? to selling my timeshare and TS companies to use

[BlueRiverChalet]

Has anyone used Bay Tree Solutions Inc to sell their timeshare? The developer of my TimeShare ownership pointed me to this company as a more ethical ones as well as Redweek.

Unlike having a inexpensive TS Week, we purchased the premium week 52, new years, at the Grand Lodge on Peak 7 Breckenridge for the rental income and the perks. For the purpose of Renting and using the owner perks. And have successfully rented every year at $1400/night. A 2BR (Sleeps 8), larger corner unit than the others rooms in the lodge, ADA friendly, view of the valley, sunny side, view of the fireworks from the porch, etc. Do to financial needs we are wanting to sell off one or both of the units in then 2 BR Deeded Time Share. According to the developer, Grand Lodge on Peak 7 Sales group, they said (as the developer) that the current selling price for that 2BR unit is $219,706K (and of course includes their added perks outside of our week for that value). (All club benefits are transferable and valid during the week of purchase)
Or we could split up the 2BR into the two separate unties being a Matter Residence 1BR and a Suite Residence 1BR. The Master 1BR current sales value is $156,710k: and Suite residence unite $97k Obviously that is the developer price is with their extra perks/incentives.

Bay Tree Solutions inc have a flat advertising fee ($1,600.00) until sold. and even offered to sell off together or individually for that one fee. No other closing fees or commission fees and they offer financing to the buyer. Is this a reasonable fee? It appears to be a good price as its a flat fee until sold but are the expectations of selling realistic? They don't charge any commission or sales fee.

Bay Tree Solutions said they list at 20% blow the lowest value.

We know we have a very specific target market since we chose to buy the most expensive week and we did so because it always rents out ($1200-$1400/night) and we have been successful at renting that week for several years now. Can we have expectations to get a good price for our unit, since the buyer would likely be someone who wanted that specific week either to rent or use and most likely someone who is researching just after being sold a unit from the developer to see if they may be a better deal during their 3 day cancellation policy? We are trying to get some hopeful but mostly real expectations.

thanks,
John

 

[tschwa2]

Most people don't look at Bay Tree solutions because the listings are 300-1000 times higher than other websites. Redweek would be just as good if not better especially for high end units. Did Bay Tree give you an estimate?
Keep in mind if you bought from the developer not all the perks that you enjoy will transfer to the buyer and you will need to try to verify exactly what will transfer and ideally get it in writing from Grand Lodge. Off the top of my head I doubt you will find a buyer over $17,000-$45,000. If you own a lockoff you can't sell them as two different units. Your best bet would probably be to find a specialty reseller in Colorado that speciallizes in high end properties. Who do you rent it at $1400 per night? That may be the place to advertise the sale.

If you can get $9800 minus your MF's per year in rent, you may want to just keep it.

edit- I took a look at Redweek and there is a similar week 51 listed around $89,000 but that doesn't mean it will sell that high. The upper end might be around $65,000 but at that price it will probably take several months to several years to find a buyer.

 

[RX8]

Bay Tree Solutions doesn’t help you sell your timeshare. They are simply a website where they would place your timeshare ad and they are going to charge a significant upfront fee for the ad. Once they have the fee they have zero incentive to do anything more because anything they do will take away from pursuing new upfront fees.

Bay tree solutions

Has anyone used this company to try to sell their timeshare? Sent from my iPhone using Tapatalk

tugbbs.com

 

[bogey21]

Is there a RE Company in Breckenridge that handles TimeShare Weeks. Many years ago I had great success with such a company on Hilton Head Island....

George

 

[BlueRiverChalet]

Most people don't look at Bay Tree solutions because the listings are 300-1000 times higher than other websites. Redweek would be just as good if not better especially for high end units. Did Bay Tree give you an estimate?
Keep in mind if you bought from the developer not all the perks that you enjoy will transfer to the buyer and you will need to try to verify exactly what will transfer and ideally get it in writing from Grand Lodge. Off the top of my head I doubt you will find a buyer over $17,000-$45,000. If you own a lockoff you can't sell them as two different units. Your best bet would probably be to find a specialty reseller in Colorado that speciallizes in high end properties. Who do you rent it at $1400 per night? That may be the place to advertise the sale.

If you can get $9800 minus your MF's per year in rent, you may want to just keep it.

edit- I took a look at Redweek and there is a similar week 51 listed around $89,000 but that doesn't mean it will sell that high. The upper end might be around $65,000 but at that price it will probably take several months to several years to find a buyer.

