It's 2015 any changes in resale market lately?

[jsmythe]

I have been lurking on TUGS for quite some time and have had timeshares over the past 20 years. I know the bottom totally fell out of the resales market but managed to get some money for a Florida timeshare we had. We have a Vermont week which we are losing interest in and want to move that one too. From what I have seen over the past few years, it seems that your best bet seems to be giving it away (from a thread I am following on this forum). Lately I have heard there is a "mild rebound" and things are selling in Vermont again, albeit for modest prices (~$2k or less). Is this just a marketing ploy to get your ad dollars since the brokers charge a couple of hundred bucks to list with them? If it's just going to sit there and eventually have to give it away for a few hundred dollars, I might get a few bucks back - is it worth the hassle or will I get more exposure on TUG and redweek?

 

[WinniWoman]

What resort is it? Not that it matters much. If it were me I would try both avenues. What do you have to lose? Try giving it away for free If that doesn't work, you could try listing it with the broker for what they claim it might be worth but after paying commissions, I don't think you will come out ahead anyway.

 

[bnoble]

I would not pay anyone who wants an up-front listing fee.

 

[Jason245]

Why don't you just list it on TUG, if it doesn't sell in a reasonable amount of time, put it in the bargain bin... lol.

 

[jsmythe]

It's Smuggler's Notch and yes I just ponied up for the paid membership to list it on TUGS. I will probably list it in the bargain bin too. As for commissions, for $2k, that's really nothing - the listing fee would be where they make the money. I'm just curious if there is any history or evidence over the past few years that they are selling at all. I am actually considering getting a Wyndham TS worth a few 100k points. Just want to get rid of the MF on this one first. Wish there was an easy way to "trade up"...

 

[dundey]

If it is a Smuggs ski week it will sell.

 

[theo]

Not so fast...

<snip> If it were me I would try both avenues. What do you have to lose?

Well....the answer to that question answer is potentially --- the amount of the sales commission.

More precisely, if OP signs an exclusive listing agreement, then successfully sells the timeshare on his / her own, s/he may still owe a commission to the listing entity.
Unless the listing agreement is very specifically non-exclusive, selling on his / her own could obligate the seller to pay the listing entity a commission anyhow.
As always, the devil is in the details...

 

[breezez]

Sharket.com

Sharket.com. Is a pretty cool site that tracks the person to person sales on time shares. Then creates a chart and trend line. It's not as functional as I would like. But still some useful data. This will at least give you an idea of what resells for your timeshare are closing for and if the trend is moving up or down.

 

[WinniWoman]

It's Smuggler's Notch and yes I just ponied up for the paid membership to list it on TUGS. I will probably list it in the bargain bin too. As for commissions, for $2k, that's really nothing - the listing fee would be where they make the money. I'm just curious if there is any history or evidence over the past few years that they are selling at all. I am actually considering getting a Wyndham TS worth a few 100k points. Just want to get rid of the MF on this one first. Wish there was an easy way to "trade up"...

I am a Smuggs owner as well. Just look at the tons of them for sale on myresortnetwork.com. For Free- someone will take it off your hands- what week is it?

 

[WinniWoman]

Well, the answer to that question answer is potentially --- the amount of the sales commission.

More precisely, if OP signs an exclusive listing agreement, then successfully sells the timeshare on his / her own, s/he may still owe a commission to the listing entity.
Unless the listing agreement is very specifically non-exclusive, selling on his / her own could obligate the seller to pay the listing entity a commission anyhow.
As always, the devil is in the details...

Oh- yes. I get that. I meant try giving it away first and foremost. If he/she gets desperate and can't give it away- maybe try to list with a broker- but be very careful! Most real estate salespeople lie.

When my time comes I am going the giveaway route. I own week 30.

 

[theo]

Howzzat now?

Sharket.com. Is a pretty cool site that tracks the person to person sales on time shares. Then creates a chart and trend line. It's not as functional as I would like. But still some useful data. This will at least give you an idea of what resells for your timeshare are closing for and if the trend is moving up or down.

I have neither seen nor heard of this site, but am nonetheless prompted to wonder how such private transactions could possibly be "tracked", with all new deeds being officially recorded (...and / or researched later) at Counties (...and in some places, e.g., Vermont, within towns) by grantor / grantee names, not by resort name. Additionally, many deeds just say "ten dollars and other valuable consideration" as the "closing" figure, revealing nothing about the actual transaction price.

It seems to me that any such site would clearly require the active participation (and honesty) of a very limited, selective number of resale timeshare grantors / grantees.
If so, any results would present only a very small (and very skewed) "subset" of total resales, not accurately representing all resale purchase figures --- or any "trends".

 

[tschwa2]

It's Smuggler's Notch and yes I just ponied up for the paid membership to list it on TUGS. I will probably list it in the bargain bin too. As for commissions, for $2k, that's really nothing - the listing fee would be where they make the money. I'm just curious if there is any history or evidence over the past few years that they are selling at all. I am actually considering getting a Wyndham TS worth a few 100k points. Just want to get rid of the MF on this one first. Wish there was an easy way to "trade up"...

When you mention listing fee, it sends up red flags and I think SMTN. Personally I think Redweek is a bit on the high side but even with the required membership and listing fee it is under $100. That is the absolute highest I would recommend paying to list. If they or anyone else is trying to convince you that your timeshare is worth so much more and you should list for a high fee than they just want the upfront fee.

 

[presley]

If they only get paid to list it, they will list it and do nothing to sell it. Selling it will require more work for them without any pay. You will save money by listing it yourself on TUG, redweek and craigslist.

 

[jsmythe]

Thanks all. FWIW I have a week 28 and next year is a 36 right around labor day so I'm thinking there might be a window of opportunity here.

BTW I finally got around to reading the paperwork they sent - they want 20% commission or $2000, whichever is greater - ROFL

 

[melissaj]

No resale market

In these days it is very difficult to sell a timeshare because the resale market is so poor. You can find timeshares even for pennies. Besides, there are many timeshare resale companies that ask for money upfront. Just beware and stay away from these companies.

 

[Ty1on]

In these days it is very difficult to sell a timeshare because the resale market is so poor. You can find timeshares even for pennies.

 

[theo]

Timeshare generalizations are seldom universally accurate...

In these days it is very difficult to sell a timeshare because the resale market is so poor. You can find timeshares even for pennies. Besides, there are many timeshare resale companies that ask for money upfront. Just beware and stay away from these companies.

With all due respect, your overly broad summary statement is not entirely accurate --- although it is certainly true that low demand weeks and / or low demand places may very well have little or no resale value. Try selling (...or even giving away) a South Africa week right now, for example, or anything associated with DRI --- no joy.

However, timeshare weeks of high demand in places where demand consistently exceeds available supply have generally held their value reasonably well, even during and since the economic downturn which first commenced in 2007-2008. I could very easily sell any or all of my seven weeks for as much (or even a bit more) than I originally paid (all were purchased resale, of course). I even get occasional calls from other current owners at my resorts, inquiring if I have any interest in selling --- I don't.

Planet Timeshare is a complicated place. There are few (if any) broad generalizations or comments that are true or accurate in all places or which fit all circumstances.