- Joined
- Jul 16, 2010
- Messages
- 10,838
- Reaction score
- 7,089
- Points
- 749
- Location
- The Weirs, New Hampshire
- Resorts Owned
- Innseason Pollard Brook
So - still a mystery
They are also not transferring any unsold units to viking ships.
They are also not transferring any unsold units to viking ships.
If the name remains in the original owners name, no reason for a Viking Ship. I would imagine after a year or so they would need to transfer it to something and while maybe not the direct Viking ship it's got to be something. Even the really terrible mid atlantic beach winter weeks never sit online for more than 8 months and I know they aren't finding an individual buyer even at $29 all transfer fees paid.
I believe they work with at least one or more pay $x.xx and we will transfer it out of your name. Perhaps that company pays Sumday a marketing fee. So Sumday is never the owner on record.
I'm not sure how you can assume this. What else would they be doing with them?
If it goes unsold for x amount of time I think it get's kicked back to whatever company it came from.
I thought maybe I was missing something. Guess not! The bottom line is that I really don't care unless something goes awry. But the manager at our resort said that the only dealing she'd had with these folks was on the selling end. One of the owners went to a meeting at another resort, was told that they could "trade" their week for a new one, and then the week was in limbo. The owner thought they'd sold it, and so didn't pay MF's....but they hadn't sold it. The week ended up being foreclosed upon, which of course is not good for the resort. Like I said, my resort is small enough to feel like family, we've owned there quite awhile, and I don't want to do anything that would be harmful to them. Hence my questions!
The only problem I see in that logic is why would a company (that collects these timeshares) - pay another company to sell them? Why wouldn't they sell them themselves?
Because getting rid of the timeshare is the hard part and Sumday is very, very good at it. Anyone can convince someone to get rid of their timeshare. Actually doing it is more difficult.
Sunday does get some inventory from timeshares that are traded in. Maybe even most of their inventory. In a sales presentation a prospective buyer will be lured to buy under the condition that they can sell their existing timeshare for x. The new deal provides plenty of room to offload the trade in for less than zero. Sumday wouldn't be connected to the deal. They are just the service used to move the traded in timeshare. The sales operation doesn't care about trying to sell a $30 timeshare. They are too busy making deals for $10k-$20k.
There aren't many legal and reputable mass sellers out there. Sumday provides a very needed service.[/QUOTE
So the resorts that obtained the trade in pay Sumday a commission to sell them? Sumday is good at what? Listing them on a website?
So the resorts that obtained the trade in pay Sumday a commission to sell them? Sumday is good at what? Listing them on a website?
Sumday doesn't sell the timeshare and they are not a listing service. They are a full service broker and transfer company. It is a very big operation. http://sumdayvacations.com/timeshare-transfer/about-us-2/
I wouldn't know the nature of how they get paid but I would guess it's a fixed fee. The legal seller is the current owner, not Sumday and not the company that took the trade-in.
Transferring a timeshare involves more than listing on a website. It's easy for an owner to do if they know what to do but for a large operation it takes alot of coordination. They could have hundreds of transfers happening at once. That's why they have so many employees and that may not even include all the employees at the closing company.
Well, I know that but it looks like they are "selling" to me. Otherwise their website would be a lot different. It lists timeshares for sale and you can put them in your cart.
In my case which the acquisition was through Time Share Nation - not Sumday- Timeshare Nation advertises the timeshares and you sign the Purchase Agreement and THEN it goes to a broker/transfer co. (in my case, this was Duncan Realty). Timeshare Nation supposedly gets the timeshares from Time Share Equity service ( a trade-in co) which gets them from a resort that took the timeshare in a trade-in. Yikes!
So, I know I can be dense, but are you saying an individual owner is paying Sumday to market the timeshare or is the trade-in company paying? I would assume the trade-in company pays them to get rid of it. The trade in company made their more money than they need on the new sale anyway..... Am I understanding this correctly?
I brought and paid via the WEB site for a week. I was looking thru and saw something that I knew was nice, but the very next ad was a GREAT unit. I checked with the resort to be sure it matched up to the other weeks I own there.
And I got back and immediately pay for MY week! And the website takes the ad down ... it is SOLD to me.
I get the welcome email and the welcome paperwork is processing.
Great .. now days later and 5 minutes before they close for the weekend ... email ... so sorry, we made a mistake, your week is NOT AVAILABLE but you can have the less unit!
I call in and my agent is on the phone... I tell the receptionist, I need to talk to her and will call back in 3 minutes.
Now I get VOICE MAIL as the office is closed for the Weekend... email her 3 times and last email, said I was posting to TUG!
Let me see. ... YOU pay the website and unit gets taken off.
Now there is a problem and they want me to accept the LESSER UNIT but the lesser still available on the WEBSITE ... really GOOD PLAN ....
Someone else going to pay and get shafted OR am I doing to get shafted a 2nd time?
Come on .. who is controlling the inventory??? The fancy online buying system or individuals who allow the computer to sell one thing and days later, they try to swap it for a less item???
I am unhappy ... I brought it and you all had several days to uncover the find an problem ... NOW I have a problem and it is the WEEKEND ...???
So, I have posted on TUG ... and after the weekend this is psot can't get edited ...
I want the unit advertised and that was the one I paid for DAYS AGO......simply, no bait and switch.
Wow, Linda! See- this is what I am talking about! Who is the "seller" here? More than just the broker/transfer agent! Definitely involved in the selling process. Geez- I hope this works out for you. Keep us posted.
THIS ITEM IS ALSO ADVERTISED ON OUR WEBSITE AND LOCALLY, THEREFORE THE AUCTION MAY BE ENDED AT ANY POINT DUE TO A SALE OUTSIDE OF EBAY. IF THE EBAY AUCTION IS IN THE LAST 12 HOURS IT CANNOT BE ENDED DUE TO EBAY POLICY, BUT THE HIGH BIDDER WILL BE NOTIFIED THAT THE ITEM IS NO LONGER AVAILABLE.