Most people don't look at Bay Tree solutions because the listings are 300-1000 times higher than other websites. Redweek would be just as good if not better especially for high end units. Did Bay Tree give you an estimate?
Keep in mind if you bought from the developer not all the perks that you enjoy will transfer to the buyer and you will need to try to verify exactly what will transfer and ideally get it in writing from Grand Lodge. Off the top of my head I doubt you will find a buyer over $17,000-$45,000. If you own a lockoff you can't sell them as two different units. Your best bet would probably be to find a specialty reseller in Colorado that speciallizes in high end properties. Who do you rent it at $1400 per night? That may be the place to advertise the sale.

If you can get $9800 minus your MF's per year in rent, you may want to just keep it.

edit- I took a look at Redweek and there is a similar week 51 listed around $89,000 but that doesn't mean it will sell that high. The upper end might be around $65,000 but at that price it will probably take several months to several years to find a buyer.

I think redweek has a sales commission of 8%. I was under the impression that Bay Tree just had their advertising cost. If I sell through TUG or elsewhere who do I contact for Deed transfer and title change and handling a large transaction? suggestions?

 

[bnoble]

I’ve used Timeshare Transfer, but not for large transactions.

Timeshare Transfer, Inc. - Timeshare Title Transfer, Timeshare Closing Service

Attorney reviewed timeshare closing service to transfer your timeshare title in all 50 states: deed preparation and recording, collection and disbursement of funds, document distribution and final notification to resort.

timesharetransfer.com

 

[CPNY]

215K for one week!?

Has anyone used Bay Tree Solutions Inc to sell their timeshare? The developer of my TimeShare ownership pointed me to this company as a more ethical ones as well as Redweek.

Unlike having a inexpensive TS Week, we purchased the premium week 52, new years, at the Grand Lodge on Peak 7 Breckenridge for the rental income and the perks. For the purpose of Renting and using the owner perks. And have successfully rented every year at $1400/night. A 2BR (Sleeps 8), larger corner unit than the others rooms in the lodge, ADA friendly, view of the valley, sunny side, view of the fireworks from the porch, etc. Do to financial needs we are wanting to sell off one or both of the units in then 2 BR Deeded Time Share. According to the developer, Grand Lodge on Peak 7 Sales group, they said (as the developer) that the current selling price for that 2BR unit is $219,706K (and of course includes their added perks outside of our week for that value). (All club benefits are transferable and valid during the week of purchase)
Or we could split up the 2BR into the two separate unties being a Matter Residence 1BR and a Suite Residence 1BR. The Master 1BR current sales value is $156,710k: and Suite residence unite $97k Obviously that is the developer price is with their extra perks/incentives.

Bay Tree Solutions inc have a flat advertising fee ($1,600.00) until sold. and even offered to sell off together or individually for that one fee. No other closing fees or commission fees and they offer financing to the buyer. Is this a reasonable fee? It appears to be a good price as its a flat fee until sold but are the expectations of selling realistic? They don't charge any commission or sales fee.

Bay Tree Solutions said they list at 20% blow the lowest value.

We know we have a very specific target market since we chose to buy the most expensive week and we did so because it always rents out ($1200-$1400/night) and we have been successful at renting that week for several years now. Can we have expectations to get a good price for our unit, since the buyer would likely be someone who wanted that specific week either to rent or use and most likely someone who is researching just after being sold a unit from the developer to see if they may be a better deal during their 3 day cancellation policy? We are trying to get some hopeful but mostly real expectations.

thanks,
John

I contacted someone on bay tree. It must have been listed for a long time because he had no idea what I was talking about when I contacted them. They were also trying to sell a unit for 9K and would not budge on price. I ended up buying the same type of unit on eBay for 600. I’ve never bothered looking at bay tree ever again. Not sure many others do as well.

the listings are kind hilarious on bay tree. Worse than SMTN. Units people beg to get of are listed for $14,000

 

[RX8]

Bay Tree is no different than any other advertising listing company. Their business model is predicated on collecting upfront fees. They have no intention of providing truth to owners as to the true value of their timeshare. If the owner thinks their timeshare has significant value that works to Bay Tree’s advantage because the owner may be less worried about the cost of the upfront fee. Paying $1,600 upfront thinking you are going to get $30,000 in the sale is a lot easier to swallow than paying $1,600 for a timeshare that may be worth $5,000, or likely more accurate, worth nothing.

