Anyone want to outbid me?-Valdoro

[hgvcowner88]

I'm not sure if this is allowed, but I made the mistake of tipsy eBay-ing over the weekend. I bid on a Hawaii deed, two Vegas deeds, and a Valdoro (Colorado) deed. I won both the Hawaii and one of the Vegas deeds already and the Valdoro one closes in a day and I'm so so hoping I get outbid on the last one. The maintenance fees are great and all but I just didn't plan on winning this many deeds so quickly. Send help! lol.

 

[HuskerATL]

Drinking and auction bidding are a bad combination....

 

[hgvcowner88]

I've only bid on things like once before this weekend and I lost. So I expected to lose again too. Omg. I told my husband after the Vegas deed closed yesterday, "I have good news and bad news." Ahhhhh.

 

[Hobokie]

LOL! Errrr I guess you could let one go (ebay has a certain number of dings before you get cut off). Or you could message the seller and tell them you made a mistake and they can cancel your bid...

 

[escanoe]

I only bid on thing on eBay when I am 110% sure I want to.

However, real estate bids on the platform are not legally binding. If I found myself in your situation for a timeshare, I would cancel the bid or back out after it closed.

Non-binding bid policy

In most product categories on eBay, when you place a bid in an auction it's considered binding – when you win an auction, you're agreeing to complete the purchase. However, there are some categories where bids don't create a formal contract between the buyer and seller.

www.ebay.com

 

[GT75]

The maintenance fees are great

If you are looking at the 2BR Valdoro (EEY 2 intervals) for 22,400 pts ebay listing which lists MFs at $2,285,24. Those MFs are NOT correct. The correct MF for that listing should be around $3,470.40. MFs at Valdoro are billed differently (along with the different deeds). That listing doesn't include the MFs which will be due in June/July timeframe which will be around $1110.

 

[hgvcowner88]

If you are looking at the 2BR Valdoro (EEY 2 intervals) for 22,400 pts ebay listing which lists MFs at $2,285,24. Those MFs are NOT correct. The correct MF for that listing should be around $3,470.40. MFs at Valdoro are billed differently (along with the different deeds). That listing doesn't include the MFs which will be due in June/July timeframe which will be around $1110.

Well that's definitely worse. Damn. I was wondering why the MFs were so low.

 

[hgvcowner88]

I only bid on thing on eBay when I am 110% sure I want to.

However, real estate bids on the platform are not legally binding. If I found myself in your situation for a timeshare, I would cancel the bid or back out after it closed.

Non-binding bid policy

In most product categories on eBay, when you place a bid in an auction it's considered binding – when you win an auction, you're agreeing to complete the purchase. However, there are some categories where bids don't create a formal contract between the buyer and seller.

www.ebay.com

I kept bidding on things and losing. So then I was like well I'll bid on multiple listings and then I'm bound to win one. Yeah. It's working out really well for me so far. lol.

I emailed the seller (who I bought the Vegas deed from) asking to cancel my bid. We'll see what they say.

 

[callwill]

If you are looking at the 2BR Valdoro (EEY 2 intervals) for 22,400 pts ebay listing which lists MFs at $2,285,24. Those MFs are NOT correct. The correct MF for that listing should be around $3,470.40. MFs at Valdoro are billed differently (along with the different deeds). That listing doesn't include the MFs which will be due in June/July timeframe which will be around $1110.

Well, there is an easy out on that one...misinformation!

 

[hgvcowner88]

Well, there is an easy out on that one...misinformation!

TUG is so amazing!

 

[CO skier]

If you are looking at the 2BR Valdoro (EEY 2 intervals) for 22,400 pts ebay listing which lists MFs at $2,285,24. Those MFs are NOT correct. The correct MF for that listing should be around $3,470.40. MFs at Valdoro are billed differently (along with the different deeds). That listing doesn't include the MFs which will be due in June/July timeframe which will be around $1110.

