Westin Princeville - resale pricing

[CaliDave]

I have a friend that bought from the developer and now wants to unload his Timeshare.

What is a realistic price that he'd get for an annual 2bd, gardenview if he wanted to sell it in the next 6 months.

 

[DeniseM]

With an Garden View unit I would expect a 30-40% loss in the current economy. This is a voluntary resort, which means that resale buyers can't exchange in the SVN, so that is another hit on the resale value.

I think he'd be MUCH better off in learning how to get the most out of his unit. Renting is a viable option.

 

[DavidnRobin]

Ouch - having to sell at this point is tough - but the MFs are also very high.

If they need their cash back, and cant' get by making the most out of the units (e.g. renting), then they are likely looking at $35-37K (IMO) since they have been a couple on the market around $37K.

 

[Ken555]

Are there island or ocean view units at WPORV? Even though I was just there, I thought they were all sold as one view category (or am I confusing this with Lagunamar?).

Also, I'm very negative on selling any t/s's right now. Though there may be others for sale at $37k I doubt they will sell quickly unless they are closer to $30k (or even less, considering the prices at Maui).

 

[Troopers]

Keep in mind net proceeds will be less any agent fees.

I do not think the resale TS market will better in 6 months.

 

[James1975NY]

Aboslutely correct regarding the resale market. Not a good time to sell, but it is not necessarily good to hold out.

Harborside phase I owners that are holding out will also suffer some as phase II units are more and more available on resale.

Focus for your friends that owns Princeville right now should be on renting to get money for the maintenance fees or even better getting some use out of the ownership.

 

[applegirl]

Has your friend ever spent time on TUG to learn how to best use his week? Or is this a financial situation where he just needs the money?

This is a horrible time to sell so I'd encourage him to either use it or rent it.

Janna

 

[myip]

Aboslutely correct regarding the resale market. Not a good time to sell, but it is not necessarily good to hold out.

Harborside phase I owners that are holding out will also suffer some as phase II units are more and more available on resale.

Focus for your friends that owns Princeville right now should be on renting to get money for the maintenance fees or even better getting some use out of the ownership.

There are tons of Harborside for sale...

Look at this... (can't even sell)

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=110286711985&ssPageName=STRK:MEWA:IT&ih=001




http://cgi.ebay.com/Harborside-at-B...ryZ15897QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

The price is so depressed....
I would never thought it will go so low....

 

[myip]

I think he'd be MUCH better off in learning how to get the most out of his unit. Renting is a viable option.

I don't know about renting... the maintenance fees are so high at Princeville. and there are lot of timeshares in Princeville (it may not be Westin)

 

[DeniseM]

I don't know about renting... the maintenance fees are so high at Princeville. and there are lot of timeshares in Princeville (it may not be Westin)

The subject line says "Westin Priceville"

But good point about renting there - maybe he could exchange for a popular week at another resort to rent.

 

[SDKath]

If they do decide to sell, I would try selling by owner first. Redweek and myresortnetwork are both good places. There were a couple Princeville units listed there a few months back. I have not looked recently.

Also, I would not advertise the "island view". That's a turn off and leads to the impression that there are ocean view units too. There aren't. Everyone has the same view in that resort.

I think the previous unit was advertised for $35,000 for a 2BR LO.

K