Am I being ghosted because of lowball offer?

[Tacoma]

So there is this timeshare for sale on Redweek that I want. However because it's a full service listing there are lots of what I would call junk fees. I think it's $700 for fees and then the resort transfer fees that are also over $600. So I sent in a lowball offer early this week and heard nothing. SO I enquired again on Friday and still have heard nothing. Aren't they obligated to tell their client they got an offer even if it's a lowball? I already own at this resort and think I got it for free and paid the transfer fees of less than $300 so it's difficult for me to seriously over pay even though I want the week.

 

[dioxide45]

I would have thought under a full service listing that they would be required to pass the offer on to the seller. It is possible that they simply haven't heard back from the seller yet.

 

[VacationForever]

Redweek is very slow. Probably not ghosted because of lowball offer, but rather, due to slackers working in Redweek.

 

[Sugarcubesea]

So there is this timeshare for sale on Redweek that I want. However because it's a full service listing there are lots of what I would call junk fees. I think it's $700 for fees and then the resort transfer fees that are also over $600. So I sent in a lowball offer early this week and heard nothing. SO I enquired again on Friday and still have heard nothing. Aren't they obligated to tell their client they got an offer even if it's a lowball? I already own at this resort and think I got it for free and paid the transfer fees of less than $300 so it's difficult for me to seriously over pay even though I want the week.

@Tacoma , I made an offer on a Redweek - Full Service Listing over 8 months ago and I'm still waiting on a response in the meantime I was able to get the TS I wanted elsewhere, I would never put one of my weeks for sale on Redweek - Full Service Listing as I can see thru my own experience that they do not get back to a legitimate buyer....

 

[rickandcindy23]

@Tacoma , I made an offer on a Redweek - Full Service Listing over 8 months ago and I'm still waiting on a response in the meantime I was able to get the TS I wanted elsewhere, I would never put one of my weeks for sale on Redweek - Full Service Listing as I can see thru my own experience that they do not get back to a legitimate buyer....

I am making an attempt to purchase a week through RW. We will see how it goes.

 

[CalGalTraveler]

FWIW, when I sold a deed that had about $6k resale value, I did not provide a response to low-ball offers. Why spend energy on a buyer who is wasting my time?

If they are truly interested they will follow up with a higher offer when they come to their senses as to what it's worth. Or they walk away and I haven't wasted a minute of my time.

I sold the deed at a fair price to a buyer that was not trying to low-ball.

I tried to sell using Full Service on RW about 7 years ago. They would take a week or more to get me messages. By that time the buyer was cold. Never again. RW DIY is a better alternative.

 

[davidvel]

I concur with the comments that RW is slow, slow, slow. Every email communication had a lag of 5 days to over a week.

 

[AJtraveltime]

So there is this timeshare for sale on Redweek that I want. However because it's a full service listing there are lots of what I would call junk fees. I think it's $700 for fees and then the resort transfer fees that are also over $600. So I sent in a lowball offer early this week and heard nothing. SO I enquired again on Friday and still have heard nothing. Aren't they obligated to tell their client they got an offer even if it's a lowball? I already own at this resort and think I got it for free and paid the transfer fees of less than $300 so it's difficult for me to seriously over pay even though I want the week.

under normal real estate practices, they are required to present offer to sellers. They are under no obligation to respond to you, and may not if your offer offended them. Or could be just slow process as others have mentioned

 

[Tacoma]

I get that the seller may not want to respond to me but I still think Redweek has a responsibility to tell me what is happening. THis will influence whether I keep paying to be a member of Redweek.

 

[bnoble]

They don’t. I don’t see the point of taking that personally, but that’s just me.

 

[Fido Chuckwagon]

I bought a resale week through Redweek recently. I suspect others are right and it’s slowness/incompetence and not intentionally ghosting you. You can always follow up with an email indicating that you haven’t heard back and are going to assume the offer is denied and move on unless they telll you otherwise if you want.

 

[jwalk03]

I will add to the chorus of how painfully slow Redweek is! They take forever to do anything. Like a simple yes/no question by email is a guaranteed 2-3 days response at a minimum. They are a terrible middle-man to work with!!

 

[CalGalTraveler]

Agree with @Fido Chuckwagon wagon.

You can write RW and ask if it was sent to the seller. It would be in their best interest commission-wise to try to make a deal. But sadly they do not seem to care.

 

[Tacoma]

So Redweek did get back to me to say they had a higher offer. I have increased my bid but will likely have to let this one go. Problem is I own here and the room is probably the best one in the resort.

 

[montygz]

So Redweek did get back to me to say they had a higher offer. I have increased my bid but will likely have to let this one go. Problem is I own here and the room is probably the best one in the resort.

When you make low-ball offers you should expect a low-ball success rate.

The low-ball strategy can work if you aren't picky, have plenty of patience and have no problem moving on to the next deal.

 

[4TimeAway]

So Redweek did get back to me to say they had a higher offer. I have increased my bid but will likely have to let this one go. Problem is I own here and the room is probably the best one in the resort.

When you say lowball? Like 20% below asking or like 20% of asking...

My only issue with Resale is TUG has made we want to buy at the lowest price, but realize in many cases we are paying like 1%-20% of original price. This may be even below what the week is actually worth.

Some of these places go for $300/night, but MFs are $150/night and we are "afraid" to spend a couple thousand dollars for something we want.

Mostly I'm saying there is a point where the deal is good even if not perfect, nor free, and you might even "overpay" relative to rofr.net, but honesly if its 80% less than Retail, does it really matter?

If you want it buy it. If it is the best week, the best room and the best location for you.... Seems like you just pay more.

 

[CalGalTraveler]

When you say lowball? Like 20% below asking or like 20% of asking...

