Is it really possible to resell a fractional interest?

[rcdcowner557]

So, I have learned in the last few days that this site is a wealth of information. We no longer have a use for the fractional interest we purchased all the way back in 2008. We know the developer is dying to take it back for a host of reasons and would gladly accept it tomorrow and pay all closing costs were we to offer to quitclaim it to them. However, it actually might have some value to an actual human being. We used it extensively from 2008-2018; it was considerably better than we could do either renting or staying in a hotel for the approximately 45 days per year that we needed to be in the city where our fractional interest is located. That remains the case today, except that we no longer have a need to be in that city. After shenanigans we witnessed in the past year, we were prepared to just walk away after blowing the whistle on what we witnessed. We know this will always be an option. However, after being on this site, we now are considering actually trying to resell. Any insight from the experts on the best platform to do that would be welcome. Our interest is not a typical timeshare because it is fractional ownership in an urban destination with high MF ($23K per year). Should we hire a proper realtor? Anyone know of any who specializes in this niche? Should we list on TUG? Redweek? Again, any insight welcome, and hats off to all of you who have perfected this way of traveling. I am the target market for fractional ownership in urban destination. I need to be in certain cities for 40+ days per year; I have no interest in dealing with hassle of furnishing and maintaining a separate home in said cities; hotels just are not the same as a place where everybody knows your name and you have a kitchen (plus a whole lot more that I don't need, but beggars can't be choosers). Again, any advice welcome. Many thanks.

 

[Fido Chuckwagon]

We need more details on exactly what you own to give you advice . (What company/deceloper what it entails, what your use rights are, your exact maintenance fees, how many days/weeks a year your $23k in dues gets you, etc.). All timeshares are fractional ownerships of one kind or another (unless it’s a vacation club). The newer more expensive/upscale timeshares that market themselves as “fractional ownerships” just do that because it sounds better.

It’s possible what you have has value but I’d prepare yourself for bad news if I were you.

 

[rcdcowner557]

We need more details on exactly what you own to give you advice . (What company/deceloper what it entails, what your use rights are, your exact maintenance fees, how many days/weeks a year your $23k in dues gets you, etc.). All timeshares are fractional ownerships of one kind or another (unless it’s a vacation club). The newer more expensive/upscale timeshares that market themselves as “fractional ownerships” just do that because it sounds better.

It’s possible what you have has value but I’d prepare yourself for bad news if I were you.

I am trying to get up to speed on the etiquette here, but I don't think I am allowed to actually identify my interest in discussing possible sale lest it be considered an advertisement? You can figure it out from reviewing what I have posted on other threads. No idea if TUG Forums has that search capability, but the city is San Francisco, and the developer rhymes with Clariotte.

 

[Hindsite]

Try posting in the MVC forum.
You can say what you own and ask for advice.
Moderators may caution people to provide advice and not ask about buying as a reminder.
It's usually ok that way. If not moderators will advise and I apologise in advance

 

[vacationtime1]

Let me phrase the question as where does one list a multi-week fractional interest in a property such as the Marriott Grade Residence Club Lake Tahoe or the Marriott Ritz Carlton San Francisco? And where does one find comparable sale information?

 

[rcdcowner557]

Let me phrase the question as where does one list a multi-week fractional interest in a property such as the Marriott Grade Residence Club Lake Tahoe or the Marriott Ritz Carlton San Francisco? And where does one find comparable sale information?

Yes, what vacationtime1 said, with the qualification that the property is not the one in Lake Tahoe, but rather the one that is in San Francisco. More precisely, a truly lovely 2bedroom at 690 Market St. The MF fees are higher than they should legally be, but they still actually make sense if you find yourself needing to be in SF for intervals that are not enjoyable in a hotel, but also don't justify buying or renting a fulltime residence. Really wonderful for corporate travelers in the way many of the clubs in NYC are (like NYAC or Colony Club).

 

[easyrider]

Yes, what vacationtime1 said, with the qualification that the property is not the one in Lake Tahoe, but rather the one that is in San Francisco. More precisely, a truly lovely 2bedroom at 690 Market St. The MF fees are higher than they should legally be, but they still actually make sense if you find yourself needing to be in SF for intervals that are not enjoyable in a hotel, but also don't justify buying or renting a fulltime residence. Really wonderful for corporate travelers in the way many of the clubs in NYC are (like NYAC or Colony Club).

Can you reserve other than SF ?

