Redweek comes through again

[MOXJO7282]

I know there was a thread about RW's prices going up, but from my perspective, they seem to bring in the most traffic, by far.

I put ads up almost similtaneously on RW and Myresortnetwork.com for my Myrtle Beach unit, and not only did I get alot more traffic from RW, today I closed the deal with an RW member and had another waiting to make sure the deal went through.

RW ads were successful for on my last several rentals as well. Of all the units I have rented, TUG and RW are the only two that have ever come through for me. I got some inquiries from Myresortnetwork.com, but never a keeper.

Regards.
Joe

 

[boyblue]

I just rented a week 24 Wapato point week on MRN but I wasn't pleased because I really only got two inquiries. Thank goodness one of them came through. I had a week 18 up for rental but got no bites so I gave it back to RCI.

I think I'm gonna go with Redweek next time.

 

[rickandcindy23]

I have had luck with redweek as well.

I listed our 2005-2006 week at Gardens at West Maui and rented it, then I changed the dates, raised the price and rented it for 2006-2007 with the same six-month ad. The ad expired a week later. Now I don't have to worry until June of 2007, which is when our use-year starts again.

I also used myresortnetwork.com and had inquiries but no deals. I think redweek is better, but other TUGgers feel differently. The increased prices are going to affect their listings drastically. $49.95 is a lot for a sale ad, though it is for a year, $19.95 for a rental ad. I have been trying to sell a week through redweek and was able to renew before the price increase for $10.00. When the ad runs out again, I might try something else.

 

[JACKC]

What about Bidshares?

Bidshares has been mentioned on TUG. How do you regard it for selling/renting compared to Redweek and Myresortnetwork?

I have placed sales ads with BS that attracted a lot of lookers but no bids. I sold one each on RW and MRN.

Jack

 

[boyblue]

Bidshares has been mentioned on TUG. How do you regard it for selling/renting compared to Redweek and Myresortnetwork?

I have placed sales ads with BS that attracted a lot of lookers but no bids. I sold one each on RW and MRN.

Jack

Ditto (lots of looks no bid), it's still running so we'll see.

 

[anne1125]

I bought 2 on bidshares. Sold none.

Anne

 

[getreal]

Redweek pricing

Renting your week at $20 and $15 for annual membership is a bargain, compared to say banking and exchanging, or asking an agent to rent it out for you. But what if do not get your week rented?

I happen to like Redweek a lot, but from looking at listings, it appears that only a small portion of listings are actually successful. And we can all see that.

In case the owner of Redweek is reading, I have an outside the box idea: Figure out a way to refund part of the listing fees whenever a rental or sale occurs. Your revenue will probably not go down much. But this policy would totally entice sellers to be market related in their pricing.

 

[rickandcindy23]

Redweek is pretty responsive to questions, most of the time.

The redweek owner can be reached via that site. I have had my questions answered many times directly, although they are not answering my questions as to why the price increases, which are drastic.

 

[Rene42net]

We just rented our Feb. week @ OLCC through Myresortnetwork. Had the ad in about 2-3 weeks.

Rene~

 

[Rent_Share]

The redweek owner can be reached via that site. I have had my questions answered many times directly, although they are not answering my questions as to why the price increases, which are drastic.

I won't pay their prices to shop.

 

[suekap]

Is there anyway to get in touch with the owner for a rental if you are not a redweek member? I am interested in renting from someone, but I don't know if the week I need is available.

 

[rickandcindy23]

Check www.myresortnetwork.com

If you don't want to pay the membership fees, use other rental sites instead. Maybe that will make redweek rethink the fees.

There is another one that I have used to list my weeks that is free for a basic listing and free to lookers. I can't remember the name of the site. It will come to me.

 

[BocaBum99]

Renting your week at $20 and $15 for annual membership is a bargain, compared to say banking and exchanging, or asking an agent to rent it out for you. But what if do not get your week rented?

I happen to like Redweek a lot, but from looking at listings, it appears that only a small portion of listings are actually successful. And we can all see that.

In case the owner of Redweek is reading, I have an outside the box idea: Figure out a way to refund part of the listing fees whenever a rental or sale occurs. Your revenue will probably not go down much. But this policy would totally entice sellers to be market related in their pricing.

I think redweek is by far the best site overall. And, I think their fees have maxed out now.

I don't think they should refund part of the listing. Instead, they should have a mirror listing of "bids." Everyone interested in buying or renting a timeshare should be able to list what they want and how much they are willing to bid. Then, it is very close to a stock market with bids and asks. The current listings are the current "asks"

Then, all that's needed are market makers who are the 3rd parties that help faciliate the transactions as intermediaries to stimulate transactions.

Then, you have your true market based pricing mechanism. Bids are mapped to Asks and people adjust their prices accordingly. There should be a view by unit size, season and bid or ask. Then, it will be just like a stock market. And, the transparency you seek manifests itself.

Redweek is the closest to doing this. I'll bet they do it within the next two years. I just wish I could patent the idea.