My only issue with Resale is TUG has made we want to buy at the lowest price, but realize in many cases we are paying like 1%-20% of original price. This may be even below what the week is actually worth.

Some of these places go for $300/night, but MFs are $150/night and we are "afraid" to spend a couple thousand dollars for something we want.

Mostly I'm saying there is a point where the deal is good even if not perfect, nor free, and you might even "overpay" relative to rofr.net, but honesly if its 80% less than Retail, does it really matter?

If you want it buy it. If it is the best week, the best room and the best location for you.... Seems like you just pay more.

+1 Love the statement, "there is a point where the deal is good even if not perfect and you might even "overpay" relative to rofr.net..."

"Good enough, not perfect" price is the best characterization of my resale purchases. If always waited for unicorns I would not now own many of the units that I have been enjoying over the past 5 years. You also need to factor that unicorns often realize falling knives from multiple offers when that unicorn deed became available and could not buy it because I did not see it in time to respond.

What is missing in Tuggers calculations is an opportunity cost for savings lost (and vacation/memories lost) vs. renting because you were searching for a unicorn. This cost could also include your time for searching for that perfect deal daily. What is your time worth?

rofr.net is biased toward the rock bottom price - frequently unicorns for braggarts and expert Tuggers who are proud of their catch. One of my pet peeves is that Tuggers are using rofr.net as as the only reference of what is fair. There is a resale market distribution above those prices that is not reported on rofr.net.

In many ways Tuggers are creating a race to the bottom for the market because of bias toward rock bottom. 4TimeAway gets this right. If it is $3500 vs. $5000, 80% less than retail, and you plan to own for 20 years, does it really matter? If such a difference makes a difference to your ability to live, then you should not be buying a timeshare.

 

[bnoble]

Add me to the "good enough not perfect" chorus.

Wyndham is a good example. There are two or three properties with the lowest fee ratios in the system. There relatively few resales here, and the competition for buying them can be fierce. But, there are several properties that are only slightly more expensive, but much easier to buy because they don't attract the attention of Everybody Else.

I don't need the absolute best price on something. I just want a good price on it. That's fine. I like the dopamine rush of "a great deal" just as much if not more than the next person, but I also recognize that an extra few thousand over the course of tens years' worth of use doesn't matter at all--particularly if I get exactly what I want when I want it, rather than having to wait a year or two for a deal to come through.

 

[TolmiePeak]

In many ways Tuggers are creating a race to the bottom for the market because of bias toward rock bottom. 4TimeAway gets this right. If it is $3500 vs. $5000, 80% less than retail, and you plan to own for 20 years, does it really matter? If such a difference makes a difference to your ability to live, then you should not be buying a timeshare.

Exactly. Completely agree. Many of us can be like vultures picking over the last few bits of meat in a dying industry.

 

[Ski-Dad]

+1 Love the statement, "there is a point where the deal is good even if not perfect and you might even "overpay" relative to rofr.net..."

"Good enough, not perfect" price is the best characterization of my resale purchases. If always waited for unicorns I would not now own many of the units that I have been enjoying over the past 5 years. You also need to factor that unicorns often realize falling knives from multiple offers when that unicorn deed became available and could not buy it because I did not see it in time to respond.

What is missing in Tuggers calculations is an opportunity cost for savings lost (and vacation/memories lost) vs. renting because you were searching for a unicorn. This cost could also include your time for searching for that perfect deal daily. What is your time worth?

rofr.net is biased toward the rock bottom price - frequently unicorns for braggarts and expert Tuggers who are proud of their catch. One of my pet peeves is that Tuggers are using rofr.net as as the only reference of what is fair. There is a resale market distribution above those prices that is not reported on rofr.net.

In many ways Tuggers are creating a race to the bottom for the market because of bias toward rock bottom. 4TimeAway gets this right. If it is $3500 vs. $5000, 80% less than retail, and you plan to own for 20 years, does it really matter? If such a difference makes a difference to your ability to live, then you should not be buying a timeshare.

Aside from rofr.net and Tug Marketplace, there are no other sources of empirical data setting out fair market value. Fair market value is not the asking prices reflected on Redweek and other sites, such as someone on Redweek asking $8K for a 2 bedroom MGV. But I do agree that ROFR.net likely reflects the low point in the market. It serves its intended purpose to provide an estimate of the price point that MVC will step and purchase.

 

[Ski-Dad]

I was ghosted this week on a lowball offer to a unit EOYO listed on Tug Marketplace. It was likely worth the asking price except that the seller had already used the 2025 so the first use was 2027. I offered less. I received no reply. The ad was taken down within a day.

If I am selling anything, I reply politely to all offers, even if it is simple no. Sometimes the low ballers return with market offers. I block spammers.

 

[VacationForever]

I was ghosted this week on a lowball offer to a unit EOYO listed on Tug Marketplace. It was likely worth the asking price except that the seller had already used the 2025 so the first use was 2027. I offered less. I received no reply. The ad was taken down within a day.

If I am selling anything, I reply politely to all offers, even if it is simple no. Sometimes the low ballers return with market offers. I block spammers.

Probably sold and didn't take it down before.

 

[Ski-Dad]

Probably sold and didn't take it down before.

That's what I figured, but a polite reply indicating the same would be appropriate, or at least that is what I would have done.

 

[bnoble]

Aside from rofr.net and Tug Marketplace, there are no other sources of empirical data setting out fair market value.

ROFR is a little iffy, because people with "not great deals" tend not to report them for a variety of reasons. The TUG marketplace might have the same problem as Redweek---those are asking prices, and I don't *think* we get to know the final sales prices, but I admit I haven't been paying much attention.

 

[Ski-Dad]

Searching eBay for SOLD listings is also a reasonable source of market information.