Bill

 

[geist1223]

For about 15 years we owned a 1/13th Fractional Interest in a Resort/Time Share on the Oregon Coast. 1 week per quarter. With the schedule rotating so no one got all the Holidays. It was a 3 Bedroom Unit. The organization had its Own Web Site. We simply posted on the Web Site. Had a good offer in about 2 weeks. Took a couple months to get all the paper work done.

 

[rcdcowner557]

Can you reserve other than SF ?

Bill

We have traded via ThirdHome over the past 5 years and find ourselves getting 6 weeks in Deer Valley and Park City in exchange for our 3 weeks in SF. ThirdHome has added tremendous value to all of these things.

 

[easyrider]

We have traded via ThirdHome over the past 5 years and find ourselves getting 6 weeks in Deer Valley and Park City in exchange for our 3 weeks in SF. ThirdHome has added tremendous value to all of these things.

If you google SF Ritz Carton Residence for sale you will find brokers. I have no affiliation with Jackson Fuller Real Estate and found them with a quick Google search. I also see one at sellmytimesharenow.com. Probably Redweek too.

Bill

https://jacksonfuller.com/sf/downtown/ritz-carlton-residences/

Ritz-Carlton Club And Residences, San Francisco Timeshare Resales | Search 1 Timeshares For Sale

Ritz-Carlton Club And Residences, San Francisco timeshare resales available. Find Ritz-Carlton Club And Residences, San Francisco timeshares for sale by owner - search by price, week or check-in date! Buy Ritz-Carlton Club And Residences, San Francisco timeshare now.

www.sellmytimesharenow.com

 

[Eric B]

So, I have learned in the last few days that this site is a wealth of information. We no longer have a use for the fractional interest we purchased all the way back in 2008. We know the developer is dying to take it back for a host of reasons and would gladly accept it tomorrow and pay all closing costs were we to offer to quitclaim it to them. However, it actually might have some value to an actual human being. We used it extensively from 2008-2018; it was considerably better than we could do either renting or staying in a hotel for the approximately 45 days per year that we needed to be in the city where our fractional interest is located. That remains the case today, except that we no longer have a need to be in that city. After shenanigans we witnessed in the past year, we were prepared to just walk away after blowing the whistle on what we witnessed. We know this will always be an option. However, after being on this site, we now are considering actually trying to resell. Any insight from the experts on the best platform to do that would be welcome. Our interest is not a typical timeshare because it is fractional ownership in an urban destination with high MF ($23K per year). Should we hire a proper realtor? Anyone know of any who specializes in this niche? Should we list on TUG? Redweek? Again, any insight welcome, and hats off to all of you who have perfected this way of traveling. I am the target market for fractional ownership in urban destination. I need to be in certain cities for 40+ days per year; I have no interest in dealing with hassle of furnishing and maintaining a separate home in said cities; hotels just are not the same as a place where everybody knows your name and you have a kitchen (plus a whole lot more that I don't need, but beggars can't be choosers). Again, any advice welcome. Many thanks.

It is definitely possible to sell RCC fractionals - I just bought one in St Thomas. I wouldn't expect to get a lot for it because of the high MFs - I paid $1 and covered the cost of the closing and transfer. I have seen a few from Aspen and Vail come and go on eBay over the years; they go pretty quickly but not for a lot. I haven't seen a lot of folks that own RCC posting on TUG though there are some. Frankly, I don't think TUG is the right target market for selling RCC because of the high MFs, but you might get lucky. It also doesn't look like many have sold through Redweek - the historical resales there are blank and it looks like only one has been listed (asking price was $29,950 but it doesn't look like there's any further information on when it was and whether it sold).

One thing I would be interested in if you have it is a copy of the current information on how Lion and Crown and all that work. They keep telling me that it will take up to 90 days for my RCC STT fractional to transfer (I had the seller designate me as the "member" so I can use it already) but haven't provided any of the documentation pending completion. Do you have a digital copy of that stuff? I'm already quite familiar with ThirdHome. Thanks!

 

[rcdcowner557]

It is definitely possible to sell RCC fractionals - I just bought one in St Thomas. I wouldn't expect to get a lot for it because of the high MFs - I paid $1 and covered the cost of the closing and transfer. I have seen a few from Aspen and Vail come and go on eBay over the years; they go pretty quickly but not for a lot. I haven't seen a lot of folks that own RCC posting on TUG though there are some. Frankly, I don't think TUG is the right target market for selling RCC because of the high MFs, but you might get lucky. It also doesn't look like many have sold through Redweek - the historical resales there are blank and it looks like only one has been listed (asking price was $29,950 but it doesn't look like there's any further information on when it was and whether it sold).

