Is anyone actually selling a timeshare in this economy?

[Barbara]

I see many timeshares for sale but wonder if any actually sell. Do you think it is next to impossible to sell at this time?

[BocaBum99]

Originally Posted by Barbara

I see many timeshares for sale but wonder if any actually sell. Do you think it is next to impossible to sell at this time?

This is generally the slow time of year for timeshare resales. When you add the fact that it's a bad economy and resort developers aren't driving demand by changing their sales and marketing programs and it all adds up to a bad time to sell.

That said, people are still buying certain timeshares. You just have to find someone who specializes in the timeshare you want to sell who has already has access to a group of owners of that timeshare resort.

If you want to sell your timeshare, I would wait until early next year when the selling season normally starts. Not sure how strong it will come back this coming year. Cross your fingers.

[philsfan]

I sold one, I'm trying to sell another. Even though I bought resale, I am taking a loss. I just factor that into what these timeshares saved me over what I would have had to pay for similar accomodations to what I traded into and I figure I'm still ahead.

[billymach4]

Sold my Marriott Summit Watch on ebay. Lost $500 but who cares.

[tonyg]

For the resorts I've been watching, there has been very little activity. Perhaps the prospective sellers are waiting for the economy to get better or maybe it's just a lull before year end.

[tonyg]

Originally Posted by billymach4

Sold my Marriott Summit Watch on ebay. Lost $500 but who cares.

Shoulda gone with the Rolex.

[rikkis_playpen]

As Boca stated, this is traditionally a slow time for resales, but for the year sales levels for our cooperating brokers have been pretty consistent with last year's numbers (this is the first year where there hasn't been a sizable increase- so it is definitely a challenging year for resales).....

Buyers are offering lower amounts, and Sellers are accepting lower offers than I've ever seen- so overall resale prices have dropped considerably.. There are slightly more cancellations than previous years as buyer's get cold feet or have financial setbacks, and buyers are now contacting multiple brokers for the same inventory- so individual close rates are down as there is more direct competition among agents.

All that being said- there has been a significant upswing in offers and activity since the election. Many experienced timeshare owners are taking advantage of this opportunity to expand their portfolios and getting incredible values.

[Barbara]

I am glad to see that some of you sold lately even if it was at a lower price. My fear is that I will not be able to sell at all, regardless of price.

[BocaBum99]

Originally Posted by Barbara

I am glad to see that some of you sold lately even if it was at a lower price. My fear is that I will not be able to sell at all, regardless of price.

As Rich said, my personal sales volume has been constant throughout the whole year. Even the last 2 months. There has NOT been a drought.

The biggest issue is that prices have dropped dramatically year over year.

Jim

[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.