Good to know. I was thinking "less than $1,300 mf for a ski week in Breck (EOY) is a killer deal, and the summer week ($1,300 mf EOY) is just a bonus." I might bid even with the crazy closing costs and Hilton garbage fees. More than $1,700 mf per week (EOY winter and summer) for a 2 bedroom, plus closing costs and garbage fees is too much for me.

I am out as a potential bidder, but I am sure there are other CO skiers who will find value and outbid the current high bid, but it might not be until the last day or last few minutes/seconds.

 

[CO skier]

Well, there is an easy out on that one...misinformation!

TUG is so amazing!

I am sure you will be outbid, which is an even easier "out".

... just do not re-bid.

 

[hgvcowner88]

Good to know. I was thinking "less than $1,300 mf for a ski week in Breck (EOY) is a killer deal, and the summer week ($1,300 mf EOY) is just a bonus." I might bid even with the crazy closing costs and Hilton garbage fees. More than $1,700 mf per week (EOY winter and summer) for a 2 bedroom, plus closing costs and garbage fees is too much for me.

I am out as a potential bidder, but I am sure there are other CO skiers who will find value and outbid the current high bid, but it might not be until the last day or last few minutes/seconds.

I know! That’s what I was thinking too. Plus even pretty good maintenance fees per point regardless. Definitely didn’t know about the summer fees. I did also send a message to the seller to confirm the maintenance fees.

 

[hgvcowner88]

I am sure you will be outbid, which is an even easier "out".

... just do not re-bid.

No more eBay for me! I’ll stick to tipsy Instacart grocery shopping instead

 

[SteelerGal]

You can retract your bid. I’ve had to do it when I missed the fine print.

 

[GT75]

Unfortunately, Valdoro has some of the highest MFs/points in the HGVC system. Wow, I would love for it to be in the order of what was listed in that eBay ad.

 

[GT75]

I did also send a message to the seller to confirm the maintenance fees.

FYI, Here are the MFs for Valdoro which were posted by @echino. Now, that listing is the MFs for only 1 interval or week. So the MFs for the ebay listing would be twice that. Also, you will notice that the post lists the OF twice (that isn't a mistake). That is because at Valdoro you pay 1/2 OF, RF & RET in January and then you pay the second half of the OF by July 1st. I am very familiar with most of Valdoro quarks because I own a 3Br platinum ski week there. You also need to be careful about buying a platinum deed at Valdoro because it has both platinum ski (winter) and platinum (summer) deeds.

Valdoro Mountain Lodge 2br

Fees are paid in two parts, one is due January 1, the other is due July 1.

2023 Operating Fee $555.18 01/01/2023
2023 Operating Fee $555.18 07/01/2023
2023 Reserve Fee $557.45 01/01/2023
2023 Real Estate Tax $67.39 01/01/2023
2023 Total $1,735.20

+$126.87 or +7.89% over 2022

 

[hgvcowner88]

Thank you all so much for both the suggestions and the information! You all totally saved me! The seller removed my bid this morning and it dropped down to $3500 and now it's back up to $4200 already! So I don't feel as bad.

 

[1Kflyerguy]

Thank you all so much for both the suggestions and the information! You all totally saved me! The seller removed my bid this morning and it dropped down to $3500 and now it's back up to $4200 already! So I don't feel as bad.

Glad that worked out for you. I have never sold a TS on eBay, but have sold quite a few other items. I have had a a fair number of people back out of auctions, sometimes in advance, and other times after they win. That seemed the most common with jewelry, got lots of "accidental bids" late at night

 

[The Colorado Kid]

HILTON VACATION CLUB VALDORO MOUNTAIN 22,4000 EVEN YEAR TIMESHARE FOR SALE!

• 20 BIDS:US $6,409.26

 

[GT75]

Those new owners aren't going to be happy when they find out in 2024 that the MFs are actually $1K higher.