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Making an offer

mrsstats

TUG Review Crew
TUG Member
Joined
Jun 6, 2005
Messages
410
Reaction score
87
Location
Ronkonkoma, LI
If a timeshare unit is for sale for say $6,500. Is there a rule of thumb of how much you should offer? I made an offer for $2,500. It is an EOY 2 bedroom unit in the Orlando area, not a Marriott or high end place. I am in no rush to buy but would at buy at that price.
 
Sounds About Right.

It's up to you -- there's no universal rule of thumb.

Offer the amount you're willing to pay & let the chips fall wherever the law of gravity takes them.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​
 
If it isnt a high end resort I would think $2500 is a lot higher than it would be worth. Westgate and similar units sell for less than that much for EY units. What resort?
 
If a timeshare unit is for sale for say $6,500. Is there a rule of thumb of how much you should offer? I made an offer for $2,500. It is an EOY 2 bedroom unit in the Orlando area, not a Marriott or high end place. I am in no rush to buy but would at buy at that price.

Why would you buy anything in Orlando? It is the easiest exchange with even off-season weeks. I wouldn't purchase Orlando, unless I bought something that had internal priority and could get me exchanges that were truly a value.
 
Orlando can be a great place to own. Or miserable

Why would you buy anything in Orlando? It is the easiest exchange with even off-season weeks. I wouldn't purchase Orlando, unless I bought something that had internal priority and could get me exchanges that were truly a value.

Hey Cindy - Be careful. If you run off all buyers from Orlando the resorts will close and you won't be able to trade in :). Seriously while we have grown to detest our Wastegate disaster of an ownership - thanks to THE worst developer/management in the world not the resort itself - our first timeshare was Cypress Pointe, Orlando - actually Lake Buena Vista - and still by far our favorite. The area developed nicely as a planned community, the location cannot be beat and with a float week we can visit whenever we want. For trades it has been great the few times we used it getting us Manhattan Club in it's heyday, San Francisco over July 4th and others. Most importantly it is the resort we always enjoy returning to anytime of year. Being in just about the best location in Orlando has enhanced it and we know what we'll find on return. Not a crap shoot on location, quality and unit features or the risks and unknown of trades. Orlando is a great place to own if you plan to use it. Like any area if you plan to trade you are better off with a points or multiresort system. It isn't any different in Orlando. Buy and own quality and it will be a highly satisfactory ownership. Own at a rat hole either in quality or management (there's that Wastegate again) and no matter where the resort is it's a pig to own.
 
Why would you buy anything in Orlando? It is the easiest exchange with even off-season weeks. I wouldn't purchase Orlando, unless I bought something that had internal priority and could get me exchanges that were truly a value.

If the OP is buying into a points-system, then it really doesn't matter where he buys as he can "trade" internally at will -- why points-systems are so popular -- but in such a system, Orlando's advantage may be lower MF's than say, just about anywhere else ('cept Vegas).
 
I have a floating week in Orlando and I always reserve Easter week. I've gotten great exchanges with it. I do not regret buying there - even if I don't intend to use my week there as an owner.

Sue
 
Sue offers the clue. If you will use your Orlando week, particularly for peak times, ownership there may make sense. You can avoid exchange fees and headaches. If you're buying to trade the majority of the time and when you DO go to Orlando, go in the 48 or so weeks that are usually available for exchange, then Orlando is probably not a good choice.

Sheila
 
I made an offer of what I feel is the right price for me. The reason I am looking to buy in Orlando is because that is where I want to go. I am not interested in trading it. I have an EOY in Vegas and I want the opposite year for Orlando.
 
Just to give you an idea of prices on Orlando units from EBAY. Recently a two bedroom Westgate Villas EY week 30 went for $400. Sheraton Vistana units have gone for as little as $1 with most going for under $1000 for EY units.

I hate to see someone pay too much especially since your from the same area. Take a look at EBAY listings of the resort you are looking for. $2500 is a lot for a less than high quality EOY Orlando unit.
 
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