Ridge Tahoe - Selling Prices?

[kf6znt]

We own a "winter" / prime week at the Ridge Tahoe in Stateline, NV and want to sell it. However, we have not been successful in finding out what these units have recently been selling for. Looked here in the TUG sales history database and didn't see any sales registered since 2003 or so. Ours is a Naegle Building unit, which appears to have been selling for a LOT more than the Tower, Plaza, or Cascades units.

Has anyone in this group, within the last five years or so, bought or sold a Naegle Building unit at The Ridge? And if so, would you care to share the transaction details?

 

[DeniseM]

I'd look on ebay - and I'm sorry, but you should lower your expectations. Most timeshares are selling for 0-10% of original retail - most closer to 0.

 

[Saintsfanfl]

Not sure about the building, but the resort itself is always flooded on ebay and the units go for next to nothing or not at all. Even the winter weeks sell for next to nothing. Not to burst your bubble but I doubt it is worth much, if anything. What size and unit type?

I think the problem with this resort is that the maintenance fee is way too high. The fees are almost as much as a 2BR at Marriott's Timber Lodge, which is insane. When this happens to an older resort it causes the value to drop to below zero. This is a very common theme with timeshares.

 

[kf6znt]

No bubble to burst here! We sold two weeks at a great place on Maui last year - each cost close to $10k years ago and we were happy to get $500 for each. But you are right - their maintenance fees are the reason we want to sell.

 

[Rent_Share]

There are many Tuggers who swear by the location, since we don't ski and Tahoe is a summer time destination I have zero interest. If you list it in bargain deals, you will probably find a taker.

Generally pricing is free, plus seller paying hard costs, just think of what you will save if you find a taker before the next maintenance fee is due ?

 

[CO skier]

... Ours is a Naegle Building unit, which appears to have been selling for a LOT more than the Tower, Plaza, or Cascades units.

Everyone has their individual preference, but there is nothing special about the Naegle buildings -- the Tower and Plaza buildings offer the best views, for those who are looking for that.

The Ridge Tahoe is a very nice resort, virtually ski-in-ski-out using the new funicular (and a good trader -- a tremendous bargain for buyers), but it is so large there is always an oversupply of units available. That and its location on the ridge (which is an advantage for views) is a 15 minute drive or shuttle ride from South Lake Tahoe, which is a disadvantage, and these are what keeps the resale prices below $100 plus closing costs.

If you cannot transfer the deeds yourself (call the resort and they will send step-by-step instructions --it is not a complicated process if you have a copy of the deed and call the Douglas County Recorder to confirm the APN), you will do well just to find a buyer who will cover the costs to transfer the ownership.

(There is a Naegle building unit listed on EBay for $3000, but it just keeps going around and around, and it will continue to go around until the price is lowered to bid + closing costs).

 

[Saintsfanfl]

(There is a Naegle building unit listed on EBay for $3000, but it just keeps going around and around, and it will continue to go around until the price is lowered to bid + closing costs).

They don't even list the closing costs, just that the seller will pay them. They also do not list the maintenance fee. Their float period is wrong as well. They are just wasting time with the constant relist.

 

[Phill12]

I can tell you as owners at the Ridge twice covering about 23 years most of the posters don't know what their talking about when it comes to the Ridge!

The Ridge is one of the best run resorts and run way better than most big name resorts. Always updating and plans two years out for different buildings. I can also tell you as a owner until 2011 of the summer Naegles they do sell and are at the front with the Tower building for favorite units because of the location. The Naegles are alright for winter I guess but summers are great there. They are 1450 sq. ft with large patio's and just remodeled.

I have stated this many times that best time and place to sell is when your up there. We sold our summer Naegle in 2011 to a Tower owner who wanted the Naegle summer for $2500. We sold our Tower unit odd year from a conversation on the Tower elevator Aug 2012 for $2000 and we sold our Tower even year last month for $1500 to a family staying there that read my post trying to help others with information on the Ridge. All three buyers also buying our unit kept our July 4th week we had booked every year. Something you wouldn't get buying points. Also the Ridge helped us with all the buyers saving them money Ridge did paper work for us and our total fee's were aprox $70. and the buyers transfer fee's were aprox $25.00- $30.00 total.

