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Selling Question

alkatrazz2

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Hi all, I'm a newbie so I'm probably going to need all the help I can get. I purchased a Stormy Point Village timeshare in Branson, MO about 1 1/2 years ago. It's a 2 bedroom, Red Season with unlimited additional Festiva Weeks. I purchased it for $21,500 plus interest. I might be interested in selling it. If I do, Iwould be willing to take reasonable loss. Can someone school me a little on what my chances would be and what to expect? Anything ya can share is greatly appreciated.

alkatrazz2

Here are some of the details:

Festiva Resorts​
VIP Charter Membership​
I. $4,000.00 Pre-Construction Discount
II. Festiva Resorts VIP Charter Benefits:
Preferred Exchanges To All Festiva Resorts
Pontoon Boats - $75.00 per day
Sail Boats - Free

Unlimited Additional "Festiva Weeks"
Last Minute Stays (31 days of less) - $199.00
Long Term Notice (32 days or more) - $349.00 - $799.00

III. Interval International Worldwide Exchange Network
IV. Festiva Travel & Cruise
Unlimited Lifetime Dues Paid (VIP Members Only)
Year-Round Discounts On All Of The Following:
Golf & Spa Getaways, Custom Experiential Vacations,
Cruises (Including Private Catamaran Yachts)

Special Unlimited VIP Charter Rates on Cottage Use
3 Bedroom Cottages - $100.00 per Night
2 Bedroom Cottages - $75.00 per Night
V. VIP Owner Referral Program
(Share with Friends and Family and earn up to $200.00 per referral)
VI. Price Freeze For Six (6) Months
(Any Additional weeks or upgrades)
 
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e.bram

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If it is paid you might be able to give it away and not have to pay continueing MFs
 

Aussiedog

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Bad Timing

Welcome to TUG!

This is such a tough time to sell a timeshare. This board has great advice on how to actually sell a timeshare and so please be sure to read that sticky, but I think the first hurdle for you will be getting comfortable with what you are referring to as "reasonable loss". I hope your definition of reasonable is somewhere south of 10% of your purchase price.:bawl:

As you may have seen in other posts, the best way to get a feel for what your timeshare may sell for is to look at the completed listings on eBay for your resort. You can try other resale sites for comparable pricing but be aware that the other sites include very high levels of wishful thinking.

If you can't stomach the current (and future as it won't go up) resale price you might want to try and rent it to at least cover your MFs. You may even enjoy finding more creative ways to use it or exchange it.

Good luck! Lots of experts here who can guide you along the way.

Ann
 

Dave M

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e.bram isn't far off the mark. Some points....

1) If you owe anything on your timeshare, forget about selling it. You almost certainly won't find anyone willing to pick up your debt. And you won't be able to sell it for as much as you owe.

2) Most timeshares sell for a very small fraction of what the developer sold the timeshare for. Historically, that range - except for some of the very high-end timeshares - has been approximately 10%-40% of developer sales price. One reason for that is that the resale market is fragmented. Most potential buyers have never heard of the resale market for timeshares. Thus, there are many more resale sellers than resale buyers. That depresses prices much more than you would think would be reasonable.

3) Unfortunately, this is a lousy time to try to sell a timeshare. First, the market has been flooded with timeshares being resold by "postcard" companies - companies that charge a fee to take timeshares off of owners hands and then resell them for pennies on eBay. Second, eBay sales by owners draw lower prices than other traditional resale outlets and eBay seems to be setting price levels. Third, look at the current economy. 'Nuff said.

If you decide to sell, read the "how to sell" article located at the top of the list of topics for this Buying, Selling, Renting forum and follow the guidance. But that article was written before the current economic downturn, so don't expect miracles. If you can sell it for a few thousand $$, you'll be extremely lucky.

Lastly, if you decide to sell, please don't post your decision here. A moderator would have to delete much of what you have posted as unallowable advertising.
 

tombo

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yumdrey

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Like other tuggers said, it is NOT a good time to sell. Check the recent e-bay prices and also check redweek.com prices.
Or you can contact your resort and ask if they are willing to take your ownership back. If you still owe money, maybe they will not accept this, but has worth to try.
 

Patri

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If you can afford to keep it, you should. Take vacations each year. You don't always have to go to Branson. Join Dial an Exchange for no membership fee, and only pay for trades. Or join II or RCI, which have more selection. A year and a half is a short time to own a timeshare. It is a great way to see the country or world. Just don't buy any more.
 
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