This is a far superior exchange mechanism than RCI or II.

 

[getreal]

We noticed!

... I don't think ...

Yes, your posts bear this policy out!

(just kidding)

 

[Avery]

I won't pay their prices to shop.

I agree with you. Especially since there seem to be several frequent listers that appear to be renting floating weeks (or even exchanges?). Every time I inquired about a week from a particular seller who listed many many Marriotts, it was "unavailable." Not worth paying for that.

 

[irish]

i have listed weeks for rent on redweek, mrn and tug and the only success i have had came from redweek. those were with weeks i had already reserved. now i have a posting on redweek for a floating week for 2007. i stipulate in the ad that if the prospective renter lets me know far enough in advance which week they require i will more then likely be able to get it. the problem is most renters don't start to make plans until about 4 months out. by that time the weeks have either gone to owners or to II and exchangers making weeks impossible to reserve.

 

[aliikai2]

And there is the beauty of REDWEEKS

Most of the rentals and sales we receive through redweeks are from BUYERS not shoppers.

Myresortnetworks gets lots of looky-loos, but few buyers.

The new rates aren't bad if your using their service for a business, with the 25% discounts a rental is only $14.97 and their traffic does get results, about 80% of our customers for rentals come from REDWEEKS.

fwiw, Greg

I won't pay their prices to shop.

 

[Bill4728]

It not that I want to complain about REDWEEK, but they still haven't figured out what to do with pure point-based TS.

All of their listings are based on a resort having a location. Worldmark, Club Intrawest and Monarch Grand all do not have a location, but many, many locations. So as a buyer or seller, if you want to look at these TS, it is very difficult.

 

[JudyS]

I'm surprised that people have had such sucess through Redweek. I would have thought that charging people just to browse would really decrease the number of potential buyers. Did all of these sales/rentals take place after Redweek started charging people just to look?

 

[BocaBum99]

Yes, your posts bear this policy out!

(just kidding)

LOL. I haven't been accused of that before. Usually, it's just the opposite. I tend to overthink. But, I do shoot from the hip at times. That tends to get me into big trouble.

 

[BocaBum99]

It not that I want to complain about REDWEEK, but they still haven't figured out what to do with pure point-based TS.

All of their listings are based on a resort having a location. Worldmark, Club Intrawest and Monarch Grand all do not have a location, but many, many locations. So as a buyer or seller, if you want to look at these TS, it is very difficult.

I totally agree with this observation. Today, the way they handle it is through Redwishes. But, it would be very easy for them to create a points rental board. Maybe a couple of us should email them with the idea.

 

[aliikai2]

Yes, after

It seems to pre-quailfy them, so instead of getting 50 tire kickers asking about the week, you get 5 and one of them is normally, " Is this still available? If so I'll take it."
They just get better leads, and it saves me a ton of time. I only need one customer for any given week, and I would rather have Quailifed Buyers, over Shoppers any day. Greg

I'm surprised that people have had such sucess through Redweek. I would have thought that charging people just to browse would really decrease the number of potential buyers. Did all of these sales/rentals take place after Redweek started charging people just to look?

 

[BocaBum99]

It seems to pre-quailfy them, so instead of getting 50 tire kickers asking about the week, you get 5 and one of them is normally, " Is this still available? If so I'll take it."
They just get better leads, and it saves me a ton of time. I only need one customer for any given week, and I would rather have Quailifed Buyers, over Shoppers any day. Greg

Greg,

I agree. The other requirement is that the seller needs to have a price that is in line with the market. If it is, then it will rent.

 

[getreal]

Looking is free - Talking is not

... Did all of these sales/rentals take place after Redweek started charging people just to look?

JudyS

Redweek does not charge money to look. You could always get a free membership for that, and I assume that did not change. BUT if you want to contact the seller, you need a paid membership.

So people who are hanging out on the BBS and learning about TS and doing due diligence do not have to pay until they get to the point where they want to make offers.

 

[JudyS]

Redweek does not charge money to look. You could always get a free membership for that, and I assume that did not change. BUT if you want to contact the seller, you need a paid membership.

Well, I wasn't clear. I've had a free Redweeks membership for ages, so I know about they're available. I feel that you can't really get much information unless you pay, though.

Part of the problem with the free membership is that Redwishes is the only way to look for points-based timeshares,a nd only paid members can look at Redwishes. I feel that having Redwishes as the only way to look for points is a huge mistake. I've emailed Redweek about this, but didn't get much of a reply.


About Redweeks charging buyers to get information, Greg said:

It seems to pre-quailfy them, so instead of getting 50 tire kickers asking about the week, you get 5 and one of them is normally, " Is this still available? If so I'll take it."
They just get better leads, and it saves me a ton of time. I only need one customer for any given week, and I would rather have Quailifed Buyers, over Shoppers any day. Greg

Interesting point. That is an advantage. Still not sure if I'm willing to pony up $50 bucks for a sales listing, though.