Right now, we currently have 20 units left, we are looking for owners to upgrade so we can finish selling them and begin expanding!
You guys are in luck. There are 2 biennial odd weeks on ebay right now that haven't sold for $5 including all closing cost and 2013 usage and a $100 or $200 prepaid Visa that haven't sold after having been listed at several times over the last 2 months. None of the Williamsburg counties have deeds online and I don't live close so I can't verify anything you have said. I doubt you have seen the deeds either.
I can look online at Horry County for the myrtle Beach and although the consideration when Westgate sells is in the $13,000-$40,000 range in general the consideration when Westgate takes back (and not due to an upgrade when the owner puts out even more money) is usually no consideration listed or in a few cases less than $1000. hmmm
Does Westgate put any buyback guarantees in their contract, maybe even at 40 or 50%? Of course not, and if it is not in the contract it isn't so regardless of how many times the salesperson said it is so.
This is a common mistake with owners.
- why sell when you can rent it (your WG concierge can do it for you at no extra cost and you get 100% of the rent).
You (my concierge) could try to rent out my floating week 1-9 but you would never be able to cover my MF's. Heck you could even try to rent my week 26 but I doubt you would get enough to cover my MF's. And now that you have your sale you, like every other concierge will not take my calls and despite your promises are no where to be found because you make your money selling not renting out units (competing with Westgate) to which you make $0 because you are giving back 100% to the owner.
and look by the way I can stay in a 2 br at Westgate Williamsburg in May through II getaway week:
May 02 2014 - May 09 2014
2 6 6 $397.00 $372.00 $347.00
I wonder how much my concierge could get for my week which I pay $700 or so in MF's.
- those people who charge you to sell it take your deed and basically use them for getaways with II/RCI.
(cheap getaways like to your resort?)
No some of those people are the people trying to sell it on ebay for $5 and after several months when they can not they deed it to a viking ship llc and let it die a slow death until Westgate can unravel the messy deed with no real owner and raise MF's to the other owners to cover the recovery expenses and non payment of MF's issues.
Your resort may be listed as a premier resort with II, because westgate does deposit a lot of unit and makes II a fair amount of money. There are a lot of nice resorts that are gold crown and premier in Williamsburg and your resort is very close to the bottom of the list from best to worst. I accepted a diamond Greensprings 4th of July week last year because I had a week that was going to expire, but I wouldn't even want to pay and exchange fee on an AC to stay during peak season in Williamsburg at the Westgate resort. Out of about 12 Williamsburg resorts, just from driving past the place, the reviews, and the II descriptions I would rate it in the bottom 4 or 5.
As expressed earlier, if you put it up for less than what you paid for it, call your concierge and they'll initiate the buyback.
You(the concierge) don't have any authority to initiate a buyback except to maybe start a file that goes into the circular file that the real people with authority to initiate a buyback would place it in.
...and by the way, I don't think you are lying. You seem to believe what you say but that doesn't make it true.