Interesting WKORVN transaction on eBay

[thinze3]

Here is an eBay transaction of a WKORVN timeshare that took place last night. I had been watching this auction because of its low price and actually emailed the seller about it. I ask the typical questions, "would you have a problem using Resort Closings Inc, what view do you own, what week do you have booked," etc...

The seller responded back to me about three hours before the auction ended with an email stating, "Every Even Year North Villas Ocean View 2 and 2 which can be used as 1 and 1 every year...Star option of 148,000 points...First usage is this year !!! Maintenance already paid for 2008 ($846)...This is a Lockoff unit with a floating week 40
Of course you can use Resort Closings,Inc!!!!"

About 30 minutes before the auction close, the bid amount was just over $10,000. I was trying to justify bidding on the property. Hmm... split the unit, rent the studio for just about enough money to pay the annual fees ($1700), deposit the 1BR and get an AC and a great trade, end up with a free week EOY, yada yada yada.

Anyway the price of the unit more than doubled in the last 12 minutes! Now, going back and reading the listing again, it makes me wonder if the buyer even knows that he purchased an EOY timeshare.?.?

Probably not, at that price.

 

[nell]

I believe he kind of told you incorrect information. I know with WKORV, the only way you can use an EOY 2 bdrm every year is to deposit one side with II. That would mean you would be back the next year as a trader and having lost your owner view. That does seem like a high price for an EOY. Also remember with II, Starwood picks your deposit for you for the most part and you will NOT receive an AC from II for the deposit. I'm pretty certain it's the same for WKORVN.

Jonelle

It seems that this is someone who never understood the system. He also states that you have the ability to convert to Starpoints which we know is incorrect.

 

[jlee2070]

Maybe the lister is saying he owns 2 weeks every other year and then you can use one unit each year? But it would still need to be through II...

 

[cindi]

I was watching that one too. One thing that bothered me was the seller still owned money on the timeshare. I figured if it didn't go high enough, they would have to back out of the deal.

 

[DavidnRobin]

Of course - I was also watching this - and also contacted the seller. They informed me of the details (EOY even, OV). I told him about the inaccuracies of their auction - they did not bother to modify the auction.
DANGER! This auction will never go through unless the buyer is totally clueless.

 

[cindi]

Of course - I was also watching this - and also contacted the seller. They informed me of the details (EOY even, OV). I told him about the inaccuracies of their auction - they did not bother to modify the auction.
DANGER! This auction will never go through unless the buyer is totally clueless.

I really do think the seller is clueless from the responses I got to my questions. The last comment I got from them was they were hoping to get $25,000 for the week. They never did tell me how much they still owed.

 

[jkrischt]

I too e-mailed the owner and when I was told it was a EOY, I immediantly wonder if the final bidder would know that...

Based on the final price, I'm guess they did not!