What you most likely will find on E-bay are the Naegle blue weeks or the Terrace building or the Casecade . You can find some good deals on the Plaza which is one of the better buildings but down the hill and smaller like the Terrace. Casecade the newest and largest but down at the bottom of the hill behind the Terrace looking at the ski parking lot area.

You also can get a deal zero -$1000 on most of the resorts across from the Ridge that you drive by to go into the Ridge. These are resorts that let owners have day usage at the Ridge.

Problem the Ridge has now selling is they went to points and all three of my buyers like us wanted deed property. Our Tower through the Ridge would have only sold for about $856.00 because buildings don't matter in points.

HOPE THIS HELPS YOU! PHIL

 

[Saintsfanfl]

most of the posters don't know what their talking about when it comes to the Ridge!

I beg to differ. This isn't about the way the Ridge is run. This is about the OP asking how much the units are selling for. Most of the units are selling for near zero. This is a fact.

The bottom line is that this resort is tough to rent out at or above maintenance fees, and this is one of the reasons why the market value is next to zero (and why the OP is looking to unload). This resort is also extremely easy to trade into using a week with less than half the maintenance fee. It's an old argument but why own and pay over $900 when you can pay less than $600 total and exchange in?

You will always get more if you can sell to a casual buyer at the resort. This is true no matter what resort it is.

Nobody likes hearing about the low market value of their timeshare, but there is no escaping reality.

 

[Phill12]

I beg to differ. This isn't about the way the Ridge is run. This is about the OP asking how much the units are selling for. Most of the units are selling for near zero. This is a fact.

The bottom line is that this resort is tough to rent out at or above maintenance fees, and this is one of the reasons why the market value is next to zero (and why the OP is looking to unload). This resort is also extremely easy to trade into using a week with less than half the maintenance fee. It's an old argument but why own and pay over $900 when you can pay less than $600 total and exchange in?

You will always get more if you can sell to a casual buyer at the resort. This is true no matter what resort it is.

Nobody likes hearing about the low market value of their timeshare, but there is no escaping reality.

Don't know if you ever stayed at the Tower or Naegle but as a owner I have rented out both units myself and also with the Ridge for July 4th week (Naegle) and Presidents week (Tower ) and made more than my maintenance fees.

 

[Saintsfanfl]

Don't know if you ever stayed at the Tower or Naegle but as a owner I have rented out both units myself and also with the Ridge for July 4th week (Naegle) and Presidents week (Tower ) and made more than my maintenance fees.

Being an owner for as long as you have I would expect so. But the OP topic is "what these units have recently been selling for". There are so many that hit eBay each week it is hard to keep count.

Sumday had President's week at The Ridge and it took several months before it finally left their site. Perhaps the unit was small and the location poor, but even the Prime week could not overcome the high fee. I contemplated long and hard on taking it to rent out, but I concluded that it was not worth it. I was not the only one coming to that conclusion.

You own and have good use there and that is great, but the OP is trying to unload. You offer a good suggestion in selling to someone at the resort so perhaps they will consider that as an option.

 

[Phill12]

Being an owner for as long as you have I would expect so. But the OP topic is "what these units have recently been selling for". There are so many that hit eBay each week it is hard to keep count.

Sumday had President's week at The Ridge and it took several months before it finally left their site. Perhaps the unit was small and the location poor, but even the Prime week could not overcome the high fee. I contemplated long and hard on taking it to rent out, but I concluded that it was not worth it. I was not the only one coming to that conclusion.

You own and have good use there and that is great, but the OP is trying to unload. You offer a good suggestion in selling to someone at the resort so perhaps they will consider that as an option.

You are right about the Ridge size with Three Naegle, one Tower, one Terrace, one Casecade and one Plaza building. Yes the maintenance fee's are higher but I can tell you the resorts like Orlando Fl and Hawaii we checked out back in the eighties all had less maintenance fee's and have all hit owners with charges last few years to remodel while The Ridge charged a little higher but always have the funds to remodel without now screwing its owners. If we come back to timesharing for the third time again we would again buy a Naegle or Tower unit. Just sold our last unit last month to a family staying there for the first time and loved it. We sold only because our daughter and husband just had a baby girl in Dallas and we want to spend vacation time seeing her.

