preserve cash status? If you can vacation, and like it, deposit your point to RCI as 28k, and try to use them on places there are a lot of resorts.

If you are need to preserve cash just because you are scare of the economic situation, then you need to rent out all your points or on put them on credit pool to wait till you get better.

If you are in bad financial situation, you will need to talk to Wyndham to renegotiate your contract.

Good luck

Jya-Ning

[buff]

I had no intention on buying anymore timeshares but I did pick up a Playa Del Sol Nuevo Vallarta 2bedroom float 1 -52 just to join SFX.last week I go to Mexico every summer and the purchase would allow me to get into the Grand Mayan as often as I like.

The maintence fees for 2008 were around 450 so its not that painful plus the 159 exchange fee.

The price was around 650 around 1275 in total with fees.

Losing 350.000 in the market is killing me but with myself and my wife both working im not altering my lifestyle too much

[bnoble]

Depends on MFs and which resort, but at most 2-3 cents per point (for really low MFs or a really high-demand, new resort with low resale supply), and probably less than 1 cent.

just don't see it anywhere near possible, and get what I owe for payoff

If you haven't paid off your loan, you'll absolutely sell it at a steep loss. No question.

[JLB]

I sold one resale a couple weeks ago, at a profit.

But, here in God's Country, generally speaking, nothing is selling retail. Not lots, boat slips, houses, condos, timeshares. Nothing.

[1950bing]

For the most part it is hard to sell in any type of economy. There are always thousands and thousands up for sell.

[tennisWalt]

KBC salesperson seemed to be very busy. I don't know if they were making sales.

7000 points quote to me....... $33,000.....One time offer $19,000.

However, this what I saw on Ebay. Bidding has ended.

The Point at Poipu .......Starting Bid $599...........NO Bids
2 Bedroom Odd Years

Kona Coast Resort II ........Starting Bid $299........NO Bids
1 Bedroom Every Year

Wyndham Mauna Loa Village.....Starting Bid $299.......NO Bids
1 Bedroom Every Year

Ka'anapali Beach Club............Sold for $167.50.........2 Bids
1 Bedroom Even Years Ocean View.

[Gil]

Currently checked into Hill Country Resort in Texas - all kinds of sales activity on Sat and Sun - retail type - went to the RCI breakfast in the Welcome building on Monday morning - and still remaining 'on the board' were the 15 names - Mr & Mrs..etc. - NEW OWNERS on 1/25/2009 - and most were young parents with multi kids in tow...... SAD !!!

[rikkis_playpen]

I'm normally very quiet on this issue, but I just wanted to provide a gentle reminder that while it is absolutely true that many of these new buyers would be better served buying resale- I personally want the developers to continue having great success with new sales!

Without continuing developer sales, many timeshare programs that we take advantage of would be stagnant at best- and many could possibly cease to exist at all.. As a timeshare owner- I want new resorts to continue to be developed! So ring that bell and pop those balloons!

For those consumers savvy enough to investigate resale opportunities, you get and deserve my sincere congratulations and welcome- but those consumers that simply buy directly from the developer will always get my thanks!

[idahodude]

I did recently buy one on E-bay, got a great deal for a summer week in MN.

[SonofaBeach]

"Without continuing developer sales, many timeshare programs that we take advantage of would be stagnant at best- and many could possibly cease to exist at all.. As a timeshare owner- I want new resorts to continue to be developed! So ring that bell and pop those balloons!"


I agree with Rikkis. We need the newbies to buy retail. The resorts would not be built otherwise. That being said, we were lucky to sell our week in Grand Cayman fro $1,500 that we purchased for $13,000 13 years before. Considering the trips we took, we did alright. We had 13 great vacations in two and three bedroom units. The kids had space to spread out Sure was a lot better than a Holiday Inn. We used the $1,500 to buy two units on the resale market and now we have 105,000 annual RCI points and a lower MF.

I feel like we helped the industry with the first purchase and helped ourselves with the second one.