Which is the best Starwood Developer purchase to make when requalifying a resale?

[susanrc10]

The second $750 is not to sell it, but to take it over. This gets me out of it completely. But...now that I have thought about it, the original $750 that I paid insures that they will pay all of the closing costs when/if it sells.

So, I could post it here on TUG for $10 provided the potential seller makes the offer through Timeshare Adventures. If they do that, then Timeshare Adventures will handle the closing. That saves me the $750 and the buyer also saves the closing costs.

That sounds more like the way that makes the most sense at the moment.

 

[Ken555]

The second $750 is not to sell it, but to take it over. This gets me out of it completely. But...now that I have thought about it, the original $750 that I paid insures that they will pay all of the closing costs when/if it sells.

So, I could post it here on TUG for $10 provided the potential seller makes the offer through Timeshare Adventures. If they do that, then Timeshare Adventures will handle the closing. That saves me the $750 and the buyer also saves the closing costs.

That sounds more like the way that makes the most sense at the moment.

That only works if the buyer pays what they want for it. Or, are they selling at $0?

Ok...just searched their site. It seems lots of their weeks for sale at this resort (I didn't look at all of them) are priced at many, many thousands. Their listed prices seem intended only to encourage potential sellers that the value of their week is higher than it is in reality, in order to get them to agree to pay their $795 fee.

I wouldn't count on them doing anything for you at this point, but I really don't know what you would get for the $750 more. I suspect if you paid this extra fee they would then give it away on eBay for no charge, etc. You'd be much better off handling it yourself and saving the $750.

Also, it seems Timeshare Adventure has 69 weeks listed for SVR currently. That's amazing once you think that each of those cost $795 to get listed...and that's just one resort...

 

[DavidnRobin]

The second $750 is not to sell it, but to take it over. This gets me out of it completely. But...now that I have thought about it, the original $750 that I paid insures that they will pay all of the closing costs when/if it sells.

So, I could post it here on TUG for $10 provided the potential seller makes the offer through Timeshare Adventures. If they do that, then Timeshare Adventures will handle the closing. That saves me the $750 and the buyer also saves the closing costs.

That sounds more like the way that makes the most sense at the moment.

What is the difference between selling and 'taking it over' - who's name is the Deed in? Who is paying MFs - have they been paid?

Why would they take over a TS for $750 that has no/little value? Something is off here. I would check the Title for the 1st one, plus other potential 'issues' with that exchange. There is a bunch of related matter on the Buying/Selling forum with regards to companies that 'take it over.'

 

[DeniseM]

There are TWO places on TUG where you can give away your TS's for free (no charge for the Ads.) THEY ARE COMPLETELY DIFFERENT - SO YOU SHOULD POST IN BOTH AREAS. There are other cheap and free sites on the internet, as well.

TUG Marketplace - the only cost is your TUG membership - $15 (List it for $1 and it will automatically go in the Bargain Basement Ads.)

Bargain Deals - Totally FREE! - just write a simple post with all the pertinent info. In your post, include the following info.:

-resort name
-unit size
-season owned
-maintenance fee
-current reservations​

To make it more attractive I would:

1) Pay the 2013/2014 maintenance fees and don't ask for reimbursement.

2) Pay for the title transfer (you can get a simple title transfer with no escrow or title search for about $100.) Many Tuggers (including me) have been using Legal Timeshare Transfers, a no frills document preparation company, and they are receiving good reviews on TUG.:

Legal Timeshare Transfers/Ready Legal
Lisa Short and Mary Pless
http://legaltimesharetransfers.com/
1.706.219.2709

3) Reserve a popular holiday week in 2013/14 for the new owner

4) Instead of paying a fee to a rescue company - consider offering a cash incentive to the new owner.

5) Here is the very important step that most people miss: Come back to TUG once a week and add more info. to your thread - this will bump it to the top of the page.​

Good luck!

 

[susanrc10]

You gave them $750 previously and they did not sell the TS - and you are going to give them $750 more. Think about that for a second - I think that is called throwing good money after bad...

I haven't decided to go this way. However, according to Timeshare Adventures the second $750 is for them to take the timeshare out of your hands. This is to take you out of it. This is how they list it on the site:

How This Works And How Does The Transfer Happen?

After talking with Timeshare Adventures and reviewing the contract, you'll be ready to begin the transfer process. The processing fee must also be paid at this time.


Once payment has been made and the contract is signed, all information is sent to the brokerage.

The timeshare owner will receive a phone call from the brokerage with in 48-72 hours of signing up. A broker's assistant will be assigned to personally help the owner and they can contact them directly at anytime. The owner will work with the closing agent so they can monitor the transfer process, which takes ninety days to complete on average.


Guaranteed Transfer Or Your Money Back

The 100% Money Back Guarantee is only valid if the property information provided by the owner is correct and accurate. If the timeshare is not transferred, the money is fully refundable as long as the owner provided the correct property details and fully co-operated during the transfer process.

However, it sounds like it would be better for me to post it on this forum and sell it for $5. I believe that if the person bought it through my Ad on Timeshare Adventures, then Timeshare Adventures is responsible for handling the closing.

 

[Pmuppet]

Definitely think you need to first unload the TS you no loner want before you buy. The deals aren't going anywhere.

Patience and cash are the key to getting a great deal. Set up some ongoing searches on eBay (my personal TS liquidator) and spend DOZENS of hours reading tug. If you don't keep coming back to tug for more information, I don't recommend a SDO trader.

Cause it requires a certain amount of fanatic craziness to exploit II for the best deals. And if you can't push yourself for 50-100 hours of research, it just means your normal (and we tuggers aren't).

If you are what I call normal, you will only want to spend 5-10 hours a year researching, I think WKV (westin kierland) is your route. Definitely should have at least a Million dollar net worth to warrant a $16k TS purchase IMO, though. (Can you tell I am a financial planner...lol)

Because I don't consider myself normal (I am a tug information junkie), I only have SDO traders. But I will likely buy a WKV platinium week once my net worth allows for the expense.