PHILL12

 

[Saintsfanfl]

You are right about the Ridge size with Three Naegle, one Tower, one Terrace, one Casecade and one Plaza building. Yes the maintenance fee's are higher but I can tell you the resorts like Orlando Fl and Hawaii we checked out back in the eighties all had less maintenance fee's and have all hit owners with charges last few years to remodel while The Ridge charged a little higher but always have the funds to remodel without now screwing its owners. If we come back to timesharing for the third time again we would again buy a Naegle or Tower unit. Just sold our last unit last month to a family staying there for the first time and loved it. We sold only because our daughter and husband just had a baby girl in Dallas and we want to spend vacation time seeing her.

PHILL12

You are about the low fees and inadequate reserve levels. Most owners are short sighted and are only focused on the "less money now". I am mostly short sighted in that many of my timeshares are for short term investment purposes but it is not without my acknowledgement of the low reserve levels. Almost all of my lower fee resorts have a reserve that is way too low. Unfortunately the market does not understand or is even aware of timeshare financials.

 

[CO skier]

... The Ridge is one of the best run resorts and run way better than most big name resorts. Always updating and plans two years out for different buildings.

As a Ridge Tahoe owner from 1994 to 2011, I would completely agree that the Ridge Tahoe is "one of the best run resorts." For (any) timeshare resale value, though, this has no bearing, because it is all about 1) location, 2) supply and demand, and 3) Maintenance Fees.

There is a never-ending supply of Ridge Tahoe units -- most buyers don't know the differences in the buildings, they just see the sales prices, and the OP is well aware that the ongoing cost of a TS is in the yearly MFs.

We signed-over our EOY Plaza unit for free to friends who we knew could afford the MF. Because I knew what it was worth, even at $1.00, I did not want to overcharge them.

I have stated this many times that best time and place to sell is when your up there. We sold our summer Naegle in 2011 to a Tower owner who wanted the Naegle summer for $2500. We sold our Tower unit odd year from a conversation on the Tower elevator Aug 2012 for $2000 and we sold our Tower even year last month for $1500 to a family staying there that read my post trying to help others with information on the Ridge. All three buyers also buying our unit kept our July 4th week we had booked every year. Something you wouldn't get buying points. Also the Ridge helped us with all the buyers saving them money Ridge did paper work for us and our total fee's were aprox $70. and the buyers transfer fee's were aprox $25.00- $30.00 total.

You have a gift for sales and were fortunate to have just what your buyers were looking for. Maybe the OP can get lucky, too. For $100, it is worth it to have the RT handle the paperwork.

What you most likely will find on E-bay are the Naegle blue weeks or the Terrace building or the Casecade . You can find some good deals on the Plaza which is one of the better buildings but down the hill and smaller like the Terrace. Casecade the newest and largest but down at the bottom of the hill behind the Terrace looking at the ski parking lot area.

You also can get a deal zero -$1000 on most of the resorts across from the Ridge that you drive by to go into the Ridge. These are resorts that let owners have day usage at the Ridge.

The "off-site" units associated with the Ridge Tahoe are to be avoided. For someone interested in the RT, they should buy at the Ridge Tahoe and even there, the Cascade and Terrace buildings should be avoided due to a lack of any sort of view.

A patient buyer can get a great deal; here are some completed EBay auctions:

2 BR Plaza Prime Winter and Summer EOY, $1.00 including closing costs http://www.ebay.com/itm/THE-RIDGE-T...21258839868?pt=Timeshares&hash=item33840df73c

2 BR Plaza Prime Winter and Summer Every Year, $99.00 +$385 closing costs (no bids, maybe make an offer directly to the EBay seller) http://www.ebay.com/itm/2BR-THE-RID...90618452863?pt=Timeshares&hash=item5af2ac937f

9,700 Ridge Tahoe Points, $5.00 +$385 closing costs http://www.ebay.com/itm/9-700-RIDGE...31007155596?pt=Timeshares&hash=item35c919758c

2 BR Tower Swing Season, $5.00 +$385 closing costs http://www.ebay.com/itm/2BR-THE-RID...90613819913?pt=Timeshares&hash=item5af265e209

2 BR Naegle Prime Summer EOY, $1.00 including closing costs http://www.ebay.com/itm/The-Ridge-T...60678649911?pt=Timeshares&hash=item53fa1f7037

The OP's question seemed to be, "Is a Naegle building unit worth more than other units at The Ridge Tahoe?" The answer is, "Maybe, if the right buyer can be found." If a quick sale is desired, then probably not.