One thing I would be interested in if you have it is a copy of the current information on how Lion and Crown and all that work. They keep telling me that it will take up to 90 days for my RCC STT fractional to transfer (I had the seller designate me as the "member" so I can use it already) but haven't provided any of the documentation pending completion. Do you have a digital copy of that stuff? I'm already quite familiar with ThirdHome. Thanks!

Further research has revealed that quite a few at Vail have traded at prices above $100K (look at Eagle County records for WDL Vail Club or WDL Vail Condominium Association). It appears one traded as recently as August 2024 for $205,000 - am I reading the attached Eagle County Recording correctly?

On the Lion and Crown front, I do not have a copy of that stuff; we never paid any attention to it because exchange was not a factor in our purchase, although we have discovered its benefits over the past few years and have become regulars at a few spots in Deer Valley through Third Home.

 

[Fido Chuckwagon]

Further research has revealed that quite a few at Vail have traded at prices above $100K (look at Eagle County records for WDL Vail Club or WDL Vail Condominium Association). It appears one traded as recently as August 2024 for $205,000 - am I reading the attached Eagle County Recording correctly?

On the Lion and Crown front, I do not have a copy of that stuff; we never paid any attention to it because exchange was not a factor in our purchase, although we have discovered its benefits over the past few years and have become regulars at a few spots in Deer Valley through Third Home.

Your attached deed looks like a developer sale to me...

 

[rcdcowner557]

Your attached deed looks like a developer sale to me...

No - it was a resale. The Alabama LLC is not the developer; many people set up an LLC to buy these things for a host of reasons, and the names of the LLCs almost always tie to the identity of the specific property. Any interest that the developer picks up is foisted upon the MVC Trust when the time is right as a matter of practice.

 

[Eric B]

Further research has revealed that quite a few at Vail have traded at prices above $100K (look at Eagle County records for WDL Vail Club or WDL Vail Condominium Association). It appears one traded as recently as August 2024 for $205,000 - am I reading the attached Eagle County Recording correctly?

On the Lion and Crown front, I do not have a copy of that stuff; we never paid any attention to it because exchange was not a factor in our purchase, although we have discovered its benefits over the past few years and have become regulars at a few spots in Deer Valley through Third Home.

One of the reasons I frequent ThirdHome is because I can get Rolls Royce vacations for Volkswagen prices. I use a WorldMark and an HGVC ownership to get keys averaging around $150 each. I've done the math and RCC keys would be between $500 and $1,000 depending on how high I set the keys for a week. I'll be finding better uses for the RCC weeks I don't use. I'm hoping there are some other worthwhile bennies it comes with - the per diem rates, for example.

 

[vacation911]

One of the reasons I frequent ThirdHome is because I can get Rolls Royce vacations for Volkswagen prices. I use a WorldMark and an HGVC ownership to get keys averaging around $150 each. I've done the math and RCC keys would be between $500 and $1,000 depending on how high I set the keys for a week. I'll be finding better uses for the RCC weeks I don't use. I'm hoping there are some other worthwhile bennies it comes with - the per diem rates, for example.

It

So, I have learned in the last few days that this site is a wealth of information. We no longer have a use for the fractional interest we purchased all the way back in 2008. We know the developer is dying to take it back for a host of reasons and would gladly accept it tomorrow and pay all closing costs were we to offer to quitclaim it to them. However, it actually might have some value to an actual human being. We used it extensively from 2008-2018; it was considerably better than we could do either renting or staying in a hotel for the approximately 45 days per year that we needed to be in the city where our fractional interest is located. That remains the case today, except that we no longer have a need to be in that city. After shenanigans we witnessed in the past year, we were prepared to just walk away after blowing the whistle on what we witnessed. We know this will always be an option. However, after being on this site, we now are considering actually trying to resell. Any insight from the experts on the best platform to do that would be welcome. Our interest is not a typical timeshare because it is fractional ownership in an urban destination with high MF ($23K per year). Should we hire a proper realtor? Anyone know of any who specializes in this niche? Should we list on TUG? Redweek? Again, any insight welcome, and hats off to all of you who have perfected this way of traveling. I am the target market for fractional ownership in urban destination. I need to be in certain cities for 40+ days per year; I have no interest in dealing with hassle of furnishing and maintaining a separate home in said cities; hotels just are not the same as a place where everybody knows your name and you have a kitchen (plus a whole lot more that I don't need, but beggars can't be choosers). Again, any advice welcome. Many thanks.

It definetly possible. Just dont get your hopes up on a resale value. You may get something but generally pennies to the dollar.