Someone just dumped hundreds of resale weeks on Redweek

[billymach4]

I am subscribed to Redweek alerts and get emails when a week is listed for sale at various resorts that I choose to follow. I just got an email alert with hundreds of newly listed resale weeks at many resorts, all with Redweek full service. Looks like a mega-owner-renter just dumped their entire ownership portfolio for sale. Prices are reasonable to high - no real bargains. Anyone has an idea what's going on?

Someone is just bailing out. Who really knows. But makes for good discussion a cawfee tawk.

 

[JudiZ]

I have sold two timeshares on RW. One for San Francisco 52 week floating and another on Cape Cod for summer. Both were priced to sell and good weeks.

 

[DebraR]

I bet they're Canadian owned and they've decided to dump them because the Canadians are no longer coming to the US. I don't have proof of this, just a guess. They're all US properties as far as I can tell.

 

[lotus921v]

I bought my MGV platinum week on Redweek.

How much? I’m likely selling mine

 

[rickandcindy23]

How much? I’m likely selling mine

Why? It should be a stellar trader.

 

[claraj]

How much? I’m likely selling mine

You can check here for more sales transactions: http://www.rofr.net/

I purchased a 3BR EOY for about $2k. It's listed in rofr.net.

 

[bizaro86]

I bet they're Canadian owned and they've decided to dump them because the Canadians are no longer coming to the US. I don't have proof of this, just a guess. They're all US properties as far as I can tell.

I think that could make sense for a gradual increase in listings over time, but this was a big one-shot dump. I think it's unlikely one Canadian listed 1000 timeshares at once, and a coordinated effort on that specific day also doesn't make sense.

 

[Red elephant]

I bet they're Canadian owned and they've decided to dump them because the Canadians are no longer coming to the US. I don't have proof of this, just a guess. They're all US properties as far as I can tell.

There were Spanish weeks and Disneyland Paris week there too.

 

[TimeshareTimeshare]

A bit late here, but just to clarify—


All RedWeek Verified listings are now being handled by Fidelity Real Estate. Fidelity is currently in the process of onboarding their listings from FidelityResales onto the RedWeek platform. You can confirm this by comparing the new RedWeek alerts you’ve received with the listings already available on Fidelity’s website.


In short, it appears Fidelity is gradually merging its platform with RedWeek.


Wish I had seen this post earlier to share the insight!

 

[iftravel]

A bit late here, but just to clarify—


All RedWeek Verified listings are now being handled by Fidelity Real Estate. Fidelity is currently in the process of onboarding their listings from FidelityResales onto the RedWeek platform. You can confirm this by comparing the new RedWeek alerts you’ve received with the listings already available on Fidelity’s website.


In short, it appears Fidelity is gradually merging its platform with RedWeek.


Wish I had seen this post earlier to share the insight!

Now I know why the agent I talked to recently is the same one at Fidelity.

 

[TUGBrian]

guessing they have an agreement to pay the redweek fees as part of the what...$2000 or so dollars they charge to the owner?

great deal for everyone but the owner!