 

[djs]

It's interesting to see some of the comments about The Ridge. Nothing can change the fact that units sell for next to nothing in the resale market, but I've always felt that I got great exchanges with my unit. I've owned since 2001 and close to 70% of my trades have been for larger units than I've deposited (this may be a result of the fact that I try to "game" my exchanges and am not limited to specific times of the year. Only 3 times have I put in f a search, most of the time I've taken the so-called dredges that appear when searching II.

 

[CO skier]

?

Nothing can change the fact that units sell for next to nothing in the resale market, but I've always felt that I got great exchanges with my unit.

While true, the OP wants to sell their unit, not exchange it, so this does not really help them.

 

[djs]

While true, the OP wants to sell their unit, not exchange it, so this does not really help them.

Sorry, my bad.

Nothing can change the fact that units sell for next to nothing on the resale market.

Better?

 

[Saintsfanfl]

Sorry, my bad.

Nothing can change the fact that units sell for next to nothing on the resale market.

Better?

Yeah but what kind of exchanges have you gotten?

Seriously though, I am quickly becoming an exchange bargain hunter. I rent out my good stuff and exchange my cheaper stuff that might not rent as well. There are definitely poor traders out there, but there are also good traders with very low maintenance fees. Everything half way decent can instant trade pretty good, but for me it comes down to the total cost of the exchange.

For a timeshare to have value it needs at least one of three things, which are Use, Rent Out, and Trade. Use and Rent are closely related but all three are tied to the maintenance fee. It is no mystery why the units sell for nothing. You can either rent from an owner or exchange in for less than the cost of owning.

Many timeshares that are viewed as having no value actually would have a ton of value if there wasn't this seemingly never ending supply. The Ridge is definitely one of those timeshares. The fee is still very cheap compared to an equivalent size hotel or a second home. But the abundant supply and alternative options are there and cannot be ignored.

 

[CO skier]

Sorry, my bad.

Nothing can change the fact that units sell for next to nothing on the resale market.

Better?

Not really ... that point had already been made ... repeatedly.


It seems that the current "What's my Ridge Tahoe Naegle unit worth?" thread is being confused by current and past Ridge Tahoe owners with a separate thread that could be titled, "Why I like my Ridge Tahoe ownership." There is nothing wrong with that (and there is much to like about The Ridge Tahoe), it is just a separate thread.

 

[kf6znt]

Yes, I was simply interested in finding out what the units were selling for. As a side note, we really DO like the Ridge, but a family addition has put a pinch on the pocketbook and we thought maybe we'd sell the unit. Well, after reading these posts, maybe, maybe not. Might have to put more effort into renting the week out and still be able to enjoy it when finances are better.

Anyway, thanks for the info folks!

 

[Phill12]

, $1.00 including closing costs



Your wrong about my gift for sales as I would get fired in one day. Don't deal well with dishonest people and I have trouble not being truthful to people. I never tried to sell one of our units the resort sells itself .
Back in 2011 with our daughter moving to Texas we thought about selling our Naegle unit because as nice as it is we didn't need two bedrooms any longer and Naegles don't have lock-off units. We finished our dinner at the Ridge Hungrey Bear Restaurant and went to the bar for our after dinner drinks. Bill the bar tender has been serving us for years and called us by name and a couple sitting there started talking to us about the Resort. Said how much they loved it this being their first trip here as owners of a Tower eoy unit and thinking of buying into the Naegle buildings. My wife and I gave them some information and when asked we told them we owned Naegle summer and Tower even/odd year. Couple days later we went into the office to just see what the Ridge was selling the Naegles for and found they just switched to points. The people from the bar were talking to her and bought our unit for $2500. The lady did the paper work, collected our money and filled out the quitclaim deed and charged us $30.00 notary fee. If I remember right the buyer had to pay something like $43.00 to the recorders office in Dayton NV. aprox thirty miles from the Ridge.

Odd year Tower the Ridge again helped us and notary fee $25.00 and buyers paid to recorder less than $25.00. They met us on the Tower elevator our first day in and other Tower owners who are friends asked about our daughter and we mention we had sold the Naegle and thinking of selling one of our Tower weeks. The couple ask us how much and I told them $2000. Few days later they came up to us at the pool area and bought our unit. Again not doing sales pitch and not even sure we wanted to sell.

