Alright, I know there has been some discussion about these guys. In fact, Cindy had a comment recently. Any recommendations? Thanks
This is basically my view, as well. I mentioned to my sister I had bought from this sort of operation, and she was shocked. However, I figure that my passing up their deals isn't likely to hurt these operations much. On the last timeshare I bought this way, I paid $51, and the second-highest bidder bid $50. So, if I hadn't bid, Vacation Innovations would have been out one buck -- not much compared to the thousands they were probably paid to take the timeshare in the first place....I dislike "pay to take it" as an option for owners, but some people seem to refuse to do their research and I guess they serve a purpose, but once something is transferred that way, I might as well get the bargain is my viewpoint....
I followed their link from a recent ebay auction, and according to the information, they say they actually buy timeshares from people. It didn't appear to be a situation of paying them to take it off one's hands.
Marty
I followed their link from a recent ebay auction, and according to the information, they say they actually buy timeshares from people. It didn't appear to be a situation of paying them to take it off one's hands.
Marty
rickandcindy23:
The link that I was talking about was on an auction by tochoa25 and led to a website called sellmeyourtimeshare.com. This has an ad that says they buy your timeshare, claiming they pay cash for all timeshares. Is that just a line they're trying to feed people and it ends up costing a person for them to take a timeshare? If that's the case, that's just not right.
Marty:annoyed:
It seems to me that eventually the numbrs will catch up to them. Sure they can unload the good weeks and even marginal ones but I see a lot that go with no bids. They will get stuck for a lot of maintenance fees if they can't sell in the current year. Asking for reimbursement of these fees typically more than doubles the price and since the week didn't sell for $1 +399 for closing it isn't likely to move for $1+399+595.
Marty, some of the timeshares on eBay are owners who want to sell, so Ochoas run the auctions and give the owners a percentage of what is made. One TUGger was considering the sale of his Marriott Kauai Beach this way, through Thomas. He contacted me to see if I was interested in listing his on eBay, or if I wanted to purchase the week, but I have no experience. That is certainly a better business model.
Thomas worked for VINinc for a very long time. I am pretty sure his email address was still VINinc a few months ago, too. He sold the units for Timeshare Relief, had the week transferred to his name, then the week simultaneously is sold to the buyer. So you never see the former owners' names on the deeds. His name was on my deed three years ago. Some of you may say, as others have before, "If you bought from him, doesn't it make you a hypocrite to tell others not to buy?" I bought from Ochoa when he was at VINinc before I knew about TUG and before I found out about postcard companies.
I truly believe that Ochoas started their own postcard company. I don't know which one, but the business model was working, so why not duplicate it? I have postcards for about 8 different companies. These people are getting rich. A postcard costs about 24 cents to mail out. They get 15-20 people to attend the meetings at once, and about half of those people pay. This benefits the companies well, or they would stop doing it.
If you look at "tochoa25" current auctions he has an incresing amount of high end stuff. The postcard company stuff I believe was more the case with his last employers VIN. Now I speculate that they buy and get most inventory from tradeins with their new company they started a year or so ago.
It seems to me that eventually the numbrs will catch up to them. Sure they can unload the good weeks and even marginal ones but I see a lot that go with no bids. They will get stuck for a lot of maintenance fees if they can't sell in the current year.