Does anyone know how reselling with Pinnacle Vacations works?

[raykel]

My understanding is that if I want to sell my Bluegreen timeshare, I could pay a fee to list it with Pinnacle Vacations and sell it with Charter Benefits. This would mean I could list it at a higher cost (as in higher than the basically free one that I could get on eBay.) So, in this case, could someone actually make money on a Bluegreen timeshare if it was paid off? I know this would take longer, but I am wondering if there would be an additional commission percentage taken by Pinnacle when selling with Charter Benefits as compared to selling without benefits. And do they impose a minimum price per point when selling this way? I would love to hear if anyone has had experience selling this way.

Thanks,
Ray

 

[Fido Chuckwagon]

My understanding is that if I want to sell my Bluegreen timeshare, I could pay a fee to list it with Pinnacle Vacations and sell it with Charter Benefits. This would mean I could list it at a higher cost (as in higher than the basically free one that I could get on eBay.) So, in this case, could someone actually make money on a Bluegreen timeshare if it was paid off? I know this would take longer, but I am wondering if there would be an additional commission percentage taken by Pinnacle when selling with Charter Benefits as compared to selling without benefits. And do they impose a minimum price per point when selling this way? I would love to hear if anyone has had experience selling this way.

Thanks,
Ray

If you got it for free on eBay you’re not going to be able to sell it for not free. Do you think it has increased in value since you bought it? Upfront fee timeshare listing companies are all scams.

 

[Passepartout]

So, in this case, could someone actually make money on a Bluegreen timeshare if it was paid off?

Not in your wildest dream. If it were possible- or even likely, don't you think corporate would be doing it?

 

[raykel]

I guess I forgot to clarify that I would be selling a deed that was bought retail. So, I am curious about how sales through Pinnacle Vacations work for a buyer and seller. My understanding is that they are the only authorized company that sells deeds with Charter Benefits other than directly from Bluegreen. Do they function as a Bluegreen Sales team that sells Bluegreen retail deeds and also offers non-charter listings on the side? Or do they facilitate the reselling of deeds that include Charter Benefits?

 

[Passepartout]

I guess I forgot to clarify that I would be selling a deed that was bought retail. So, I am curious about how sales through Pinnacle Vacations work for a buyer and seller. My understanding is that they are the only authorized company that sells deeds with Charter Benefits other than directly from Bluegreen. Do they function as a Bluegreen Sales team that sells Bluegreen retail deeds and also offers non-charter listings on the side? Or do they facilitate the reselling of deeds that include Charter Benefits?

Do they want upfront money before whatever they offer what you owned for sale? If they take their commission out of the sale proceeds, and you're off the hook for MFs and fees, it might be a worthy way to divest, but if you either have to pay them upfront, or keep up MFs while they have it listed, it would be your clue to reconsider.

I'm skeptical.

 

[Ski-Dad]

@raykel Please clarify: Do you own this already? OR are you looking to buy and sell ("flip")?

If anyone is asking you for upfront money, its a scam. I would bet my home on it.

 

[pedro47]

The OP, claimed they own Bluegreen and Worldmark.

 

[VacationForever]

No way no how. Bluegreen is worth $0 in the resale market. Even if it comes with some retail/developer benefits, you may get a few dollars over $0.

 

[Fido Chuckwagon]

Any timeshare resale business that operates on a model of charging an upfront fee is a scam. If they could really sell your timeshare for actual money they would just take a commission off the backend.

 

[gravityrules]

Suggest OP and commenters review this:

Pinnacle Vacations - Florida's leading timeshare resort resale specialists

Pinnacle Vacations helps timeshare owners sell their vacation ownerships to interested buyers. We specialize in offering timeshare resales in popular locations, with timeshare interests for sale at over 300 resort properties.

www.pinnaclevacations.com

Pinnacle has a long running relationship with BG, you can see they are the only 'authorized reseller' of BG. But it is also stated that BG ownerships purchased below 'retail' (as determined by BG) are not given Charter Benefits.

OP is asking a question very specific to BG and that relationship with Pinnacle.
For all I know Pinnacle may not even be an entity independent of BG. Boilerplate answers, even if directionally correct, are not that helpful in addressing OP's question.

 

[dioxide45]

You would probably be better asking this in the Bluegreen Vacations forum here on TUG. BG has also been very active with ROFR, so there may be some value there depending on what you own. Still nothing close to what you paid for it. Perhaps @GrayFal can weigh in on your question.

 

[TUGBrian]

listings do sell for more on pinnacle because they retain the developer benefits when sold.

however pinnacle also charges a hefty commission, which would eat into your profit...if any.

 

[GrayFal]

Pinnacle charges a listing fee plus a minimum of $2000 commission on a sale plus $775? Closing fee.. In the past, I have purchased non charter points from/thru Pinnacle when they had specific deeds/priority use period/PUPs that I wanted at La Cabana.
At that time, there would be situations where the purchase price the buyer paid did not cover the commission/closing costs and the seller would end up paying the difference. My last purchase thru them must be 6-7 years ago.

Contracts with charter benefits would be extremely hard to sell unless they had a highly desirable PUP ( think summer cabin at Big Cedar, Big Sky, winter La Cabana, Hammocks at Marathon) Back then, there was a specific threshold/price per point that must be charged but it was still lower than what BG was charging retail direct. Also remember BG approach to selling is "points are points" and only a savvy buyer understands the value and meaning of a good PUP. ( your right to book that underlying time at 13-11 months out before it is released to all BG owner reservations at 11 months)

BG has aggressively been exercising ROFR x 2 years. (Think inventory needed for Hilton purchase)
There are still listings for $0 on ebay and people giving contracts away for $0 but it is highly unlikely it will go to the buyer.
Resale listings of $0.33, $0.51 and even $1.01 have been taken by BG thru ROFR the past 18 months but some have gone to the buyer at those same prices. You just don't know. But comparing it to someone who posted here in the last few days that they were offered 4,000 points fur $12,000 resale is a great deal even at $1,00 per point.

@raykel Yes, there is a minimum price per point to sell with charter benefits. You can check the Pinnacle website or call them and ask. There would be a listing fee, minimum commission to sell and close ( used to be $2000 plus 775) plus a percentage of sale.

In 15 plus years of ownership, I have never met or heard of anyone buying or selling points on Pinnacle with charter benefits. And I belong to many Facebook groups with many thousands of owners. For 10 years I would regularly check their la cabana listings and the ones with charter benefits just sat there year after year while the other contracts sold.

In theory, you could sell with charter benefits and make back what you paid retail if you have been an owner for 15-20 years when price per point was much lower but it is highly unlikely.