Since Bay Tree makes nothing after the upfront fee they have no incentive to do more “work” for free. In fact, I think all those high priced listings sitting on the website unsold helps them collect more upfront fees as they can say “look at all the customers that trust us and look at the sale price you can expect!”

 

[tschwa2]

I think redweek has a sales commission of 8%. I was under the impression that Bay Tree just had their advertising cost. If I sell through TUG or elsewhere who do I contact for Deed transfer and title change and handling a large transaction? suggestions?

You can list on redweek without going for the full service and only pay the membership fee and the listing fee which should be under $80 or so.
Many here on TUG do not recommend the full service for selling or buying because the brokers don't seem particularly invested and questions just end up having to go from the broker to the owner so it takes longer to get questions answered.

For a higher ticket sale you probably want to either let the buyer pick the closing company or maybe have one in mind in case they have no clue where to start but make sure that the closing include escrow and title insurance if the buyer wants those things.

 

[Eric B]

Most people don't look at Bay Tree solutions because the listings are 300-1000 times higher than other websites. Redweek would be just as good if not better especially for high end units. Did Bay Tree give you an estimate?
Keep in mind if you bought from the developer not all the perks that you enjoy will transfer to the buyer and you will need to try to verify exactly what will transfer and ideally get it in writing from Grand Lodge. Off the top of my head I doubt you will find a buyer over $17,000-$45,000. If you own a lockoff you can't sell them as two different units. Your best bet would probably be to find a specialty reseller in Colorado that speciallizes in high end properties. Who do you rent it at $1400 per night? That may be the place to advertise the sale.

If you can get $9800 minus your MF's per year in rent, you may want to just keep it.

edit- I took a look at Redweek and there is a similar week 51 listed around $89,000 but that doesn't mean it will sell that high. The upper end might be around $65,000 but at that price it will probably take several months to several years to find a buyer.

Interestingly enough, it looks like the week 51 was just reduced to $65,000. Must have been someone that reads TUG!

Anyway, according to Redweek, a week 52 there has sold in the past for $125,000. Source:

Grand Lodge on Peak 7 Valuation | RedWeek

Want to know what timeshares at Grand Lodge on Peak 7 are selling for? See current and historical prices on RedWeek.com

www.redweek.com

 

[CPNY]

Interestingly enough, it looks like the week 51 was just reduced to $65,000. Must have been someone that reads TUG!

Anyway, according to Redweek, a week 52 there has sold in the past for $125,000. Source:

Grand Lodge on Peak 7 Valuation | RedWeek

Want to know what timeshares at Grand Lodge on Peak 7 are selling for? See current and historical prices on RedWeek.com

www.redweek.com

And they say timeshares lose their value haha.

 

[Eric B]

Frankly, I would be happy with the $8.4-9.8K each year covering my MFs and earning some profit. Looks like the MF is about $1.5K, so that's $7K per year in profit on rental or about a 4.7% ROI if you value it at $125K. Plus you can depreciate the cost to cover some of the taxes.

 

[tschwa2]

being that sales are negotiated in private through redweek and many don't bother to inform redweek what they actually received for the week, I am not sure if the historical data is based on the asking price or what was actually agreed upon.

 

[BlueRiverChalet]

215K for one week!?

I contacted someone on bay tree. It must have been listed for a long time because he had no idea what I was talking about when I contacted them. They were also trying to sell a unit for 9K and would not budge on price. I ended up buying the same type of unit on eBay for 600. I’ve never bothered looking at bay tree ever again. Not sure many others do as well.

the listings are kind hilarious on bay tree. Worse than SMTN. Units people beg to get of are listed for $14,000

Yes, $215 is the current developer price for that specific one week. When we purchased several years ago it was in the $160's. I imagine my real market is someone buying now from the developer and looks online to see if there is a better deal while they are in their 3 day contract period. We did buy for the positive rental income and perks.
I am wondering if Redweek does a good job in helping with the sales with their full service option. I did see the full service they take a 3% commission. Has anyone experienced the help from Redweek when it is full service?

 

[CPNY]

Yes, $215 is the current developer price for that specific one week. When we purchased several years ago it was in the $160's. I imagine my real market is someone buying now from the developer and looks online to see if there is a better deal while they are in their 3 day contract period. We did buy for the positive rental income and perks.
I am wondering if Redweek does a good job in helping with the sales with their full service option. I did see the full service they take a 3% commission. Has anyone experienced the help from Redweek when it is full service?

List it yourself and don’t use their full service. See if LT transfers will handle it