Last Buyer family enjoying their vacation e-mailed me while there to see if I would sell our even year to them. All they knew was reading some of my post on timeshare forums trying to help others with information they wanted. Sold this unit the next week for $1500 and it cost us $20.00 notary fee and new owners had to pay something like $23.00 to the recorders office. Again the Ridge staff filled in all the info on us and buyer so all it took was us signing and them signing.

When you mention other sites selling the Ridge Paradise resales does this for all Lake Tahoe timeshares. Before knocking this company a Tug Member bought the resales couple years ago.

For your e-bay list I did go and look and I can only say that when I read the transfer fee of $395 this is companies that do nothing but dump timeshares and buyers need to be careful because they put so much phoney information out there. The one ad is for Naegle unit eoy and says its 1047 sq ft. I might be wrong and there might be some Naegle hidden in a dark corner that size but the Naegles are two bed and two bath 1450 sq ft. This sounds more like the Plaza or Terrace buildings. The one Tower unit swing season.

I contacted one of these companies few years ago before buying our second Tower unit because I was watching the bids and was thinking of buying even year Plaza but after so much wrong information I gave up. When I asked the person about the size and his information not making sense a Tower turned into the Terrace which I wouldn't take free. The Naegle turn into one of the outside resorts. He said they deal in thousands of timeshare units and can't always keep track. I asked him how many times he has been to the Ridge and found never and he lived in Flordia. Nothing like selling something you know nothing about. He even showed his stupidity by saying whats the difference the Ridge property has hundred of units and building names mean nothing to him.

We sent our daughter and her husband up for bonus time to try out the Plaza for us and they called and said it as nice but don't buy if you can buy another Tower unit. :whoopie:

PHILL12

 

[Saintsfanfl]

There are literally thousands of timeshare properties all over the world. Sorry Phill, but your expectance of a 3rd party reseller to have visited every property and location and your reference to their "stupidity" just shows your own ignorance. It's not only impractical, it is basically impossible. Would it be nice if the mass sellers knew more? Sure, but it just isn't realistic.

 

[CO skier]

We sent our daughter and her husband up for bonus time to try out the Plaza for us and they called and said it as nice but don't buy if you can buy another Tower unit.

There is a Tower unit Weeks 1-52 Yearly in the TUG Marketplace for just the cost of the transfer: http://tug2.com/TimeshareMarketplac...tingGUID=42070e2e-cceb-4588-9960-ec9a6ba7606a

Looks like it has been there for a few weeks looking for a buyer ... should be an easy $2000 flip for you.

 

[Phill12]

There are literally thousands of timeshare properties all over the world. Sorry Phill, but your expectance of a 3rd party reseller to have visited every property and location and your reference to their "stupidity" just shows your own ignorance. It's not only impractical, it is basically impossible. Would it be nice if the mass sellers knew more? Sure, but it just isn't realistic.

I guess your trying to just insult but I have no idea of your point!

My point was these scam company/people talk down timeshares then get some owners to pay them to take the unit. This is there profit then they dump units for nothing but high transfer fee's. Even if they have never seen the resort doesn't change the fact they are being dishonest. They should be listing honest information on the unit and resort they are dumping.
Three years ago we were checking in and a nice lady was at the desk and broke down crying because she bought a Tower every year unit on one of these scamming e-bay deals. Turned out what they called the Tower was really one of the small resorts outside the gate. There is no way to say this is honest.

 

[Phill12]

There is a Tower unit Weeks 1-52 Yearly in the TUG Marketplace for just the cost of the transfer: http://tug2.com/TimeshareMarketplac...tingGUID=42070e2e-cceb-4588-9960-ec9a6ba7606a
Looks like it has been there for a few weeks looking for a buyer ... should be an easy $2000 flip for you.

If this ad true its a great deal. It would be stupid of the owner if that is who is selling to do this. They can let the Ridge sell it for points and make some money back as the Ridge sells in points now.
Our unit was even year and after selling price of aprox $856 we would get about $560. This price is why the sales advised me to sell like other two units if I had a chance and get more money because I would be selling deed plus buyer would get our Holiday week. A every year would bring more and the Ridge had idea of when ours would sell aprox time ours would have sold end of Aug early Sept. They know about how many they sell every week.
Just wonder if this is owner or third party with high transfer fee?

Also no reason on trying to be insulting with me flipping it for profit. I sold my three units because we didn't need them at this point in our life.